If Bitcoin dies does altcoin die? - page 63.

szpalata

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Quote from: pushups44 on October 15, 2017, 12:34:00 AM

I think if bitcoin dies it will generate more skepticism of cryptocurrencies in general. Hence, while we all favor one or the other, it's probably not a good idea to want a major cryptocurrency to perish. This begs the question: which cryptocurrency would be next?

And why in the first place is it going to die? It isn't feasible at all because it will take the whole world to completely abandon bitcoin at a go and that isn't happening any time soon until perhaps a better cryptocurrency technology emerges on the scene.

pushups44

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I think if bitcoin dies it will generate more skepticism of cryptocurrencies in general. Hence, while we all favor one or the other, it's probably not a good idea to want a major cryptocurrency to perish. This begs the question: which cryptocurrency would be next?

monkeydominicorobin

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Right now it is pegged to bitcoins. But how about Opendex/OpenLedger. The currencies are not pegged with bitcoin. You just need to do more research. Not all exchanges are obsessed with bitcoins. So in case bitcoin dies which is never going to happen, alt coins will take over.

jackhdt

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Quote from: kenkoy on October 14, 2017, 11:17:46 PM

Bitcoin value is inversely proportional with Altcoins. So if BTC has dropped, then i think Atlcoins price will surge. However, i believe BTC is the most established Crypto. There are challenges, fud, negatives issues has come its way but still it regains its stature.

I disagree. how long do you know altcoin and bitcoin?
as far as I know the altcoins prices will increase only when Bitcoin price increase.

Sithara007

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Quote from: kenkoy on October 14, 2017, 11:17:46 PM

Bitcoin value is inversely proportional with Altcoins. So if BTC has dropped, then i think Atlcoins price will surge. However, i believe BTC is the most established Crypto. There are challenges, fud, negatives issues has come its way but still it regains its stature.

Ridiculous. From the past experience, I would firmly say that the altcoins prices will increase only when there is a spike in the exchange rates of Bitcoin. But now the situation is slightly different. A lot of people are amassing Bitcoins so that they could get the free Bitcoin Gold coins after the forking. That is the reason why the exchange rates are going down now.

lenovo16

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Quote from: deddod on September 04, 2017, 09:45:30 PM

Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins
your opinion is highly appreciated.

I think its so sad if ever bitcoin die. Bitcoin is a great help for everyone in the digital currency. Bitcoin is the center and heart of crypto's so for me if the journey of it ends im sure other altcoin also end. Because as we all know some altcoin is just depending on the value of BTC.

oemar bakrie

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For a while this bitcoin is my financial helper in my life ,, i do not know what happens when the bitcoin will die.. Sad

cng-

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Perhaps in the past, but I don't think that this is the case now and getting much less so moving forward into the future. The more gateway cryptos and alt cross base pairs there are, the less of an impact btc will make.

kenkoy

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Bitcoin value is inversely proportional with Altcoins. So if BTC has dropped, then i think Atlcoins price will surge. However, i believe BTC is the most established Crypto. There are challenges, fud, negatives issues has come its way but still it regains its stature.

Sithara007

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To imagine about such a scenario, we need to analyze various scenarios which can cause the death of Bitcoin. For example, if all the world governments unite together and declare the possession of Bitcoin as a criminal offense, then it can lead to a severe decline in the number of individuals actively using Bitcoin. In such a scenario, the usage of altcoins also may be declared illegal.

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I do not know, there are so many coin platforms that have their own company. if only bitcoins are dead, there may be some coins that do not die, such as eth, waves, and other coins that use the platform.

loda.doa

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In my own opinion, if bitcoin dies, altcoin would probably die too because bitcoin and altcoin has a big connection to each other that there prices are almost connected in their exchanges from altcoin to bitcoin. Bitcoin die when no internet without electricity

Mazda17

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Quote from: deddod on September 04, 2017, 09:45:30 PM

Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins
your opinion is highly appreciated.

In my opinion of bitcoin is if bitcoin dies then altcoin and others die too because seen from the various coins that there is only the most valuable bitcoin and the topmost level so that the other coin coin just bitcoin existing.

PalindromemordnilaP

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Quote from: RayvenPierre on September 04, 2017, 10:18:10 PM

Quote from: Harlot on September 04, 2017, 10:02:46 PM

I only think of a limited scenarios in which Altcoins won't die along with Bitcoin and that is when all Bitcoin holders have migrated or shift into the next big cryptocurrency available, but that is of only Bitcoin failed by itself. But if the government have dofferent views otherwise then Bitcoin and other altcoins will die together because Bitcoin is the biggest cryptocurrency in terms of market share, and other are only trading altcoins to earn Bitcoin in the process.

This is true because if bitcoin falls, bitcoin users might jump on the next big altcoin there is. And also altcoins dont have the same developers so its really hard to see all of the altcoins dying and disappearing. A new altcoin will surely rise if bitcoin falls.

Yes because not all alt coins have the same platform as what bitcoin has. Bitcoin may lose its market value in the future for example, but a new successor will follow its path for sure and would become the alpha of all digital coins.

sapnu

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Quote from: deddod on September 04, 2017, 09:45:30 PM

Bitcoin is a very popular crypto coin today, we know that Bitcoin will be very expensive in the future but I imagine if Bitcoin die, whether there will be hope for the future of altcoin? because most altcoin exchanges are to bitcoins
your opinion is highly appreciated.

I don't think so. But maybe it will go this way, if Bitcoin dies altcoin will rise. Since the demand is being divided into alts and Bitcoin. It is just that Bitcoin is having a larger community and market value. So if Bitcoin will be gone, all the demand that it is getting and its community will go or be moved to altcoin that will make altcoin something to look forward with if this thing will happen.

Bay_Harbour_Butcher

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I think it's impossible, the more likely it is the altcoin that first dies, but if there is a possibility of bitcoin die, then altcoin will rise, but it will only be temporary, altcoin will also die after the dead bitcoin

Pettuh4

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Quote from: dieselmeister on October 14, 2017, 09:00:49 PM

Quote from: craZyLovE0916 on October 14, 2017, 08:36:43 PM

I don't think other cryptos would die just because Bitcoin does, look at the internet many companies died in 200 but there is still new ones appearing every day even still today.

Yes I strongly believe with your point of view. I also do not think that altcoins will die if Bitcoin does. The reason for this is that altcoins such as ETH are developed on a separate platform. We still trade and invest tokens through ICOs by ETH coin.

I tend to believe that because there seems to be a correlation between Bitcoin prices and Altcoins prices especially ethereum and litecoins, they go up most of the times Bitcoin rises in price and decrease when Bitcoin does therefore it makes sense to suggest that most of these Altcoins could die if Bitcoin ever dies.

dieselmeister

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Quote from: craZyLovE0916 on October 14, 2017, 08:36:43 PM

I don't think other cryptos would die just because Bitcoin does, look at the internet many companies died in 200 but there is still new ones appearing every day even still today.

Yes I strongly believe with your point of view. I also do not think that altcoins will die if Bitcoin does. The reason for this is that altcoins such as ETH are developed on a separate platform. We still trade and invest tokens through ICOs by ETH coin.

aryaadikariyansyahsuwarto

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if bitcoin die, then altcoin automatically also will die. but that's not possible. bitcoin will not die.

andrew24p

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This topic is heavily debated and I think in many ways it will hurt the market very badly if bitcoin dies. Bitcoin is the blue chip coin and if it doesnt take off or doesnt go mainstream and loses investment ( I dont think this will happen I should say) many people will pull their money out.

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