If Bitcoin dies does altcoin die? - page 66.

e-coinomist

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Quote from: BossMacko on October 03, 2017, 07:54:04 PM

I think when Bitcoin dies altcoin will not die but it will just affect alt coins. If an alt coin price for example an alt coin btc volume is 10BTC and Bitcoin drops the Bitcoin volume of that alt coin will also drop it means the total price of that alt coin will be affected but will not die. That is according to my observation on some alt coins.

Will come close to an bloodbath in each and every street.

However, buy when there is blood in the streets. And there are some alts like Ethereum that had shown some teeth in regards of pushing the blockchain technology even further. If the page turns, things turning worse, I might just jump for ETH (besides some smaller additional projects) and sit out everything. You need to get away from maximalisms, seeing the base approach as something independant. Crypto has arrived to stay.

dead_m92

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Obviously, if bitcoin dies, then everybody will be afraid of it and everyone is going to dump their money because they wont be trusting bitcoins/cryptocurrencies anymore.. Altcoins wont stop being in there, but it would be a mess since nobody would be investing in them, because if bitcoin dies, then it means that any altcoin could dissapear. This really makes sense.

Lpim01

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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.

I can't imagine of happening like that. Because bitcoin is bind with altcoins and if it happens that bitcoin falls, automatically all crypto currencies will falls also. This kind of scenarios may happen if the community united and make this thing disappear, but as long as it have potentials probably it could impossible to happen.

alfs75

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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.

For me if bitcoin will die,all altcoin will die also because everything crypto currency will pass through in bitcoin,,bitcoin is the original currency before other alternating coins came out.in trading investment if you want to change to fiat money you must change altcoins to bitcoins.so if bitcoins will down also altcoins will dump.

Mr. Legendaris

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Quote from: Choii on October 03, 2017, 06:34:10 PM

I don't think so, but on my own opinion when bitcoin will die i think altcoin will die also. Because altcoin is based on the bitcoin value so when the bitcoin go up the altcoin will go up, and when the bitcoin will go down all currency will go down also when you use bitcoin as money. And i think it's posible that bitcoin was die, because as long as there are investor or buyer bitcoin or cryptocurrency will not die unless the ICO's, INVESTOR, BUYER's will stop, but it will not happen.

Yes agree, this is because bitcoin market share is the biggest so it affects the price of all altcoin, I'm sure if bitcoin die then altcoin price will drop because exchanger will not accept altcoin so altcoin die fast.

aizen10

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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.

for me i dont think if bitcoin will come to his death, but any ways, true that this bitcoin is very expensive and giving hopes for the other altcoin because most of exchanges are for bitcoin, if bitcoin dies? i think altcoin will die too, because without the foundation (which is bitcoin) other coins will break down or fall into the floor. people are more rely in bitcoin and if anyone people not succeed in bitcoin and its die, theres no hope to them to invest again into altcoins because they had a experience in bitcoin before.

BossMacko

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I think when Bitcoin dies altcoin will not die but it will just affect alt coins. If an alt coin price for example an alt coin btc volume is 10BTC and Bitcoin drops the Bitcoin volume of that alt coin will also drop it means the total price of that alt coin will be affected but will not die. That is according to my observation on some alt coins.

ramsdaj28

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اللعنة

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 that's the case. There are actually a lot of things that makes altcoins different from bitcoin - its rules, blockchain, miners, and wallets. These altcoins uses different networks where they are produced, created, or mined. If ever bitcoin will be gone (which is not a probable thing to happen), altcoins will still live no matter what. They don't need to follow the rules of bitcoin since these altcoins are independent. If you are thinking that these altcoins will lose their values when bitcoin is gone, then you are wrong. altcoins can also be exchange to different currencies and cryptocurrencies other than bitcoin. For example, you can still exchange LTC to USD even if BTC is gone.

jerowacik

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Quote from: King Sastro on October 03, 2017, 06:42:59 PM

I think not, of course this is because of competition and people leave bitcoin because there is a better coin than bitcoin. now everyone already knows the benefits of cryptocurrency so they will transfer the transaction from fiat money to cryptocurrency.

yes bitcoin is currently the most popular digital currency. but when there are other digital currencies that much better of course could happen. If bitcoin dies then there will be other better digital currencies, therefore the development of digital currency is very fast. we often see that every moment there is always a newly created digital currency.

ljtronics

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Just think about it, if Bitcoin dies, what could possibly be the reason first of all ?
* WAR ? Armageddon ? Then altcoin wouldn't matter anyway right ? => Altcoin dies
* World government ban => Altcoin gets banned too => Altcoin dies
* Better/more supprime Bitcoin Alternative (ex:BTC v2) =>Altcoin probably survive
So i think their destiny are connected, if one dies, the other would hardly survived

King Sastro

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I think not, of course this is because of competition and people leave bitcoin because there is a better coin than bitcoin. now everyone already knows the benefits of cryptocurrency so they will transfer the transaction from fiat money to cryptocurrency.

Choii

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I don't think so, but on my own opinion when bitcoin will die i think altcoin will die also. Because altcoin is based on the bitcoin value so when the bitcoin go up the altcoin will go up, and when the bitcoin will go down all currency will go down also when you use bitcoin as money. And i think it's posible that bitcoin was die, because as long as there are investor or buyer, bitcoin or cryptocurrency will not die unless the ICO's, INVESTOR, BUYER's will stop, but it will not happen.

Cranidos

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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.

If bitcoin die, which I definitely doubt will happen, I think there will be a chance for other cryptocurrencies. And based on the current situation if I have to choose, eth can be that crypto who can stand up. And of course those exchanges will have no choice but to follow the trend because if not they will lose their business.

adjudicator

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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.

Altcoin or alternative altcoin is a general type of coin. It has a lot of subcoins in which they are different to each other and used differently. And bitcoin is a specific type of coin in which it is very popular now. Then if bitcoin die I think altcoins will be used and will be popular if it will happen.

Surrapatt

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If really happened bitcoin died. Then there will be parties who got a giant cake from incident. And, i believe that's impossible, because bitcoin will continue to be popular over time.

Kisanaq

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Quote from: annbagira on September 29, 2017, 02:22:58 PM

Both will not die because it make competition it's make market better and more viable and interesting it allow to avoid stagnation ( I mean the dead season ). For me it's much more huge level of volatility is better then when it's always stable like coma. My opinion is as I say all currency will be on aboard and make good atmosphere in general.

I think no, we all assume that bitcoin is the most perfect coin, but I believe someday or near this there will be better coins than bitcoin so if the bitcoin die altcoin can still survive.

alexsamudra

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I never thought a bitcoin would die that fast and I would not know what would happen to its future but I hope the bitcoin will live forever.

rumexx

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Surely if BTC dies other altcoins will be severely affected. BTC is like the mother coin while the other altcoins are her children.

abyaby123

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Bitcoins are a virtual form of money protected by unbreakable cryptography. This attribute makes it a secure way to store wealth but also creates the risk that when Bitcoin owners die, their digital fortune will be out of reach forever. That’s a major problem for the relatives of tech-savvy individuals who have invested in a market currently worth about $70 billion.

rinhunter

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maybe just affect to another cryptos and don't make them die, altcoin still in their side even without bitcoin

Topic: If Bitcoin dies does altcoin die? - page 66. (Read 17309 times)