Topic: If bitcoin loses all its value what will happen to altcoins ? - page 4. (Read 1395 times)

Nothing will happen to the altcoins because altcoins have their own community and market and they are not dependable to bitcoin so the price of altcoins or even the life of altcoin is not depending on the market of bitcoin so even though bitcoin will go zero then it will still not affect altcoins.

If bitcoin loses its value, most of the altcoins have also come down. When bitcoin rises, most of the altcoins rises too.

In such a case you are surely right, but the point of OP was different. It was about bitcoin being dumped by investors, not banned by the governments.
And if btc falls down I think that some other strong altcoins like ethereum (if it becomes upgraded) IOTA (because it's a completely different from btc) and litecoin (in case people miss what they had with bitcoin) can still survive and slowly recover the market in general.
Perhaps you are right that currencies like tether and ripple will survive under such conditions but that is still death of the whole decentralization and free market ideology of cryptocurrencies. Perhaps they are not so much cryptocurrencies if we put it like this.
As for altcoins solving problems - well, IOTA solves block size, transaction fee and transaction speed problems and offers another way of cryptocurrency operating and existing.

I have a feeling that pegged cryptocurrencies can keep their and maybe people will start buying into them instead of exiting the field
crypto is not just a bubble there is real value behind all this money flowing in so lots of people will stick around even without bitcoin
especially after we see some real problems solved from any of the altcoins

Normally if bitcoin growth, altcoin will go to the other way that is going down. So if bitcoin loss its value mean that is the time for altcoin to grow.
But sometime bitcoin growth together with altcoin but only popular altcoin which can survive.

maybe altcoin can survive without bitcoin leading the way and maybe there is another coin that will come to be a leader for altcoin. but if bitcoin is ended, then I think we still have bitcoin cash, bitcoin gold and another new bitcoin that will release with the fork. I don't think that bitcoiners will lose faith and go all into altcoins but they can make a profit with altcoin too.

yes, altcoin is growth with the growth of bitcoin but the price is not yet to increases and still need time before its increases back. altcoin is waiting for a good moment to get up from the lower price to higher price.

I think that we all have to agree that cryptocurrencies is the future.
No matter what is going to happen to the bitcoin and the rest of cryptocurrency, new altcoins will never stop appearing.
Future will show, that what we are living these 5 -6 year is a new revolution in the financial world.
The world will never be the same, ever.
It doesn't matter if the alts we know disappear, new and better ones will come out.

Although the whole market will suffer in such a case, but i believe some coins do have the potential to replace bitcoin and be even more useful to the community.

IOTA,

Ethereum

Litecoin

Monero

Even XRB can be good replacements.

Well,for me that would be the untold great opportunity for the altcoins. But this kind of chance for the altcoins to reign the supremacy is not for all of it since there are altcoins that are dependent on the power of bitcoin. But for those altcoin that can survive outside the influence of bitcoin will take the chance as fast as they can to take the chance of supremacy over all.

I would like to believe that Bitcoin has already paved the way for Altcoins.
Altcoins are not dependant entirely on Bitcoin, in fact, Altcoins would do much better with Bitcoin being out of the picture.
Whoever is investing in Bitcoin and find it profitable now, would probably move to the next best coin, which in this case is Ethereum.
Whatever the case, there will always be a cryptoworld and the digital currencies will still exist with another coin replacing Bitcoin.

Bitcoin can reflect all the altcoins market. Once the price of the bitcoin falls, the altcoins'price will follow the fall. So we can only expect the price of bitcoin to go up.

I agree with what you are saying. Also when people are talking about BitCoin bubble crash then, yes a correction migth occur but even if it drops down 50% down to 8k then BitCoin has had an amazing run these last few months. It wasn't long ago we jsut had a drop to 3k but I don't think wew will se anything so low now even if a correction occurs.

I don't think there are any good candidates to replace BitCoin as of yet. BitCoin Cash, LiteCoin and Ethereum is closest but none have the brandmark as BitCoin and as widely accepted on exchanges. This will take time to build up. It might happen and my bet would be on LiteCoin since that is the currency I use when sending cryptos between exchanges to reduce the transfer cost. It is cheaper for me to sell BTC for LTC, send ot exchange and then buy BTC for my LTC and then use BTC to buy the ALT I want. There is some exchange cost but as long as my transfers are relaively small then this is the more economical solution.

Since I do this I imagine a lot of smaller trader do the same. And if LTC-ALT becomes more widespread on exchanges then this might take over as a brand imo.

+2,000 ALT's, most will be gone in 1-2 years, maybe 1/2 dozen will survive above $10, or $50M capitlization

BTC will correct big time, as the HODL'rs have been good dogs since 2013, but now its time to cash-out and diversify those faux billionaires

BTC is thin, so once say 1/2 of the whales sell 1/2, ,then the price will plummet, as the newbs fresh blood is very thin,

We start see whales dumping +1,000 for everyday for months, the cycle up/down will be dramatic, whales don't care cuz they now buy insurance via shorting the cme-brr-gs futures, they can make MOAR money when their whale sale collapses the price, thus MORE volatility

BTC will fail, because it doesn't scale, and its NOT private,

IMHO one of the ALT's will lead, something like MONERO, but the marketing of zen-cash, ethereum is already a has-been,

Most likely serious contender for #2 slot will be an 'alt' from the FANGS for micro-payment and work their way up to bitcoin.

BITCOIN will always be the bank for rich ppl, but it will NEVER be for day-trading or buying coffee

...
Which ALT??

Well look at the problems

1.) No Privacy in BTC
2.) not scalable
3.) too slow for transaction
4.) mysterious creator, nobody responsible to sue for damages

Somebody will step forward to resolve the problems, somebody that ppl trust, a good name, an honest company, ...maybe IBM will deploy Watson? Who knows that the kind of Horsepower this problem needs.

For now BTC is #1 because it was first, but its a DOG, and its privacy sucks, and I will say again, it will never scale; BTC wasn't designed to be the New World Order Currency for people to pay 1 cent to use a toilet in Bangalore, and until somebody resolves this problem, ALT's will fourish.

The possibility of losses all the value of bitcoin nowadays, is so less percentage since its value is still increasing that gives a good performance on this year that breaks every record was made. Well, we can't predict if its value still continue, on my opinion if might happen, definitely there might some crypto like alctcoins will have a chance to replaced bitcoin, but I don't  think if it might happened as I observed the flow of bitcoin as on its popularity and demand become much more also it gives profit to each and everyone of us.

Some will survive but not all of them will. Those altcoins that has great community and valuable asset to the crypto world are the ones that will survive even without bitcoin. The ones that has real use or those coins that are valuable to a company and mostly relying their services there. But majority of them are riding and relying to bitcoin's lead.


Majority will just hold their bitcoins whatever sequence or scenarios will take place.

I guess it will also affect altcoins especially altcoins that dont have a good project or team backing it up.

If bitcoin price crashes and loses all it's value then it can drag down the prices of ALT coins as well, though there will be chances that ALT coins will prevail and still hold some value, Bitcoin will surely impact every alt coin prices due to some alt being dependent to bitcoin prices. It can drag down alt prices but cannot make alt lose there all value.

altcoins grow only when the cue ball is stable or when bitcoin makes unsharp movements up or down. Therefore, if bitcoin will sharply collect the price, the altcoyins will sprinkle. But we must understand that with the advent of futures, the rules of the game do not change much. We expect a decrease in bitcoat volatility. And in general, huge money is invested in cryptory. We are still at the beginning of the journey https://twitter.com/Slava45432368

Yes you are right. It's kinda chain reaction. If people see that money is coming out of Bitcoin, people start to fear that altcoins will lose value too. And everyone cashes out. I hope this perception will change someday in the future

Most capitalization in any altcoins is bitcoin or ethereum. If bitcoin will loses then most altcoins will too loses.