In my own opinion regarding the fluctuation of Bitcoin that may affect other altcoins, I think most of them will join the ride.
Last Sunday, as Bitcoin, Ethereum and other major cryptocurrencies go down, so as the other altcoins. However, there are altcoins that are rising a bit while most of them are losing their value. I think Bitcoin plays a major part of the altcoin fluctuation, which of course, is the mother of all cryptocurrencies.
I maybe wrong, but it depends. There are cases that these altcoins are going down because of "panic selling".
Topic: If bitcoin loses all its value what will happen to altcoins ? - page 5. (Read 1392 times)
December 11, 2017, 03:13:01 AM
December 11, 2017, 03:08:30 AM
The best possible outcome could be either all coin is following Bitcoin lose the value, or there is a new leader for altcoin, and it will become the 'king'. We can see the reason for it because altcoins price is correlated to bitcoin price. If Bitcoin makes a movement, altcoins get dumped.
December 11, 2017, 02:55:52 AM
If bitcoin goes down, all of the other coins might go down as well, i dont think any altcoins will make it to the top without bitcoin, thats just my personal theory of it because bitcoin is the first one and the main or should i say the base of all cryptocurrency. Every other crypto's/ICO's is nothing without bitcoin.
December 11, 2017, 02:48:29 AM
Altcoins still have chance to survive during the increasing of bitcoin. But if altcoins want to survive, team dev need to work hard on their project to release more news and bring the price grow.
December 11, 2017, 02:12:21 AM
I think you can find a very clear correlation to what happens to ALT coins when we have had major drops in BTC. An even great drop has been seen in ALTs.
But at times of stagnation and gradual decline of BTC value (consensus still strong) then investors move money into ALTs to find better gains. But it all depends on teh sentiment of the crypto community. Right now no one knows what will happen with the BTC futures launches and a sudden drop in BTC value will for sure drag the ALTs with them.
Several might increase some in BTC evaluaino but go down in FIAT evaluation, then of course it is better to have your money in FIAT if that occurs.
But at times of stagnation and gradual decline of BTC value (consensus still strong) then investors move money into ALTs to find better gains. But it all depends on teh sentiment of the crypto community. Right now no one knows what will happen with the BTC futures launches and a sudden drop in BTC value will for sure drag the ALTs with them.
Several might increase some in BTC evaluaino but go down in FIAT evaluation, then of course it is better to have your money in FIAT if that occurs.
December 11, 2017, 02:02:35 AM
Do you think altcoins can survive without bitcoin leading the way ?
yes. many of the will survive but the top altcoins, at least the top 10, will die with bitcoin and get dumped even harder if bitcoin goes down.Quote
will the bitcoiners that lose faith go into altcoins or will they just cash out and take profits ?
bitcoiners don't really have much faith in altcoins if you ask me. they all are interested in bitcoin that is why they invest in altcoins, they want to make profit on their bitcoins!Quote
I personally see this altcoin growth going hand in hand with the growth of bitcoin
even though some of the altcoins already offer some exciting new possibilities
almost all of them have interesting possibilities but also almost all of them add more flaws than they solve any issues. you can see ETH for example. it has 13 second blocks but it still can not handle transactions when there is a growth like cryptokitties caused! and that is just a start. even though some of the altcoins already offer some exciting new possibilities
December 11, 2017, 02:02:26 AM
If bitcoin loses all its value, I think that altcoin is normal and that it will be an opportunity for altcoin to grow. Because altcoin is independent, has a technically and dev team of its own, the community is separate, so if bitcoin does not exist then altcoin is still growing normally.
December 11, 2017, 01:54:57 AM
I think Bitcoin's price will fall sharply one day, but that doesn't mean the cryptocurrency is doomed to But it has a big effect in crpto currencies if bitcoin crashes .. It only have 21 millionth bitcoin that are circulate in the world and currently 12 million are already used ..if they reach the max circulation it also affect the crypto world and the worst btc will destroy it also affects altcoins because btc is the main reason why crypto are popular.
Where are you seeing the altcoins don't get doomed caused by the bitcoin? The fact majority of altcoin gets dumped a lot. What the heck about 12 million already used? The circulating supply was around 16.7 million. if you can't argue about the fact and it will better for you to don't spread another bullshit to the newbies. It's very clear that you are not knowing anything about the crypto rather than write another bullshit that makes others scared with your opinion.
December 11, 2017, 01:26:56 AM
I think Bitcoin's price will fall sharply one day, but that doesn't mean the cryptocurrency is doomed to But it has a big effect in crpto currencies if bitcoin crashes .. It only have 21 millionth bitcoin that are circulate in the world and currently 12 million are already used ..if they reach the max circulation it also affect the crypto world and the worst btc will destroy it also affects altcoins because btc is the main reason why crypto are popular.
December 11, 2017, 01:12:36 AM
Do you think altcoins can survive without bitcoin leading the way ?
will the bitcoiners that lose faith go into altcoins or will they
just cash out and take profits ?
I personally see this altcoin growth going hand in hand with the growth of bitcoin
even though some of the altcoins already offer some exciting new possibilities
will the bitcoiners that lose faith go into altcoins or will they
just cash out and take profits ?
I personally see this altcoin growth going hand in hand with the growth of bitcoin
even though some of the altcoins already offer some exciting new possibilities
Yes altcoin will survive and the price of altcoin become higher too. Some altcoins always following the bitcoin price, if the bitcoin price going up, the altcoin price will going down and if bitcoin loses all its value, I think altcoin price will go higher and all bitcoin users will start using altcoins.
December 11, 2017, 01:12:25 AM
This is an interesting question and I will like to answer it the way I see it!
I believe altcoin like Ethereum can stand all by itself without bitcoin leading the way or boosting it's operation and independence! Ethereum is all inclusive and is more robust than bitcoin at the moment! But bitcoin is still leading the way in crypto integrity!
I believe altcoin like Ethereum can stand all by itself without bitcoin leading the way or boosting it's operation and independence! Ethereum is all inclusive and is more robust than bitcoin at the moment! But bitcoin is still leading the way in crypto integrity!
December 11, 2017, 01:10:47 AM
Basically, what i have seen is when BTC rises the altcoins drop and vice versa. I donno know the rason why this happens. I can only say that the driving force for altcoins is BTC growth and depreciation as well. So put together, we can say that altcoins can never die as long as bTC survives and vice versa. Still I belive BTC has a long way future to go along with other altcoins as well as many are in their early ages. Keep investing and manage the risk.
December 11, 2017, 01:05:38 AM
People would shift to altcoins and the price of other altcoins would increase when bitcoin price goes down. Its the most sane move to do rather than cashing out in fiat.
I think there's no way people will shift to Altcoins when Bitcoin is compromised. If someone could compromise multiple Bitcoin Blockchain servers at a time then the same thing will happen to most Altcoins and Cryptocurrencies.
December 11, 2017, 01:02:31 AM
Do you think altcoins can survive without bitcoin leading the way ?
This scenario will be catastrophic if it ever happen, no i dont think that they will survive, bitcoin has been leading the coins for years now and if bitcoin fails investor will likely think that other coins may end up the same fate.
will the bitcoiners that lose faith go into altcoins or will they
just cash out and take profits ?
just cash out and take profits ?
Maybe they will just get what ever money they could get and move on leaving crypto currency.
Bitcoin has no exemption for loosing it's value when major catastrophic event will happen that causes shutting down the whole internet so this is one kind of world event that will cause massive effects for Cryptocurrencies because Bitcoin and digital Currencies are Internetwork dependent and will lost its purpose and value.
December 11, 2017, 12:58:54 AM
I am thinking that way before but if Bitcoin loses it's value then I think Altcoins also loses their value.
One of the things that will cause Bitcoin to lose the value is when there's a massive attack on its core multiple Bitcoin Blockchain servers at a time and when the whole Blockchain is penetrated and transaction data is compromised then people will loose their trust on Crypto-Currency and other digital currencies.
One of the things that will cause Bitcoin to lose the value is when there's a massive attack on its core multiple Bitcoin Blockchain servers at a time and when the whole Blockchain is penetrated and transaction data is compromised then people will loose their trust on Crypto-Currency and other digital currencies.
December 11, 2017, 12:54:00 AM
Do you think altcoins can survive without bitcoin leading the way ?
This scenario will be catastrophic if it ever happen, no i dont think that they will survive, bitcoin has been leading the coins for years now and if bitcoin fails investor will likely think that other coins may end up the same fate.
will the bitcoiners that lose faith go into altcoins or will they
just cash out and take profits ?
just cash out and take profits ?
Maybe they will just get what ever money they could get and move on leaving crypto currency.
December 11, 2017, 12:29:26 AM
People would shift to altcoins and the price of other altcoins would increase when bitcoin price goes down. Its the most sane move to do rather than cashing out in fiat.
Yes I agree with you on that ONE
if the bitcoin price drops gradually then people will just on other promising coins
November 23, 2017, 05:07:13 PM
People would shift to altcoins and the price of other altcoins would increase when bitcoin price goes down. Its the most sane move to do rather than cashing out in fiat.
November 23, 2017, 04:57:47 PM
I have always thought that the eventual decline of bitcoin could occur naturally and gradually, once the altcoin market is mature enough to be guided by the technical aspects of each crypto instead of its fame and popularity.
If this fall is given in a gradual way, it would not mean a trauma for the other altcoins, but in the event of a tragic event that would lead to the sudden crash of bitcoin, perhaps there would be momentary repercussions but gradually the altcoin market would recover given its undoubted utility.
If this fall is given in a gradual way, it would not mean a trauma for the other altcoins, but in the event of a tragic event that would lead to the sudden crash of bitcoin, perhaps there would be momentary repercussions but gradually the altcoin market would recover given its undoubted utility.
November 23, 2017, 04:53:10 PM
I dont think that they are related, theory. However, because of the panic, if Bitcoin loses all its value, people also panic sell all your altcoin.
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