Topic: if btc drops... - page 8. (Read 1539 times)
I'm sure there will be a sharp decline of up to 25% from the current price. But if you look at market movements this should be the lowest point and it won't go deeper unless there is very sad news about crypto
if btc drops to 7-8k range what happens to alts?
7-8k well Bitcoin might shed so much value but I can assure you that for altcoins it is usually worse...which is why the last bearish market left so many altcoins for dead and it had never been the same.Bitcoin is the basis of most of the altcoins so if btc drops, the altcoins drops also. If you would observe and compare their charts then you will notice the connection they had. The recent price increase last May proves it because of their uncanny relationship.
It could be safe to say that 85% of these coins are affected this way because so coins have demand and pump groups bumping them up.
the decline in bitcoin will clearly make a decline in the overall market. we have known and seen that happen. even in a dump, we see how altcoin follows the downward movement of bitcoin. some altcoin might be able to survive and actually make an increase. but that only happens to assets that pump only on every update that is made.
if btc drops to 7-8k range what happens to alts?
for example, the price of bitcoin will reduce the price to such an extent, it will most likely be that the other altcoins will certainly not have a price, but it is not as easy as we think that bitcoin will reduce the price to such depth, and I cannot imagine for example it will happen, but I will always be optimistic that the price of bitcoin will not be able to go down so deep. if btc drops to 7-8k range what happens to alts?
The answer to this question is probably known by all except You).During the existence of altcoins, we can conclude that their price has always been tied to the value of bitcoin.Perhaps after a while the dependence will be less,but now if the value of bitcoin falls to the level of 7 000$ first of all I will buy it and I will not care how the altcoins behave.
obviously there will be a decline in altcoin prices. big or small depends on the ability of the altcoin to make the transition from the increase to the decline that occurred. because the effects of the decline in bitcoin will be felt in the altcoin market. especially if the decline in large numbers.
in this case I see the value of bitcoin is very stable and there is still a lot of demand, but if btc goes down at the price of 8k -7k this is a sign that there will be a very large decline for the price of altcoin, the value of bitcoin now is 10k only altcoin is still not growing especially if btc down will definitely see the red market
Btc drops and whole altcoins will do the same as bitcoin but those altcoins will be getting the worst chart than bitcoin because so many people only interested to exchange their altcoin for bitcoin.
I guess when bitcoin goes down to the 8k rate and then altcoin will go down more than 30% from its current price.
I guess when bitcoin goes down to the 8k rate and then altcoin will go down more than 30% from its current price.
if btc drops to 7-8k range what happens to alts?
It will definitely decrease accordingly. Because alts are all paired with Bitcoin and when bitcoin goes down, alts must go down.There is a very easy to remember law:
+ BTC increased -> alts slightly increased
+ BTC decreased -> alts fell sharply
then price of altcoin will also experience a decrease in price because most altcoin will see bitcoin as a benchmark price up or down, that's what I've seen so far
If the BTC goes for $ 7-8,000 then the market conditions will be much worse. I don't think it can take that much. I think it can not go below to 8500 and now BTC price is 10,000+ dollars. From here BTC will go up.
if btc drops to 7-8k range what happens to alts?
If Bitcoin drops to that level there is a big possibility that the majority of the altcoins will follow, it has been the pattern ever since and I don't think that's going to change, Bitcoin is still leading, and what happens to Bitcoin will have an impact on the majority of altcoins, only a few exception of course.
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if btc drops to 7-8k range what happens to alts?
Then the altcoin will drop too deep following bitcoin drops. I cannot imagine what will happen if bitcoin price drops until that price because that will makes the altcoin will losing the power to stay at a price now, and that will make people panic. The market will have so many order to sell because of the fear that happens in the market. But usually, after the price drop, the price will recover and will increase to the higher rate, and sometimes, the price can break the higher price back.
We all know that Bitcoin is a pioneer of the current Altcoin. if bitcoin goes down, for me it's only natural. but that didn't last long immediately. just waiting a few more months, surely the price will be stable again.
Not only months but the value can recover within that day or two , if not then the value van recover within a week . a month is already too long for a recovery . being a pioneer is not involved on this situation because even newly coins can also experience a drop and rise of the price . although all those crypto coins wont be stable like what you said because those cryptos that can be stable are only stable coins that have a 1 usd value .
if btc drops to 7-8k range what happens to alts?
if Bitcoin goes down then the Altcoin price is likely to go down ... but not all altcoins will follow in the footsteps of bitcoin which must go down in price ... because the cryptocurency is very uncertain ... everything depends on volume and demand ... but for now I'm still sure that the price of bitcoin will continue to increase ..
We all know that Bitcoin is a pioneer of the current Altcoin. if bitcoin goes down, for me it's only natural. but that didn't last long immediately. just waiting a few more months, surely the price will be stable again.
if btc drops to 7-8k range what happens to alts?
Price fluctuation is normal in cryptocurrency, there is no new about it. If bitcoin`s price drop it does not really directly affect altcoin, the thing is that people decides to also sell their altcoin when bitcoin drops that is why altcoin`s price go down also. Though, if the people do not sell their altcoin, then the price will most likely not move or get higher. The ups and downs always depends on the crypto community. There are plenty of altcoins currently you can picked and i'm sure at least one of them can be profitable and regarding your questions possibly some of altcoins will be rise up because i saw it several times that when bitcoin price dropped then the price of particular altcoins was pumped and i think there is no worried about that and make sure you're not panic to facing this
I think you are wrong because the price of bitcoin always determines the price of altcoin too. When the price of bitcoin falls, the altcoin also has the same impact. It's true that not all altcoins fall but the altcoin average won't be able to survive in the trend and will eventually follow the bitcoin trend.
Bitcoin pump altcoin dump
Bitcoin dump altcoin hard dump
If Bitcoin became stable for a moment then altcoin can create correction then follow Bitcoin price action this means that the trend of Bitcoin bring effect to the altcoin because of btc pair in the market.
Bitcoin dump altcoin hard dump
If Bitcoin became stable for a moment then altcoin can create correction then follow Bitcoin price action this means that the trend of Bitcoin bring effect to the altcoin because of btc pair in the market.
if btc drops to 7-8k range what happens to alts?
well if bitcoin price drop there a possibility that altcoin price will also drop in terms of dollarbut some altcoin depend on dollar so their price might rise in terms of bitcoin
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