If the BTC crash, will it take every other coin with it?

Argoo

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Quote from: goku1525 on October 16, 2018, 04:08:58 PM

Quote from: Cryptrx on October 16, 2018, 03:37:38 PM

Depending on the reason for its crash. If it's something that generally affects other cryptocurrencies it will definitely affect other coins but if it's bitcoin specific problem I doubt it will have major impact on other coins.

If bitcoin will crash then all coins also crash because this technology only bitcoin they supported towards a replacement of fiat in the future .All coins are depended in one market which is BTC as you look they are all on trend .

Some interesting thoughts on this forum. Suppose there was negative information about Bitcoin, there was a big panic, Bitcoin devalued, collapsed. Yes, for some time there will be confusion in the market. However, then everything will settle down and line up in a new system. Now each cryptocurrency is able to work independently. The choice of the exchange mechanism, the selection of pairs, these are already technical details. This, of course, is simplistic, but I see no reason for the market to disappear in this case.

goku1525

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Quote from: Cryptrx on October 16, 2018, 03:37:38 PM

Depending on the reason for its crash. If it's something that generally affects other cryptocurrencies it will definitely affect other coins but if it's bitcoin specific problem I doubt it will have major impact on other coins.

If bitcoin will crash then all coins also crash because this technology only bitcoin they supported towards a replacement of fiat in the future .All coins are depended in one market which is BTC as you look they are all on trend .

Cryptrx

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Depending on the reason for its crash. If it's something that generally affects other cryptocurrencies it will definitely affect other coins but if it's bitcoin specific problem I doubt it will have major impact on other coins.

funchiestz

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Quote from: naftaman on January 26, 2018, 05:39:09 AM

Hi guys, BTC is going down again today.
I don´t hold any BTC because I don´t see future in this coin, but...
Always when BTC is going down so everyone else, do you think that in case of dramatic fall will every other crypto go down too?
And it brings me another question, when people sel their BTC, where the money goes? Do they make instant withdraws in USD and get out of the trade completely? Cos if BTC is going down some else should rise but whole market is on decrease.

I can't say it all goes with Bitcoin. But it is not difficult to guess that all of them will lose a great deal of value.

cryptocyprus

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I think that when people withdraw money, they first completely withdraw and store them either in Fiat money or cash, but then they go back to the game and invest in some coins. Cryptocurrencies are like a drug for many people.

askmecrypto

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BTC being the major trading pair of most of the coins in the market will always have its effect on all tokens. Since tokens are mostly traded in terms of satoshis, so when BTC price in FIAT (USD/EUR) goes down, it makes satoshis value go down as well and eventually the price of other tokens as well.
On the other side, during the past few quarters we are seeing a lot many coins are also getting FIAT pairing on exchanges this will reduce the BTC impact on other tokens but it will take time.

SashaVeg

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I am sure that all coins depend on Bitcoin and that this situation will never change. Because in the economy there must be a leader, and in cryptocurrency it is Bitcoin.

coolcoinz

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Quote from: kiansantan on September 23, 2018, 07:45:21 PM

Whatever happens to the price of bitcoin is what happens to the entire market. We need more money to concentrate on bitcoin in order to get back up. If bitcoin doesn't work well then all the other coins on the market certainly don't work well which isn't good for us.

I have to agree with this. The way the market is built, it relies on Bitcoin as the main promoter. Altcoins don't matter in a situation where laws are being built around bitcoin and with bitcoin in mind. Many people who aren't very well informed see cryptocurrency market as Bitcoin and think that altcoins are just a clone of Bitcoin. If the oldest and most popular cryptocurrency would crash to very low levels you can be sure that some altcoins would cease to exist and the rest would lose 90% of value.

Tigerw

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Quote from: ?? on ??

As for me, all the coins depend on Bitcoin. In any case, if Bitcoin fails then all the coins on its track will fail. But not everything is so bad, I hope that in the future all coins will be autonomous.

Dating lately, the relevance of Bitcoin is also falling and it is very likely that Bitcoin will not be very promising. Based on this, it is necessary to assume How the cryptocurrency market will develop. .

futurefuturecoins

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I have my own experience in observing the behavior of the bitcoin price and the price of altcoins. Indeed - the downward movement of Bitcoin prices entails a reduction in the price of altcoins. This predictability is not a bad parameter to trade.

DarkEagleMan

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Quote from: naftaman on January 26, 2018, 05:39:09 AM

Hi guys, BTC is going down again today.
I don´t hold any BTC because I don´t see future in this coin, but...
Always when BTC is going down so everyone else, do you think that in case of dramatic fall will every other crypto go down too?
And it brings me another question, when people sel their BTC, where the money goes? Do they make instant withdraws in USD and get out of the trade completely? Cos if BTC is going down some else should rise but whole market is on decrease.

The behavior that has been observed in the market recently clearly shows that the price of bitcoin still has a very marked influence on the behavior of all other altcoins. Therefore I have no doubt that the eventual fall of bitcoin would bring great uncertainty and generate a fateful bloodbath in the market, but the positive aspect of this would be that without bitcoin, the market would recover gradually given its undeniable utility in the current economic system, and their prices would depend more on their advantages and benefits than on the mere speculation that bitcoin has caused so far.

Lake20

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No one pray for Btc to crash but it happens, it will affect more than 95% altcoins on Coinmarketcap and I don't think the entire industry can survived without Bitcoin because BTCA represents the entire industry.

kiansantan

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Whatever happens to the price of bitcoin is what happens to the entire market. We need more money to concentrate on bitcoin in order to get back up. If bitcoin doesn't work well then all the other coins on the market certainly don't work well which isn't good for us.

AndrewBrown

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I have sen this question a couple of times, and I have read a good number of answers regarding it, and I would like to say that there is actually a great chance that this might happen. It might happen that Btc crashes, and it takes every other coin along with it. It seems now that Bitcoin is the pillar of the cryptocurrency industry.

bawa_23

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You should trust Bitcoin, It is the pillar & future of Cryptocurrency. All altcoins still depend on it, definitely if Bitcoin fall, altcoin will also fall. Still Bitcoins is the most trusted coin in crypto. It will take long time when Altcoins will overshadow Bitcoin.

xenomorphe1

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Now, you surely know what effect does BTC have when it crash. Other altcoins just follow their king. They can resist a little, but not for very long.

datniccy97

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Quote from: naftaman on January 26, 2018, 05:39:09 AM

Hi guys, BTC is going down again today.
I don´t hold any BTC because I don´t see future in this coin, but...
Always when BTC is going down so everyone else, do you think that in case of dramatic fall will every other crypto go down too?
And it brings me another question, when people sel their BTC, where the money goes? Do they make instant withdraws in USD and get out of the trade completely? Cos if BTC is going down some else should rise but whole market is on decrease.

BTC is the Macdaddy and always brings down the market when it falls. But there's always a recovery! Sentiment never goes one way forever.

e@symode

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Provided that this happens, of course there will be other projects that will serve as the very currency that will link other crypto currencies among themselves, I hope that today people have already formed an opinion on this matter.

just_strange32

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In my opinion, if the BTC unfortunately have trouble, then surely other coin will also inevitably this. Therefore, removing the influence from the BTC is the primary task that Altcoin is trying to implement. But that is too far. BTC will always be strong because the BTC itself is always improving its technology to fulfill its mission of becoming king in the electronic money market.

florinda0602

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Quote from: BTCwin1 on June 05, 2018, 03:30:21 AM

I think so, because most altcoin is part of BTC trading right.
So if the BTC falls significantly, people will lose confidence, and at this point, people will choose to sell rather than keep holding.

I also believe that if bitcoin crash, all other coins will follow, it affects the value of other coins because we all know that bitcoin is the leader of all coins and many investors are relying on bitcoin rather than other coins.

Topic: If the BTC crash, will it take every other coin with it? (Read 1799 times)