If the BTC crash, will it take every other coin with it? - page 2.

carlisle1

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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.

If you can’t even trust bitcoin having a future in cryptocurrency so what more for the other alternative coins?And if that is your attitude then whybyou are still here ?You are free to leave and e dont need people as stupid like you.

Bitcoin is the highest form of cryptocurrency and without this market will die for sure and thats the reality abbout this community

Just John

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This is a tough one, or maybe not. I think that Bitcoin is the pillar of cryptocurrrencies, and if it comes crashing, it will spell doom for the cryptocurrency industry, but I do not think that it would die still. Yes, it will greatly affect the industry, but after a while, these altcoins will bounce back, and learn to lean on themselves.

organelles

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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.

You are right, it is the reason why we all have to support bitcoin because if bitcoin is not doing well then all of the other coins in the market are definitely not doing well which is not good for us. Whatever happens to the price of bitcoin is what happens to the entire market. We need more money to be concentrated on bitcoin in order for it to go back up.

BTCwin1

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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.

bibitao68

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It would bring down other coins because they are traded against each other, unless you trade in fiat / altcoin pairings if bitcoin goes down it will affect the value of the other coins traded against it.

Freegan

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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.

rucapri0

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Because the Most of the Exchange sites Provides the Pair with BTC isolated, Initial when Bitcoin moisten, the expenditure of the additional bankroll drip close to the dollar expenditure immediately

firewa

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Bitcoin as a "king", I think Bitcoin crashes other currencies will also collapse, behind Bitcoin has a strong community, Bitcoin collapse what other currencies can survive?

tterrorpipa

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It is normal when bitcoin price crash due to many whale, manipulators, or even panic sellers dumps also the altcoin crash. Its because all of the price of te altcoins barely refer to btc price and ethereum price. Obviously when the price of the bitcoin crash, it doesnt mean that the price of the altcoin equivalent to bitcoin also crashes, but only the rate of that bitcoin price change. The price of the token per bitcoin price doesnt change only its value.

mynamehere

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When the btc is too high, a collapsed lending coin will drag the market down.
The time of btc so down low is the beginning of the multi-level coin or lending market or the binary model begins to rekindle. You should choose a coin level playing field is just ok. Proper investment can take money, opportunity to reap x property.

Payne976

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Absolutely! the majority of altcoins follow BTC if you look at your blockfolio and then change value into BTC you can see that generally most coins during a dip reflect BTC drops and your holdings in BTC value generally stay roughly the same (yes this is dependent on size of your holdings but alt coins definitely follow BTC) Unless you are Ethrium, Neo or Waltonchain !

popolite11

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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 suppose it will not take all the altcoins to the bottom even if it crashes. As soon as I am a person who supports Bitcoin, I hope it will never happen. I think that at least during the nearest 5 years we will see BTC is the best coin.

coastbank

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I think that bitcoin will make market crash nearly irreversible. Yes there will of course be surviving coins but in the end we will see all markets return back to 2013-2014 year, and that will be too hard to fix.

phelbaby

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Presently now you can say what it is going to look like all by yourself,the Bitcoin is down so other Cryptocurrency are show bleeding colors

zhangcaisbsbn55

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Quote from: sean.maley on January 27, 2018, 06:28:39 AM

Quote from: bttmember on January 26, 2018, 02:51:43 PM

BTC is the king of crypto, so yes, if btc crashes it does effect all the market, basically people start selling all there holdings in panic and cashout there investment in loss resulting in overall reduction in the market cap.

I was also thinking same up till last month but somehow I have changed my point of view. Because even when btc was falling, there were some altcoins going higher. That made me think that even if btc crashes, there is still chance that solid coins can survive.

It may influence some of them but it will not decie the falling of the coins.

Muruga

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If the bitcoin price falls, then the prices for altcoins will also decrease.
This is due to the fact that most of the crypto currency exchanges do not have direct trade in altcoins for dollars,
euros or any other fiat currencies. First, the alts must be transferred into bitcoin and only then bitcoins
can be exchanged for dollars. Therefore, everything depends on bitcoin in crypto currency world.

mpufatzis

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The bitcoin influences the other cryptocurrencies price, that's for sure. As it was said before, in the majority of the exchanges, trading is made in alts/btc. The inter currencies connection ends there.
What is happening in the crypto market is not the end of the world. There is no crash, just a price correction.
I think people are rushing to see bitcoin reaching 1 million and that can't happen within a year.
Altcoins will survive, and if not, other will come much better than the old ones.

yacare

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Yes of course bitcoin and its state will influence all market certainly. We see that also now as its price goes down and after him practically all coins repeat it. If there is a collapse, it will be on all positions

newbie-hero

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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.

Capitalization of bitcoin takes about half of the entire cryptocurrency market. Therefore, of course, the collapse of the largest cryptocurrency will affect other currencies. It's unavoidable. The question is if such a misfortune will really happen.

abduljacklu

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Most of the shitty altcoins that has no product/services will surely go down with bitcoin if that happens,but these solid altcoins like ethereum neo ada etc. would find their way to survive without the BTC's help.You will know which coin can survive when bloodbaths happens,some of these altcoins will surely recover faster than these shitty altcoins.

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