Looking for a crypto that won't depend on BTC anymore - page 5.

isaac_clarke22

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Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

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Like ryzaadit said, nope. You might still find some for a short time just like those tokens I held back in 2017 which are now dead coins these days.
Usually BTC is being paired by the many in trading that is why many of these altcoins if not all tend to follow the price of Bitcoin.
Sorry but that is just how the market works.

lalabotax

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Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

Well, this has never happened so far. This has several reasons why altcoins will always depend on Bitcoin.
- First is about the trust in Bitcoin is mostly higher than in altcoins
- Trading pairs f every altcoin always existed on Bitcoin, so this will rely on the Bitcoin price, too.
- People look at this as "if Bitcoin as the best crypto is dropping, how can altcoins rise up because altcoins are always following Bitcoin

Viscore

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Quote from: wxa7115 on June 29, 2022, 03:50:35 PM

Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

If you want to invest in an asset which is not influenced by bitcoin then you need to look at other markets because that is not something that you are going to find here, think about it, the market dominance of bitcoin is above 41%, and those are the official numbers, I would not be surprised that if we excluded centralized coins, stable coins and the fake market cap of many coins this number easily reached 70% or more.

This means that whenever bitcoin makes a move the rest of the coins move with it simply because bitcoin is that big, so if this is a situation you cannot tolerate any longer then it is better for you to look for assets in other markets in which you will be interested to invest.

The whole crypto market is dominated with bitcoin, given that fact, it's hard to invest in such coins wherein bitcoin's position will not influenced it. Although stablecoins are always free from the manipulation of bitcoin, and they remain stable despite of the market volatility, but investing in it do not guarantee risk-free. So apparently, your choice will always reflect your amount of returns. Otherwise, don't invest in the crypto market if you want to stick for coins that don't have bitcoin significance.

KingsDen

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I hardly have seen any coin that is independent of bitcoin in the market. It has always been bitcoin driving the market. Whenever bitcoin sneezes, all the coins shakes. Almost all altcoins follow bitcoin, even the inverse bitcoin which is expected to move opposite direction of bitcoin is still following bitcoin.
Bitcoin has the largest volume and price and the demand is higher because of its scarcity model. That is why it will continue to dominate and lead the market.

Miaallen

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Looking for a cryptocurrency that won't depend on Bitcoin is like looking for the impossibility. Or you will be dealing with a crypto coin or token enclosed to just a region or group of people within a geographical location. If the coin will be a public coin and invested into across the world, it will at this time bow to the market dominance by the Bitcoin. Bitcoin is like the sole regulator and determinant of the Cryptocurrency market situation and conditions.

blue_hurricanger

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To be honest, you will find none of the legit cryptos that don't depend on BTC. If you want that kind of crypto, in its own fundamentals outside of Bitcoin as well as the whole market, you should just buy stable coin.

gabbie2010

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Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

It's absolutely hard and difficult to find an altcoin whose movement is independent of bitcoin, although some altcoin do pump occasionally defying the Price Action of bitcoin, but to find such a coin out of the numerous coins is difficult, once bitcoin dumps majorities of the altcoins followsuit thus making difficult to trade and invest on them, however the period of dumping is a very good opportunity to buy the well established and credible altcoins and hodl provided the investor is not after making 10X, 100X profits synonymous with pump and dump and highly risky altcoins.

Fesatmas

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Quote from: Wildwest on July 01, 2022, 04:14:49 AM

It is very difficult to find crypto that does not depend on bitcoin all the average coin always follows the flow of bitcoin, including potential coins then never expect for now it will find a coin that can reach a new ATH due to the state of the market that is declining so all coins are falling in price and the decline that is happening is also very large so it takes patience in dealing with the current situation.

Yes it would be very difficult to find such a coin, but if we did find one I would be a little unsure about it. Maybe in the future it will be possible to find such a thing, but it seems the chance is quite small. The influence of bitcoin will indeed continue to be felt for altcoins, be it old ones or emerging ones. So far bitcoin is still the center of the market movement.

Rupok

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All cryptocurrencies rely on Bitcoin, That's true BTC is the regenerator of every crypto project.One thing you will notice is that all coins have link to BTC.When the price of BTC goes down, the price of other coins starts going down.Bitcoin is the boss of all coins so cryptocurrency will not be possible without the boss.All crypto markets follow Bitcoin, so it will be difficult to find a cryptocurrency without Bitcoin.Although cryptocurrencies other than bitcoin can be found,then you will see that very few investors will invest there.Because people can't trust without bitcoin.Bitcoin is everyone's trusted coin.

justdimin

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So far I haven't found any unpaired coins and tokens with BTC price. Indeed it is not a mechanism or system in the world of cryptocurrencies but it has become like this because the level of trust of people is still very high in BTC and ETH. This has caused investors to still use BTC as a reference in looking at the prices of other cryptocurrencies.

Basically bitcoin is the one that makes sure that crypto goes to a direction, that is how it works and as long as bitcoin exists it will stay like that forever. I believe that the best thing we could do right now is not to give up on bitcoin, and not go towards alts that try to move all own their own, they can't and anyone that claims they can will end up being a terrible one. Just focus on what you can do with bitcoin and anything related to it.

Any coin you buy, will be tied to the market very religiously, and that means if the market goes up then the price of that coin will go up as well, if the price goes down then that coin will go down too.

Kelvinid

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Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

I hope it was clear to you that altcoins, any project created after Bitcoin relying upon Bitcoin, and such influence can't be changed. Once Bitcoin drops as we have now, altcoins are there to follow and even they are at the worse scenario. You will just fail to look at them as the market has been designed with that kind of behavior that is why investors are too keen on every development and market movement. In fact, many TA and these investors make their analyses based on Bitcoin's movements.

Wildwest

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It is very difficult to find crypto that does not depend on bitcoin all the average coin always follows the flow of bitcoin, including potential coins then never expect for now it will find a coin that can reach a new ATH due to the state of the market that is declining so all coins are falling in price and the decline that is happening is also very large so it takes patience in dealing with the current situation.

vv181

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There is hardly any cryptocurrencies or token that didn't follow bitcoin market movement, even if they truly don't, most likely it only has less correlation than the others. But as a whole, most cryptocurrencies follow bitcoin market sentiment. I doubt there are some cryptocurrency that exists on their own market fundamental, if you found one, I'm not surprised if it is either a shitcoins or the brand new one that truly has a major advantage over bitcoin.

bitkanu

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As many have stated definitely there is no coin that goes against btc trend, but if you want a coin that's isn't volatile then try staking USDT I guess even though the APY might be small but at least it's doesn't get influenced by btc as much in term of APY.
also, meme coin despite already said that it could go against the trend, big chance it gonna returns back in no value at no time so forget investing in meme coins.
though at the time like this it's just better to wait the trend subsides and then invest.

virasisog

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Most altcoins rely on the value and movement of Bitcoin that's also the reason why it's known to be the father of all cryptocurrencies. Altcoins will always follow the price of Bitcoin because it's the most trusted coin in the crypto world. All cryptocurrencies are Bitcoin-dependent and if you can find coins that don't follow BTC, you better check their reputation.

bonyaserg

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Now that the cryptocurrency market is very huge and more coins are entering the market every time. And everyone wants to see how his coin develops and brings huge profits. But unfortunately, the crypto market is playing its game and many simply lose their funds in the search for promising coins. And now we can say one thing that bitcoin is a coin on which all other coins depend. And it is a fact that bitcoin will always have its own game in the crypto industry market.

DanWalker

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Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

I'm sure you won't find any coin you're looking for as the entire altcoin market depends on the movement of bitcoin. Sometimes there are some altcoins that have gone against the trend of bitcoin like when bitcoin goes down they will rise but most of that is temporary and then they will go back to the trend bitcoin created before . It's simply a momentary pumping action created by the sharks.

Godwinpaul

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I've always believed that all altcoin were tied to Bitcoin as the value of Bitcoin tends to determine the value of most altcoin, but it's nice to know that some projects could choose to pair their coin with a stable coin to influence the value and prevent the influence of Bitcoin on them, this sounds like a good idea as the coins value would have limited fluctuations.

antsam

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Bitcoin has been transformed into a giant and ruler of the Crypto market, every shock will be very influential on other altcoins. Until now I have not seen the trend change, but sometimes there are also those who fight the BTC trend but it is very rare and is temporary

Xal0lex

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Quote from: Gayong88 on June 29, 2022, 11:36:39 AM

The majority of investors and traders are increasingly understanding crypto fundamentals before investing, is there any crypto that moves itself according to its fundamentals both now and in the future?

Whatever fundamental support the project has, it will steadily follow bitcoin. This is how the crypto market works, when bitcoin goes up, altcoins go up, bitcoin goes down, altcoins go down even more. Whether now or in the future, this is how the whole crypto industry will work, altcoins will follow bitcoin. Even bitcoin is closely correlated with traditional finance and follows the global economy.

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