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Topic: The BTC crash is good news for Altcoins (Read 20000 times)

sr. member
Activity: 714
Merit: 251
February 07, 2019, 01:53:52 PM
No, I do not think that this is a great idea, because today there are all possibilities to have time to buy altcoins at cheap prices now. Many people understand that prices will definitely go up, but the main question is when.
The fact that Bitcoin greatly affects the pricing of all cryptocurrencies is in some cases a negative factor. I would like each project to have independent development of its capabilities and prices for its coins.
jr. member
Activity: 448
Merit: 1
February 07, 2019, 01:29:49 PM
No, I do not think that this is a great idea, because today there are all possibilities to have time to buy altcoins at cheap prices now. Many people understand that prices will definitely go up, but the main question is when.
hero member
Activity: 1834
Merit: 523
February 02, 2019, 11:21:36 AM
Bitcoin crash the value is not means good for the altcoins because the value of the altcoins as far as I know is going to down too. Because if you know the bitcoin is the king and they are connected to the bitcoin which is what happened to the bitcoin value they will follow it like decreasing or increasing but maybe they have sonw good news in the way of you will purchase a altcoins lower.
sr. member
Activity: 1042
Merit: 328
SIGNATURE CREATION by uralcryptocoin
February 02, 2019, 11:17:55 AM
BTC crash never was good for any altcoin. Always downtrend of Bitcoin cause stronger downtrend of alts. There were several exclusions just confirmed the rule
full member
Activity: 1258
Merit: 104
February 02, 2019, 07:59:21 AM
How can such news really be able to really increase the demand for your altcoins price changes? I think that today there are real meanings in this regard for you only if altcoins prices have risen higher than BTC
but if I think the bitcoin accident is very bad news for altcoins too, because the destruction of bitcoin destroyed the altcoin because bitcoin had a big impact on altcoins, especially about the price
sr. member
Activity: 812
Merit: 251
February 02, 2019, 07:56:11 AM
https://cointelegraph.com/news/why-did-crypto-market-experience-a-27-billion-wipeout-experts-discuss-factors

Every situation has a bright side, you just have to look at the bigger picture!

According to Crypto Rand, a currency trader and technical analyst,

"We will have to wait some more months until BTC settle down its path through a potential reversal, but the alternative cryptocurrency market could take its own direction getting rid of the BTC influence. The big caps altcoin response has been amazing so far."

Further on, the article goes on to say,

"Institutional investors are focusing on products that provide investor protection and strengthen the infrastructure of the crypto market."

Such volatility doesn't mean anything. The true value of cryptocurrency lies in a strong foundation (which requires user-friendly decentralized marketplaces where we can use cryptocurrency, and added security in the form of escrow systems) which will be made possible with the upcoming ICO's.

They're not all scams!

when bitcoin crash down its value, majority of the altcoins are also affected by it. Only few of the altcoins are not affect by it because some of them are pumping their coins to get investors to buy their token but its only temporary. Just like what happen now while bitcoin was not in good term of its price value, even Ethereum, Neo, Omisego, Nem, Qtum, ADa and other potential altcoins are also affected by it. Which means once bitcoin spikes its price for sure most of them too will also kick their price value.
sr. member
Activity: 1078
Merit: 354
February 02, 2019, 07:21:14 AM
I don't think altcoins will take their own direction. So long as we lack a fast, cheap, easy method of exchanging between ALTs and fiat, ALTs will remain tied to BTC. Particularly those ALTs with thin markets. Really can't see ALTs decoupling from BTC anytime soon.
full member
Activity: 954
Merit: 104
ludenaprotocol.io
February 02, 2019, 07:12:35 AM
https://cointelegraph.com/news/why-did-crypto-market-experience-a-27-billion-wipeout-experts-discuss-factors

Every situation has a bright side, you just have to look at the bigger picture!

According to Crypto Rand, a currency trader and technical analyst,

"We will have to wait some more months until BTC settle down its path through a potential reversal, but the alternative cryptocurrency market could take its own direction getting rid of the BTC influence. The big caps altcoin response has been amazing so far."

Further on, the article goes on to say,

"Institutional investors are focusing on products that provide investor protection and strengthen the infrastructure of the crypto market."

Such volatility doesn't mean anything. The true value of cryptocurrency lies in a strong foundation (which requires user-friendly decentralized marketplaces where we can use cryptocurrency, and added security in the form of escrow systems) which will be made possible with the upcoming ICO's.

They're not all scams!

This idea is totally wrong, show me one day, when only Bitcoin went down and many altcoins were in profit. You will probably not find it.
And also I do not think that Institutional investors are going to invest into alts in the near future. Wink
full member
Activity: 602
Merit: 100
February 02, 2019, 07:07:52 AM
How can such news really be able to really increase the demand for your altcoins price changes? I think that today there are real meanings in this regard for you only if altcoins prices have risen higher than BTC
member
Activity: 560
Merit: 10
February 02, 2019, 06:58:41 AM
Nope, it is not a good news for the users who invest bitcoin. The holders might be wanted to dump more than you can expect.
hero member
Activity: 2072
Merit: 529
Sugars.zone | DatingFi - Earn for Posting
February 02, 2019, 06:57:24 AM
It is not good for ALtcoins because Bitcoin has direct impact on the price of the ALtcoins, when BTC crashed last year losing like 83% of its value some ALtcoins lost more than 99% of their value, the price crashed of the 2018 is only good for investors entering the space a fresh because instead of buying at premium in January is now buying the dip at $3k.
B.
copper member
Activity: 238
Merit: 10
February 01, 2019, 06:51:26 PM
even though bitcoin has a big influence on the market but each project has the ability to determine the future of its own coins, even though bitcoin is falling, there are still plenty of opportunities for good projects to have good coin prices, the point though is very difficult, fighting bitcoin is possible
jr. member
Activity: 95
Merit: 1
February 01, 2019, 06:42:05 PM
I'm not sure if the dip is exactly bad for altcoins because Bitcoin affects altcoins all the the time. I can only say that this is a good time to buy because all coins are relatively soo cheap right now
member
Activity: 555
Merit: 12
February 01, 2019, 06:39:24 PM
I doubt if BTC crash will ever be goodnews for altcoins because their value depends on satoshi value a great deal. When I joined crypto three years back, I had that notion that when BTC drops, altcoins rise but from experience, that's not the case.
member
Activity: 909
Merit: 17
www.cd3d.app
February 01, 2019, 06:06:14 PM
We saw the market status now that if bitcoin crash the altcoins follows. I think there is no positive effect to altcoins regarding bitcoin crash. Both coins has a connection to each other base on demand and supply. Bitcoin has a strong power that can pull alsi altcoins value. Bitcoin is a powerful digital currency that's why altcoins has a connection with it everytime it change it's value.
copper member
Activity: 112
Merit: 3
February 01, 2019, 06:02:30 PM
From my little understanding and findings, the crash of BTC is never a good news to Altcoins, i noticed that once btc is crashing, the market as a whole follow suit. So the fall  in price of btc doesn't mean good news for altcoins.
member
Activity: 238
Merit: 37
February 01, 2019, 05:30:02 PM
I don't see why a crash in the price of bitcoin will help the the value of altcoins, in fact,a fall in price of bitcoin to me will badly affect the price of altcoins.
jr. member
Activity: 462
Merit: 1
February 01, 2019, 05:29:03 PM
 Cheesy The fall of Bitcoin will kill the entire cryptocurrency. Look bitcoin worth the whole cryptocurrency worth. Bitcoin is growing the whole cryptocurrency is growing. The answer is simple: a bitcoin drop will kill the market.
newbie
Activity: 20
Merit: 0
February 01, 2019, 05:19:29 PM
Yes, lately, the Altcoins are trying to break away from the influence of Bitcoin. At Ethereum and Ripple it seems even begins to turn out. But let's face it. If bitcoin falls, altcoins too. Similarly, up.
member
Activity: 199
Merit: 10
February 01, 2019, 05:08:48 PM
How innocent because there is still no project capable of getting attention without the appreciation of the BTC! Incidentally.
I'm wrong because maybe XRP and DOGE are the only ones apparently,
maybe LTC too or even ETH! The others need to evolve in many ways!
It is possible that GRIN, FIL and XTZ can follow this path of independence in which it is currently a great challenge.
I did not want to mention the tickers of any project, but I had to be emphatic in what I was writing.
Either way, I mean that if the BTC breaks, it will take months or years for the surviving altcoins to get value.
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