The BTC crash is good news for Altcoins - page 3.

Betwrong

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Quote from: cola-jere on January 02, 2019, 10:58:42 PM

I don't think btc crash is good for alts. All alts will eventually be dragged down if the main coin, btc, that is paired almost every other coin with goes down as well.

That's right, and also don't forget that every other altcoin is "paired" with BTC in most people's minds. And I don't mean crypto enthusiasts or traders, but rather regular people who are only in the process of thinking on investing in this or that coin. Most of those people would abandon the idea of investing in any cryptocurrency if they saw Bitcoin crashed.

otunayode

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Altcoin is very dependent on bitcoin price in cryptocurrency, when bitcoin rises, every coin seem to gain higher value from it. And when bitcoin fall in price, you will see value of altcoin dropping like Autumn leaves!

Irvinn

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Quote from: Supec77 on November 16, 2018, 03:53:21 PM

No,the good news is when the Cue ball to rise will dopustim 20-30 thousand dollars per token and will be in place is, in principle,at this point, begin to grow rapidly altcoins as a rule,so for altcoins is good when the market is bullish,and the cue ball got on premerno the level is good enough,and violas will begin to shoot at 300-900% and more

There are many other good options for the development of cryptocurrency, and not all of them are associated with the appreciation of Bitcoin. If you look at the cryptocurrency as a whole, then even the disappearance of Bitcoin can lead to the rapid development of cryptocurrency as a whole. After all, then the price dominance of Bitcoin over other types of cryptocurrency will disappear and each of its types will develop and have its price only on the basis of supply and demand, as it should be on the market. It is unlikely that another cryptocurrency will have the same high price gap, as Bitcoin has now, so that the situation will repeat again.

kipoel

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What i believe is is reverse with what you saying, if bitcoin falling, then bad thing could also happen to the altcoin. cause up until today, what ever happen to bitcoin, it will always affecting the altcoin.

@prashant

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Quote from: aeternus on January 02, 2019, 10:56:26 PM

The evidence supports the opposite theory, when the price of bitcoin crashed the price of all altcoins went down even faster and investors are not really looking to invest in many of the coins that exist in the market because they are afraid that most of those coins will go to zero, so while I can understand that people are looking for something positive about the bear market I simply cannot see it.

it is true that btc manipulate other altcoin price but that doesnt mean if btc dumps a lot altcoin will go zero.Market has shifted a lot from previous year,it is not solely dependent on btc ,other major altcoin are gaining high liquidity so major altcoin will not be affected that much even if btc goes dumps.current position of bitcoin can help some altcoin to pump as it is best for them otherwise when btc will start to pump ,altcoin will affected i.e dump for a time then pump as btc gain.

Apdax

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It's must be. In the way that it's has many SHOP accept BTC cash Cool

cola-jere

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I don't think btc crash is good for alts. All alts will eventually be dragged down if the main coin, btc, that is paired almost every other coin with goes down as well.

aeternus

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The evidence supports the opposite theory, when the price of bitcoin crashed the price of all altcoins went down even faster and investors are not really looking to invest in many of the coins that exist in the market because they are afraid that most of those coins will go to zero, so while I can understand that people are looking for something positive about the bear market I simply cannot see it.

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Quote from: kamar25 on November 22, 2018, 01:16:12 AM

it is time to predict something good about cryptocurrency, because from a few months ago, many who blaspheme cryptocurrency are not reevaluable anymore, because the market has plummeted and there are many losses everywhere

Well, you cannot predict just something about crypto, without really having a strong basis or support. I guess the condition of bitcoin today is neutral, not bad, not good. And what should we think about it is not just pump or dump of it. We should accepts no matter what it is and do something that will make us profit from it.

maculeth

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I think it doesn't have a big impact on the altcoin as a whole. in a situation like this that really can save the market is just an investor.

xiaoY

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If you can realize that all altcoins are now based on bitcoin, then you won't say that. In fact, most altcoins don't have an independent value, just because we bought them with bitcoin. Their value, once Bitcoin collapses, means that the whole sea will dry up, if there is no water, how can there be fish?

yapa ve yalniz

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The decline of btc is never useless. Altcoins drop more. it's been known for decades. Altcoins are completely bound to btc, about pricing =))

Connectivity

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I think quite the opposite is the case. The value of altcoins is correlated to Bitcoin. Thus when Bitcoin will crash, you can imagine what will happen with altcoins.

shoreno

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Quote from: overnight03 on January 02, 2019, 06:20:26 AM

For me, I think altcoin is mostly dependent on bitcoin if the price of bitcoin falls, altcoin prices also fall,

I don't think this is good news for altcoin, are you sure?

that is also what im thinking about . i believe on what others say that alts follow the price of btc because i already witnessed it before . maybe the op of this thread is an altcoin investor because he wanted the alts to go down .

btc crash can be good for altcoin only if we are sure that investors will switch to altcoin because that can surely help altcoins to rise but if the crash is only caused for personal use ( e.g they sell due to panicking or they sell because the want cash to spend on something ,etc ) then that is not beneficial for altcoins .

Betwrong

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BTC crash can't be good for altcoins, because what crypto world needs is much wider adoption than it is now. Bitcoin is the most recognized crypto currency in the market and worldwide, and if something bad happens to it people in general become suspicious about crypto currencies overall. Most people are not that tech-savvy, so they look at the king, and if the king is not feeling good they think that the whole kingdom is sick.

overnight03

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For me, I think altcoin is mostly dependent on bitcoin if the price of bitcoin falls, altcoin prices also fall,

I don't think this is good news for altcoin, are you sure?

levyashin

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No, it is not.

The best thing for altcoins is btc should pump first and after become stable.

Btc crash is no good for anything.

UAE Seasider

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From my casual observance the altcoins tend to multiply what is happening with Bitcoin, so if Bitcoin is dropping the alts will fall by a greater percentage. And if Bitcoin is rising the alts will increase in value by a greater percentage, so to make the most of things we need Bitcoin to be rising again now we have loaded up.

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Quote from: bamb on January 01, 2019, 09:04:17 PM

The evidence here does not show bitcoin price cash is good for altcoin at all, whenever bitcoin sneezes, altcoin catches the cold. How is bitcoin crash good for altcoin? except of course if you have more funding, we may conclude that you will be able to buy cheap coin!

Bitcoin gets plunged and altcoin too, there was no reason to call that as a piece of good news for altcoin and OP seems didn't even understand about the correlation between altcoin and bitcoin.
But there was a ton of bad news rather than good news when bitcoin comes to the bearish trend.

bezzler

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Quote from: FunGate on November 16, 2018, 03:46:27 PM

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!

I am not agree with the thinking if bitcoin crash will give the chance for altcoins to rise, what we all knew anything that happen on bitcoin it will surely affecting the altcoins, no matter what happen, the reality is like that. It is really hard to remove that reality in cryptocurrency.

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