Tone Vays said that in next bull run altcoins will die - page 2.

Vness10

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Quote from: ATSgrowth on March 13, 2019, 11:42:27 AM

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

Altcoin not totally die even new ATH will come. If bitcoin rise this alts will be follow the trend so there's no will be left. There's some alts that great value in the market and some are proven that will give us a profit even the market is bearish.

ololajulo

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Tone vay has enjoyed his leadership as bitcoin maximalist and have also made a lot of mistakes in this space, some of his opinion had being misleading but he is still relevant personnel in the space because of his experience. In the next bull run, people will be moving more to stable coin and fiat to preserve the value of their investment than bitcoin. The market at its price peak, is not advisable to keep bitcoin.

generalizethis

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Quote from: ATSgrowth on March 13, 2019, 11:42:27 AM

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

I guess he doesn't look at charts. If he did, he'd see that that's the exact opposite of what has happened in every bull run. Historically altcoins increase in overall marketcap when there's a bull run, which obviously means bitcoin shrinks. I think it shrank to under 40% in the last bull run, so 25% wouldn't be out of the question in the next bull run if the long term trend stays as it always has. Maybe he got confused and meant in the next bear market as the market consolidates to bitcoin because noobs realize they have no clue what they're doing and buy what they think is "safe".

What will be interesting is if bitcoin drops below 25% of total marketcap and a new leader is crowned, do noobs still think bitcoin is the safe choice when the next bear market rolls around...

timmmers

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Quote from: redsun114 on March 14, 2019, 04:05:56 PM

Tone vays has always been a bitcoin maximalist and I am not surprised he made such statement about altcoins.

I personally don't think altcoins will die, though I know that a lot of the altcoins we have in the market will actually become useless because the truth is that they have nothing to offer, but a few altcoins will survive the bull run and also increase in price too and some of this coins includes ETH, EOS, TRON and BNB.

Bitcoin maximalists are naive Grin

. I also believe that Bitcoin will stay for long time here and become a mean of payment and store of value.
But we all know that blockchain can be used in many other diffrent ways. Cheesy

redsun114

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Tone vays has always been a bitcoin maximalist and I am not surprised he made such statement about altcoins.

I personally don't think altcoins will die, though I know that a lot of the altcoins we have in the market will actually become useless because the truth is that they have nothing to offer, but a few altcoins will survive the bull run and also increase in price too and some of this coins includes ETH, EOS, TRON and BNB.

timmmers

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But they will not die tommorow, not in next bull run, but slowly after long time.

I am altcoin investors and I know it, my strategy is to get bigger profit in altcoins in next bull run and exchange it to Bitcoin.

semobo

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Quote from: ATSgrowth on March 13, 2019, 11:42:27 AM

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

Not all altcoins will die if there is bull run but there are some shit coins will not going to bump even if there is a bull run just because as you said people were moving to bitcoins so it causes few of them to die.

whyrqa-1

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Quote from: TravelMug on March 14, 2019, 02:40:10 PM

Quote from: ATSgrowth on March 13, 2019, 11:42:27 AM

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

We don't know, the last time we have a massive bull run, altcoins also rises to I don't think that majority will really sell their altcoins just to go to bitcoin market. Although there is this practice of shifting funds around, but I don't think that investors will just ditch their beloved altcoins.

Maybe what will happen is that those shitcoins holders will not but not the top 2-50 altcoins. That is the difference, we have shitcoins and then there's altcoins like Ethereum, XRP, Litecoin and others that will still thrive as well in a bull-run, but shitcoins? maybe dumpsters will just shit on them and move to bitcoins, lol.

Of course, the garbage will be removed from the cryptocurrency market, but we do not know which projects will be destroyed. As many analysts said, almost 60% of all altcoins do not have a real product, this says that the current state of the cryptocurrency market will destroy them and indeed we will not see them at the next running bull.

TravelMug

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Quote from: ATSgrowth on March 13, 2019, 11:42:27 AM

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

We don't know, the last time we have a massive bull run, altcoins also rises to I don't think that majority will really sell their altcoins just to go to bitcoin market. Although there is this practice of shifting funds around, but I don't think that investors will just ditch their beloved altcoins.

Maybe what will happen is that those shitcoins holders will not but not the top 2-50 altcoins. That is the difference, we have shitcoins and then there's altcoins like Ethereum, XRP, Litecoin and others that will still thrive as well in a bull-run, but shitcoins? maybe dumpsters will just shit on them and move to bitcoins, lol.

omonuyak

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Quote from: ATSgrowth on March 13, 2019, 11:42:27 AM

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

I did not agree with this statement and I do believe that some of the popular altcoins and those that has good technology and development are going to remain with us. However can all the altcoins die? I don't agree with this information.

CoinEraser

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Oh yes, every year you can read again that Bitcoin die, altcoins die, cryptocurrencys die and so on. I'm used to such predictions and I don't believe in them. Bitcoin and other cryptocurrencys have survived so far and it will certainly continue to do so in the future. Altcoins belong to Bitcoin and without an altcoin market, Bitcoin will have a hard time surviving. So I don't think the statement that altcoins are dying in the next bull run is right.

XbladedThanos

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Truth is i dont agree with that at all BTC is not the only coin in the market and most tokens and coins have make so strong community and dedicated members What about smart contracts is just too much for them to die like that there must be a concrete reason

go4crypto

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Tone Vays is a bitcoin maximalist and does not like anything else. Even bitcoin, he expects to go down to $1000 - $2000 before bottoming.
Do not agree with his altcoins call. Some bad projects have failed and will fail in future but a lot of good projects should go back to new highs in the next bull run.

HichemFetoui

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Some altcoin will die and some will survive I think this is will be so healthy for the market in the long run and will facilitate the choice for some investors:)

paramind22

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If you want to be a media personality, you have to stand for something that makes you stand out. There needs to be a talking point. Whether he really believes it or not is a question in my mind. Of course, other people believe it who follow him, but that is an extreme position that would require tens of billions of dollars to switch over to Bitcoin that are nowhere near it now. All this wonderful utility and trading mechanism would have to be gone, and the people will never want that.

Milamol

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Quote from: kodtycoon on March 14, 2019, 07:34:20 AM

I don't think it's in accordance with the plan, each altcoin has its own price and has been converted to bitcoin if it's sold will reap profits too, not just bitcoin but altcoin the exact same. well team and developer have prepared the risk they are not stupid mate, by the way they product must have been dump before to reduce the volume of the market so that the profits they achieve if all investors or holders sell it

Most altcoins do not have their own fundamental price. Their price is based only on expectations. But in the future, some alts will have their price. Because some projects will generate profits. Perhaps they will not be heavily dependent on BTC and ethereum.

BuNga_cute

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The moment of the decline of the coin will be when many people sell, maybe it will be used also for them as an opportunity to buy at prices that have gone down and altcoin will rise again after that, I think many altcoins have very good potential

shoreno

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Quote from: kenzawak on March 14, 2019, 07:50:36 AM

It all depends on who is still investing in cryptos. If it's real believers, yeah they'll sell their shitcoins to get BTC.
If it's people who believe they can make easy money with altcoins, some of those coins will survive I guess... until they're sold.
But in the long run, most altcoins will die and BTC will still be there whatever happens.

Not all altcoins are sh*t . a real believer will always include promising alts to his portfolio , therfor i donth think alts will die instantly . one thing that i know is that alts value is verry dependent on bitcoin . so in other words if bitcoin experience a massive bull , theres a high chance that alts will also follow and if ever people sell alts , the value of them drops hard but the dip is still the reason why many users will invest again on them .

Cryptosaja

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It's likely that many people will sell altcoins at the bull market later, especially if the altcoin price is very high, and that will cause the altcoin price to fall again, but we hope the altcoin can fix the price later

kenzawak

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It all depends on who is still investing in cryptos. If it's real believers, yeah they'll sell their shitcoins to get BTC.
If it's people who believe they can make easy money with altcoins, some of those coins will survive I guess... until they're sold.
But in the long run, most altcoins will die and BTC will still be there whatever happens.

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