what about the fate of altcoins if btc drops to 10 dollars?

Doan9269

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Quote from: Charmekkd on March 11, 2023, 06:29:13 PM

we will not know for the price of bitcoin in the future, and I just want to know what you think, about the question this time that I will ask you all, namely..
what will happen to altcoins if btc price drops to 10 dollars?

Not again, this is what i know that bitcoin will not come to as low as that again, and yet if the worst happened that it goes as this low it will not die but rather rise back, that's why we believe in it because it's a volatile cryptocurrency, bitcoin is the leading crypto also you wouldn't imagine what other cryptocurrencies will turn if such should happen, many would have busted into scam and totally fall without recovery, bitcoin will always maintain it relevance by always rising whenever it falls, this is some of the things you cannot be sure of in other cryptocurrencies that they will rise when they fall.

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Quote from: WalkerIVIV on May 21, 2023, 05:03:02 PM

at first surely it will have massive impact, but I think there will be some resistance coming from second best coin that is ethereum to stand in its own and don't just follow bitcoin path into doom.
maybe ethereum could take its place but honestly all the scenario here is all speculation we just don't know how things will unfolds.

It's all about speculation because basically no one knows what it's going to be like,
I think only time can answer it so there is no other choice but to continue to follow its developments,
regardless I am sure that Bitcoin will not go down that far.

Rupok

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Quote from: Charmekkd on March 11, 2023, 06:29:13 PM

we will not know for the price of bitcoin in the future, and I just want to know what you think, about the question this time that I will ask you all, namely..
what will happen to altcoins if btc price drops to 10 dollars?

BTC will never drop below $10, though just what you want to know. So I would say altcoins will also suffer severely and many altcoins will die. Also the altcoin utility will decrease a lot,Investing long-term in altcoins, meme coins carries a high degree of risk.So the number of long-term investors will also decrease and people will slowly move away from cryptocurrencies. Although I have no idea about the future, I can guess. We know Bitcoin is a famous currency and very soon Bitcoin price will increase by 2024. Hopefully the altcoins will be in a good position then.

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Quote from: Charmekkd on March 11, 2023, 06:29:13 PM

(.....)
what will happen to altcoins if btc price drops to 10 dollars?

For sure altcoins will drop to the lowest price of them, like -99.9% lost.
But for some people, it could be an opportunity if Bitcoin drops to 10 dollars, because most of people altcoin follows Bitcoin and I believe the percentage of dump on altcoins is higher to Bitcoin everytime Bitcoin dumps.

WalkerIVIV

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at first surely it will have massive impact, but I think there will be some resistance coming from second best coin that is ethereum to stand in its own and don't just follow bitcoin path into doom.
maybe ethereum could take its place but honestly all the scenario here is all speculation we just don't know how things will unfolds.

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A significant drop in Bitcoin's price to $10 would likely have a negative impact on altcoins, causing their prices to decrease as well. The cryptocurrency market is highly interconnected, and Bitcoin's price movements often influence the broader market. However, each altcoin may respond differently based on its own unique characteristics. Diversification and staying informed are key in navigating the cryptocurrency market.

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Quote from: kevindjunaidi on May 12, 2023, 02:49:03 PM

Quote from: Charmekkd on March 11, 2023, 06:29:13 PM

we will not know for the price of bitcoin in the future, and I just want to know what you think, about the question this time that I will ask you all, namely..
what will happen to altcoins if btc price drops to 10 dollars?

the price of Bitcoin is unlikely to be $10, but if it does, then of course it will be the end of cryptocurrency, so I'm sure all altcoin will definitely not survive (die) and of course there will be no investors who believe to investing in Bitcoin and altcoin (cryptocurrency) anymore (be the end of cryptocurrency).

A joke that will make investors go crazy and not believe what will happen later. but it makes sense that Bitcoin is coming back at $10 and I can't imagine the look on every investor's face with the amount of money they have invested. but that's impossible because Bitcoin will continue to get changes with different benefits.

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Quote from: Charmekkd on March 11, 2023, 06:29:13 PM

we will not know for the price of bitcoin in the future, and I just want to know what you think, about the question this time that I will ask you all, namely..
what will happen to altcoins if btc price drops to 10 dollars?

the price of Bitcoin is unlikely to be $10, but if it does, then of course it will be the end of cryptocurrency, so I'm sure all altcoin will definitely not survive (die) and of course there will be no investors who believe to investing in Bitcoin and altcoin (cryptocurrency) anymore (be the end of cryptocurrency).

RussianEnglishTranslation

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Quote from: Charmekkd on March 11, 2023, 06:29:13 PM

we will not know for the price of bitcoin in the future, and I just want to know what you think, about the question this time that I will ask you all, namely..
what will happen to altcoins if btc price drops to 10 dollars?

Altcoins will fall drastically but then XRP will take Bitcoin's place and everything will repeg to stablecoins and XRP.

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Quote from: Yamifoud on May 01, 2023, 05:08:13 AM

Quote from: Teraboy on April 26, 2023, 06:50:54 PM

let alone about the fate of altcoins, i think so many people out there are gonna be homeless, many company are gonna go bankrupt because many right now are diversifying their portfolio heavily in bitcoin so it losing its value to the point that there's only 10 dollars left would be massive disaster. it's gonna be the same if stock market are having heavy decrease in value.

But don't ever think that will happen to the investors because they surely leave the marker before it happens. So, if ever the price of Bitcoin drops to its dying price, we also have nothing to expect from altcoins (any from them) to survive as people had dumped it already until the come has come that nobody is buying anymore.

But it was just a sort of market assumption, it can be right or wrong. We never know what really awaits us in the future, 10 years, 20 years from now, perhaps we don't have any clue about it.

I doubt everyone will leave the market honestly I think such thing willnever occured, let alone 10 dollars, even at 100 dollars i'd invested even my home for bitcoin thinking it would most certainly reach its former value again, bitcoin right now has reached its equilibrium in which aren't gonna stoop that low ever again.

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Quote from: Yamifoud on May 01, 2023, 05:08:13 AM

Quote from: Teraboy on April 26, 2023, 06:50:54 PM

let alone about the fate of altcoins, i think so many people out there are gonna be homeless, many company are gonna go bankrupt because many right now are diversifying their portfolio heavily in bitcoin so it losing its value to the point that there's only 10 dollars left would be massive disaster. it's gonna be the same if stock market are having heavy decrease in value.

But don't ever think that will happen to the investors because they surely leave the marker before it happens. So, if ever the price of Bitcoin drops to its dying price, we also have nothing to expect from altcoins (any from them) to survive as people had dumped it already until the come has come that nobody is buying anymore.

But it was just a sort of market assumption, it can be right or wrong. We never know what really awaits us in the future, 10 years, 20 years from now, perhaps we don't have any clue about it.

I think looking at the past, we can say that the future doesn't really hold 10 bucks, it could go up and I have no idea how much so I agree that we do not know what will happen, but I do not think that it will go down. We are not aware of how much it can go up but at least be aware that it will go up, that part is true and doable.

I am definitely looking into it like it is going to be an easy issue or a hard one, but at the same time it will take a while before it could go higher and hard. This is why it is important to make a deduction from this, it should not be that difficult. I believe that we could probably reach to a level where it may take some time to reach six digits, but that is the direction I think we are taking at the moment.

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Quote from: Charmekkd

we will not know for the price of bitcoin in the future, and I just want to know what you think, about the question this time that I will ask you all, namely..
what will happen to altcoins if btc price drops to 10 dollars?

Don't forget that whenever the price of Bitcoin is dropping other altcoins price will be dropping too, which many traders are aware of that and it will be difficult for the price of altcoins to increase higher more than Bitcoin. I don't think, it will be possible for the price of Bitcoin to decrease to $10,000 because the price has increased to $28,321 few hours ago which there is a hope that the price will increase higher in this season to hit $40,000 before the end of next month. If you are part of those traders waiting for the price to drop down to $10,000 before they can buy, I think it will be difficult for them to see such opportunity in the market again.

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Quote from: Abiky on May 01, 2023, 11:30:56 AM

Quote from: poodle63 on April 26, 2023, 09:22:06 PM

BTC dead altcoin dead. BTC up altcoin makes only slightly movement. All of altcoins may be dumped to the all time low. Bitcoin is the key for altcoin to increase, if bitcoin is failing to increase and altcoin will be following it too.
I meant we must also aware about how strong bitcoin right now. Impossible for btc to be dumped so hard.

BTC has come a long way since day one. You can't expect it to lose value overnight. $10 is way too low for a scarce cryptocurrency such as BTC. If that happens, it would mean people have abandoned the cryptocurrency for good. So far, there hasn't been any indication that mainstream adoption for BTC is declining. On the contrary, adoption is on the rise even during these times of crisis (COVID-19 pandemic, inflation, Russo-Ukraine war, etc).

I'm pretty sure BTC will reach a new ATH in a few years from now. Since altcoins follow BTC's "footsteps", they will lose value big time if the "King of Crypto" goes all the way down to $10. But again, that will never happen because of the reasons mentioned before. Let's all sit back and enjoy the ride as BTC sets course to take over the world. Just my thoughts Grin

For have some assumption then it would be understandable that it would really be having that free fall on that case if ever it would happen but as just said its been that close to impossible for it to happen unless if t there would be some huge major exploit on bitcoins chain on which transactions could be reversed or something that in connection about its anonymity or decentralization then it would really crash to the ground.

People's confidence towards it would really be wiped out but of course we do know that if there's something been kicked out in place then there's always that someone or something who would really be taking the
spot or position. In according to the trend if this happens about 10 bucks per btc then all altcoins would be crashing, just like i said earlier that confidence and trust to the market
would be totally devastated on which it would be coming to a point that crypto market would be a shithole.

Well, i cant just comprehend if ever this thing do happens, lets just accept on whats the reality we are facing now.

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Quote from: poodle63 on April 26, 2023, 09:22:06 PM

BTC dead altcoin dead. BTC up altcoin makes only slightly movement. All of altcoins may be dumped to the all time low. Bitcoin is the key for altcoin to increase, if bitcoin is failing to increase and altcoin will be following it too.
I meant we must also aware about how strong bitcoin right now. Impossible for btc to be dumped so hard.

BTC has come a long way since day one. You can't expect it to lose value overnight. $10 is way too low for a scarce cryptocurrency such as BTC. If that happens, it would mean people have abandoned the cryptocurrency for good. So far, there hasn't been any indication that mainstream adoption for BTC is declining. On the contrary, adoption is on the rise even during these times of crisis (COVID-19 pandemic, inflation, Russo-Ukraine war, etc).

I'm pretty sure BTC will reach a new ATH in a few years from now. Since altcoins follow BTC's "footsteps", they will lose value big time if the "King of Crypto" goes all the way down to $10. But again, that will never happen because of the reasons mentioned before. Let's all sit back and enjoy the ride as BTC sets course to take over the world. Just my thoughts Grin

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Quote from: Teraboy on April 26, 2023, 06:50:54 PM

let alone about the fate of altcoins, i think so many people out there are gonna be homeless, many company are gonna go bankrupt because many right now are diversifying their portfolio heavily in bitcoin so it losing its value to the point that there's only 10 dollars left would be massive disaster. it's gonna be the same if stock market are having heavy decrease in value.

But don't ever think that will happen to the investors because they surely leave the marker before it happens. So, if ever the price of Bitcoin drops to its dying price, we also have nothing to expect from altcoins (any from them) to survive as people had dumped it already until the come has come that nobody is buying anymore.

But it was just a sort of market assumption, it can be right or wrong. We never know what really awaits us in the future, 10 years, 20 years from now, perhaps we don't have any clue about it.

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Quote from: goaldigger on April 14, 2023, 10:31:14 AM

Quote from: lienfaye on April 14, 2023, 03:49:58 AM

Quote from: Charmekkd on March 11, 2023, 06:29:13 PM

we will not know for the price of bitcoin in the future, and I just want to know what you think, about the question this time that I will ask you all, namely..
what will happen to altcoins if btc price drops to 10 dollars?

It's likely the price of altcoins will also fall as most alts are influence by Bitcoin's price. So if the price of Bitcoin plunged to $10 then alts will also follow.

Anyway why did you ask? Do you think Bitcoin will drop to $10? With the current standing of Bitcoin now (adoption and increasing number of investors) I don't think the price will drop to such price. We don't know what lies ahead but i'm positive that there's still more to look forward.

If Bitcoin goes back to that price level, then I'm sure something is wrong with the economy and there's a crisis everywhere, in short it will be worst.
Altcoins still depend on Bitcoin, the market exposure of Bitcoin is still huge and that can totally affect he trend of altcoins. Let's think positive here and let's hope that we have this Bitcoin now where it can give us freedom, a real currency and not being controlled by any government, Bitcoin should not come back to this price level.

So when other cryptos crash, it has to do with the economy? I bet no. They crash because they experience a problem. Some crises can indirectly affect BTC making its value fell or became stable because people might not have a money on them and the only solution they can think of is their BTC but it does not lead to a point where BTC fall that low. I think that is because the crises are already solved.

People does not sit and wait but they also do an action to speed up their recovery. Alts can sometimes depend on BTC but there are times where they can go on their own too. We already have a BTC and it gives us a freedom the way we use it a currency. If you mean freedom in terms of profits. well you will need to buy and hodl hard for that.

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Quote from: globalpain on April 25, 2023, 12:40:20 PM

of course the fate of altcoins will also die because Bitcoin will also die if it happens,
but I don't think that will happen because Bitcoin and Blockchain are part of future technology and you can see the history of the price of Bitcoin,
yes Bitcoin is very strong and never goes down to All Time Low!.

surely current market capitalization of bitcoin make it hardly goes that low, even if it reaches $100 so many already ready to bag this coin but it's just talking about possible scenario and this one is also possible, i think overall bitcoin hitting $10 is marks the end of cryptocurrency reigns, effectively, all other altcoin gone to dust and vanish.

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There are some altcoins that does not depend in bitcoin so I believe that some investors and users will convert their transacting if they start losing trust in bitcoin as what your scenario is asking.

but for me? most of altcoin may lose more than how bitcoin losses its momentum.

and hoping that before it happened? i already sold my coins for not losing so much.

Quote from: Zanab247 on March 17, 2023, 12:53:47 PM

If such thing happen to BTC, I guess altcoins will take the place of BTC because altcoins team will use that period to prove to people that altcoins can pump higher without BTC in the market. But I don't think BTC price can fall to $10 this year because people have experienced 17k last year that made some to wait if the price will reach$10k before they can buy BTC, and the price moved to $20k in the month of December 2022. BTC teams are very ready to make sure the price of BTC reach $50k before the end of next month which the price has moved to $26k to encourage investors to invest more on BTC than altcoins.

really? do you think this is possible? altcoin taking over what bitcoin did not attain and produce?

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Quote from: raidarksword on April 26, 2023, 01:44:12 AM

BTC falling to that level price will surely will kill the atcoins with that, it may hard to recover if that to happen though this is just an assumptions so it's safe to say that bitcoin will continue to set to high price in the futures to come hence bitcoin has a limited supply and it will become more scarce in the near future.

BTC dead altcoin dead. BTC up altcoin makes only slightly movement. All of altcoins may be dumped to the all time low. Bitcoin is the key for altcoin to increase, if bitcoin is failing to increase and altcoin will be following it too.
I meant we must also aware about how strong bitcoin right now. Impossible for btc to be dumped so hard.

Teraboy

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let alone about the fate of altcoins, i think so many people out there are gonna be homeless, many company are gonna go bankrupt because many right now are diversifying their portfolio heavily in bitcoin so it losing its value to the point that there's only 10 dollars left would be massive disaster. it's gonna be the same if stock market are having heavy decrease in value.

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