what about the fate of altcoins if btc drops to 10 dollars? - page 3.

monineklutak

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Quote from: Reatim on April 17, 2023, 11:20:58 PM

Quote from: ivankoh on April 17, 2023, 11:12:53 AM

Quote from: VRExpress on March 15, 2023, 12:15:13 PM

Some altcoins stand on their own, they don't rely on Bitcoin, so if Bitcoin crashed down to 10$ there will surely be some turmoil but Ethereum will switch over to the 1st on coingecko and CMC, many altcoins including Ethereum will lose their value but the strong ones will be cut off from Bitcoin and Bitcoin will die, it will also take a long period of time before things settles.

Well, that sounds like an interesting scenario to be covered by your flowers but I'm not sure it's correct. Bitcoin brought a revolution by blockchain, will the market in ETH easily meet the demand then? Personally, I think the path for bitcoin to drop to $10 is pointless and almost 99% realistic of it will not happen. and we probably wouldn't expect too much in this situation.

if it will going to drop that low then lets admit that the crypto is a nonsense and will die together with bitcoin because what is altcoin if there is no Bitcoin around? because dropping that low means there are no support from the people and there is nothing to continue.
but the good thing is what we do believe and that is 10$ for bitcoin will never happen for sure.

I agree with you that Bitcoin is not going to go that far and I am sure of it,
we need to be patient to see the movement of Bitcoin again,
I think it's only a matter of time to see Bitcoin bounce back and just follow the developments.

Reatim

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Quote from: ivankoh on April 17, 2023, 11:12:53 AM

Quote from: VRExpress on March 15, 2023, 12:15:13 PM

Some altcoins stand on their own, they don't rely on Bitcoin, so if Bitcoin crashed down to 10$ there will surely be some turmoil but Ethereum will switch over to the 1st on coingecko and CMC, many altcoins including Ethereum will lose their value but the strong ones will be cut off from Bitcoin and Bitcoin will die, it will also take a long period of time before things settles.

Well, that sounds like an interesting scenario to be covered by your flowers but I'm not sure it's correct. Bitcoin brought a revolution by blockchain, will the market in ETH easily meet the demand then? Personally, I think the path for bitcoin to drop to $10 is pointless and almost 99% realistic of it will not happen. and we probably wouldn't expect too much in this situation.

if it will going to drop that low then lets admit that the crypto is a nonsense and will die together with bitcoin because what is altcoin if there is no Bitcoin around? because dropping that low means there are no support from the people and there is nothing to continue.
but the good thing is what we do believe and that is 10$ for bitcoin will never happen for sure.

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Quote from: globalpain on April 17, 2023, 11:34:02 AM

Quote from: bitzizzix on April 17, 2023, 08:32:50 AM

Quote from: QueenVera on April 17, 2023, 08:18:04 AM

Quote from: tbterryboy on March 12, 2023, 03:45:22 PM

My guess is that altcoins will also fall drastically and maybe some of them can't handle the impact so they will die (price plungest to zero) and cannot recover anymore but strong altcoins that are at the top can still hold on.

No altcoins can hold on because people will start selling their altcoins due to fear of the whole market crashing and not existing anymore. We'll also have people that'll be looking to accumulate bitcoin so they'll be selling anything that's available to them to ell to get as many Bitcoin as possible because they believe the market will recover.
If this was to happen now, I'll sell everything I have to buy Bitcoin because a bounce usually happens when a market crash like this. The market might be dieing but it'll still have some life of bouncing and then I can sell and wait on how things ends.
Bitcoin holds the cryptocurrency market together, every coins is trading with BTC and if Bitcoin was to fail then we can't have the cryptocurrency market anymore and this will be worst then the altcoins collapse we have witness before.

right, and maybe there are two possibilities, namely when bitcoin goes down people will panic and will sell their altcoins to fiat so that the price goes down and even sinks, and there are also those who will sell their altcoins for bitcoin because this will be a last resort and hope that bitcoin will go up again.
bitcoin greatly affects all altcoins that will move up and down and follow it, if bitcoin is lost then most likely all altcoins will also be lost and there will be no cryptocurrency anymore.

The scenario might be like that but to be honest I don't believe that Bitcoin will go down that far,
when Bitcoin goes up the altcoins also go up and vice versa,
so just imagine if Bitcoin disappears of course it's like the end of the world for crypto.

The scenario is very unrealistic as it does not make much sense for the price of bitcoin to got that low and stop at that level, at that point it would make more sense for the price to go all the way to zero than to remain there, a scenario that is not very likely at all either, taking into account how the adoption of bitcoin is growing each day, and this also means that its price will keep going up during the next months and years.

globalpain

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Quote from: bitzizzix on April 17, 2023, 08:32:50 AM

Quote from: QueenVera on April 17, 2023, 08:18:04 AM

Quote from: tbterryboy on March 12, 2023, 03:45:22 PM

My guess is that altcoins will also fall drastically and maybe some of them can't handle the impact so they will die (price plungest to zero) and cannot recover anymore but strong altcoins that are at the top can still hold on.

No altcoins can hold on because people will start selling their altcoins due to fear of the whole market crashing and not existing anymore. We'll also have people that'll be looking to accumulate bitcoin so they'll be selling anything that's available to them to ell to get as many Bitcoin as possible because they believe the market will recover.
If this was to happen now, I'll sell everything I have to buy Bitcoin because a bounce usually happens when a market crash like this. The market might be dieing but it'll still have some life of bouncing and then I can sell and wait on how things ends.
Bitcoin holds the cryptocurrency market together, every coins is trading with BTC and if Bitcoin was to fail then we can't have the cryptocurrency market anymore and this will be worst then the altcoins collapse we have witness before.

right, and maybe there are two possibilities, namely when bitcoin goes down people will panic and will sell their altcoins to fiat so that the price goes down and even sinks, and there are also those who will sell their altcoins for bitcoin because this will be a last resort and hope that bitcoin will go up again.
bitcoin greatly affects all altcoins that will move up and down and follow it, if bitcoin is lost then most likely all altcoins will also be lost and there will be no cryptocurrency anymore.

The scenario might be like that but to be honest I don't believe that Bitcoin will go down that far,
when Bitcoin goes up the altcoins also go up and vice versa,
so just imagine if Bitcoin disappears of course it's like the end of the world for crypto.

ivankoh

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Quote from: VRExpress on March 15, 2023, 12:15:13 PM

Some altcoins stand on their own, they don't rely on Bitcoin, so if Bitcoin crashed down to 10$ there will surely be some turmoil but Ethereum will switch over to the 1st on coingecko and CMC, many altcoins including Ethereum will lose their value but the strong ones will be cut off from Bitcoin and Bitcoin will die, it will also take a long period of time before things settles.

Well, that sounds like an interesting scenario to be covered by your flowers but I'm not sure it's correct. Bitcoin brought a revolution by blockchain, will the market in ETH easily meet the demand then? Personally, I think the path for bitcoin to drop to $10 is pointless and almost 99% realistic of it will not happen. and we probably wouldn't expect too much in this situation.

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Quote from: QueenVera on April 17, 2023, 08:18:04 AM

Quote from: tbterryboy on March 12, 2023, 03:45:22 PM

My guess is that altcoins will also fall drastically and maybe some of them can't handle the impact so they will die (price plungest to zero) and cannot recover anymore but strong altcoins that are at the top can still hold on.

No altcoins can hold on because people will start selling their altcoins due to fear of the whole market crashing and not existing anymore. We'll also have people that'll be looking to accumulate bitcoin so they'll be selling anything that's available to them to ell to get as many Bitcoin as possible because they believe the market will recover.
If this was to happen now, I'll sell everything I have to buy Bitcoin because a bounce usually happens when a market crash like this. The market might be dieing but it'll still have some life of bouncing and then I can sell and wait on how things ends.
Bitcoin holds the cryptocurrency market together, every coins is trading with BTC and if Bitcoin was to fail then we can't have the cryptocurrency market anymore and this will be worst then the altcoins collapse we have witness before.

I'm also thinking the same. Traders will desperately try to revive bitcoin by selling their altcoins and hope to get a massive profits as they bought bitcoin in a really low price. It's more logical to hold bitcoin in that kind of scenario rather than volatile altcoins. If there is a drastic dump like bitcoin going down up to 10 dollars each, I'm speculating that stable coins will be depegged as traders and normal holders will be rallying in buying those stable coins. Any other altcoins that is not that much relative or has no proper foundation will massively crash into nearly zero value if bitcoin step at that kind of price point. Though I doubt that this kind of scenario will happen Roll Eyes

we are just speculating here..

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Quote from: QueenVera on April 17, 2023, 08:18:04 AM

Quote from: tbterryboy on March 12, 2023, 03:45:22 PM

My guess is that altcoins will also fall drastically and maybe some of them can't handle the impact so they will die (price plungest to zero) and cannot recover anymore but strong altcoins that are at the top can still hold on.

No altcoins can hold on because people will start selling their altcoins due to fear of the whole market crashing and not existing anymore. We'll also have people that'll be looking to accumulate bitcoin so they'll be selling anything that's available to them to ell to get as many Bitcoin as possible because they believe the market will recover.
If this was to happen now, I'll sell everything I have to buy Bitcoin because a bounce usually happens when a market crash like this. The market might be dieing but it'll still have some life of bouncing and then I can sell and wait on how things ends.
Bitcoin holds the cryptocurrency market together, every coins is trading with BTC and if Bitcoin was to fail then we can't have the cryptocurrency market anymore and this will be worst then the altcoins collapse we have witness before.

right, and maybe there are two possibilities, namely when bitcoin goes down people will panic and will sell their altcoins to fiat so that the price goes down and even sinks, and there are also those who will sell their altcoins for bitcoin because this will be a last resort and hope that bitcoin will go up again.
bitcoin greatly affects all altcoins that will move up and down and follow it, if bitcoin is lost then most likely all altcoins will also be lost and there will be no cryptocurrency anymore.

QueenVera

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Quote from: tbterryboy on March 12, 2023, 03:45:22 PM

My guess is that altcoins will also fall drastically and maybe some of them can't handle the impact so they will die (price plungest to zero) and cannot recover anymore but strong altcoins that are at the top can still hold on.

No altcoins can hold on because people will start selling their altcoins due to fear of the whole market crashing and not existing anymore. We'll also have people that'll be looking to accumulate bitcoin so they'll be selling anything that's available to them to ell to get as many Bitcoin as possible because they believe the market will recover.
If this was to happen now, I'll sell everything I have to buy Bitcoin because a bounce usually happens when a market crash like this. The market might be dieing but it'll still have some life of bouncing and then I can sell and wait on how things ends.
Bitcoin holds the cryptocurrency market together, every coins is trading with BTC and if Bitcoin was to fail then we can't have the cryptocurrency market anymore and this will be worst then the altcoins collapse we have witness before.

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Quote from: VRExpress on March 15, 2023, 12:15:13 PM

Some altcoins stand on their own, they don't rely on Bitcoin, so if Bitcoin crashed down to 10$ there will surely be some turmoil but Ethereum will switch over to the 1st on coingecko and CMC, many altcoins including Ethereum will lose their value but the strong ones will be cut off from Bitcoin and Bitcoin will die, it will also take a long period of time before things settles.

hope you are correct but that is not what I am seeing here to happen , better to be ready about that when it happens.

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?

i believe that altcoin may die then , imagine a rank number one coin that valuing over 20k will drop to 10 dollars? what can we expect to those altcoins specially meme coins and other shitcoins?
they will die and never recover Grin

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Quote from: lobo13hf on March 22, 2023, 06:03:11 PM

majority of altcoins are gonna get destroyed for sure, and what I mean by majority is 95% of altcoins because honestly bitcoin dictates heavily in the valuation of altcoins in general.
even the altcoins you think gonna be having promising future.

what does it mean? they will not survive or gonna die? while I support that majority thing , yet destroyed is not that close to happen because many will survive but will not grow as high as expected , meaning that many altcoin will continue to maintain their position or get lower though will continue being used by their supporters in their own way as it was being used.

Quote from: usekevin on April 16, 2023, 06:49:08 PM

Probably it will not happen,if it happens means.The market is crashed fully,the crypto currency will loss his importance among investors.It’s unexpected one from the crypto community,most of the investors in bitcoin holding for the time. Even if the crypto market was crashed, it will not happen in one days.So till that exchange your money from website,the website will give you some time.

crashing happened many times but not that low, hope that this will never happen because there are only 2 option , to be loser or purchase more for further chances.

usekevin

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Probably it will not happen,if it happens means.The market is crashed fully,the crypto currency will loss his importance among investors.It’s unexpected one from the crypto community,most of the investors in bitcoin holding for the time.Even if the crypto market was crashed,it will not happen in one days.So till that exchange your money from website,the website will give you some time.And bitcoin will not reduce to 10$ at any sense,because people holding billions of dollars in the form of crypto currency.So they never allow this to happen at any circumstance.Hold the crypto currency till it was alive in the market.

el kaka22

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What happens if it becomes 150 trillion dollars per bitcoin? Think about it, what if tomorrow you wake up and 1 bitcoin equals to 150 trillion dollars, what would happen to alts in that case? I would guess that one ethereum would be at least couple trillion dollars at least. Why am I saying something that makes absolutely no sense at all?

Because, OP asked something that makes absolutely no sense at all as well. Bitcoin will not be 10 dollars, it used to be 10 dollars but it will never be 10 dollars ever again, those days are gone and will never come back again. Why do people keep on considering and talking about these things as if it could ever happen, it won't and there is absolutely no need for this type of discussion.

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Quote from: libert19 on April 14, 2023, 10:02:10 PM

Such scenarios are better off left to moment when they happen, I find these speculations futile. We might predict outcomes based on our present limited knowledge however things could be vastly different when that actually happens.

Yes it is too wild speculation and I am sure Bitcoin will not go down that far,
I am realistic because the value of Bitcoin is still high and there is no doubt about it,
It's better to make it clearer, we just follow the progress.

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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?

If bitcoin drops to $10, then you can officially say that crypto is dead. Since crypto won't die any time soon (probably never), then bitcoin will never drop to $10. Bitcoin going down to $10 would kill every alt out there. The exchanges will go bankrupt, lots of other businesses will go bankrupt, hell I think some retirement funds will go bankrupt too. It would be catastrophic. Bitcoin is too big to fail now. The government will have to bail out everybody if something like that starts happening. This is no joke. Millions of people will suffer.

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Such scenarios are better off left to moment when they happen, I find these speculations futile. We might predict outcomes based on our present limited knowledge however things could be vastly different when that actually happens.

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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.

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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?

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.

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Quote from: Abiky on April 11, 2023, 11:00:10 AM

Quote from: DOH! on March 25, 2023, 11:12:23 AM

The theory that bitcoin drops to $10 or some conspiracy theories about bitcoin to zero are unrealistic and completely unfounded. Instead of worrying about it, we can expect more of a recovery and put our faith in bitcoin. Bitcoin and altcoins have strong correlations and dependencies. Therefore, assuming that happens, altcoins will still survive but decline in value and even become unsustainable.

The only ones who want Bitcoin to go down as low as $10 are haters (eg: banks, governments, etc.). The rest of the people simply want BTC to go all the way to the moon. It's highly-unlikely Bitcoin will decline to such low prices, when it's widely-known to the public. Not only that, but demand remains high while supply is capped at 21m units (added scarcity). If BTC goes down, you can expect altcoins to go down with it too. After all, they follow Bitcoin's "footsteps".

By the time BTC goes to $10 (very unlikely) most of the altcoins will simply disappear. That's because they depend on Bitcoin to survive. Let's all focus on buying and "holding" BTC, as the best is yet to come. Just my thoughts Grin

True, long term holders can appreciate a dip from time to time in order to get more bitcoin for their dollars, but no one wants to see bitcoin going that low, after all something really catastrophic will need to happen for such a price to even be a possibility, and I simply do not think this is possible anymore, so if anyone is out there thinking about waiting for this to happen so they can buy some cheap bitcoin, they should give up right now or otherwise they will never buy any bitcoin.

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Quote from: DOH! on March 25, 2023, 11:12:23 AM

The theory that bitcoin drops to $10 or some conspiracy theories about bitcoin to zero are unrealistic and completely unfounded. Instead of worrying about it, we can expect more of a recovery and put our faith in bitcoin. Bitcoin and altcoins have strong correlations and dependencies. Therefore, assuming that happens, altcoins will still survive but decline in value and even become unsustainable.

The only ones who want Bitcoin to go down as low as $10 are haters (eg: banks, governments, etc.). The rest of the people simply want BTC to go all the way to the moon. It's highly-unlikely Bitcoin will decline to such low prices, when it's widely-known to the public. Not only that, but demand remains high while supply is capped at 21m units (added scarcity). If BTC goes down, you can expect altcoins to go down with it too. After all, they follow Bitcoin's "footsteps".

By the time BTC goes to $10 (very unlikely) most of the altcoins will simply disappear. That's because they depend on Bitcoin to survive. Let's all focus on buying and "holding" BTC, as the best is yet to come. Just my thoughts Grin

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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?

It won't happen in a day, but if it did, it would mean something catastrophic had happened and no crypto would survive. Since bitcoin is a shining example of an unstoppable cryptocurrency that could fall to the ground, others will follow. Because if bitcoin can't survive, I can't imagine why anyone else can survive.

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