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Topic: what about the fate of altcoins if btc drops to 10 dollars? - page 4. (Read 811 times)

legendary
Activity: 2534
Merit: 1338
maybe 80% - 90% of altcoin will disappear and of course I will sell all my assets that I have (house, car and land) to buy Bitcoin, because I believe that Bitcoin is currency of the future, so in the future all transactions in the world are certain using Bitcoin, because transactions between countries using Bitcoin are very fast and cheap compared to banks.
I think the very first thing that comes to my mind is why bitcoin could experiment a drop of 99.6% on its price? If this happened then almost all altcoins will disappear with the exception of those which have a use case, also I doubt that during that time there will be a lot of people willing to buy bitcoin as they will be incredibly afraid that whatever investment they make could turn into dust, that being said I do not think this scenario will ever happen and it is not realistic at all.
full member
Activity: 1470
Merit: 105
👉bit.ly/3QXp3oh |🔥Launchpad on TON
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?

maybe 80% - 90% of altcoin will disappear and of course I will sell all my assets that I have (house, car and land) to buy Bitcoin, because I believe that Bitcoin is currency of the future, so in the future all transactions in the world are certain using Bitcoin, because transactions between countries using Bitcoin are very fast and cheap compared to banks.
sr. member
Activity: 1988
Merit: 254
PredX - AI-Powered Prediction Market
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?
Indeed, since I started knowing and learning about this market, I have never imagined this, especially in recent years, there is no reason for me to imagine this.
But anyway any speculation is possible even if the possibility is very small, I can personally speculate that it could be the end of the world Smiley
At that time, no one will care about the economy, and crypto prices can fall so deeply, and based on the long-standing relationship between btc/altcoin, I think almost all altcoins will be worthless. .
jr. member
Activity: 93
Merit: 4
there is little possibility for the price of bitcoin to fall to $ 10 considering that there are so many enthusiasts of bitcoin. With a limited amount, it will never happen.  The influence of bitcoin is very large on other coins because most altcoin prices are based on bitcoin.  It is unimaginable how many companies will go bankrupt if this happens.
hero member
Activity: 2030
Merit: 578
No God or Kings, only BITCOIN.
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.
It will remain a theory but there could be possible scenario where it could reach that valuation again but that's too farfetched. It's a very speculative asset so people are speculating the unthinkable but on my own point of view, it will never get there again and for sure those who wait for that will just get old or be gone in this world before it happens.
full member
Activity: 812
Merit: 108
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.
full member
Activity: 783
Merit: 108
A drop in bitcoin to $10 would be an extremely unusual event and hardly possible in reality. But if we assume that such a drop occurs, then altcoins will also suffer significant losses, since Bitcoin is the main cryptocurrency and the basis for trading other cryptocurrencies. If bitcoin falls to such a level, it could lead to a general collapse of the cryptocurrency market, including altcoins.
However, it should be noted that cryptocurrencies are highly volatile and the market can change rapidly in response to news and events. Therefore, it is impossible to accurately predict what will happen to altcoins in this case.
It is understandable to speculate on these things here, we can think of the most absurd things, but it is not necessary to agree with such a view.
Assuming BTC will drop to $10 with the current market conditions and context, I think it will be a disaster for the economy in general and this market is only a small part. And then altcoins will no longer care about them with things that are no longer worth using.
legendary
Activity: 3108
Merit: 1029
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..
Better if you are starting to read some worthy articles in internet about the failed of altcoins. You may able to find some cases related to the altcoins that were failing to the ground even though bitcoin was still pricing so high. FTX, Terra luna, and many more given us very good lessons about the fact that if it doesn't even need altcoins waiting for bitcoin to be failed.

1 or 2 mistakes by the developers or owner are enough to destroy everything that related to that token.

what will happen to altcoins if btc price drops to 10 dollars?
Im sure you know answer for what you have been asking above. It seems like it's not necessary to answer that caused by that questions could even be answered by a kid. What a non sense question.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
It wouldn't happen in a day, but if that would happen, it would mean something catastrophic had happen and no crypto would survive it.
As bitcoin is a shining example of unstoppable cryptocurrency and that could be crashed to the ground, others would follow. Because if bitcoin couln't survive, i can't imagine why others would.
Hell others crash 70 - 90% when bitcoin drops 50%, some of them even die because of the panic.

No altcoin can move on its own regardless of Bitcoin's market prices, especially when they depend on it to survive. The problem is that the crypto market relies on BTC as its reserve currency. After all, each crypto exchange has at least one BTC trading pair. Not ETH, or any other altcoin for that matter. So if BTC goes down to $10, most altcoins would simply go all the way down to $0.

Who cares about this when 99.9% of altcoins are centralized? BTC is where the money is. It's the "Father of Blockchain tech", which means that it's highly-likely BTC will survive for generations. I'd suggest you only invest in altcoins if you have extra money to "play with". Otherwise, "stick" with Bitcoin for better returns in the long run. Just my opinion Smiley
member
Activity: 938
Merit: 13
Tontogether | Save Smart & Win Big
A drop in bitcoin to $10 would be an extremely unusual event and hardly possible in reality. But if we assume that such a drop occurs, then altcoins will also suffer significant losses, since Bitcoin is the main cryptocurrency and the basis for trading other cryptocurrencies. If bitcoin falls to such a level, it could lead to a general collapse of the cryptocurrency market, including altcoins.
However, it should be noted that cryptocurrencies are highly volatile and the market can change rapidly in response to news and events. Therefore, it is impossible to accurately predict what will happen to altcoins in this case.
full member
Activity: 826
Merit: 104
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?
In another article I just expressed that thinking the market will soon have a huge capitalization, here we are speculating about a crash scenario.
If I don't want to get you wrong, or you want me to understand 1 btc = $10 = 1 luxury apartment, I'd probably think this was the downfall. Perhaps we will see a lot of altcoins disappear and the market will have less interest in it.
hero member
Activity: 2268
Merit: 507
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.
legendary
Activity: 3010
Merit: 1156
Leading Crypto Sports Betting & Casino Platform
It wouldn't happen in a day, but if that would happen, it would mean something catastrophic had happen and no crypto would survive it.
As bitcoin is a shining example of unstoppable cryptocurrency and that could be crashed to the ground, others would follow. Because if bitcoin couln't survive, i can't imagine why others would.
Hell others crash 70 - 90% when bitcoin drops 50%, some of them even die because of the panic.
legendary
Activity: 2338
Merit: 1084
zknodes.org
When Bitcoin is worthless and drops to $10, what else can one expect from an Altcoin. It will impact all ecosystems in crypto, all will be destroyed. But maybe there will only be a few who start to rise.
But to think that bitcoin will ever reach a price of $10, that would be an impossible delusion at this time. We see that bitcoin has a very fast growth from the beginning bitcoin was worthless until today.
Don't expect $10, when BItcoin drops to $1000 I will invest all my treasure into Bitcoin if it does happen. There is no second chance to get Bitcoin at a very cheap price.
sr. member
Activity: 1316
Merit: 254
Sugars.zone | DatingFi - Earn for Posting
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?
Just like doing probability math we can predict for the future, there is a lot of speculation about the price but OP gives everyone such a thought.
That's okay, we're here to speculate on everything about the market, I think $10 in BTC would mean a bunch of altcoins would then be of little or no value. And such a low-value market will no longer care, because its past price indicates a collapse.
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
Then ETH could be $1 or within that threshold, why? For simplicity's sake. I find it funny how you came up with the idea of ​​$10, I don't understand what to ask. Anyway, the ratio between btc/altcoin has always existed just how accurate and likely it is. And now that we are approaching important milestones in the market, before the volatility of the past time, prepare yourself to seize the opportunities that the market brings in the future.

ETH going all the way down to $1 is impossible. The same thing can be said about BTC going down to $10 per coin. But if it happens, most of the altcoins will die because they depend on these two cryptocurrencies alone (BTC and ETH) to survive. After all, Bitcoin and Ethereum dominate most of the crypto market. The only way this will materialize is if governments around the world ban crypto/Blockchain tech for good. Mainstream adoption will decline, leading towards lower market prices in the long run.

Altcoins often come with higher risks than Bitcoin alone, so I'd suggest you diversify your investment to protect yourself against a massive decline in market prices. No one can predict the future so we can only hope for the best. Just my opinion Smiley
full member
Activity: 824
Merit: 104
PredX - AI-Powered Prediction Market
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 don't understand why you're thinking of this, and ask yourself if it's possible given the current situation.
I think now just the price of BTC in the range of $1000 - $1000 is too low in terms of potential that we still mine BTC every day.
Anyway, it happens, I hope you will continue to accompany the market, and ask you this if the price of BTC drops to the price you expect, will you still invest in crypto?
sr. member
Activity: 1344
Merit: 264
bit.ly/3QXp3oh | Ultimate Launchpad on TON
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?
Then ETH could be $1 or within that threshold, why? For simplicity's sake. I find it funny how you came up with the idea of ​​$10, I don't understand what to ask. Anyway, the ratio between btc/altcoin has always existed just how accurate and likely it is. And now that we are approaching important milestones in the market, before the volatility of the past time, prepare yourself to seize the opportunities that the market brings in the future.
full member
Activity: 1190
Merit: 105
PredX - AI-Powered Prediction Market
We're probably pretty excited about this, for me since I found out about the lowest price market I've ever seen on TV so many years ago and at the time I just saw it as a kind of thing. illegal money that criminals use a lot.
And you can see now how things have changed about this market, at least in my opinion to bring BTC down to that price is unthinkable. And by value, the market capitalization then was only about $1B, with such a small scale, it will be compatible with the size of small and medium industrial parks Smiley , I believe that altcoins will not have much reason to buy at that time developers as well as users interact with each other.
full member
Activity: 1358
Merit: 207
Catalog Websites
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.
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