what about the fate of altcoins if btc drops to 10 dollars? - page 5.

someone703

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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?

Waste of time thinking about the problem of no return, when people dream of material value that it will go up OP is thinking downward. Theoretically it's not possible until now, if this happens give me some more specific cases. As for the hypothesis from the OP, I think there is a good answer, look again then the BTC swap capital is not even equal to 1 person's money so why do we care about it.

Reatim

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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 the problem is this, will those investors continues to keep their coins knowing that the market is dumping?

like me , if I see bitcoin drops to 1k again? do you believe that I will keep holding my altcoins?

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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.

surely bitcoin will die?

the whole market will die if this happens mate , trust me it will happen.

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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 BTC drops to such a low price (which I doubt it), altcoins will become "worthless". Many of them will die, leaving us with only a few players such as Ethereum and Litecoin. Crypto/Blockchain tech is just getting started, so I wouldn't hope for a major downfall in market prices in the time being. It could take decades, if not centuries, before BTC and altcoins drop all the way down to "rock bottom".

I'd focus on filling my "pockets" with prominent coins at a discount, to sell them at a profit during the next bull market. Don't expect much from altcoins, especially when they aren't as comparable to Bitcoin in terms of decentralization, and censorship-resistance. They're just experimental grounds for Bitcoin which is the real deal. Who knows how long altcoins will last? Just my opinion

Jody.Drummer

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As we know so far that altcoin prices always follow wherever Bitcoin prices go. And if bitcoin goes to $10 then chances are that many of the altcoins won't be able to survive that drop. But who cares that even I never saw it could happen (bitcoin dropped to $ 10), even when bitcoin goes down, then those big investors will immediately come in and make the price of bitcoin pump up again.
To be honest, I personally didn't think of anything like this before, because I didn't think bitcoin would touch that price. I never imagined that someone who had an early dislike of bitcoin would laugh at the drop.

n0ne

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The crypto market is completely dependent over the bitcoin. The movement of bitcoin will be followed by the altcoins, so failure of bitcoin will cause altcoins to fail. Some centralised altcoins will be manipulated and kept at a better position. For now there is no need of discussing about such an instance, because it is assured that bitcoin never reaches down to such a value based on theoretical calculations. In realtime we don't know, because it is the only asset that have the ability to bounce from $20k to $26k in a single day.

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It's impossible for Bitcoin to drop to $10, as it is highly unlikely that the market cap would ever decrease that much. However, where Bitcoin did drop to $10, it would likely cause a major sell-off in the entire cryptocurrency market, including altcoins. This is because Bitcoin is the most dominant cryptocurrency and often sets the tone for the rest of the market. In a bearish market, altcoins tend to follow the same downward trend as Bitcoin, leading to a decrease in their prices. However, it's important to note that the exact impact on altcoins would depend on their individual projects, adoption, and market sentiment.

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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?

Of course, I don't want to think about it but if that really happens, I don't expect that all altcoins have value as well. Because as we notice that altcoins and these shitcoins are heavily affected when the market is down. When the price of Bitcoin got huge corrections, everything is about to follow and the market turned red. And that $10 price of Bitcoin is enough to see the majority of the altcoins are already dead.

But for me, it was an unforeseeable scenario of the market. Bitcoin won't drop like that unless it was the end of the crypto world where nobody has an interest in this.

VRExpress

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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.

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Quote from: Unbunplease on March 12, 2023, 04:23:34 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?

If bitcoin falls to $10, we cannot rule out the case that one of the altcoins will take its place and the other altcoins will become independent. It is also possible that in that case bitcoin will become similar to stablecoin. Therefore, I would not categorically state that if bitcoin falls to 10 dollars altcoins will die.

Additionally, if the altcoins stay afloat, they may be under bitcoin in price, and may be under $1 or even far below. the worst condition is that many altcoin projects have gone bankrupt and maybe only a few altcoins have survived, that's because many holders might sell their assets when the price hasn't gotten very low. Anything can happen, but I still firmly believe that bitcoin will have a higher price than its current price in the future.

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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?

Altcoin will follow the direction of the bitcoin movement. And if BTC drops to $10, there will be a lot of altcoins that can't survive and it's probably a massive purge that could happen in the market. And only the altcoins that can provide benefits will survive in that situation while the others will disappear from the list of coins on the exchange.

But it will bring a huge riot in the market because many people can't bear to see that happen and may choose to sell their bitcoins quickly to save their assets. This time, they wouldn't have thought that bitcoin could bounce back and break even higher. And hopefully, that will never happen in the future.

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Quote from: Scripture on March 14, 2023, 06:31:10 PM

Altcoins will not survive, simple as that because that can be a worst market and a big crisis for sure and maybe many people will also not survive out of that crisis. Bitcoin should remain strong and remain the standard of cryptomarket, let’s not overthink for this and see Bitcoin as one of the best currency today that we should value more. Looking forward for the next five years of Bitcoin, I’m sure it will be a great market again.

if that crisis happened maybe you are correct that every altcoin will fall hard or if not died because the bottom line here is that Bitcoin is the basis of all cryptocurrency to move one , if it falls we see market reddish and if grows then the market greenish , so how come that it will not happened to any altcoins once the price drops that badly.

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isn't it obvious even at the slightest correction altcoins already losing so much of its value, you think if btc drops below $10 alts will be unscathed that's certainly not the case with this, $10 means all the funds are going out of the whole market, you will expect massive.

yups that is what we can find in the market and will continues to see.

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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?

If Bitcoin drops to $10, it is like $LUNA dropped from $100 to $0.00001 in May 2022.

In bear market, altcoins usually lose more than 90% or 99.9% of their highest prices in previous bull market. If a market has a day when Bitcoin drops to $10, more than 90% of altcoins will die.

Even in better market, in normal bear market, there are thousand of altcoins die each year.
How many cryptocurrencies have failed? is a good insight report from Coingecko but their report does not give anything new. We all know about this fact with altcoins.

Top altcoins can die too or lose most of their all time high prices according to Historoical snapshots

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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?

why it seems that I kept seeing thread now created about the faith of Altcoins towards the changes of bitcoin price movement.
wondering if people who trust shitcoins nowadays are turning in to bitcoin ?

10 dollars bitcoin? meaning altcoin is dead by then lol.

if bitcoin comes to fall that low , so what about Ethereum? it may cost at least a centavos per piece?

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Quote from: Ludmilla_rose1995 on March 14, 2023, 04:22:07 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 worst case scenario is that the price of altcoins will be greatly crushed, and as far as I'm concerned none of the altcoins have their own price control, all depend on bitcoin so even if you are an altcoin investor, you also have to invest in bitcoin.

for bitcoin to dump that low means people lose hope and trust to crypto so what would other fate are you asking here mate because it is obvious that by then crypto is dying and that is the beginning of the end for cryptocurrencies .
I am not sure about all altcoins but for sure even top altcoins will fall so bad if not to die.

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isn't it obvious even at the slightest correction altcoins already losing so much of its value, you think if btc drops below $10 alts will be unscathed that's certainly not the case with this, $10 means all the funds are going out of the whole market, you will expect massive collapses of many investment company and majority of altcoins which also holds reserve in form of bitcoin, turning into dust and cease to exist basically vanish into oblivion.

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Altcoins will not survive, simple as that because that can be a worst market and a big crisis for sure and maybe many people will also not survive out of that crisis. Bitcoin should remain strong and remain the standard of cryptomarket, let’s not overthink for this and see Bitcoin as one of the best currency today that we should value more. Looking forward for the next five years of Bitcoin, I’m sure it will be a great market again.

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certainly majority of altcoins gonna turns zero, bitcoin drops to 10$ is basically a doomsday it's easy to say that the whole market is done for, many that invested are turning bankrupt and it will start crisis i think, but one most important thing is that majority of altcoins are just gonna outright lost their value because many are panicking and massive selling gonna be occurring and at such event, altcoins usually gonna become the first target of massive selling.

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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?

There will be no altcoins anymore if Bitcoin reach that price, imagine the dominance of Bitcoin over this market, that could also mean cryptocurrency are set to failed if Bitcoin goes to that level. Let’s not overthink here because this will never happen again, the public is already aware about the importance of cryptocurrency and they are slowly adopting, let’s be more worry about the mass adoption, let’s hope that it can happen soon.

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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?

In short, this whole experiment will be over if that happens. I mean I'm sure bitcoincan fail and other projects continue on but in the near future I can't see that happening. If people lose faith in bitcoin then I can't see why they wouldn't lose faith in all of crypto. Can other projects thrive, yes they can but bitcoin at $10 would upend any progress crypto has make in the last 10-15 years.

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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 worst case scenario is that the price of altcoins will be greatly crushed, and as far as I'm concerned none of the altcoins have their own price control, all depend on bitcoin so even if you are an altcoin investor, you also have to invest in bitcoin.

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