bitcoin is never going that low. this current price is already super underpriced and as you can see the price push down has been becoming extremely hard. they dumped thousands of bitcoin on the market in the past 24 hours but the price only dropped a little.
but if that happened then about 70% of the altcoins simply evaporate into nothingness as they die and go to zero. and the rest of them will get dumped so hard that it would take years for them to recover from it since people would abandon them.
Topic: What happens to the other cryptocurrencies if the Bitcoin goes to $ 2,000? - page 11. (Read 1497 times)
November 15, 2018, 08:14:19 AM
November 15, 2018, 07:56:03 AM
Hello, I would like to know your opinion about this: What happens to the other cryptocurrencies if the Bitcoin goes to $ 2,000? I mean ICOs, altcoins, low market cap coins.
Now ICOs and low market cap coins have very bad times, but if Bitcoin goes down to $2,000-3,000 what will happen? This will be the end of ICOs?
Because I think that most of investors will sell everything to buy more Bitcoins.
At the moment Bitcoin price is still at $5600 but altcoin price in some exchange already looks very sad especially for Fiat to Altcoin pair. I can't imagine what would happen if Bitcoin price touched $2000, maybe all altcoins would be worth 1-300 satoshi. Not only that, i am sure if the market continue to decline this will make most people go crazy or maybe commit to suicide - hoping this bad thing won't happen Now ICOs and low market cap coins have very bad times, but if Bitcoin goes down to $2,000-3,000 what will happen? This will be the end of ICOs?
Because I think that most of investors will sell everything to buy more Bitcoins.
November 15, 2018, 07:41:59 AM
Well, maybe this will later be the rapid growth of the entire cryptocurrency market. As it is not strange sounded but almost everything even bitcoin falls. Yes, this was usually when a drop occurs, then with altcoins, everything is poured into Bitcoin, but this time the situation is different because its domination does not grow and it falls with everyone.
We've seen the sudden drops on Bitcoin including some of the top 10 ALTCOIN as posted in the market of crypto currency...This one of a major drops in the crypto market, almost everyone is bleeding dry now....But i am confident that market will find its correction after the market glitz, it very difficult to accept that this is happening , when everyone are hoping the other way around. i just take this just as Market Volatility... it will make favorable again for all of us here any time soon. Patient and more Patient....Don't Panic it is not the end of crypto market yet...i am still hopeful that it won't go down to the 2k level....think positive....
November 15, 2018, 07:33:03 AM
Well, maybe this will later be the rapid growth of the entire cryptocurrency market. As it is not strange sounded but almost everything even bitcoin falls. Yes, this was usually when a drop occurs, then with altcoins, everything is poured into Bitcoin, but this time the situation is different because its domination does not grow and it falls with everyone.
November 15, 2018, 06:50:20 AM
If Bitcoin still reaches the price of 2000$, then of course it will very seriously affect all other tokens, many coins will simply leave the market, since their value will simply become inadequate. I want to believe that this is still a manipulation of the arynka, and not a trend. After all, if the cryptocurrency market is blown away and more interesting to investors, then this can really be the beginning of the end.
November 15, 2018, 06:38:55 AM
Hello, I would like to know your opinion about this: What happens to the other cryptocurrencies if the Bitcoin goes to $ 2,000? I mean ICOs, altcoins, low market cap coins.
Now ICOs and low market cap coins have very bad times, but if Bitcoin goes down to $2,000-3,000 what will happen? This will be the end of ICOs?
Because I think that most of investors will sell everything to buy more Bitcoins.
Now ICOs and low market cap coins have very bad times, but if Bitcoin goes down to $2,000-3,000 what will happen? This will be the end of ICOs?
Because I think that most of investors will sell everything to buy more Bitcoins.
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