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Topic: What will happen to alts if Bitcoin crashes back to $5000? (Read 1829 times)

sr. member
Activity: 1078
Merit: 256
altcoin will make prices all time low because altcoin price movements follow bitcoin prices if bitcoin prices continue to fall, traders will continue to sell altcoin
The very common reactions coming from investors who already holding the coins for quite some time. This continuous market downfall caused traders to dumped their assets, if there's no hopes and any potentials alts will be left once bitcoin drops to another levels.
sr. member
Activity: 1056
Merit: 251
altcoin will make prices all time low because altcoin price movements follow bitcoin prices if bitcoin prices continue to fall, traders will continue to sell altcoin
It's just that if Bitcoin falls to a price of $5,000, the market will panic and many people will start selling their alts to save their assets, the market reaction is quite normal
sr. member
Activity: 1232
Merit: 266
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hopefully coins that is only pump and dump and do not have a working product will disappear when bitcoin crashes back  to $5000 or even lower. If those scam projects will be deleted im sure the market will become healthy again and altseason will happen.


If those scam projects (as you refer to) were to disappear from the market it would probably mean more funding and investment for the remaining crypto or genuine crypto projects.

Maybe the only immediate advantage of a $5000 Bitcoin scenario would be the hopefully collapse and removal of all trash coins.

Many coins can be called forgotten, but it still does not improve the market situation. We don't really know how many of them must fall for the situation to improve. Certainly the situation will become clearer at the time of the new bull run. There will definitely be a big difference between projects that are still developing and those that were just fake, or fall. A drop below $5000 would surely brighten up this situation.
legendary
Activity: 2534
Merit: 1713
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hopefully coins that is only pump and dump and do not have a working product will disappear when bitcoin crashes back  to $5000 or even lower. If those scam projects will be deleted im sure the market will become healthy again and altseason will happen.


If those scam projects (as you refer to) were to disappear from the market it would probably mean more funding and investment for the remaining crypto or genuine crypto projects.

Maybe the only immediate advantage of a $5000 Bitcoin scenario would be the hopefully collapse and removal of all trash coins.
hero member
Activity: 1946
Merit: 502
If the price of Bitcoin can reach $5000 then I believe some altcoins will disappear in the market, but this is not necessarily the case because when we see the market developments sometimes altcoins do not depend on Bitcoin, when the bitcoin drops there are some altcoins Still persisting in the numbers at the moment instead of increasing, perhaps the altcoins not only depends on Bitcoin but the investors are also very instrumental, so if the alts coins have potential then he will continue to survive in the market.
hopefully coins that is only pump and dump and do not have a working product will disappear when bitcoin crashes back  to $5000 or even lower. If those scam projects will be deleted im sure the market will become healthy again and altseason will happen.
sr. member
Activity: 1701
Merit: 308
If the price of Bitcoin can reach $5000 then I believe some altcoins will disappear in the market, but this is not necessarily the case because when we see the market developments sometimes altcoins do not depend on Bitcoin, when the bitcoin drops there are some altcoins Still persisting in the numbers at the moment instead of increasing, perhaps the altcoins not only depends on Bitcoin but the investors are also very instrumental, so if the alts coins have potential then he will continue to survive in the market.
sr. member
Activity: 812
Merit: 251
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What is clear altcoin will follow the fall also its value.  And for that it means we are still waiting for the resurrection of the king of Bitcoin so that altcoin is back up as well.
If Bitcoin falls to $5000, then alts will be very bad, many will not withstand and disappear from the market, because the prices of alts will be very, very low.
I think it will not happen because 2020 is expected to be the most robust year of the crypto market and investment demand is on the rise in the first few days of this year. I hope Bitcoin value could soon return to $10,000 this year and will continue this uptrend until a new high price is reached. Of course, that won't happen now and investors need to be more patient.

However, with what is happening and recently World War 3 of the US and Iran are causing a lot of investors to turn to crypto investments.
legendary
Activity: 2534
Merit: 1713
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I don't think many alts would recover against Bitcoin if this happens and so they will crash even more. Some solid alts with good liquidity like Litecoin may recover but most won't recover in my opinion. Thoughts? Undecided

One positive if Bitcoin price crashed would be that hopefully the trash useless crypto with no real team or functionality will probably be on their way out while the stronger crypto with a sizeable community behind them will simply march on.
sr. member
Activity: 719
Merit: 250
What is clear altcoin will follow the fall also its value.  And for that it means we are still waiting for the resurrection of the king of Bitcoin so that altcoin is back up as well.
If Bitcoin falls to $5000, then alts will be very bad, many will not withstand and disappear from the market, because the prices of alts will be very, very low.
newbie
Activity: 78
Merit: 0
What is clear altcoin will follow the fall also its value.  And for that it means we are still waiting for the resurrection of the king of Bitcoin so that altcoin is back up as well.
legendary
Activity: 2492
Merit: 1332
But the market proves that holding your altcoins is not a good idea, recently there was a decrease in the price of bitcoin and then a few days later bitcoin recovered all the value that it had lost at that time but even if altcoins recovered they did not recover fully, and we know this because the bitcoin dominance despite what happened went up, this is very clear evidence that holding altcoins for the long term will never be good for you as an investor.
I think your assumption is not entirely true, indeed when Bitcoin has increased Altcoin will decrease. but do you remember in early 2018 when BTC reached its highest price Altcoin also increased. such as ETH reaching 1300$, LTC reaching 380$, BCH reaching 4000$ and many others. so as I see in my technical analysis Altcoin is actually already in the Buy area. maybe at the moment there is still need more positive news to be able to push.
I think some people are not really understanding my point I am not against people trading altcoins and earning money with them, what I am against is the idea that you should hold your altcoins for the long term, in my opinion you should always be ready to sell your altcoins in the case something is wrong with them and this is especially true for any altcoins outside the top 100, all of those coins that you mention are good coins but still I will never hold them because I only hold one coin and that is bitcoin.
sr. member
Activity: 1274
Merit: 265
That’s not a very difficult question to answer rather it has been answered so many times on different forums. If bitcoin fall to 5000$, which  is very likely to happen. Altcoins will also fall back drastically. Altcoin gold like eth, xrp, ltc will be available at flat discount, if something like that happen.
hero member
Activity: 1568
Merit: 511
From september until december, it takes 3 months and we are not at the price of $7000+-
If price actually went below $6,400, it would be real bad because it could crash even lower than $5,000
Should hit as low as $3,300-$3,600 imo

Thus, Alts/btc would get dump even more than now
You can see that in the recent crypto price movement

Alts is looking real bad because people start realising that the valuation of btc is much more firm than alts
legendary
Activity: 2310
Merit: 1076
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But the market proves that holding your altcoins is not a good idea, recently there was a decrease in the price of bitcoin and then a few days later bitcoin recovered all the value that it had lost at that time but even if altcoins recovered they did not recover fully, and we know this because the bitcoin dominance despite what happened went up, this is very clear evidence that holding altcoins for the long term will never be good for you as an investor.
I think your assumption is not entirely true, indeed when Bitcoin has increased Altcoin will decrease. but do you remember in early 2018 when BTC reached its highest price Altcoin also increased. such as ETH reaching 1300$, LTC reaching 380$, BCH reaching 4000$ and many others. so as I see in my technical analysis Altcoin is actually already in the Buy area. maybe at the moment there is still need more positive news to be able to push.
sr. member
Activity: 672
Merit: 254
many small alts just won't survive such a difficult market situation, so they'll just start to disappear, many alts will be very much cheaper in prices.
hero member
Activity: 1624
Merit: 500
Obviously altcoin will be very tortured if bitcoin really goes down that far because altcoin is now very slow to recover. Bitcoin has a big role to play in the current and future conditions of the altcoin market.
bitcoin plays an important role in the development of the price of altcoins, even altcoin is also considered good because of the support of bitcoin. so, when the price of bitcoin decreases, then 99% of the price of altcoin will decrease. this often happens, in fact, you only need to look at when the price of bitcoin goes down, so most of the altcoin prices also dump. when the price of bitcoin reaches $ 5,000, we can already guess what happened.
hero member
Activity: 2814
Merit: 576
But the market proves that holding your altcoins is not a good idea, recently there was a decrease in the price of bitcoin and then a few days later bitcoin recovered all the value that it had lost at that time but even if altcoins recovered they did not recover fully, and we know this because the bitcoin dominance despite what happened went up, this is very clear evidence that holding altcoins for the long term will never be good for you as an investor.


not really, some alt rated above have proven it for example ETH, XLM, XRP, XVG you can see the price in 2015 they are almost worthless at all, and also alt which rose to the top 10 by using the name of one of the most popular exchanges, Binance coin with the price of ico 0.1 $ is now at 13 $ after 2 years so not all alt will be bad for the long term.

That's what I put in my mind too, as long as the developers are here to stay doing their job, a coin that has struggle now might recover in the future.
It's been the trend in the market, there is a bear market and there is a bullish market, legit project always survive so since we are in a bear market now, we have to wait until things changes to a better market which that time gives us an opportunity to sell again.
sr. member
Activity: 1190
Merit: 267
Undeads.com - P2E Runner Game
But the market proves that holding your altcoins is not a good idea, recently there was a decrease in the price of bitcoin and then a few days later bitcoin recovered all the value that it had lost at that time but even if altcoins recovered they did not recover fully, and we know this because the bitcoin dominance despite what happened went up, this is very clear evidence that holding altcoins for the long term will never be good for you as an investor.


not really, some alt rated above have proven it for example ETH, XLM, XRP, XVG you can see the price in 2015 they are almost worthless at all, and also alt which rose to the top 10 by using the name of one of the most popular exchanges, Binance coin with the price of ico 0.1 $ is now at 13 $ after 2 years so not all alt will be bad for the long term.
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
If Bitcoin drops to $5,000, alts will be in a very big crisis, many coins will immediately fall in price by several tens of percents
Only bad coins will be in a big crisis caused by the holders will not feel better again to hold their altcoin and they will have an intention to dump their altcoin as fast as possible to get bitcoin. this is the possible scenario when bitcoin gets the next bearish trend or crash back to the 5k rate again.
hero member
Activity: 1246
Merit: 529
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If Bitcoin drops to $5,000, alts will be in a very big crisis, many coins will immediately fall in price by several tens of percents
I think that with a significant drop in Bitcoin, the entire cryptocurrency market will fall even deeper, because many cryptocurrencies have not shown good performance since the time when Bitcoin fell in price at the end of 2018.  Over the past year, Bitcoin has even risen to $ 10,000 - $ 13,000, but many cryptocurrencies have remained in a bearish trend.  If today Bitcoin again falls to a possible $ 5,000 or lower, then for many companies this could be a disaster.

How sure are you though? Yeah, historically, we have alts that ride any wave that bitcoin makes, but they're not entirelt dependent on btc's movements. Some alts will eventually take advantage of  btc drop. And btc has gone lower than 5k before. Alts some alts did follow suit, but 2018 was worse for bitcoin than a lot of alts in the market. Bottomline is, it's not all the time that the altcoin market will move based on bitcoin as it will easily be readable.
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