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Topic: What will happen to alts if Bitcoin crashes back to $5000? - page 2. (Read 1875 times)

full member
Activity: 1093
Merit: 103
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.
sr. member
Activity: 994
Merit: 261
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.
sr. member
Activity: 1056
Merit: 251
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
legendary
Activity: 2534
Merit: 1338
And that is the thing, many people concentrate on altcoins that do not really have any chance of surviving in the long term and that is without a doubt a mistake, if you want to obtain profits but you do not want to watch the market all day just in the case the coin that your holding begins to crash then you need to hold good altcoins, that way even if those coins begins to go down as bitcoin suffers a reduction in its price you will know that the price of those coins will eventually recover if the price of bitcoin goes up or if there is an altcoin season.
If bitcoin will fall below then most altcoin market are red because of fear where losing money happen, but it may recover soon as it happen most of the time, if you are in Altcoin then you must be have holding power in you so you can get profit in future !

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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.
hero member
Activity: 2184
Merit: 513
Moonbet.io | Web3 Casino
If bitcoin fall below 5000 USD then alt coins will also fall.
When bitcoin is red whole crypto market is red.
Its like a flat sale on whole crypto market due to christmas, for long term investment its the ideal time to buy.
Some altcoins maybe still defend its price and got an increase in the bitcoin price but for some altcoins which are not having something useful just like the product and the future of them will be dead as soon as possible. if bitcoin falls and that will automatically affect the whole of altcoins except a solid altcoin that can stand without bitcoin
And that is the thing, many people concentrate on altcoins that do not really have any chance of surviving in the long term and that is without a doubt a mistake, if you want to obtain profits but you do not want to watch the market all day just in the case the coin that your holding begins to crash then you need to hold good altcoins, that way even if those coins begins to go down as bitcoin suffers a reduction in its price you will know that the price of those coins will eventually recover if the price of bitcoin goes up or if there is an altcoin season.
If bitcoin will fall below then most altcoin market are red because of fear where losing money happen, but it may recover soon as it happen most of the time, if you are in Altcoin then you must be have holding power in you so you can get profit in future !

Thanks
 
The chart of altcoin last day has already proven the true story when bitcoin gets dumped and whole of altcoins will follow it at the same time with horrible dump than bitcoin. It may recover when bitcoin will also recover from its dump caused by the bearish trend but when bitcoin does nothing and altcoin will never recover.
sr. member
Activity: 546
Merit: 250
If bitcoin fall below 5000 USD then alt coins will also fall.
When bitcoin is red whole crypto market is red.
Its like a flat sale on whole crypto market due to christmas, for long term investment its the ideal time to buy.
Some altcoins maybe still defend its price and got an increase in the bitcoin price but for some altcoins which are not having something useful just like the product and the future of them will be dead as soon as possible. if bitcoin falls and that will automatically affect the whole of altcoins except a solid altcoin that can stand without bitcoin
And that is the thing, many people concentrate on altcoins that do not really have any chance of surviving in the long term and that is without a doubt a mistake, if you want to obtain profits but you do not want to watch the market all day just in the case the coin that your holding begins to crash then you need to hold good altcoins, that way even if those coins begins to go down as bitcoin suffers a reduction in its price you will know that the price of those coins will eventually recover if the price of bitcoin goes up or if there is an altcoin season.
If bitcoin will fall below then most altcoin market are red because of fear where losing money happen, but it may recover soon as it happen most of the time, if you are in Altcoin then you must be have holding power in you so you can get profit in future !

Thanks
 
legendary
Activity: 2534
Merit: 1338
If bitcoin fall below 5000 USD then alt coins will also fall.
When bitcoin is red whole crypto market is red.
Its like a flat sale on whole crypto market due to christmas, for long term investment its the ideal time to buy.
Some altcoins maybe still defend its price and got an increase in the bitcoin price but for some altcoins which are not having something useful just like the product and the future of them will be dead as soon as possible. if bitcoin falls and that will automatically affect the whole of altcoins except a solid altcoin that can stand without bitcoin
And that is the thing, many people concentrate on altcoins that do not really have any chance of surviving in the long term and that is without a doubt a mistake, if you want to obtain profits but you do not want to watch the market all day just in the case the coin that your holding begins to crash then you need to hold good altcoins, that way even if those coins begins to go down as bitcoin suffers a reduction in its price you will know that the price of those coins will eventually recover if the price of bitcoin goes up or if there is an altcoin season.
sr. member
Activity: 1232
Merit: 266
> CAMPAIGN MANAGER < https://t.me/TheAndy500
alt movements won't be too far from closing monthly prices, at least not for the majority of coins. altcoin is not like bitcoin which can go down so deep, if btc coins react again to consolidate, altcoin will try to break up the previous support points. The price will indeed go down in accordance with the BTC pair, but the trader assets which are accumulated will increase again.

Of course, if the price of Bitcoin starts to fall by 10% or 20% every day, then the prices of altcoins will not even be able to fall so much. Altcoin prices were falling so much when the Bitcoin price was falling slowly. However, if it happens that the price of Bitcoin drops to $5k or lower, some altcoins will be so low that they will not rise from this level again. I am not talking now about top100 altcoins but from further positions.
sr. member
Activity: 1848
Merit: 341
Duelbits.com
If bitcoin fall below 5000 USD then alt coins will also fall.
When bitcoin is red whole crypto market is red.
Its like a flat sale on whole crypto market due to christmas, for long term investment its the ideal time to buy.

That's right, I'm afraid that when bitcoin falls, the latcoin will also go down badly, maybe it will be shitcoin of most altcoins, so this bitcoin needs to be retained at a more stable price but this continues to be played by the pope then there will be an impact for small holders of their assets will become even more worthless.
But I'm not sure about bitcoin going down to $ 5,000 now and going forward.
sr. member
Activity: 882
Merit: 268
alt movements won't be too far from closing monthly prices, at least not for the majority of coins. altcoin is not like bitcoin which can go down so deep, if btc coins react again to consolidate, altcoin will try to break up the previous support points. The price will indeed go down in accordance with the BTC pair, but the trader assets which are accumulated will increase again.
hero member
Activity: 2156
Merit: 531
If bitcoin fall below 5000 USD then alt coins will also fall.
When bitcoin is red whole crypto market is red.
Its like a flat sale on whole crypto market due to christmas, for long term investment its the ideal time to buy.
"Red" can't be certain this will happen could every altcoin take this moment to raise the stock altcoin price and market games are not easy to guess ,this is also not a bad start for altcoin and it's not certain too mate that other traders and exchanges will probably maintain the price at 7000 usd?
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
If bitcoin fall below 5000 USD then alt coins will also fall.
When bitcoin is red whole crypto market is red.
Its like a flat sale on whole crypto market due to christmas, for long term investment its the ideal time to buy.
Some altcoins maybe still defend its price and got an increase in the bitcoin price but for some altcoins which are not having something useful just like the product and the future of them will be dead as soon as possible. if bitcoin falls and that will automatically affect the whole of altcoins except a solid altcoin that can stand without bitcoin
legendary
Activity: 2534
Merit: 1338
If bitcoin fall below 5000 USD then alt coins will also fall.
When bitcoin is red whole crypto market is red.
Its like a flat sale on whole crypto market due to christmas, for long term investment its the ideal time to buy.
When that happens it is a great moment to buy whatever coin that you like but very few people have the courage to do it, when that happens they are afraid that the market is going to keep going down and they refuse to buy, in my opinion that is a big mistake if your main goal in the market is to make money, but who I am to tell people about what to do with their money, if they want to make mistakes and lose that is fine with me because that means that I will get more profits in the future.
sr. member
Activity: 1221
Merit: 250
If bitcoin fall below 5000 USD then alt coins will also fall.
When bitcoin is red whole crypto market is red.
Its like a flat sale on whole crypto market due to christmas, for long term investment its the ideal time to buy.
hero member
Activity: 1470
Merit: 502
Some alts will drop in price but will grow again in average time, and some of alts will drop more and will not recover maybe, i talk about that altcoins that not have any real use and are just a copy of other coins.
I also think that way, that some altcoins might still be able to survive at a price that is down for sure, and altcoins that don't have a lot of volume might die. and if altcoin can survive maybe the price can grow again
legendary
Activity: 2534
Merit: 1338
I actually do not want if a disaster occurs on Bitcoin to touch the price of $ 5,000, because if this happens altcoin will crash more and possibly weaken the price. So I can't imagine the altcoin market will bleed, but if this happens I'm still sure bitcoin will rise again and altcoin will follow,  bitcoin only shows that it is very volatile.
We need to get rid of some outdated views, people think that if the market goes up then is good and if it  goes down then it is bad, you can make money as well when the market is going down, it is called shorting, and even if you do not want to short the markets a bearish market can be a great way to multiply the bitcoin that you are holding and then get even bigger profits the next time the market begins to skyrocket but in order to do this you need to become a trader and stop being an investor.
hero member
Activity: 1414
Merit: 516
Some alts will drop in price but will grow again in average time, and some of alts will drop more and will not recover maybe, i talk about that altcoins that not have any real use and are just a copy of other coins.
sr. member
Activity: 859
Merit: 251
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


I don't think so. So far, most of the altcoins beyond the top 200 coins have almost zero trading volume and liquidity. It only means one thing, most of the traders and holders have left, leaving their cheap bags to the strongest hands or rather foolish hands? Anyway, zero volume, most sellers already left, nothing to dump anymore.
jr. member
Activity: 980
Merit: 1
I agree with you. It is necessary to take specific examples, and then already discuss, calculate what will become of him. And this generalized conversation will not lead to anything. Need specifics. Without it, we will always be all right and wrong at the same time.
sr. member
Activity: 1358
Merit: 259
PredX - AI-Powered Prediction Market
If Bitcoin falls to $5,000, naturally all alts will start following Bitcoin and are likely to fall even harder than Bitcoin

Unfortunately you are right. The entire cryptocurrency market is stick to Bitcoin price. However, I think that some altcoins are no longer in danger because they are already at the very bottom.
I am hoping for an exception - If the Bitcoin price actually continues to fall, I hope that Ethereum fork will succeed and this will cause the ETH price to break away from the BTC price and start to rise.
Honestly, altcoins have no bottom. Its price could go down as low as possible and die if BTC went down like 2018. I saw a lot of altcoins at the bottom and now it's dead.
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