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Topic: What will happen to alts if Bitcoin crashes back to $5000? - page 6. (Read 1871 times)

newbie
Activity: 602
Merit: 0
happened before and can just happen again
sr. member
Activity: 1498
Merit: 374
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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
Even bitcoin crash back to 5000$ some of the good altcoins will remain at its current price. Try to look at the coinmarketcap you can only see bitcoin experience dump price while the other cryptocurrencies experience rising prices. If bitcoin will totally crash back at the price of 5,000$ or below on that price maybe some altcoin will also suffer because some of them are paired with bitcoin. Lastly, if this thing totally happens it might have a hard time to recover and it still hard to predict if on the coming halving bitcoin will recover its price.
full member
Activity: 1204
Merit: 104
Today, the price of Bitcoin is falling because it is losing its relevance.  Other cryptocurrencies are falling in price because the market has always reacted to falling Bitcoin prices.  But you also need to consider that negative news about cryptocurrency also has a bad effect on cryptocurrency users and the entire cryptocurrency market.  Nevertheless, I would like to mention that over the past period, the maximum trading volume of Bitcoin futures at 300 Bitcoin at Bakkt was again recorded.  This is almost 80 Bitcoin more than the previous maximum figure (220 BTC). Perhaps this indicator indicates that the cryptocurrency market is again being manipulated, which is why Bitcoin prices have dropped.
member
Activity: 318
Merit: 10
crypto enthusiast
We have to keep in mind the direct proportional relationship between alts and btc. It's impossible to say, alts with no product and future would go south in no time. So much talk on forums about altseason but it looks like it's not coming anytime soon. Any new alts/non-ico/ with working product on market?
hero member
Activity: 1624
Merit: 500
It happened that before when bitcoin crashes down to $5000 way back 2018. As all altcoins were bleeding and others become undervalued coin turning into a shitcoin. So if you wanna have plan to invest in coin better to choose one of the top 10 in coin market list.
I think this will be quite different from 2018 ago. if the price of bitcoin drops to that level again, I think the price of altcoin will be lower. Well, I don't mean to scare, but in a situation like this the price of bitcoin drops to that level, it looks like it will have a very bad effect on altcoin.

although currently, the price of bitcoin is falling, I don't expect prices to fall more than the $ 7000 level.
copper member
Activity: 1428
Merit: 253
I think that will happen with the condition of altcoin prices will likely experience a price decline too, although only temporarily due to the influence of the panic trader who sells his assets at cheap prices, but I am sure the price of altcoin will definitely rise again.
the impact when bitcoin falls then the market will also experience a decline. but now traders are safer because there are stable assets that they can use to save their money which of course won't make traders too panicked. but for altcoin, it will have a big impact. like today there is a decline that makes all coins also red. for the time of decline, I think it depends on how the market responds if there is a big panic, of course, it will be bad for the market. but when investors and traders calm down the possibility of a market recovery can run fast.
member
Activity: 658
Merit: 11
bitcoin until now may still be a guideline of altcoin and other cryptocurrencies and the development of crypto or altcoin currencies no one can know with certainty the confidence and patience of investors is the main capital in investing because the risk is very large that many investors expect altcoin will develop in the future
You call it risk Grin I would be glad that investors remained true to their expectations.

This year, many altcoins have lost value vs bitcoins. Despite the temporary warming of the market in the spring. Now I expect BTC to fall to 6K or lower. And now this will kill many of our crypto assets, but there is hope that the market will become cleaner. At least for a while. At least something good Smiley
sr. member
Activity: 1148
Merit: 252
For sure the altcoins will crash for more if bitcoin crashes back to $5000, you know altcoins will follow if the bitcoin goes down or goes up. And I agree some alts may recover, but most of the alts will go down.
bitcoin until now may still be a guideline of altcoin and other cryptocurrencies and the development of crypto or altcoin currencies no one can know with certainty the confidence and patience of investors is the main capital in investing because the risk is very large that many investors expect altcoin will develop in the future
sr. member
Activity: 2324
Merit: 273
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The current dominance of bitcoin has greatly influenced the development of altcoin, I think this is a logical problem. If it returns to $ 5k and the sideways are long enough, alt dominance will increase. It is true that many coins will not be strong, but not with coins that have sufficient daily volume in some large exchange markets, but conditions will return more differently if btc returns to $ 3k
legendary
Activity: 1568
Merit: 1002
It happened that before when bitcoin crashes down to $5000 way back 2018. As all altcoins were bleeding and others become undervalued coin turning into a shitcoin. So if you wanna have plan to invest in coin better to choose one of the top 10 in coin market list.

that's the best way to invest and even though prices fall deeper like now then at least when investing in the top 10 coins we don't need to panic because the potential of the top coins won't become shitcoin when it goes bearish, so investing in alts is not entirely wrong because it still there are alts that are able to recover and survive when the market is bearish. but as has been said alts will be very risky if the price of bitcoin will indeed touch the bottom again and at least we must be prepared to face a situation like this if indeed we have been holding alts for the long term
sr. member
Activity: 1077
Merit: 250
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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
I think its not all altcoins will crash if bitcoin goes down on $5000 maybe some will goes down too but some will gonna be rise.
Because in my experience i saw some altcoins goes up when the bitcoin down and some goes down when bitcoin goes up.
So it depend to the investor.
even some coins are still growing when bitcoin goes down, but, we must look at majority
altcoins is contrary with bitcoin price now. so altcoin will be dump as f*ck if bitcoin back to 5000$


I myself predict that bitcoin wont touch 5000$ again, even it would be dump, it has strong support in 7000$ and 6000$
full member
Activity: 798
Merit: 104
It happened that before when bitcoin crashes down to $5000 way back 2018. As all altcoins were bleeding and others become undervalued coin turning into a shitcoin. So if you wanna have plan to invest in coin better to choose one of the top 10 in coin market list.
sr. member
Activity: 1330
Merit: 291
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

Bitcoin happen to be the crypto currency market mover and if you have that believe then one can say it is only on a  very few occasion that some altcoins will be moving in different direction as against bitcoin. Bitcoin market value decline do lead the decline in the market value of altcoins doesn't necessarily mean altcoins will not recover after the downward trend.
hero member
Activity: 924
Merit: 505
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 think its not all altcoins will crash if bitcoin goes down on $5000 maybe some will goes down too but some will gonna be rise.
Because in my experience i saw some altcoins goes up when the bitcoin down and some goes down when bitcoin goes up.
So it depend to the investor.
hero member
Activity: 894
Merit: 501
If bitcoin crashes to 5k$, we may have serious issues. The trend is important, we are having bear markets bull markets but we are mostly going up with bitcoin. If we drop to 5k, alts will suffer a lot. Bitcoin will suffer a lot. This will be a new era for bitcoin and altcoins. I hope we keep going up.
member
Activity: 509
Merit: 10
If it is true the price has decreased to $ 5,000 in my opinion the price of bitcoin will be able to provide a big enough effect for the altcoin market because the dominance of the price of bitcoin makes the altcoin market also affected. so you have to be careful when the price of bitcoin goes down considerably
I think that if the Bitcoin price drops to $5,000, then alts are likely to start falling too, as people are unlikely to start selling Bitcoin and investing in alts
sr. member
Activity: 1876
Merit: 318
I hope bitcoin will not go down until the price of $ 5,000, this can really make altcoins more destroyed. But after I analyze it is unlikely
that bitcoin will drop to $ 5,000. Because the price of support is strong at $ 7,700, The biggest possibility will even rise this week will
penetrate the resistance price at $ 8600, if it breaks to the next resistant price at $ 9200.If it gets right down to $ 5000 the price of altcoins
will be destroyed, but for altcoins that are popular and have a lot of volume will be easy to recover. So in this bad market only investments
in BTC and altcoins are popular.
sr. member
Activity: 1876
Merit: 289
Zawardo
For sure the altcoins will crash for more if bitcoin crashes back to $5000, you know altcoins will follow if the bitcoin goes down or goes up. And I agree some alts may recover, but most of the alts will go down.
sr. member
Activity: 812
Merit: 251
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if this nightmare happens then it is definitely the price condition of all cryptocurrency including altcoin prices will fall because there will be many traders who try to save their assets quickly and I really hope this nightmare does not happen for the good of the traders.

If Bitcoin returns to the $5,000 price , this market will be in big trouble and thousands of other altcoins will be affected when this happens. We saw this in 2018 and during that time all investors were silent and didn't know what to do next. I personally don't want that to happen because I am holding a lot of big coins in this market and all my assets are in those coins.
sr. member
Activity: 1540
Merit: 255
if this nightmare happens then it is definitely the price condition of all cryptocurrency including altcoin prices will fall because there will be many traders who try to save their assets quickly and I really hope this nightmare does not happen for the good of the traders.
The decline that occurred certainly had a negative impact on the cryptocurrency market. like in the end of 2018 at which time the price experienced a decline that was deep enough so that people could indeed take the momentum to invest in the cryptocurrency market

Yes, we are facing this situation in the market whenever the price of Bitcoin is fluctuating, if Bitcoin reaches to the value of 5000$ then we might see the altcoin downturn compared to 2018. Since 2018 we are seeing a complete downtrend with the altcoin and the same thing will repeat.
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