What will happen to alts if Bitcoin crashes back to $5000? - page 9.

coinfinger

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Quote from: Nnuego on October 02, 2019, 09:46:32 AM

If that should happened, it will be so disastrous and it will affect all other altcoin, whereby making many altcoin to disappear and lose it's value and potential totally. If bitcoin should crash it won't exceed below $8k which will not happen

Lol, I think it will get to a point where altcoins will drop to and will never go lower than that again, just like we have some altcoins presently, even when bitcoin is down, they are at the deepest bottomed, so till altcoin bull run starts before they can start picking again.

If bitcoin drops so low to that $5000, it may affect some altcoins, but it will be temporary because the value will cause fomo as many people who had been looking for opportunity to buy cheaper will start rushing it at that price, which will definitely make the market to spike beyond the previous price, and that will still have positive effect on altcoins too because as bitcoin increases, altcoins will also increase along with bitcoin too, so the crash may still be of favor to so many altcoins.

Omega Weapon

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You are right. If another bear market comes and Bitcoin crash down to 5K USD, Many altcoins will be dead this time. Bitcoin is dominating the crypto market by over 68 %, altcoins are suffering a lot, and at the same time if the crypto market crash, lots of potential coins won't recover again ever! I hope Bitcoin will hold the price up this time, no one wants to see another bull run!

The reason most coins will be dead will not necessarily be because of a bear market it will be because most coins do not have reason to exist at all, many coins are scams or at best projects with no leadership that have no way to make true their promises to their investors, after years of this happening in the market traders are realizing this is never going to stop and instead of being supportive of new projects as they were in the past they will only support bitcoin from now on.

Febo

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You are right. If another bear market comes and Bitcoin crash down to 5K USD, Many altcoins will be dead this time. Bitcoin is dominating the crypto market by over 68 %, altcoins are suffering a lot, and at the same time if the crypto market crash, lots of potential coins won't recover again ever! I hope Bitcoin will hold the price up this time, no one wants to see another bull run!

Coins or mainly tokens die when they have no use case. When Bitcoin price decrease, then coins prices decrease in same ratio. That is all. None of them die because of Bitcoin losing value. There is plenty bitcoin clones that were made for fun and also died fast because had no use case. There are plenty tokens that were actually a security and were used for crowdfunding a project that or did not delivered or their delivery was poor and so those tokens are worth nothing today.

surgical_duude

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It is difficult to predict the future. But what you say is really far away, maybe the altcoins will be wiped out of the market. It is too difficult for altcoins to grow when BTC is constrained. I hope that the top altcoins will have new strategies to avoid unfortunate situations.

TWW

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Quote from: EscrowService28 on October 05, 2019, 10:37:43 AM

Quote from: msg768 on September 04, 2019, 10:21:11 PM

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

ALTcoins will definitely follow the trend of BITCOIN, but most of them will have a hard time to recover. BTC is trying to recover and regain everything, i just hope that all those altcoins worthy and have a very good campaign will have a chance to recover.

not all altcoin buddy, but indeed most of the effects of the price of bitcoin affect the price of altcoin. if what happens is a decrease in bitcoin which is very far below, then there may be very many people who leave this market. either save their capital or withdraw their capital. because when the investment market goes down and demand decreases in investors' eyes it will be very bad for investment.

EscrowService28

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Quote from: msg768 on September 04, 2019, 10:21:11 PM

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

ALTcoins will definitely follow the trend of BITCOIN, but most of them will have a hard time to recover. BTC is trying to recover and regain everything, i just hope that all those altcoins worthy and have a very good campaign will have a chance to recover.

don.key

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Quote from: msg768 on September 04, 2019, 10:21:11 PM

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

BTC was @ 3.3k in February of this year and ETH / LTC did just fine.

Anyone who thinks BTC drop below 5k is impossible is naive, everything is possible when big boys play with you. Crypto market the way it is today is one big casino, another serious dump (and following pump) is not simply possible, it is very probable.

But just as casinos go: No one wants them to collapse entirely, where else would fool and his money be parted? This will continue as long as there are people who are so blinded that they are selling their cars and houses to gamble with crypto. Of course I am also one of those small fools as well, but at least I learned my (painful) lessons on stock / forex market long time ago and never gamble with my already existing savings or assets, only with small part of my actual income. I can hold it forever and if it goes down the drain, well, bad luck.

Don

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Quote from: lab rat hoax on October 04, 2019, 11:22:06 AM

Quote from: msg768 on September 04, 2019, 10:21:11 PM

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 do not agree that it will fall below 5800 but i think that bitcoin is really but unfortunately for bitcoin, the bear season continues as long as bitcoin is under $9000. Yet I don't think these bad days will last too long. I'm expecting huge rises in bitcoin towards the end of the year but first bitcoin should fall a little more and relax. We can see a short alt season

there might be a good news will come before this year ends. and more people will talk about bitcoin halving that will happen next year this news will push the price up .

Oceat

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You are right. If another bear market comes and Bitcoin crash down to 5K USD, Many altcoins will be dead this time. Bitcoin is dominating the crypto market by over 68 %, altcoins are suffering a lot, and at the same time if the crypto market crash, lots of potential coins won't recover again ever! I hope Bitcoin will hold the price up this time, no one wants to see another bull run!

$5,000 is a bit higher in my opinion than the bottom price this year which is $3,500. But I don't see any possible reason for another crash to happen yet, unless if there is something that would trigger the bear that would create a lot of FUD/FOMO. As of now the price is quite stable at $8,000 and no one actually knows what would be the movement of the market.

Just get ready yourself for the possibility of either bull run or bearish.

lab rat hoax

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Quote from: msg768 on September 04, 2019, 10:21:11 PM

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 do not agree that it will fall below 5800 but i think that bitcoin is really but unfortunately for bitcoin, the bear season continues as long as bitcoin is under $9000. Yet I don't think these bad days will last too long. I'm expecting huge rises in bitcoin towards the end of the year but first bitcoin should fall a little more and relax. We can see a short alt season

romero121

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Bitcoin falling low to $5000 is possible, but it is truly hard to predict the moves that will happen with altcoins on account of the same. For users who believe in the growth will go for bitcoin, considering it the buying opportunity. In these days if there is such a price crash surely it'll not continue for a longer time period.

Over the altcoins surely there will be big impact. This will lower the market for altcoins, very few exceptions will continue to grow. Particularly those were the exchange backed altcoins as well the other having realtime usage. By then investing on altcoins too is a good choice if the plan is for long term profiting.

matchi2011

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Quote from: Arkann on October 03, 2019, 03:42:42 PM

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We have seen that the price dropped from 20k to 3k$ and after that, we had a nice period of alt season. This shows that there is no need for a panic. We just need to pass the halving and strong altcoins will be shown to us. Lets have more patience and do our own researches for the strong altcoins and get them while they are cheap.

I think there is no panic, but what is happening on the cryptocurrency market is very difficult to explain. We always believed that the entire cryptocurrency market depends on the price of Bitcoin, but as you said, the price of Bitcoin from $ 20,000 dropped to $ 3,000, and then, at the beginning of 2019, it went up again and reached $ 10,000, but altcoins continued to show bad results until so far .

Will be depend now with how will you chase your opportunities, the market still following bitcoin and what we can expect if another hard dumped comes on it's way, many panic holders will follow including those who are inside alts investment, fear of losing their hard earned investment, they will follow the trends of liquidating funds. You need to have your own way of taking your opportunities in order to know what to decide while experiencing down market.

Omega Weapon

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Quote from: Arkann on October 03, 2019, 03:42:42 PM

Quote from: ?? on ??

We have seen that the price dropped from 20k to 3k$ and after that, we had a nice period of alt season. This shows that there is no need for a panic. We just need to pass the halving and strong altcoins will be shown to us. Lets have more patience and do our own researches for the strong altcoins and get them while they are cheap.

I think there is no panic, but what is happening on the cryptocurrency market is very difficult to explain. We always believed that the entire cryptocurrency market depends on the price of Bitcoin, but as you said, the price of Bitcoin from $ 20,000 dropped to $ 3,000, and then, at the beginning of 2019, it went up again and reached $ 10,000, but altcoins continued to show bad results until so far .

I do not see how this is difficult to explain, years ago there was confidence that many of the new projects coming to the market could change not only this market but the way many industries worked, after the crash happened and some years passed people have realized that nothing changed and the only coin that is making progress is bitcoin, so when the market began to recover at the beginning of this year bitcoin gained in dominance against the rest of the coins.

Arkann

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Quote from: ?? on ??

We have seen that the price dropped from 20k to 3k$ and after that, we had a nice period of alt season. This shows that there is no need for a panic. We just need to pass the halving and strong altcoins will be shown to us. Lets have more patience and do our own researches for the strong altcoins and get them while they are cheap.

I think there is no panic, but what is happening on the cryptocurrency market is very difficult to explain. We always believed that the entire cryptocurrency market depends on the price of Bitcoin, but as you said, the price of Bitcoin from $ 20,000 dropped to $ 3,000, and then, at the beginning of 2019, it went up again and reached $ 10,000, but altcoins continued to show bad results until so far .

Chrystora123

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the atmosphere will not be much different from last December 2018 (when Bitcoin was priced at $ 3,500), many Altcoins will crash.. the cut loss action will occur because investors are afraid of the certainty of their investments in Altcoin.

Quote from: caffu chino on September 14, 2019, 12:11:13 PM

although the possibility is small but if bitcoin falls to $5k. it has been confirmed that many altcoins have died. maybe almost 45% of altcoins that are now on the market will fall to 0. it will probably be the apocalypse for altcoin. Large altcoins such as ETH, LTC, BNB, XRP and EOS will also be heavily affected. maybe they will fall half the price.

right.. 40-45% Altcoin will be zero due to lack of support from investors & trader.

tadpole_bitfrog

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Quote from: msg768 on September 04, 2019, 10:21:11 PM

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

it all comes back to March of 2019, which is the period when bitcoin was only $ 3k3. I believe that this market full of crimes will still live and live strong.
When the market is in a deep recession, there are sure to be black funds launched to pump out the prices of top coins and from there the market will grow again. This is the usual cycle of the crypto market.

bison

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Quote from: suryana on October 03, 2019, 12:11:28 PM

Of course Altcoin will also be destroyed in price, because the dominance of Bitcoin over Altcoin prices is very strong so it is very influential on price movements. We can see like now on various exchanges when the price of Bitcoin dropped, then Altcoin also very dropped.

indeed when a decline in the price of bitcoin occurs the exchange rate of altcoin will also decrease. there is even a possibility that it will be very bad. but when the decline occurs we will see a large adoption will occur again when prices have begun to stabilize. we see several times the market trends like this.
even if that condition happened, I'm sure only good altcoins will survive with their trade in the market.

barota

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If bitcoin Decrease to 5000 $ per btc . for sure most of another group shit coin go away from the term crypto
Most of those shit coin grown before . when price pupmed hard from 400 usd to up 10000 usd end or mid year 2017 due to th pump
I said before that there is no benefit except top 10 or top 20 only like ethereum litecoin

suryana

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Of course Altcoin will also be destroyed in price, because the dominance of Bitcoin over Altcoin prices is very strong so it is very influential on price movements. We can see like now on various exchanges when the price of Bitcoin dropped, then Altcoin also very dropped.

Taskford

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Quote from: Nivia1st on October 03, 2019, 08:28:32 AM

Quote from: LogitechMouse on September 14, 2019, 10:14:22 AM

Quote from: msg768 on September 04, 2019, 10:21:11 PM

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 $5000 for Bitcoin isn't called a crash but a small correction only. What defines a crash for Bitcoin is that if it goes back to its previous lows of $3000 and a possibility that it can go lower up to $1-1.5K.

For me, if Bitcoin crashes just don't visit the sites where you see the prices of coins anymore because you will feel....... you know it.

yes you're right, but still the price of $5k bitcoin is also a problem. this can make altcoin fall very deep. we can see yesterday when bitcoin fell from $10K to $8K. all red altcoin and the average has decreased between 15-25%. so if bitcoin goes back to $5k, there are lots of altcoins that are destroyed.

If you mean the shitcoins out there maybe yes they will fall badly or even die if bitcoins price would comeback again unto that price but if you hold those potential alts which are on top list on coinmarketcap maybe their price will not drop as hard and you may also have an assurance that they will pump when bitcoins price recovers.

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