when altcoins stop following bitcoin price ?

AlyattesLydia

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Quote from: Wolfwar on November 15, 2018, 02:53:22 PM

Quote from: r95222 on November 15, 2018, 02:27:31 PM

Imho never. They will get less correlation but BTC will lead it always. I wait for independence for ETH and other coins from TOP25. But today situation don't look promising. That's why when I trade I watch on the 2 charts - BTC and researching coin.

I would like cryptocurrency God to hear your words. I also hope for the independence of ethereum and that this particular coin will influence the cryptocurrency market, and not Bitcoin.

It's the only coin ethereum that could break the cycle. Maybe after that, NEO joins them.

The ETH must take more responsibility to get out of this cycle. I trust Vitalik. Because before Ethereum, he's trying to develop blockchain technology.

readygoaw

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Quote from: culuuton on November 15, 2018, 12:04:39 PM

Quote from: awsan2 on September 23, 2018, 07:32:42 PM

As we notice that almost all the altcoins follow the price of bitcoin . I'm just wondering when they will become independent and don't follow the bitcoin price?

I think this is very difficult for the Altcoins. Unless there is a strong enough Altcoins to beat Bitcoin and lead the coinmarketcap table. Probably not likely this will happen and the Altcoins will depend on Bitcoin.

They will not stop doing it for many years more. Bitcoin will remain the most powerful cryptocurrency for long. I am not even sure that some crypto, better than BTC, will ever appear.

Maricurijohn

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Currently, I think the value of BTC is increasing or decreasing as independent does not affect the overall altcoin in the market, because now there are too many poor quality they do not follow the rules as before

Rustamm

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Quote from: awsan2 on September 23, 2018, 07:32:42 PM

As we notice that almost all the altcoins follow the price of bitcoin . I'm just wondering when they will become independent and don't follow the bitcoin price?

Bitcoin will stop exerting price dominance over other types of cryptocurrency when its capitalization level drops to the level of other cryptocurrencies. Sooner or later, however it will happen anyway. Especially if it will not further develop and improve. However, due to the emergence of new perspective coins and tokens, it is inevitably vseravno. In the future, there will be several leaders at once who will periodically change each other in leadership. Apparently, then there will be no price dominance and the cryptocurrency in its price will develop freely and independently of other cryptocurrencies.

shoreno

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Quote from: culuuton on November 15, 2018, 12:04:39 PM

Quote from: awsan2 on September 23, 2018, 07:32:42 PM

As we notice that almost all the altcoins follow the price of bitcoin . I'm just wondering when they will become independent and don't follow the bitcoin price?

I think this is very difficult for the Altcoins. Unless there is a strong enough Altcoins to beat Bitcoin and lead the coinmarketcap table. Probably not likely this will happen and the Altcoins will depend on Bitcoin.

Eth , bch and xrp are all strong altcoins and they are once close to beat bitcoin in terms of price but even if they succesfully de throne btc's value i dont think that altcoin will follow them . altcoin will only follow to bitcoin because btc is the base of all cryptos .

Btc might be the king but altcoins are still better i think in my opinion because alts can be used on both investing and for paying/buying . thats why altcoins are still more indemand even though you cant see that their value is increasing .

ginobitcoiner

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all bitcoin can be exchanged for bitcoin, both based on ethereum, based on EOS and Stellar, therefore all altcoins will be affected by the price of bitcoin.

jawakoak

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When altcoin marketcap more than bitcoin market cap, as long so many exchanger pairs have bitcoin i think altcoin still following bitcoin, i mean when bitcoin is useless than altcoin will be superior, when? thats a question worth billion dollars Grin

wongdeso

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Quote from: culuuton on November 15, 2018, 12:04:39 PM

Quote from: awsan2 on September 23, 2018, 07:32:42 PM

As we notice that almost all the altcoins follow the price of bitcoin . I'm just wondering when they will become independent and don't follow the bitcoin price?

I think this is very difficult for the Altcoins. Unless there is a strong enough Altcoins to beat Bitcoin and lead the coinmarketcap table. Probably not likely this will happen and the Altcoins will depend on Bitcoin.

Indeed it looks difficult if altcoin is not influenced by bitcoin, the main coin which until now still remains the parent of the coin. Only a creative development team might be able to change altcoin at a better price, the community might also be able to change it without seeing bitcoin.

Monetran

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Quote from: kickdapa on November 16, 2018, 06:40:56 PM

I think it won't happen! The whole crypto market follows the bitcoin trend. Without bitcoin, all altcoins will fall down to end! Though altcoins can run without bitcoin, but that will be goldbrick.

And this, my friends, is a prime example of what a detrimental affect Bitcoin worship has on the brain.

Avoid it at all costs. Please.

kickdapa

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I think it won't happen! The whole crypto market follows the bitcoin trend. Without bitcoin, all altcoins will fall down to end! Though altcoins can run without bitcoin, but that will be goldbrick.

mapanlah

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Quote from: okala on November 15, 2018, 04:11:14 PM

Quote from: awsan2 on September 23, 2018, 07:32:42 PM

As we notice that almost all the altcoins follow the price of bitcoin . I'm just wondering when they will become independent and don't follow the bitcoin price?

That is the only time it can start to create it own part and work for all of us. Many projects are far better than bitcoin but because it is a pioneer Cryptocoins that has become a leading coins but some times are coming that every coin are going to chart it own part and by then altcoins will stop following bitcoin.

it won't work unless there is a mutual agreement between several altcoins to form a new conversion axis. Currently altcoin, especially the founder of BCH, still has the dominant BTC and can change price speculation in a short time. They will not stand alone because they are still following the same consensus development.

okala

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Quote from: awsan2 on September 23, 2018, 07:32:42 PM

As we notice that almost all the altcoins follow the price of bitcoin . I'm just wondering when they will become independent and don't follow the bitcoin price?

That is the only time it can start to create it own part and work for all of us. Many projects are far better than bitcoin but because it is a pioneer Cryptocoins that has become a leading coins but some times are coming that every coin are going to chart it own part and by then altcoins will stop following bitcoin.

wojteks102

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Look at the Ripple and Stellar /BTC price charts, we probably found the bottom even bigger drop on Bitcoin price didn't affect XRP or XLM /BTC valuation. So maybe it is really a bottom at least for mid-term?

Wolfwar

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Quote from: r95222 on November 15, 2018, 02:27:31 PM

Imho never. They will get less correlation but BTC will lead it always. I wait for independence for ETH and other coins from TOP25. But today situation don't look promising. That's why when I trade I watch on the 2 charts - BTC and researching coin.

I would like cryptocurrency God to hear your words. I also hope for the independence of ethereum and that this particular coin will influence the cryptocurrency market, and not Bitcoin.

r95222

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Imho never. They will get less correlation but BTC will lead it always. I wait for independence for ETH and other coins from TOP25. But today situation don't look promising. That's why when I trade I watch on the 2 charts - BTC and researching coin.

culuuton

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Quote from: awsan2 on September 23, 2018, 07:32:42 PM

As we notice that almost all the altcoins follow the price of bitcoin . I'm just wondering when they will become independent and don't follow the bitcoin price?

I think this is very difficult for the Altcoins. Unless there is a strong enough Altcoins to beat Bitcoin and lead the coinmarketcap table. Probably not likely this will happen and the Altcoins will depend on Bitcoin.

creeps

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Quote from: Sephire on November 13, 2018, 10:51:27 PM

Bitcoin is the most well-known crypto coin and the leader of crypto market so it is natural for the altcoins to follow bitcoin both up and down.

Also investors/traders are still considering the price of bitcoin before they invest in altcoins. I think it cannot be stopped because bitcoin rules the market, and bitcoin is too big not to depend on. Altcoins will still have its own good side, it may not seen true its price but if you see its technology for sure you will love to invest.

Quote from: bibb76 on November 15, 2018, 10:35:30 AM

A gigabyte will soon become the most valuable cryptocurrency — without the Internet, there is no point in cryptocurrency, and the Internet is already slowing down

Many coins are being considered as the next bitcoin, but I think it will not going to happen in the next 10years or never. In some places Internet connection are very solid, and everyone need this thing so for sure it will continue to improve over time.

hasna17

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I think Bitcoin will still be the best and Bitcoin will always be a magnet for all altcoins
Bitcoin affects global markets, whatever happens to Bitcoin will definitely affect the market as a whole.
And this cannot be denied, because Bitcoin has the largest market and is currently the most popular coin, and Bitcoin will still be the best.
But if there are altcoins who want to be independent of course they must be able to defeat BTC and I think that is very difficult.

bibb76

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A gigabyte will soon become the most valuable cryptocurrency — without the Internet, there is no point in cryptocurrency, and the Internet is already slowing down

CodyAlfaridzi

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Quote from: awsan2 on September 23, 2018, 07:32:42 PM

As we notice that almost all the altcoins follow the price of bitcoin . I'm just wondering when they will become independent and don't follow the bitcoin price?

Probably never. I always think that these altcoins are just speculation tool. Unlike Bitcoin, they're not a real asset per se. So they will keep following major coin price, mostly Bitcoin.

Quote from: bohr on November 14, 2018, 06:35:10 PM

When they stop copying the code of bitcoin and they stop copy everything that bitcoin does, that is when altcoins will begin to move independently of bitcoin and since most coins are just cheap copies of bitcoin then for the foreseeable future you are going to see those coins moving in the same direction, only the coins that have any kind of originality move independently from time to time from bitcoin.

Good answer, I agree. Most altcoins are just "selling" idea or concept that doesn't really has a real-world use.

Topic: when altcoins stop following bitcoin price ? (Read 1274 times)