Topic: When BTC crashes, which Alt will hold its fiat value? (Read 1265 times)
Bitcoin can't crash. So, I think we dont need to answer this question. lol. Bitcoin always grow in the future. I believe that.
At the moment i am not sure any will hold their value against the USD or BTC, look at the past few months when BTC has dropped, it took the alts with it. This is probably people and bots selling for BTC because of the dip.
I suppose you can look at the history charts and you'll see that it's Litecoin and Ethereum, these are the only one who were the same price during the summer correction. Why? I'm not so good at understanding how they work and why they are different , but no doubts that these are strong projects. And I'm looking at the chart patterns only.
When BTC crashes, which Alt will hold its fiat value? Explain your reasoning. Go.
And unless there is a dependence, I for some reason over the last few days have not seen the relationship between bitcoins and altcoins. But the growth of altcoins has seen, and the most promising one is ether.
If ever there be a big crash for bitcoin, many altcoins might go up and one of them is bitcoin cash. Others like ethereum, litecoin and ripple might have the momentum to go up also
Yes, and it clashed as you worry about. But I don't think many people can switch to Usdt or bitusd.
Many investors waiting for this time to take at dip
Many investors waiting for this time to take at dip
In a sea of red today, the answer is pretty obvious.
One crypto currency in the top 15 is showing a strong green on coinmarketcap.
Guess which crypto currency....
One crypto currency in the top 15 is showing a strong green on coinmarketcap.
Guess which crypto currency....
ETH and WAVES could rise up someday, the reason why some alt coins are correlated with the dump and rise of bitcoin is because of the investors keep investing on both coins with the same amount of money, and we all did that at least once. Anyway, I don't see tether becoming a big things, they already disappointed people on their hacking incident ( though i don't believed that they are hacked or who knows).
Bitcoin is the benchmark for all altcoins and no alternative coin can take its place or even come closer to it in any aspect. I do like Ethereum and waves. Not only these two but I think Monero, Litecoin, neo, Omisego and ripple are also good choices. However, none of them can match bitcoin. Nobody knows the exact future but if we look at the past performance of bitcoin and its present static, we can make a prediction about its future. Most probably, it won’t crash.
The only 2 stable coins that will hold value will be eth and monero. All others will falter when BTC falls aside from these two.
Why those two? Something about them fundamentally? Or just an observation that they do well when BTC drops?
Does everyone think BTC will crash?
Why?
Why?
I would go with eth and waves during a btc crysis.
Explain. What's so special about them that they would do well in a BTC crisis? Technology? Ecosystem? TA?
if you think bitcoin is going to crash then keep fiat and only fiat. better yet keep it in form of cash.
altcoins will get dumped, and when they do they will also lose fiat value at the same time. the dump takes everything down not just the bitcoin value of them. and they are not trusted investments to begin with.
tether is also a terrible choice by the way, the company backing it can disappear in a blinking of an eye.
altcoins will get dumped, and when they do they will also lose fiat value at the same time. the dump takes everything down not just the bitcoin value of them. and they are not trusted investments to begin with.
tether is also a terrible choice by the way, the company backing it can disappear in a blinking of an eye.
When COINS down, don't think about which altcoin prices can be stable, basic is the currency altcoin price will drop when prices fall, so the COINS sold for usdt.
btc forks and bitcoin like currencies often go in opposites directions when btc crashes, just look at BCH ( even though i dislike it ).
look at LTC, everytime btc fall, ltc keep the most slow influence, and the slowest market reaction.
ETH is also a very big candidate, ( no sh*it sherlock ? ) the thing is ETH, already has a ridiculously high market cap.
sometimes i think most people do not realise what 44B$ even mean !
cumulating all the wealth of every bitcointalk.org registered people wouldn't reach 2B$.
( if someone can add some info or counter-info ) to my claim i would gladly welcome it !!
i really believe all the crypto market is monstrously inflated. so for me the only coin that would definitely wistand a bitcoin crash would be LTC and USDT.
maybe bitcoin like currency would have a pump for sometime but thats it...
look at LTC, everytime btc fall, ltc keep the most slow influence, and the slowest market reaction.
ETH is also a very big candidate, ( no sh*it sherlock ? ) the thing is ETH, already has a ridiculously high market cap.
sometimes i think most people do not realise what 44B$ even mean !
cumulating all the wealth of every bitcointalk.org registered people wouldn't reach 2B$.
( if someone can add some info or counter-info ) to my claim i would gladly welcome it !!
i really believe all the crypto market is monstrously inflated. so for me the only coin that would definitely wistand a bitcoin crash would be LTC and USDT.
maybe bitcoin like currency would have a pump for sometime but thats it...
A lot of people told you to move your funds to Tether when bitcoin tends to go down, but this is a horrible advice because this token is having a lot of issues at the moment, it is very risky to have your funds in this one because you can lose it all.
They are having a lot of issues because it seems that most of the tethers that are in circulation are from Bitfinex, and they have been stoling some of those coins and now they have a really big issue (i mean, the project)
There is no altcoin that can be the same as the US dollar, it was a nice idea, but it has not been well developed at all.
Well, he did not really ask where he should move his coin to when bitcoin crashes, he asked the Alt that holds it fiat value when such scenario occurs and he was given the answer. Apparently, if not because of the crisis going on with USDT, it would have actually been the perfect choice, but for now, I would rather stay away and convert directly to fiat than USDT.They are having a lot of issues because it seems that most of the tethers that are in circulation are from Bitfinex, and they have been stoling some of those coins and now they have a really big issue (i mean, the project)
There is no altcoin that can be the same as the US dollar, it was a nice idea, but it has not been well developed at all.
None. The markets are all prices relative to the price of btc. Until there are more fiat options to buy alts, it going to remain that way.
Wrong! Some altcoins are controlled such as Tether which has the same value as USD value. It is not affected by the value of BTC in anyway so it is still going to retain its fiat value. However, for most of the coins, we already know what usually happens to them whenever king bitcoin coughs. I may want to be careful with tether these days if you are looking forward to where to put your assets though as the news isn't good so far.
ETH and WAVES could rise up someday, the reason why some alt coins are correlated with the dump and rise of bitcoin is because of the investors keep investing on both coins with the same amount of money, and we all did that at least once. Anyway, I don't see tether becoming a big things, they already disappointed people on their hacking incident ( though i don't believed that they are hacked or who knows).
Ethereum, Litecoin, Monero or maybe the top coins in market cap. But most of the time, these big coins are all dependent to bitcoin's price.
Neo I think it's ok, but if you think about it, the altcoin will basically collapse after the bitcoin crash. Bitcoin is the representative of the virtual coin, which determines the development of the coin.
My anwer is No. If Bitcoin crashes, all altcoins will be crashed too. Because Bitcoin is the symbol of crypto. If it falls down, many investors will panic sell all their coins. The market will die
The altcoins will be crashed on its dollar value and not for the bitcoin's value. Bitcoin as the main pair in the crypto give a lot of the impact to another altcoin. but as you can see about the ethereum becomes another alternative to the bitcoin itself right now. How these altcoins try to open the new pairs into the ethereum and not the only bitcoin. Some people are waiting for the panic sells to buy more altcoin. 
Usually when BTC was having a dip I used to switch to USDT but due to recent developments I would choose coin such as ETH, Litecoin and Monero. Usually people move their funds there so maybe if i'm quick I can make some profit
Jump to: