Will altcoin go up or down on bitcoin crash? - page 2.

redhondaxrm125

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Quote from: TriggerHappyCoin on November 27, 2017, 12:19:44 AM

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?

Well, for how many months that i have been around the crypto world, it has always been yhe same thing over amd over again. When bitcoin falls, promising altcoins rise(the good ones). Then later on, they fall in price. Which then makes bitcoin rise again. But, beats its own records every time. That's how the crypto world has been moving when i got here.

RondoAnyar

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altcoin is likely to rise if the bitcoin accidents, because usually if bitcoin price rises altcoin will experience decrease bgegitu vice versa. but all that can not be predicted we just monitor it.

dhas

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Quote from: TriggerHappyCoin on November 27, 2017, 12:19:44 AM

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?

Base on my observation, everytime that bitcoin fall down.
There was an altcoin booming in the market.
Like for example, what happen earlier this november.
The price of bitcoin crash until $6,000 because a lot of miners support bitcoin cash.
But later on when bitcoin cash stop in rising the bitcoin regain its value and surpass its past price.

JCM

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Yes, altcoins will go up, but not as hard as BTC drops. A part of BTC will again flow to fiat.

Javanewstar

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When the price of bitcoin starts to fall sharply, there will be a big drop in the other COINS, and if that happens then, it could be the bear market of cryptocurrencies.

maaydin

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If the crash comes in an unpredictable way there will be a panic in all the crypto world and occasionally the other altcoins will drop and they would need a time to stabilize.

lighpulsar07

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Quote from: TriggerHappyCoin on November 27, 2017, 12:19:44 AM

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?

Well usually when the bitcoin price crashes altcoin's price crashes too but sometimes as bitcoin price rises some altcoins prices will crashes for example bitcoin cash after the announcement of lead devs of segwit2x, bitcoin price crashed from 7800 to 5500 and bitcoin cash skyrocketed and reached all time high of 2400 but now the bitcoin prices skyrocketed, altcoins are affected by surge too. ETH price have increased and other altcoins have price increase too.

burnsh56

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Quote from: TriggerHappyCoin on November 27, 2017, 12:19:44 AM

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?

That is a nice question to think.

The history shows that all the alts usually follow BTC trend, so if it goes down they follow. But we see how alts like ETH become stronger and stronger each day. So, they could go up instead of going down as I believe.

SHAWN-MIDWAYS

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Quote from: TriggerHappyCoin on November 27, 2017, 12:19:44 AM

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?

Bitcoin is the pack leader so if bitcoin prices drop then we should expect all other altcoins to be affected but some altcoins will appreciate in value because they are pegged to bitcoin price and a weaking bitcoin means a more power alt but then again it all depends on how investors react to this phenomenon.

helin9108

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In fact crypto currency's movement hard to predict, still if you say bitcoin will crash to 6000$ , i would go to buy Bitcoin again at $6000 level and also people will feared about bitcoin so they will turn to invest their capital to altcoins , so altcoins will pumped and rise more but i think no currency will over take Bitcoin because bitcoin is world wide ever green currency and I don't think bitcoin will crash to 6000$.

planfox

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Quote from: TriggerHappyCoin on November 27, 2017, 12:19:44 AM

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?

I think, too, there will be a recession, now there is a rare case of simultaneous hoisting and bitcoin and altcoins, but their recession is not uncommon and abrupt. So you need to use the moment while.

kaeluxdeuz

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We saw Bitcoin go down heavily in mid November due to a dump and forks. But it recovered fast and now it's passed the $9700 mark, and heading for $10K for a new record.
On the other hand, Altcoins are affected by this movement, Altcoins have started increasing in value and we see this on coins like Ethereum that went from $300-$500 in less than 1 month. BCash on the rise too, so is BGold.

rjbtc2017

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It's indefinite. We cannot clearly speculate on this thing, but as we all know some alt coins are greatly oppositely affected by the Movement of Bitcoin's Price. Crash cannot be seen and there is no supporting details about this, since there is no BIG FUD news generating FUD for a Big sell out, there is no also upcoming hard fork on Bitcoin. So the only supporting news here is the CME, if it will be executed and implemented well, Bitcoins will continue to rise however, if this Bitcoin Futures was just made for the Big Whales to get a big money out of Bitcoin, then a definite crash will surely happen, but then again, no one can support this statement until the time has come for CME to implement and start the operation of Bitcoin Futures.

arpon11

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There is a saying that "bitcoin did not need the support of altcoins to grow but altcoins need bitcoin to grow" this saying has proved to be real since the beginning of this year. In September when bitcoin was making a significant corrections we can all see that altcoins was also falling and when bitcoin was increase some of the altcoins was still falling because traders were converting their altcoins hold to bitcoin in other to get free coins. You should not expect bitcoin to be falling and altcoins will be increasing in price as in reality this has not happened for once.

Herlina

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When Bitcoin crashes then Altcoin will retain its value but it depends on the altcoin you have
If you are holding altcoin like top 10 I think their Bitcoin value will go up to adjust the value with usd

MI6

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Quote from: amrulshare on November 27, 2017, 02:02:41 AM

I think you are too exaggerated to say like that,altcoin is only a small part of the Bitcoin copy and many people are starting to recognize altcoin from Bitcoin. this means the Bitcoin price will be higher and will not fall too deep. Altcoin will grow up when they have something news which makes it better.

ya, from what i see some altcoins only up when they're get pumped or dev have some important updates, and bitcoin price nowadays not really affect when it down, at last time when bitcoin down. altcoin price not really move

amrulshare

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I think you are too exaggerated to say like that,altcoin is only a small part of the Bitcoin copy and many people are starting to recognize altcoin from Bitcoin. this means the Bitcoin price will be higher and will not fall too deep. Altcoin will grow up when they have something news which makes it better.

hah

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Quote from: btcney on November 27, 2017, 01:45:48 AM

Quote from: TriggerHappyCoin on November 27, 2017, 12:19:44 AM

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?

It's hard to say. If money flows out of all cryptos then altcoins will be affected as well, and since bitcoin is the number one crypto i think that this is the most likely scenario to happen. Bitcoin will be dumped, alts will get dumped, but at a lesser scale.

There are alts that have been historically been associated to fiat more than BTC, though. One example would be monero, and even ETH.

These coins will be hit the least, and will probably rise in BTC valuation.

Last time btc dump and dip it dragged the whole alt market down with it. I think it's probably better to keep money in tether or fiat and wait for buy in unless something like the "flippening" happens.

btcney

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Quote from: TriggerHappyCoin on November 27, 2017, 12:19:44 AM

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?

It's hard to say. If money flows out of all cryptos then altcoins will be affected as well, and since bitcoin is the number one crypto i think that this is the most likely scenario to happen. Bitcoin will be dumped, alts will get dumped, but at a lesser scale.

There are alts that have been historically been associated to fiat more than BTC, though. One example would be monero, and even ETH.

These coins will be hit the least, and will probably rise in BTC valuation.

hah

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Quote from: ZaynDale on November 27, 2017, 01:17:57 AM

Quote from: Jaya912 on November 27, 2017, 01:07:41 AM

yes i think s. the price of altcoin increase compare with bitcoin. if we compare about price usd i think its not really different.
the only altcoin that can increase is the altcoin which has big support behind mean that altcoin is good.

Crypto-Currency movement is really indeed unpredictable and if there's a sudden dump then people would freak out and tagging Bitcoin Cash as a joke. And I found no basis for a Bitcoin Cash being a joke because it was created to be the rival of Bitcoin and top Altcoins. Bitcoin Cash deserves to be the next Bitcoin and people cannot accept that.

Bitcoin cash is a joke because it's owned by the chinese mining cartel with some no name dev backed by fake satoshi and judas ver. Google roger ver mt gox and what he did in the past.
Bitcoin cash is still using old tech with increased block size. One day there will only be select few people able to run nodes for bitcoin cash. You know what happens if there are only a few nodes? They can steal and gift themselves bitcoin cash if all the node owners come together and agree. Bitcoin cash might be pumping the short term but tell me do you see mass merchant adoption for bitcoin cash? Anyway I rather hold btc and get free fork dividends like bitcoin gold, bitcoin diamond....+new forks than touch bitcoin cash because to me it is a joke. "Satoshi: If you don't believe me or don't get it, I don't have time to try to convince you, sorry."
At the end of the day though I don't think either btc or bch will die off because too much money is already invested and both sides got diehard fans, but no way in hell bch will dethrone btc. If anything else another altcoin with completely different or better tech might dethrone btc.

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