Altcoins and bitcoin are a match made in heaven for me.
They cannot be separated from one another, most altcoins are pegged to btc pairs.
And even altcoins are dumped to hodl more bitcoin
Topic: WILL ALTS EVER DECOUPLE FOM BITCOIN? - page 2. (Read 433 times)
Possibly after mass adoption, the coins will be diversified from current holders so there will be less effect on the market which arises normally due to emotions of traders when they see price dumps.There is no correlation between any coins other than the traders and their emotions.
I know it is highly unlikely, but I still have to ask the question. The way it has always been is alts move up when bitcoin goes sideways, or alts get crushed if bitcoin goes down or they get crushed in bitcoin value if bitcoin goes up. Even the top alts suffer from this to some degree so I wonder if it's possible someday for let's say ETH to have price action noncorrelated to bitcoins drops or big moves up. The way the structure of the market is everything depends on bitcoin like when dropped to 3,800 not too long ago everything else took a dive with it. I wonder if ETH or some alt can ever decouple from bitcoin? My guess is probably not its just the way it is even tether goes below a dollar sometimes depending on bitcoin price action. There are some alts that have all time highs before bitcoin does so in a way that is kind of a decoupling, but they still suffer from bitcoins price action. Anyway interesting subject to discuss I would love to get everyone's take on it
When it comes to price correlation then i can say that after all the years ive been spending here on this market.I cant really deny
about that stuff when bitcoins price tends to move then it do somehow dictates on where the market is heading but this is actually
a wrong mindset to since there are coins which can really oppose on what bitcoin is doing most of the time,they do!
Rather than stressing yourself on asking about that decouple thing then it would be more better if you do just mind on how
you gonna utilize those cheap prices.
Decoupling from BTC dictation is not something that is likely to happen because most all alts are traded against bitcoin. Although sometimes some alts decople for a while because of their project development, which cause spike in price irrespective of what's happening in the market. This happens across for different alts at different times. But generally they follow Bitcoin movement and they increase mostly when bitcoin price is stable.
I think this will go on as long as usage of cyptocoins (be it for trading or real life usage) stays at the same level....if adaptation/usage would really pick up most probably you will see decoupling for many more alts because they will find their own niches and start living their own life.
Decoupling from BTC dictation is not something that is likely to happen because most all alts are traded against bitcoin. Although sometimes some alts decople for a while because of their project development, which cause spike in price irrespective of what's happening in the market. This happens across for different alts at different times. But generally they follow Bitcoin movement and they increase mostly when bitcoin price is stable.
What is bad in that obviously bitcoin is the most dominant coin with largest market share both in terms of volume and popularity so when btc moves whole crypto market is effected both positively and negatively but if btc starts bull run from here and you see alt price dumping in terms of btc still do not worry because alt price will either be stable in usd terms or growing.
Just like other currencies are still tied to the USD DOLLAR, in FIAT markets, the same with Crypto markets, we have BTC and Alts stuck and tied together in more ways than one. Yes some small cap coins may decouple from Bitcoin for a time, but with Binance and other companies bringing in margin trading for every coin that moons once, then I think it's highly unlikely this will happen, unless we get mass adoption and more money and people involved in Crypto. So for now we have to just watch the markets play out with Bitcoin as King and the rest of the Alts sitting as it's Subjects.
We're far from seeing Ethereum or any potential altcoins not going to have ties with bitcoin's move. It's entirely the whole cryptocurrency that's already been with bitcoin so I know that it could be odd for some people to see that everything reacts whenever bitcoin reacts.
But that's how it works and we will see in the future if something like what you're thinking could happen although imo, I don't think it will or there will be.
But that's how it works and we will see in the future if something like what you're thinking could happen although imo, I don't think it will or there will be.
Alts are tied to Bitcoin because they are mostly traded against Bitcoin. So, for this decoupling to happen they should start to be traded against fiat more. This is hard to achieve, because well-regulated exchanges aren't too keen to list unpopular altcoins, and even if this happens, traders prefer to trade on less regulated exchanges. So, only the biggest altcoins stand a chance to become more independent from Bitcoin. But they need to have good fundamentals to do so, so that there is some legitimate interest from investors, and so far this isn't happening - altcoins simply don't do much, they like to make some noise, but practice shows that they severely lack real-world use.
I know it is highly unlikely, but I still have to ask the question. The way it has always been is alts move up when bitcoin goes sideways, or alts get crushed if bitcoin goes down or they get crushed in bitcoin value if bitcoin goes up. Even the top alts suffer from this to some degree so I wonder if it's possible someday for let's say ETH to have price action noncorrelated to bitcoins drops or big moves up. The way the structure of the market is everything depends on bitcoin like when dropped to 3,800 not too long ago everything else took a dive with it. I wonder if ETH or some alt can ever decouple from bitcoin? My guess is probably not its just the way it is even tether goes below a dollar sometimes depending on bitcoin price action. There are some alts that have all time highs before bitcoin does so in a way that is kind of a decoupling, but they still suffer from bitcoins price action. Anyway interesting subject to discuss I would love to get everyone's take on it
It is not always true, you can check omc each coin has it's own movements depending on fundamental events so you cannot say that they follow btc, even now many projects are really pumping parabolically, just check swissborg in that case, while BTC and most of other coins are silent rather seem to be in sleep mode.Secondly, I think you are taking it in wrong sense, price movement in most of coins is not coupled to btc rather it depends on overall crypto market cap, if volume decreases there is high chance of price decrease and if it increase there are chances of increase in price of most of the coins, so thinking everything is attached to btc is not correct.
In my opinion, the decoupling could be achieved on the right cryptocurrency if most of the transactions happen within its ecosystem or in a decentralized manner. A cryptocurrency will have to be fully independent of centralized platforms and be able to properly control its supply via governance. I don't really like how they move together. They need to grow at their own pace and not control via centralized platforms. That is one of the ways we know they are doing well or not, without some sort of manipulations.
That's ever happened before and did you see the market when bitcoin has been getting drowned but ethereum was getting the reversal trend and it's not following bitcoin? i guess this also depends on the development progress.
I think ethereum can't leave from bitcoin domination at least it can but it's not forever
I think ethereum can't leave from bitcoin domination at least it can but it's not forever
I know it is highly unlikely, but I still have to ask the question. The way it has always been is alts move up when bitcoin goes sideways, or alts get crushed if bitcoin goes down or they get crushed in bitcoin value if bitcoin goes up. Even the top alts suffer from this to some degree so I wonder if it's possible someday for let's say ETH to have price action noncorrelated to bitcoins drops or big moves up. The way the structure of the market is everything depends on bitcoin like when dropped to 3,800 not too long ago everything else took a dive with it. I wonder if ETH or some alt can ever decouple from bitcoin? My guess is probably not its just the way it is even tether goes below a dollar sometimes depending on bitcoin price action. There are some alts that have all time highs before bitcoin does so in a way that is kind of a decoupling, but they still suffer from bitcoins price action. Anyway interesting subject to discuss I would love to get everyone's take on it
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