Topic: Will alts really die once BTC starts climbing unbelievable highs? (Read 912 times)

Most of the altcoins will die in my opinion, but this isn't a bad thing at all... just check the bunch of alt coins with no use case or which are already dead and still listed on exchanges / cmc and so on... the coins with real use cases will survive...

Everything dies, and not only altcoins but Bitcoin will vanish one day. However, BTC climbing up is not a risk to existing alts. People, who invest money in trusted tokens, will always get high returns. Simply do not play with shitcoins.

It is possible to altcoin even bitcoin die, don't what to be reason maybe something that make it will be zero value. Very little chance, maybe. But not want to resist that it can possibly happen. But when bitcoin high, it wouldn't really make alts die because it is all depends on their developer how they manage their coin.

patz22

full member

Activity: 1176

Merit: 104

Seems like bitcoin is still unstoppable especially today that it reached another pump well alts might follow once btc is stable for weeks then we can experience alt season but we have to ensure that btc will not slide. Lets keep hoping for better alt season

ChaoChibai

member

Activity: 588

Merit: 10

-ethernity cloud-

If bitcoin starts climbing unbelievable highs and the alts just stand still in the position, i think alts will be unworthy. The gap between both btc and alts will be so high and it will makes alts doesn’t has value.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Most of the altcoins will die in my opinion, but this isn't a bad thing at all... just check the bunch of alt coins with no use case or which are already dead and still listed on exchanges / cmc and so on... the coins with real use cases will survive...

Those coins that has no use case will definitely be dead. Who the heck will invest in them anyway? people are seriously getting attached to the market now and starts to become curious on what coins to invest and that's why there will be bunch of them that will start to lose popularity. There will be few good that shall remain. But we'll see it that as long as that altcoin is totally useless and no use, expect that they will be soon be dead.

gwdf1

full member

Activity: 680

Merit: 103

Most of the altcoins will die in my opinion, but this isn't a bad thing at all... just check the bunch of alt coins with no use case or which are already dead and still listed on exchanges / cmc and so on... the coins with real use cases will survive...

Everything dies, and not only altcoins but Bitcoin will vanish one day. However, BTC climbing up is not a risk to existing alts. People, who invest money in trusted tokens, will always get high returns. Simply do not play with shitcoins.

Iyeman

sr. member

Activity: 1183

Merit: 251

Quote from: Lawrenzoo on June 28, 2019, 06:45:32 AM

Most of the altcoins will die in my opinion, but this isn't a bad thing at all... just check the bunch of alt coins with no use case or which are already dead and still listed on exchanges / cmc and so on... the coins with real use cases will survive...

The coins are considered as shitcoins will die but the platform that already delivered a good product will still alive. Anything will have determined by the platform itself whether they can survive or not. But bitcoin bulltrend will give long term impact

stfN2128

member

Activity: 882

Merit: 14

Most of the altcoins will die in my opinion, but this isn't a bad thing at all... just check the bunch of alt coins with no use case or which are already dead and still listed on exchanges / cmc and so on... the coins with real use cases will survive...

lonelyguy

newbie

Activity: 88

Merit: 0

Quote from: ?? on ??

It is not the only way to see it, there is indeed a different approach in which Bitcoin opens up a path for others to cross and rise. That is the case with MintMe (a platform where users can create tokens and trade them later) and as it is not too bold to foresee, token holding might become the next bull market soon.

By The way, this is MintMe

and this is Webchain

Best regards...

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: gentlemand on May 10, 2019, 05:03:39 AM

BTC doesn't offer smart contracts for example - so for a strong BTC to mean the end of ETH, ADA, EOS and so on, it would also mean a strong BTC means the end of smart contracts - and that just won't happen. There are plenty of coins out there that have real use-cases where BTC is not and will never be the answer.

No one gives a fuck about functionality. All they want is more dollars.

I do give a fuck about functionality, everything is not about the money.

I don’t agree with you mate, everything we do in cryptocurrency should not all be about making money, we have to also think of the ease and convenience of doing businesses with cryptocurrency, you see, it is because people are beginning to go outside what cryptocurrency is meant for that they see it as just an industry to come, put money and multiply it for few dollars.

The time is coming that all of them will cry for these services, and I know that crypto will not always be mainly source of investment, there is more to crypto, but because we are still in its early stage of adoption, and because there are no form of regulation, that is why they feel it is just going to be useful for making few dollars alone. This is why government is nit paying to much attention to it too because we make it feel like It is a Ponzi scheme.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

I cannot disagree more with the original comment. A strong BTC definitely doesn't mean the end for all alts. This would only be the case if all functionality offered by all alts was available via BTC in a superior way - and that is not the case at all.
BTC doesn't offer smart contracts for example - so for a strong BTC to mean the end of ETH, ADA, EOS and so on, it would also mean a strong BTC means the end of smart contracts - and that just won't happen. There are plenty of coins out there that have real use-cases where BTC is not and will never be the answer.
Yes, BTC market dominance is increasing - as it often does during a bear run as BTC is more resilient. Similarly at the start of a bull-run BTC gets stronger as more money comes into crypto via the BTC gateway. But as a bull-run goes on, BTC tails off and alts grow stronger again.

Well, we can have this features as sidechain and we need something that works that is not bad for decentralization .
It seems Bitcoin developers are not under pressure... They are probably taking their time and solving the problems gradually.
They may have lots of solutions to the Bitcoin problems but the likelihood of centralization have made them to be cautious

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

The good altcoin and strong altcoin will not die if bitcoin increase is so high, but they could follow to increase and adjust their price to the new price. We will see the selection of the altcoin soon, and the weak altcoin will be left by the community and also the team. The strong coin will survive in any situations, and even it could rise again after the cryptocurrency market stable for a while.

sujonali1819

legendary

Activity: 2436

Merit: 1189

Need Campaign Manager?PM on telegram @sujonali1819

This type of questions also thought by me about two days ago. Anyway, I think when bitcoin will go more higher then most of the Altcoin will go away and only high ranked And new Altcoin (that time) will alive with the market. Here I thinking bitcoin price about more than 100k$.

HitTheLow

full member

Activity: 590

Merit: 100

HIT the low and HOLD till moon

Quote from: unusualfacts30 on June 28, 2019, 11:01:07 AM

https://ethereumworldnews.com/crypto-vcs-bitcoin-nears-100000-2021-altcoins-die-off/amp/

Watched this.
Heisenberg Capital, led by Max Keiser and Stacy Herbert, two of the most early cryptocurrency adopters, gave a statement that BTC will probably outperform in the near term and will end the whole game for alts as the whole capital is currently being fetched out of alts and being put in BTC only to make it realize its true value. They believe that 2018 was all a comeback for Bitcoin to claw back the market share out of altcoins.

I've been watching and I'm seeing each and every of their word to be getting proven true as all the alts are just declining and people are trying to steal the only giant cryptocurrency - Bitcoins by only playing the leveraged trading games going on over Futures platforms and exchanges like Bitmex. The volume for each alt is declining to their all time lows while BTC has started showing greater possibilities of breaking its all time record highs once again.

Please share your thoughts on this and tell me what do you think.

Alts will grow with bitcoin all together.. nobody will die

cepot9

full member

Activity: 1050

Merit: 102

Cryptocurrency addict | Invest at your own risk.

actually altcoin isn't dead, it's just that it's not time for altcoins to go up. I hope so, so we just wait for the time and not because they die

campusnet

member

Activity: 481

Merit: 11

I don't completely agree with that message. I think it would be completely opposite and alts would rise once bitcoin has reached certain threshold. People like to diversify their portfolio and it would be very difficult to put all that in just one bitcoin. There is less reward for those investing.

some altcoins are seen as having high potential. help them not sell it for bitcoin. especially at very cheap prices. it will not provide the same benefits even though we store bitcoin. waiting for the altcoin to grow and having a reasonable price is the best choice.

unusualfacts30

hero member

Activity: 1540

Merit: 500

Quote from: gentlemand on May 10, 2019, 05:03:39 AM

https://ethereumworldnews.com/crypto-vcs-bitcoin-nears-100000-2021-altcoins-die-off/amp/

Watched this.
Heisenberg Capital, led by Max Keiser and Stacy Herbert, two of the most early cryptocurrency adopters, gave a statement that BTC will probably outperform in the near term and will end the whole game for alts as the whole capital is currently being fetched out of alts and being put in BTC only to make it realize its true value. They believe that 2018 was all a comeback for Bitcoin to claw back the market share out of altcoins.

I've been watching and I'm seeing each and every of their word to be getting proven true as all the alts are just declining and people are trying to steal the only giant cryptocurrency - Bitcoins by only playing the leveraged trading games going on over Futures platforms and exchanges like Bitmex. The volume for each alt is declining to their all time lows while BTC has started showing greater possibilities of breaking its all time record highs once again.

Please share your thoughts on this and tell me what do you think.

I don't completely agree with that message. I think it would be completely opposite and alts would rise once bitcoin has reached certain threshold. People like to diversify their portfolio and it would be very difficult to put all that in just one bitcoin. There is less reward for those investing.

arpon11

sr. member

Activity: 882

Merit: 282

I did not see any of the altcoin dying because Bitcoin keep move up in an unbelievable rate. What is happening now is, few of them are following bitcoin in this bullish trend we are seeing now but that do not mean coins like dash and zcash that do have positive relationship with bitcoin in it directions are not going to get bullish again or dying. Some of the owners of these coins really needs to develop their projects and marketing in away that there will not depend on bitcoin for growth. However, many of the coins that are not ready for this should be ready to be out of the market in no time!

Lawrenzoo

jr. member

Activity: 378

Merit: 2

BTC doesn't offer smart contracts for example - so for a strong BTC to mean the end of ETH, ADA, EOS and so on, it would also mean a strong BTC means the end of smart contracts - and that just won't happen. There are plenty of coins out there that have real use-cases where BTC is not and will never be the answer.

No one gives a fuck about functionality. All they want is more dollars.

I do give a fuck about functionality, everything is not about the money.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: Stedsm on May 10, 2019, 04:00:32 AM

BTC doesn't offer smart contracts for example - so for a strong BTC to mean the end of ETH, ADA, EOS and so on, it would also mean a strong BTC means the end of smart contracts - and that just won't happen. There are plenty of coins out there that have real use-cases where BTC is not and will never be the answer.

No one gives a fuck about functionality. All they want is more dollars.

Cnut237

legendary

Activity: 1904

Merit: 1277

I cannot disagree more with the original comment. A strong BTC definitely doesn't mean the end for all alts. This would only be the case if all functionality offered by all alts was available via BTC in a superior way - and that is not the case at all.
BTC doesn't offer smart contracts for example - so for a strong BTC to mean the end of ETH, ADA, EOS and so on, it would also mean a strong BTC means the end of smart contracts - and that just won't happen. There are plenty of coins out there that have real use-cases where BTC is not and will never be the answer.
Yes, BTC market dominance is increasing - as it often does during a bear run as BTC is more resilient. Similarly at the start of a bull-run BTC gets stronger as more money comes into crypto via the BTC gateway. But as a bull-run goes on, BTC tails off and alts grow stronger again.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

No mate, it's not the same case this time as I believe that whatever we expect from crypto markets, it does always opposite of the same and when big players already know that there's not much steam left in the altcoins' trading game and all the money is being shifted to margin trading for much better returns, this time it'll prove to be a lot more different than before.

Emotion and perception go in cycles hand in hand with price.

We all know almost all alts are junk and will never achieve shit. They've done nothing other than sit there and look worthless in the year and half since they were supposed to put your prostate on the blockchain. People are bored and disenchanted with them and rightly so.

As soon as there's a whiff of bubbledom they're going to come roaring back. I don't think there'll be anything as pathetic and enticing as ICOs ever again, but unit bias and the perception of 'getting in early' are universal human traits which will never go away.

Stedsm

legendary

Activity: 3052

Merit: 1273

Quote from: bummm on May 09, 2019, 02:32:38 PM

Quote from: gentlemand on May 07, 2019, 04:51:57 PM

No.
Hope, or rather greed and delusion, springs eternal. The higher and more dominant BTC gets, the more shit there'll be scrabbling in the mud claiming its turn is next. In terms of shitcoins we ain't seen nothing yet.
There's a near infinite supply of the stupid and greedy. Shitcoinland may go deeper into obscurity. It's never going away.

The latest bull run proved that the situation can be quite different. When Bitcoin starts growing really high, altcoins go after it. Some of the tokens gain (in percents) even more than BTC.

No mate, it's not the same case this time as I believe that whatever we expect from crypto markets, it does always opposite of the same and when big players already know that there's not much steam left in the altcoins' trading game and all the money is being shifted to margin trading for much better returns, this time it'll prove to be a lot more different than before. I don't say that alts may die completely, but the way many of then were overvalued, it's time for them to see the real action by the whales who will put innocent people into traps again (the way they had been doing so far) and then throw those alts into graveyard by making their values go least in USD and BTC alone will rule.

bummm

full member

Activity: 630

Merit: 100

Quote from: gentlemand on May 07, 2019, 04:51:57 PM

No.
Hope, or rather greed and delusion, springs eternal. The higher and more dominant BTC gets, the more shit there'll be scrabbling in the mud claiming its turn is next. In terms of shitcoins we ain't seen nothing yet.
There's a near infinite supply of the stupid and greedy. Shitcoinland may go deeper into obscurity. It's never going away.

The latest bull run proved that the situation can be quite different. When Bitcoin starts growing really high, altcoins go after it. Some of the tokens gain (in percents) even more than BTC.

cryptokong

newbie

Activity: 9

Merit: 0

Alts are part of a big ecosystem.
At the moment btc rises and alts bleed because no new money are flowing in.
Alts always will survive even in 10 years.
At some point people will hold btc and speculate with alts!

Muzika

sr. member

Activity: 980

Merit: 261

There are some alts in the market that once the bitcoin starts to have a nice pump the value also of some alts get pump, not all coins are bitcoin dependent because they had their own data that can make the price move in different directions.

CoinEraser

legendary

Activity: 1988

Merit: 1768

Quote from: Adriano2010 on May 07, 2019, 12:10:15 PM

I think the old and trusted coins will not die even if bitcoin will reach 500,000$ or more, they will still be used and will still have some value, i reffer to coins like Ethereum, Litecoin and others who already have an history on market.

I think the same thing. Altcoins are an integral part of Bitcoins eco-system and will remain so forever. Surely many shitcoins will die, but good and well known coins like Litecoin and others, will certainly not die because of a high Bitcoin price. Max Keiser has already met many statements that have not come true. Therefore I would not believe everything he claims. Wink

Gheka

hero member

Activity: 1526

Merit: 501

DGbet.fun - Crypto Sportsbook

Quote from: minersday on May 08, 2019, 05:52:57 AM

There is no way altcoins are gonna die even if Bitcoin is worth $100k. Altcoins present a certain kinda balance to the crypto market. Each altcoin has specific roles they play in the crypto ecosystem. Altcoins also introduce different features to the blockchain technology. Ethereum for instead introduced the smart contract protocol onto the blockchain platform which totally eliminated the third party system used in the transaction of goods and services.

Agree that altcoin will not die even if the value of bitcoin reaches a very high price because as you say, the features of each altcoin always contribute to building services and systems in the field of crypto, and with projects that always use these features, eliminating or making altcoin completely dead is difficult. However, not dead but that is not a good thing with altcoin when bitcoin's value climbed to an unbelievably high level, market capitalization will almost focus on bitcoin, altcoin will become very cheap and people will no longer be interested in investing, the holders will suffer great losses

niisarearning

sr. member

Activity: 910

Merit: 252

Not all alts Ethereum , EOS , NEO ,NEM even there is lots of platform giving real solution but >bitcoin price hike always effect other altcoins atleast for short run . So bitcoin climb healthy for other altcoins growth.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

Quote from: rdbase on May 07, 2019, 01:56:34 PM

Please share your thoughts on this and tell me what do you think.

Let's put it this way:

December 2017

1 BTC = $19900

December 2017

1 ETH = $1380
1 ETH = 0.096 btc

1 XRP = $2.80
1 XRP = 0.00020 btc

1 BCH = $4000
1 BCH = 0.24 btc

other altcoins also had very high prices, the question here is:

- which crypto has a better chance of overcoming the prices of December 2017 in two years?

probably, people have already done these analyzes

minersday

hero member

Activity: 1484

Merit: 535

There is no way altcoins are gonna die even if Bitcoin is worth $100k. Altcoins present a certain kinda balance to the crypto market. Each altcoin has specific roles they play in the crypto ecosystem. Altcoins also introduce different features to the blockchain technology. Ethereum for instead introduced the smart contract protocol onto the blockchain platform which totally eliminated the third party system used in the transaction of goods and services.

TheKeyLongThumbI

full member

Activity: 448

Merit: 100

No, but they will die because of their uselessness. I think we have come to a point where the altcoins and other projects has only few years to prove that their product is worth to be used and recognized. They better show us great progress and developments because that is the only key for them to see theirselves competing with the other top coins.

partysaurus

sr. member

Activity: 574

Merit: 251

it feels possible that alot of them will die out , feels like its way to many that are used for nothing , not realy understanding the use case for 99% of them, feels they are just get rich schemes with no real substance.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

My opinion is based on the market speculator's point of view, and that is that when uploading the bitcoin, the altcoins obviously go down, by normal action that the investors sell fast to buy bitcoin, but when the correction comes they will invest quickly in the altcoins, because its price will be much lower than it was before.

Now the intelligent speculator will make these movements if and only if it is assured that the bitcoin is starting its Bullish trend phase, because when bitcoin is gradually rising, the market of the Altcoins will begin to follow that bullish path, until they are able to stabilize, This occurs because investors never buy at maximum, they always take much of their money in altcoins because they know very well that altcoins have recoveries up to x10. If it is in this way, but if it is otherwise, it would put capital at risk.

ebliever

legendary

Activity: 1708

Merit: 1036

The pattern has been for BTC dominance to plunge during bull market rallies. Meaning that when it approaches a new ATH we can expect that alts will be growing faster in general. The notion that bitcoin will be the only surviving crypto is just harebrained and keeps getting wronger and wronger as time goes on. There will be myriad financial niches filled by myriad cryptos in the future.

olohifie

jr. member

Activity: 224

Merit: 1

Once bitcoin gets to the reaches of $100,000 per coin as some here are speculating it could reach within a few years then you will start seeing altcoins dropping off like flies.
The king will take the reigns and at this point in time will probably be the main transmittance of value in several parts of the world such as venezuela.
Its time will come.

Well, a rise for BTC will be a rise for alts especially ETH. We all know how they crashed together. They must't always but this time prospects are that bull will be across board. I don't see BTC touching 100k as some claim. Until then but for now we keep investing

AndreyVen

newbie

Activity: 38

Merit: 0

Bitcoin isn't an end all be all.

Different use cases, different blockchain networks.

Privacy, smart contracts, cloud storage, micro transactions, settlement layer... to name a few.

CryptoBry

sr. member

Activity: 1008

Merit: 355

Heisenberg Capital, led by Max Keiser and Stacy Herbert, two of the most early cryptocurrency adopters, gave a statement that BTC will probably outperform in the near term and will end the whole game for alts as the whole capital is currently being fetched out of alts and being put in BTC only to make it realize its true value. They believe that 2018 was all a comeback for Bitcoin to claw back the market share out of altcoins.

I've been watching and I'm seeing each and every of their word to be getting proven true as all the alts are just declining and people are trying to steal the only giant cryptocurrency - Bitcoins by only playing the leveraged trading games going on over Futures platforms and exchanges like Bitmex. The volume for each alt is declining to their all time lows while BTC has started showing greater possibilities of breaking its all time record highs once again. Please share your thoughts on this and tell me what do you think.

Based on what I know on the history of Bitcoin, when it can be gaining grounds many of the altcoins will be carried with it along the way. The excitement in Bitcoin can overspill into many altcoins but of course it does not mean that all altcoins can get benefited as there can be some that will be left behind. In the year 2017 when Bitcoin almost reached the $20K level, many altcoins also did their own bull run. Bitcoin then is the barometer of the whole cryptocurrency industry...when people are rushing into its bandwagon we can expect some eyeballs also into many good altcoins. When Bitcoin is up the whole industry can be up and when Bitcoin is down the same thing can happen with the rest of his minions though they are all competitors in many ways.

avikz

legendary

Activity: 3080

Merit: 1500

Quote from: DreamStage on May 07, 2019, 06:39:37 PM

https://ethereumworldnews.com/crypto-vcs-bitcoin-nears-100000-2021-altcoins-die-off/amp/

Watched this.
Heisenberg Capital, led by Max Keiser and Stacy Herbert, two of the most early cryptocurrency adopters, gave a statement that BTC will probably outperform in the near term and will end the whole game for alts as the whole capital is currently being fetched out of alts and being put in BTC only to make it realize its true value. They believe that 2018 was all a comeback for Bitcoin to claw back the market share out of altcoins.

I've been watching and I'm seeing each and every of their word to be getting proven true as all the alts are just declining and people are trying to steal the only giant cryptocurrency - Bitcoins by only playing the leveraged trading games going on over Futures platforms and exchanges like Bitmex. The volume for each alt is declining to their all time lows while BTC has started showing greater possibilities of breaking its all time record highs once again.

Please share your thoughts on this and tell me what do you think.

I truly agree with this statement because I strongly belive that the community doesn't need so many altcoins. There should be only 3 - 4 cryptocurrencies available in the market and rest all should be scrapped! Because all of these altcoins are wastage of time and energy and also a threat to the crypto market. The investments are getting divided for no reason and making the bitcoin market weaker than its true potential!

We currently have more than 2000 cryptos as per coinmarketcap and 99% of them don't have any utility. For the greater good, these altcoins need to bleed dry!

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

I do believe alts will really die once BTC starts climbing unbelievable higher prices.
Since i am a trader i can tell you if it reaches > 1000% price from alts i will just quit on them. It will not worth my time trading on such alts since the small tradings around Bitcoin will be higher as in terms of profit.

You say alts will die because they don't give out much profit than Bitcoin but altcoins can survive without having to do so. We slowly see the price of alts go down recently but it's far from dying.

Quote from: ||bit on May 07, 2019, 03:23:29 PM

I don't think alts will die if BTC climbs to unbelievable highs. Yes, it can bleed on btc pair but if the project is offering something real, it would have value.

For instance, a token worth 0.01 btc right now would worth around 0.00001 btc if btc make a 1000x. Yes, you lost a huge amount compared to btc holding that altcoin but on the other hand, token worth 58$ at the start and at the end it was still 58$.

Your example only applies to stablecoins. It's unlikely for altcoins to maintain the same value from start to end and a lot of altcoins could gain more if BTC starts on a run.

Mr.Ease

hero member

Activity: 1596

Merit: 534

Quote from: gentlemand on May 07, 2019, 04:51:57 PM

No.

Hope, or rather greed and delusion, springs eternal. The higher and more dominant BTC gets, the more shit there'll be scrabbling in the mud claiming its turn is next. In terms of shitcoins we ain't seen nothing yet.

There's a near infinite supply of the stupid and greedy. Shitcoinland may go deeper into obscurity. It's never going away.

Agreed +1

Who doesn't like a good shit-coin once in a while Tongue

DreamStage

sr. member

Activity: 625

Merit: 258

I do believe alts will really die once BTC starts climbing unbelievable higher prices.
Since i am a trader i can tell you if it reaches > 1000% price from alts i will just quit on them. It will not worth my time trading on such alts since the small tradings around Bitcoin will be higher as in terms of profit.
You will be able to confirm this if you are a current trader.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

No.

Hope, or rather greed and delusion, springs eternal. The higher and more dominant BTC gets, the more shit there'll be scrabbling in the mud claiming its turn is next. In terms of shitcoins we ain't seen nothing yet.

There's a near infinite supply of the stupid and greedy. Shitcoinland may go deeper into obscurity. It's never going away.

Odonko

member

Activity: 201

Merit: 10

Most altcoins are useless at the moment and many investors have realized the mistake of ever investing into some of these altcoins. Apprently, not all coins shall die if bitcoin rises and some altcoins would surely rise in the bull market of bitcoin.

jak3

legendary

Activity: 1274

Merit: 1004

I guess they just watched Avengers income recently should be chest trying to think themselves as Doctor Strange. They are just trying to watch all the alternative realities and possibilities of Bitcoin rising to $10,000 and maybe even more. Do you guys still care about the price unbelieve that Bitcoin is going to destroy all the old coins in the market? Like for real can you see only a single brand in the market when you drink a soda or beer there are definitely competitors are there and so does cryptocurrency also going to have. No matter what happens or what takes place old coins are not going to be extinct from the market.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

For a while they will lose their value and 'die' though I don't think they will die for good. Once bitcoin started climbing down, the capital of people will go somewhere else, and people will get back to trading alts, pumping and dumping them for a while then go back to bitcoin once it shows signs of bullish touch all over again. What happens when bitcoin starts climbing is that people trading on alts are just moving their funds on what is more profitable, and at that scenario, bitcoin is the best bet that's why the altcoin market is looking gloomy while bitcoin shines. If both fails, other assets will receive that capital and the cycle continues.

Moshaid

copper member

Activity: 546

Merit: 1

With things happening around the market lately I will agree with you that altcoins will die once bitcoin starts mooning but in cryptocurrency there's nothing like 100% predictions. The names highlight above made their predictions based on some circumstances that they have seen but still it's too early to conclude with such predictions.

proTECH77

member

Activity: 1120

Merit: 30

Bisq Market Day - March 20th 2023

Candidly speaking, not all altcoins will die simply becasue of Bitcoin unbelievable highs, what we can see at this junction is, to see some altcoins gaining more profits than usual why definitely some others altcoins will die slowly. Currently i had some altcoins in myether wallets, and have gained some addiction since the rise of Bitcoin.

||bit

hero member

Activity: 924

Merit: 506

I don't think alts will die if BTC climbs to unbelievable highs. Yes, it can bleed on btc pair but if the project is offering something real, it would have value.

For instance, a token worth 0.01 btc right now would worth around 0.00001 btc if btc make a 1000x. Yes, you lost a huge amount compared to btc holding that altcoin but on the other hand, token worth 58$ at the start and at the end it was still 58$.

rijaljun

sr. member

Activity: 1274

Merit: 267

Quote from: The Cryptovator on May 07, 2019, 02:42:52 PM

Not sure alts will die or not but seems we are on deep bear market when I look on my alt coin portfolio. Most of alts dumping very hard and not recovering as well. Who know, perhaps alts will start recover once bitcoin stay stable. I think most of peoples or traders are busy with bitcoin trading, and thats the reason why alts are bleeding. But really it doesn't mean alts would die totally. If alts die then how traders will get profit from markets. Just trading with fiat and btc isn't enough to continue crypto revolution.

I think it's possible since the Bitcoin aims to be a peer-to-peer electronic cash system, and from that we can conclude that Bitcoin are here not for trading. So, if we talk about industry then it's very possible for altcoins to be no more interesting for most people and then they will die. How about Bitcoin? Can it also die? Absolutely yes, but so far Bitcoin is the most perfect cryptocurrency and there is no reason for Bitcoin to die before altcoins.

The Cryptovator

legendary

Activity: 2408

Merit: 2226

Signature space for rent

Not sure alts will die or not but seems we are on deep bear market when I look on my alt coin portfolio. Most of alts dumping very hard and not recovering as well. Who know, perhaps alts will start recover once bitcoin stay stable. I think most of peoples or traders are busy with bitcoin trading, and thats the reason why alts are bleeding. But really it doesn't mean alts would die totally. If alts die then how traders will get profit from markets. Just trading with fiat and btc isn't enough to continue crypto revolution.

AntoCokbun

full member

Activity: 322

Merit: 100

I don't know what will happen if bitcoin is able to reach the highest level in its history, but what I'm thinking here is that not all altcoins will die and maybe only a few of them can't afford to survive in times of difficult times and loss of trust from investors. For sure, I think when bitcoin will continue to increase then other large coin coins such as ethereum, and ripple will still follow it.

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: Stedsm on May 07, 2019, 11:57:06 AM

Quote from: Beerwizzard on May 07, 2019, 11:33:24 AM

1. First of all during the obvious bull run all markets were green. Shitcoins sometimes were doing x10 while BTC gained only 10%

Really? Any proof? Where the shit did you find that?
It's true that alts gained a lot during the bull run, but BTC also did a 3x compared to whatever the 10% you're talking about.

Have you never compared Bitcoin volatility to altcoin volatility? They are by no means equal. During the bubbles, altcoins rise much harder than Bitcoin. During the bear markets they fall much harder.

Compare the gains made by Ethereum during calendar year 2017. Ethereum rose about 16,000% over that time. Bitcoin rose about 2,000%. When the crash came, Ethereum lost 95% of its value while Bitcoin only fell 84%. This dynamic is reflected by most altcoins. The smaller an altcoin's market is, the more exaggerated this effect is.

rdbase

legendary

Activity: 2828

Merit: 1497

Join the world-leading crypto sportsbook NOW!

Once bitcoin gets to the reaches of $100,000 per coin as some here are speculating it could reach within a few years then you will start seeing altcoins dropping off like flies.
The king will take the reigns and at this point in time will probably be the main transmittance of value in several parts of the world such as venezuela.
Its time will come.

rijaljun

sr. member

Activity: 1274

Merit: 267

I do believe that Bitcoin is the only blockchain product that will be exist in the future. The rest of crypto will eventually die. There are few reason behind my opinion :

First, that Bitcoin has a perfect concept while other cypto are just following hype, copying other's idea, and claiming to be the best. Second, Bitcoin is the only one that have been invented by unknown person (Satoshi Nakamoto) which make the growth of Bitcoin is purely caused by community support. Third, Bitcoin is the most decentralized product built with Blockchain. I'm glad that we don't know who Satoshi is and I hope Satoshi would never come to public. If he decide to come to public, someone might have a personal feeling with Satoshi which will make Bitcoin looks bad or someone will push Satoshi to do anything against the original concept that will give them advantages from it or to make control over Bitcoin.

Samuel4

jr. member

Activity: 331

Merit: 1

This could be true. Before now I was thinking that alternative crypto currencies will increase in price when Bitcoin price goes up. But currently the case seems to be the reverse. The reason behind this is that so many people are selling their alternative crypto currencies to buy Bitcoin for hodling, expecting high returns. This trend can lead to a fall in the price of altcoins.

rdbase

legendary

Activity: 2828

Merit: 1497

Join the world-leading crypto sportsbook NOW!

Quote from: Adriano2010 on May 07, 2019, 12:10:15 PM

I think the old and trusted coins will not die even if bitcoin will reach 500,000$ or more, they will still be used and will still have some value, i reffer to coins like Ethereum, Litecoin and others who already have an history on market.

But even these coins are dropping in price while bitcoins price is rising. The price of bitcoin was $5900 last night and checked the price of ethereum and it was over $180.
This morning checked the price and it was right around the same price for bitcoin but ethereum dropped down to $169.
Even with a lengthened history in the cryptocurrency space they are still susceptible to dropping down in price as any other altcoin whom just started out. Just look at the original ethereum etclassic. It has never really gone up in price but just keeps going lower.

figmentofmyass

legendary

Activity: 1652

Merit: 1483