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Topic: Will The Sorrow of BTC Be The Pleasure of Altcoins? (Read 627 times)

sr. member
Activity: 1428
Merit: 251
Bitcoin in my opinion is a benchmark for other cryptos. If the price of Bitcoin drops deep, investors will naturally panic and sell their altcoins to USD to secure the value of their investment. This happens in my opinion because investor confidence in Bitcoin is very large and this can be seen in the dominance of transaction values in the market
sr. member
Activity: 1190
Merit: 251
Actually from what has happened so far, you can get what you ask for, when there is a correction against BTC, almost all altcoins will also experience a correction and tend to be larger, and that has been the case for years, Bitcoin will remain the strongest.
Yes, it is evidence that no one can deny because when Bitcoin is corrected, everyone prefers to save their assets into their own country's currency or into stablecoins in the crypto space, because no one wants to lose what they have earned.
full member
Activity: 1148
Merit: 101
The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.
the situation that occurs in the Altcoin market always follows the price of bitcoin in general, although there are some altcoins that make their own price changes, what I see is bitcoin which sorts all price movements up and down based on up and down charts on their own prices. Seeing this problem, Bitcoin has become the mother of all altcoins, of course the interest of crypto users if I see it is increasing.
hero member
Activity: 2996
Merit: 609
The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.
Not all the times and you would able to definitely say that when you do have already gained up some experience on this market.This had always not be the case because price of bitcoin and altcoin wont really be that
correlating to each other it could neither Bitcoin is on the pumping state and so as with the altcoins will follow and wont really be making some opposite path but sometimes it is really on the dumping situation.

It is really hard to tell and that what makes this market unpredictable or cannot really be known in terms of making some patterns or presuming those similar scenario that do happen.

Its not bad to make out some presumptions but that would be entire be in random because sentiments or news could possibly affect movements.
hero member
Activity: 2814
Merit: 576
The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.

if bitcoin has lost the trust of everyone then there are definitely no more cryptocurency users in the world. because bitcoin is the ICON of the world's cryptocurrency. Maybe many people don't know "altcoin" but everyone has heard the name "Bitcoin". so if bitcoin does not exist then cryptocurency will not exist.
There's no reason for altcoins to be in pleasure because once bitcoin loses its value, altcoins will definitely lose its value too. Yes, bitcoin is even more popular compared to altcoins and so people recognized bitcoin as the king of crypto while altcoins are only those coins used to become alternatives when they think bitcoin is not enough.

However, when the whole crypto market seems bullish because of bitcoin, eventually potential altcoins too will come up surging their prices. Only those altcoins with low potentials will remain undervalued.
member
Activity: 277
Merit: 22
lumintoken.com
The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.

if bitcoin has lost the trust of everyone then there are definitely no more cryptocurency users in the world. because bitcoin is the ICON of the world's cryptocurrency. Maybe many people don't know "altcoin" but everyone has heard the name "Bitcoin". so if bitcoin does not exist then cryptocurency will not exist.
sr. member
Activity: 896
Merit: 250
I think that if the mother of cryptocurrency is lost, it is impossible, because Bitcoin (BTC) will definitely not be lost or muted in the crypto market, because no matter how altcoins grow like winter mushrooms, BTC and ETH will always accompany under them, ,,and I don't think cryptocurrency enthusiasts will easily disappear without an absolute ban by the local government
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
when there is a correction against BTC, almost all altcoins will also experience a correction and tend to be larger, and that has been the case for years
Yes, majority of the altcoins are also going to have their own corrections following bitcoin with that move. From time to time, that's always the thing about bitcoin and altcoins connection and even with Ethereum, it's also affected by bitcoin whenever the price falls.

Bitcoin will remain the strongest.
That's going to be the case as most of the time, bitcoin will remain to be at the top spot all the time. Despite many have thought and tried to pull it down, no one has ever been lucky and succeeded.
member
Activity: 517
Merit: 10
Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.

Actually from what has happened so far, you can get what you ask for, when there is a correction against BTC, almost all altcoins will also experience a correction and tend to be larger, and that has been the case for years, Bitcoin will remain the strongest.
hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.

both have similarities and sometimes the dynamics that occur between bitcoin and altcoins are not in line, for example:
(when the price of bitcoin goes up, the price of altcoins goes down) this is the dynamic that happens with both of them.
  examples that are aligned between the two are: (when bitcoin goes up the price of altcoins also goes up).
From the example I mentioned above, I don't think the level of trust in altcoins will be lost, especially altcoins that already have many uses.
With today's happening in the market, its not still bitcoin is up, then altcoins go down. What we sees in the market is that bitcoin and altcoins are definitely going the same way more likely moving upward. So i think with the pleasure of bitcoin, altcoins will feel the same way too. When bitcoin faces sorrow, altcoins are more likely in deep sorrow too.
legendary
Activity: 2534
Merit: 1338
The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.
This is an interesting question and in my opinion it will depend on the reason behind the supposed disappearance of bitcoin, if this happens because a flaw is found in the code and governments are able to destroy it or because there is a cataclysmic event so big that people need to go back to the Stone Age then there is no way for altcoins to take the place of bitcoin, however if this happens because a new coin is created that is many times better than bitcoin then it is obvious that alternative coins in that scenario will keep on existing and now are going to be based in this new superior coin.
full member
Activity: 1246
Merit: 103
The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.

both have similarities and sometimes the dynamics that occur between bitcoin and altcoins are not in line, for example:
(when the price of bitcoin goes up, the price of altcoins goes down) this is the dynamic that happens with both of them.
  examples that are aligned between the two are: (when bitcoin goes up the price of altcoins also goes up).
From the example I mentioned above, I don't think the level of trust in altcoins will be lost, especially altcoins that already have many uses.
full member
Activity: 602
Merit: 102
Trident Protocol | Simple «buy-hold-earn» system!
The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.

The alternative was born from the many opportunities that exist, it can purely be used by individuals and globally, in the sense that what you mention has a broad meaning to be able to understand cryptocurrency itself, but overall the alternative was born from the right choice.

Bitcoin is a counterweight to existing altcoins, but there is no relationship in the development of the altcoin, whether or not an altcoin develops is greatly influenced by the seriousness of the coin in carrying out promotions and the team that works, this cannot be separated from the hard work of the altcoins themselves.
hero member
Activity: 2856
Merit: 667
Bitcoin is the icon of cryptocurrency, there is no cryptocurrency without Bitcoin then there is no use of alternative coins like there is no main road to traverse to reach the destination, Bitcoin indirectly has a strong relationship with Altcoins but the role of bitcoin dominates 80% of cryptocurrencies.
There is no way that altcoins will come to celebrate bitcoin's sorrow because bitcoin will never be beaten by altcoins in the long run. As long as bitcoin remains to be the king of crypto, altcoins are more likely to follow bitcoin's destination. And if bitcoin losses its value, i don't think altcoins will ever come to survive too when the king of crypto has failed in its goal.
legendary
Activity: 2156
Merit: 1018
Buzz App - Spin wheel, farm rewards
bitcoin sadness will become altcoin sadness where the price of altcoins is strongly influenced by bitcoin, if bitcoin falls, altcoins will certainly fall and even deeper than Bitcoin. recover bitcoin can be in 2-3 weeks there is an increase but altcoins need 1-5 months, so can't altcoins have fun on bitcoin sadness
full member
Activity: 966
Merit: 102
This statement is definitely wrong. Bitcoin is equivalent to a weathervane. When the price of Bitcoin drops, people will panic and sell other coins in their hands. Altcoins will also drop. Bitcoin affects the entire cryptocurrency market.
Yes, it has been proven long ago so there is nothing that cannot be denied because Bitcoin has become the benchmark for the entire cryptocurrency market and the benchmark for all cryptocurrency price resilience.

It could not be emphasized more that both Bitcoin and altcoin are equal in a way that these are all cryptocurrencies that exists in one market. So, when Bitcoin, the considered as the highest of them all starts falling, the same perspective will be assumed happening with every existing cryptocurrency as well. Thus, the fall of BTC cannot be a pleasure to altcoins because they are going down altogether if given the case.
full member
Activity: 854
Merit: 100
Although there are only several altcoins like BCH, BSV built upon BTC(Bitcoin forks), all altcon follow Bitcoin’s global trends. It happens because if people see that BTC is falling and a bear market is possible, they get rid of altcoins first, as they are more risky. So the sorrow of Bitcoin is also the sorrow of altcoins. That is why if Bitcoin die out, people will just get disappointed in crypto.
member
Activity: 101
Merit: 18
This statement is definitely wrong. Bitcoin is equivalent to a weathervane. When the price of Bitcoin drops, people will panic and sell other coins in their hands. Altcoins will also drop. Bitcoin affects the entire cryptocurrency market.
member
Activity: 275
Merit: 11
The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.
If BTC crashes down, so will the altcoins. Because when I looked at the market, altcoins always follow Bitcoin. Bitcoin will always be greater and being crashed down is most likely never because they have the most trust.  Altcoins are not independent.
full member
Activity: 1638
Merit: 122
Quote
alternative is a choice and not a measure of importance
that can be your point of view but for others alternative means a lot to them or they use alternative as their primary instead of an option only like here im cryptos not all can afford to transact btc because withdrawal limits and fees are higher .
but when btc sorrow it will be hard to accept it at first by all crypto users and some of them could lose interest in cryptos but some alternative coin users will get happy because that event could make the altcoins growing .
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