Topic: Would a BTC crash destroy alt coins? - page 3. (Read 608 times)
Bitcoin and altcoins were similar in features, but has got different platforms for functioning. In this regard, even if one fails the other won't get crashed. It'll continue to survive gaining good value and now it's time to think about growth rather than the crashes, because both were now growing in a mutual manner.
BTC is the first created in cryptocurrency or the king.
So, it will affect the trust of people who would want to invest or already invested into bitcoin. They will be getting into panic sell zone and continue dump which is not just bitcoin, altcoin will also get the effect.
but, usually if btc goes down, most of altcoins goes up or just stay.
btc goes up, altcoin goes down.
when btc stable, that's altcoin time to go up.
it depends on the trust. Probably, altcoin who can survive with better support or feature bypass the btc one day. I don't know. Just my 2 satoshi.
So, it will affect the trust of people who would want to invest or already invested into bitcoin. They will be getting into panic sell zone and continue dump which is not just bitcoin, altcoin will also get the effect.
but, usually if btc goes down, most of altcoins goes up or just stay.
btc goes up, altcoin goes down.
when btc stable, that's altcoin time to go up.
it depends on the trust. Probably, altcoin who can survive with better support or feature bypass the btc one day. I don't know. Just my 2 satoshi.
It is a good question but a tough one to answer. For me i think when btc crashes, every other coins will also be affected. BTC is the largest and the benchmark for all of these coins. It will create a depression like in economy.
Most of the altcoins are traded in pairs with BTC in exchanges and it is obvious that BTC dump willdecrease their USD volume too. However if it happens most altcoin holders will try to panic sell alts for fiat or btc as it always happens. I belive that BTC will not "crash" but it may have a very strong correction (ofc all media and "experts" like JP Morgan CEO will scream that it is) and there is a chance that it will kill some alts.
Depends on what reasons the BTC would crash. But because BTC is the main pillar for crypto, any disturbance to it will have ripple effects (no pun intended) on the market, that's natural.
But if we are to think that BTC had many crashes and still alts still survived long term but also highly thrived and increased in numbers.
So I wouldn't say a crash would destroy alts but of course, would hurt everyone.
But if we are to think that BTC had many crashes and still alts still survived long term but also highly thrived and increased in numbers.
So I wouldn't say a crash would destroy alts but of course, would hurt everyone.
This is what gives me hope. A survived crash would be a new chance, kind of a restart. Anyway, I don't think it will happen atm.
I thought if bitcoin crash, altcoins users will happy ? I mean, when the price of bitcoin fall/crash, altcoin price will pumped go high. If bitcoin crash, it will not destroy altcoins. The only change is the price of altcoins, because many altcoins following the bitcoin price.
Remember this formula.
BTC goes up, alts down
BTC goes down, alts down
BTC stable.. alts flourish
This is not always the scenario of altcoins. Sometimes when bitcoin goes down, good projects usually goes up. There are many factors to consider why altcoin goes up and down, updates or incoming events could also prevent altcoin to dump even if bitcoin pumps. BTC goes up, alts down
BTC goes down, alts down
BTC stable.. alts flourish
I will somewhat agree to your concerns, it is evident from the past the both the btc rise and crash leads to panic in altcoin markets. So we should know the risks.
Depends on what reasons the BTC would crash. But because BTC is the main pillar for crypto, any disturbance to it will have ripple effects (no pun intended) on the market, that's natural.
But if we are to think that BTC had many crashes and still alts still survived long term but also highly thrived and increased in numbers.
So I wouldn't say a crash would destroy alts but of course, would hurt everyone.
But if we are to think that BTC had many crashes and still alts still survived long term but also highly thrived and increased in numbers.
So I wouldn't say a crash would destroy alts but of course, would hurt everyone.
Yes, if bitcoin crash people will convert their money to fiat, so the alts will be affected as more people will sell their bag to stay safe. That's why it's better to leave your money as bitcoin or some top alts like eth, because strong alts have the ability to recover later when the situation stabilize instead of dying to oblivion like a lot of shit token.
Bitcoin is the cornerstone of cryptocurrencies. If it crashes that will definitely cool down the market for all cryptocurrencies. But will not be the end of it, just a new beginning 
Crashed ? I Don think so brother
Crashed it's mean system failure and another kind of error. But on this condition bitcoin still allright and maybe just going down a little bit so this normal.
Don' t made a simple conclusion on news out there. We must analyze first.
Crashed it's mean system failure and another kind of error. But on this condition bitcoin still allright and maybe just going down a little bit so this normal.
Don' t made a simple conclusion on news out there. We must analyze first.
My bad. By "crash" I meant, IDK, a speculative bubble price crash maybe?
Before I get demonized, I know BTC is not a bubble, but I think there's a big number of gamblers in this market.
Maybe some negative news or regulations would scare some people and cause some kind of crash? I really don't know, just discussing in case this happens...
Anyway, thank everyone for the discussion. If such an event happens again with BTC like happened with Mt Gox in 2013, do you think altcoins would surge? Following this present trend of surging when BTC falls...
I don't think so. I think altcoins will grow in that case. However there can be a total disappointment in crypto and all coins will drop in price. But I doubt that it'll happen.
If bitcoin were to fail then so will all of crypto.
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I know BTC probably isn't going to crash anytime soon, and in this case, if a huge BTC crash happens, eventually most altcoins would suffer alot.
No. The opposite will happen. When Bitcoin crash, altcoin market will surge. That's what is usually happens. If altcoins crash, Bitcoin is pumping. But in rare occasions, Bitcoin crash and altcoins crash too. That's a rare scenario. But it actually happening. However, Altcoins can still survive no matter what.
happen. Anyway, expect Bitcoin price will surge again soon as the CME will add Bitcoin to their futures at Dec. 18. Expect altcoins to bleed again because the Bitcoin will suck most of the volume from the altcoin market. So hold Bitcoin for now. Just to be safe.
Remember this formula.
BTC goes up, alts down
BTC goes down, alts down
BTC stable.. alts flourish
BTC goes up, alts down
BTC goes down, alts down
BTC stable.. alts flourish
So true! Maybe one exception, LTC which follows BTC trend.
If bitcoin collapses, people will lose faith in all crypto-currencies. I think that this will not happen. Manipulation will be, but the collapse of bitcoin is gone. Especially altoquin is now very dependent on bitcoin.
Yes the crash of bitcoin affects altcoins but there are lots of coins which are not overpriced like bitcoin now so even though they may be affected a little bit, they will not crash hard.
Bitcoin is the mother of all cryptocurrencies. Its like a face of cryptocurrencies to the currency world. Despite bans and regulations by many countries for many reasons bitcoin community have shown trust and confidence in bitcoin currency. As a result investors are investing large amount in bitcoin. By keeping in mind bitcoins growth many investors are investing in other cryptocurrencies. In future if anything happens to bitcoin, it will definitely get reflected on other cryptocurrencies. But it will not destroy these currencies permanently.
Crashed ? I Don think so brother
Crashed it's mean system failure and another kind of error. But on this condition bitcoin still allright and maybe just going down a little bit so this normal.
Don' t made a simple conclusion on news out there. We must analyze first.
Crashed it's mean system failure and another kind of error. But on this condition bitcoin still allright and maybe just going down a little bit so this normal.
Don' t made a simple conclusion on news out there. We must analyze first.
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