Bitcoin Forum

With bitcoin price breaking all records and still rising,what do you think will it kill the altcoins for a lot of people will sell their Altcoin holdings and convert it to bitcoin.
Your views which Altcoin will survive and keep rising with bitcoin?

How could bitcoin price kill altcoins? Probably altcoin's price will be under pressure at the time of the uptrend of bitcoin price. I believe bitcoin's price wouldn't keep increasing until the ETF decision is announced. The value of altcoins are their underlying technology, not the market price which always manipulates by speculators.

http://coinmarketcap.com/all/views/all/

https://i.imgur.com/2qak4xB.png
  https://i.imgur.com/QcepEn9.png

This is what is somehow happening. All of the altcoins I am following, without a single exception, are down when compared to the price before the greatest rise of all.

The altcoin will do a correction with a new price of bitcoin if the price of bitcoin will increase and average altcoin price will decrease. Just see the altcoin get a green candle at the current situation.
Altcoin will no die even the big pump for it if the SEC try to postpone the approval.

I think the opposite will happen. If bitcoin grows, the market opportunity for the smaller alts grows with it.

In the short term, the price is held down by the fiat value, but the bigger cryptos become, the less relevant that will be.

We've been here before.

What usually happens is that when bitcoin reaches highs, people sell their alts to cash in. But if you then get a whole bunch of new users attracted to bitcoin, then interest in alts rises as they could be the "next big thing". At least that was the pattern in late 2013/early 2014.

The problem is there are too many alts, and many are very similar to others, so there might not be the same interest in alts if bitcoin really gets going.

It is generally understood that the price of BTC going up always means that it's going to be a shitfest for the altcoins. Altcoins always go red when bitcoin goes up (except some exceptions, which tend to be stupid random pumps rather anything fundamental) so don't hope for big altcoin gains: People always sell their alts for BTC.

this is not the point, dash value is higher because bitcoin is higher, but look at the value in bitcoin, for dash is not higher than what was years ago, i think bitcoin is making more hard to buy altcoin, because now they are more expensive, because you need to buy bitcoin first which cost more, and this explain the down trend for all the ago

Bitcoin showing weakness - confirmations of transactions and for end user it is very important not to wait 3 days for confirmation. Winner must be fast and easy to use. Anonymous solution is not crucial at all but Dash also has good chanses to jump 10x or more, so its more attractive.

For the short time it will press the prices of alts, but long time its a good thing, because more adoption for BTC means more people looking for alts too. Thats how we all got here and start searching.

Decentralized crypto cant be killed!



Oh I see you are concerned of value.  Well lets say now 100 people know for Bitcoin and huge part of Bitcoin economy are Altcoins. With ATH 100 new people will know about Bitcoin. So what do yo think will then happen with alts?

I believe nobody will buy Altcoins and prefer btc instead.Even big holders of bitcoin will give up eventually and sell their coins for bitcoin.This will render Altcoins useless and mean death for them.

I don't think bitcoin price kill altcoins, instead altcoin will help people to buy bitcoin by simply buying altcoin first at the cheap price amount then once the value increase at x10 or more it can be sold as more than the capital they invest.

I think BTC's increasing price shows that it's worth to put your money into any coin at all. I don't think people'll take their funds from altcoins just to put them into BTC. Not for too long, at least. Alot of people follow the simple "buy low, sell high" method. But as someone pointed out above, altcoins true potential is in their tech side. The potential is there now, but it's difficult to tell which tech will be "explored" or "work out well". It's in relation with the altcoin's future price.

short term it might hurt alts. long term it'll attract more suckers looking to get rich quick. a really powerful bitcoin will also inspire some genuinely useful alts too.

The short term price may have a negative effect on the Altcoins but usually the USD value stays the same when Bitcoins BTC price rises. People lose a little bit of BTC rather than USD though sometimes it isn't the case.

Inside CoinMarketCap.com (http://coinmarketcap.com/) the price of [ur=http://coinmarketcap.com/currencies/litecoin/l]Litecoin [LTC][/url] was pretty much hyped up to have a price rise with Bitcoin. The price of Bitcoin went up and LTC didn't go up as much as it did back in 2014. So, that means that anything could happen in trading Altcoins and the same pattern doesn't affect every coin that is listed in an exchange.
LTC has a little bit of hope since it’s an old coin and Coblee is active within the Crypto-community.

Not really because most of the alt coin is used to trade with bitcoin, so alt coin transaction volume will always be high, and with high transaction volume alt coin can't be die, the price maybe can be suppressed by bitcoin but alt coin can't be die because of the bitcoin rising price

Ofcourse not. In fact, everyday there are many altcoins are being born everyday. Its impossible to kill them. Though many altcoins are just worthless. Its still profitable tho. Just do short trade if you want it to be profitable. Some people think alts are worthless. They're wrong.

Have been thinking of raising a thread in like manner. I dont seem to get any answer for this my question with all my search in few days. The price expected after the March 11, Is the all time high that bitcoin has not experienced, so I cant be too sure anyone can give a reliable prediction. If the value of bitcoin triples, it wont automatically triples the altcoin. More so, a lot of this coins are dumping, which most people will like to hold their coin until it stabilize a little. Those ICOs that had been done since that had not being on the exchanges, I expect a manipulation in the price which I dont want to describe that could be  fraudulent

no it can not "kill the altcoins" if anything it will make them hotter, because majority of altcoins are used for pump and dump and in order to help us make more bitcoin and with higher price bitcoin it means we make higher amount of money.
and altcoins will survive and die regardless of bitcoin price, they die when their pump-ability is exhausted.


this only means you are not following good altcoins.
for example here is Monero last month:
https://i.imgur.com/CgXPmkn.jpg

If Bitcoins could get transferred from one person to another then Altcoins won't be wiped from existence. Altcoins usually have a Blockchain to show a public receipt to the people who want to lookup transactions within a certain timeframe.

If an Altcoin doesn't have the same features as Bitcoin then it would just be called another form of Digital Currency and Blockchains/sidechains/public receipts don't need to exist in that concept.

If you get the point of what I am trying to write is that the price of Bitcoin could keep most Altcoins alive if the whole Blockchain works because if there is a point where Bitcoins Blockchain gets zero transfers because it is frozen from billions upon billions+ of transactions then there isn't anything to do other than holding the coin and Bitcoin/Altcoin trading won't be possible unless it's physical transfers and that is unlikely to happen.

Bitcoin price will not continue rising forever, we experienced this case earlier when it reached over $1050 then fell under $850. From other side, I think this rise can give more value to other altcoins which are growing, in my opinion, Bitcoin will not be the only dominant cryptocurrency in the future.

well first of all that rise started from $780 and ended up at $900 despite all the fluctuations in the middle, and that is called a price rise. you are only looking at half the change!

also bitcoin will continue rising for the foreseeable future. and it will last at least a couple of years. and it may not kill altcoins but it will always hit the altcoin market pretty hard since everyone pulls out their money out of this market and moves to bitcoin at times like this when bitcoin is rising.

but that was another case, it went below $1000 only because of the bad news of chinese exchange, not because it was not holding that value, you can't compare the two, i've noticed that bitcoin is onyl dumped on bad news, otherwise would always increase slowly

Usually altcoin prices are reversely proportional to bitcoin value. This is due to maintain the same fiat value equivalent.
Hence, when bitcoin finds value appreciations, altcoins will lose their corresponding satoshi value. But, once bitcoin finds stable value, altcoins will start their rally. Means, investors might move their money from bitcoin into altcoins. I have observed this many times.

The survival of altcoin is not influenced by bitcoin's value. If a coin has reasons then it will attract investors and adopters to stay with us.

I think that ETH will survive for sure. I perceive it as an absolutely separate currency. And it is backed by a strong team, willing to develop Ethereum and spread a word about it. This is what most altcoins lack.

I think cryptocurreny market is a good channel to invest in and the bitcoin price will not rise up forever so it impossibly kill altcoins . In moment cycle of BTC price, it can go up and then down. So at the moment of BTC going up, the market tend to sell their altcoin to BTC or trade it to another currency such as USD, CNY. It lead to altcoins market going down a bit but when the price of BTC collapse, altcoins value will rehibilitate. And it plays as a cycle.

altcoin survive and whether or not it depends on its users, if users continue to survive then altcoin it will develop in the market, large bitcoin for their altcoin, without the hard bitcoin will not be able to like this

ETH will always survive, and eth too strong to get die as soon as possible. And i don't care what the others said. But in fact more users are come the to ethereum. How it grow with a lot of the fiat pairs. and continue to grow. I like it.

It is always happening the same that when ever their is rise in bitcoin you will surely see the selling pressure in altcoins as most of them are holding altcoins for profit in bitcoins and when they are seeing that bitcoin price is getting appreciated then they will shit all their altcoins profit to bitcoins and when the worthy altcoin are down to some limit most of the traders will start buying back that altcoin for investment. This is the procedure for a good trader.

I don´t think the Bitcoin price will kill other Alts. If other Alts die if from lack of community support and investment. With the Bitcoin price going up what we will see is a lot of people dumping their Alts to get some profits in Bitcoin. And if this happens the price of the coins being dump will drop to very low levels which can motivate disinterest in the coin. At least that's the way the Bitcoin price can mostly affect Altcoins.

If you are meaning that the rise of bitcoin will limit the price of altcoin in terms of bitcoin, my answer is yes. There is no point in buying altcoins when the bitcoin is rising. I might as well hold bitcoin instead. When bitcoin is stagnating, I can take the opportunity to buy into some altcoin to make more bitcoin.

We don't need too many alts, we just need best ones, and when BTC kills all those copy paste projects, we will have more room for real good alts! Even LTC holding price very well if you pair it with $. Yes it will kill shitcoins!

Bitcoin will not kill Altcoins, they are still needed in this cryptocurrency world... How will the Bitcoin kill the Litecoin Network? or Dash? or Monero?  Those networks are valuable because there are people working or mining in that.

I think that when BTC stabilizes or corrects, Alts will go up some probably higher then there were before. It is all about right timing and luck.

this is kinda my fear, however like someone said, the $ value goes up even if the altcoins go down so in a way it is not that bad if you want to cash out.

I don't think bitcoin price will kill altcoins, I think it will become alternative for bitcoin because of bitcoin price is expensive,
altcoins will become good choice because of not all of people can buy 1BTC because it is too expensive
or they can not take high risk if bitcoin price going down.

I don't think that Bitcoin rally will kill altcoins. From my experience I can say that when Bitcoin is going to a bubble (now it is uncertain if it is entered it or it is just pre-ETF speculation) altcoins are pumping even harder than BTC. It means that you can get more profits holding altcoins instead of keeping all portfolio in BTC. Only time will tell but I think that very soon all altcoins including shitcoins will pump very hard. Historical charts are teaching us about that. Though not all agree that historical patterns of chart moving is important but I'm sure they are.