what does $1000 bitcoin price mean for altcoins?

[Herbert2020]

bitcoin broke $1000 yesterday and it is still rising, and we can already see the effects on altcoin prices because they are all dropping and the tables all look red (-4% to -40% drop).

what do you think future holds for altcoins in both short term while bitcoin price is rising and in long term when things slow down with bitcoin and its price becomes stable again?

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[NeuroticFish]

There's nothing new under the sun. Many altcoins' price has a certain level only because of the speculators. And everybody has seen over the time that Bitcoin rise means usually a fall of altcoins.
So the speculators, big and small, moved their assets into Bitcoin until the growth slows down. Then they'll buy altcoins again, making some rise again.
Most of this cycle is not related to breakthrough or development, neither for Bitcoin, neither for altcoins....

[jacaf01]

The Bitcoin is going to help Altcoins in general,  if you look at the market cap in Dollar value you will see that the value has gone up. Once BTC prise stabilise the profit will move to Altcoins

[bbc.reporter]

There's nothing new under the sun. Many altcoins' price has a certain level only because of the speculators. And everybody has seen over the time that Bitcoin rise means usually a fall of altcoins.
So the speculators, big and small, moved their assets into Bitcoin until the growth slows down. Then they'll buy altcoins again, making some rise again.
Most of this cycle is not related to breakthrough or development, neither for Bitcoin, neither for altcoins....

This explains it all. What we should be looking for and the questions we should ask are what cryptocoins are good to hold when bitcoin's price becomes stable at over 1000 dollars. Before the answer was always litecoin but not anymore.

[NeuroticFish]

This explains it all. What we should be looking for and the questions we should ask are what cryptocoins are good to hold when bitcoin's price becomes stable at over 1000 dollars. Before the answer was always litecoin but not anymore.

There are a very few with steady development and even fewer with announced feature release. Some of those can be a good bet.
Then there are a few with a good speculation history that people will still buy.
Of course, the market is capricious and what the logic tells is not always what is going to happen.

[talkbitcoin]

i think what always happens, will happen this time too.
the majority of the altcoins will get dumped real hard and their price will go down a lot. but some of them like ethereum will go down a little because as we saw recently the manipulators have lots of money to put up walls as big as 1000BTC and prevent it.

and also another group like litecoin will rise with bitcoin price as they always did in the past.

[Simperson]

I see Bitcoin is over 1,000$ but all altcoins have a devaluation about 10-50% .
If Bitcoin hits over 2,000$ how much the altcoins have devaluation?

[Febo]

bitcoin broke $1000 yesterday and it is still rising, and we can already see the effects on altcoin prices because they are all dropping and the tables all look red (-4% to -40% drop).

what do you think future holds for altcoins in both short term while bitcoin price is rising and in long term when things slow down with bitcoin and its price becomes stable again?

It means Monero ATH is inevitable!

[zana]

I see Bitcoin is over 1,000$ but all altcoins have a devaluation about 10-50% .
If Bitcoin hits over 2,000$ how much the altcoins have devaluation?

I believe there is a bottom of how much the altcoins can devaluate with the BTC rise.
After that they will just keep that price independent of the BTC price as people will be waiting for a correction.

[thebatletbet]

if bitcoin price incrase very high
can impact to altcoin, altcoin price is compare with bitcoin can down is very low price

[Cryptotraider16]

The Bitcoin is going to help Altcoins in general,  if you look at the market cap in Dollar value you will see that the value has gone up. Once BTC prise stabilise the profit will move to Altcoins

This is the only smart ansver and all true!

I see Bitcoin is over 1,000$ but all altcoins have a devaluation about 10-50% .
If Bitcoin hits over 2,000$ how much the altcoins have devaluation?

not all,if you hold right alts...see maid rise.leocoin lost 5-8%,....some even gain..but crap alts lost  alot!

[Asnatin]

I see Bitcoin is over 1,000$ but all altcoins have a devaluation about 10-50% .
If Bitcoin hits over 2,000$ how much the altcoins have devaluation?

They will devalue by 40% against the bitcoin, but might still rise in fiat.

[Shiroslullaby]

It means Monero ATH is inevitable!

Monero up 15% today.
Maybe Febo is our Monero prophet?

[Febo]

bitcoin broke $1000 yesterday and it is still rising, and we can already see the effects on altcoin prices because they are all dropping and the tables all look red (-4% to -40% drop).

what do you think future holds for altcoins in both short term while bitcoin price is rising and in long term when things slow down with bitcoin and its price becomes stable again?

It means Monero ATH is inevitable!

lol Monero UDS ATH is here at <monerobux> Monero price in USD = $15.95

How predictable is Monero

[eaLiTy]

Usually the good alternative coins that have a good trading volume does give a good opportunity to earn some profit and i really have a doubt where there is a correlation between the price of bitcoin and alt coin since both are traded along side and i hope all the alt coins will benefit from these sort price spikes in bitcoin.

[bbc.reporter]

This explains it all. What we should be looking for and the questions we should ask are what cryptocoins are good to hold when bitcoin's price becomes stable at over 1000 dollars. Before the answer was always litecoin but not anymore.

There are a very few with steady development and even fewer with announced feature release. Some of those can be a good bet.
Then there are a few with a good speculation history that people will still buy.
Of course, the market is capricious and what the logic tells is not always what is going to happen.

That is how the markets usually are. Right now it is showing that Monero could be fighting for a spot in the the top 3 if its strength continues. While everyone is waiting for litecoin to rise because it is branded as the silver to bitcoin's gold, XMR is quietly proving that it can take the 3rd and maybe the 2nd spot in coinmarketcap.com. The only question is, when?

[Sweeet123]

The more people who find about bitcoin is a greater chance of more people finding about altcoins aswell.

[ethereumhunter]

i think the big impact for altcoin is the price of altcoins itself as we can see that the price is getting down to deep and just waiting for bitcoin price is stable so the altcoins can rise again. beside that, maybe the altcoins which have not power in money will be disappear in the market.

[JeffBrad12]

The $1000 value of bitcoin means the price of altcoins were dropping a lot.

[jerelimZ]

bitcoin broke $1000 yesterday and it is still rising, and we can already see the effects on altcoin prices because they are all dropping and the tables all look red (-4% to -40% drop).

what do you think future holds for altcoins in both short term while bitcoin price is rising and in long term when things slow down with bitcoin and its price becomes stable again?

I think only good altcoins will survive like litecoin,dash,ripple,ethereum etc but most of altcoins will have negative impact of bitcoin price increment.I think at current market price litecoin is still a good investment because most likely it will rise again to 0.008 to 0.01 before February.