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Author Topic: Will bitcoin price kill Altcoins?  (Read 1431 times)
zahra4577
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February 23, 2017, 11:22:16 AM
 #1

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?

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February 23, 2017, 11:42:00 AM
 #2

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.

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February 23, 2017, 11:44:28 AM
 #3

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


  

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February 23, 2017, 11:55:14 AM
 #4

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.

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February 23, 2017, 12:13:36 PM
 #5

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?
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.

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February 23, 2017, 12:44:25 PM
 #6

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.

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February 23, 2017, 04:19:33 PM
 #7

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.

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February 23, 2017, 04:33:31 PM
 #8

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.

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.

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February 23, 2017, 04:47:49 PM
 #9


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



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February 23, 2017, 05:39:16 PM
 #10

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.
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February 23, 2017, 06:20:21 PM
 #11

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.

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February 23, 2017, 08:08:06 PM
 #12


Will bitcoin price kill Altcoins?


Decentralized crypto cant be killed!




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?


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?


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February 23, 2017, 08:39:18 PM
 #13


Will bitcoin price kill Altcoins?


Decentralized crypto cant be killed!




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?


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.

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February 23, 2017, 08:57:08 PM
 #14

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?


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.

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Youresioure
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February 23, 2017, 09:51:38 PM
 #15

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.

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February 23, 2017, 09:55:11 PM
 #16

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.

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February 24, 2017, 03:03:46 AM
 #17

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 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.


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machinek20
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February 24, 2017, 05:18:39 AM
 #18

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

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February 24, 2017, 05:43:31 AM
 #19

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.


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February 24, 2017, 06:03:26 AM
 #20

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

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