what would an alt market independent from bitcoin look like?

[European Central Bank]

It is still the leader of the mainstream currency. The future may be able to pull out of bitcoin's influence, but this year it is not.

i fully expect it to remain dominant, but this thread is about how alts and bitcoin would act without the dependence on bitcoin to access alt markets. bitcoin's necessity for alts is reducing all the time.

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[Klovezio]

i've seen some talk of binance adding fiat pairs once they're settled in malta, though binance themselves seem to be denying it. you also have bittrex looking into dollars for corporate customers and i expect poloniex may do something with fiat when circle get their act together.

by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.

so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?

yea, I am trading BNB, its growth is not following the Bitcoin and unexpectedly. Once I bought BNB as it is growing. And at same time all altcoins were pretty low. Now most altcoins are following bitcoin to grow, BNB begins to dump. Maybe it is profitable to trade sometimes with BNB to buy another coins instead of USDT or BTC.

[sorrysteve1]

i've seen some talk of binance adding fiat pairs once they're settled in malta, though binance themselves seem to be denying it. you also have bittrex looking into dollars for corporate customers and i expect poloniex may do something with fiat when circle get their act together.

by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.

so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?

yea, I am trading BNB, its growth is not following the Bitcoin and unexpectedly. Once I bought BNB as it is growing. And at same time all altcoins were pretty low. Now most altcoins are following bitcoin to grow, BNB begins to dump. Maybe it is profitable to trade sometimes with BNB to buy another coins instead of USDT or BTC.

BNB isn't following bitcoin lately but overall it is and I can guarantee it will continue to do so. If bitcoin crashes significantly then so will BNB, they are linked indirectly, bitcoin's strength is indicative of the crypto markets strength and that is indicative of binance's success.

[muncuss]

so that fiat pair, will it strengthen alt, or more fun for bitcoin player? i see btc will more volatile, and it will have effect too for alt but not so extreme like alt independence.
well, indonesian traders in indodax.com prefer fiat pairs than btc pairs. but i think it's depends on how much profit we will get.

[Sidiq SP]

every stock that I think is interconnected and has rules that are not far away from each other so that it can be said that there is no extraordinary things and corruption from within, then they will live simultaneously and if matipun will die all, depending on this bitcoin whether still have appeal and are in the interest of the community, this is my opinion

[Yuuto]

i've seen some talk of binance adding fiat pairs once they're settled in malta, though binance themselves seem to be denying it. you also have bittrex looking into dollars for corporate customers and i expect poloniex may do something with fiat when circle get their act together.

by that point there'll pretty much be no need to use bitcoin as a gateway to any other coin.

so would that make a fundamental change in how the markets interact or do you reckon they'll all still live and die together?

If altcoins are directly linked to fiat, I still think that bitcoin will influence the market movements.

Just like how ETH is already traded with USD and other fiat pairs and is mostly independent from bitcoin in terms of exchanging, but still, bitcoin's market movement strongly influence how the ETH markets move still.

As long as bitcoin continues to be the #1 crypto in terms of market cap, alts will continue to crash when BTC crashes, and go up when BTC goes up. If BTC has some sort of bear market, alts won't perform that well either. Whether or not there is a need for BTC as a medium to trade alts or not.

[icalical]

If Bittrex and Binance actually list a fiat pair, it of course should impact on how alt react on Bitcoin price. Since those exchange has most market volume.  But it won't be significant unless they list all alts-fiat in their market. In fact there are some exchange that list fiat pair like Quoinex.