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Author Topic: Will altcoin go up or down on bitcoin crash?  (Read 987 times)
SHAWN-MIDWAYS
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November 27, 2017, 08:18:24 AM
 #21

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?

Bitcoin is the pack leader so if bitcoin prices drop then we should expect all other altcoins to be affected but some altcoins will appreciate in value  because they are pegged to bitcoin price and a weaking bitcoin means a more power alt but then again it all depends on how investors react to this phenomenon.

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November 27, 2017, 08:27:28 AM
 #22

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?


That is a nice question to think.

The history shows that all the alts usually follow BTC trend, so if it goes down they follow. But we see how alts like ETH become stronger and stronger each day. So, they could go up instead of going down as I believe.
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November 27, 2017, 08:46:59 AM
 #23

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?

Well usually when the bitcoin price crashes altcoin's price crashes too but sometimes as bitcoin price rises some altcoins prices will crashes for example bitcoin cash after  the announcement of lead devs of segwit2x, bitcoin price crashed from 7800 to 5500 and bitcoin cash skyrocketed and reached all time high of 2400 but now the bitcoin prices skyrocketed, altcoins are affected by surge too. ETH price have increased and other altcoins have price increase too.

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November 27, 2017, 08:49:05 AM
 #24

If the crash comes in an unpredictable way there will be a panic in all the crypto world and occasionally the other altcoins will drop and they would need a time to stabilize.

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November 27, 2017, 09:00:54 AM
 #25

When the price of bitcoin starts to fall sharply, there will be a big drop in the other COINS, and if that happens then, it could be the bear market of cryptocurrencies.

JCM
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November 27, 2017, 09:02:41 AM
 #26

Yes, altcoins will go up, but not as hard as BTC drops. A part of BTC will again flow to fiat.
 
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November 27, 2017, 09:26:29 AM
 #27

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?

Base on my observation, everytime that bitcoin fall down.
There was an altcoin booming in the market.
Like for example, what happen earlier this november.
The price of bitcoin crash until $6,000 because a lot of miners support bitcoin cash.
But later on when bitcoin cash stop in rising the bitcoin regain its value and surpass its past price.

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November 27, 2017, 09:34:27 AM
 #28

altcoin is likely to rise if the bitcoin accidents, because usually if bitcoin price rises altcoin will experience decrease bgegitu vice versa. but all that can not be predicted we just monitor it.

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redhondaxrm125
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November 27, 2017, 05:54:00 PM
 #29

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?


Well, for how many months that i have been around the crypto world, it has always been yhe same thing over amd over again. When bitcoin falls, promising altcoins rise(the good ones). Then later on, they fall in price. Which then makes bitcoin rise again. But, beats its own records every time. That's how the crypto world has been moving when i got here.

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November 27, 2017, 07:30:32 PM
 #30

Altcoins are even more likely to go down in bitcoin crashes. If they are not moving down, they only stall in general. It is very dangerous time to stay in crypto at bitcoin crash time.

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November 27, 2017, 07:34:19 PM
 #31

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?


If bitcoin makes a major dump like getting down to $6000, alt coins will be down at least 50% amount and they will face a greater market crash than bitcoin faces. Alt coins are less stable during crashes.

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December 01, 2017, 08:36:43 AM
 #32

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?

Bitcoin is the pack leader so if bitcoin prices drop then we should expect all other altcoins to be affected but some altcoins will appreciate in value  because they are pegged to bitcoin price and a weaking bitcoin means a more power alt but then again it all depends on how investors react to this phenomenon.
In case this thing ever happens that we see the downfall of bitcoin, then there are likely chances that the demand of other crypto coins will increase due to the fact that people will look for some other ways of investing their money at that time.

Things will be in favor of rest of the coins which are there in the world of crypto currencies. Moreover, this will also help more people to buy bitcoins.

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jakezyrus
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December 01, 2017, 11:16:06 AM
 #33

Altcoins are even more likely to go down in bitcoin crashes. If they are not moving down, they only stall in general. It is very dangerous time to stay in crypto at bitcoin crash time.

not all the times, some times its just a co incident.  bitcoin and altcon are totally different, they dont really hold the destiny of each other. the cause of these rise and fall are mainly due to the deman and supply though sometimes there is a manipulation behind it but one thing for sure , they can always regain their value overtime , no matter how hard they fall or dumped.

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December 05, 2017, 06:08:45 PM
 #34

They will go up
Gangy
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December 05, 2017, 06:17:27 PM
 #35

Bitcoin crash will surely have a positive impact on alt coins. It had always been like this and this probably won't change. When bitcoin crashes people will start investing their money in alt coins and then then their prices will go up. People always tend to invest in a safer coin and in our case alt coins will be their choice.

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December 05, 2017, 06:29:47 PM
 #36

IOTA - Hedging against the Bitcoin Price Drop

https://coinidol.com/iota-hedging-against-the-bitcoin-price-drop/

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IOTA is one of the few cryptocurrency that has been able to strengthen against Bitcoin in recent weeks and can be used as hedging against decline the price of Bitcoin. The volume and price of IOTA is growing due to the announcement that IOTA have been listed on Coinone exchange. The more people that begin to trade with IOTA, the better for IOTA.

Let's take a closer look at the use of IOTA in the Internet of Things.

Linking blockchain with IoT is complicated due to the technological limitations. There are two main issues to look at.

Firstly, scalability. There are regularly more than 100,000 unconfirmed transactions on the Bitcoin Network which will be hard to sustain in the future. Nowadays, users have to pay high fees but this still doesn't mean that their transaction will take place.

Secondly, transaction fees. Bitcoin’s mean transaction fees have already risen above $7.

IOTA have addressed how it is possible to solve these issues.

The main innovation behind IOTA is Tangle. This is a newly created, distributed ledger based on DAG (Directed Acyclic Graph). Tangle is a distributed database and P2P Network and it relies on a consensus and a validation mechanism. The validation process is ensured by one transaction confirming the previous two and there is an entire network of active participants who are directly involved in the approval of transactions. As such, consensus in IOTA is no longer separate from the transaction making process, it’s an intrinsic part of it. This is what enables IOTA to scale without any transaction fees.

The first step is 'signing': You sign the transaction inputs with your private keys.

The second step is 'tip selection': MCMC (Markov chain Monte Carlo) is used to randomly select two tips (i.e. unconfirmed transactions), which will be referenced by your transaction.

The third step is 'proof of work': In order to have your transaction accepted by the network, you need to have proof of work - similar to Hashcash (spam and sybil-resistance)

Once these are completed, your transaction will be broadcast to the network. Someone else will choose your transaction in the tip selection process and validate it which confirms your transaction.

Because IOTA achieves consensus on the validity of transactions without any miners, there are no transaction fees.

Since consensus is parallelized, and not completed in sequential intervals of batches as in Blockchain, the network is able to grow and scale dynamically with the number of transactions. The more transactions made, the more secure and efficient Tangle gets.

IOTA makes it possible for a cluster of devices to branch off and make transactions in an offline environment by utilizing different communication protocols (ZigBee, Bluetooth LE, etc.) for P2P communication.

The main reason why IOTA was created is so it can be the backbone for the Internet of things.

IOTA Foundation has recently announced a new micro-payment based data marketplace.
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December 05, 2017, 06:31:44 PM
 #37

At this time it looks like all altcoins are connected to the price of bitcoin, so when bitcoin goes down, so does the alt coins. However I do believe as crypto become more mainstream, the altcoins will start to shine and not stand in the shadow of bitcoin. Some day when we have real world applications of many of the alt coins, I'm sure it will go past bitcoin in market cap.

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December 05, 2017, 10:39:52 PM
 #38

I think I have some form of speculation on this, I've seen it a few times. Consider when the segwit fork was cancelled and we saw alts feeling the love. And then we saw bitcoin shoot up and then down, but this time alts fell with it. The entire space fell over in a hiccup. Now you may say it was delibirate and maybe it was but I think that if you can say why Bitcoin is retreating, and its obvious, then alts will go up. If on the other hand we see sharp reds with no explanation new blood panics and calls the entire place a bubble. Then again maybe im wrong.
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December 05, 2017, 11:09:56 PM
 #39

I wouldn't be so sure alts would rise...  What if... BTC crashes on regulatory movements by governments (not saying a ban on btc because that's BS but they can make it hard) AND governments ban ICO's or take serious measures to stop this circus (mandatory KYC being the first step).  Then we could see some real blood.  Conclusion: buy eth, sell for eth and hold btc Smiley

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December 05, 2017, 11:11:09 PM
 #40

Hi all!

With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?


Bitcoin is not yet getting in a serious crash, not in the future and not gong to drop at $6000. But if ever there is a crash in bitcoin, altcoin gain, it how the market works, investors shift their funds from bitcoin to altcoin to leverage their lost because of the crash. That's how I will do if bitcoin goes down hard.

However, there's also instance that even if bitcoin crash, the price of altcoin doesn't move that much and actually it also take a dip. So I conclude that its really hard to predict their movement and those correlation as somewhat moot point for me. That's why this crypto market is very different from any market that we have saw or experienced. Hard to see their correlation. So its better not to think of it, just buy altcoins in dip, don't make things complicated.


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