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Author Topic: Will altcoin go up or down on bitcoin crash?  (Read 992 times)
Oasisman
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December 06, 2017, 01:51:09 AM
 #41

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 in my calculations yes,  If Bitcoin crashes altcoin will rise. But not all the altcoins in the market, only those who are stablished and stable coins that still existed in the market for a long time like Waves, Doge and even ETH etc..
The main factor why theres a momentum shift to altcoins when Bitcoin crash is that, investors and big players will jump to altcoin whenever theres a huge price reduction on Bitcoin. But thats not always the case, because somehow when Bitcoin's price is increasing the altcoins will relatively follows.

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December 07, 2017, 12:51:03 PM
 #42

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.
Bitcoin is considered as a benchmark for all the alternative. Most of the times when Bitcoin price Rises, many altcoins also rise. In my opinion, Bitcoin does affect all the other digital currencies. However, sometimes when it crashes, altcoins do gain the attention of investors. But you are right about one thing, all the top crypto coins have the potential to regain their value and surpass previous peaks.

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December 07, 2017, 01:51:47 PM
 #43

Usually they crash when Bitcoin go up and they crash when Bitcoin go down. Grin
They only rise when Bitcoin was stable or move in smaller band.

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December 07, 2017, 03:23:44 PM
 #44

Altcoins will go up gradually even if Bitcoin doesn't crash. As more and more people showing their interest in crypto currencies.
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December 07, 2017, 03:42:48 PM
 #45

I think wait until the btc price is stable and altcoin prices will be stable again, but ad some hrga alcoin stable enough when the higher the btc price, it needs a little strategy just to not lose

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December 07, 2017, 03:58:02 PM
 #46

Depends what you mean by btc crash.Bubble trouble ir just typical dump,which will be for sure after pump like that.We will see it after all that speculation 10th December.Firstly btc will drag alts down,then due correction period of btc,alts should bounce back pretty hard

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December 07, 2017, 04:03:16 PM
 #47

I think wait until the btc price is stable and altcoin prices will be stable again, but ad some hrga alcoin stable enough when the higher the btc price, it needs a little strategy just to not lose
It looks altcoin back again. The price of bitcoin increase just like a rollercoaster and that was really fast. Majority of the altcoins gets plunged a lot caused by the bitcoin. or this caused by the next hardfork of bitcoin to give the more shitcoin to the all of bitcoin holders.

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December 07, 2017, 04:13:33 PM
 #48

I don't think bitcoin will go down back to as far as $6,000 but if ever it does crash and let's say drop down to a couple thousand dollars then I'm sure these altcoins will try to go back up and probably when bitcoin also stays steady; it sure will jump back up to as much as it can before bitcoin tries to increase back again.

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December 07, 2017, 06:48:59 PM
 #49

A majority of the market cap will more than likely stay within the crypto universe. This will cause altcoin prices to rise.  I think most people when they make the plunge into crypto will keep those funds invested somewhere.

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