If the BTC crash, will it take every other coin with it?

[paxmao]

As the market matures, the utility tokens, dividend tokens and speculative coins should start to have a different behaviour. At the moment, all coins are paired with BTC in most exchanges and the stupid trading bots keep correlating even Ethereum to Bitcoin.

Correlation makes sense when two investments are near-substitutes, that is if one is to expensive, people would choose the other as a suitable alternative, just like in consumer goods, etc...

[Aura]

Yes it does, look at the current charts.
But may I ask you why you don't believe in the future of Bitcoin?
In my opinion there isn't one coin better than Bitcoin, altcoins are just copies of Bitcoin with no history.

[leea-1334]

You bet if Bitcoin goes down, 99% of alts will go down with it. Mainly because anyway they train mainly in Bitcoin pairs. Plus the world still knows crypto only as Bitcoin, and sees all alts as copies or immature technology or tokens, thanks to ICOs.

Of course, there are periods where Bitcoin drops while alts rise, this is when majority of people are buying alts with Bitcoin (this is why sometimes to go long on alts is to go short on BTC, and vice versa).

[-Redacted-]

Hi guys, BTC is going down again today.
I don´t hold any BTC because I don´t see future in this coin, but...
Always when BTC is going down so everyone else, do you think that in case of dramatic fall will every other crypto go down too?
And it brings me another question, when people sel their BTC, where the money goes? Do they make instant withdraws in USD and get out of the trade completely? Cos if BTC is going down some else should rise but whole market is on decrease.

Naturally, when there is a drop in the price of Btc other altcoins fall in price after him, especially after many bitcoin forks. Of course, you can withdraw your assets to the fiats at any time.

[pimvinken]

we all know bitcoin is the main factor that can effect the price of most of coins on the market, bitcoin plays an important role in definition of cryptocurrencies, so whenever hapen to the price of bitcoin then the entire market will be effected heavily, we usually see bitcoin price drops drastically everymonth that it takes along with the drops of almost every altcoins on the market.

[HongKong]

we all know bitcoin is the main factor that can effect the price of most of coins on the market, bitcoin plays an important role in definition of cryptocurrencies, so whenever hapen to the price of bitcoin then the entire market will be effected heavily, we usually see bitcoin price drops drastically everymonth that it takes along with the drops of almost every altcoins on the market.

Bitcoin is the coin that started altcoins so it does make some sense that the price will go with Bitcoin's movements.

[elimi]

For the past few weeks it seems that if the bitcoin price drops then almost all altcoin prices will come down, if I become you when bitcoin price drops it's time we buy for long-term investment because bitcoin is definitely more valuable than other coins.

[ezcrigbagk]

Of course, first it will affect the whole crypto market, the quotes of all the cryptocurrencies will go down. However, promising coins, which have a real use, such as Ether or Neo, will be restored, and perhaps they will get the first place, and bitcoin will be forgotten. But it is unlikeky happen soon

I agree with your opinion. This will affect the market. But the market has a lot of coins. If bitcoin disappears, another coin will be king. Because now can not do without encryption technology.

[RoonyBlack]

Fortunately if bitcoin crash, it will drag the other coins down too. For the moment, bitcoin is very large and it is basically 35 % of all investments so definitely if bitcoin crash, the whole market will be hurt very bad for a long, long time...

[Valuyet]

This generation of Cryptocurrency are related with Bitcoin because the conversion of value are based on Bitcoin, therefore when Bitcoin drops most of the altcoins are dropping as well.
But I'm wondering, why is it the Cryptocurrency Exchanges are making conversion through Bitcoin and Ethereum and not by USD. In that case if Altcoins are covered straight by USD then if ever Bitcoin and Ethereum will crash - Altcoins will not be affected

[duchaitp]

Anyway, I also believe that it's hard to get a bitcoin crash. The market will turn green again.

[Zadicar]

Hi guys, BTC is going down again today.
I don´t hold any BTC because I don´t see future in this coin, but...
Always when BTC is going down so everyone else, do you think that in case of dramatic fall will every other crypto go down too?
And it brings me another question, when people sel their BTC, where the money goes? Do they make instant withdraws in USD and get out of the trade completely? Cos if BTC is going down some else should rise but whole market is on decrease.

If you don't trust bitcoin and to its future then why are you here? Bitcoins price do really move this way and don't expect if you would see a pump it would continue further. Price corrections should really be expected always. If people do cash out its either money is being circulated to alts or just purely cash out to fiat. If bitcoin would tend to dump its price I believe there are some alts which would really go into opposite direction because they do have their own market which doesn't fully correlated on bitcoin.

[papuayenigine]

I really want to see that, independent price characteristic graphics of the coins on the market charts, but unfortunately it is nearly impossible. Every time bitcoin falls, in my opinion, traders making panic sells and making bad choices.

[2stout]

Not necessarily, but every crypto coin and token will suffer as a result of the domino affect.

[stretcharmstrong]

If bitcoin became obsolete it will be because other coins become bigger and better, so if bitcoin crashes it will effect the market but it wont be the end. This is just the beginning.

[malfurionbtcn]

Of course it will. A lot of coins depends on the BTC. As you can see, it happened few weeks ago

[squesto]

There's definitely a correlation but I think it depends largely on what the reason for the crash is. For example if there was an overarching government policy on cryptos/blockchain then yes it is likely that all coins will be affected. However if it were BTC specific then maybe not (although there will be knee-jerk reactions)

[Snaic]

If something happens with bitcoin, then in the first period it will affect other altcoys, but after a while everything will recover. In addition to the exchange rate, altcoins in practice have little to do with bitcoin. Altcoins may well exist and develop without bitcoin. Therefore, in the end, nothing terrible should happen.

[batturkey]

Hi guys, BTC is going down again today.
I don´t hold any BTC because I don´t see future in this coin, but...
Always when BTC is going down so everyone else, do you think that in case of dramatic fall will every other crypto go down too?
And it brings me another question, when people sel their BTC, where the money goes? Do they make instant withdraws in USD and get out of the trade completely? Cos if BTC is going down some else should rise but whole market is on decrease.

Most likely YES, since mid.2017 Alts and BTC correlated positive. in 2016 it was different but like I said since few Months if BTC fall, everything's falling as well.

[Winner]

Hi guys, BTC is going down again today.
I don´t hold any BTC because I don´t see future in this coin, but...
Always when BTC is going down so everyone else, do you think that in case of dramatic fall will every other crypto go down too?
And it brings me another question, when people sel their BTC, where the money goes? Do they make instant withdraws in USD and get out of the trade completely? Cos if BTC is going down some else should rise but whole market is on decrease.

Most likely YES, since mid.2017 Alts and BTC correlated positive. in 2016 it was different but like I said since few Months if BTC fall, everything's falling as well.

There doesn't seem to be any other coin that is trying to outrank Bitcoin, they all use Bitcoin as a trading pair.