Can Altcoin be independent ?

[huntingbtc5]

Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.

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[snapee11]

Almost altcoins have their base coin so its really hard for them to be independent. And regarding the pair thing I believe its not possible for a certain coin to be separated on their pair because it serves as their own value to make it easier for us to know their value.

[earnetheasy]

It will be really tough since bitcoin is the most popular and earliest crypto, it will have a effect on all alts and it will have to be considered. This will not be possible that the prices of alts will be independent of bitcoin till it is the king crypto.

[richan]

Absolutely, Any altcoins can be independent without depending on bitcoins for its price or value. Alternative currencies derive its value from what the project is meant for. A gaming coin, can get it price from the demand of the coins to play a game, and if there is a limited supply of that coins and more people demand that coins for gaming, the price will increase without bitcoins having no effect on it.

[Herbert2020]

So can Altcoin break all the relationship from bitcoin and run as a independent currency.

yes but only if they start becoming real independent currency!
so far almost all the altcoins specially all the top coins are not a currency. they are all tools for speculation by traders and have no other use cases. this means only people who want bitcoin invest in altcoins and do it to profit on their bitcoins and when things are bad they dump altcoins because they were temporary means anyways.

[Turbs]

Some altcoins are already not linked with bitcoin. I mean there are some that grow when btc drops and viceversa, even if the majority follows the bitcoin, or better, it follows the market in general. Probably when the market will be more stable there will be more altcoins following a particular path not linked with btc

[bobo012]

Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.

It can, but 99% of altcoin exists for the sole reason of extracting more btc or ether from other traders. They will soon be worthless.
Ether has its own trading pairs but still is dominated by the bitcoin moves, when btc goes down, so does ether. I havent seen any of them became fully independent

[Glory90]

Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.

of course, it can but will they want to do that? an altcoin will lose market opportunities if parted from Bitcoin because Bitcoin is the main cryptocurrency in all exchanges and crypto exchange is not easy to make pairing for independent coins so it will be difficult for their team

[lifesgood10]

Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.

It is very rare for altcoin to break through their dependence on BTC
Because there are low and rare volume of altcoins/usdt trade

And for altcoin to achieve such feat, they must have trading pairs directly with usdt and not btc or eth trade pair

[yxo493]

I think that it is now possible to break the general decline in the market. There is almost no cryptocurrency that can have an independent market! Because a lot of money is now invested in the mainstream currency, and they are interdependent!

[annasadia]

Bitcoin is the most popular and oldest crypto currency. As a result, it has vast influence on the other coins like ethereum, ripple, litecoin etc. These coins cannot stay independent and the price of bitcoin will always have affect on those.

[Kate Beckett]

There can not be a single crypto currency which is absolutely independent. In one way or another, they all depend on Bitcoin and other large crypto-currencies. Sometimes it is possible to trace the correlation of altcoins with each other. But there are those altcoins that are more independent and less susceptible to the general market influence, but there are those that directly or inversely proportionally depend on the main crypto currency.

[Prodigan786]

Now it’s changed most of the altcoin traded using different fair most famous are usdt and ether after bitcoin even binance added bnb so now altcoins value not completely lately dependent on bitcoin. Even some coins having their own blockchain sbd better solution than bitcoin . More over some exchanges introducing fiat trading option for altcoins this may change Whole perception of altcoins.

[Tytanowy Janusz]

No crypto will be independ of bitcoin unless it will have bigger usd or other fiat market than btc market. If 90% of volume is made in pair alt/btc and only 10% in fiat/alt than dont expect that when bitcoin price drop it will be independent.

When in 90% altcoin is traded by bitcoin than bitoin drop have to make price drop of altcoin. Why? Beacuse calculated price (btc value x altcoin value in bitcoins) is getting lower and lower beacuse btc value is getting lower. Big USD market is making it more independent from bitcoin move, becuse arbitrage bots buys cheep bitcoin, cheep alft from it and sells it on usd market. So if its big enought it can cover bitcoin drop making alt/btc price higher.  

Thats why etherum is more independent. It has big fiat market with great volume. But still not high enough.

How it looks like now (90% of altcoin volume in btc pair)?
1-Bitcoin price drop.
2-calculated altcoin price $ drop
3-arbitrage bots buys altcoins for btc and sell on usd market making drop there (because its not big enought and loosing with alt/btc market) - without pushing alt/btc price higher beacuse usd market is too small to do that.
4-people seeing price drop are selling to btc and then fiat or hold bitcoin what decrise alt/btc value what even more push price lower and make more investors sell.

Thats why when bitcoin drop 30% altcoins mostly drop 50%

It will also be possible when altcoins will have their reallife massured value. That will work like bigger usd market.

[PsylockReborn]

Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.

That would never happen since bitcoin is the king of all coins and altcoins value is somewhat based on bitcoin. If bitcoin's value will increase as well as the value of altcoins but it really depends on the performance of a particular altcoin. Sometimes there are some altcoins that won't perform well in the market despite the sudden increase of bitcoin's value.
That's why its impossible for an alt coin to surpass btc since btc is the basis of all altcoins' value in the market.

[Msile]

I think with the adoption of USDT pairs, altcoins might be able to break away from their dependence on Bitcoin pairings. This will be a positive sign for the market as all the alts will move independently and not move according to the Bitcoin market. But expect it to take at least two years for the Tethers to be adopted widely on all the exchanges.

[noriksiayol]

It is hard to say that altcoins become independent, and as we can see that altcoins are functions with the used and the power of bitcoin and ethereum when it comes to exchange transactions by converted into fiat or into paper money. However, it is good to altcoins to become independent soon in order to have a direct transactions without using ethereum and bitcoin, but the implementation is not easy to happen without the approval of cryptocurrency management.

[Mrs Troll]

In addition to all said before me, I guess that one more reason of altcoins dependence from btc is entry/exit "points". Most market players buy bitcoin to enter crypto and sell bitcoin to exit in fiat and while bitcoin is still the main and widely adopted for this purpose currency all altcoins will be dependence from btc. This can be slightly changed by stable coins.

[Shyamnautiyal8]

Yes Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.

[chessi]

The connection to BTC will last until the cryptocurrencies will get wider adoption much beyond cryptocurrency community.