Can Altcoin be independent ?

[mrkimvanan1]

It's really very difficult. Because all the alcoin are converted into btc or eth. altcoin/btc at the same time the volume of transactions of altcoins very low, can not compare with btc is

[irenegaming]

I think that's changing with USDT coming into the scene. Earlier altcoins didn't have any option other than Bitcoin for pairing with but with USDT things have changed and altcoins are now being paired with it also. This has helped in making the prices of altcoins independent. But a large number of altcoins prices are still tied with that of Bitcoin.

[ihaveaquestion]

It's very likely BTC will always be around in some shape or form (even if dethroned) and should be in anyone's portfolio. Bitcoin drives the price trend of everything else, has the most developers, most adoption, and most crypto/fiat trading pairs/volume.

[BountyGo]

I was a believer that Bitcoin was obsolete and doomed to lose it's #1 spot in 2018 but I ended up learning after being more than 1 year in this space that Bitcoin is and will still be the leading crypto for the next few years.

[djgtr]

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.

They have said altcoin os just a temporary means that might be true to them but not true to us. It will work for a reason to those predictions will just remain for that and also the usage of it is booming. It is also a source of income that can produce a hardwork individual.   

[bmgs]

Yes, altcoins can be independent. If Ethereum beats Bitcoin and becomes the first coin in the marcetcap, other altcoins can be independent.

[An0nyMoose]

Possibly. If a lot of the coins would stop making trading pairs with bitcoin and instead put their trading pairs into different coins then altcoins can be independent from being swayed by the price of bitcoin. Their dependency on bitcoin is what is keeping bitcoin as the top coin on the market. I do believe there will come a time when altcoins will be independent

[stunedi]

in the future, we may see altcoins that will be independent of bitcoin. I don't see such altcoins yet.

[vgk88]

I think if altcoins are independent then they will cost less than now. Bitcoin makes altcoins more expensive. Bitcoin. Also Bitcoin sets the motion for the entire market.

[suride212]

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.

I think it is possible but it will be difficult to remember so many bitcoin effects on altcoin so from that I tend to think that it is still very long realized unless bitcoin is no longer desirable or possible when there is a coin capable of replacing bitcoin then it can happen

[Ging]

It is impossible because Bitcoin for crypto is like USD for fiat currencies.

An overwhelming majority of assets can only be exchanged for Bitcoin, they are directly dependent on the situational Bitcoin price.

The majority of Blockchain projects and alternative digital currencies are in a one-sided dependency relationship with Bitcoin. Especially smaller currencies or starting projects are exposed to the partly enormous effects of Bitcoin performance. This can be attributed to the direct trade between Bitcoin and these currencies.

[Dread Pirate Roberts]

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.

almost all altcoin in major exchange pairing with BTC.
so when btc drop .pakti altcoin also impact with its own price. even coin like ETH which can be spelled have extraordinary concept still affected of bitcoin price. maybe if there is coin which have a lot feature and platform own can make it happen.

[Hamstead]

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 could be possible if crypto will still get strong for many years and get stabilized market. But for now,  altcoins still depending on bitcoin trend in the market as they have a strong tie up at this time.

[choice84]

I think that no. If we look on charts, when BTC drops, altcoins go even deeper. All trading pairs for altcoins connected with BTC and ETH. While we won't have pairs alt-USD, nothing can be changed.

[Qamzeez201]

In the current market situation, No.
Bitcoin is to cryptocurrency what USD is to fiat currency. 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.

[zero714309]

During this bitcoin is a pioneer and because bitcoin then popping altc,eth that specializes in animation and ranking in under a bitcoin is still very affected by the movement of bitcoin.So to be independent I think is very difficult because of the strength of bitcoin that still be like the poles of the crypto.

[knightmairesaint]

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 could be possible if crypto will still get strong for many years and get stabilized market. But for now,  altcoins still depending on bitcoin trend in the market as they have a strong tie up at this time.

Altcoins are literally dependent by all means in being a crypto coin but when it comes to market prices, we can say that the price of bitcoin is affecting their market prices. I think the reason for this is trading because coins are traded to have another value of coins which is usually bitcoin. With that, if the value of bitcoin decreases, their prices decreases as well.

I really don't think that they can be entirely independent with each other because coins are traded. Maybe they could be in means of a country using that specific coin as their own currency which really sounds impossible too.

[Yagami nunnery]

You can see that Bitcoin has risen by 10% in the previous period, but it has not brought the whole market back, so I think the influence of Bitcoin has gradually decreased in this industry. I think this is the performance of Altcoin slowly starting to be independent. They will no longer be affected by Bitcoin in the future, they have their own development path.

[Raflybunda]

all the possibilities will happen, especially the altcoin which is currently a bitcoin parallel token that very many people are interested in investing ...
and with that altcoin will someday become an independent token without having to be in bitcoin.

[Ariess]

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.

not if we study it from time to time until now, that's why something that is needed is great so that the market can be more independent. and it will take a lot of time until there are several altcoins that can compete with bitcoin. and if this happens then the market will be more independent without always fixating on bitcoin.