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Author Topic: What happens to the other cryptocurrencies if the Bitcoin goes to $ 2,000?  (Read 1443 times)
Liklopor
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November 15, 2018, 11:11:51 PM
 #41

since bitcoin has a huge impact on altcoins, respectively, the price of altcoins will also fall approximately three times
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November 15, 2018, 11:12:10 PM
 #42

If bitcoin goes down to 2000 or 3000 firstly I see a big reduction in the cryptos listed on the coinmarketcap as a lot of scam, dud, and below standard projects will die off. This mean that it will take a spectacular project to raise their maximum cap in an ICO and also avoid dump in the exchanges.

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November 15, 2018, 11:15:48 PM
 #43

The most likely is that they collapse too, although there are coins that are not linked to bitcoin, we can say that btc is the measure of confidence in the market and if its price falls that means that many are going with their money elsewhere, which is also bad if we want to continue promoting mass adoption.
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November 15, 2018, 11:19:33 PM
 #44

Obviously, there will be a big impact on other crypto's as we know that most of them trades on BTC as pair. So their price might reduced or even become worthless specially shitcoins running around. We may see internal cleansing and purge and we may see them die in an instant. And for those who will survived, it's going to be a struggle and investors will either shift their funds to other coins so in a matter of months many coins with no usage at all will also be obliterated.

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tracyhayley
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November 15, 2018, 11:31:43 PM
 #45

maybe most of other cryptocurrencies price will drop. yesterday when bitcoin fall 10%, the other altcoins price are drop too.
this proves bitcoin has a big impact for other cryptocurrencies. maybe some of them will become a dead coins because of panic sell.

timmmers (OP)
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November 16, 2018, 07:44:04 PM
 #46

It seems that price is stable for now, so 5500USD is next big support and also this crash brings more volume into market. I am optimistic, in next few days we will go back to 6000USD, if this happen everything will be fine again.

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Anzal RK
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November 16, 2018, 07:46:02 PM
 #47

i don't know maybe half or more crypto coin will deth and scam.
i just hope that will never ever happend.
pharaon
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November 16, 2018, 08:08:27 PM
 #48

Honestly, I’m afraid to even assume that the price of Bitcoin can drop to $ 2,000. But if this happens, then the price of all coins will be very low and people will be afraid to invest in this case, because everyone will think that cryptocurrency is on the verge of extinction. I really hope that the market will still recover.
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November 16, 2018, 08:11:36 PM
 #49

I always believe that no matter the bitcoin price, the market will always adjust and adapt to the current market situation, If the bitcoin price goes down that much, ICO will reduce the amount they are looking to raise in the token sales. 

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November 16, 2018, 08:14:13 PM
 #50

Such a decrease in prices will provoke an avalanche-like collapse of the entire market, altcoins and ICO will cease to exist and miners will no longer support the Bitcoin network, I think that this scenario describes the death of cryptocurrency.
Felic43
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November 16, 2018, 08:22:58 PM
 #51

If bitcoin price drop to 2000 dollar it will be hard for other coins to adapt to the market situation, investor will run and i think it might be the end of so many coins

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November 16, 2018, 08:32:14 PM
 #52

Also propontida down well, or pokupaut another bottom at all difficult to say very much may the coin to fall down or up,but when there is descent of the entire market,and violas descend,so there's not much dedda from this,so the essence now of the market
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November 17, 2018, 02:21:26 PM
 #53

Normally back in the day when bitcoin went down the other coins went up, that wasn't really weird considering bitcoin dropping in value would only make altcoins look more valuable. Moreover in recent years they seem to be connected with each other, so when bitcoin goes down all other coins go down as well.

Biggest part of your question was answered on 14th of November when bitcoin went down a lot because of the big sell pressure put on it while the buyers were scarce and rare and volume was low. Which resulted with altcoins going down as well, they didn't stand their prices and the value dropped for them too. So coming back to your question if bitcoin goes to 2000 dollars than the price of all other altcoins will go low as well, just like how it happened last night. Same principles really.
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November 17, 2018, 02:33:19 PM
 #54

most of them will drop even more percentage wise, so better make sure you have a risk management tactic ready
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November 17, 2018, 02:37:28 PM
 #55

If Bitcoin is dumped to $2000, altcoins will become worthless. Bitcoin is dumped to $2000 will make panic mentality and holders will try to sell altcoins at any price for Bitcoin and then exchange it to fiat, and get out of the market.
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November 17, 2018, 02:41:40 PM
 #56

maybe most of other cryptocurrencies price will drop. yesterday when bitcoin fall 10%, the other altcoins price are drop too.
this proves bitcoin has a big impact for other cryptocurrencies. maybe some of them will become a dead coins because of panic sell.

Definitely when BTC drops at the same time other coins too drops so the impact is high. Coming back to your question if BTC goes to $2000, it doesn't mean cryptocurrencies will die.

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November 17, 2018, 02:44:54 PM
 #57

It will depend on the reason of the dropping, if it's because Bitcoin banned by most countries then we will have price adjustment, it will be fine after some times, but it also could be the chances of people buying Bitcoin to get more profit, one of my concerns is when it falls to deep then the investors could leave Bitcoin forever


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November 17, 2018, 02:48:54 PM
 #58

The market will be deeply affected by such a bad scenario. I don't think the icos will end, but a lot of low-volume coins will disappear. I hope this doesn't happen.

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November 17, 2018, 02:56:47 PM
 #59

If this really happens, it will definitely affect the value of many other atlcoin and it can make some altcoin take its value to the lowest level. I think the market will come back from the beginning and start growing again.

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November 17, 2018, 03:02:08 PM
 #60

since bitcoin has a huge impact on altcoins, respectively, the price of altcoins will also fall approximately three times

If btc falls to such great extent then many altcoins would go to cents marks and fall by 80% from the current price. As everything is depend upon the btc prices and if that only falls then altcoins naturally will be failing a lot. So always be cautious and do not invest all money under crypto.
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