The BTC crash is good news for Altcoins

[Fortified]

https://cointelegraph.com/news/why-did-crypto-market-experience-a-27-billion-wipeout-experts-discuss-factors

Every situation has a bright side, you just have to look at the bigger picture!

According to Crypto Rand, a currency trader and technical analyst,

"We will have to wait some more months until BTC settle down its path through a potential reversal, but the alternative cryptocurrency market could take its own direction getting rid of the BTC influence. The big caps altcoin response has been amazing so far."

Further on, the article goes on to say,

"Institutional investors are focusing on products that provide investor protection and strengthen the infrastructure of the crypto market."

Such volatility doesn't mean anything. The true value of cryptocurrency lies in a strong foundation (which requires user-friendly decentralized marketplaces where we can use cryptocurrency, and added security in the form of escrow systems) which will be made possible with the upcoming ICO's.

They're not all scams!

Yes there few of altcoins are going to survive without the needs of BTC to going up but a few of these only which have a usuable platform and unique from others functions so an ICO should have a unique function in order to survive alone without depending other cryptocurrency .

[rricksu]

https://cointelegraph.com/news/why-did-crypto-market-experience-a-27-billion-wipeout-experts-discuss-factors

Every situation has a bright side, you just have to look at the bigger picture!

According to Crypto Rand, a currency trader and technical analyst,

"We will have to wait some more months until BTC settle down its path through a potential reversal, but the alternative cryptocurrency market could take its own direction getting rid of the BTC influence. The big caps altcoin response has been amazing so far."

Further on, the article goes on to say,

"Institutional investors are focusing on products that provide investor protection and strengthen the infrastructure of the crypto market."

Such volatility doesn't mean anything. The true value of cryptocurrency lies in a strong foundation (which requires user-friendly decentralized marketplaces where we can use cryptocurrency, and added security in the form of escrow systems) which will be made possible with the upcoming ICO's.

They're not all scams!

I don't think altcoins can survive the market without the influence of bitcoin. I guess bitcoin is influencing each and every market value of each altcoins in different ways, if bitcoin crashes, so as the other altcoins.

[SinisterBountyHunter]

I guess it is the opposite part. Because of the recent price drop of bitcoin, the altcoins were totally affected and most of the altcoins got wreck prices that never seen before.

[Coffeemaker]

OP, if 2017 was the summer of ICOs, then 2018  was a space filled with hundreds of startups shouting into a void. Here skepticism has run rife and Ethereum notably saw a dramatic price correction, in part driven by startups selling off their ETH holdings in droves due to unsuccessful ICOs. Neither should any of us want an inflated market. By design, ICOs work as a fundraising process and offer little to the retail investor beyond vague hopes of future gains. Cryptocurrencies need a stable value that is linked less to speculation and more to genuine demand. Otherwise, there is no hope of attracting institutional money.
 
If a bull run is in the offing it could be wise not to get too excited; similarly, crashes should be – if not welcomed – accepted with equanimity as part of a growing process. We are hopefully moving towards a stage where the old school, so Bitcoin, Ethereum, can offer some level of stability while new altcoins are judged on their tech and credibility.
 
This offers retail investors an opportunity, but no longer should we entertain the fantasy of recouping our money 1,000 times over. A mature market will see much more of ‘pocket change’ investments which, if held in the long run, could prove to turn out as profitable ventures.
 
ICO is dreaming of flying to the proverbial moon. But investment decisions made upon dreams of a crypto gold rush are as good as gambling. If indeed the ‘days of 1,000 times gains are over’ it is hard to see how this would be a good strategy for retail investors.  
Development of blockchain technologies has exploded far beyond the maiden project that is bitcoin. A nascent technology, it
You do not need to be gambling on the big coins as these markets are too vast for retail investors to play in, perhaps with an exception for savvy day traders and long-term hodlers.
 
It is a lot of work to sort through the crypto noise, though. There are platforms out there trying to deliver something different: notably, the issue of scalability with traditional blockchains may require a different approach. Other solutions have been proposed and young projects are proposing an entirely different design in their networks.  

The initial era of hype is gone and, as a consequence, it is more important than ever that retail investors scrutinize projects, encourage debate and support projects. Throwing too much weight behind an altcoin may not be a wise move for most, instead, distribute investments across projects which pique interest.
What will help the crypto markets reach a level of serious maturity is less speculation and more functional judgements. If the community were to achieve this, it could bring the legitimacy crypto’s to need to foster widespread adoption.

For my part , I’m happy because I can buy bitcoin & altcoin at cheaper price & in larger quantity for my gambling session at  betchain , 7bitcasino , fortunejack and my favorite VegasCasino.io, .

[Nggedebus]

If it really possible than altcoins will be able to severe the influence of bitcoin for it's growth. that would be great things for the future of altcoin.
But as we all know that it's not that easy to remove the influence of bitcoin to the altcoins, it just like anywhere bitcoin goes then the altcoin will surely follow.

[sarfield]

BTC accidents are a concern, and this has an impact on altcoin too. But with this altcoin will learn more in order to overcome the situation.
 And if BTC has good development, the altcoin will also be better.

[bamb]

The evidence here does not show bitcoin price cash is good for altcoin at all, whenever bitcoin  sneezes, altcoin catches the cold. How is bitcoin crash good for altcoin? except of course if you have more funding, we may conclude that you will be able to buy cheap coin!

[Arata]

I don't think so, bitcoin can be said to be the parent of all coins if bitcoin rises will be followed by other coins and vice versa and of course alltcoin follows the movement of bitcoin, so if bitcoin crashes for example prices drop dramatically, of course alcoin

[bezzler]

https://cointelegraph.com/news/why-did-crypto-market-experience-a-27-billion-wipeout-experts-discuss-factors

Every situation has a bright side, you just have to look at the bigger picture!

According to Crypto Rand, a currency trader and technical analyst,

"We will have to wait some more months until BTC settle down its path through a potential reversal, but the alternative cryptocurrency market could take its own direction getting rid of the BTC influence. The big caps altcoin response has been amazing so far."

Further on, the article goes on to say,

"Institutional investors are focusing on products that provide investor protection and strengthen the infrastructure of the crypto market."

Such volatility doesn't mean anything. The true value of cryptocurrency lies in a strong foundation (which requires user-friendly decentralized marketplaces where we can use cryptocurrency, and added security in the form of escrow systems) which will be made possible with the upcoming ICO's.

They're not all scams!

I am not agree with the thinking if bitcoin crash will give the chance for altcoins to rise, what we all knew anything that happen on bitcoin it will surely affecting the altcoins, no matter what happen, the reality is like that. It is really hard to remove that reality in cryptocurrency.

[shinratensei_]

The evidence here does not show bitcoin price cash is good for altcoin at all, whenever bitcoin  sneezes, altcoin catches the cold. How is bitcoin crash good for altcoin? except of course if you have more funding, we may conclude that you will be able to buy cheap coin!

Bitcoin gets plunged and altcoin too, there was no reason to call that as a piece of good news for altcoin and OP seems didn't even understand about the correlation between altcoin and bitcoin.
But there was a ton of bad news rather than good news when bitcoin comes to the bearish trend.

[UAE Seasider]

From my casual observance the altcoins tend to multiply what is happening with Bitcoin, so if Bitcoin is dropping the alts will fall by a greater percentage. And if Bitcoin is rising the alts will increase in value by a greater percentage, so to make the most of things we need Bitcoin to be rising again now we have loaded up.

[levyashin]

No, it is not.

The best thing for altcoins is btc should pump first and after become stable.

Btc crash is no good for anything.

[overnight03]

For me, I think altcoin is mostly dependent on bitcoin if the price of bitcoin falls, altcoin prices also fall,

I don't think this is good news for altcoin, are you sure?

[Betwrong]

BTC crash can't be good for altcoins, because what crypto world needs is much wider adoption than it is now. Bitcoin is the most recognized crypto currency in the market and worldwide, and if something bad happens to it people in general become suspicious about crypto currencies overall. Most people are not that tech-savvy, so they look at the king, and if the king is not feeling good they think that the whole kingdom is sick.

[shoreno]

For me, I think altcoin is mostly dependent on bitcoin if the price of bitcoin falls, altcoin prices also fall,

I don't think this is good news for altcoin, are you sure?

that is also what im thinking about  . i believe on what others say that alts follow the price of btc because i already witnessed it before .  maybe the op of this thread is an altcoin investor because he wanted the alts to go down  .

btc crash can be good for altcoin only if we are sure that investors will switch to altcoin because that can surely help altcoins to rise but if the crash is only caused for personal use ( e.g they sell due to panicking or they sell because the want cash to spend on something  ,etc ) then that is not beneficial for altcoins  .

[Connectivity]

I think quite the opposite is the case. The value of altcoins is correlated to Bitcoin. Thus when Bitcoin will crash, you can imagine what will happen with altcoins.

[yapa ve yalniz]

The decline of btc is never useless. Altcoins drop more. it's been known for decades. Altcoins are completely bound to btc, about pricing =))

[xiaoY]

If you can realize that all altcoins are now based on bitcoin, then you won't say that. In fact, most altcoins don't have an independent value, just because we bought them with bitcoin. Their value, once Bitcoin collapses, means that the whole sea will dry up, if there is no water, how can there be fish?

[maculeth]

I think it doesn't have a big impact on the altcoin as a whole. in a situation like this that really can save the market is just an investor.

[Maknae09]

it is time to predict something good about cryptocurrency, because from a few months ago, many who blaspheme cryptocurrency are not reevaluable anymore, because the market has plummeted and there are many losses everywhere

Well, you cannot predict just something about crypto, without really having a strong basis or support. I guess the condition of bitcoin today is neutral, not bad, not good. And what should we think about it is not just pump or dump of it. We should accepts no matter what it is and do something that will make us profit from it.