The BTC crash is good news for Altcoins

[FunGate]

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!

[Supec77]

No,the good news is when the Cue ball to rise will dopustim 20-30 thousand dollars per token and will be in place is, in principle,at this point, begin to grow rapidly altcoins as a rule,so for altcoins is good when the market is bullish,and the cue ball got on premerno the level is good enough,and violas will begin to shoot at 300-900% and more

[qazgroup]

I do not think there is any visible positive effect in the big alts price yet, look at eth it has suffered the same path down just like btc  so at the moment we see only one trend in the market and that is down.

[crypt0.r3negades]

It depends on the potential of the coin that you hold. Because I can see to it that when bitcoin price reduces, then so as the coins price go low on its rate. But it is still depends if the coin is strong enough to counter the price drop value of the bitcoin and became independent from bitcoin's price

[Sylvial]

Trust me this is not exactly the case. The drop in the price of Bitcoin greatly affected altcoins. So you find a situation where alts that were bought at certain prices and because there was a drop in the price of BTC, the dollar doesn't reflect the amount it was bought

[mahilchii]

I do not think there is any visible positive effect in the big alts price yet, look at eth it has suffered the same path down just like btc  so at the moment we see only one trend in the market and that is down.

Obviously, not only BTC dropped its value. The entire coins were down and the market looks like a garbage, investors might be worrying today mate always remember cryptocurrency is a hidden gem. If the value increases then you are a millionaire.

[Meycell]

I do not think there is any visible positive effect in the big alts price yet, look at eth it has suffered the same path down just like btc  so at the moment we see only one trend in the market and that is down.

Obviously, not only BTC dropped its value. The entire coins were down and the market looks like a garbage, investors might be worrying today mate always remember cryptocurrency is a hidden gem. If the value increases then you are a millionaire.

When the Bitcoin experience fall, this will be good news for Altcoin. they will experience the triumph with the opportunity to be able to continue growing and attempt to replace the position of the Bitcoin. so being able to make great opportunity to continue to develop.

[alani123]

I don't think that at this point a reversal would be withing months. Crypto would have to be stable for months in my opinion for any meaningful upswing in prices. For now, I just think that support is lost and it'll take a decent amount of time until the market's sentiment is fixed. Rumor has it that many large investors are on limit calls to exit the market if it plunges even a little further. Something that'll be hard to recover from.

[11:11pas]

I don't think there has been the best news for altcoins until now, all of them have not increased, all the coins are still low, I don't know how long this situation will pass, even so we have to be sure everything will be normal again that

[Hoxysado]

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!

well i dpubt that it is a good choice but still soem altcoins can win form this sitiation i can believe in that right now

[Hoxysado]

I don't think there has been the best news for altcoins until now, all of them have not increased, all the coins are still low, I don't know how long this situation will pass, even so we have to be sure everything will be normal again that

i think thatbethereum will recover relatively soon and in the new year we will see it growing fast at least i hope so

[Endikadija]

No,the good news is when the Cue ball to rise will dopustim 20-30 thousand dollars per token and will be in place is, in principle,at this point, begin to grow rapidly altcoins as a rule,so for altcoins is good when the market is bullish,and the cue ball got on premerno the level is good enough,and violas will begin to shoot at 300-900% and more

Did you think that product is not important? Any bad movement of bitcoin will give bad impact to the altcoin because it can't even defend its price from the bitcoin domination. Bitcoin lost 10% and altcoin too.
300% - 900% it looks so difficult to consider a lot of people cashed out their money.

[kabzon_btw]

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!

of course it is true an di have never thpught that all icos arw scam ones as that would be impossible for peopel to work

[patz22]

Not at all, it was a domino effect and it is always will whenever there's a bitcoin crash. Some say that in time other coins will be independent to btc but in my own opinion it will not happen. It is the foundation of crypto and supports all of it.

[kabzon_btw]

No,the good news is when the Cue ball to rise will dopustim 20-30 thousand dollars per token and will be in place is, in principle,at this point, begin to grow rapidly altcoins as a rule,so for altcoins is good when the market is bullish,and the cue ball got on premerno the level is good enough,and violas will begin to shoot at 300-900% and more

Did you think that product is not important? Any bad movement of bitcoin will give bad impact to the altcoin because it can't even defend its price from the bitcoin domination. Bitcoin lost 10% and altcoin too.
300% - 900% it looks so difficult to consider a lot of people cashed out their money.

i th9nk that all projetcs all good projects of course are importamt and we should believe in all of them for the success

[Jating]

I don't think we can get rid of Bitcoin influence of Altcoins because come to think of it, altcoins has been with us for as long as Bitcoin is, and yet when bitcoin goes down, so as the majority of altcoins and shitcoins.

So the correlation will still be there no matter how you spin it. Remember this shit started with Bitcoin Cash hash war and yet it spills over to almost the majority of the coins including Bitcoin. And just look at how the market is today, its all green meaning when people buy bitcoin back, all other coins are enjoying such support as well. So its really hard for altcoins not to be affected by Bitcoin price movement or for Altcoin to move away from Bitcoin price influence.

[Capt.Morris]

Blood is neither good for alts nor for fiat.

[bering]

Not at all, it was a domino effect and it is always will whenever there's a bitcoin crash. Some say that in time other coins will be independent to btc but in my own opinion it will not happen. It is the foundation of crypto and supports all of it.

Yes it is true that when bitcoin crash then majority of altcoins usually will fall too and admitted or not altcoins cannot live independent without bitcoin and in my view the future of altcoins will depend on bitcoin future so there is no chance for altcoin to live without bitcoin and the latest evidence is several days ago when bitcoin crash to the deep and following it altcoins also down

[kamar25]

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

[Herbert2020]

"...the alternative cryptocurrency market could take its own direction getting rid of the BTC influence.

the only way altcoins can stop getting dumped each time bitcoin goes down is IF they start having real usages apart from being pump and dump coins and purely be for speculation. and until they change that, they will remain the same.

The big caps altcoin response has been amazing so far."

with a quick look at the charts you can clearly see that it is pure nonsense. any altcoin out there got dumped the same whether they had big market cap or low market cap. for instance ETH got dumped a lot more than bitcoin percentage wise!