The BTC crash is good news for Altcoins

[Dilireba]

It's the analyzation of individual trader, although it is a positive analyzation and crypto community love to hear it, it will not make current cryptocurrency market better, what we need are more big investors get in the market and more governments accept the legality of cryptocurrency.

[sourish]

If an alt path is reached, independent of the seamless connection between btc and alt prices, it can only be good news.

[trust09man]

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.

Valid points, I am scared of this too. Do you think if major investors pull out, that's it for crypto? I don't see how we can come out of this scam. BTC being the front runner, kept the hopes high. Altcoins were never really trusted over it anyways.

[coaprotet]

No it is not, because look at the market dominance, its more than 50 percent. It means, if BTC is falling, every single altcoin is following and crashes even harder. When the market is going to recover and the dominance of BTC won't be so big, we will see the raise of alts.

[iovio]

I have other argument, some altcoin will die because of situation of the current market.
Because, all altcoin have BTC pair on the exchange.

[nreal]

I agree with this statement, other altcoin can use this opportunity to win the leading position of bitcoin. Ripple (xrp) is a typical example, it is rising up so many people predict it may be the first head of the BTC.

[alian17]

I don't think a BTC crash would benefit altcoins. Many altcoins rely on BTC. There is a close connection between them. The biggest impact when BTC drops is altcoins. At the same time, BTC has a great impact on the whole encryption market.

[droptableguy2]

I do not believe in altcoin any more, so I'm not too keen on them, so maybe I'll give up on them now.

[matico]

The advantage of altcoin is the versatility, altcoin can be used or create countless idea that will be useful for many life situation in different sector of ecinomy and investment. I think the downtrend in cryptocurrency market is enabling investors to scoup cheap altcoin prices!

[zhea]

I would say that it is not good for the overall condition of cryptocurrency if bitcoin crashes as altcoins is dependent on bitcoin itself. We could see the trend lately that bitcoin is dipping and so the other crypto.

[batang_bitcoin]

I do not believe in altcoin any more, so I'm not too keen on them, so maybe I'll give up on them now.

I'm a bitcoin holder and do hold some alt coins.

I put more money to bitcoin obviously but I've got some spare money for diversifying with altcoins. You may give up if you think that its no longer on your side and you can just stick to bitcoin which is the best method for everybody who wants to have a better status during this bear market.

[bittraffic]

Lots of altcoins going to die due to this bear market, maybe they are indeed scam and all they just want is to appear legit but are trying to set up the sell wall ever now and then and then sell again before they release another problem of their development but this time they are going to die. This bear market does something good after all such as purging the shitcoins.

[smoolae]

I'm pretty sure that a reversal will not be happening for many months yet to come. The thing is that there is still too much uncertainty in the air to make everyday people invest in cryptos with ease of mind.
I still think that the market will be bearish/stagnated for at least 1.5 to 2 years. Sad as it may be, the market really needs to let out some air and dispose of all of the useless coins.

[sexylady13]

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!

Alts have fallen so much that they will die or separate from the influence of the rate of BTC. I hope this will happen soon cause BTC has no bottom now and may fall very much, so the manipulators themselves will be astonished!

[nytrolic]

I can not see any positive effects on altcoins. I think that guy have to look cmc before creating some articles. Bitcoin have the biggest marketcap in crypto world so if btc will start to crash like 2 3 days before everyaltcoin will try to go to zero definetly. There is no good news for altcoins.

[owlman]

Until now, the price of all Altcoins is dependent on the Bitcoin price, respectively, Bitcoin is an indicator of the cryptocurrency market. Maybe when the market recovers - the trend of dependence and domination - will change, but no expert can know this.

[BADBITCH]

I'm not sure what you mean when you say the crash of bitcoin is good for other altcoins, because it is happening so. Icos are meant for fail or succeed depending on their product and that has nothing to do with bitcoin collapse or rise.

And even now, the XLM, Stellar should probably usurp bitcoin cash on the coinmarketcap, and i think thats happening soon, probably in a week there about.

[zcashplan]

Any time people's thinking can be selective, you can go left or right. But what I want to say is that cryptocurrencies are dangerous now, and perhaps another devaluation will return Bitcoin to $2,000. But there are always many people who are blindly optimistic.

[Moxivuki]

Even if the altcoin is not affected by bitcoin, how can the altcoin get rid of the influence of the mainstream altcoin, such as ETH, ADA, NEO, EOS?

[nik9990]

I don’t think it’s worth 100% to trust the experts, in most cases Bitcoin pulled other coins with it