The BTC crash is good news for Altcoins

[aalavandan]

BTC crash would be awesome for altcoins when the market dominance was not so big. Right now, every single coin is following Bitcoins' price movements and if it goes down, other altcoins are following it.

[Metall303]

BTC crash would be awesome for altcoins when the market dominance was not so big. Right now, every single coin is following Bitcoins' price movements and if it goes down, other altcoins are following it.

if anything happens to bitcoin it will not be good news for altcoins. I think that if Bitcoin disappears or will break, the cryptocurrency as a whole will not be needed. the only blockchain will remain

[kokobaba880]

I think that bitcoin crash is not good because it affects all the market and if a small changes comes in bitcoin t badly affects the crypto market as a whole and it will be good if we knows the movements of bitcoin price fall and on time we can save our coins and money now a days fake exchanges have created a panic in the market and it is not good news for altcoin that bitcoin crash it disturbed the whole market.

[Ilmiyati]

It turns out it's not like that, in fact when the price of Bitcoin starts to fall, the altcoin price also decreases because we all know that Bitcoin is the head of all crypto currencies so this is not good news for altcoin but in fact this is bad news, if one day Bitcoin rises so I feel the price of altcoin will also experience the same thing

[Bitkoplak]

I see this is price selection, and altcoin can increasingly release its influence on bitcoin, so the path to making stable altcoin prices is open, but if Bitcoin continues to make selections, then everything will be in vain

[ambeo]

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!

that's interesting! if such things happens indeed, do you think alts will be able of forming some brand new market? i wonder who will be on top. anyway, it's fascinating to look at this situation from this perspective

[LickKing]

I agree with you that the collapse of BTC is the future purification of the cryptocurrency market. The cryptocurrency market needs to eliminate a lot of altcoins. They don't make any sense. The bad altcoin is a threat to Bitcoin. They will affect the growth of cryptocurrencies.

[Simayi]

I do not think so. If Bitcoin crashes, this means that people no longer trust any cryptocurrencies, because all the altcoins can be easily manipulated by price!

[paxaway21]

because the price of bitcoin has dropped today and it's a good news for altcoin investors in 2018 because they can be sure that their money will be bigger now that its price is too low.

[TwtRedeo]

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!

You are right. The fall down of BTC is not good for anyone or from any side. We must need a healthy BTC levels so that we can have more new projects are arriving in altcoin industry. When bitcoin is not doing well, I have seen many projects are getting delayed. Because, everything is being measured and viewed with respect to how BTC is performing. Without BTC, I guess nothing could find success here.

[sinkfish]

its a good news for new traders, lower cost of entry would attract more people to join. though many old trader will not be happy about it. not everyone making money on the bear, majority of them, at least.

[mine2slow]

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!

Words of another analyst? I don't think altcoins will break free from Bitcoin in the nearest future. It might be inactive, which will allow altcoins to grow, but after another movement, we'll see the charts dependent on btc!

[Dreamace7]

I don't know if you had taken a look at the market the current bear market situation did not only affect bitcoin but altcoins as well are not fearing fairly also the market situations is bad and every one is feeling it

[Lake20]

You said the blunt truth, as Bitcoin continues to crash so altcoins are also doing and I thin as times goes on the dependency of altc on the price of Bitcoin will not be forever. A time is coming when this influence will reduce and their will be healthy growth in the overall market.

[starblocks]

The recent market crash is good news for consumers who've been waiting for the opportunity to pick up a few bargains to add to their portfolios before the next wave of growth begins

Institutional investors are primarily focused on assets that can be supported by an ETF/ETP product so these should be worthwhile long term investments

[debby070]

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.

Yes, I guess he said that while the bitcoin's status is negative the altcoin will going to benefit in that manner? If I am not mistaken I think most altcoins are dependent to bitcoin and bitcoin really influences the market value of altcoins.

[Dobby070]

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

I guess it is quite impossible that the downfall of bitcoin will lead to the improvement of other coins, I guess it is the bitcoin that pulls the altcoins on the way up and it is quite having a direct relationship with altcoins.

[KrishaBitcoin]

Its should be the opportunity for the Altcoins to step up and to show the market that they will not rely on Bitcoin performance but what actually happening is the opposite that if Bitcoin will crash it will create domino effect to most of the Altcoins making the Altcoins market to crash too that is why most people says that Altcoin will not live without Bitcoin.

[target]

Its always the volatility that crypto has to solve, if there are just less than 2% of the orld population who are in crypto and half of it cashout to secure their funds, the other half will follow.  If they see no money flows into the market in days, there is a higher chance that it will drop more making everyone panic.  If its not good for btc, its not also good for altcoins.

[WilliamCrum]

bitcoin is indeed falling but in my opinion it's not good news when viewed from any side, and even worse the BTC situation and all the crypto coins on the market have survived until now whether that is good news, i don't think so. even the fall of the BTC is now very drastic, and hopefully the current market situation will end soon because I'm already bored with the current market conditions.

Yes for all of the coins to remain in a good position it is important that Bitcoin remain in a good position as people when see that the price of Bitcoin is dropped then they also remove their money from other coins as they think that the whole market will be dumped which actually happens.