The BTC crash is good news for Altcoins

[igor.vanyutin.83]

It would be awesome if the market dominance of Bitcoin would go down, because I am tired of the fact, that if BTC is going down every altcoin is following. We need another wave of hype to reach another great goals.

[Semaj123]

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.

Altcoin is always connected to BTC because from the moment it crashed, there is mutual response. As we can see the crypto market, everything is still on red mark which it doesn't shows some bigger difference. Still the situation continue to drop and definitely those who have bigger holdings would start to worries assuming they invested last year's value.

[FuryBeast]

Btc crash isn't good for alts, as btc is the main market indicator.

[aprilnot]

whatever the problem faced by bitcoin, the altcoin must always be affected. so this is not good news for altcoins.

[Meggie Diaz]

The BTC crash is good news for Altcoins

You can think of it as good news maybe because you can buy altcoins at low prices. But for me if the bitcoin price is crash is the worst thing for the altcoin because the market becomes unstable and it looks very scary to trade. In addition, the bitcoin obtained from the altcoin trading if exchanged to fiat the results is very little.

[veter2601]

I believe that the Altcoins follow BTC. And if the BTC will continue to decline in price, the prices of other coins will also fall. At the moment, BTC sets the trend for the entire crypto market.

[Golftech]

I believe that the Altcoins follow BTC. And if the BTC will continue to decline in price, the prices of other coins will also fall. At the moment, BTC sets the trend for the entire crypto market.

If btc continue to fall most of those Alts will die and won't get any Support from the community, as investors and traders will look to invest more for Bitcoin instead of risking their money to another Alts, the market still lying with the date of Bitcoin and it's no good news if the value continue to crash.

[magnat7691]

Perhaps the article has common sense, since the Altcoins are really aimed at global change of the world around us.

[letyouearn]

Don't think that altcoins will get rid of BTC dependance. When the bull market comes back and Bitcoin begins to grow everybody will be buying BTC first and after that - some main altcoins. One of the main reasons here is trading pairs - not many altcoins are being traded to USD. They are all traded to BTC.

[hungafub]

It's safe to say that the altcoins are still bleeding just as hard as they have been, when BTC goes down 7-8%, the altcoins go down 15%. BTC doesn't rally as hard as the altcoins, but you have to keep in mind that it also doesn't fall as hard as them.. Hindsight is 20/20, but the best thing any of us could have done (apart from getting out entirely) was to move into Btc, I think most of us that didn't have lost virtually all our satoshi gains...

[Onestepinhell]

bitcoin is cool and i hope taht it will he in the top 10 for a while as a lot of peolel believe in it and i think they deserve ti

[superscommessebitcoin]

I still see that all altcoins are still very strongly tied to Bitcoin and at the moment, Bitcoin is like a stone that pulls under water.

[kier010]

but when bitcoin price go down altcoins also follow indicating that altcoins are still dependent on bitcoin. so it is not a good news for altcoins a they will remain connected to bitcoin but who knows maybe an unexpected will happen.

[iqlimasyadiqa]

Don't think that altcoins will get rid of BTC dependance. When the bull market comes back and Bitcoin begins to grow everybody will be buying BTC first and after that - some main altcoins. One of the main reasons here is trading pairs - not many altcoins are being traded to USD. They are all traded to BTC.

Yes, all the altcoin price benchmarks are mostly influenced by the price movements of bitcoin. so whatever happens to bitcoin will definitely affect the altcoin. looking at existing data, we can ensure that most altcoins are currently dumped when bitcoin prices decline.

[papagravel]

The good news for altcoins is when bitcoin has risen dramatically in price. This means that the growth of the cryptocurrency market began, and in the future will begin to grow and altcoins.

[jpnl0005]

every coin or token in the coin market irrespective of what market it is must have a trading pair and some way or the other that trading pair is still tied to the bitcoin or ethereum when in line is tied to the bitcoin pair and that means that what ever happens to bitcoin has in  a way affected all other altcoins. so it is no good news for altcoins

[Gabali126]

There is no evidence to support this post. What we have always seen is that BTC crash also corresponds to altcoins crash.

[CleverOracle]

Every time the market dips below an opportunity for investor opens especially those who are new in crypto-space. They will have a chance to buy lot of coins in cheaper price even they start in a small capital.

[Question123]

Not all the time. Because remember if the bitcoin decrease because they are base or connected to the bitcoin they also affected maybe theu have some advatange like ethereum which is best altcoins they can become bitcoin once bitcoin decreasing.

[karthcrypt]

Bitcoin crash is never a good news for Altcoin. Many Altcoin derive it's value from bitcoin and when bitcoin dumps,  every Altcoin simply go under.  As cryptocurrency market grows and mature,  I believe this trend will change for good!