Tone Vays said that in next bull run altcoins will die

[ATSgrowth]

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

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[sunsilk]

That's plausible, people will learn that everyone has to go with bitcoin. This is crypto market and everything that you can expect can turn into unexpected scene so what he says is probably true when people wants bitcoin only.

There might be some altcoins that will survive but it will be very few, minimal. I think people will be scared of these altcoins and ICOs because most of them are said to be scams so instead of investing there, they'll choose bitcoin.

[bbc.reporter]

@sunsilk. People will never be scared because we love to gamble hehehe. However, I reckon the only reason why people would stop speculating on ICOs are strict regulations if succesfully enforced.

@ATSgrowth. Tone Vays has a haircut that predicts better than him hehe.

[sunsilk]

@sunsilk. People will never be scared because we love to gamble hehehe. However, I reckon the only reason why people would stop speculating on ICOs are strict regulations if succesfully enforced.

Well it's true that we are never be scared because we love to gamble but that's for some people. But there are crypto folks that learned from the past and don't want to commit same mistake of falling into a wrong altcoin or ICO.

As most of them requires KYC too, majority doesn't want to comply with that so instead of getting with those projects it's best for them to stay with bitcoin.

[vv181]

Honestly, I pretty much doesn't care about what others thing speculatively about Cryptocurrency in general. People like Warren Buffet nor JP Morgan even though has a famous name, It doesn't change my perspectives about cryptocurrency. Nevertheless, when it comes to technical of the underlying technology, I take consideration of it.

I'd agree that in the next bull run altcoin could die because when we look to a bigger perspective, the majority of cryptocurrencies are meant to be created for a scam, and has zero value, and real-life usage. It won't be surprising if it abandoned. However, Bitcoin won't lead with a significant dominance over the cryptocurrency markets, there is some valuable cryptocurrency that worth to be looking for because it actually has a usage.

[styca]

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

I agree that often it is bitcoin that leads any recovery, but I think it is an absurd claim that all altcoins will fail and only BTC will survive. This means that either the purposes of alts (smart contracts, fast payments, IoT, privacy etc) are irrelevant, or else that BTC can provide all solutions and do so better than all alts in every case. I really don't think that's true at all.

[X-ray]

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

It can't be understood while altcoin should be the reason why so many people are interesting in bitcoin right now, he was bitcoin maximalist or am i wrong about that? so many people have been saying like what he doing it right now So many experts getting fail to predict the future of crypto.

[slaman29]

What kind of scenario is that compared to what has already happened to altcoins now? I've seen most of my alts just drop to around 70-90% of their ATH, thankfully none have completely died like others. But that's already to me "death".

BTC increases, in general so do alts, that pattern won't change so fast.

[ethereumhunter]

Hello, recently one of the most famous traders Tone Vays said that next bull run will cause altcoins crash because people will start with the massive sale of altcoins and they will put everything in Bitcoin.
Do you agree with him? Really only Bitcoin survives?

Agree or not, I don't think about the truth of his says. He doesn't know when the bull run comes, and he only said that but that could happen in the future. I am sure that bitcoin can survive from now on and we already knew that bitcoin still survive in the past too so bitcoin will still survive. You can agree with him, but you must make your analysis and not just following what he said because you don't know if he was telling the truth or not.

[Red-Apple]

i don't know if you are quoting this person wrong or out of context but that statement sounds like a load of crap to me.

the altcoin market is not going to change any time soon. we will continue to see the same pump and dump crap over here for at least 2 more bitcoin's bull runs.

like before we will see an initial huge altcoin dump as bitcoin starts to have big rises since obviously people will run back to the only thing that has ever matters (which is bitcoin) and leave altcoins which causes their dump but altcoins will not die because of that just like they never died before when they got dumped.

we will see them continue being pumped like always because the altcoins (specially shittier ones) have always been a good source of profit for bitcoin investors who want to increase their bitcoin wealth!

[BitcoinHodler]

Do you agree with him? Really only Bitcoin survives?

it depends on your definition of "survival". for example do you consider an altcoin which was created a while ago and its initial price was about lets say 50,000 satoshi and all its life it continued downwards and is currently worth 0.01 satoshi a coin that "survived"? if yes then he is wrong.

if you define survival as something that not just has a price tag on it but also is improving, is being adopted, grows, offers utilities,... then you can see how 99% of the coins are simply considered already dead.

[romero121]

Altcoins serve as the support system to the growth of bitcoin. Altcoins too have contributed good to the cryptocurrency network and there were more potential coins that have good usability similar to bitcoin. Till date whenever there is a kind of bull trend, automatically the altcoins get to be bullish following the bitcoin trend. Altcoins die when there is no usage anymore, but there are stores and other services as well products backed on specific blockchain. Maybe there won't be further growth with altcoins on next bull run, but altcoins won't die.

[kodtycoon]

I don't think it's in accordance with the plan, each altcoin has its own price and has been converted to bitcoin if it's sold will reap profits too, not just bitcoin but altcoin the exact same. well team and developer have prepared the risk they are not stupid mate, by the way they product must have been dump before to reduce the volume of the market so that the profits they achieve if all investors or holders sell it

[kenzawak]

It all depends on who is still investing in cryptos. If it's real believers, yeah they'll sell their shitcoins to get BTC.
If it's people who believe they can make easy money with altcoins, some of those coins will survive I guess... until they're sold.
But in the long run, most altcoins will die and BTC will still be there whatever happens.

[Cryptosaja]

It's likely that many people will sell altcoins at the bull market later, especially if the altcoin price is very high, and that will cause the altcoin price to fall again, but we hope the altcoin can fix the price later

[shoreno]

It all depends on who is still investing in cryptos. If it's real believers, yeah they'll sell their shitcoins to get BTC.
If it's people who believe they can make easy money with altcoins, some of those coins will survive I guess... until they're sold.
But in the long run, most altcoins will die and BTC will still be there whatever happens.

Not all altcoins are sh*t  . a real believer will always include promising alts to his portfolio , therfor i donth think alts will die instantly .  one thing that i know is that alts value is verry dependent on bitcoin  . so in other words if bitcoin experience a massive bull , theres a high chance that alts will also follow   and if ever people sell alts , the value of them drops hard but the dip is still the reason why many users will invest again on them .

[BuNga_cute]

The moment of the decline of the coin will be when many people sell, maybe it will be used also for them as an opportunity to buy at prices that have gone down and altcoin will rise again after that, I think many altcoins have very good potential

[Milamol]

I don't think it's in accordance with the plan, each altcoin has its own price and has been converted to bitcoin if it's sold will reap profits too, not just bitcoin but altcoin the exact same. well team and developer have prepared the risk they are not stupid mate, by the way they product must have been dump before to reduce the volume of the market so that the profits they achieve if all investors or holders sell it

Most altcoins do not have their own fundamental price. Their price is based only on expectations. But in the future, some alts will have their price. Because some projects will generate profits. Perhaps they will not be heavily dependent on BTC and ethereum.

[paramind22]

If you want to be a media personality, you have to stand for something that makes you stand out.  There needs to be a talking point.  Whether he really believes it or not is a question in my mind.  Of course, other people believe it who follow him, but that is an extreme position that would require tens of billions of dollars to switch over to Bitcoin that are nowhere near it now.   All this wonderful utility and trading mechanism would have to be gone, and the people will never want that.

[HichemFetoui]

Some altcoin will die and some will survive I think this is will be so healthy for the market in the long run and will facilitate the choice for some investors:)