Bitcoin Boom to $100K Will Destroy Altcoins

[Dexion]

Going by 2017 bull market history, do not think bitcoin going to $100K is bad for altcoins. Most altcoins should do very well in such a bullish market. Some bad projects closed down in 2018 but that is not unexpected.

now at least we can find out some projects that can survive in bad market conditions. 2017 conditions are very different from now, where the market is experiencing huge growth, and the altcoin is following the growth that has taken place. but now see only bitcoin and some altcoins are experiencing growth.

[HichemFetoui]

I don't think so instead good altcoin can go higher in price just like bitcoin if they have real world application and utility good luck for all

[LUCKMCFLY]

I sincerely think that when bitcoin reaches those prodigious figures that are not impossible, in its arduous path it will give many signs of being able to get there, so I am sure it will not reach $ 100k in one fell swoop.

For these movements to occur, you must first leave the accumulation stage in which the market is currently, for them you must accumulate 70 -80% of the bitcoins by the StronghHands so that they decide to take the bitcoin to the most expensive prices. possible highs, of aceurdo to this, the bitcoin will have a career of bullish tendency, that can be accompanied by many setbacks that are very normal in the market, if it happens in this way, the other way is that it grows in value if it stays with constant growth taking into account the 24 hours operations and if so the altcoins will not die, for two reasons, the first will always follow Bitcoin and the second Investors always see the altcoins as a gold mine to be able to invest and buy them very cheap and wait for their benefits, normally some bitcoin bullish trend altcoins tend to position themselves in green throughout the market, that is, they can go up from 2x, 5x, 10x and some up to 1 5x, since at those times investors are sheltering their money preventing a fall from affecting their money in bitcoin. That's why I think that if Bitcoin goes up to $ 100k the altcoins will not die, otherwise they will grow next to bitcoin.
This seeing from the point of view of speculation, if we take into account those who support the project, enthusiasts will help much more to the currency to keep rising.

[Argoo]

Going by 2017 bull market history, do not think bitcoin going to $100K is bad for altcoins. Most altcoins should do very well in such a bullish market. Some bad projects closed down in 2018 but that is not unexpected.

We have always seen that with the increase in the price of bitcoin, the price of altcoins also increases. Only useless coins and tokens will always die and leave the cryptocurrency market.
However, I do not think that Bitcoin will ever have a price of about one hundred thousand dollars. The usual human qualities will always work - stupidity, fear and greed, which will never allow Bitcoin to grow to such a price.

[playboy654]

Bitcoin Boom to $100K Will Destroy Altcoins, Predicts Crypto Firm – BTC, Ethereum, XRP, Litecoin Forecasts

A crypto venture capital firm led by Wall Street veteran Max Keiser says Bitcoin will rise to $100,000 at the expense of all other crypto assets.

https://dailyhodl.com/2019/05/06/bitcoin-boom-to-100k-will-destroy-altcoins-predicts-crypto-firm-btc-ethereum-xrp-litecoin-forecast/

I think only some useless altcoins will die.

Do you think all altcoins will die if bitcoin reach $100k?

I think the development will attract the altcoin investors to sell their altcoins and make the investment on Bitcoin this is the problem here because the people always want to get the profit so if they are go with Bitcoin then it really affects the development of other Investments.

[Bitcoin Smith]

Not like that the development of Bitcoin will give the people to make their different interest also and if the people go to the other investment then it will be fast you for the altcoins that's why I am saying this.

[coinporch]

Yea, I also think about like OP. We can see with the rise of bitcoin price Altcoin dump continuously, so if btc go 100k dollars then we can see some altcoin will touch the bottom in btc pair. But I think altcoin will maintain their price in USD. But in BTC, altcoin will touch bottom and people will left their trust from some Altcoin. It is right that if btc goes 100k$ then we can see high ranked altcoin also will go high price..But some of Altcoin can be destroyed not All.   

yes, altcoins price will down harder if bitcoin going to 100K USD, especially in Bitcoin terms
thats because a lot of people convert their altcoins to bitcoin my friend
and i agree with you if not all altcoins will be destroyed 

[A L I E N]

Some shitcoins will really vanish, but the best altcoins will only grow. So that, the holders of the promising tokens like Ethereum, NEM, Cardano, NEO may not worry too much. They are interested in BTC growth.

[Pagri]

On the contrary, I think it has been shown that after a major pump, investors tend to look for options to diversify their portfolios, so once the bitcoin reaches a price of such magnitude, many altcoins with good prestige and popular support will follow bitcoin closely.

However, it is to be expected that as the market grows and institutional investments become interested in cryptos, they will increasingly be more selective when choosing the option to invest their capital, so many current altcoins will die along the way, and those that survive will continue to close the progress of bitcoin.

[pixie85]

On the contrary, I think it has been shown that after a major pump, investors tend to look for options to diversify their portfolios, so once the bitcoin reaches a price of such magnitude, many altcoins with good prestige and popular support will follow bitcoin closely.

However, it is to be expected that as the market grows and institutional investments become interested in cryptos, they will increasingly be more selective when choosing the option to invest their capital, so many current altcoins will die along the way, and those that survive will continue to close the progress of bitcoin.

You are right. This is what happened in 2017 bull market. Bitcoin went up in value and altcoins followed it. People who made a lot of money on bitcoin and felt happy and confident begun to invest in ICOs and altcoins. When you are up on your portfolio by more than 200% in a year you are ready to put 10% of gains on the line.
I did the same thing and was later stuck with some worthless shitcoins.

[Publis]

Bitcoin does not have to reach $ 100K for the Altcoins to start dying. Altcoins die so well every day. The market is filled with useless tokens that are unnecessary on the market.

[stadus]

That's not gonna happen, I believe that BTC could rise as high as $100k but it should result to an increase on the altcoins market.
it doesn't matter what percent the dominant rate of BTC as long as the price will reach that high because this means there's fresh money that are coming in the crypto market, and based on what I noticed in the past, when there's fresh money, they also tend to invest in altcoins, so its more likely a positive effect to altcoins than negative which is the destruction.

[fuguebtc]

Is it clear that BTC will reach 100k one day? Maybe it never reaches to 20k again. So far we have seen that whenever BTC rises, alt coin also rises and same will be seen if BTC touches 100k eth will touch 20k.

[sunsilk]

Is it clear that BTC will reach 100k one day? Maybe it never reaches to 20k again.

We don't know what's waiting in the future, we never expected it to be at $20,000 last time and thinking that $100,000 is highly impossible is okay. We may or we may not see $20,000 again but this is bitcoin, it has always been unpredictable and everything is possible.

It may have a great price tomorrow or it may lose it's price tomorrow.

So far we have seen that whenever BTC rises, alt coin also rises and same will be seen if BTC touches 100k eth will touch 20k.

Exactly that would be the pattern but as I've said it has been unpredictable.

[go4crypto]

Bitcoin next miner reward halving is in May 2020 so only a few months away. Bitcoin has rallied 40 times or more in the next year following past two halvings. Next similar rise can take it way above $100K in 2021. Good altcoins should go up much more than bitcoin.

[Shasha80]

If bitcoin booms to $ 100k, of course the price of altcoins will be destroyed, because all investors who holding altcoins will move to
bitcoin. But it won't last long, usually bitcoin after rising high the price will be sideaway. Then after that the price of altcoins will slowly
rise following the rising price of bitcoin. Especially for some popular altcoins that have large volume will soon rise up like ETH, BNB, LTC,
XRP and XLM. For altcoins with small volumes with rising bitcoin prices to $ 100k will most likely die. So if you want to invest in altcoins
in the long run you can choose altcoins that have large volumes or choose the top 10 ranked altcoins in Coinmarketcap.

[Btc_1856]

Going by 2017 bull market history, do not think bitcoin going to $100K is bad for altcoins. Most altcoins should do very well in such a bullish market. Some bad projects closed down in 2018 but that is not unexpected.

Yes, many potential projects raised more than 40 million have already closed their project, which we don't see active developments. After 2017, the bull market once the price of Bitcoin becoming stable then the prices of the altcoins starts recovering, so this time we have to wait and see how far altcoins will rise again.

[DimitrisLodirogas]

The useless ones will die yes but the one with real product behind them probably no. Don't agree with this article.

[bitcampaign]

I also think that not all old altcoins will die, but I feel a lot of new Altcoins launched from 2016 to 2017 are dead before bitcoin to $ 100k, I hope that ICO will die before so that not many people are tricked into buying and following ICO except buying it's bitcoin and Altcoin which are worth buying and investing, but I don't know there might be a big altcoin going bankrupt in the near future

[bohr]

Is it clear that BTC will reach 100k one day? Maybe it never reaches to 20k again. So far we have seen that whenever BTC rises, alt coin also rises and same will be seen if BTC touches 100k eth will touch 20k.

Bitcoin at some point will surpass its all time high, it is just a matter of time so the only thing that you have to worry about is if you are still going to be holding your bitcoins when that happens, but it is really doubtful that if bitcoin reaches 100000 ethereum will reach 20000, the supply of ethereum is simply too big and even worse there is not a limit to the amount of ethereums that are going to be created so in a way ethereum is not really that different than any other fiat.