Will alts really die once BTC starts climbing unbelievable highs?

[Stedsm]

https://ethereumworldnews.com/crypto-vcs-bitcoin-nears-100000-2021-altcoins-die-off/amp/

Watched this.
Heisenberg Capital, led by Max Keiser and Stacy Herbert, two of the most early cryptocurrency adopters, gave a statement that BTC will probably outperform in the near term and will end the whole game for alts as the whole capital is currently being fetched out of alts and being put in BTC only to make it realize its true value. They believe that 2018 was all a comeback for Bitcoin to claw back the market share out of altcoins.

I've been watching and I'm seeing each and every of their word to be getting proven true as all the alts are just declining and people are trying to steal the only giant cryptocurrency - Bitcoins by only playing the leveraged trading games going on over Futures platforms and exchanges like Bitmex. The volume for each alt is declining to their all time lows while BTC has started showing greater possibilities of breaking its all time record highs once again.

Please share your thoughts on this and tell me what do you think.

[ðºÞæ]

Max Keiser and his pump and dumps over the years, Quark, Maxcoin, Startcoin......

[Mr.Ease]

Max Keiser and his pump and dumps over the years, Quark, Maxcoin, Startcoin......

Good ole' Max Keiser - Sharing his crypto wisdom once again for us to learn his ways.

This could be true. I have thought of a couple endgame scenarios
- Alts would take over and sooner or later one would eventually crumble BTC
- BTC would rein king and destroy alts

So, I mean. His prediction isn't really uncommon.

I don't see alts crumbling tho. Eth, XRP, and lots of top alts gained more % than BTC over the last pump cycle and retained much of their value afterwards.
It's not like i'm looking at $5 Ethereum right now - ya know what I mean.

[mu_enrico]

I think there will always be some people who think BTC price is too high for them and buy a cheaper alternative. Also, many altcoins serve a different purpose other than only P2P cash. So, many will die while some will stay.

By the way, Max Keiser is just a shill IMO.

[Beerwizzard]

1. First of all during the obvious bull run all markets were green. Shitcoins sometimes were doing x10 while BTC gained only 10%
2. People are HODLing their shitcoins that are not growing during the time BTC is gaining in price. So they are selling shitcoins to get some profit with BTC.
3. Price of all those shitcoins is calculated in BTC or ETH, most of them don't have fiat trading pairs. So for example if someone is opening some service and raised in ICO $1 mln then his startup for that moment worth around $1mln. But in case BTC gained 10% then this startup also gained 10% while they did nothing and its real worth remained the same. So investors are selling its tokens because they are overpriced.

[Stedsm]

Good ole' Max Keiser - Sharing his crypto wisdom once again for us to learn his ways.

This could be true. I have thought of a couple endgame scenarios
- Alts would take over and sooner or later one would eventually crumble BTC
- BTC would rein king and destroy alts

So, I mean. His prediction isn't really uncommon.

I don't see alts crumbling tho. Eth, XRP, and lots of top alts gained more % than BTC over the last pump cycle and retained much of their value afterwards.
It's not like i'm looking at $5 Ethereum right now - ya know what I mean.

I'm also not saying that they might drop to ground zero immediately, but I see no future of alts that are actually worthless and have nothing productive in their existence whereas I still believe that alts like ETH and EOS have reasons to stay die to the smart contracts and many good tokens using their blockchain and as well, both these projects are good as well after upgrades.

1. First of all during the obvious bull run all markets were green. Shitcoins sometimes were doing x10 while BTC gained only 10%

Really? Any proof? Where the shit did you find that?
It's true that alts gained a lot during the bull run, but BTC also did a 3x compared to whatever the 10% you're talking about.

2. People are HODLing their shitcoins that are not growing during the time BTC is gaining in price. So they are selling shitcoins to get some profit with BTC.

I don't think that they're offloading but trying to gain more at lower values to cut off their losses to least levels. BTC alone can't pay them off, but what if alts give a surprise with a comeback at least once? That would be a twin-win situation for those who filled their bags with the alts they follow.

3. Price of all those shitcoins is calculated in BTC or ETH, most of them don't have fiat trading pairs. So for example if someone is opening some service and raised in ICO $1 mln then his startup for that moment worth around $1mln. But in case BTC gained 10% then this startup also gained 10% while they did nothing and its real worth remained the same. So investors are selling its tokens because they are overpriced.

The only point I kinda agree with.

[Ailmand]

They say that it's been happening since 2011 but as what we have witnessed last 2017, altcoins also bloomed when bitcoin hit the highest price. Most altcoins rely on Bitcoin's value so I have no doubt that some dead coins would have its value when the bull run happens.

[Adriano2010]

I think the old and trusted coins will not die even if bitcoin will reach 500,000$ or more, they will still be used and will still have some value, i reffer to coins like Ethereum, Litecoin and others who already have an history on market.

[Genemind]

We should never underestimate altcoins because just like bitcoins, they could also have a promising value when the market strike the best situation.
Some altcoins follow the trend and coins which we think are worthless sometimes rise and becomes profitable.

[target]

Is that right?  I wonder which alt he shills this time.

We're talking about BTC getting dumped and replaced by the altcoins when certainly they rely on BTC's value. Bitcoin is just 21M and more than millions were already gone in the forgotten wallets which means the limited supply and how rare BTC is will be overthrown?

[Haunebu]

I think the old and trusted coins will not die even if bitcoin will reach 500,000$ or more, they will still be used and will still have some value, i reffer to coins like Ethereum, Litecoin and others who already have an history on market.

I agree 100%. The only altcoins that have the chance to survive for a long period of time are the ones which are popular, have a strong real life use-case and are not P&D coins basically. Also, I don't really care what Max Keiser views regarding the cryptocurrency market overall.

[figmentofmyass]

I've been watching and I'm seeing each and every of their word to be getting proven true as all the alts are just declining and people are trying to steal the only giant cryptocurrency - Bitcoins by only playing the leveraged trading games going on over Futures platforms and exchanges like Bitmex. The volume for each alt is declining to their all time lows while BTC has started showing greater possibilities of breaking its all time record highs once again.

Please share your thoughts on this and tell me what do you think.

zoom out, check out altcoin charts from 2013/2014 through now. these are cycles. and every time we go through a cycle where bitcoin outperforms altcoins, bitcoiners start proclaiming that "alts are dead".

it reminds me of nocoiners yelling "bitcoin is dead" because it's crashing against the dollar. in both cases, nothing is dying. the last bear market cycle (2014 on) was very brutal for altcoins and this is/will be no different.

but you and heisenberg capital will both be in disbelief in a couple years when altcoins are bubbling again.

[rdbase]

I think the old and trusted coins will not die even if bitcoin will reach 500,000$ or more, they will still be used and will still have some value, i reffer to coins like Ethereum, Litecoin and others who already have an history on market.

But even these coins are dropping in price while bitcoins price is rising. The price of bitcoin was $5900 last night and checked the price of ethereum and it was over $180.
This morning checked the price and it was right around the same price for bitcoin but ethereum dropped down to $169.
Even with a lengthened history in the cryptocurrency space they are still susceptible to dropping down in price as any other altcoin whom just started out. Just look at the original ethereum etclassic. It has never really gone up in price but just keeps going lower.

[Samuel4]

This could be true. Before now I was thinking that alternative crypto currencies will increase in price when Bitcoin price goes up. But currently the case seems to be the reverse. The reason behind this is that so many people are selling their alternative crypto currencies to buy Bitcoin for hodling, expecting high returns. This trend can lead to a fall in the price of altcoins.

[rijaljun]

I do believe that Bitcoin is the only blockchain product that will be exist in the future. The rest of crypto will eventually die. There are few reason behind my opinion :

First, that Bitcoin has a perfect concept while other cypto are just following hype, copying other's idea, and claiming to be the best. Second, Bitcoin is the only one that have been invented by unknown person (Satoshi Nakamoto) which make the growth of Bitcoin is purely caused by community support. Third, Bitcoin is the most decentralized product built with Blockchain.  I'm glad that we don't know who Satoshi is and I hope Satoshi would never come to public. If he decide to come to public, someone might have a personal feeling with Satoshi which will make Bitcoin looks bad or someone will push Satoshi to do anything against the original concept that will give them advantages from it or to make control over Bitcoin.

[rdbase]

Once bitcoin gets to the reaches of $100,000 per coin as some here are speculating it could reach within a few years then you will start seeing altcoins dropping off like flies.
The king will take the reigns and at this point in time will probably be the main transmittance of value in several parts of the world such as venezuela.
Its time will come.

[squatter]

1. First of all during the obvious bull run all markets were green. Shitcoins sometimes were doing x10 while BTC gained only 10%

Really? Any proof? Where the shit did you find that?
It's true that alts gained a lot during the bull run, but BTC also did a 3x compared to whatever the 10% you're talking about.

Have you never compared Bitcoin volatility to altcoin volatility? They are by no means equal. During the bubbles, altcoins rise much harder than Bitcoin. During the bear markets they fall much harder.

Compare the gains made by Ethereum during calendar year 2017. Ethereum rose about 16,000% over that time. Bitcoin rose about 2,000%. When the crash came, Ethereum lost 95% of its value while Bitcoin only fell 84%. This dynamic is reflected by most altcoins. The smaller an altcoin's market is, the more exaggerated this effect is.

[AntoCokbun]

I don't know what will happen if bitcoin is able to reach the highest level in its history, but what I'm thinking here is that not all altcoins will die and maybe only a few of them can't afford to survive in times of difficult times and loss of trust from investors. For sure, I think when bitcoin will continue to increase then other large coin coins such as ethereum, and ripple will still follow it.

[The Cryptovator]

Not sure alts will die or not but seems we are on deep bear market when I look on my alt coin portfolio. Most of alts dumping very hard and not recovering as well. Who know, perhaps alts will start recover once bitcoin stay stable. I think most of peoples or traders are busy with bitcoin trading, and thats the reason why alts are bleeding. But really it doesn't mean alts would die totally. If alts die then how traders will get profit from markets. Just trading with fiat and btc isn't enough to continue crypto revolution. 

[rijaljun]

Not sure alts will die or not but seems we are on deep bear market when I look on my alt coin portfolio. Most of alts dumping very hard and not recovering as well. Who know, perhaps alts will start recover once bitcoin stay stable. I think most of peoples or traders are busy with bitcoin trading, and thats the reason why alts are bleeding. But really it doesn't mean alts would die totally. If alts die then how traders will get profit from markets. Just trading with fiat and btc isn't enough to continue crypto revolution. 

I think it's possible since the Bitcoin aims to be a peer-to-peer electronic cash system, and from that we can conclude that Bitcoin are here not for trading. So, if we talk about industry then it's very possible for altcoins to be no more interesting for most people and then they will die. How about Bitcoin? Can it also die? Absolutely yes, but so far Bitcoin is the most perfect cryptocurrency and there is no reason for Bitcoin to die before altcoins.