Will alts really die once BTC starts climbing unbelievable highs?

[||bit]

I don't think alts will die if BTC climbs to unbelievable highs. Yes, it can bleed on btc pair but if the project is offering something real, it would have value.

For instance, a token worth 0.01 btc right now would worth around 0.00001 btc if btc make a 1000x. Yes, you lost a huge amount compared to btc holding that altcoin but on the other hand, token worth 58$ at the start and at the end it was still 58$.

[proTECH77]

Candidly speaking, not all altcoins will die simply becasue of Bitcoin unbelievable highs, what we can see at this junction is, to see some altcoins gaining more profits than usual why definitely some others altcoins will die slowly. Currently i had some altcoins in myether wallets, and have gained some addiction since the rise of Bitcoin.

[Moshaid]

With things happening around the market lately I will agree with you that altcoins will die once bitcoin starts mooning but in cryptocurrency there's nothing like 100% predictions. The names highlight above made their predictions based on some circumstances that they have seen but still it's too early to conclude with such predictions.

[dothebeats]

For a while they will lose their value and 'die' though I don't think they will die for good. Once bitcoin started climbing down, the capital of people will go somewhere else, and people will get back to trading alts, pumping and dumping them for a while then go back to bitcoin once it shows signs of bullish touch all over again. What happens when bitcoin starts climbing is that people trading on alts are just moving their funds on what is more profitable, and at that scenario, bitcoin is the best bet that's why the altcoin market is looking gloomy while bitcoin shines. If both fails, other assets will receive that capital and the cycle continues.

[jak3]

I guess they just watched Avengers income recently should be chest trying to think themselves as Doctor Strange. They are just trying to watch all the alternative realities and possibilities of Bitcoin rising to $10,000 and maybe even more. Do you guys still care about the price unbelieve that Bitcoin is going to destroy all the old coins in the market? Like for real can you see only a single brand in the market when you drink a soda or beer there are definitely competitors are there and so does cryptocurrency also going to have. No matter what happens or what takes place old coins are not going to be extinct from the market.

[Odonko]

Most altcoins are useless at the moment and many investors have realized the mistake of ever investing into some of these altcoins. Apprently, not all coins shall die if bitcoin rises and some altcoins would surely rise in the bull market of bitcoin.

[gentlemand]

No.

Hope, or rather greed and delusion, springs eternal. The higher and more dominant BTC gets, the more shit there'll be scrabbling in the mud claiming its turn is next. In terms of shitcoins we ain't seen nothing yet.

There's a near infinite supply of the stupid and greedy. Shitcoinland may go deeper into obscurity. It's never going away.

[DreamStage]

I do believe alts will really die once BTC starts climbing unbelievable higher prices.
Since i am a trader i can tell you if it reaches > 1000% price from alts i will just quit on them. It will not worth my time trading on such alts since the small tradings around Bitcoin will be higher as in terms of profit.
You will be able to confirm this if you are a current trader.

[Mr.Ease]

No.

Hope, or rather greed and delusion, springs eternal. The higher and more dominant BTC gets, the more shit there'll be scrabbling in the mud claiming its turn is next. In terms of shitcoins we ain't seen nothing yet.

There's a near infinite supply of the stupid and greedy. Shitcoinland may go deeper into obscurity. It's never going away.

Agreed +1

Who doesn't like a good shit-coin once in a while 

[ralle14]

I do believe alts will really die once BTC starts climbing unbelievable higher prices.
Since i am a trader i can tell you if it reaches > 1000% price from alts i will just quit on them. It will not worth my time trading on such alts since the small tradings around Bitcoin will be higher as in terms of profit.

You say alts will die because they don't give out much profit than Bitcoin but altcoins can survive without having to do so. We slowly see the price of alts go down recently but it's far from dying.

I don't think alts will die if BTC climbs to unbelievable highs. Yes, it can bleed on btc pair but if the project is offering something real, it would have value.

For instance, a token worth 0.01 btc right now would worth around 0.00001 btc if btc make a 1000x. Yes, you lost a huge amount compared to btc holding that altcoin but on the other hand, token worth 58$ at the start and at the end it was still 58$.

Your example only applies to stablecoins. It's unlikely for altcoins to maintain the same value from start to end and a lot of altcoins could gain more if BTC starts on a run.

[avikz]

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.

I truly agree with this statement because I strongly belive that the community doesn't need so many altcoins. There should be only 3 - 4 cryptocurrencies available in the market and rest all should be scrapped! Because all of these altcoins are wastage of time and energy and also a threat to the crypto market. The investments are getting divided for no reason and making the bitcoin market weaker than its true potential!

We currently have more than 2000 cryptos as per coinmarketcap and 99% of them don't have any utility. For the greater good, these altcoins need to bleed dry!

[CryptoBry]

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.

Based on what I know on the history of Bitcoin, when it can be gaining grounds many of the altcoins will be carried with it along the way. The excitement in Bitcoin can overspill into many altcoins but of course it does not mean that all altcoins can get benefited as there can be some that will be left behind. In the year 2017 when Bitcoin almost reached the $20K level, many altcoins also did their own bull run. Bitcoin then is the barometer of the whole cryptocurrency industry...when people are rushing into its bandwagon we can expect some eyeballs also into many good altcoins. When Bitcoin is up the whole industry can be up and when Bitcoin is down the same thing can happen with the rest of his minions though they are all competitors in many ways.

[AndreyVen]

Bitcoin isn't an end all be all.

Different use cases, different blockchain networks.

Privacy, smart contracts, cloud storage, micro transactions, settlement layer... to name a few.

[olohifie]

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.

Well,  a rise for BTC will be a rise for alts especially ETH.  We all know how they crashed together. They must't always but this time prospects are that bull will be across board. I don't see BTC touching 100k as some claim.  Until then but for now we keep investing

[ebliever]

The pattern has been for BTC dominance to plunge during bull market rallies. Meaning that when it approaches a new ATH we can expect that alts will be growing faster in general. The notion that bitcoin will be the only surviving crypto is just harebrained and keeps getting wronger and wronger as time goes on. There will be myriad financial niches filled by myriad cryptos in the future.

[LUCKMCFLY]

My opinion is based on the market speculator's point of view, and that is that when uploading the bitcoin, the altcoins obviously go down, by normal action that the investors sell fast to buy bitcoin, but when the correction comes they will invest quickly in the altcoins, because its price will be much lower than it was before.

Now the intelligent speculator will make these movements if and only if it is assured that the bitcoin is starting its Bullish trend phase, because when bitcoin is gradually rising, the market of the Altcoins will begin to follow that bullish path, until they are able to stabilize, This occurs because investors never buy at maximum, they always take much of their money in altcoins because they know very well that altcoins have recoveries up to x10. If it is in this way, but if it is otherwise, it would put capital at risk.

[partysaurus]

it feels possible that alot of them will die out , feels like its way to many that are used for nothing , not realy understanding the use case for 99% of them, feels they are just get rich schemes with no real substance.

[TheKeyLongThumbI]

No, but they will die because of their uselessness. I think we have come to a point where the altcoins and other projects has only few years to prove that their product is worth to be used and recognized. They better show us great progress and developments because that is the only key for them to see theirselves competing with the other top coins.

[minersday]

There is no way altcoins are gonna die even if Bitcoin is worth $100k. Altcoins present a certain kinda balance to the crypto market. Each altcoin has specific roles  they play in the crypto ecosystem. Altcoins also introduce  different  features to the blockchain technology. Ethereum for instead introduced the smart contract protocol onto the blockchain platform which totally eliminated the third party system used in the transaction of goods and services.

[Slow death]

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

Let's put it this way:

December 2017

1 BTC = $19900

December 2017

1 ETH = $1380
1 ETH = 0.096 btc

1 XRP = $2.80
1 XRP = 0.00020 btc

1 BCH = $4000
1 BCH = 0.24 btc

other altcoins also had very high prices, the question here is:

- which crypto has a better chance of overcoming the prices of December 2017 in two years?

probably, people have already done these analyzes