mikelsmith2020
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June 21, 2019, 01:01:16 PM |
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The altcoins will drop as well, why? Most altcoins are paired in bitcoin so if the bitcoins price drop the altcoins will drop as well, as simple as that. Well if the bitcoin drops it's a great opportunity to invest not just on bitcoin but also to other altcoins. I've noticed it last year when bitcoin drops there's a lot of good cryptocurrency to invest in but now they're running bullish.
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memed97
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June 21, 2019, 01:38:43 PM |
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If the BTC goes down, then what happens to the altcoin also decreases even though the percentage of the decline is different from BTC, you can see as an example in the crypto market today because BTC is increasing and altcoin is following to go up although the percentage is very different.
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tenebriscaelum
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June 21, 2019, 01:46:10 PM |
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I would suggest for you to check first the market volume as even though a price of a certain crypto decreases that does not mean all of the tokens will follow with it. Even if it is BTC, as we already experienced similar kind of market situation where BTC is declining but prices of altcoins are increasing, vice versa.
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sherenikaw
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rocket.hashbon.com
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June 21, 2019, 01:50:13 PM |
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I think that some altcoins may also drop again following the Bitcoin. However, not all of them will drop, some coins may be still stable and stay in their rate or maintain it. However, I don't think that the price of the BTC will drop drastically if we are looking at the progress of the market so far. The BTC price is really amazing and significant for the increase.
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HASHBON ROCKET CDEX-CROSS-CHAIN DECENTRALIZED EXCHANGE PLATFORM |
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WalkerIVIV
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June 21, 2019, 01:55:34 PM |
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if btc drops to 7-8k range what happens to alts?
People will be rushing to sell their bitcoin for altcoin without care about the support wall and that's why the dump will happen for altcoin. Bitcoin gets increase but altcoin a bit difficult to get increase to consider the volume gets centralized on the bitcoin, the majority of increase on altcoins depend on the development that can be seen by investors especially for speculators. |
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MrPiggles
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Decentralized Ascending Auctions on Blockchain
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June 21, 2019, 01:57:19 PM |
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The altcoins will drop as well, why? Most altcoins are paired in bitcoin so if the bitcoins price drop the altcoins will drop as well, as simple as that. Well if the bitcoin drops it's a great opportunity to invest not just on bitcoin but also to other altcoins. I've noticed it last year when bitcoin drops there's a lot of good cryptocurrency to invest in but now they're running bullish.
BTC has a great influence in this market and the BTC is controlling all available altcoin so the price reduction of Bitcoin will greatly affect the profitability of investors. I think this is the rule in crypto and no one can resist this king during the past time. It is still not clear what will happen next, but I believe Bitcoin will remain stable until the end of June so don't worry too much. |
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poldanmig
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June 21, 2019, 02:01:21 PM |
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if btc drops to 7-8k range what happens to alts?
Some altcoins will drop other will stay the same it depends on the coin, there are some coins that only depends on Bitcoin on its market price and volume, we have seen this happen a hundred times and this has been the scene ever since. that's right, the problem is that bitcoin is still a benchmark for the prices of coins on the market, so when bitcoin will decline, it is likely that all coins that are still dependent on bitcoin will also decline because it has become a tradition from the beginning until now. |
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BeManga
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June 21, 2019, 02:07:41 PM |
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if btc drops to 7-8k range what happens to alts?
well if bitcoin price drop there a possibility that altcoin price will also drop in terms of dollar but some altcoin depend on dollar so their price might rise in terms of bitcoin |
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dark08
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June 21, 2019, 02:10:45 PM |
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Bitcoin pump altcoin dump
Bitcoin dump altcoin hard dump
If Bitcoin became stable for a moment then altcoin can create correction then follow Bitcoin price action this means that the trend of Bitcoin bring effect to the altcoin because of btc pair in the market.
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MadeinCoin
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June 21, 2019, 02:17:44 PM |
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There are plenty of altcoins currently you can picked and i'm sure at least one of them can be profitable and regarding your questions possibly some of altcoins will be rise up because i saw it several times that when bitcoin price dropped then the price of particular altcoins was pumped and i think there is no worried about that and make sure you're not panic to facing this
I think you are wrong because the price of bitcoin always determines the price of altcoin too. When the price of bitcoin falls, the altcoin also has the same impact. It's true that not all altcoins fall but the altcoin average won't be able to survive in the trend and will eventually follow the bitcoin trend. |
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Dontme
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June 21, 2019, 02:22:19 PM |
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if btc drops to 7-8k range what happens to alts?
Price fluctuation is normal in cryptocurrency, there is no new about it. If bitcoin`s price drop it does not really directly affect altcoin, the thing is that people decides to also sell their altcoin when bitcoin drops that is why altcoin`s price go down also. Though, if the people do not sell their altcoin, then the price will most likely not move or get higher. The ups and downs always depends on the crypto community. |
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suryapro
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August 02, 2019, 05:50:14 AM |
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We all know that Bitcoin is a pioneer of the current Altcoin. if bitcoin goes down, for me it's only natural. but that didn't last long immediately. just waiting a few more months, surely the price will be stable again.
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imstillthebest
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August 02, 2019, 07:54:50 AM |
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We all know that Bitcoin is a pioneer of the current Altcoin. if bitcoin goes down, for me it's only natural. but that didn't last long immediately. just waiting a few more months, surely the price will be stable again.
Not only months but the value can recover within that day or two , if not then the value van recover within a week . a month is already too long for a recovery . being a pioneer is not involved on this situation because even newly coins can also experience a drop and rise of the price . although all those crypto coins wont be stable like what you said because those cryptos that can be stable are only stable coins that have a 1 usd value . |
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ethereumhunter
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August 02, 2019, 08:56:51 AM |
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if btc drops to 7-8k range what happens to alts?
Then the altcoin will drop too deep following bitcoin drops. I cannot imagine what will happen if bitcoin price drops until that price because that will makes the altcoin will losing the power to stay at a price now, and that will make people panic. The market will have so many order to sell because of the fear that happens in the market. But usually, after the price drop, the price will recover and will increase to the higher rate, and sometimes, the price can break the higher price back. |
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dvdrewritable
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August 02, 2019, 09:02:37 AM |
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If the BTC goes for $ 7-8,000 then the market conditions will be much worse. I don't think it can take that much. I think it can not go below to 8500 and now BTC price is 10,000+ dollars. From here BTC will go up.
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leavolnhals
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August 02, 2019, 10:53:54 AM |
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if btc drops to 7-8k range what happens to alts?
It will definitely decrease accordingly. Because alts are all paired with Bitcoin and when bitcoin goes down, alts must go down. There is a very easy to remember law: + BTC increased -> alts slightly increased + BTC decreased -> alts fell sharply |
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Lagduf
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August 02, 2019, 12:14:42 PM |
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Btc drops and whole altcoins will do the same as bitcoin but those altcoins will be getting the worst chart than bitcoin because so many people only interested to exchange their altcoin for bitcoin.
I guess when bitcoin goes down to the 8k rate and then altcoin will go down more than 30% from its current price.
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Weng_saboh
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August 02, 2019, 02:01:32 PM |
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in this case I see the value of bitcoin is very stable and there is still a lot of demand, but if btc goes down at the price of 8k -7k this is a sign that there will be a very large decline for the price of altcoin, the value of bitcoin now is 10k only altcoin is still not growing especially if btc down will definitely see the red market
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sammy21
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August 02, 2019, 03:30:23 PM |
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obviously there will be a decline in altcoin prices. big or small depends on the ability of the altcoin to make the transition from the increase to the decline that occurred. because the effects of the decline in bitcoin will be felt in the altcoin market. especially if the decline in large numbers.
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m.rifki
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August 02, 2019, 04:54:12 PM |
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the decline in bitcoin will clearly make a decline in the overall market. we have known and seen that happen. even in a dump, we see how altcoin follows the downward movement of bitcoin. some altcoin might be able to survive and actually make an increase. but that only happens to assets that pump only on every update that is made.
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