if btc drops...

[roosbit]

if btc drops to 7-8k range what happens to alts?

7-8k well Bitcoin might shed so much value but I can assure you that for altcoins it is usually worse...which is why the last bearish market left so many altcoins for dead and it had never been the same.

Bitcoin is the basis of most of the altcoins so if btc drops, the altcoins drops also. If you would observe and compare their charts then you will notice the connection they had. The recent price increase last May proves it because of their uncanny relationship.

It could be safe to say that 85% of these coins are affected this way because so coins have demand and pump groups bumping them up.

[Furious 7]

As usual altcoin will go down and panic altcoin holders.
This causes traders to have to change trading strategies, choose a cut loss or continue to hold their coins.
this is a difficult decision.

[GeorgeMichael-III]

If btc drops me and tons of others will buy a shitload sending the price miles higher again. Easy as that.

[suryana]

I guess Altcoin will also drop following Bitcoin, but I think that's our chance to buy more Altcoin
for future savings when BullRun happens again then the Altcoin price will recover soon again and we will get big gain.

[Joyawan13]

for example, the price of bitcoin will reduce the price to such an extent, it will most likely be that the other altcoins will certainly not have a price, but it is not as easy as we think that bitcoin will reduce the price to such depth, and I cannot imagine for example it will happen, but I will always be optimistic that the price of bitcoin will not be able to go down so deep.

[Flor1982]

Bitcoin will always create a domino effect in Altcoin market so expect majority of the Altcoins will drop too and few of them will become crap specially those Altcoins in which there commodities are not feasible to the masses and the crypto investors.

[lienfaye]

if btc drops to 7-8k range what happens to alts?

When bitcoin price drops the alts will likely to drop as well but some alts are not depending to btc, just like what happened early last year.

Btc price is continuously dropping last year after its ath but some alts managed to soar high. Alts have different movement and even btc soar high this year already some alts remain at the bottom so it depends.

[ajaymukund]

if btc drops to 7-8k range what happens to alts?

All alts will be red and sharks will escape from the market. it is like a price drop at the end of 2018. they will leave for a short time to make investors' psychology frightened and continue to sell off at low prices.

[Bitcoinjheta]

The moment when bitcoin drops 7-8k range i would say its a Christmas day were all of its accessories are in red colors. There would be a big affect in altcoins if the value of Bitcoin is decreasing for example from $10,850.02 to $7,000.

[cryptofirm]

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

traders now focused on bitcoin, maybe when bitcoin surpass 15K USD level, altcoins price will growing in good movements my friend
i think soon or later bitcoin will surpass thats price level, be patience  

[mersal]

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

traders now focused on bitcoin, maybe when bitcoin surpass 15K USD level, altcoins price will growing in good movements my friend
i think soon or later bitcoin will surpass thats price level, be patience  

We want the prices to be increasing always but having red days is also needed if we want to make profits from investing on it.Currently the prices reaching $11,000 and more in the coming days so plan your investments on the crypto currencies since the price increase in bitcoin will also affect most of the altcoins to follow the price movement of bitcoin.

[rodel caling]

if btc drops to 7-8k range what happens to alts?

Imthink not I strong believe that bitcoin price stay atrong and not fall into that price range 7k to 8k usd, here is the update of of bitcoin he means bitcoin is already strong breaks again the barrier of 10k usd at this time bitcoin price is exactly $10818.74 USD (2.98%)
1.00000000 BTC (0.00%) based in the coin market cap.

[D3m1r4wanti]

As is already very often the case, when the price of bitcoin falls, actually the price of altcoin will also fall, although usually many people switch to trade on altcoin when the price of bitcoin falls, but that is what happens the price of altcoin is also not really increasing, even more fall down.

[vanmoreno]

as long as I see the movement in the crypto world, when bitcoin goes down this will affect the value of atcoin which drops very dramatically, the value of altcoin will be as it used to be of no value. I'm worried that investors will sell their altcoin assets to buy bitcoin on a large scale

[Denis1991]

When BTC falls, most altcoins follow it but when it rises altcoins do not with less force. The last year is proof. With the naked eye, we see the devaluation of altcoins!

[suvo05]

When BTC falls, most altcoins follow it but when it rises altcoins do not with less force. The last year is proof. With the naked eye, we see the devaluation of altcoins!

yes, that's a true fact.  The BTC is still now the most dominant coin and certainly its price effects to the market. So when it fails the altcoins follows it. But when it increases then the traders try to sell the altcoin and go back to the basis-BTC. That's why I think that situation happens.

[Bitcoin Smith]

if btc drops to 7-8k range what happens to alts?

there is nothing effect the other currency when the Bitcoin is dropping because each and every currency had its own development and also its own feature to develop in the investors and so I think if Bitcoin drops then people reduced investment and other currency it is the only affected things.

[Golftech]

When BTC falls, most altcoins follow it but when it rises altcoins do not with less force. The last year is proof. With the naked eye, we see the devaluation of altcoins!

yes, that's a true fact.  The BTC is still now the most dominant coin and certainly its price effects to the market. So when it fails the altcoins follows it. But when it increases then the traders try to sell the altcoin and go back to the basis-BTC. That's why I think that situation happens.

The attitudes of most traders are still the same it' all about how to quickly earned so we are seeing this movements as the market still dominated by bitcoin and each movements this coin go it's been chased by traders, there's a need of much stronger pumped before we can see diversions from big earners and lift up the alts community.

[sulendra12]

if btc drops to 7-8k range what happens to alts?

If that would happened, then alts would just crash as well like what we have experienced in 2018 where everything went down both Altcoins and Bitcoins. We don't want to see that ever again, because Bitcoin is already doing good this year at $10.9k price range, which is good.

[leea-1334]

The moment when bitcoin drops 7-8k range i would say its a Christmas day were all of its accessories are in red colors. There would be a big affect in altcoins if the value of Bitcoin is decreasing for example from $10,850.02 to $7,000.

Christmas already came early in Q1 of this year remember, we had Ethereum below $100, we had Bitcoin almost at $3k, and compare that to what price we have even today after 2019 highs all came down? Already x3 for many of the big coins in less than 6 months. I would say hodl longer if you want,,, or get out now and give us other Christmas gifts;)