if btc drops...

[Cnut237]

The market is still bullish. We are in a consolidation phase. Hopefully we are now nearing the end of it, and back to price rises - some encouraging signs today.
I much prefer this sort of rise where we have periods of cooling off and establishing new support levels. It makes the whole market more resilient.

[hulla]

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.

Not all the time the alts will depends on the price of btc there are also some alts that excel when the price of btc drops, and that is the time the people should look into it for the reason of having a good profit in return.

The price of altcoin market will always depend on BTC for BTC is the most trusted and dominance we have in the market cryptocurrency automatically it have the upper hand than every altcoin since it have the highest support.

The market is still bullish. We are in a consolidation phase. Hopefully we are now nearing the end of it, and back to price rises - some encouraging signs today.
I much prefer this sort of rise where we have periods of cooling off and establishing new support levels. It makes the whole market more resilient.

The trend showed by the market during last weekend have proof this week market to be consolidation moment but  we both know the dump trend is every much alive until it next year and the best thing we can do now is to seize the moment.

[kabit9]

BTC seems to have found good support around $9,500. I think we will move up from here, and I hope it is sustainable movement rather than parabolic, as that is never sustainable. My EOY target holds around $ 35,000 for BTC.

[Om.monata]

if the btc price drops maybe now the altcoin price will also experience a big drop. now we see if the effect of btc on altcoin and the crypto market is very large, it will be easy to shake crypto by simply dropping the price of btc

[el kaka22]

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

That is what a good trader does, they see a price drop, buy and then sell it when it is high, which is usually the way most whales do accumulate their coins, that is why I believe that bitcoin will never zero as against what some people are saying or as against someone fact based on shalecoin that bitcoin may go as low as $100 which I don’t believe that can ever happen, like you said, as bitcoin drops, there are thousands of people waiting to buy that price.

It is only altcoins that drops in value and people get discourage or panic sell that must, because they feel the price may never recover again, but when it comes to bitcoin, every of its drop is a disguise in blessing, just like I sold some of my coins now, I am waiting for price to still dump before I buy again.

[PLATO]

if the btc price drops maybe now the altcoin price will also experience a big drop. now we see if the effect of btc on altcoin and the crypto market is very large, it will be easy to shake crypto by simply dropping the price of btc

BTC is a coin that can control the entire market and this is the only coin with the most stable growth during the last 7 months but this does not help altcoin increase this year because most of it Altcoin is still in a correction phase. I believe this year will still be a bad year for all investors so consider safe options because we can't be sure what will happen next.

[campusnet]

I think the price of bitcoin will still have the potential to reduce prices but the price of bitcoin will not go down at a very cheap price, because now there is a very good moment to make the price of bitcoin expensive.

precisely now what we see is a moment of improvement that occurs in bitcoin and some other altcoin assets.
bitcoin decline will definitely happen, and we've seen it happen several times this year. a severe decline occurred 2018 and that is a poor crypto market condition. I don't expect that to happen again, but if it happens I already know what I have to do.

[suzanne5223]

I think the price of bitcoin will still have the potential to reduce prices but the price of bitcoin will not go down at a very cheap price, because now there is a very good moment to make the price of bitcoin expensive.

precisely now what we see is a moment of improvement that occurs in bitcoin and some other altcoin assets.
bitcoin decline will definitely happen, and we've seen it happen several times this year. a severe decline occurred 2018 and that is a poor crypto market condition. I don't expect that to happen again, but if it happens I already know what I have to do.

History usually repeats itself as the crypto market is considered and this the part why I love technical analysis. Speaking of 2018 market, if you ask all experienced crypto traders/investors they will tell you that such occasion ought to be expected and will also occur after the next year market cause this how the crypto market works i.e Bitcoin halving (all the market will reach a new ATH), then market correction and after correction the market gain it strength back while experience slightly increase in price with dump sometime.

[pakdemaco11]

if it happens like that then altcoin will make all time low. bitcoin is the king of crypto so altcoin also follows the movements of bitcoin. bitcoin up altcoin cras, bitcoin down altcoin crash. altsesoan is when bitcoin prices are stable

[acoco]

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

I think they will also fall, but half as much, but they will fall one hundred percent, right now they fall in any cases

[old fart]

Btc keeps being the deciding factor in the market, more drop from btc at the moment will result to capitulation of most altcoin, especially those not paired to fiat in big volume exchanges.

[SquallLeonhart]

I think the price of bitcoin will still have the potential to reduce prices but the price of bitcoin will not go down at a very cheap price, because now there is a very good moment to make the price of bitcoin expensive.

precisely now what we see is a moment of improvement that occurs in bitcoin and some other altcoin assets.
bitcoin decline will definitely happen, and we've seen it happen several times this year. a severe decline occurred 2018 and that is a poor crypto market condition. I don't expect that to happen again, but if it happens I already know what I have to do.

Like you stated, there will always be decline in the value of bitcoin, and this decline state is when many people do make more profit, what most traders usually look at for when it comes to the best time to buy bitcoin is when it is in correction phase, during the time bitcoin declines, many trader accumulate as much as they can according to their capacity and then wait for the price to surge again for them to make profit.

For the biggest decline, I think that would always occur to, just that it usually a season thing, I mean when bitcoin reaches its all-time high, people would definitely start dumping their coin, and this event is what pushes the market to enter the bear market state where we will have to all start all over again like it happened in that 2018, I still expect that to happen after the bull run.

[omone1]

It's a normal phenomenon. For BTC to drop to this, a lot of money must have equally be withdrawn from the market, meaning altcoins will suffer too. We may eventually see a return of a coordinated pump and dump altcoin just to qucickly take profit and punish late comers. This whole market revolves round the bitcoin. A mate said I am okay with BTC aand ETH. Lols

[akram143]

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

the investors is the reason for everything if the Bitcoin drops then no I will not interested about the investment and any other currencies so it causes everything to be drop this is the only thing happening every time while the Bitcoin is dropping

[Reid]

Why does it have to rely with the bitcoin price?
I mean, they have their own market right? The management of the coin should be the one in charge on how the price of that certain altcoin will go up.
One good way is advertising it.
Bitcoin doesnt need it because it is popular by now. But alts wont have any buyers if not showcased to the public.
There is already USDT now where bitcoin can be traded to unlike before.

Better contact the management of the coin you are holding if they have any steps on what will happen to their market.

[Kocret02]

if btc drops it will be very easy we see if other crypto prices will experience a drastic decline, so I think when btc prices go down it can be a moment for traders and investors to buy at low prices and wait to get to the best position when prices are high

[xenomorphe1]

Did you read this article? If this is true, it could be the end of cryptocurrencies in 2020 if Craig Wright can claim his 1 million Bitcoin. It could be funny to see what is going to happen if he is the real Satoshi.
https://www.ccn.com/opinion/bitcoin-ponzi-scheme-craig-wright/2019/08/02/?utm_source=vuukle&utm_medium=talk_of_town

[CLywaTeLb]

It seems like some kind of black PR. A million BTC are great opportunities for market management. It is impossible to sell part of this even for taxes, as market liquidity does not allow this. To sell at maximum profit, he will have to create a long downtrend. But he will not be able to kill the whole market and all altcoins.

[Leo]

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

it's not a rocket science,  we all know that if bitcoin pump altcoins dumps, bitcoin dumps altcoins dump also,  only when it's stabilized,  so most of altcoins will also  dump as the king dumped too

[jeraldskie11]

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

I think they will also fall, but half as much, but they will fall one hundred percent, right now they fall in any cases

Well, you have a point that if the Btc drops, the alts also will drop because we can see it the chart of cryptocurrencies. But it doesn't mean all the alts will drop if so. The reason why some alts drops when btc drops is when the rich people who holds a lot of btc and alts sold them, that is only my opinion, because it compose by a marketcap which is involved money.