if btc drops...

[Jpt]

Judging the current market situation, I can say that all altcoins will follow suit if btc drops in price. Traders and investors start selling off their altcoins once btc falls making the market of altcoins more vulnerable. It is because BTC has more dominance of the crypto market.

[Sendi blackspade team]

Judging the current market situation, I can say that all altcoins will follow suit if btc drops in price. Traders and investors start selling off their altcoins once btc falls making the market of altcoins more vulnerable. It is because BTC has more dominance of the crypto market.

That is very true. market demand is still very low, with trade not increasing this will be bad if there is a decline in the price of bitcoin. all coins may experience a large decrease, and it will be very difficult to grow them again. because actually there are still many altcoins that haven't risen from the decline that occurred since 2018.

[andreibi]

The truth of the matter is: When Bitcoin pumps hard or crashes harder, all altcoins suffer. The best time for altcoin markets to grow is a stable priced Bitcoin.

Why? A hard pump will lure traders to trade Bitcoin because it is most liquid and you can easily enter the market even with 100BTC up. A BTC crash could mean money is flowing out of crypto entirely which means money out of alts.

[hahay]

When the price of bitcoin goes up, altcoins still suffer, so it's clear when btc drops, of course altcoins will suffer more. But even so altcoins will still recover when the season has arrived because it is not always the bear market continues, there are still times that will make the market bullish because of a positive trend that will occur.

[DonFacundo]

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

then the altcoins will drop as well.. we have seen before that when bitcoin goes up or down then the altcoins will follow. I guess the altcoin investors relies bitcoin movement.

[leea-1334]

When the price of bitcoin goes up, altcoins still suffer, so it's clear when btc drops, of course altcoins will suffer more. But even so altcoins will still recover when the season has arrived because it is not always the bear market continues, there are still times that will make the market bullish because of a positive trend that will occur.

It has happened in the opposite direction before though, especially in 2017 I remember several times when BTC dropped in price and altcoins just loved it. This also affected dominance (by market cap),,, and at one point people talked about stuff like Flippening.

Will this scenario happen again? I do not think so, but I never say never;)

[lienfaye]

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

then the altcoins will drop as well.. we have seen before that when bitcoin goes up or down then the altcoins will follow. I guess the altcoin investors relies bitcoin movement.

Well yes altcoins will follow bitcoin once it drops but not to the point it will also recover if btc bounce back.

As we can see the progress of btc from early of this year are quite good but alts remain at the bottom especially those altcoins that are not popular.

[Dewi Aries]

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

then the altcoins will drop as well.. we have seen before that when bitcoin goes up or down then the altcoins will follow. I guess the altcoin investors relies bitcoin movement.

Well yes altcoins will follow bitcoin once it drops but not to the point it will also recover if btc bounce back.

As we can see the progress of btc from early of this year are quite good but alts remain at the bottom especially those altcoins that are not popular.

Nowadays a lot of altcoins or maybe we can called tokens not really good in market. Maybe because there are much kind of it and investors which start to be on bad phase. A lot of project fail make investor lose their money and we know if this thing keep happened, there are no investors left and tokens will not worth anymore. But maybe in other side, trader of altcoin, especially old altcoins can fill market with high volume trading like in past.

[ATSgrowth]

There are 2 possible scenarios:
1. finally this will start the altseason because capital from BTC will move to altcoins
2. the trend will continue and people will sell their altcoins in panic 

[sana54210]

There are 2 possible scenarios:
1. finally this will start the altseason because capital from BTC will move to altcoins
2. the trend will continue and people will sell their altcoins in panic 

You wish, if you see people moving money out of bitcoin, it is because they are moving it out to bitcoin to convert to fiat for them to spend, so I don’t know what gave you the impression that they are moving it into altcoins.

They all have their different use case and most people you see today already have enough investment in altcoins and bitcoin, if bitcoin is removed, it is because their investment in it has already grown, and they would wait for altcoin too to grow rather than putting money back into it, and the only thing that can make altcoin to grow is its use case, then they can have people that will consider putting money into their market. If bitcoin drops, people would only buy more of it for its cheaper price.

[Leo]

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

such questions needs not to be asked again,  if only you are new to the crypto world that you might not know,  it's so obvious that whenever bitcoin dumps altcoins will follow suite in dumping too, 

Likewise when bitcoin pump altcoins will definitely dump,  it's just when it's stabilized before altcoins can pump

[Tobikov]

such questions needs not to be asked again,  if only you are new to the crypto world that you might not know,  it's so obvious that whenever bitcoin dumps altcoins will follow suite in dumping too,  

Likewise when bitcoin pump altcoins will definitely dump,  it's just when it's stabilized before altcoins can pump

quite right, this pattern occurs again and again, it was possible in principle to get used to it, and even if you are a beginner then notice it yourself. This is an established market template. If Bitcoin now drops to 7-8k it's not so scary. Now, if it falls to 2k, then we will see such a big ass that the light will not be visible.

[bigjuk]

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

if bitcoin goes down i will buy bitcoin and i will hold it until bitcoin has a value of 25 thousand dollars .but at the moment bitcoin has a pretty good rise graph even altcoin is also following the bitcoin price movements,bitcoin and altcoin will continue to move up at the end of this year.

[_ZeD_]

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

if bitcoin goes down i will buy bitcoin and i will hold it until bitcoin has a value of 25 thousand dollars .but at the moment bitcoin has a pretty good rise graph even altcoin is also following the bitcoin price movements,bitcoin and altcoin will continue to move up at the end of this year.

If you sell it for 25k, how will you feel if bitcoin grows to 100k???
But on the whole I agree. If you do not worry about the lost profits, then any profit is good.

[Om.monata]

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

if bitcoin goes down i will buy bitcoin and i will hold it until bitcoin has a value of 25 thousand dollars .but at the moment bitcoin has a pretty good rise graph even altcoin is also following the bitcoin price movements,bitcoin and altcoin will continue to move up at the end of this year.

If you sell it for 25k, how will you feel if bitcoin grows to 100k???
But on the whole I agree. If you do not worry about the lost profits, then any profit is good.

That's how the market situation is going we don't know when are going to get panic, but definitely everyone here experiences what you mentioned above. That's why it is always good not to sell all the coins at one price when the market is in an upward trend.

may have to set aside several types of coins so that when experiencing an increase can be covered and still get a profit. so I think maybe now it should be smarter and selective about a coin owned.

[calandra78]

may have to set aside several types of coins so that when experiencing an increase can be covered and still get a profit. so I think maybe now it should be smarter and selective about a coin owned.

when you see bitcoin go down can you see altcoin go up? I'm sure that will also pull Altcoin down. if this decline continues it will be bad in the situation of altcoin and trading. some investors will wait for the best situation to buy, but it will move very slowly. we experience it 2018 even now.

[mulia sabee]

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

if Bitcoin goes down then the Altcoin price is likely to go down ... but not all altcoins will follow in the footsteps of bitcoin which must go down in price ... because the cryptocurency is very uncertain ... everything depends on volume and demand ... but for now I'm still sure that the price of bitcoin will continue to increase

[nira09]

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

if Bitcoin goes down then the Altcoin price is likely to go down ... but not all altcoins will follow in the footsteps of bitcoin which must go down in price ... because the cryptocurency is very uncertain ... everything depends on volume and demand ... but for now I'm still sure that the price of bitcoin will continue to increase

yes, but today Bitcoin is falling again at 8.6K and Altcoin is falling deeper, the market is really uncertain, after Bakkt started to run and the market is positive but BTC prices are coming down again.

[Argoo]

Currently BTC is up to 10k threshold, altcoin has paid on BTC is decreasing very strong. If BTC continues to dump so hard, altcoin will be even more catastrophic

Today, bitcoin has fallen in price to $ 8,649 and ethereum has also fallen after it to $ 172. Before that, ethereum was growing well in price, despite the fact that Bitcoin stood still. It seemed that this coin was getting out of the price dominance of bitcoin. However, bitcoin collapsed today and ethereum followed. It's sad of course. I would like to see this coin free from the price dominance of bitcoin. I hope this fall will not be too long, the fourth quarter is usually accompanied by the growth of our cryptocurrency.

[miningguru]

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

if Bitcoin goes down then the Altcoin price is likely to go down ... but not all altcoins will follow in the footsteps of bitcoin which must go down in price ... because the cryptocurency is very uncertain ... everything depends on volume and demand ... but for now I'm still sure that the price of bitcoin will continue to increase

yes, but today Bitcoin is falling again at 8.6K and Altcoin is falling deeper, the market is really uncertain, after Bakkt started to run and the market is positive but BTC prices are coming down again.

Don't worry, everything will become normal in the coming days, at the CBOE future launching the price of Bitcoin dropped at the same level. Soon we might see the price of Bitcoin will recover, but one major thing is attacking is affecting even the price of Bitcoin increase/decreases.