What will happen to alts if Bitcoin crashes back to $5000?

[lab rat hoax]

I don't think many alts would recover against Bitcoin if this happens and so they will crash even more. Some solid alts with good liquidity like Litecoin may recover but most won't recover in my opinion. Thoughts?

I do not agree that it will fall below 5800 but i think that bitcoin is really but unfortunately for bitcoin, the bear season continues as long as bitcoin is under $9000. Yet I don't think these bad days will last too long. I'm expecting huge rises in bitcoin towards the end of the year but first bitcoin should fall a little more and relax. We can see a short alt season

[Oceat]

You are right. If another bear market comes and Bitcoin crash down to 5K USD, Many altcoins will be dead this time. Bitcoin is dominating the crypto market by over 68 %, altcoins are suffering a lot, and at the same time if the crypto market crash, lots of potential coins won't recover again ever! I hope Bitcoin will hold the price up this time, no one wants to see another bull run!

$5,000 is a bit higher in my opinion than the bottom price this year which is $3,500. But I don't see any possible reason for another crash to happen yet, unless if there is something that would trigger the bear that would create a lot of FUD/FOMO. As of now the price is quite stable at $8,000 and no one actually knows what would be the movement of the market.

Just get ready yourself for the possibility of either bull run or bearish.

[Lhaine]

I don't think many alts would recover against Bitcoin if this happens and so they will crash even more. Some solid alts with good liquidity like Litecoin may recover but most won't recover in my opinion. Thoughts?

I do not agree that it will fall below 5800 but i think that bitcoin is really but unfortunately for bitcoin, the bear season continues as long as bitcoin is under $9000. Yet I don't think these bad days will last too long. I'm expecting huge rises in bitcoin towards the end of the year but first bitcoin should fall a little more and relax. We can see a short alt season

there might be a good news will come before this year ends. and more people will talk about bitcoin halving that will happen next year this news will push the price up .

[don.key]

I don't think many alts would recover against Bitcoin if this happens and so they will crash even more. Some solid alts with good liquidity like Litecoin may recover but most won't recover in my opinion. Thoughts?

BTC was @ 3.3k in February of this year and ETH / LTC did just fine.

Anyone who thinks BTC drop below 5k is impossible is naive, everything is possible when big boys play with you. Crypto market the way it is today is one big casino, another serious dump (and following pump) is not simply possible, it is very probable.

But just as casinos go: No one wants them to collapse entirely, where else would fool and his money be parted? This will continue as long as there are people who are so blinded that they are selling their cars and houses to gamble with crypto. Of course I am also one of those small fools as well, but at least I learned my (painful) lessons on stock / forex market long time ago and never gamble with my already existing savings or assets, only with small part of my actual income. I can hold it forever and if it goes down the drain, well, bad luck.

Don

[EscrowService28]

I don't think many alts would recover against Bitcoin if this happens and so they will crash even more. Some solid alts with good liquidity like Litecoin may recover but most won't recover in my opinion. Thoughts?

ALTcoins will definitely follow the trend of BITCOIN, but most of them will have a hard time to recover. BTC is trying to recover and regain everything, i just hope that all those altcoins worthy and have a very good campaign will have a chance to recover.

[TWW]

I don't think many alts would recover against Bitcoin if this happens and so they will crash even more. Some solid alts with good liquidity like Litecoin may recover but most won't recover in my opinion. Thoughts?

ALTcoins will definitely follow the trend of BITCOIN, but most of them will have a hard time to recover. BTC is trying to recover and regain everything, i just hope that all those altcoins worthy and have a very good campaign will have a chance to recover.

not all altcoin buddy, but indeed most of the effects of the price of bitcoin affect the price of altcoin. if what happens is a decrease in bitcoin which is very far below, then there may be very many people who leave this market. either save their capital or withdraw their capital. because when the investment market goes down and demand decreases in investors' eyes it will be very bad for investment.

[surgical_duude]

It is difficult to predict the future.  But what you say is really far away, maybe the altcoins will be wiped out of the market.  It is too difficult for altcoins to grow when BTC is constrained.  I hope that the top altcoins will have new strategies to avoid unfortunate situations.

[Febo]

You are right. If another bear market comes and Bitcoin crash down to 5K USD, Many altcoins will be dead this time. Bitcoin is dominating the crypto market by over 68 %, altcoins are suffering a lot, and at the same time if the crypto market crash, lots of potential coins won't recover again ever! I hope Bitcoin will hold the price up this time, no one wants to see another bull run!

Coins or mainly tokens die when they have no use case. When Bitcoin price decrease, then coins prices decrease in same ratio. That is all. None of them die because of Bitcoin losing value.   There is plenty bitcoin clones that were made for fun and also died fast because had no use case. There are plenty tokens that were actually a security and were used for crowdfunding a project that or did not delivered or their delivery was poor and so those tokens are worth nothing today.

[Omega Weapon]

You are right. If another bear market comes and Bitcoin crash down to 5K USD, Many altcoins will be dead this time. Bitcoin is dominating the crypto market by over 68 %, altcoins are suffering a lot, and at the same time if the crypto market crash, lots of potential coins won't recover again ever! I hope Bitcoin will hold the price up this time, no one wants to see another bull run!

The reason most coins will be dead will not necessarily be because of a bear market it will be because most coins do not have reason to exist at all, many coins are scams or at best projects with no leadership that have no way to make true their promises to their investors, after years of this happening in the market traders are realizing this is never going to stop and instead of being supportive of new projects as they were in the past they will only support bitcoin from now on.

[coinfinger]

If that should happened, it will be so disastrous and it will affect all other altcoin, whereby making many altcoin to disappear and  lose it's value and potential totally. If bitcoin should crash it won't exceed below $8k which will not happen

Lol, I think it will get to a point where altcoins will drop to and will never go lower than that again, just like we have some altcoins presently, even when bitcoin is down, they are at the deepest bottomed, so till altcoin bull run starts before they can start picking again.

If bitcoin drops so low to that $5000, it may affect some altcoins, but it will be temporary because the value will cause fomo as many people who had been looking for opportunity to buy cheaper will start rushing it at that price, which will definitely make the market to spike beyond the previous price, and that will still have positive effect on altcoins too because as bitcoin increases, altcoins will also increase along with bitcoin too, so the crash may still be of favor to so many altcoins.

[ongkok87]

More and more altcoin will experience a substantial price decline if indeed the price will decline to reach that point. people should be able to keep the price of bitcoin back up for the growth of altcoin that many people really want. my belief that later prices will rise is still quite large,but if the price of bitcoin drops to that point, I'm sure altcoin, which in terms of their fundamentals are not so strong, will drop dramatically in price

[Skyshark]

Who knows? But if it does happens, there will always be the probability that people may start to turn their interests on Altcoins with unique features and more use cases and start increasing on their holdings - giving a much needed push to its value in the end.
Or it can also be with Bitcoin crashing down, most Altcoins may follow suit and fall straight down the bin.
Either way, anything is possible. We just can never tell.

[kidbounty]

firstly it is difficult for bitcoin to return to $ 5000, because as far as I can see at this point the support point for bitcoin is at the level of $ 7000. so if bitcoin falls to $ 5,000 again, there will be a big fall for altcoin. maybe all altcoin will be affected by the decline in bitcoin this time. and the most severe impact is that many altcoins will lose trading volume and will be very difficult to return.

[BitcoinPanther]

Well if Bitcoin crash to $5000, then the value of altcoin in Bitcoin will increase considering that the value of altcoin in USD does not change but it is impossible for altcoin not to crash if Bitcoin price crashed.  See what happen in the year 2018 when Bitcoin price plummet, the price of altcoin suffers too and worst it had not recover until today.

[TelolettOm]

Well if Bitcoin crash to $5000, then the value of altcoin in Bitcoin will increase considering that the value of altcoin in USD does not change but it is impossible for altcoin not to crash if Bitcoin price crashed.  See what happen in the year 2018 when Bitcoin price plummet, the price of altcoin suffers too and worst it had not recover until today.

I think if the decline of bitcoin is deep enough then altcoin itself will also experience a significant decline as well. maybe when the downtrend is over, there will be an increase in altcoin. because the decline of bitcoin that is fast enough can also make the price a big decline

[zeze18]

It is difficult to predict the future.  But what you say is really far away, maybe the altcoins will be wiped out of the market.  It is too difficult for altcoins to grow when BTC is constrained.  I hope that the top altcoins will have new strategies to avoid unfortunate situations.

Wiped out is really impossibble due to the marketcap of altcoins is mroe than a half of bitcoins.
It might be a chance for altcoins to replace bitcoin as a top of cryptocurrency if bitcoins falldown

[adroitful_one]

I think if it only goes back to $5,000 then more than likely the only thing that will happen is money will come out of the alt coin market cap as well and the price would lower on all of them at the same time. However, if it crashed to below $1,000 again, I think we would probably have a problem. It would be a good opportunity for another coin to come and claim the top spot. More than likely Ethereum would take over as king.

[Google+]

if the price of bitcoin falls again to that extent it will make the price condition in the market fall and surely the cryptocurrency economic condition will heat up, but I am sure when prices fall like that there will be some people who are happy because they can buy bitcoin at cheap prices and take advantage of many panicked trader.

[DarkIT]

if the price of bitcoin falls again to that extent it will make the price condition in the market fall and surely the cryptocurrency economic condition will heat up, but I am sure when prices fall like that there will be some people who are happy because they can buy bitcoin at cheap prices and take advantage of many panicked trader.

Well, because of the panic, I think the price of altcoin will also go down as bitcoin prices go down. I think that altcoin dependence on bitcoin is really quite large at the moment. in fact, the effect of bitcoin when the price drops $ 500 to $ 1000, it makes the altcoin price quite badly dump. However, in this case, there may be some people who use it to get a much cheaper price.

[coinfinger]

The bulls never announce when they will enter the market, let the bears keep having fun, it is their time now, and with this fun they are having, they are only giving us the chance to keep accumulating more coin's of those projects that are recognized as tops in the market, when the bull is ready to enter the market, it would come without announcing.

We can see sample of such case in April this year when the price of bitcoin suddenly started rising unexpectedly and nobody really knows exactly where it came from or how it happened, but the bull eventually succeeded in pushing the price up from where it was during that time till what it is now and I think at this level of bitcoin, the price is still fair. Barriers will definitely be broken In near future which I believe maybe very soon.