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

[tabas]

Altcoin will crash and Holders have more time to hold.

Nowdays many token based ETH the price down almost 90% or more from ICO price, and if this is happen maybe many of them will gone from crypto market.

There's no more hope with those ERC20 tokens. Some are still alive and kicking but many of them have been eliminated to the market. They have still some market cap but their total volume is completely out of this world and what I mean with that is a dead volume.
ETH is down but I still see it as a remaining coin that can survive from this assumed another bear market that we have right now.

[elisabetheva]

In my opinion altcoins would also crash because most traders will likely go for stable coins or would gamble and use the leverage trading.

Agree with your opinion, let alone until it drops to that price. when bitcoin falls below just $ 10K, it has a lot of influence on other altcoins. It is undeniable that altcoin is still affected by the movement of bitcoin, only a few altcoins and relatively small that is not affected by bitcoin.

[suzanne5223]

My opinion is that if Bitcoin falls to the level of $5000, then all highly capitalized altcoins will also follow it. They tend to always go for Bitcoin. Only in rare exceptions, on the eve of any important update of the project, the coin can grow in price in spite of Bitcoin.

Despite the fact that altcoin market follow the price of bitcoin market when the halving is coming but you're wrong buddy because not all altcoin will follow the price of bitcoin if it crashes to the mentioned price range for the stable altcoin will gain some slightly surge in price for it will be the next saviour for people in the market.

[riso2015]

In my opinion altcoins would also crash because most traders will likely go for stable coins or would gamble and use the leverage trading.

But I predict the price of Altcoin will rise again because the dominance of Bitcoin over the market price has decreased so create an opportunity for Altcoin. Unfortunately currently the dominance of Bitcoin still persists and the price of Altcoin is also still weak.

[uray]

Altcoin will crash and Holders have more time to hold.

That is a sweet word for bag holders  .

Nowdays many token based ETH the price down almost 90% or more from ICO price, and if this is happen maybe many of them will gone from crypto market.

All the ICO market crashed and all the people behind those projects made a ton of money and left the scene, these were basically scams in broad light and there is no one to question any of these actions and hence the governments around the world is trying hard to control the market.

@OP if the bitcoin market crashes then all the entire altcoin market crashes alongside.

[Pearls Before Swine]

No, altcoins won't be able to recover independently of bitcoin if bitcoin were to crash to $5000 (or even lower).  They're all priced in bitcoin, so they're going to follow whatever it does.  I also have the feeling that if bitcoin crashes, altcoins will be hit even harder because people will start to lose confidence in them and will likely sell in a panic.  It's happened before and can happen again.

All of that aside, I don't think bitcoin is headed much lower, tho obviously I cannot say this with certainty.  It seems to be holding up pretty well right now and is just trading in a narrow range.  Eventually when it forms a trend I think it'll go higher rather than lower...but we'll see about that.  It could be months before that happens.

[Darooghe]

Bitcoin is the face of cryptocurrency. It is king and all altcoins without fiat pairings are paired to BTC. When BTC is bearish, it most likely means the entire Cryptocurrency market is bearish. Bitcoin has the best risk adjusted return and is the safe haven in the event of the crash - people are sure it will be a coin that will survive and so many convert their alts to minimize their risk exposure. Many traders may cash out to fiat too, causing them to panic sell alts to BTC and then cashing out, causing a bigger slump in altcoins/BTC prices.

On the other hand when BTC is very bullish, traders see no need to buy alts because by buying alts with BTC you are by default shorting BTC, greatly increasing your chance of loss. They see no need to risk altcoins just for slightly better returns.

[Omega Weapon]

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.

Fortunately for us bitcoin will never go below 1000, those days are gone, but supposing it happened then I find unlikely that another coin will take over the market, after all most coins are using a similar technology than the one bitcoin is using, why bitcoin will go down that much and another coin that is similar will take control of the market, besides while ethereum is a good project it does not have a limit in the amount of coins and it cannot be a store of value like bitcoin.

[cryptoknightt]

if this nightmare happens then it is definitely the price condition of all cryptocurrency including altcoin prices will fall because there will be many traders who try to save their assets quickly and I really hope this nightmare does not happen for the good of the traders.

[arifteguhr]

if this nightmare happens then it is definitely the price condition of all cryptocurrency including altcoin prices will fall because there will be many traders who try to save their assets quickly and I really hope this nightmare does not happen for the good of the traders.

The decline that occurred certainly had a negative impact on the cryptocurrency market. like in the end of 2018 at which time the price experienced a decline that was deep enough so that people could indeed take the momentum to invest in the cryptocurrency market

[Btc_1856]

if this nightmare happens then it is definitely the price condition of all cryptocurrency including altcoin prices will fall because there will be many traders who try to save their assets quickly and I really hope this nightmare does not happen for the good of the traders.

The decline that occurred certainly had a negative impact on the cryptocurrency market. like in the end of 2018 at which time the price experienced a decline that was deep enough so that people could indeed take the momentum to invest in the cryptocurrency market

Yes, we are facing this situation in the market whenever the price of Bitcoin is fluctuating, if Bitcoin reaches to the value of 5000$ then we might see the altcoin downturn compared to 2018. Since 2018 we are seeing a complete downtrend with the altcoin and the same thing will repeat.

[novaprime]

if this nightmare happens then it is definitely the price condition of all cryptocurrency including altcoin prices will fall because there will be many traders who try to save their assets quickly and I really hope this nightmare does not happen for the good of the traders.

If Bitcoin returns to the $5,000 price , this market will be in big trouble and thousands of other altcoins will be affected when this happens. We saw this in 2018 and during that time all investors were silent and didn't know what to do next. I personally don't want that to happen because I am holding a lot of big coins in this market and all my assets are in those coins.

[shadowdio]

For sure the altcoins will crash for more if bitcoin crashes back to $5000, you know altcoins will follow if the bitcoin goes down or goes up. And I agree some alts may recover, but most of the alts will go down.

[Shasha80]

I hope bitcoin will not go down until the price of $ 5,000, this can really make altcoins more destroyed. But after I analyze it is unlikely
that bitcoin will drop to $ 5,000. Because the price of support is strong at $ 7,700, The biggest possibility will even rise this week will
penetrate the resistance price at $ 8600, if it breaks to the next resistant price at $ 9200.If it gets right down to $ 5000 the price of altcoins
will be destroyed, but for altcoins that are popular and have a lot of volume will be easy to recover. So in this bad market only investments
in BTC and altcoins are popular.

[MMA Rats]

If it is true the price has decreased to $ 5,000 in my opinion the price of bitcoin will be able to provide a big enough effect for the altcoin market because the dominance of the price of bitcoin makes the altcoin market also affected. so you have to be careful when the price of bitcoin goes down considerably

I think that if the Bitcoin price drops to $5,000, then alts are likely to start falling too, as people are unlikely to start selling Bitcoin and investing in alts

[micalith]

If bitcoin crashes to 5k$, we may have serious issues. The trend is important, we are having bear markets bull markets but we are mostly going up with bitcoin. If we drop to 5k, alts will suffer a lot. Bitcoin will suffer a lot. This will be a new era for bitcoin and altcoins. I hope we keep going up.

[gandame]

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 think its not all altcoins will crash if bitcoin goes down on $5000 maybe some will goes down too but some will gonna be rise.
Because in my experience i saw some altcoins goes up when the bitcoin down and some goes down when bitcoin goes up.
So it depend to the investor.

[Bagaji]

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?

Bitcoin happen to be the crypto currency market mover and if you have that believe then one can say it is only on a  very few occasion that some altcoins will be moving in different direction as against bitcoin. Bitcoin market value decline do lead the decline in the market value of altcoins doesn't necessarily mean altcoins will not recover after the downward trend.

[Bitcoinjheta]

It happened that before when bitcoin crashes down to $5000 way back 2018. As all altcoins were bleeding and others become undervalued coin turning into a shitcoin. So if you wanna have plan to invest in coin better to choose one of the top 10 in coin market list.

[biddicoin]

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 think its not all altcoins will crash if bitcoin goes down on $5000 maybe some will goes down too but some will gonna be rise.
Because in my experience i saw some altcoins goes up when the bitcoin down and some goes down when bitcoin goes up.
So it depend to the investor.

even some coins are still growing when bitcoin goes down, but, we must look at majority
altcoins is contrary with bitcoin price now. so altcoin will be dump as f*ck if bitcoin back to 5000$

I myself predict that bitcoin wont touch 5000$ again, even it would be dump, it has strong support in 7000$ and 6000$