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Author Topic: Can Altcoins do it alone ?  (Read 2376 times)
Wysi (OP)
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December 02, 2019, 08:32:37 AM
 #1

We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?

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December 02, 2019, 08:47:16 AM
 #2

We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?

I don't think that altcoin can stand alone, because altcoin itself was born because of the presence of Bitcoin.
 
Altcoin need Bitcoin in price comparison means what happens to the altcoin market will depend entirely on Bitcoin

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December 02, 2019, 10:40:11 AM
 #3

We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?
I think it is impossible and very difficult, we know that some Altcoin that have a pair on BTC will certainly follow the price of the BTC, but if Altcoin you think can be more independent, make sure Altcoin does not use a BTC pair and only focus on the stablecoin pair usdt and others I think it might be possible, there are some maybe Altcoin rose dramatically without looking at bitcoin prices usually because the pump group was partying there

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December 02, 2019, 11:11:08 AM
 #4

That's difficult with the current condition of the market where all trading pairs are on Bitcoin, and Ethereum, all coins depends so much on the price of Bitcoin and will always stay this way, so my answer is no for now, maybe in the future alcoins can come up with a solution where the price of all altcoins will not depend on Bitcoin alone.
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December 02, 2019, 11:45:01 AM
 #5

As of today, Bitcoin dominance is 66% [urlhttps://coinmarketcap.com/]Source: CoinMarketCap[/url]. When Bitcoin go up, altcoins also enjoy the party. We haven't seen any notable rally in which bitcoin was not involved and was solely done by altcoins. I dont think altcoins right now have the strength to move alone, BTC movement is mandatory.

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December 02, 2019, 12:10:27 PM
 #6

Sometime there are altcoins also going to pump and not dependent from bitcoin to increase the price. I saw some altcoins going crazy to go up the price and even do bitcoin are in dump situation. Not a first time I saw some altcoins like that maybe too many since the bitcoin drop the price to $4,000. But for now I dont think so if have that kind altcoins because most altcoins are now are to long pump the price.

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December 02, 2019, 12:15:17 PM
 #7

BTC continues to be a main entry point to crypto and I think it would continue to be the main player in this niche market due to the fact that it still continues to receive the most community support, for good reason. BTC's network is the most immutable, and in such can support the main and most important features of cryptocurrency stronger than any other altcoin.

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December 02, 2019, 01:23:05 PM
 #8

We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin?
There is no timeframe for that observation. Altcoins will always be dependent on bitcoin and sometimes they are not. It's been seen and told that altcoins pump are depending on bitcoin and when we see them fall, bitcoin goes up. Sometimes they are together and connected to each other, it's not that easy to understand but you can have that idea easily on why they are connected.

Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin?
It happened also that few altcoins pumped themselves alone because of their own whales.

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December 02, 2019, 01:27:30 PM
 #9

We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?

Ofcourse it can. More over altcoins with low volume which like under 1 mil a day, there often this kind of altcoins experienced a big pump like more than 30% in a day. But it's seldom to happen in top alts with decent big volume because the whales are not able to pump it
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December 02, 2019, 02:21:44 PM
 #10

We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?

Ofcourse it can. More over altcoins with low volume which like under 1 mil a day, there often this kind of altcoins experienced a big pump like more than 30% in a day. But it's seldom to happen in top alts with decent big volume because the whales are not able to pump it
here we are talking about the growth of the altcoin, that was pump and dump.
cryptocurrency is not legal yet and in our current speculative market, everything is about bitcoin. if bitcoin gets better, people speculate things will turn to better too because there is demand, on the other hand, if bitcoin gets dumped everybody will think the same to the altcoin because the price is set based on bitcoin performance not because of the use-case of the altcoin.

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December 02, 2019, 02:30:13 PM
 #11

As of today, Bitcoin dominance is 66% [urlhttps://coinmarketcap.com/]Source: CoinMarketCap[/url]. When Bitcoin go up, altcoins also enjoy the party. We haven't seen any notable rally in which bitcoin was not involved and was solely done by altcoins. I dont think altcoins right now have the strength to move alone, BTC movement is mandatory.
There are altcoins that can still arise when BTC dump due to their updates and development done, but when BTC pump they tend to pump too as mostly all alts depends on BTC. But those projects that are considered shitcoin might not be able to join in the party. It will depends on what alt if it can move on it's own but in general they all depend in BTC movement.

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December 02, 2019, 02:32:05 PM
 #12

We can see that Altcoins with Blockchain the same as Bitcoin still needs the support of Bitcoin however in my opinion, Stable coins can survive without Bitcoin because it has a different Blockchain and it is supported by fiat currency, If you are looking for Altcoins that can make it alone then try Holding Stable coins like XRP, Tether, etc...

But I still prefer Bitcoin and other decentralized Altcoin, even though the movement in a bearish state I am sure on the future movement of Bitcoin that it will continue to surge up and surge up to the moon.
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December 02, 2019, 04:14:30 PM
 #13

if altcoin stops dependency on btc pairs, it certainly can. The problem is that crypto is comfortable trading in harsh price fluctuations, if altcoin only goes with pair trading of something that is stable in the short term, it will not appeal to traders, they will only be like other stable coins used specifically to maintain value.
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December 02, 2019, 04:37:14 PM
 #14

We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?
I also often pay attention to this. basically the increase in altcoin is sometimes related to the increase in the price of bitcoin. but it happened to an altcoin as a whole. when talking about specific altcoins, of course certain altcoins can pump based on their respective developments. for example, ethereum, if there is a development on ethereum, the price will most likely go up, but not involve other altcoins. but, if this is overall, I think altcoin depends on bitcoin.

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December 02, 2019, 05:22:36 PM
 #15

Yes altcoins can grow if on future most of altcoins will trade with pair USDT or USDC or any stable coins and also if they have enough trade volume and if they are bought by a lot of people and not selled.

Numerous coins were already paired to USD and stablecoins, though they are bought by traders in USD the coins are still dependent to the price of BTC. We may not be seeing a coin like that as long as BTC functions as a base currency for altcoins. But we are seeing ETH to be like a stand alone on the DEX where its the top token for all. ETH is always paired to the ERC tokens which these ERCtokens are depended to ETH's price.

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December 02, 2019, 06:14:51 PM
 #16

Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?
If you are in this market for a long time you will not have a dream like this, the alt coin had its run in the past especially the top coins and the rally made everyone rich who invested in it well before 2016 and now if you expect that the altcoin will have a separate rally then you will be hallucination Tongue.
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December 02, 2019, 06:15:13 PM
 #17

We have often witnessed that the growth of altcoin is associated with the growth of bitcoin as whenever there is a pump in the value of bitcoin we have witnessed green days for altcoins too but how long will altcoins be dependent on bitcoin? Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin? What will it take for altcoin to prosper without bitcoin's involvement?

Just look at BTC dominance and its relation to altcoins. Dominance is far too high for altcoins to do something, even if BTC drops in price, altcoins are losing twice as much as BTC does. We need another bull trend to fix things.
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December 02, 2019, 06:52:26 PM
 #18

I'm pretty sure the crypto space can without Bitcoin, but it will probably take years to recover. Altcoins have proven to be impossible to exterminate, even when they don't seem to have much value or public interest anymore.

As always, there will be an incentive to get into the next Bitcoin before the rest does so, which means that a few coins will pump hard because of all the smart money capital entering their markets. Makes the most sense to me.

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December 02, 2019, 07:09:51 PM
 #19

Do you think altcoin can do it alone and have it's own pump and dump without being dependent on bitcoin?
If you're talking about legitimate growth of an altcoin, you're misusing the term 'pump and dump' which is typical on bitcointalk.  It shows a serious lack of understanding.

For *most* coins, value won't increase unless bitcoin does because there are too many of them and most are dead or dying.  The bigger ones like Eth, Dash, Monero, and the like can go up on their own but it all depends on demand.  Just like bitcoin.

The long and short of this is that a coin will increase in terms of fiat value as long as it holds its bitcoin value.  If bitcoin goes up and the coin has the same price in terms of satoshis, obviously it's worth more overall.  That's the weird quirk of the altcoin market in my opinion.
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December 02, 2019, 07:56:44 PM
 #20

Bitcoin remains the leader of crypto market for now. It determines the market sentiment and trend primarily whether bullish or bearish. Over coming years, when cryptos become mainstream, the dominance of bitcoin should go down drastically.
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