Can Altcoins do it alone ?

[Cnut237]

What will it take for altcoin to prosper without bitcoin's involvement?

Yes, alts can rise without bitcoin. What will trigger this? High confidence in crypto. That's all.

When confidence is low, we get a bear market.
When confidence is okay, we can get upwards BTC price movement, and maybe alts dragged along a bit as well.

When confidence is very high, people are willing to move out of BTC and into alts - and this is when we have an alt bull without BTC.

[tippytoes]

Definitely not! Without bitcoin's presence, I don't think where will be altcoins by now. As everyone noticed, alts are following btc's trend in the market. And if you ask even an ordinary individual, they will say bitcoin when you ask about crypto. They always associated crypto with bitcoin. For now, I believe we need bitcoin's presence more than ever.

[LouVandetta]

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?

So far altcoin prices is always following bitcoin movements. When there's a pump in bitcoin, we'll see another green from altcoins price. And it's the same the other way around. Especially if we're seeing a dump, major altcoins will suffer the most from it.

But if you look closely, there are a few of altcoins that's not following the price of bitcoin. That's a pump and dump altcoin. Mostly it's an alt that has a cheap price, or only a moderate volume.

[freedomgo]

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?

At the moment, I think it's not likely to happen as bitcoin is pretty much dominating the market.
This year, I haven't seen an altcoins that is independently growing without following the movement of BTC, and this year BTC's dominance rate has increase significantly and with that, its almost impossible for altcoins to rise on their own, whether we like it or not, we have to understand the current trend now.

[Pelunize12]

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?

At the moment, I think it's not likely to happen as bitcoin is pretty much dominating the market.
This year, I haven't seen an altcoins that is independently growing without following the movement of BTC, and this year BTC's dominance rate has increase significantly and with that, its almost impossible for altcoins to rise on their own, whether we like it or not, we have to understand the current trend now.

Dont you see pump and dump coins? there are PnD coins almost everyday even dont care with Bitcoin movement
so yeah some altcoins can be independently growing without following btc movement, but the most altcoins follows.

These are good article about correlation to read.
https://www.longhash.com/news/altcoin-prices-have-never-been-more-closely-correlated-with-bitcoin
https://info.binance.com/en/research/marketresearch/crypto-correlations-q3-2019.html
https://hackernoon.com/about-those-crypto-correlations-e68720707efe
https://www.forbes.com/sites/cbovaird/2018/10/16/is-the-correlation-between-stocks-and-bitcoin-real/#4656c4b96146

[Apened]

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?

Of course not, but there are very very few altcoins that can stand alone against the bitcoins bearish market. However, to say that they can stand or always make their own trend going up is nearly impossible. So i think they can't be independent bitcoin is still the king of crypto and whatever movement it makes the entire altcoins will have an effect.

[kodtycoon]

for now and so far i'm sure altcoins won't be able to move on their own but in reality we don't know what changes will happen in the future. but indeed, bitcoin really dominates the crypto market but sometimes there are times when altcoins are able to increase themselves but indeed, an increase that happen without a positive trend of bitcoin then the increase will not be significant and only happen for a short time

[romero121]

This can happen, but the days weren't very near. From my view bitcoin came into existence without any dependence. When we look upon altcoins, everything got developed following the other. This way each and every altcoin has got some connectivity which makes direct dependence over bitcoin. At times we can experience growth with altcoins without big move on bitcoin. If everything gets independent market then bitcoin will easily loss its importance.

[YinShuiSiYuan]

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?

This moment will come. It will definitely start with one altcoin and most likely it will be Ethereum. It is possible that this situation will be initiated by the upcoming fork. When the Ethereum price breaks away from the Bitcoin price on the chart and begins to grow very quickly regardless of what happens to the Bitcoin price, then investors will understand that other alcoins also have high growth potential. This will definitely be a revolutionary moment for the entire cryptocurrency market.

[go4crypto]

Some altcoins have bucked the bear market trend and done well this year. However, the majority of the coins in the market are still led by overall bitcoin trend and sentiment.

[freedomgo]

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?

At the moment, I think it's not likely to happen as bitcoin is pretty much dominating the market.
This year, I haven't seen an altcoins that is independently growing without following the movement of BTC, and this year BTC's dominance rate has increase significantly and with that, its almost impossible for altcoins to rise on their own, whether we like it or not, we have to understand the current trend now.

Dont you see pump and dump coins? there are PnD coins almost everyday even dont care with Bitcoin movement
so yeah some altcoins can be independently growing without following btc movement, but the most altcoins follows.

These are good article about correlation to read.
https://www.longhash.com/news/altcoin-prices-have-never-been-more-closely-correlated-with-bitcoin
https://info.binance.com/en/research/marketresearch/crypto-correlations-q3-2019.html
https://hackernoon.com/about-those-crypto-correlations-e68720707efe
https://www.forbes.com/sites/cbovaird/2018/10/16/is-the-correlation-between-stocks-and-bitcoin-real/#4656c4b96146

I can't monitor everything as altcoins is a big market, its just my observation looking to legit altcoins with real liquidity and in good exchanges.
Maybe from time to time there are coins that will pump but it would not rise further if BTC is still at the current state.

Thanks for taking effort providing me this article, it will take time to read but I will definitely check that.

[g4r1n1m]

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?

Altcoins are traded against BTC mostly, so when Bitcoin goes down the price of Altcoins goes down too (and the opposite)
its just the market structure and it'll probably stay like that forever,
because if we want to change that we need to make a complex program that will buy/sell the altcoin automatically by watching the BTC price and you dont want to do that, maybe only with a stable coin to maintain its price.

[Ararbermas]

There's no way alts can do it alone. Because in the first place its very unpredictable and weak. Actually Altcoin need more support because without any support it will end up to shitcoin real quick.  Because indeed that's how the market play . Wherein in just one dump it can turn alts to worthless..

[maydna]

Altcoin cannot do it alone without bitcoin. Besides that, the altcoin is following bitcoin, and no matter where bitcoin goes, the altcoin will behind bitcoin. As you can see from this few days ago, when bitcoin is down, many altcoins getting down too and lose the value. But if bitcoin back to the higher price although for a small pump, the altcoin will do the same. So the altcoin cannot survive without bitcoin because bitcoin is the leader of the cryptocurrency, and it will be like that.

[scambust]

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?

Because Bitcoin is considered the USD of crypto meaning it is the index of all cryptocurrencies. The only time altcoins will be independent of Bitcoin's movements is for another altcoin to take its place in terms of deeper liquidity and more trading volume.

The sad fact that stablecoins have a growing and bigger trading volume than all altcoins, points to the lack of confidence with altcoins.

[kotajikikox]

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?

of course altcoin can do that,being Pumped and Dumped?sure because Whales can do this(actually they are doing this for long time now)
if you are lucky to get a chance to bet before they pump the specific coin?then congratulation though if you buy in the dumping stage then sorry but you will cry later.
do you like this kind of pumping?or would you choose the system when altcoins are relying on bitcoins growth so the longer bull will stay?

[Pamadar]

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?

Because Bitcoin is considered the USD of crypto meaning it is the index of all cryptocurrencies. The only time altcoins will be independent of Bitcoin's movements is for another altcoin to take its place in terms of deeper liquidity and more trading volume.

The sad fact that stablecoins have a growing and bigger trading volume than all altcoins, points to the lack of confidence with altcoins.

It can't be denied that most of the traders uses stable coins than certain alts the confidence that it will keep the value of the asset is much
prefer than taking the risk using alts that can fall when the dumping market is taking place. There's still no particular movement that alts
can move forward without the BTC being paired. It will take time before this will happen and still depends from how the traders and investors
will adopt and entrust to those alts.

[Republikcoin.com]

Altcoin cannot do it alone without bitcoin. Besides that, the altcoin is following bitcoin, and no matter where bitcoin goes, the altcoin will behind bitcoin. As you can see from this few days ago, when bitcoin is down, many altcoins getting down too and lose the value. But if bitcoin back to the higher price although for a small pump, the altcoin will do the same. So the altcoin cannot survive without bitcoin because bitcoin is the leader of the cryptocurrency, and it will be like that.

yes, I often see for some altcoin that it can pump a little when the price of bitcoin remains stable. but, when talking about this as a whole, altcoin can't do it alone. ever since I got to know bitcoin until now, the rise in altcoin has always been triggered by the increase in high bitcoin prices. that even happened in 2017. where the price of bitcoin reached its ATH, and most altcoins at that time also reached its ATH.

[elisabetheva]

Altcoin cannot do it alone without bitcoin. Besides that, the altcoin is following bitcoin, and no matter where bitcoin goes, the altcoin will behind bitcoin. As you can see from this few days ago, when bitcoin is down, many altcoins getting down too and lose the value. But if bitcoin back to the higher price although for a small pump, the altcoin will do the same. So the altcoin cannot survive without bitcoin because bitcoin is the leader of the cryptocurrency, and it will be like that.

yes, I often see for some altcoin that it can pump a little when the price of bitcoin remains stable. but, when talking about this as a whole, altcoin can't do it alone. ever since I got to know bitcoin until now, the rise in altcoin has always been triggered by the increase in high bitcoin prices. that even happened in 2017. where the price of bitcoin reached its ATH, and most altcoins at that time also reached its ATH.

This is a fact that can not be denied by altcoin, that altcoin is indeed always influenced by the development of bitcoin movements. where bitcoin rises then altcoin is encouraged and vice versa. there may be altcoins that can move on their own but not and rarely last long, they will eventually be re-influenced by bitcoin movements.

[PuertoLibre]

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?

Because Bitcoin is considered the USD of crypto meaning it is the index of all cryptocurrencies. The only time altcoins will be independent of Bitcoin's movements is for another altcoin to take its place in terms of deeper liquidity and more trading volume.

The sad fact that stablecoins have a growing and bigger trading volume than all altcoins, points to the lack of confidence with altcoins.

The total calculated index value is not the same as the correlation of BTC&altcoins. The dusty atmosphere in the crypto markets makes it hard to eliminate the scam projects, shitcoins, no-real-use case products projects etc. The stable coins have no proper explanation of how they achieved the 100 percent of USD back up. Somehow, CEOs don't want to talk about the gold or another valuable asset-backed up stable coins, in general.