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Author Topic: Can Altcoins do it alone ?  (Read 2379 times)
Bitcoinjheta
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December 02, 2019, 09:17:04 PM
 #21

Altcoins can never be alone or make its own increase and decrease of value without bitcoin because since the beginning when the altcoins are being project it already paired by BTC which is the only coins that dominating the value of all cryptocurrency coin in the digital space.
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December 02, 2019, 10:40:48 PM
 #22

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?
Check the altcoins, how many of them can you get with USD? the amount can be count with fingers. That is why the price of most of the altcoins in the market is calculated by BTC, so the decrease or increase in its price immediately affects altcoins. Also, BTC decrease also causes to a psychological decrease, and the value of the altcoins may drop against BTC.

Their independent movement seems difficult at the present time. But we can see their opposite movements, which is possible when their reverse movement is stronger. If you check out altcoins' prices with BTC, you understand what I am trying to say.
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December 02, 2019, 10:54:19 PM
 #23

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?

Yes, it is true that all throughout the span of crypto's existence, altcoins are really tend to be dependent into the price movement of Bitcoin which shows that there is really a relationship between Bitcoin's price and altcoin's price within the market. Maybe there could be a possibility that a certain altcoin can do improve its price all alone breaking its dependency from Bitcoin's price movement. It is really possible to happen but difficult to execute because mostly prices are dependent into the price of Bitcoin. An altcoin can do improve all alone on its own for me if the scenario is an altcoin is really that impressive or interesting for the eyes of the investors having a large bidding for that certain altcoin which could create a movement on the price of altcoin without depending on the price of Bitcoin. But since traders tend to rely on trading based on the price of Bitcoin, price of Altcoins do depend on the price movement of Bitcoin. But still, it can really be possible that an altcoin can do it alone but it will be difficult to make happen.

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December 02, 2019, 10:54:59 PM
 #24

These types of questions always bring me back to my cliche that "there is no crypto without Bitcoin" The fact is that with the kind of marketcap altcoins have combined will still not be half of Bitcoin's. Altcoins had their run sometime ago and since many of them have missed their purpose, they'll always seek refuge in bitcoin for survival.
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December 03, 2019, 02:47:12 AM
 #25

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?
If only pump and dump, i think can although not because of bitcoin. There are some altcoins that get pumped when bitcoin price still on stable phase. But, and reasons why that altcoin get pumped, usually because price still manipulated by whales if they are exist, or maybe update from developer, listed in new exchage, etc.

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December 03, 2019, 03:59:27 AM
 #26

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?
ye.. it actually happened many times
look at BNB for the best example
it happened to ETC and ZEC too in 2017
they just should go up in BTC price while BTC stays the same
its not that rare
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December 03, 2019, 04:18:31 AM
 #27

Altcoins can never be alone or make its own increase and decrease of value without bitcoin because since the beginning when the altcoins are being project it already paired by BTC which is the only coins that dominating the value of all cryptocurrency coin in the digital space.

You better to look at coinmarketcap website and you could filter the coin list to top gained coins in 24 hour, you will see there are several coins that has gained for more than 10% each day. So i think altcoin is not 100 percent rely on bitcoin price.
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December 03, 2019, 05:11:41 AM
 #28

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?
When we talk investing on cryptocurrency then we can find that majority of the crypto user will invest firsf their money to bitcoin aand fter that they will find an alternative investment to choose an altcoin which they though is promising to choose. So, when they know that the bitcoin price will down they will sell bitcoin first and then they will sell altcoin as well. So, this thing will make most of altcoin market change.
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December 03, 2019, 06:21:27 AM
 #29

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?

Bitcoin is the bedrock of cryptos, altcoins are good for implementing experimental ideas and testing them out. If they work, they could implement most of these ideas to bitcoin. But it's good that bitcoin stays conservative and don't compromise the security for wild new ideas. Bitcoin needs to be secure, that shoud always come first so it's good that everything new is being tested in altcoins.

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Pelunize12
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December 03, 2019, 06:53:21 AM
 #30

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?
if you mean one altcoin, it can be pump and dump independent with bitcoin
you can look at coinmarketcap, no matter bitcoin does, there are altcoins which can be pump

But, if you mean most of altcoin. it depends on bitcoin moves, bitcoin moves impact more to most of altcoins
that's why there is a 'season', it means that not individual
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December 03, 2019, 01:28:30 PM
 #31

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.

Monero is the one in that list that I believe truly has move on its own many times in the past and present (but also gone down on its own). Ethereum slightly so but it tends to rise only when Bitcoin does. Dash actually also does the same but they are more a pump from centralized forces, does not to me reflect much demand because really, Dash merchants are all part of marketing. Not Monero and ETH.

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December 03, 2019, 04:01:44 PM
 #32

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?
there is an altcoin that doesn't depend on Bitcoin, you can check it on coinmarketcap, on Big Gainers, many tokens go up high, but I'm not sure about the coins for the long term, there are only good projects namely Ravencoin which shows an increase, others have projects or coins with a position of more than top 200
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December 03, 2019, 04:27:02 PM
 #33

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.
Bitcoin is indeed the father of all cryptocurrency and if without it some altcoins might gone for good because bitcoin is a decentralized cryptocurrency that no one can take control. I don't think altcoins can make it all alone without the sentiments of bitcoin price to compare in most cryptocurrency.

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December 03, 2019, 05:02:28 PM
 #34

it will be difficult for altcoin to be able to stand on its own, now if you think that corrected altcoin is always affected by bitcoin. so I think the influence of bitcoin is still too strong for all altcoin and altcoin has not been able to stand alone

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December 03, 2019, 05:37:53 PM
 #35

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 altcoin won't be able to do it alone unless stablecoin, even though altcoin follows the trend of bitcoin but there are still many who fail because it can't survive. So we can see, what will happen if there is no bitcoin, what can altcoin do? nothing can be done, so for whatever reason altcoin will always follow bitcoin.

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December 03, 2019, 09:25:10 PM
 #36

Theoretically they can, at least that's my opinion. They have their own chains, their own communities, after many years some alts have very strong communities. Crypto became a race, and in this race like in all others competition is hard and all participants wish to be on top. It's a struggle that last for some time, and it will continue in the future, who will win nobody knows, we can make wild guesses, we can research and follow news, but in the end we just bet and hope for the best outcome.

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December 04, 2019, 01:27:26 AM
 #37

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 dependent on bitcoin for long term pricing, but short term pricing altcoins pump and dump all the time due to low volume.  The thing to remember though is that the altcoin market wont bull while bitcoin is bearing and vice versa is the run (up or down) is sustained.

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December 04, 2019, 04:23:27 AM
 #38

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?
It has become a reality that almost all altcoins are affected by the movement of bitcoin. it is inevitable that this fact has been going on for a long time. but there are also those who can not be affected by bitcoin, namely ethereum has experienced it, when bitcoin goes down it moves. but it is very rare and the time is not long and will immediately remain affected by bitcoin.
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December 04, 2019, 10:21:51 AM
 #39

I don't think if altcoin will stand alone without relying on bitcoin, one of the main pumpers of altcoin goes up with the rise of high priced bitcoin, we can now see the price of a bitcoin dump then altcoin cannot move at all, in cryptocurrency bitcoin is the most influential main coin so it will be difficult for altcoin to stand alone because that turns on altcoin on the market which is bitcoin

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December 04, 2019, 10:49:45 AM
 #40

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?
to make alts prosperity, it must have a lucrative appeal for investors. in 2017 it was really like diamonds for sale at the price of silver. That mentality persisted with speculators until the end of 2018 until they saw only bitcoin with potential for growth. From then on, alts were likened to fraudulent shitcoins and they stopped buying alts. You can read a lot on this forum about the opinions of many speculators. but I hope in the future the alts will have some outstanding events and save the other potential alts.

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