Can Altcoins do it alone ?

[drlukacs]

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 the alts will automatically grow when investors see it sideway at the long bottom. Like in early 2019, the price of ETH and the top coins are both sideway at very low levels. then about 1 month later, it can grow strongly again. Given the current situation of the crypto market, I think the speculators are looking forward to bitcoin, the upcoming halving event and we will still have to confront the Altcoins bear in the long term until Q3 of 2020.

[patz22]

because thats the reality altcoin will not have their own way of growing unless there will be a mas adoption from new players and will trust what they are promising in future,remember that whales are manipulating them to the extent that instead of gaining supporters those are going away for being threaten of pumping and dumping scheme.altcoin will have their voices when the right time comes but now?only Bitcoin can dictate what is their future.

apart from many reasons it is clear that altcoins simply cannot do it alone and it is very unlikely to happen, and if we talk about adoption that is very likely to make a coin grow bigger then at least it will happen to bitcoin first because bitcoin is very likely to get greater support in this industry when compared to altcoins as alternative coins

Give it some time! Remember, it took almost a decade when BTC got the limelight in this industry - I mean, in finance industry. So basically, when it comes to altcoins as long as there are a lot of support and adoption from different sector of society for us everything will happen in place.

[drlukacs]

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 can move independently from the price of bitcoin but for that they need very specific circumstances, they need the price of bitcoin to be stable but they also need a positive atmosphere so investors are willing to take risks, and when you understand those two factors then you can easily see that we do not have the necessary factors to see an altcoin season.

The price of bitcoin is not stable, it is going down and because of it people are not really positive about the short term prospects of the market and that is slowing down the market of altcoins.

  it's entirely based on the supply and demand of the market, not the stability of bitcoin. Bitcoin has been stable for quite a few days now, but the alts have not moved up, which is saying that the demand for buying alts is not much, they are paying more attention to bitcoin. The Halving event has made bitcoin hotter and so is the alts market, it needs something that can appeal to investors to invest in it. for example, top alts offer good news about their new partner or superior technology products.

[pajak666]

I don't think there will be any Altcoin alive if there is no Bitcoin. Every Altcoin is running on the basis of Bitcoin. People rarely bought alts without buying Bitcoin. So there will be no existence of them.

BTC is basically the only backing of altcoins as for now. It is the only real reason the rest of them may exist. As for now it's purely speculation and people trying to leverage their profit on phenomena called BITCOIN. Unless other networks grow big and stable and there is a lot of adaption they will be btc's bitches.

[Lanatsa]

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 can move independently from the price of bitcoin but for that they need very specific circumstances, they need the price of bitcoin to be stable but they also need a positive atmosphere so investors are willing to take risks, and when you understand those two factors then you can easily see that we do not have the necessary factors to see an altcoin season.

The price of bitcoin is not stable, it is going down and because of it people are not really positive about the short term prospects of the market and that is slowing down the market of altcoins.

  it's entirely based on the supply and demand of the market, not the stability of bitcoin. Bitcoin has been stable for quite a few days now, but the alts have not moved up, which is saying that the demand for buying alts is not much, they are paying more attention to bitcoin. The Halving event has made bitcoin hotter and so is the alts market, it needs something that can appeal to investors to invest in it. for example, top alts offer good news about their new partner or superior technology products.

We can really see the rate of demand of such project but we when we do talk about market trend then its no surprise that these coins
or projects do really pump out too but it doesnt mean that they would able to stand on their own but we cant say that they do depend with bitcoin
most of the time and this would always matter with demand or support.

[tianglistrik]

I don't think there will be any Altcoin alive if there is no Bitcoin. Every Altcoin is running on the basis of Bitcoin. People rarely bought alts without buying Bitcoin. So there will be no existence of them.

BTC is basically the only backing of altcoins as for now. It is the only real reason the rest of them may exist. As for now it's purely speculation and people trying to leverage their profit on phenomena called BITCOIN. Unless other networks grow big and stable and there is a lot of adaption they will be btc's bitches.

in fact that altcoin in price is still influenced by bitcoin prices, so to make altcoin grow by itself will be difficult because altcoin is always under bitcoin

[okala]

Since January 2018 some of the altcoins has been going down and there is no hope for there recovery. I have decided that any of my holding that appreciate a little I am going to sell them and convert them to bitcoin as it seems no hope for recovery.

[distr@yopmail.com]

Since January 2018 some of the altcoins has been going down and there is no hope for there recovery. I have decided that any of my holding that appreciate a little I am going to sell them and convert them to bitcoin as it seems no hope for recovery.

as long as the market is still in a state like this, of course, it will be difficult for an altcoin that does not have strong market power to survive and grow. of course, the hope is that the value of bitcoin is improving. but not for now with the declining bitcoin market conditions and of course it will not be good for an altcoin. if you now switch to bitcoin I guess that is the right choice. because I also do the same thing with the altcoin that I have.

[BartS]

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 can move independently from the price of bitcoin but for that they need very specific circumstances, they need the price of bitcoin to be stable but they also need a positive atmosphere so investors are willing to take risks, and when you understand those two factors then you can easily see that we do not have the necessary factors to see an altcoin season.

The price of bitcoin is not stable, it is going down and because of it people are not really positive about the short term prospects of the market and that is slowing down the market of altcoins.

 it's entirely based on the supply and demand of the market, not the stability of bitcoin. Bitcoin has been stable for quite a few days now, but the alts have not moved up, which is saying that the demand for buying alts is not much, they are paying more attention to bitcoin. The Halving event has made bitcoin hotter and so is the alts market, it needs something that can appeal to investors to invest in it. for example, top alts offer good news about their new partner or superior technology products.

The price of bitcoin has not been stable at all just recently there was a huge movement, but when I talk about stability I think that you misinterpreted what I meant, the price of bitcoin needs to remain stable not for days but for months before we have any chance of seeing a growth in the market of altcoins.

If the price of bitcoin keeps moving then investors do not really have any need to look for any alternative investment because they can always hope that bitcoin will give them the profits they are looking for.

[ePesoInitiative]

The whole crypto will always act as one. It is not because of individual characteristics of each coin but it is because of human behavior. We humans tend to group things together so that in the markets, industries fall and rise together.

[coin_1122]

If the market situation like this, it is impossible to predict the altcoin situation, for the past 1 year we are seeing a complete downtrend for the altcoin. As of now, the market situation is changing and it will help the altcoin to increase their prices in the coming days. We shouldn't lose our hope because any time there is a chance for altcoins to increase their prices.

[matchi2011]

The whole crypto will always act as one. It is not because of individual characteristics of each coin but it is because of human behavior. We humans tend to group things together so that in the markets, industries fall and rise together.

Good point from that part as the hole industry was supported by investors and there's always people who will keep bringing new ideas but will also
take part of the original concept. Alts will depend from bitcoin and bitcoin investors will look after alts to bring something good from their investment.

[bettercrypto]

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 themselves can grow without bitcoin. But take a look at this simple logic, if bitcoin did not exist do you think altcoins will be invented also? Maybe 1% chance since Satoshi made the decentralisation and new type of currency using technology. A peer to peer network that connects people all over the world. Therefore, altcoins depend on the success of bitcoin.

[cunguks]

If the market situation like this, it is impossible to predict the altcoin situation, for the past 1 year we are seeing a complete downtrend for the altcoin. As of now, the market situation is changing and it will help the altcoin to increase their prices in the coming days. We shouldn't lose our hope because any time there is a chance for altcoins to increase their prices.

the past year is the trend down? Is that true? if you look from 2017 maybe that's right. but if you look at trading trends from the beginning of this year I think it's better with the declining conditions that have occurred altcoin can survive in the market and not disappear. now we see altcoin with strong potential in the market. and we are just waiting for the moment of the market pump. at that time we will see a good altcoin.

[nhbaonghi]

It is really difficult for an altcoin to pump without the help of bitcoin, most of crypto investors also use altcoins to accumulate more bitcoin. However, I also see some altcoins significantly pump without the effectiveness of the price of bitcoin i.e: EGT , they pumped ~ 200x as I remembered, but I think that just pump and dump strategy from their devs. In overall, I dont think altcoin price can be increased as long as bitcoin is still in its downtrend

[BartS]

The whole crypto will always act as one. It is not because of individual characteristics of each coin but it is because of human behavior. We humans tend to group things together so that in the markets, industries fall and rise together.

Good point from that part as the hole industry was supported by investors and there's always people who will keep bringing new ideas but will also
take part of the original concept. Alts will depend from bitcoin and bitcoin investors will look after alts to bring something good from their investment.

It is true that when the market is going up similar assets have a tendency to move together but this tendency is even greater in the market of cryptocurrencies because as we know a substantial amount of the projects are just copies of bitcoin which means that they are heavily dependent on the behaviour of bitcoin for their progress.

And that is a problem because everything depends on the fate of one single coin and when bitcoin is not doing well then the whole market is not doing well.

[Magkirap]

The whole crypto will always act as one. It is not because of individual characteristics of each coin but it is because of human behavior. We humans tend to group things together so that in the markets, industries fall and rise together.

Good point from that part as the hole industry was supported by investors and there's always people who will keep bringing new ideas but will also
take part of the original concept. Alts will depend from bitcoin and bitcoin investors will look after alts to bring something good from their investment.

It is true that when the market is going up similar assets have a tendency to move together but this tendency is even greater in the market of cryptocurrencies because as we know a substantial amount of the projects are just copies of bitcoin which means that they are heavily dependent on the behaviour of bitcoin for their progress.

And that is a problem because everything depends on the fate of one single coin and when bitcoin is not doing well then the whole market is not doing well.

Well it is because no other altcoin can keep up or meet what bitcoin can do now so altcoin's behavior and price will really be dependent on what is happening with bitcoin and indeed almost every altcoins is copied or have the same system as bitcoin has so no doubt why altcoins move depend on what move bitcoin has but i think it will not stay that way always, we are innovating and so do altcoins so maybe there will be some innovation that will happen to altcoins that can chage the way it is.

[adroitful_one]

The whole crypto will always act as one. It is not because of individual characteristics of each coin but it is because of human behavior. We humans tend to group things together so that in the markets, industries fall and rise together.

Good point from that part as the hole industry was supported by investors and there's always people who will keep bringing new ideas but will also
take part of the original concept. Alts will depend from bitcoin and bitcoin investors will look after alts to bring something good from their investment.

It is true that when the market is going up similar assets have a tendency to move together but this tendency is even greater in the market of cryptocurrencies because as we know a substantial amount of the projects are just copies of bitcoin which means that they are heavily dependent on the behaviour of bitcoin for their progress.

And that is a problem because everything depends on the fate of one single coin and when bitcoin is not doing well then the whole market is not doing well.

Well it is because no other altcoin can keep up or meet what bitcoin can do now so altcoin's behavior and price will really be dependent on what is happening with bitcoin and indeed almost every altcoins is copied or have the same system as bitcoin has so no doubt why altcoins move depend on what move bitcoin has but i think it will not stay that way always, we are innovating and so do altcoins so maybe there will be some innovation that will happen to altcoins that can chage the way it is.

I think the biggest reason for Bitcoins huge dominance is that people that don't even know what crypto is invest in it whenever they see it on the news. You don't really see the news talking about how Ethereum has went up 30% in the last month. At least not on the regular news stations. Whenever the news says that Bitcoin has returned 100% this year, there will be brand new people coming in to the market and investing in Bitcoin.

[asus09]

Altcoin can do it alone because altcoin price always depend with bitcoin, when bitcoin have lower price altcoin keep with lower price and when bitcoin have raise with higher price some time altcoin keep with lower, when altcoin price keep growing up without care about bitcoin on lower or higher price is the time for altcoin can do it alone.

[slaman29]

Altcoin can do it alone because altcoin price always depend with bitcoin, when bitcoin have lower price altcoin keep with lower price and when bitcoin have raise with higher price some time altcoin keep with lower, when altcoin price keep growing up without care about bitcoin on lower or higher price is the time for altcoin can do it alone.

So altcoins CAN do it alone BECAUSE they're always dependent on bitcoin? You totally realize you've just contradicted yourself right?

You want to know what happens when altcoins try to do it alone? That means cutting off Bitcoin completely? Then please refer to Bitcoin SV. They tried for a while and even Bitcoin Cash tried it but eventually, even they need Bitcoin for people to buy them! Complete bollocks about altcoins pretending they can make it alone.