What Happens To The Altcoins If Bitcoin Drops Strong?

[Fredomago]

Every altcoin follows the signal of Bitcoin so if Bitcoin in turmoil, of course, altcoins will suffer the same fate too.

That's how things works around this industry, bitcoin still dominant alts still relying to which directions bitcoin will take more downfall means strong dumped to alts community.

Though the USDT or stablecoin in that time will also become a safe channel for everyone to save their coin and that's something worry me the most.

Wise traders will go and use safer channels, stable coins serve this purposes and gave some shelter to every investors and traders who loves to play around.

[Tervelatuk]

altcoin price still have correlation with bitcoin price, what will happen to bitcoin it will happen to altcoin. bitcoin as king in cryptocurrency market, and investors recognized it as market mover. in history we see many times altcoin following bitcoin price. only less altcoin that didnt follow it due they have several good news that released.

[btc78]

We have been bearish since mid-May 2020. Yesterday we decided to READ the weekly chart. In the analysis, we clearly mention a technically bullish Bitcoin but that would change if prices move and close below EMA10. If you look at the chart and the description/analysis you will surely agree. The 1H chart is short-term and changes every few hours. Here we are looking/reading the daily chart... We share what we see on the chart. Charts are always changing... Please keep this in mind. A chart can be bullish today, bearish tomorrow, and vice versa. The daily chart for Bitcoin (BTCUSD) is bearish. Prices trading below EMA10 is one signal that I look at. Trading below EMA50 is another bearish signal and stronger. A bearish cross is another one. Low volume another one. Lower highs, another one, etc. "Considering" the bullish scenario on a longer timeframe doesn't change our view and we never shared any trades in any of our channels asking people to long Bitcoin, only reading charts. I know this can be confusing for some but if it is... It is your job to stay out and trade only once you are 100% certain in what you are doing, once you feel 100% sure.

For more details, please visit this, https://www.tradingview.com/chart/BTCUSD/Zd7geN2t-What-Happens-To-The-Altcoins-If-Bitcoin-Drops-Strong/?amp

actually we are bearish since march13 and not just this may so i don't know where did you get that idea.

and also about your question?haven't you check the market or atleast updated about what had happen last march13?when the price of Bitcoin hardly fall more than half?
if does then you already got the answer to your question because if is already happen that day.
that will happen to altcoin prices.

[Claudio99]

I'm sure all other coins will revaluate if Bitcoin dumps too hard, leaving the few projects who don't depend entirely on Bitcoin and I sure there aren't many altcoins who don't depend on bitcoin

[lienfaye]

If bitcoin plunged to its lowest price we can expect the altcoins to follow the movement because bitcoin influence the price of alts and following the trend.

The market is really unpredicted we cant say what would be the next next movement, thats why its important to have our own understanding and analysis about the market so we can somehow predict the next price of our coins.

[qwizzie]

The Bitcoin marketcap dominance fluctuates over time, increasing and decreasing through cycles.
Currently the Bitcoin marketcap dominance is decreasing, which gives the Altcoins marketcap dominance room to grow.
When enough growth in Altcoins marketcap dominance takes place, an Altcoins Season gets triggered.

Current Altcoins marketcap dominance : Weekly time interval


Source : tradingview.com

Current Altcoins marketcap dominance : Monthly time interval


Source : tradingview.com

[michellee]

altcoin price still have correlation with bitcoin price, what will happen to bitcoin it will happen to altcoin. bitcoin as king in cryptocurrency market, and investors recognized it as market mover. in history we see many times altcoin following bitcoin price. only less altcoin that didnt follow it due they have several good news that released.

It is right. Wherever bitcoin price moves, the altcoin will follow behind. And if bitcoin drops strong, the altcoin will follow, but not all altcoin will drop too far because some altcoin will try to survive, and the other altcoin can increase simultaneously. But it is difficult to know which altcoin can survive or grow because there is no sign of knowing that. We could only guess for the coin without know the truth.

[Kotone]

Every altcoin follows the signal of Bitcoin so if Bitcoin in turmoil, of course, altcoins will suffer the same fate too. Though the USDT or stablecoin in that time will also become a safe channel for everyone to save their coin and that's something worry me the most.

Altcoins have their own marketcap but due to direct relatinship on so many exchange with btc it seems that they are also will be affected once btc value fluctuates. Ive seen how altcoins got dumped when btc was also rekt in the past. But we can also noticed some altcoins that temain strong even when btc is down. Of course with the exemption of stablecoin that have stable price.

[maxreish]

Of course, charts are constantly changing. You've said you are reading the bitcoin's chart in a daily basis. Does it mean you also read some of the altcoin's chart? Because it definitely answers your question. While some of the altcoins doesn't probably following bitcoin's way and independeny enought to stand even in bearish times, but the way I see it, other altcoins are following the path of bitcoin IMO.

[giammangiato]

If bitcoin go down in a first period all the altcoin will reduce their capitalization but when the price became stable (btc/$) there will be a pump of all the altcoins, this is the best moment for buy, before this pump.

[isaac_clarke22]

If Bitcoin Crash, it will somehow an effect on majority of the altcoins but I am sure that there are some altcoins that are independent of Bitcoin price since some altcoins were valued in USD thus the BTC value of that said altcoin will just adjust.  

I believe that the Altcoin market should be independent from Bitcoin market because it is a separate project and development team.  It is the same as one company from another company.

~

I just checked CMC a while ago and turns out that most of the coins in the top 10 have the same curves in the graphs, with exception of stablecoins and some altcoins like Cardano and Crypto.com coin.
I guess we can somehow say that some alts still perform independently and having their own value and that's like just 1% of the whole altcoins in the market because I scrolled down to top 20 and they still somehow resemble the same curves as Bitcoin.

[Peanyut991]

In short, if Bitcoin drops dramatically, it will also affect Altcoin. You could say Altcoin will also experience a dropping, it has been proven. Bitcoin is the first crypto, of course if it has bad news other crypto will accept the consequences.

[thesmallgod]

Your post digress from the title. From experience when bitcoin drop strongly, the altcoin too drop. This is not just a rocket science but just because the altcoin price depend strongly on bitcoin. They are specifically pegged to bitcoin. However in many instances, when the price of bitcoin goes bullish, many altcoin price fall shortly or remain unchanged. This is because altcoin holders drops and opt for bitcoin  rather than holding altcoin.

[ahmia39]

In short, if Bitcoin drops dramatically, it will also affect Altcoin. You could say Altcoin will also experience a dropping, it has been proven. Bitcoin is the first crypto, of course if it has bad news other crypto will accept the consequences.

Yes, and this is very often seen when the crypto market experiences a price drop in Bitcoin, so Altcoin will also follow it, and this happens because of the influence of people who release Bitcoin and Altcoin in very large amounts.

[Vishnu.Reang]

If you check the Bitcoin dominance and market share for various altcoins, it may look as if the share of altcoins have gone up. But that is not the case. During the past 5-6 months, the Bitcoin dominance has gone down from around 67%-70% to somewhere around 64%. But the altcoin share is not increasing. It is the stablecoins such as USDT and BUSD which are increasing their market share.

[bukham88]

in previous monitoring of the ups and downs of the crypto market is determined by the price movements of Bitcoin, so if the price of bitcoin falls strongly then the price of altcoin will also follow it.

[Sebas.tian]

The only thing that will happen to altcoins when bitcoin went downtrend is for the Altcoins go bearish as fast as possible. Bitcoin has the most capitalization in terms of market value and almost all the altcoins are paired with Bitcoin, so, bitcoin price will definitely dictate the price of the altcoins.

[retnocintaku]

Generally, the price of Bitcoin is able to affect the price of Altcoin. However, this relationship is not always predictable. Bitcoin is the main currency, though Fiat currency, Tether, and Ethereum are also frequently used. When the Bitcoin price was dropped, the Altcoin price slowly also dropped.

However, when the price of Bitcoin rises rapidly, Altcoin may have an impact:

1. Altcoins will be depressed because money flows into the Bitcoin market.
2. But Altcoins can also go up.

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[Surrapatt]

in previous monitoring of the ups and downs of the crypto market is determined by the price movements of Bitcoin, so if the price of bitcoin falls strongly then the price of altcoin will also follow it.

Yes, only in the case of a decline and an increase in price is also determined by those who are interested in buying and disposing of coins into the market, regarding the bitcoin trends affecting altcoin, it is clear and often seen in the crypto market.

[Refrumatrix]

If Bitcoin loses value 90% or more altcoins will have no choice but to dump in price and if Bitcoin regain value almost all altcoins will recover but not all altcoins, some projects are built to withstand deep revaluation because of their use cases