Will The Sorrow of BTC Be The Pleasure of Altcoins?

[Sithara007]

usually when the price of bitcoin collapses it will make the conditions of the exchange worse because altcoins will definitely go red and a lot of prices will drop, so when the price of bitcoin is not good it will definitely be a nightmare for many other coins.

That is due to the fact that a large percentage of trade for the altcoins happens w.r.t Bitcoins. Altcoin vs fiat trade is usually smaller in volume. So when the Bitcoin prices go down, it is natural to expect the altcoins exchange rates to get negatively impacted. And also, in 99% of the cases investors of altcoins will be investing in Bitcoin as well. So the market fluctuations will have a strong interlink. The new projects will also get affected if there is a downturn in Bitcoin prices. Because the ICOs get most of the funding in the form of BTC or ETH.

[kidbounty]

usually when the price of bitcoin collapses it will make the conditions of the exchange worse because altcoins will definitely go red and a lot of prices will drop, so when the price of bitcoin is not good it will definitely be a nightmare for many other coins.

That is due to the fact that a large percentage of trade for the altcoins happens w.r.t Bitcoins. Altcoin vs fiat trade is usually smaller in volume. So when the Bitcoin prices go down, it is natural to expect the altcoins exchange rates to get negatively impacted. And also, in 99% of the cases investors of altcoins will be investing in Bitcoin as well. So the market fluctuations will have a strong interlink. The new projects will also get affected if there is a downturn in Bitcoin prices. Because the ICOs get most of the funding in the form of BTC or ETH.

yes you are right, therefore bitcoin is the center of the market. altcoins will always experience negative effects when bitcoin collapses. I've never seen a case of an altcoin rising when bitcoin fell. every time bitcoin falls, altcoins will fall following bitcoin.

[indrakusumaindra]

The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.

There is always a hype that bring more people in the market and it used to be caused by bitcoin. Nowdays we got so many pairing with stable coins but when btc down everything going down which means bitcoin still have a huge impact for the whole market.

[Woodie]

Don't expect to see bitcoin crashing hard and the opposite happen were altcoins are seeing green! This can't happen, bitcoin is the king that holds most of the liquidity, when btc is in sorrow so will the altcoins.

But with an exception of a few coins on the market,  some  can see minor gains were btc doesn't which is very normal.

[fullhdpixel]

The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.

I get what you’re trying to say here. Alright, we all like Bitcoin and most of the people that are coming here are doing so because of Bitcoin, and their first investment goes into Bitcoin before any other cryptocurrency. And even the altcoins that we all see today all took inspiration from Bitcoin, if you have been around when it all started, they were called “shitcoins”.

Most people around the world that are not yet part of the cryptocurrency community have definitely heard of Bitcoin, but it’s less likely that they have heard the word altcoins, not to talk of hearing names like Ethereum, Cardano, Tron, Neo, and the rest of them. Bitcoin’s market cap covers like half of the whole market’s cap. So imagine that you wake up tomorrow and they said Bitcoin is no more, that it has been shut down or something like that. I bet you’re not going to waste time in dumping every altcoins you have. So if something happens to Bitcoin, it’s sure going to affect altcoins and they are going down with it.

[Argoo]

Once you think of it that way, then you might be invariably saying that the whole cryptocurrency market will cease to exist because I believe the Genesis of Bitcoin caused the existence of Altcoins and once the hope is lost for Bitcoin and it ceases to exist, there goes Altcoins too because I don't think Alts will be soo good to outlive Bitcoin someday.

If something suddenly happens to Bitcoin, why should  altcoins it also disappear because of this? In fact, they may well already exist on their own. Functionally, the Bitcoin problem should not affect them. Altcoins are only affected by the capitalization and price dominance of Bitcoin. If it does not exist, I believe that it will even have a positive effect on their further existence. After Bitcoin, the cryptocurrency market will probably no longer be dominated by only one coin. This will surely open up additional opportunities for them.

[BigBos]

Don't expect to see bitcoin crashing hard and the opposite happen were altcoins are seeing green! This can't happen, bitcoin is the king that holds most of the liquidity, when btc is in sorrow so will the altcoins.

But with an exception of a few coins on the market,  some  can see minor gains were btc doesn't which is very normal.

Well, I used to think that a decrease in the price of bitcoin would be a good thing for altcoins. however, in reality it makes the price of altcoins also crash. In fact, what's even worse is, when the bitcoin price starts to recover, not all altcoins will recover in price. it depends on each altcoin again.

[blue_nexus15]

this I think would be very unlikely as most altcoins are self-sufficient based on the Bitcoin protocol. The influence of bitcoin on the altcoin market is so great that when bitcoin drops in price, altcoins will wobble and fall

[imstillthebest]

alternative is a choice and not a measure of importance

that can be your point of view but for others alternative means a lot to them or they use alternative as their primary instead of an option only like here im cryptos not all can afford to transact btc because withdrawal limits and fees are higher .
but when btc sorrow it will be hard to accept it at first by all crypto users and some of them could lose interest in cryptos but some alternative coin users will get happy because that event could make the altcoins growing .

[Niobeh]

The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.

If BTC crashes down, so will the altcoins. Because when I looked at the market, altcoins always follow Bitcoin. Bitcoin will always be greater and being crashed down is most likely never because they have the most trust.  Altcoins are not independent.

[Connor Britton]

This statement is definitely wrong. Bitcoin is equivalent to a weathervane. When the price of Bitcoin drops, people will panic and sell other coins in their hands. Altcoins will also drop. Bitcoin affects the entire cryptocurrency market.

[magnum1010]

Although there are only several altcoins like BCH, BSV built upon BTC(Bitcoin forks), all altcon follow Bitcoin’s global trends. It happens because if people see that BTC is falling and a bear market is possible, they get rid of altcoins first, as they are more risky. So the sorrow of Bitcoin is also the sorrow of altcoins. That is why if Bitcoin die out, people will just get disappointed in crypto.

[john_nautica]

This statement is definitely wrong. Bitcoin is equivalent to a weathervane. When the price of Bitcoin drops, people will panic and sell other coins in their hands. Altcoins will also drop. Bitcoin affects the entire cryptocurrency market.

Yes, it has been proven long ago so there is nothing that cannot be denied because Bitcoin has become the benchmark for the entire cryptocurrency market and the benchmark for all cryptocurrency price resilience.

It could not be emphasized more that both Bitcoin and altcoin are equal in a way that these are all cryptocurrencies that exists in one market. So, when Bitcoin, the considered as the highest of them all starts falling, the same perspective will be assumed happening with every existing cryptocurrency as well. Thus, the fall of BTC cannot be a pleasure to altcoins because they are going down altogether if given the case.

[glendall]

bitcoin sadness will become altcoin sadness where the price of altcoins is strongly influenced by bitcoin, if bitcoin falls, altcoins will certainly fall and even deeper than Bitcoin. recover bitcoin can be in 2-3 weeks there is an increase but altcoins need 1-5 months, so can't altcoins have fun on bitcoin sadness

[Botnake]

Bitcoin is the icon of cryptocurrency, there is no cryptocurrency without Bitcoin then there is no use of alternative coins like there is no main road to traverse to reach the destination, Bitcoin indirectly has a strong relationship with Altcoins but the role of bitcoin dominates 80% of cryptocurrencies.

There is no way that altcoins will come to celebrate bitcoin's sorrow because bitcoin will never be beaten by altcoins in the long run. As long as bitcoin remains to be the king of crypto, altcoins are more likely to follow bitcoin's destination. And if bitcoin losses its value, i don't think altcoins will ever come to survive too when the king of crypto has failed in its goal.

[Devifajarina]

The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.

The alternative was born from the many opportunities that exist, it can purely be used by individuals and globally, in the sense that what you mention has a broad meaning to be able to understand cryptocurrency itself, but overall the alternative was born from the right choice.

Bitcoin is a counterweight to existing altcoins, but there is no relationship in the development of the altcoin, whether or not an altcoin develops is greatly influenced by the seriousness of the coin in carrying out promotions and the team that works, this cannot be separated from the hard work of the altcoins themselves.

[kak uli]

The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.

both have similarities and sometimes the dynamics that occur between bitcoin and altcoins are not in line, for example:
(when the price of bitcoin goes up, the price of altcoins goes down) this is the dynamic that happens with both of them.
  examples that are aligned between the two are: (when bitcoin goes up the price of altcoins also goes up).
From the example I mentioned above, I don't think the level of trust in altcoins will be lost, especially altcoins that already have many uses.

[Silberman]

The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.

This is an interesting question and in my opinion it will depend on the reason behind the supposed disappearance of bitcoin, if this happens because a flaw is found in the code and governments are able to destroy it or because there is a cataclysmic event so big that people need to go back to the Stone Age then there is no way for altcoins to take the place of bitcoin, however if this happens because a new coin is created that is many times better than bitcoin then it is obvious that alternative coins in that scenario will keep on existing and now are going to be based in this new superior coin.

[Viscore]

The word "Alt-coin" should mean "Alternative Coins". And the word alternative in a layman's language should mean having an obvious option. Example, having an alternative plan means I can decide to use Plan B, most especially if plan A may not favour me at that time. Also, Coffee is an alternative to Tea, in this scenario, alternative is a choice and not a measure of importance. In a situation where an alternative is a choice, is therefore means that the Sorrow of one will be the pleasure of the alternative.

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.

both have similarities and sometimes the dynamics that occur between bitcoin and altcoins are not in line, for example:
(when the price of bitcoin goes up, the price of altcoins goes down) this is the dynamic that happens with both of them.
  examples that are aligned between the two are: (when bitcoin goes up the price of altcoins also goes up).
From the example I mentioned above, I don't think the level of trust in altcoins will be lost, especially altcoins that already have many uses.

With today's happening in the market, its not still bitcoin is up, then altcoins go down. What we sees in the market is that bitcoin and altcoins are definitely going the same way more likely moving upward. So i think with the pleasure of bitcoin, altcoins will feel the same way too. When bitcoin faces sorrow, altcoins are more likely in deep sorrow too.

[m.rifki]

Relating this to cryptocurrency, if BTC who is the mother of Cryptocurrencies and who has gained extensive trust ceases to exist today, will altcoins flourish or will it make the people loose total interest in cryptocurrency.

Actually from what has happened so far, you can get what you ask for, when there is a correction against BTC, almost all altcoins will also experience a correction and tend to be larger, and that has been the case for years, Bitcoin will remain the strongest.