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Author Topic: Why is that altcoins are not independent on their own?  (Read 5302 times)

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Re: Why is that altcoins are not independent on their own?
« Reply #60 on: June 23, 2022, 01:44:08 PM »
Because altcoins are now a tool of speculation and few people use them for their intended purpose as a governance or utility.
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Re: Why is that altcoins are not independent on their own?
« Reply #60 on: June 23, 2022, 01:44:08 PM »

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Re: Why is that altcoins are not independent on their own?
« Reply #61 on: June 25, 2022, 01:55:50 PM »
Because altcoins are now a tool of speculation and few people use them for their intended purpose as a governance or utility.

If OP mean, why altcoinsbare always depending on bitcoin performance, I think that's true
Because bitcoin is the King of crypto currency.
Altcoin is just  a follower.
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Re: Why is that altcoins are not independent on their own?
« Reply #63 on: June 25, 2022, 04:29:57 PM »
Altcoins will always be related to bitcoin because btc is the parent of crypto in my opinion, but it is possible that altcoins can also be independent someday
That's right, Altcoins have a close relationship with Bitcoin.  This is because Bitcoin is the parent of Cryptocurrencies like what you mentioned, I agree because every time I see there is no Altcoins that can exist independently and most of them about prices also always follow Bitcoin price changes. 
But is it possible that someday there will be independent Altcoins without Bitcoin?  I think it's difficult and maybe I don't believe it, instead of saying Altcoins are independent but actually they are also hitchhiking with the popularity of Bitcoin.

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Re: Why is that altcoins are not independent on their own?
« Reply #64 on: June 25, 2022, 06:09:51 PM »
Altcoins will always be related to bitcoin because btc is the parent of crypto in my opinion, but it is possible that altcoins can also be independent someday

maybe oneday altcoins be independent, but it will take several years again.
As you said bitcoin is mother of crypto and  still superior as the King of crypto currency.
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Re: Why is that altcoins are not independent on their own?
« Reply #65 on: June 25, 2022, 06:14:25 PM »
Basically, the term "Bitcoin is the king of crypto" means Btc lead the tempo whether to move forward or move backward. Altcoins definitely will follow cuz Btc dominate the entire market.

Although sometimes there were/are tokens managed to pump despite Bitcoin drop position. But this case is seldom. The normal movement is wherever Bitcoin is, there's altcoins.

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Re: Why is that altcoins are not independent on their own?
« Reply #66 on: June 25, 2022, 07:07:10 PM »
I think this is because the price movement of altcoins depends on the demand, which means that when they have a good project and are useful for many people, it will have a good influence on the price movement, whereas if there isn't it will be very difficult to make the price go up.

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Re: Why is that altcoins are not independent on their own?
« Reply #66 on: June 25, 2022, 07:07:10 PM »


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Re: Why is that altcoins are not independent on their own?
« Reply #67 on: June 26, 2022, 02:47:03 AM »
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.

Because altcoins are just follower of bitcoin, It's the reason why altcoins are always depending on bitcoin.
Maybe If there is potential altcoins that replace bitcoin at the coming future, altcoin will independent

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Re: Why is that altcoins are not independent on their own?
« Reply #68 on: June 26, 2022, 04:30:20 AM »
This is not entirely true. The so-called bitcoin-altcoin coupling doesn't happen all the time. In fact, if you are a steady visitor on coinmarketcap and other crypto market monitoring sites, you'll notice some altcoins actually pump while bitcoin is dumping. Some gain x100 at the same time bitcoin dumped to 20k. So get your facts right

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Re: Why is that altcoins are not independent on their own?
« Reply #69 on: June 27, 2022, 06:24:17 AM »
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.

Altcoins can not stand on its own because Bitcoin is paired to all altcoins on the market, and being the first crypto coin, it has that advantage, not possible to change now may be this control may be broken in the future.
In additions, bitcoin price pump does not reflect on the prices of altcoins because of wide range continieing dominance. Again, altcoins declining during bitcoin pump, some shows market sentiments, participants may be following markets trends partterns.
Altcoins can exist on their own without Bitcoin. If now Bitcoin for some reason disappeared from the cryptocurrency market, this market would continue to exist without any problems. And I don't think it could get worse. The current price dominance of bitcoin over altcoins is due to its significant capitalization. In other words, significantly more funds are invested in bitcoin than in individual altcoins and groups of altcoins. At the same time, the great popularity of bitcoin rests on the belief of its holders that it will grow in price for a long time to come. If this factor disappears, and sooner or later it will happen anyway, then Bitcoin will very quickly lose its position as the leader of the cryptocurrency.

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Re: Why is that altcoins are not independent on their own?
« Reply #70 on: June 27, 2022, 07:49:56 PM »
We can say Bitcoin is the base currency of most of the altcoins so whenever Btc drops Altcoins also drop but in the past 2 years we have seen most of the altcoins are now trading with different-different cryptocurrencies like USDT, TRX, BNB and ETH also So altcoins should also stand strong when BTC drops but the nature of the market is still same almost every cryptocurrency drops when BTC drops. Bitcoin is the strongest currency when it starts dropping investors or traders start selling in panic so the altcoins also drop parallelly.

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Re: Why is that altcoins are not independent on their own?
« Reply #71 on: June 28, 2022, 07:32:33 AM »
Altcoins that have utility like Hashbit recently experienced a decline of 90% and all altcoins will experience the same thing when those utilities are not used by the crypto community, in contrast to memecoins that have no utility, their price goes up due to fomo and from whales.
But if I look at BTC, so far the price of Bitcoin has gone up due to the number of requests and Halving BTC, we can see it from the existing historical data.

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Re: Why is that altcoins are not independent on their own?
« Reply #72 on: June 29, 2022, 10:04:49 AM »
One of the things that makes me to write this article is that I have discovered several times, Any time Bitcoin is said to rise all other altcoins will start to fall in price and if Bitcoin said to fall the altcoins will still start to fall, what is really happening with altcoins market, is that altcoins can't stand on their own, or can we say that people are the ones manipulating the altcoins price? Your opinion si needed.

It's difficult to happen, altcoin can be independent.
Because bitcoin performance always influence altcoin.
Bitcoin is the King of  crypto currency.
So, It will happen continuously until there is potential altcoin replace bitcoin.

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Re: Why is that altcoins are not independent on their own?
« Reply #73 on: July 01, 2022, 11:28:55 AM »
No it is not possible. The majority of Blockchain projects and alternative digital currencies are in a one-sided dependency relationship with Bitcoin. Especially smaller currencies or starting projects are exposed to the partly enormous effects of Bitcoin performance. This can be attributed to the direct trade between Bitcoin and these currencies.

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Re: Why is that altcoins are not independent on their own?
« Reply #74 on: July 02, 2022, 08:31:41 PM »
The reason why altcoins are not depending on their own because bitcoin is still the King of crypto currency that always has big influence for altcoins performance.
Bitcoin is still the biggest.

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