Bitcoin reached $9400 yesterday and today declined at $8700. The jump of Bitcoin will destroy shitcoins but not all altcoins.Agree, only shitcoins will be disappeared, but top altcoins will increase as well. We have no problem with top altcoins, they are strong and even have a big community. So, there is no reasons for them to be destroyed by Bitcoin. Unfortunately, Bitcoin has declined today, will it increase again? :-\
Bitcoin reached $9400 yesterday and today declined at $8700. The jump of Bitcoin will destroy shitcoins but not all altcoins. Strong, real and top favorite coins will exists even Bitcoin huge jump. Only Bitcoin is real in the crypto world i think.
All altcoins price is affected by the move of bitcoin price but i don't believe they will be destroy if the teams behind keep working hard to develop and to deliver good results by making usefull in real world.Altcoins will be freed from the price dominance of bitcoin only when the level of bitcoin capitalization will not differ so much from the advanced types of cryptocurrency. Bitcoin's capitalization rate is now around 64 percent. Since many other cryptocurrencies have now bypassed the functionality of Bitcoin, a drop in its capitalization over time will be inevitable. Then the cryptocurrency market will be free in pricing. Now, in the decentralized cryptocurrency market, there is a tough centralized dominance of bitcoin in relation to cryptocurrency prices.
Of course many people would be surprised if the price of bitcoin dropped to $ 8k. This will scare a lot of people, so they will also sell altcoins. And the price of altcoins will fall even worse than bitcoin.I think when the price of bitcoin falls at the price of $ 8k it has become commonplace and commonplace because bitcoin has no support anymore, it's different when a lot of bitcoin uses it, it will make bitcoin prices expensive.
Of course many people would be surprised if the price of bitcoin dropped to $ 8k. This will scare a lot of people, so they will also sell altcoins. And the price of altcoins will fall even worse than bitcoin.But with today's market conditions, it is very unlikely if the bitcoin price drops to the 8k usd area, if 10k usd there may still be a possibility but it has to break the 11.3k usd support area,
We have already seen how the price of altcoins fell by 50-70% on the last fall of bitcoin. I can't imagine how much altcoins can lose in their price if BTC drops to $ 9500-10000.Of course many people would be surprised if the price of bitcoin dropped to $ 8k. This will scare a lot of people, so they will also sell altcoins. And the price of altcoins will fall even worse than bitcoin.But with today's market conditions, it is very unlikely if the bitcoin price drops to the 8k usd area, if 10k usd there may still be a possibility but it has to break the 11.3k usd support area,
So far the alt/btc price is very stable, even if the bitcoin price goes down alt/btc market doesn't fall too deep, it's just that if the alt/fiat price pair falls deep enough, just in case it's better to keep some in stable coins like USDT or DAI .
I don't think BTC destroy alts as they move side by side. alts and proven to have place in the crypto space. as I see it, BTC will pull alts whenever it's movement heading.. BTC price has been moving upward and some alts responding to this movement also. once it break the $15k I think most of the alts will have a good price also.
I don't think BTC destroy alts as they move side by side. alts and proven to have place in the crypto space. as I see it, BTC will pull alts whenever it's movement heading.. BTC price has been moving upward and some alts responding to this movement also. once it break the $15k I think most of the alts will have a good price also.Bitcoin will not destroy altcoins, it's just that altcoins have price movements depending on the project being developed so that when the project dies or has no use it will make the price collapse instantly.
The fact that Bitcoin will destroy altcoins was the only issue/. And if we believe in that kind of FUD or FOMO, it will be not good enough for us. It is better to follow the progress in the crypto market. So far, actually, BTC has been bringing very good signal to the altcoins to increaseThere is no reason for bitcoin to destroy altcoins,
Nah I don't think bitcoin can completely destroyed the altcoins but only those shitcoins will be destroyed..Shitcoin is a shitcoin, from the beginning it was useless, so why should it be destroyed if its existence was not clear from the start.
Most of the time altcoin follows bitcoin move. Every time we saw BTC pump alts pump right after that. this is not a prediction this is a facet you can check past history. So BTC will not destroy ALT they help and co-exist with each other.Very often, altcoins grow strongly when bitcoin is flat, as it is happening now in the market. And with a sharp rise or fall in the price of bitcoin, altcoins also fall.
Most of the time altcoin follows bitcoin move. Every time we saw BTC pump alts pump right after that. this is not a prediction this is a facet you can check past history. So BTC will not destroy ALT they help and co-exist with each other.Very often, altcoins grow strongly when bitcoin is flat, as it is happening now in the market. And with a sharp rise or fall in the price of bitcoin, altcoins also fall.
So BTC will not destroy ALT they help and co-exist with each other.Actually it's not about them helping each other, but altcoin prices are rising and not based on the dominance bitcoin chart, Market capitalization is only rotating in bitcoin and altcoins, so when bitcoin dominance increases, altcoin prices will fall, but when bitcoin dominance decreases then altcoin price will go up.