Altcoins Will Be Destroyed By Bitcoin, Warns Analyst Following Jump To $8.5K

[jonathancool220]

Indeed, such a reality since 2010, where the battle between Bitcoin and Altcoins was always won by Bitcoin because Bitcoin is super power for altcoins.
Now it still applies, where when Bitcoin rises by more than +5% then the altcoins will be defeated but altcoins can also go up in price if only those altcoins are famous, like the top 20 on CoinMarketCap.

[Cryptoz]

No, there is no reason that altcoins destroy Bitcoin. Bitcoin is much stronger than altcoins and this is the worthiest also trusted crypto after all. There are many predictions and statements that altcoins can betray BTC. but until now it is nothing. They cannot approach the BTC from its price and also value.

[mlawson71]

The original post posited the opposite actually, that Bitcoins will destroy altcoins. Which I don't think will happen, there's enough market for everyone.

[alltalk]

Bitcoin or altcoins cannot be destroyed, so there is no reason to claim "altcoins/bitcoin will be destroyed". I think every coin/token support each other. Bitcoin seems hard to survive if there are no altcoins, also altcoins may not exist if there is no Bitcoin. In this matter, I think to claim whether altcoins or Bitcoin to be destroyed is nonsense.

[vegasus]

Altcoins are okay and it is supported by Bitcoin. How can altcoins be destroyed by Bitcoin? I think Bitcoin cannot struggle alone, it needs altcoins as well. About the price in crypto market, altcoins always follow Bitcoin in growing the prices.

[Muneeb22]

Now the Bitcoin at on good price and all the crypto market run just the Bitcoin not the other ALT coins and the BTC is just preparing to make the high so much this time, so hold your BTC and wait for the bull.

[gourav787]

This is always happens whenever Bitcoin price start pumping in market , altcoin start dumping and vice versa . Now Bitcoin as well other altcoin on good position in Market . hopefully we see Bitcoin is on $10K soon as possible .

[Alcor]

The price of bitcoin has now relatively stabilized and has been at a level slightly more than $ 9,200 for a relatively long time. At the same time, I do not see any difficulties in the price plan for our altcoins. Bitcoin's capitalization level is gradually decreasing from 65 percent and is now at a little more than 62 percent. I hope that when the price of bitcoin increases at the end of the year, our altcoins will also grow with it.

[damsix]

But I think it does not refer to an altcoins, where altcoins that are included in CoinMarketCap's top 20 radar cannot be destroyed, even they are able to go up together with Bitcoin when the price of Bitcoin goes up as well.

We can see with TRON altcoins who are able to follow the direction of Bitcoin.
So, in my opinion this TRON cannot be destroyed when Bitcoin goes up because TRON is able to walk in harmony with Bitcoin when it goes up and down.

[Noverteno]

Even though the price of bitcoin has stagnated or dropped slightly, we recently saw DeFi projects grow in value very well. The sensational YFI token rose in price to $ 42,000. That is, sometimes altcoins behave very independently of bitcoin. Of course, he still has a dominance of 58 percent. However, nothing lasts forever. Cryptocurrency is developing very quickly and this development is no longer in favor of bitcoin. It continues to lag behind other cryptocurrencies. So I'm not worried about altcoins.  Already need to worry about bitcoin.

[Gurujebs]

Looking at the current price of Bitcoin and Alternatively coins, they both rock the same both in price development, thanks to DeFi hype and rush.
Currently, If bitcoin can maintain 10.5k, altcoins performance may be stable and probably a little bull run if bitcoin dominance fall. If the opposite should happen, altcoins and DeFi tokens will loose value

[jakasantosa]

I guess what  means Altcoins Will Be Destroyed By Bitcoin when the bitcoin price drops to $ 8.5K is about the altcoin price, because we know Bitcoin has an effect on the price of some altcoins. If this is what is meant in the discussion of this headline there is some truth in it.

[Tanimariya]

Many altcoin prices have fallen as a result of falling bitcoin prices. But I think it's a possibility. The cause of a catastrophe and everyone has to wait a long time for this price to rise. So bitcoin holders know that the price of bitcoin will increase. But some are reduced overnight. So it could potentially lead to an improvement. So I think the price of Bitcoin will have to wait for an increase.

[Black ID]

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.

[EthereumDev_]

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.