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

[ayatoslaw]

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 .

[AllSii]

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 .

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.

[Fenix]

I do not yet see the possibility of the Bitcoin price dropping to eight thousand dollars. For a long time, bitcoin has been gradually increasing in price and has now been in the $ 13,000 range for some time. Now, on the contrary, we expect further market growth and the situation for this is developing positively. The last months of the outgoing year are traditionally considered the best for the growth of the cryptocurrency market. Therefore, Bitcoin is most likely to rise in price by the end of the year to $ 15,000 - $ 17,000.
In any case, if the price of bitcoin rises or falls, altcoins will not disappear anywhere in this market.

[comer]

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.

[lepbagong]

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.

What you said is true and I agree with your opinion, that bitcoin always gives / affects every movement of altcoins, especially the top-ranking altcoins, but not for altcoins that have no more transactions.

bitcoin will increase by the end of this year and I totally agree with your prediction that bitcoin will reach $ 15K by the end of the year and that is not the end of the bitcoin journey because, if you look at the Halving experience, bitcoin will be at its peak in 2021. we will see if it can exceed figures in 2017, and we hope.

If there is a sharp increase it is certain that all the altcoins will be lifted as well especially obviously for the top-ranked altcoins because they have the potential to keep up with bitcoin movements.

[IvugeoEvolutionCoin]

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.

[Legion]

Bitcoin can never be destroyed by anything.

[AllSii]

Not all altcoins expect a strong price decrease. Top altcoins have repeatedly proved their stability and they will lose their price in proportion to the loss of the bitcoin price.

[Jawahara]

Only shitcoins will be destroyed so to say but altcoins with good use case will surely keep evolving irrespective of the market price of bitcoin.

[highnayem34]

I think each coin/token back each other. Bitcoin seems difficult to outlive on the off chance that there are no altcoins, also altcoins may not exist in case there's no Bitcoin. In this matter, I think to claim whether altcoins or Bitcoin to be annihilated is babble.

[Quart]

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 increase

[shadowdio]

Nah I don't think bitcoin can completely destroyed the altcoins but only those shitcoins will be destroyed.. Still many people are like to invest altcoins because it can increase multiple times than bitcoin if you spot a good altcoin.

[ayatoslaw]

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 increase

There is no reason for bitcoin to destroy altcoins,
bitcoin and altcoin support each other, without altcoin bitcoin might not last long, and vice versa altcoins will not exist without bitcoin.

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.

[IyemRoker]

It is now proven that TRON has returned to the price of 160 satoshis after increasing its price to 400 satoshis.
By the time TRON went up to the price of 400 satoshis, Bitcoin was at the price of 10,000 USD and now Bitcoin is at the price of 15,000 USD and TRON is at the price of 160 sayoshis.

This effect is more terrible than the OP who wrote Bitcoin at 8,500 USD.

[Istiak]

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.