If Bitcoin collapses, will Altcoins too?

[Geey]

I think it is true that bitcoin and altcoin are related, if the price of bitcoin goes up then the price of altcoin also goes up because bitcoin is the benchmark for all coins.. but if the price of altcoin goes up then the price of bitcoin does not follow its price, but bitcoin also needs the support of altcoin so that with the existence of altcoin bitcoin can develop like this.

[Lucius]

It is unlikely that BTC will collapse just like that, because too much money has been invested, and this means that there is huge support from ordinary people, and not so long ago also from large investors. However, if we imagine the situation when something like that would happen, then altcoins would definitely experience a heavy blow, because most of them have no purpose and sense, and in an unprecedented panic, they would probably disappear in a bloodbath.

The only question is whether someone would appear who would manage to position one of the more famous alts as the successor to BTC in such a chaotic situation. However, BTC is the only truly decentralized coin, and it is impossible to find a replacement - such things are actually in the domain of science fiction.

[Dzwaafu11]

We always associate bitcoin and altcoin every day, because these two elements are what fill the cryptocurrency space into a very colorful space...

Some agree that the two are related, and some agree that the two have different concepts....

So, what if Bitcoin suddenly collapses, will altcoin also follow in Bitcoin's footsteps?? Show strong reasons why you think so!

You notice that anytime bitcoin gets dipped, altcoins also follow the trend too? Because I realised that anytime bitcoin gets dumped, altcoins also follow and get dumped. That is why I can also suppose that if bitcoin collapses, there is a possibility that altcoins will also do the same thing. Although I know that it will be something difficult to happen, just in case it happens, I believe that is why it will be the result.

Further, another thing is that if this thing you are saying should happen, then altcoins will not follow immediately. There are some altcoins that investors will still choose and invest in their money because, in crypto, investors always come to pump money into some coin, so there are some coins that investors will still choose to invest, even though it may take much longer compared to bitcoin investment, but I believe there will still be some coins that people will invest in. 

[MainIbem]

Bitcoin is superior to every other Cryptocurrencies and many of them move with the Bitcoin trend, that's why you'll notice that when Bitcoin price goes up most potential and good Alts goes up and when it dips they also fellow same trend so I believe that if Bitcoin collapses it could mean the end of cryptocurrency cause it is superior to every other cryptocurrencies and many of them depend on it's price to add value, that's why there's a saying that when the head is cut off, every other parts of the body suffers and that's just it. People should understand that as the most outstanding and most influential Cryptocurrency, several other Cryptocurrencies are dependant on it and if it's successful they'll fellow suit and if it collapses they'll also do same and so far that's how it's been in different Bitcoin circles.

[Asiska02]

So, what if Bitcoin suddenly collapses, will altcoin also follow in Bitcoin's footsteps?? Show strong reasons why you think so!

Bitcoin is the first cryptocurrency and from its inception it has stands out amongst the rest of the cryptocurrencies till date. Every coin has their own peculiarities and what tends to trigger them in both directions. Generally, base on demand and supply of a coin has a significant influence in n its price. But bitcoins impact is always felt in this coins also and that is why during the bull and bear season of bitcoin, they immediately follow that trend irrespective of what tends to trigger that particular coin in time.

[Tribalchief]

So, what if Bitcoin suddenly collapses, will altcoin also follow in Bitcoin's footsteps?? Show strong reasons why you think so!

Interesting question here. It's true that we've associated Bitcoin with altcoin alot in the crypto space, and we've also attributed the price movement of Bitcoin to the price movement of altcoins as well. Well, I will say that if Bitcoin happens to collapse today, there is a very huge possibility that so many altcoins, if not all, will collapse as well.

The reason is because, whatever happens to Bitcoin is already enough cause to push people to selling any altcoin in their possession. And when the majority sells due to fear of what has happened to Bitcoin, then most altcoin might end up dead as well. No one will like to be on a losing side, so they will have to sell at that moment.

[bhadz]

Maybe a doomsday and when there's no internet for a year or two then that's very likely that the network of BTC will collapse and the alts will follow.
But are we going to see that? rich companies won't allow that to happen when they're running their cloud servers which means they require internet to continue their business operations, so it's true that it's unlikely to happen.

Yeah, it would mean the end of the World as we know it, basically

Yeah.
There's no other way that the entire internet will be stopped on that moment in result of stopping the whole bitcoin network. It is unlikely to happen but we are in the uncertain times and we will never know what's going to happen. Billionaires are even building their bunkers in preparation of what? seems like another war or maybe a doomsday.

[Cryptsafe]

OP, I think you should know that altcoin leverages on the existence of bitcoin and if bitcoin fails to exist, altcoin too fails to be valuable and as a matter of fact would go on extinction. What is the conviction that if bitcoin the father of cryptocurrency and with how  sophisticated it is, collapses,  all other crypto would still be in existence? the answer would be near to nothing because bitcoin was the first cryptocurrency to have existed and currently leading the crypto market in every aspect of it.

Bitcoin existence gives investors the confidence they have in investing in crypto  project and irrespective of the nature of the project, bitcoin has a strong superiority over them and if by any means anything happens to bitcoin, it affects the others because it is assume that for bitcoin with such a good reputation to shake, altcoin can likely not withstand it so they would prefer selling off than holding. This is the reason why you see that whenever bitcoin decline in price, it affects other cryptocurrencies.

[Prime]

Maybe a doomsday and when there's no internet for a year or two then that's very likely that the network of BTC will collapse and the alts will follow.
But are we going to see that? rich companies won't allow that to happen when they're running their cloud servers which means they require internet to continue their business operations, so it's true that it's unlikely to happen.

Yes, if not, how could the entire internet network in the world go down simultaneously if there was no extraordinary cause. Surely because there was an event that was so extraordinary that it made the world seem to collapse, a natural disaster that was really great and simultaneously destroyed the world's internet.

And if this happens, let alone thinking about Bitcoin assets, just thinking about being able to live might be very grateful because if this is a disaster and we can only focus on our lives, not on other things, but as long as we can still live and we feel grateful for it.

[Gposas]

With my little knowledge on Crypto assets, it is clear that anything that results in BTC fall either in any aspect thereby affecting it's price will simultaneously affect that of altcoins even more severely.
It is clear that BTC is the backbone of all Crypto assets and it is among the price determinants of Altcoins. BTC executes a vital role in the Crypto world and whenever you talk about Crypto to a layman, the first thing you hear is BTC.
BTC has been the King of assets in the Crypto world that there is none other to compare.
If anything happens to BTC or unfortunately terminates it's existence, there'll be no Altcoins to stand in place of it, if they would even be able to still exist without BTC.
In other words, it can be simply stated that whatsoever happens to BTC, will correspondingly have a great effect on Altcoins.

[Zed0X]

~
Some agree that the two are related, and some agree that the two have different concepts....

I'm wondering which group disagrees with this? Yeah different and better technology or utility as their marketers/shillers would usually say but deep in their thoughts, they still understand that BTC is the King. They are probably the same people who wants alts to decouple so bad but could not do much about bitcoin's grip on the entire crypto market.

[bayu7adi]

Interesting question here. It's true that we've associated Bitcoin with altcoin alot in the crypto space, and we've also attributed the price movement of Bitcoin to the price movement of altcoins as well. Well, I will say that if Bitcoin happens to collapse today, there is a very huge possibility that so many altcoins, if not all, will collapse as well.

The reason is because, whatever happens to Bitcoin is already enough cause to push people to selling any altcoin in their possession. And when the majority sells due to fear of what has happened to Bitcoin, then most altcoin might end up dead as well. No one will like to be on a losing side, so they will have to sell at that moment.

It can be concluded that the existence of Bitcoin is truly a definite reference for the entire cryptocurrency ecosystem... there may be an exception for USDT or some stable coins, because maybe that will be the last coin as a place for everyone to exchange it into FIAT...

Everyone here does not want this nightmare to happen, just Bitcoin is still standing, I think that is something enough for us to be proud of, even though the price sometimes fluctuates and does not match what we expect.

[densus88]

Interesting question here. It's true that we've associated Bitcoin with altcoin alot in the crypto space, and we've also attributed the price movement of Bitcoin to the price movement of altcoins as well. Well, I will say that if Bitcoin happens to collapse today, there is a very huge possibility that so many altcoins, if not all, will collapse as well.

The reason is because, whatever happens to Bitcoin is already enough cause to push people to selling any altcoin in their possession. And when the majority sells due to fear of what has happened to Bitcoin, then most altcoin might end up dead as well. No one will like to be on a losing side, so they will have to sell at that moment.

It can be concluded that the existence of Bitcoin is truly a definite reference for the entire cryptocurrency ecosystem... there may be an exception for USDT or some stable coins, because maybe that will be the last coin as a place for everyone to exchange it into FIAT...

Everyone here does not want this nightmare to happen, just Bitcoin is still standing, I think that is something enough for us to be proud of, even though the price sometimes fluctuates and does not match what we expect.

Bitcoin is relatively stable for me and has always been a reference in investing in crypto. I never thought bitcoin would collapse, because when bitcoin collapses, altcoins will likely also plunge. And discussing stable coins, I only use USD when the market is down, I will save my crypto assets and convert them to stable coins.

[Cryptsafe]

Interesting question here. It's true that we've associated Bitcoin with altcoin alot in the crypto space, and we've also attributed the price movement of Bitcoin to the price movement of altcoins as well. Well, I will say that if Bitcoin happens to collapse today, there is a very huge possibility that so many altcoins, if not all, will collapse as well.

The reason is because, whatever happens to Bitcoin is already enough cause to push people to selling any altcoin in their possession. And when the majority sells due to fear of what has happened to Bitcoin, then most altcoin might end up dead as well. No one will like to be on a losing side, so they will have to sell at that moment.

It can be concluded that the existence of Bitcoin is truly a definite reference for the entire cryptocurrency ecosystem... there may be an exception for USDT or some stable coins, because maybe that will be the last coin as a place for everyone to exchange it into FIAT...

Everyone here does not want this nightmare to happen, just Bitcoin is still standing, I think that is something enough for us to be proud of, even though the price sometimes fluctuates and does not match what we expect.

USDT are digital dollar backed token or coin and as such are not affected because they are stable coin and pegged at a particular price different form the rest of the other digital token or coin.

The thought or idea of bitcoin crashing or going into extinct is what we can not afford to face because there would be lots of commotion everywhere as to what and why such is happening all of a sudden.  It is better not thought of than seeing it happen.

[saprakib]

We always associate bitcoin and altcoin every day, because these two elements are what fill the cryptocurrency space into a very colorful space...

Some agree that the two are related, and some agree that the two have different concepts....

So, what if Bitcoin suddenly collapses, will altcoin also follow in Bitcoin's footsteps?? Show strong reasons why you think so!

Firstly, crypto market is always an uncertain place. Anything can happen on market. Its true that many people has different concept but i think that if btc crash altcoin also follow the way. Btc always lead tge market. Some are think that if btc on stable altcoin might follow its way but i think mostly its not happen. If crypto market has negative news it will impact to all the project. Nevertheless as i said crypto is uncertain field we can face anything happen here,What we do we can jist predict nothing else.