If Bitcoin collapses, will Altcoins too?

[Hyphen(-)]

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

Despite the fact that Altcoins are centralized and some people are there to claim the ownership of of the project, they have no full control over its price movement which only bitcoin and the current trend can determine.
If Bitcoin collapse as you are saying, then altcoins will also follow suit because Bitcoin is like their pillar that determine their value. Bitcoin can not fall completely, but if it happens, that means it is the end of cryptocurrency in general because no one will value anything cryptocurrency again.

[Tribalchief]

~snip

Despite the fact that Altcoins are centralized and some people are there to claim the ownership of of the project, they have no full control over its price movement which only bitcoin and the current trend can determine.
If Bitcoin collapse as you are saying, then altcoins will also follow suit because Bitcoin is like their pillar that determine their value. Bitcoin can not fall completely, but if it happens, that means it is the end of cryptocurrency in general because no one will value anything cryptocurrency again.

Exactly. Bitcoin happens to be the most popular among all with a massive market cap and adoption rate. Even those people who are not into crypto might have possibly heard of Bitcoin, which shows how popular and influential it has been, and can be to the other cryptocurrencies that are available in the market. If anything goes wrong(which we don't hope for), then it's a game over for project founders.

[bounceback]

Despite the fact that Altcoins are centralized and some people are there to claim the ownership of of the project, they have no full control over its price movement which only bitcoin and the current trend can determine.
If Bitcoin collapse as you are saying, then altcoins will also follow suit because Bitcoin is like their pillar that determine their value. Bitcoin can not fall completely, but if it happens, that means it is the end of cryptocurrency in general because no one will value anything cryptocurrency again.

If bad possibility for bitcoin get collapses not doubt the era or cryptocurrency have been over and altcoin will following with bad happening to bitcoin. Easily example when bitcoin correction easily for altcoin how dump drastically and can't imagine bitcoin collapses not sure yet how many altcoin left keep existing.
Altcoin price always following with bitcoin and we can easily for predicting if bitcoin collapses or not have values any more how bad possibility for altcoin? wish the bad possibility with bitcoin collapses not really happening yet because many people depend their income from cryptocurrency.

[Gurujebs]

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!

I will assume you are new to crypto else this is not a question to ask, it's not even a debate but something everyone has observed already with crypto market. A move up of Bitcoin price is a move up of altcoins but not most of the time, but if Bitcoin cough today, many altcoins will catch cold and fall because Bitcoin control all of them.

Today that news was announced that Iran and Israel are sending bomb to each other, we can see the price or Bitcoin nuke and many altcoins ar bleeding already and reacting to the news. If Bitcoin didn't move, no altcoins will suffer this bit because Bitcoin control all of them is the reason why.

[rizqillah]

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!

I will assume you are new to crypto else this is not a question to ask, it's not even a debate but something everyone has observed already with crypto market. A move up of Bitcoin price is a move up of altcoins but not most of the time, but if Bitcoin cough today, many altcoins will catch cold and fall because Bitcoin control all of them.

Today that news was announced that Iran and Israel are sending bomb to each other, we can see the price or Bitcoin nuke and many altcoins ar bleeding already and reacting to the news. If Bitcoin didn't move, no altcoins will suffer this bit because Bitcoin control all of them is the reason why.

Bitcoin price is always a reference for altcoin, because bitcoin is always king. Hearing news about the war between Iran and Israel will certainly affect the global economy, and hopefully it will not be a bad thing and make this cycle fail due to global economic conditions.

[bayu7adi]

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!

I will assume you are new to crypto else this is not a question to ask, it's not even a debate but something everyone has observed already with crypto market. A move up of Bitcoin price is a move up of altcoins but not most of the time, but if Bitcoin cough today, many altcoins will catch cold and fall because Bitcoin control all of them.

But there are some altcoins that are completely unaffected by Bitcoin... like the recent events, where the conflict between Iran and Israel turned out to make the Bitcoin market experience a little shock, but some altcoins, especially meme coins experienced movements in the opposite direction to Bitcoin. Many coins are red, but there are still some that are green too... meaning there are some points where the reason Bitcoin experiences price movements, does not affect some altcoins...

For real proof, please compare it yourself on cmc or coingecko,,you will find some there

[Cryptsafe]

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!

I will assume you are new to crypto else this is not a question to ask, it's not even a debate but something everyone has observed already with crypto market. A move up of Bitcoin price is a move up of altcoins but not most of the time, but if Bitcoin cough today, many altcoins will catch cold and fall because Bitcoin control all of them.

But there are some altcoins that are completely unaffected by Bitcoin... like the recent events, where the conflict between Iran and Israel turned out to make the Bitcoin market experience a little shock, but some altcoins, especially meme coins experienced movements in the opposite direction to Bitcoin. Many coins are red, but there are still some that are green too... meaning there are some points where the reason Bitcoin experiences price movements, does not affect some altcoins...

For real proof, please compare it yourself on cmc or coingecko,,you will find some there

From your analysis, I could say that altcoin in general is not that popular as Bitcoin because anything that has a global effect on the economy affects Bitcoin which of course is what we are currently seeing right now. Altcoin can be affected when the pressure is beyond the normal market scope in either a positive or negative direction. Memes have no utility value unlike others and I would not be surprised if the current situation has no effect on it because nothing is attached to it to add more value to its existence.

[Findingnemo]

As of today, if we assume that bitcoin is going down zero for whatever reason then I am 100% sure that it will be the end of altcoins too because they are depend on bitcoin and any movement on the price has immediate effect so if it comes cease to exist then it will be the same for dependants too but in the next 5 or 10 years things might have change and who knows there will be some coin that can overtake the bitcoin in terms of adoption.

[LogitechMouse]

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

Yes, and when I mean yes, I mean the effect will be felt worldwide almost immediately.
A sudden collapse of Bitcoin will make massive fear towards the investors and this will cause a chain reaction towards them, and they will just immediately sell their altcoins even though at a loss just to be out and still have some money. We know that most of the altcoin's price movement depends on Bitcoin so if Bitcoin goes down, it will drag most if not all altcoins.

Realistically speaking, will this ever happen? There still a chance, but I believe if there will still be people that will support, use and buy Bitcoin, I don't think that this will happen.

[JISAN]

Bitcoin is the first cryptocurrency coin and holds a market cap of trillions of dollars due to which if Bitcoin collapses it will have a huge negative effect on the entire crypto industry. and then if the price of Bitcoin goes down by 5% then other altcoins go down by 15 to 20 percent. so if ever bitcoin collapses or the price of bitcoin completely crashes then the entire crypto . industry will collapse. not only that, but most of the altcoins will be completely destroyed then

[pieppiep]

As of today, if we assume that bitcoin is going down zero for whatever reason then I am 100% sure that it will be the end of altcoins too because they are depend on bitcoin and any movement on the price has immediate effect so if it comes cease to exist then it will be the same for dependants too but in the next 5 or 10 years things might have change and who knows there will be some coin that can overtake the bitcoin in terms of adoption.

Indeed, we must took that cryptocurrency is now dominated by Bitcoin as a leading virtual currency. Bitcoin’s price defines or influences almost every other altcoin in some or the other manner. If Bitcoin collapses to zero, it will wipe out the confidence of the market in all other digital tokens and is the largest financial calamity to have ever occurred to it, let alone altcoins. It is because, as the original establishment is the market leader in the crypto industry, people associate Bitcoin with reliability. Since most altcoins rely on anticipation and additional technologies built on the blockchain, the widespread largely depends on Bitcoin, and its collapse maybe fatal to the entire market as well.

We cannot rule out such changes that might happen in the future all together. The crypto market is also fluctuating, andBlockchain technology is also evolving. Perhaps there will be other coins that could dethrone Bitcoin as it happens now, but with nicer features if they exist or more effective solutions. Such as coins with lower transaction fees, even better scalability or even stronger institutional backing.

[MUGNIA]

I say yes, if bitcoin collapses then altcoin will also collapse, where as we know altcoin relies on the price of btc if the price of btc is worthless then there will be no hope if altcoin still has value, this is my old thinking if one parent business that is the benchmark/or center loses control and collapses then surely the ones below will also collapse

[Rruchi man]

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

Some people may not like to accept that the collapse of Bitcoin will really affect cryptocurrency in general, but I have the opinion that if Bitcoin were to collapse, the trust that people have in cryptocurrency in general will be affected, and because this trust is affected, it will be extended towards other cryptocurrencies because people will no longer believe or trust in it as something to invest in or to focus on as the one claimed to be the most reliable has failed. If bitcoin collapses, cryptocurrency will go down with it, even if not immediately.

[kai]

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!

As far as I know, Bitcoin is the native coin of all altcoins, all Bitcoin steps between up and down are certainly followed by changes owned by altcoins.
This morning I saw local news that Bitcoin went up all altcoins went up too but when Bitcoin went down then all altcoins went down including Ethereum which dropped more than Bitcoin went down. This evidence is very strong if Bitcoin collapses too then all altcoins will collapse, I speak like this because there is evidence from local news on Telegram.

[albon]

Most altcoins are traded for bitcoin which means you can only buy or sell them using bitcoin. You can usually observe the same action on the altcoin price chart when the price of bitcoin falls. Moreover, since the price of altcoins is below bitcoin the dumping of bitcoin causes a crash in the altcoins market. However, there are many strong altcoins whose dumping charts are less visible. But since Bitcoin has an independent holder, it won't easily collapse. We don't identify with this issue today because it has been proven several times that the result of dumping of bitcoin goes directly to the altcoins market.