If Bitcoin collapses, will Altcoins too?

[bayu7adi]

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.

can't we also make the opposite version?? where when Ethereum turns out to have high interest until its price soars, it turns out that the price of BTC tends to be quiet... that means if the inflow on altcoin is greater than Bitcoin, what happens is ALTSEASON where the price of BTC tends to be opposite to the price of Altcoin...

I can say that for Bitcoin it can also be like that, if only the attention of most cryptocurrency investors is focused on Bitcoin, most likely, migration can also occur from Altcoin investors to become BTC investors... here the prices are opposite, and altcoin cannot be said to be completely dependent on BTC at this moment.

[Dr.Bitcoin_Strange]

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

While that may be true, we should also take note of certain exceptions, it's true that other digital currencies rely on the performance of Bitcoin, and if Bitcoin is to go down, surely it'll affect the performance of other cryptocurrencies. But I think there are a few coins that may have exceptions, examples are those tokens that are pegged to a country's native current, like the USD Tether which is pegged to the US Dollar, and the performance of this token is dependent on the performance of the US dollar and not Bitcoin, so even if Bitcoin is to go down, I believe it'll have little or no effect on the price of USDT.

[Fivestar4everMVP]

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!

Altcoins are supposed to be independent from bitcoin, and this simply means that, if bitcoin collapsed, the Altcoin market is supposed to keep standing strong.
But unfortunately, the crypto market is still relatively young and the Altcoin market is still very much dependent on bitcoin and it's growth.

As it stands now, if bitcoin collapse, the Altcoin market will likely collapse too, atleast for some time before notable developers will starting rebuilding their projects to see if there is any way they can revive the project without the presence of bitcoin.

The major reason why I think that the Altcoin market will also collapse is because, bitcoin is still dominating the entire crypto market, and it's the most trusted crypto currency. If bitcoin collapse, it will be catastrophic because, 95 percent of those currently in crypto, even several prospective crypto investors will lose their complete trust on crypto, you will hear people say things like, "if a whole bitcoin can collapse, then crypto assets aren't to be trusted again", and this includes Altcoins.

[enoch_from_off]

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.

can't we also make the opposite version?? where when Ethereum turns out to have high interest until its price soars, it turns out that the price of BTC tends to be quiet... that means if the inflow on altcoin is greater than Bitcoin, what happens is ALTSEASON where the price of BTC tends to be opposite to the price of Altcoin...

I can say that for Bitcoin it can also be like that, if only the attention of most cryptocurrency investors is focused on Bitcoin, most likely, migration can also occur from Altcoin investors to become BTC investors... here the prices are opposite, and altcoin cannot be said to be completely dependent on BTC at this moment.

It's a yin-yang situation of sorts, capital flows from alts to BTC and vice versa, you are totally right - if one doesn't get enough attention, then the other sure does get it from everybody involved.
They are both in the same market and affect each other, as it was said, BTC is the bastion of crypto.

[Rubel007]

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!

Since the discovery of Bitcoin, various types of coins have emerged. Bitcoin is the only digital currency that is fully decentralized and the cryptocurrency with the largest market capitalization in the cryptocurrency market. That is why the impact of this coin is more than other coins. Other coins generally depend on this coin to monitor market conditions. When Bitcoin decreases as the price of other coins decreases. If the Bitcoin price increases, the price of other coins also increases. Bitcoin has trading pairs with other coins and the liquidity of this coin is much higher than others so all coins are normally depend on this coin.

[jeraldskie11]

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!

I don't think if Bitcoin value turns to zero is what you really mean. But base on my experiences in the chart, the price movement of altcoins is influenced by Bitcoin. When Bitcoin goes up, altcoins will follow. This doesn't mean that altcoins and Bitcoin have the same chart, it's because they have different volatilities. However, it will never happen the price of Bitcoin will turn to zero.

[gunhell16]

The only thing I know about the movement of Bitcoin is that it is also the movement of other top altcoins in the market. Now to the OP's question, if Bitcoin is going to collapse, the question is, has Bitcoin really collapsed?

Then second, what is the reason for the collapse of Bitcoin? And if it ever really collapses, I don't think the majority of the top altcoins will also collapse if Bitcoin ever collapses, just in my opinion.

[ajiz138]

The only thing I know about the movement of Bitcoin is that it is also the movement of other top altcoins in the market. Now to the OP's question, if Bitcoin is going to collapse, the question is, has Bitcoin really collapsed?

Then second, what is the reason for the collapse of Bitcoin? And if it ever really collapses, I don't think the majority of the top altcoins will also collapse if Bitcoin ever collapses, just in my opinion.

Altcoin movements always follow bitcoin movements, assuming that then the answer should be known to us. But this is just a question that I personally do not see bitcoin collapsing.

Even now bitcoin has more enthusiasts, many people have switched to choosing to invest in bitcoin, so this is something very good. especially since we all believe in the potential of bitcoin.

[0t3p0t]

No doubt if Bitcoin collapses then Altcoins will crash. Though there is a hogher chance that an Altcoin will slowly recover and will be the investors new bet and they are willing to support that specific Altcoin though not as Bitcoins replacement but could be investors new favorite as an investment that if Bitcoin collapses.

[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

While that may be true, we should also take note of certain exceptions, it's true that other digital currencies rely on the performance of Bitcoin, and if Bitcoin is to go down, surely it'll affect the performance of other cryptocurrencies. But I think there are a few coins that may have exceptions, examples are those tokens that are pegged to a country's native current, like the USD Tether which is pegged to the US Dollar, and the performance of this token is dependent on the performance of the US dollar and not Bitcoin, so even if Bitcoin is to go down, I believe it'll have little or no effect on the price of USDT.

I think USDT is not an altcoin but a stablecoin, so even if BTC goes down it won't affect it, even if btc  is worth 0 one day USDT will remain at its value because it doesn't affect Bitcoin.

[Sukii]

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!

Well in my honest opinion I believe that if Bitcoin suddenly collapses altcoin will also collapses as well
One is due to the fact that Bitcoin is the most popular Bitcoin and it basically holds a little above 50% in cryptocurrency market so if it fails people will definitely loose trust in other cryptocurrencies and begin to withdraw for them
And aside that the market performance of altcoin is slightly influenced by Bitcoins performance so if it crashes there's a high probability of altcoin crashing as well

[Hatchy]

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

I guess you meant to say if the market experiences a dip? If yes then that's correct. Bitcoin remains the king of the crypto market and most times we see how other coins falls dip whenever Bitcoins price drops and not all of them are able to recover even when we are back in the blues. Well there's not must relationship between Bitcoin and other altcoins as Bitcoin provides a much more trusted system than most altcoins. A trusted system in the sense that I can hold for a very long period of time without bothering about the dips. But I won't even think about trying that with altcoins.

[nakmantu99]

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!

Well in my honest opinion I believe that if Bitcoin suddenly collapses altcoin will also collapses as well
One is due to the fact that Bitcoin is the most popular Bitcoin and it basically holds a little above 50% in cryptocurrency market so if it fails people will definitely loose trust in other cryptocurrencies and begin to withdraw for them
And aside that the market performance of altcoin is slightly influenced by Bitcoins performance so if it crashes there's a high probability of altcoin crashing as well

If bitcoin collapses I think altcoin will also collapse and it will take a long time for altcoin to rise again, because so far altcoin has always followed bitcoin, but if one day there is a coin that replaces bitcoin as the king of crypto, the possibility will be different. but until now bitcoin is still the king, so it will be the center of crypto currency.

[ZAINmalik75]

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!

I think altcoin will follow bitcoin but to some limit as according to my information shared by one of my local community members that bitcoin did drop to a few thousand dollars on one exchange due to high selling or low liquidity problems but it came back to normal price quickly did not cause a huge dump and panic the exchange was not a famous one that's why.

So if bitcoin collapses on big exchanges and the news spread like fire the alts will also dump and eventually most of them will be zero but the ones with real use cases might stay longer in the market but the chances for such a collapse are lesser.

[alltalk]

Bitcoin is like the main coin in crypto industry. If Bitcoin will crash, there should be big impacts on altcoins. However, will altcoins dissapear if Bitcoin disappears? I think there is a chance that altcoins will stay although it is not a big chance. We can't deny that Bitcoin has a big role in crypto, but altcoins don't fully rely on Bitcoin for their future. Each coin has their own way, has their own function, and has their own advantages. I don't think altcoins have no power to exist when there is no longer Bitcoin in crypto industry.

IMO