If Bitcoin collapses, will Altcoins too?

[JISAN]

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

Bitcoin is the first cryptocurrency coin and almost all popular coins have trading pairs with it, which is one of the reasons why altcoins fall with the price of Bitcoin. And there are other reasons that when the price of Bitcoin falls, most investors fear that the market may crash, which is why they convert their investments into straddle coins, which is why there is a volatility in the entire crypto market.  And the prices of all coins keep falling. Because everyone believes that if Bitcoin falls then other coins will not be able to survive in the market

[kai]

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.

For the word "ALTSEASON" I think I've heard it but I've never felt it at that time. Mostly for now I see that Bitcoin is a native coin that gives a very strong effect to altcoins, the price of altcoins depends on the price of Bitcoin.
Btw, I want to ask you, when will this "ALTSEASON" happen? Is there a special scenario for this "ALTSEASON"?

[rizqillah]

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

Bitcoin is the first cryptocurrency coin and almost all popular coins have trading pairs with it, which is one of the reasons why altcoins fall with the price of Bitcoin. And there are other reasons that when the price of Bitcoin falls, most investors fear that the market may crash, which is why they convert their investments into straddle coins, which is why there is a volatility in the entire crypto market.  And the prices of all coins keep falling. Because everyone believes that if Bitcoin falls then other coins will not be able to survive in the market

Of course, if the price of bitcoin falls, the price of altcoins will also fall, that's a fact we always see. and when the price of bitcoin rises, altcoins rise again. Bitcoin is the king, because all coins always follow bitcoin in the crypto market.

[Dr.Bitcoin_Strange]

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.

Yes I’m fully aware of the fact that USDT is a stablecoin, but still, I prefer to classify any coin that’s not Bitcoin to be under altcoins because USDT is still a digital currency that’s pegged to the United States Dollars. And yeah, even if Bitcoin drops to zero (which isn’t possible) the price of USDT would still not be affected.

[satpol_PP]

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.

Yes I’m fully aware of the fact that USDT is a stablecoin, but still, I prefer to classify any coin that’s not Bitcoin to be under altcoins because USDT is still a digital currency that’s pegged to the United States Dollars. And yeah, even if Bitcoin drops to zero (which isn’t possible) the price of USDT would still not be affected.

USDT is always an option when bitcoin and altcoins are down. I also agree if you say USDT is an altcoin because altcoins are coins other than bitcoin even though they are stable coins because there is no provision that says stable coins are not altcoins.

[bayu7adi]

Yes I’m fully aware of the fact that USDT is a stablecoin, but still, I prefer to classify any coin that’s not Bitcoin to be under altcoins because USDT is still a digital currency that’s pegged to the United States Dollars. And yeah, even if Bitcoin drops to zero (which isn’t possible) the price of USDT would still not be affected.

USDT is always an option when bitcoin and altcoins are down. I also agree if you say USDT is an altcoin because altcoins are coins other than bitcoin even though they are stable coins because there is no provision that says stable coins are not altcoins.

We can say that USDT is an altcoin with a stable price when paired with USD... the thing that is behind USDT is USD, that's why its value will always be more ideal for 1:1... because if we buy USDT at a price that is more expensive than 1 USD, it certainly makes us lose more, because the price of USDT does experience small volatility, maybe only up and down 1 cent...

ALTSEASON will also not affect USDT too significantly, so it is true that USDT is an altcoin that is equivalent to USD FIAT.

[jay_edwards]

Bitcoin is very mandatory for the market. So, no doubts, its collapse will cause similar processes with other coins, especially with those, which don't have any real value

[enoch_from_off]

Bitcoin is very mandatory for the market. So, no doubts, its collapse will cause similar processes with other coins, especially with those, which don't have any real value

Naturally. The market would have plummeted down the hill if such a thing would have happened. But I don't see that even as a possibility, because BTC is too credible and big for such a thing to happen to it.

[Dr.Bitcoin_Strange]

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.

Yes I’m fully aware of the fact that USDT is a stablecoin, but still, I prefer to classify any coin that’s not Bitcoin to be under altcoins because USDT is still a digital currency that’s pegged to the United States Dollars. And yeah, even if Bitcoin drops to zero (which isn’t possible) the price of USDT would still not be affected.

USDT is always an option when bitcoin and altcoins are down. I also agree if you say USDT is an altcoin because altcoins are coins other than bitcoin even though they are stable coins because there is no provision that says stable coins are not altcoins.

Yes and one thing about these type of altcoins is that, while other altcoins are uncertain and highly volatile, it's serves as a safe haven for investors during times when the market is highly volatile, even for a few Bitcoin investors are wish to avoid a potential dip, it can allow them to temporarily exit Bitcoin by keeping their funds on a stablecoin while still monitoring the market's performance. And when they perceive a possible green light in the market, they can go back to investing on Bitcoin.

[enoch_from_off]

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.

Yes I’m fully aware of the fact that USDT is a stablecoin, but still, I prefer to classify any coin that’s not Bitcoin to be under altcoins because USDT is still a digital currency that’s pegged to the United States Dollars. And yeah, even if Bitcoin drops to zero (which isn’t possible) the price of USDT would still not be affected.

USDT is always an option when bitcoin and altcoins are down. I also agree if you say USDT is an altcoin because altcoins are coins other than bitcoin even though they are stable coins because there is no provision that says stable coins are not altcoins.

Yes and one thing about these type of altcoins is that, while other altcoins are uncertain and highly volatile, it's serves as a safe haven for investors during times when the market is highly volatile, even for a few Bitcoin investors are wish to avoid a potential dip, it can allow them to temporarily exit Bitcoin by keeping their funds on a stablecoin while still monitoring the market's performance. And when they perceive a possible green light in the market, they can go back to investing on Bitcoin.

USDT can be a save pillow for some, and it's the king when you stake things both just on CEXes or on pools - because of the volatility not going crazy while you are doing it.
It's not a high-reward type of deal, but it's stable and always available for everybody.

[Sukii]

Bitcoin is very mandatory for the market. So, no doubts, its collapse will cause similar processes with other coins, especially with those, which don't have any real value

Is Bitcoin really mandatory
What if in the next few years Ethereum were to surpass Bitcoin for some reason ( I'm making an assumption)
Do you still think that the fall of Bitcoin will affect Ethereum

[Dr.Bitcoin_Strange]

USDT can be a save pillow for some, and it's the king when you stake things both just on CEXes or on pools - because of the volatility not going crazy while you are doing it.
It's not a high-reward type of deal, but it's stable and always available for everybody.

Due to USDT’s stable nature, it’s been considered to be a pretty attractive option for risk management, because it give investors the leverage against market volatility and dips. Not to talk about it’s acceptance, accessibility and availability which also makes it very convenient for investors to access and run to whenever they wish to liquidate any cryptocurrency.

Yes, it’s true that USDT doesn’t offer mouthwatering returns when staked like some other assets do, but at least it’s very stable and also provides a reliable reward.

[enoch_from_off]

USDT can be a save pillow for some, and it's the king when you stake things both just on CEXes or on pools - because of the volatility not going crazy while you are doing it.
It's not a high-reward type of deal, but it's stable and always available for everybody.

Due to USDT’s stable nature, it’s been considered to be a pretty attractive option for risk management, because it give investors the leverage against market volatility and dips. Not to talk about it’s acceptance, accessibility and availability which also makes it very convenient for investors to access and run to whenever they wish to liquidate any cryptocurrency.

Yes, it’s true that USDT doesn’t offer mouthwatering returns when staked like some other assets do, but at least it’s very stable and also provides a reliable reward.

I wish more people would think about it the same and the fact that it wouldn't bring that much profit in the long run. Overall, USDT can be spent on anything that's good for you in your own eyes, BTC, big alts, anything.
There are some pools with lucrative APYs, though they are more risky than just going on CEX or a DEX if you are scared for the assets to be stolen/frozen.

[MrSpasybo]

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!

At this point, if BTC encounters any issues, ALTs will also be significantly impacted. If BTC grows, ALTs will grow very strongly, and if BTC price drops significantly, ALTS price will be divided by 3 or 4 times compared to the current price, and even many projects will permanently disappear due to a lack of target market.

However, I think we don't need to worry too much about this risk right now, because BTC price has been supported at $60K and is ready to do something really great this Q4. We should be thinking about a new ATH instead of worrying about negative scenarios that are unlikely to happen.

[bitcoin-shark]

In my opinion unfortunately and i say unfortunately it is an unwritten rule of the crypto world almost all altcoins follow the trend of bitcoin as regards the market and value