If Bitcoin collapses, will Altcoins too?

[vegasus]

in my opinion if one day BTC will fall and stop, then other altcoins will also experience the same thing, because people will lose confidence in cryptocurrencies
but now, maybe it will be impossible for BTC to experience bankruptcy and fall. because btc itself has taken the hearts of most people and its popularity has spread widely, so that investors and important people have taken many benefits from crypto currency so that it will be difficult for BTC to collapse in the future.
not to mention that times are getting more modern so people will switch from currency. traditional money to digital currency

Yes, because the crypto benchmark is Bitcoin, people's trust in Bitcoin represents crypto, so if Bitcoin collapses, then trust in altcoins, let alone, will be even worse. Now we can see how Bitcoin has affected us, so far, so far, if the price of Bitcoin falls, then it is very likely that altcoins will also experience the same thing.

but yes, once again, it is unknown when it will happen and hopefully it will not happen. with supply and also investors everywhere globally, while the world is getting more modern and sophisticated in technology, maybe it will be difficult to happen.

[36B]

in my opinion if one day BTC will fall and stop, then other altcoins will also experience the same thing, because people will lose confidence in cryptocurrencies
but now, maybe it will be impossible for BTC to experience bankruptcy and fall. because btc itself has taken the hearts of most people and its popularity has spread widely, so that investors and important people have taken many benefits from crypto currency so that it will be difficult for BTC to collapse in the future.
not to mention that times are getting more modern so people will switch from currency. traditional money to digital currency

Yes, because the crypto benchmark is Bitcoin, people's trust in Bitcoin represents crypto, so if Bitcoin collapses, then trust in altcoins, let alone, will be even worse. Now we can see how Bitcoin has affected us, so far, so far, if the price of Bitcoin falls, then it is very likely that altcoins will also experience the same thing.

but yes, once again, it is unknown when it will happen and hopefully it will not happen. with supply and also investors everywhere globally, while the world is getting more modern and sophisticated in technology, maybe it will be difficult to happen.

This should not be argued since there is no dispute that Bitcoin plays a critical role on all existing cryptocurrencies and the outlook people have towards Bitcoin is the same that they have towards cryptocurrencies. However, one must also bear in mind that in the future due to advancement in the blockchain technology and further development of altcoins it can be seen that some altcoins start to act less dependent on the movement of Bitcoin. Despite these risks, with the advancement of the use of the technology and with global investors increasing, a total collapse in not possible. Companies just have to be aware of the existing conditions and trends in the market and in technologies.

[Hatchy]

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!

Collapse in what sense? Bitcoin can experience some draw down due to certain market forces but I won't want to use the term collapse as to me it's not going to be possible. Right now with the speed at which Bitcoin is being adopted, the number of investors flowing into the market has actually built a strong hold for the Bitcoin market. We also know very well that Bitcoin is more like a king when it comes to cryptocurrency. And when it experience some major dips, other altcoins will also do same. So yes altcoins tend to follow it's footsteps sometimes and also when Bitcoin is bullish we see same movement from altcoins.

[royalRitta]

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!

Collapse in what sense? Bitcoin can experience some draw down due to certain market forces but I won't want to use the term collapse as to me it's not going to be possible. Right now with the speed at which Bitcoin is being adopted, the number of investors flowing into the market has actually built a strong hold for the Bitcoin market. We also know very well that Bitcoin is more like a king when it comes to cryptocurrency. And when it experience some major dips, other altcoins will also do same. So yes altcoins tend to follow it's footsteps sometimes and also when Bitcoin is bullish we see same movement from altcoins.

I would call it a big correction because BTC is too big to "collapse" in the sense of other coins dying down completely.
That's my view on it too - the market would be losing too much without a strong BTC.

[debra]

I would call it a big correction because BTC is too big to "collapse" in the sense of other coins dying down completely.
That's my view on it too - the market would be losing too much without a strong BTC.

Yes, it is more possible to have a big correction in Bitcoin price than to see the end of Bitcoin. I agree that Bitcoin is too big thing to collapse. Although it is not impossible, but I am sure it is unlikely to see the collapse of Bitcoin. Moreover, Bitcoin looks more popular among the people in the world. Many people Bitcoin is the best investment in this bad world economic condition. How can something like this to collapse? It seems very unlikely.

[Mr. Magkaisa]

         -      Since Bitcoin is also a type of crypto asset, it is the No. 1 among other cryptocurrencies. If there is something that will collapse, it won't be bitcoin right away;
I can believe that other cryptocurrencies will collapse right away.

Then what will be the main reason for the collapse of Bitcoin? OP didn't specify the reason why it would collapse. Now if I look at it literally, it is no different from the leader of a country that has a President and a Vice President, where if the President is gone, the one who follows the President will automatically be the one who follows the President. Maybe the same is true of the status or standing of the top altcoins in the market.

[doc]

I would call it a big correction because BTC is too big to "collapse" in the sense of other coins dying down completely.
That's my view on it too - the market would be losing too much without a strong BTC.

Yes, it is more possible to have a big correction in Bitcoin price than to see the end of Bitcoin. I agree that Bitcoin is too big thing to collapse. Although it is not impossible, but I am sure it is unlikely to see the collapse of Bitcoin. Moreover, Bitcoin looks more popular among the people in the world. Many people Bitcoin is the best investment in this bad world economic condition. How can something like this to collapse? It seems very unlikely.

It seems that in the next 5 to 10 years, bitcoin is still strong and unlikely to collapse, but we don't know what will happen to bitcoin in the next 20 years, is it still popular? or will there be a bitcoin replacement coin in the future.
but we shouldn't think too long because we can still get benefits to hold bitcoin for the next 10 years, that's according to my prediction.

[Celph]

Certainly,altcoin would too.
Since bitcoin is the first and most established cryptocurrency,it basically influences the whole market.See it as a web chain, when the price of bitcoin fluctuates,other cryptocurrencies follow also.If the price goes down,other cryptocurrencies too are likely to depreciate same as when the coin appreciates too.

[rizqillah]

I would call it a big correction because BTC is too big to "collapse" in the sense of other coins dying down completely.
That's my view on it too - the market would be losing too much without a strong BTC.

Yes, it is more possible to have a big correction in Bitcoin price than to see the end of Bitcoin. I agree that Bitcoin is too big thing to collapse. Although it is not impossible, but I am sure it is unlikely to see the collapse of Bitcoin. Moreover, Bitcoin looks more popular among the people in the world. Many people Bitcoin is the best investment in this bad world economic condition. How can something like this to collapse? It seems very unlikely.

It seems that in the next 5 to 10 years, bitcoin is still strong and unlikely to collapse, but we don't know what will happen to bitcoin in the next 20 years, is it still popular? or will there be a bitcoin replacement coin in the future.
but we shouldn't think too long because we can still get benefits to hold bitcoin for the next 10 years, that's according to my prediction.

Maybe what you predicted is right, bitcoin will survive for the next 10 years and currently there is no coin that can replace bitcoin's position, but everything can change if there is a change in the market and there is a new coin that has greater potential than bitcoin, but the possibility of that happening is quite small because bitcoin's popularity is difficult to replace.

[Tribalchief]

Maybe what you predicted is right, bitcoin will survive for the next 10 years and currently there is no coin that can replace bitcoin's position, but everything can change if there is a change in the market and there is a new coin that has greater potential than bitcoin, but the possibility of that happening is quite small because bitcoin's popularity is difficult to replace.

And I think that's why we have altcoins, which are the alternatives of Bitcoin. Altcoin was probably the best word to describe anything outside Bitcoin, so if another coin comes out that supposedly have a greater potential (which I'm not certain of) than Bitcoin, it will still be regarded as an altcoin. Bitcoin has earned it's place (no.1 spot) in the crypto community, and I believe even founders of other popular crypto can't deny that.

[MRY]

I would call it a big correction because BTC is too big to "collapse" in the sense of other coins dying down completely.
That's my view on it too - the market would be losing too much without a strong BTC.

Yes, it is more possible to have a big correction in Bitcoin price than to see the end of Bitcoin. I agree that Bitcoin is too big thing to collapse. Although it is not impossible, but I am sure it is unlikely to see the collapse of Bitcoin. Moreover, Bitcoin looks more popular among the people in the world. Many people Bitcoin is the best investment in this bad world economic condition. How can something like this to collapse? It seems very unlikely.

It seems that in the next 5 to 10 years, bitcoin is still strong and unlikely to collapse, but we don't know what will happen to bitcoin in the next 20 years, is it still popular? or will there be a bitcoin replacement coin in the future.
but we shouldn't think too long because we can still get benefits to hold bitcoin for the next 10 years, that's according to my prediction.

Maybe what you predicted is right, bitcoin will survive for the next 10 years and currently there is no coin that can replace bitcoin's position, but everything can change if there is a change in the market and there is a new coin that has greater potential than bitcoin, but the possibility of that happening is quite small because bitcoin's popularity is difficult to replace.

I think, We can also remember that as long as Bitcoin currently occupies a leading position, it is not guaranteed that it will maintain this position in the future. Change is a continuous process in the world of technology, and many latest projects in the crypto world are introducing features that may shift the market. Another disadvantage of using bitcoins is that newer, quicker, easier, and more entertaining digital currencies might be developed into the future and more people will use them. As we remember from our previous sections, crypto market is highly volatile, and the experience of past years may demonstrate the tendency shift. Therefore, given that, today the Bitcoin is more popular than ever, it is entirely plausible that in the next decade there will be another coin that will be able to challenge and potentially even outcompete Bitcoin’s impact. Only time will tell.

[nakmantu99]

And I think that's why we have altcoins, which are the alternatives of Bitcoin. Altcoin was probably the best word to describe anything outside Bitcoin, so if another coin comes out that supposedly have a greater potential (which I'm not certain of) than Bitcoin, it will still be regarded as an altcoin. Bitcoin has earned it's place (no.1 spot) in the crypto community, and I believe even founders of other popular crypto can't deny that.

Coins other than bitcoin are altcoins, and from the beginning of investing in crypto understand that. Bitcoin remains the number one coin and the king of all coins in crypto.
commenting if bitcoin collapses it seems like altcoins will still be around and we will see what the strongest altcoin will be that will replace bitcoin.

[enwi]

And I think that's why we have altcoins, which are the alternatives of Bitcoin. Altcoin was probably the best word to describe anything outside Bitcoin, so if another coin comes out that supposedly have a greater potential (which I'm not certain of) than Bitcoin, it will still be regarded as an altcoin. Bitcoin has earned it's place (no.1 spot) in the crypto community, and I believe even founders of other popular crypto can't deny that.

Coins other than bitcoin are altcoins, and from the beginning of investing in crypto understand that. Bitcoin remains the number one coin and the king of all coins in crypto.
commenting if bitcoin collapses it seems like altcoins will still be around and we will see what the strongest altcoin will be that will replace bitcoin.

Bitcoin is dominant in the crypto market, both by setting the precedent and demonstrating immense power. Nevertheless, altcoins have the possibility to develop into individual single coin and to shine when Bitcoin feels the pressure or declines on the opposite direction. That is why, in a situation where BTC ceases being dominant or even disappears, it is the altcoins, based on a sound concept, technological genius, and a zealously faithful community, that are capable of surviving. For instance, Ether shines well in smart contracts and has an ecosystem that underpins dApps, and this adds its own utility outside the possibility of making more money. Other altcoins that are becoming popular include Cardano, Solana, Polkadot with the common feature of being faster, and with efficient solutions in issues of scalability and interoperability of networks.

Another issue is that regardless of its collapses altcoins remain very resistant and many of them are still tied to Bitcoin large market cap and its dominating story. A possible Bitcoin crash is likely to add more fluctuations in altcoins, which can be linked in many ways to Bitcoin as most altcoins set their intrinsic value against Bitcoin and most investors and financial institutions still equate the cryptoeconomy’s credibility to Bitcoin. Thus the performance of altcoins in displacing Bitcoin as the chief market leader depends on their capacity to develop sustained ecosystems and form credible trust.

[Celph]

Bitcoin is considered THE market leader in crypto. If it collapses, it can trigger panic selling. Crypto owners may sell off their altcoins, too. I think altcoins with strong technology, active #DevelopmentTeam s, and real-world use cases may survive. Their prices may take a nosedive, but they could recover.

I do think they all will lose most of their charm for investors, though I think this "apocalyptic" type of scenario is very unlikely.
And, as you said - some, of course, will live on, albeit in a new reality with less confidence and funds in the crypto overall.

Very unlikely?
I disagree strongly to that comrade.when the price of bitcoin drops in the market,altcoin prices follow too while rropping by mayb 5-15 % or more even.This scenario is literally likely to happen anytime the bitcoin market has a shake not excluding all most other cryptocurrencies if not all.Reason that the crypto market ideally serves as a role model to other digital currencies.Inbrstors most times analyse the bitcoin market before making investment decisions and choice while investing in other cryptocurrencies.

[luckyledger]

Bitcoin is considered THE market leader in crypto. If it collapses, it can trigger panic selling. Crypto owners may sell off their altcoins, too. I think altcoins with strong technology, active #DevelopmentTeam s, and real-world use cases may survive. Their prices may take a nosedive, but they could recover.

I do think they all will lose most of their charm for investors, though I think this "apocalyptic" type of scenario is very unlikely.
And, as you said - some, of course, will live on, albeit in a new reality with less confidence and funds in the crypto overall.

Very unlikely?
I disagree strongly to that comrade.when the price of bitcoin drops in the market,altcoin prices follow too while rropping by mayb 5-15 % or more even.This scenario is literally likely to happen anytime the bitcoin market has a shake not excluding all most other cryptocurrencies if not all.Reason that the crypto market ideally serves as a role model to other digital currencies.Inbrstors most times analyse the bitcoin market before making investment decisions and choice while investing in other cryptocurrencies.

Why would BTC drop to such downs? 
That's why I don't see it happening.
Alts will fluctuate even more, you are right. But BTC is a corner stone that probably wouldn't be "collapsing" any time soon.