If Bitcoin collapses, will Altcoins too?

[Rubel007]

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.

That's what I always do in short-term investment, especially trading. I always analyze bitcoin and its movement in the market before I decide to enter a coin. Because for the short term we really have to make accurate analysis and predictions so that we can get maximum profit and the character of the crypto market is very volatile.

Of course, bitcoin price movement controls altcoins prices and that's why Bitcoin is the king and the rest are duplicates. Using bitcoin price movement to predict the performance of altcoin is good, just like now that we are waiting to see a new ATH is this bull run, there is a high chance of altcoins also following the uptrend of bitcoin price and profit can be made from them. But this depends on the type of coin, because not all altcoins will survive a dump.

Due to the abundance of altcoins, it is difficult to judge which coins are good and which are bad, and since Bitcoin is the first currency in this crypto space, the confidence that investors have in it is not possible anywhere else. Since Bitcoin's market cap is about half of the total crypto market, it is not unusual for the market momentum on this coin to fluctuate. It is not the case that the price of altcoins will increase when Bitcoin increases. The price of Bitcoin has been rising in recent times but the price of altcoins has not rise accordingly. However, the price of the crypto market fluctuates depending on the price of Bitcoin. All the good altcoins that exist depend on the price of Bitcoin. Moreover, it is easy to understand whether the market is bullish or bearish by observing the price of Bitcoin.

[Dr.Bitcoin_Strange]

All the good altcoins that exist depend on the price of Bitcoin. Moreover, it is easy to understand whether the market is bullish or bearish by observing the price of Bitcoin.

I’ve seen this in the likes of Ethereum, at least that’s the only altcoin I can confidently say it’s a good altcoin, not just because it’s the second cryptocurrency next to Bitcoin, but because of the potentials of the technology it’s built in. Same way Bitcoin makes use of the Blockchain technology, that’s how Ethereum makes use of the Smart Contract Technology and this technology also has lots of potentials and has also contributed immensely to the crypto community.
And I’ve observed that whenever Bitcoin is experiencing a downturn, it also automatically affects Ethereum too.

[Mr. Magkaisa]

bitcoin price is always the center for altcoin and altcoin always follows bitcoin price movement, that is the reality that we always see. Bitcin is king, so it is natural that almost all altcoins will follow bitcoin price movement.
If bitcoin collapses, chances are altcoin will follow it.

In all my years as a cryptocurrency marketer, there's never been a time that the change in price of Bitcoin have affected that of altcoins whether positive or negative movement. The same way the price of most of the altcoins increase when the price of Bitcoin increases is the same the price of altcoins are significantly reduced whenever Bitcoin suffers collapse. There' are reasons why Bitcoin is regarded as the mother coin and one of the reasons is that the crypto market moves whatever direction Bitcoin moves.

          -     If there is only one owner of Bitcoin and all altcoins, it is possible to say that all altcoins will collapse, but that is not the case with altcoins,
rather different developers owner of altcoins.

So, it means that even if this bitcoin collapses, there will still be people in this industry of the crypto market because there are also many types of blockchains
that have different crypto assets in this field of crypto business.

[Abubakar56]

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

If bitcoin collapses, then altcoins are also following bitcoin also, why I believe if bitcoin collapses, then altcoins are also going to collapse is that, whenever their is a crash in the market, you will notice if bitcoin starts dumping, other altcoins will also dump, and the percentage which they do use to dump is always more than that of bitcoin, their dump is always heavy, it’s always more than bitcoin dump, so just imagine bitcoin collapses, how will altcoins be able to survive that.

[pieppiep]

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

If bitcoin collapses, then altcoins are also following bitcoin also, why I believe if bitcoin collapses, then altcoins are also going to collapse is that, whenever their is a crash in the market, you will notice if bitcoin starts dumping, other altcoins will also dump, and the percentage which they do use to dump is always more than that of bitcoin, their dump is always heavy, it’s always more than bitcoin dump, so just imagine bitcoin collapses, how will altcoins be able to survive that.

Now we can understand that altcoins have become so entwined with Bitcoin that what happens to Bitcoin is usually magnified in altcoins. This goes to show that Bitcoin is an extremely relevant asset as the primary stabiliser in the crypto market.

Since for many altcoins the existence depends solely on the topic and popularity of Bitcoin they will be severely threatened if it really fails. If altcoins have very useful products, and there is a strong market demand for them, the prices of the altcoins will still be dragged down with the prices of Bitcoins. Unfortunately, the current reliance for crypto ecosystem still lies heavily in Bitcoin, hence the development of more independent forms of resilience in the future is crucial foraltcoins.

[summonerrk]

Influencers have been talking a lot about the alt season starting soon, but nothing has happened, except that BNB has gone up in price. It's surprising that there is such a low correlation between Bitcoin and altcoins.

[doc]

Influencers have been talking a lot about the alt season starting soon, but nothing has happened, except that BNB has gone up in price. It's surprising that there is such a low correlation between Bitcoin and altcoins.

I also observed that altcoins have not shown good performance in the crypto market, so the correlation between bitcoin and altcoins is still bad even though bitcoin prices are approaching ATH, but it seems like altcoin season has not arrived yet, maybe it will happen next year.
Bitcoin has always been the center but this week altcoins have had difficulty following bitcoin price movements in the market.

[Crypto Library]

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!

The crypto market and trading all thing are about buy and sell.
Now we already saw when bitcoin dump and for the bitcoin dominance how much dumped the altcoins are. And how much they are face struggling even bitcoin recover it self. So we can get an idea from this. If bitcoin how collapse what will never going to be happend even it's collapse then all altcoins will also collapse just becuase of the bitcoin dominance on the market. Like when bitcoin will collapse all peoples will also going to sell their coins an her those will also going to crash.

[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!

The crypto market and trading all thing are about buy and sell.
Now we already saw when bitcoin dump and for the bitcoin dominance how much dumped the altcoins are. And how much they are face struggling even bitcoin recover it self. So we can get an idea from this. If bitcoin how collapse what will never going to be happend even it's collapse then all altcoins will also collapse just becuase of the bitcoin dominance on the market. Like when bitcoin will collapse all peoples will also going to sell their coins an her those will also going to crash.

Bitcoin has always been the center and dominates the crypto market, as the king of crypto bitcoin is always followed by altcoin. If bitcoin collapses, it is likely that altcoin will follow it, but a kingdom will not collapse when its king dies there is a replacement, So if there is a coin that can replace bitcoin, it is likely that altcoin will still exist even though bitcoin collapses.

[Crypto Library]

Bitcoin has always been the center and dominates the crypto market, as the king of crypto bitcoin is always followed by altcoin. If bitcoin collapses, it is likely that altcoin will follow it, but a kingdom will not collapse when its king dies there is a replacement, So if there is a coin that can replace bitcoin, it is likely that altcoin will still exist even though bitcoin collapses.

Everything we say here is an imagine. And none of us can tell about the future, there is no doubt that Bitcoin will rule the world economy for the next 100 or 200 years. But in the future, there may be a better technology than Bitcoin. What I mean is that any technology can come better than cryptocurrency. Because people have always invented new technology and it is doing it continuously. However, I don't think we'll see that day alive. But there is no doubt that if Bitcoin ever collapses then the whole crypto industry will collapse.

[Ujok]

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

If bitcoin collapses, then altcoins are also following bitcoin also, why I believe if bitcoin collapses, then altcoins are also going to collapse is that, whenever their is a crash in the market, you will notice if bitcoin starts dumping, other altcoins will also dump, and the percentage which they do use to dump is always more than that of bitcoin, their dump is always heavy, it’s always more than bitcoin dump, so just imagine bitcoin collapses, how will altcoins be able to survive that.

I don't think so, because if bitcoin collapses then all coins will collapse, only coins with good quality and high technology will survive so that at that time the coins that are in demand by buyers will quickly recover in price and vice versa... we often see in the market when bitcoin experiences a decline then the price of all coins also falls and vice versa, therefore bitcoin is the coin that is the main head of all coins.

[NERFEDARTIST]

The way the crypto ecosystem is set up, altcoins would fall as well, because a lot of depends on the actions of BTC for momentum either upward or downward.

[satpol_PP]

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

If bitcoin collapses, then altcoins are also following bitcoin also, why I believe if bitcoin collapses, then altcoins are also going to collapse is that, whenever their is a crash in the market, you will notice if bitcoin starts dumping, other altcoins will also dump, and the percentage which they do use to dump is always more than that of bitcoin, their dump is always heavy, it’s always more than bitcoin dump, so just imagine bitcoin collapses, how will altcoins be able to survive that.

I don't think so, because if bitcoin collapses then all coins will collapse, only coins with good quality and high technology will survive so that at that time the coins that are in demand by buyers will quickly recover in price and vice versa... we often see in the market when bitcoin experiences a decline then the price of all coins also falls and vice versa, therefore bitcoin is the coin that is the main head of all coins.

I agree with you, only high-tech coins that are useful for users that recover quickly when bitcoin collapses will survive. But the majority of altcoins will collapse if that happens. Bitcoin will survive for the next 10 years, that's what many people estimate, maybe even more. So if you invest in bitcoin, I think it's still safe.

[Blaze]

Bitcoin has always been the center and dominates the crypto market, as the king of crypto bitcoin is always followed by altcoin. If bitcoin collapses, it is likely that altcoin will follow it, but a kingdom will not collapse when its king dies there is a replacement, So if there is a coin that can replace bitcoin, it is likely that altcoin will still exist even though bitcoin collapses.

If we look at Bitcoin today, it does bear a significant responsibility as the focus of the crypto market and is often seen as influencing nearly all the other coins, particularly the alts. Whenever the value of Bitcoin rises or falls, there exists increased propensity to result in a similar movement in the majority of other coins, which remains testimony to the extent of its dominance in the crypto space.

So far I have been researching, until now, there is still no altcoin with a solid technology base that is not only in a position to rely on the superior technology of Bitcoin but also has its own unique characteristics that can sustain itself after a Bitcoin crash, all other crypto currencies will inevitably be impacted by the sliding prices of Bitcoin.