Can altcoins be independent?

[Morrower]

All currencies in the world depend on something - the same thing takes place with crypto. It' almost impossible for it to be fully independent as it is the process how the market live on the whole.

[masudginanjar]

I think it is possible if bitcoin is used by many users, but maybe it also takes a long time.
Because all altcoins now always follow the price of Bitcoin.

[expander]

I can't answer it exactly. Even though in fact, the Bitcoin Market greatly affects Altcoin, but Altcoin itself will be able to be independent as long as it can break the connection with Bitcoin, which is currently unstable. It would be good for Altcoin if Altcoin can be independent and run its own market without the influence of other coins in the Crypto world.

[ComeBack]

Yeah,  It will be really hard for the altcoin to be independent because they are following the bitcoin. Bitcoin is now all altcoins primary currency that's why they will keep following it's price. But I think maybe in near future they can be independent without their mother btc.

[sijampang]

Bitcoin has become the main crypto currency used by all other crypto currencies. That does not mean that Altcoin depends entirely on it but it functions as a unit of measurement because there must be a standard used for all measurements.

[sampoerna]

Can. Provided Bitcoin can go and not return. With that Altcoin is no longer dependent on Bitcoin and the Altcoin market can be free from influence on the Bitcoin market. On the other hand, Altcoin will be flooded with new users coming from Bitcoin and it is very profitable.

[Keyboard PC]

yes of course it can happen we all just wait for time to be like that. altcoin will be able to make itself have its own network.

[yousufatik20]

Now it’s changed most of the altcoin traded using different fair most famous are usdt and ether after bitcoin even binance added bnb so now altcoins value not completely lately dependent on bitcoin. Even some coins having their own blockchain sbd better solution than bitcoin . More over some exchanges introducing fiat trading option for altcoins this may change Whole perception of altcoins.

[bdsharminsoltana]

Absolutely, Any altcoins can be independent without depending on bitcoins for its price or value. Alternative currencies derive its value from what the project is meant for. A gaming coin, can get it price from the demand of the coins to play a game, and if there is a limited supply of that coins and more people demand that coins for gaming, the price will increase without bitcoins having no effect on it.

[debra]

Can. Altcoins can be independent if Bitcoin disappears. If at present it is very unlikely that Altcoin can be independent because Bitcoin still exists. And that's because Bitcoin greatly affects the state of the Altcoin market. If Altcoin succeeds independently, it will be good because many investors will enter each day.

[TERMINO]

Actually altcoins can survive without bitcoin. However, we are all oriented about the system that bitcoin is the source of altcoins or the backbone of the market.

[marshmellow]

The possibility of altcoin can stand alone is rather difficult. Because the highest trust is obtained from bitcoin as the king of crypto. Even about price, bitcoin has a strong influence on the value of altcoins.

[waitingforday]

Independent from that? Bitcoin? Not right now for sure. Price of any coin depends on interest of people, if coin is hyped then price go up, when hype goes down with the price

[Jaguar]

I guess it won't be. Bitcoin leads the market which is the very advantage to bring the  entire land to wherever it goes. Bitcoin directed the flow that altcoins cannot resist. Altcoins will become independent once bitcoin was confirmed dead.

[pacar_tiri]

Bitcoin’s value does indeed affect the price of all altcoins since BTC/AltCoin trading pairs are the most commonly used and is usually the standard go to exchange pair on all cryptocurrency exchanges. So can Altcoin break all the relationship from bitcoin and run as a independent currency.

I think when the demand of altcoin is so high. The price of altcoins will independent and more stable.