Can altcoins be independent?

[kangug24]

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.

[aji678]

Almost altcoins have their base coin so its really hard for them to be independent. And regarding the pair thing I believe its not possible for a certain coin to be separated on their pair because it serves as their own value to make it easier for us to know their value.

[DiZEL]

Many exchanges already now add trading pairs with various fiat currencies - the dollar, ruble, hryvnia, etc., so your opinion that the altcoyins are tied to bitcoin is not entirely true. Another thing is that the bitcoin price sets the trend in the market, but this is only because half of all market capitalization is on it.

[ZionRTZ]

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 do not see that happening. I think that can only happen when bitcoin is dead but who knows, it all depends on the sentiment of the market.

[Fenix]

Many exchanges already now add trading pairs with various fiat currencies - the dollar, ruble, hryvnia, etc., so your opinion that the altcoyins are tied to bitcoin is not entirely true. Another thing is that the bitcoin price sets the trend in the market, but this is only because half of all market capitalization is on it.

Absolutely agree with you. Altkoins can already exist on their own at this stage. Trading pairs on exchangers are used for the convenience of transition to the more known crypto currency and fiat, not more. If the exchangers will establish a direct exchange of lesser known types of crypto currency into ordinary currency, it will be very good. This will greatly simplify the practical use of crypto currency.

[MelchiZedek]

Just like the US dollar, bitcoin has been the primary crypto currency that all other cryptocurrencies measure against it. That does not mean that the Altcoins depend entirely on it but it is serving as a unit of measurement since there must be a standard to use for all measurement. Sometimes fiat currencies, ethereum, tether, etc are used but as I said BTC is the primary one. It's very difficult to pinpoint with certainty how bitcoin price affects Altcoins though generally it does. Altcoins do not entirely depend on bitcoin for their survival, that means they can and are independent.

[ayatoslaw]

it could be, I'm sure ETH can beat bitcoin in the future, because eth already has a lot of investors behind it, and look, almost all new token projects use eth when doing ICO, even all I think. and we just wait until eth proves that.

[skjude001]

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 not all of altcoins could be independent.after all most of them were based off on Ethereum. thats why not all coins can survive on its own

[Dodo]

it is impossible for certain coins to be separated from their partners, because it serves as their own value to make it easier for us to know its value.
Almost altcoins have their base coins so it is very difficult for them to be independent.

[odaten360]

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.

Not at this point. As you have said, trading pairs are based on Bitcoin so its impossible for gets to get away from the shadow of Bitcoin. The only thing in can happen is that Bitcoin died, the price literally goes to zero. But we all know that's impossible so the correlation will continue as long as bitcoin exist.

[kaf]

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.

Bitcoin is the King of crypto currency, The bitcoin price affects the value of all crypto. I think altcoins can be independent when the demand of altcoins is high.

[bhm45]

It could be possible ,if crypto will still get strong for many years and get stabilized market. But for now,  altcoins still depending on bitcoin trend in the market as they have a strong tie up at this time.

[kenning]

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 believe that they willnot be able to be independent, what i see is that they are inter-related just like market is also control by what happened over the world and bitcoin is the world to altcoin.

[Iconic]

Altcoin can run as an independent currency without bitcoin. But in my opinion the price of the altcoin will always be based on bitcoin because bitcoin is the father of all coins.

[Nisa12]

I don't think Altcoin can stand on its own because the exit of the token or coin is paired and can find out how much the value of the token is in the market so that the treder is easier to run