Post
Topic
Board Speculation (Altcoins)
Re: What will happen to alts if Bitcoin crashes back to $5000?
by
CarnagexD
on 24/10/2019, 16:52:40 UTC
I don't think many alts would recover against Bitcoin if this happens and so they will crash even more. Some solid alts with good liquidity like Litecoin may recover but most won't recover in my opinion. Thoughts? Undecided
Even bitcoin crash back to 5000$ some of the good altcoins will remain at its current price. Try to look at the coinmarketcap you can only see bitcoin experience dump price while the other cryptocurrencies experience rising prices. If bitcoin will totally crash back at the price of 5,000$ or below on that price maybe some altcoin will also suffer because some of them are paired with bitcoin. Lastly, if this thing totally happens it might have a hard time to recover and it still hard to predict if on the coming halving bitcoin will recover its price.