Ninjastic
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Topic
Board Speculation (Altcoins)
Re: What will happen to alts if Bitcoin crashes back to $5000?
by
Fredomago
on 25/10/2019, 01:32:48 UTC
Quote from: Apened on October 25, 2019, 01:24:26 AM
Quote from: msg768 on September 05, 2019, 02:21:11 AM
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
I do think that it will depends on how bitcoin will gonna crash to 5k although its possible since we arein bearish again. If bitcoins will crash like crazy or just a slow movement after all.  Bitcoin slow movement will be a breath for some altcoins especially the solid coins or large marketcaps. unlike haveing big flash crash will result in a more bearish movement for the entire market considering its market dominance.
A flash crash will surely dragged everything down inside the crypto market knowing that majority of the pairs is consist of Bitcoin. The impact of quick crash will make everything to suffer alongside with each pairs who used this coin. Slow movements though will give free space for investors to think twice and carefully analyze what will be the next steps in order not to be stuck while bear season are dominating the whole market.