Quote from: goaldigger on April 14, 2023, 03:31:14 PM

Quote from: lienfaye on April 14, 2023, 08:49:58 AM

Quote from: Charmekkd on March 11, 2023, 11:29:13 PM

we will not know for the price of bitcoin in the future, and I just want to know what you think, about the question this time that I will ask you all, namely..
what will happen to altcoins if btc price drops to 10 dollars?

It's likely the price of altcoins will also fall as most alts are influence by Bitcoin's price. So if the price of Bitcoin plunged to $10 then alts will also follow.

Anyway why did you ask? Do you think Bitcoin will drop to $10? With the current standing of Bitcoin now (adoption and increasing number of investors) I don't think the price will drop to such price. We don't know what lies ahead but i'm positive that there's still more to look forward.

If Bitcoin goes back to that price level, then I'm sure something is wrong with the economy and there's a crisis everywhere, in short it will be worst.
Altcoins still depend on Bitcoin, the market exposure of Bitcoin is still huge and that can totally affect he trend of altcoins. Let's think positive here and let's hope that we have this Bitcoin now where it can give us freedom, a real currency and not being controlled by any government, Bitcoin should not come back to this price level.

So when other cryptos crash, it has to do with the economy? I bet no. They crash because they experience a problem. Some crises can indirectly affect BTC making its value fell or became stable because people might not have a money on them and the only solution they can think of is their BTC but it does not lead to a point where BTC fall that low. I think that is because the crises are already solved.

People does not sit and wait but they also do an action to speed up their recovery. Alts can sometimes depend on BTC but there are times where they can go on their own too. We already have a BTC and it gives us a freedom the way we use it a currency. If you mean freedom in terms of profits. well you will need to buy and hodl hard for that.