<p>Yes, for the reason you gave firstly (because most exchanges only have BTC/alt markets not alt/fiat markets), but also because Bitcoin is the first, most well known, and longest standing currency. If its value dropped to near 0, that would be a reflection of public loss of faith in cryptocurrencies in general, not just bitcoin, Bitcoin basically represents all cryptocurrencies to laypeople and its death would likely coincide with the death of all other currencies.</p>

CC BY-SA 3.0
2018-01-11T03:50:28.393Z
what do you think about something like DENT coin. where you can use DENT coin to buy mobile data. How would bitcoin dropping affect that ? i see it continuing if bitcoin plunges.  because i can still use a DENT coin to buy mobile data.  what do you think  @Bitcoin071474 and @MeshCollider?
j2emanue
CC BY-SA 3.0
2018-01-11T03:29:56.587Z
2018-01-11T03:29:56.587Z
meshcollider
<p>Yes all altcoins would be affected but does not mean they would all go to zero. You can alwaus convert to etherum and still sell it. Wont happen though. Maybe it will drop but most likely will contimue to bounce up and down.</p>

CC BY-SA 3.0
2018-01-11T03:32:51.363Z
2018-01-11T03:32:51.363Z
Bitcoin071474
<p>If the value of bitcoin where to drop significantly to amost no value would altcoins be affected ?</p>

<p>i guess they would because usually we convert to BTC before cashing out into fiat but wanted other opinion. </p>

<exchange-rate>
if bitcoin plunges to $0 will altcoins be affected?
j2emanue
# if bitcoin plunges to $0 will altcoins be affected?

(Asked by: username_0 on 2018-01-11)

If the value of bitcoin where to drop significantly to amost no value would altcoins be affected ?

i guess they would because usually we convert to BTC before cashing out into fiat but wanted other opinion.

**Tags:** exchange-rate


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## 2 answers

### Answer by username_1 on 2018-01-11. Score: 1 | Accepted answer

Yes, for the reason you gave firstly (because most exchanges only have BTC/alt markets not alt/fiat markets), but also because Bitcoin is the first, most well known, and longest standing currency. If its value dropped to near 0, that would be a reflection of public loss of faith in cryptocurrencies in general, not just bitcoin, Bitcoin basically represents all cryptocurrencies to laypeople and its death would likely coincide with the death of all other currencies.

> **Comments:**
> **username_0**: what do you think about something like DENT coin. where you can use DENT coin to buy mobile data. How would bitcoin dropping affect that ? i see it continuing if bitcoin plunges.  because i can still use a DENT coin to buy mobile data.  what do you think  @username_2 and @MeshCollider?  

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### Answer by username_2 on 2018-01-11. Score: 1

Yes all altcoins would be affected but does not mean they would all go to zero. You can alwaus convert to etherum and still sell it. Wont happen though. Maybe it will drop but most likely will contimue to bounce up and down.


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