Topic: What will happen to altcoin prices this summer? (Read 725 times)
Alts with no ongoing innovation will continue their slide downwards, as there is simply not enough capital to 'float all boats', especially 'old boats' that just copycat Bitcoin. New capital will not pour into this market until more Cyprus events take place, only a trickle of new money is coming to this market now, hence competition will get even more fierce for these crumbs, and innovation in one or two alts will truely make them shine by the end of 2014. Many will see that happen in a few months and the deck of winners will be reshuffled. Bitcoin will not go above $1000 in 2014. In 2015 bail-ins should start to occur on a noticeable scale and new capital will be rushing into cryptos, hard to predict what happens then.
What do you think will happen to altcoin prices this summer? A large amount of Bitcoins are going to be auctioned off. What do you think will happen to altcoin prices against BTC when this happens? What will altcoin prices be like at the end of July and the end of August?
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