Some will, most won't. Traders will put money into BTC if it's shooting up, taking money out of the alt market.
I closed out my DOGE position completely over a week ago--the massive double top looked a little too ominous for my liking.
Topic: What would a sudden skyrocket of Bitcoin price do to other alt coins? - page 2. (Read 4471 times)
March 11, 2014, 08:15:02 PM
March 11, 2014, 07:55:25 PM
I've been pondering this myself, obviously a lot of people are just pumping and dumping coins just to be able to buy more Bitcoin and most coins will be dead within the year I predict. However I think there is still a future for a few interesting alts like Myriadcoin or Vertcoin for instance, and I plan to hold them for a rise in price. However if I do the math, if 1 Bitcoin alone were to skyrocket to say, 10k or even 100k, for the price of 1 Bitcoin now I stand to make more just investing in just one BTC than say 50,000 Myriadcoins if the market cap for these alts don't rise naturally with BTC. So which is the better buy in your opinion, Bitcoin, or if some alts DO survive will they naturally skyrocket WITH Bitcoin?
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