Will Halving of BTC affect other Altcoins?

crazywack

legendary

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Quote from: addias on June 30, 2016, 12:40:11 PM

The halving is just a few days around the corner. What are you positioned in? I am holding BTC and Waves.

My goal 6-8 month ago was to get out of ALL my alts before halving just in case. Didn't end up that way. I'm still heavily into a few but that's ok.

addias

sr. member

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The halving is just a few days around the corner. What are you positioned in? I am holding BTC and Waves.

crazywack

legendary

Activity: 1148

Merit: 1000

I remember the last halving coins having no business being around (like most now) were all green. My first alt was zeta coin and it went 7x around then....

Now I would think that they hedge against eachother. Alts down when Bitcoin up, and vise versa.

Harlot

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Quote from: freshman777 on June 30, 2016, 02:05:53 AM

Quote from: addias on June 29, 2016, 11:38:18 PM

I think the normal BTC effect will happen. If BTC goes up then Alt coins go down (vice versa).

So you are saying Alts prices won't follow the growth of BTC? Hahaha but mining them is still profitable. I hope after halving the prices will just be steady.

The normal effect in the past:
BTC goes up, alts go down; BTC stops going up or goes down, alts halt or go down.

The normal effect today:
BTC goes up, alts slightly go down waiting for BTC to stop going up to jump much higher than they were at the beginning of the cycle. Rinse and repeat.

I talk about some of the top 10-20 alts.

freshman777

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Quote from: addias on June 29, 2016, 11:38:18 PM

I think the normal BTC effect will happen. If BTC goes up then Alt coins go down (vice versa).

The normal effect in the past:
BTC goes up, alts go down; BTC stops going up or goes down, alts halt or go down.

The normal effect today:
BTC goes up, alts slightly go down waiting for BTC to stop going up to jump much higher than they were at the beginning of the cycle. Rinse and repeat.

I talk about some of the top 10-20 alts.

Harlot

hero member

Activity: 1806

Merit: 672

Quote from: addias on June 29, 2016, 11:38:18 PM

I think the normal BTC effect will happen. If BTC goes up then Alt coins go down (vice versa).

Maybe but when you look at what's happening right now. People/ Miners are mining Ethereum and Litecoin. Maybe it's their back up when BTC goes down.

addias

sr. member

Activity: 244

Merit: 250

I think the normal BTC effect will happen. If BTC goes up then Alt coins go down (vice versa).

Harlot

hero member

Activity: 1806

Merit: 672

What kind of effect do you see on the prices or demand for other Cryptocurrency after the Halving of BTC? Will you mine other Altcoins?

Topic: Will Halving of BTC affect other Altcoins? (Read 538 times)