Post
Topic
Board Speculation
Re: If btc-> $0 overnight, what will short + long term impact on altcoin prices be?
by
HydroThunder
on 13/01/2016, 23:18:33 UTC
@thread
You speculate for both positive and negative possibilities. This prepares you for whatever is thrown your way. You can set a plan in the (however unlikely) event that something does go awry. NEVER, not even for one second, assume that Bitcoin is immune to outside threats, NEVER! After all, it is just a computer program that was written by some guy, which uses an encryption algo that was written by some other guy at some agency. Windows, Linux and OSX are also written by some guy and none of them, even with dispensable amounts of capital, are flawless.

Surprised that no one has called you a troll yet. I agree, as great as I think BTC is, something could always happen. If Bitcoin collapsed somehow overnight, I don't think we would enter an age of Litecoin or any other coin. Rather we would see a fragmentation of the market sort of like smartphones (which are now slowly becoming less diverse/experimental & all of them have similar features)