Post
Topic
Board Speculation (Altcoins)
Re: [XMR] Monero Speculation
by
rdnkjdi
on 09/04/2016, 22:51:50 UTC
I personally think anyone trading altcoins this close to BTC halving is insane, but that's just my opinion, man.

I think a lot of bitcoin speculators will be badly burned in July, as everyone seems so sure the price is going to increase with the halving. In reality, I expect the BTC price to plummet as miners abandon ship en masse.

I do agree with you, however, that the delusion will certainly steal some thunder from the alt scene (at least at first).



I would have agreed with you before I saw the rise of Ethereum with 50% of bitcoins volume and reaching 1/6th of it's market cap.  I'm not so sure that bitcoin can't go down at the same rate as alts go up under the right circumstances.