Ah, The Big Short. Loved that movie.
So, what will happen?
Back in 2013 we had Mt.Gox running on fractional/damaged reserve, so there had been more BTC available in trades than BTC total in existance and it did not matter because there was money inflow from the outsides. This year is more solid regarding those issues, just completely isolated market.
Nobody invests into BTC or mining equipment anymore. When did you bought ASICs valued 10.000 USD last time? Aren't those USD you now use to buy BTC just been taken from former BTC sales?
Some Alt sites like Cryptsy, Mintpal have bitten the dust. Dunno if that matters.
Bitcoin cannot do without Alts, both built up a complete whole economy. Remember people are not buying/selling anything using BTC, they just gamble on Alts. Basically I do agree on BTC up causing Alts going down and vice verse. Enclosed system like two water tanks with a flexible tube connecting them.
I agree the two go hand in hand. Since alt coins are really the biggest thing you can purchase with BTC, I think the halving will be more of a non event. But yes I do agree a lot of miners mining BTC will go silent. Thus making BTC even more valuable. The smaller miners will then be forced to sell there equipment at very low prices or mine new alt coins that come to market.
Crypto as a community needs to become stronger.
