Post
Topic
Board Speculation (Altcoins)
Re: LISK price speculation
by
jay_pilch
on 26/04/2016, 02:10:04 UTC
Wonder what people think of most of the alts falling and how it will affect Lisk's price. Lisk speculation was quite tied to Ethereum, and now Ethereum is near its 1 month lows. I believe it will affect Lisk's price as well, pushing it down. I don't see the market changing significantly in the next week or so.

The wealth of cryptocurrency as a whole, is essentially dependent on $ turned into bitcoins. That being said, many experienced traders would hedge their bets, by reducing Ether stacks to have some Lisk coverage too unless if they participated in the Lisk ICO. Since Lisk is likely only traded for BTC, then traders will have to hold some Bitcoin.

That being said, it could also be due to Bitcoin halving, with the market predicting Bitcoin as undervalued. If it is because of Bitcoin halving, once markets reaches the true speculative price, then there will be movement back to Altcoin.