Quote from: SchemerDreamer on April 30, 2016, 10:23:24 PM

roach, I've seen many of your posts and you seem like a very smart dude. But to say the bottom will drop out of the alt market bc btc is halving seems a little short sighted.. I mean who knows, you may be right but looking back to '12 the last time btc halved and went up ridiculously.. didin't ltc come along for the ride? i believe it apprectated more than btc.. maybe ltc halved then too, idk but it seems like alot of alts come along for the btc ride just because Cheesy

When you look at markets like Eth and see how it's controlled by literally one single guy moving 100-150 BTC buy walls around, you have the very definition of a greater fool market. Do you think that guy is going to exist forever? Either he will lure others into his scheme until he doesn't have to do it anymore and "crowd fund" others to support it, or he's going to stop propping it up and the thing implodes. The market either has to go up or down in a big way and it's already far overextended in the first place. They're likely raising it right now solely to try and find momentum traders to unload on before BTC halving.

Most altcoins don't have such blatant economic centralization, but many of the current big ones like Eth and Factom might as well be a guy in his house moving around numbers on his personal spreadsheet. The only reason they haven't seen an atomic bomb go off is because they're praying they can attract some new, greater fool contestents post-BTC halving. When the entire Bologniex market moves like an index now, propping those things up is a difficult thing to do. Any rise on BTC is black death misery on alts.

FYI: I will likely rebrand this thread as "Alt Market Observer" or something post-halving since there's not many people on the forum people trust to not moderate their posts, lock the thread, delete the thread, etc.