Hi all!
With bitcoin flying to the moon, a lot of people expected a (huge) crash. In perspective of other crashes, how will the price of altcoins react when bitcoins drops to say $6.000? Will altcoin go up or down?
Bitcoin is the pack leader so if bitcoin prices drop then we should expect all other altcoins to be affected but some altcoins will appreciate in value because they are pegged to bitcoin price and a weaking bitcoin means a more power alt but then again it all depends on how investors react to this phenomenon.