Post
Topic
Board Speculation (Altcoins)
Re: Altcoins to go crazy again once Bitcoin reaches 20k?
by
Questat
on 23/12/2019, 23:43:20 UTC
I'm worried as well. The Litecoin halving in August showed a surge prior to halving (thanks to speculators anticipating a halving effect) and then the price collapsed.
That's because people don't trust altcoins for long term, after the hype, the smart money are transferring their money to bitcoin which is the strongest in the market. Buy the rumors sell the news, that's the strategy that is effective in times like this.


I'm not sure at all that any rise in the bitcoin price will be sustained. And I'm not sure alts will surge either (last time people thought they were investing in the "next bitcoin" but by now they've wised up).
The only way altcoins wills surge is when bitcoin will be close to its ATH or surpass it, the hype will start and then it will continue like the last bull run.
By next year, there's a bitcoin halving, probably that would help to increase the price of bitcoin and altcoins will follow.
Though it's not guaranteed but we are always hopeful with that big change.