Post
Topic
Board Speculation (Altcoins)
Re: Altcoins to go crazy again once Bitcoin reaches 20k?
by
Omega Weapon
on 28/12/2019, 01:53:22 UTC

I am getting worried because a lot of people are expecting the halving is going to solve all the problems that bitcoin has to maintain its price, and that to me seems to be a big mistake, because I cannot stop thinking about the consequences that will come to the market if that doesn't happen, what will happen if the price does not increase after the halving? And I keep thinking that people are going to be so disappointed that many are going to get out of the market and that could create another crash.

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.

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).
At this point in time we have no option but to wait and see what the price of bitcoin is going to do at that time but I cannot stop but feel very uneasy about the whole situation because as you say if something similar happens to bitcoin as what happened to litecoin then that could be a disaster for bitcoin as people will panic and this could crash the price back to the levels that we saw at the beginning of 2019 and that is no good for the development of this market.