Quote from: aminorex on June 26, 2014, 04:11:24 PM

Quote from: statdude on June 26, 2014, 04:09:04 PM

whats the latest rate? current hash is 13,263,873.50

I get just under 0057. It seems likely that the current price can't last. Hot money will burn off eventually. But it will do so slowly, as all the alt markets are at low volume ebb while btc is depressed. Some speculate that when btc is depressed, alt traders tend to rotate into btc, in anticipation of rising btc costs. Given that alt trades are 99% using btc as numeraire, this seems utter folly to me, but that doesn't make it untrue. If true, they will lose quite a bit of value in the rotation process, on average.

What do you think will happen when BTC is at $10,000 per BTC to the alt coins? Will they still move at the same ratios? I am getting the feeling they might not due to perceived value but then again when you can buy an Alt coin with a strong network for a fraction of that, then perhaps they do move together. For comparisons sake XMR at .005 would equate to $50. Dark at .017 = $170.
And as time goes on I think many coins would be accepted. It will be "plug and play" as far as many websites are concerned. And who knows what happens once we have our AOL moment.

I do however think that when BTC really starts to move up in price we will see a CLEAR distinction between the #2-#5 coins (for example) and those lesser ones.
Something like XMR, if things continue well with development and eventual a GUI wallet for wider adoption, will be very catchy. Unfortunately some of the coins with
questionable pasts (e.g. Dark, Cryptcoin, etc.) might take off just on "name" along.

This is certainly going to get more and more interesting. Again, enjoy the ride fellas.

IAS