Quote from: VforVictory on April 11, 2013, 06:19:16 PM

Quote from: flound1129 on April 11, 2013, 05:26:52 PM

Quote from: Impaler on April 11, 2013, 02:54:14 AM

I must say the Pride-cometh-before-the-fall here is Epic.

I anticipate that BTC will in the following day or so stabilize at around half its peak value but then follow a gradual decline back into the 30-60 dollar level over a month or two. In other words we will see a broad replication of the July 2011 bubble and crash, simply from a higher base price. Now it's still very likely that BTC will in the long term stabilize at a price higher then what it had just before the bubble started in February, but this means that as in all bubbles people who came in late will have lost.

It will be interesting to see what happens to the alt-coins, will they fall in sync with BTC, or will their value be largely dis-connected from it. LTC logically has potential to be disconnected because of its differing hash, on the other hand it is also closer to BTC in being 'big' (well bigger then the other alts) so it might be effected by broad public perception of crypto-currency.

I'm hopefull that alts can start to emerge out of the shadow of BTC and that their will be a movement away from the mentality that BTC and it's original protocol was some kind of perfect thing handed down by a demi-god. But rather that the future is going to be a succession of one alt supplanting another in a potentially endless succession (or at the least keeping them from stagnating), the same standard we expect with any other piece of software.

This guy gets it. As far as the altcoins, it seems like LTC has stayed relatively stable vs. BTC and some of the others have increased.

I don't think any altcoin price will be substantially decoupled from BTC until it has widespread merchant support, which (imo) LTC is the closest to attaining right now.

I don't really consider gambling "Merchant support". X_x

I think that was the point. It might finally break the 0.02 conversion rate if there were more merchants using LTC than a couple gambling sites. BTC has slowly found some adoption, but LTC's utility is nearly non-existent save for some gambling and exchange to BTC.

avulhop

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