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Title: Bitcoin:Alt ratio will be like the Gold:Silver Ratio Post by: jehst on July 15, 2015, 12:51:19 AM During a full crypto bull market, money will rush into altcoins and Bitcoin:Alt ratio might go to 70:30 (70% of total cryptocurrency market cap in bitcoin)
When confidence in cryptocurrencies plummet, the ratio may go to 98:2 This ratio might be something that you can trade. Buy altcoins when confidence in cryptocurrencies is low. Sell altcoins during crypto bull markets. Title: Re: Bitcoin:Alt ratio will be like the Gold:Silver Ratio Post by: unusualfacts30 on July 15, 2015, 06:35:33 AM there are certain crypto that don't rely on bitcoin for their progress but majority of them go down when bitcoin price dump.
Title: Re: Bitcoin:Alt ratio will be like the Gold:Silver Ratio Post by: e-coinomist on July 15, 2015, 06:56:06 AM Would not http://en.wikipedia.org/wiki/Gresham%27s_law apply on a Bimetallism market setup?
Vastly depends upon altcoin acceptance inside nieche shops even, to be accepted as payment. Just imagine, more acceptance as a payment should move Bitcoin into beeing the reserve currency that people pile up. Just like it is, now. Title: Re: Bitcoin:Alt ratio will be like the Gold:Silver Ratio Post by: Ingatqhvq on July 15, 2015, 09:43:44 AM During a full crypto bull market, money will rush into altcoins and Bitcoin:Alt ratio might go to 70:30 (70% of total cryptocurrency market cap in bitcoin) we don't need sliver. that's the point. so the ratio can't be as you say.When confidence in cryptocurrencies plummet, the ratio may go to 98:2 This ratio might be something that you can trade. Buy altcoins when confidence in cryptocurrencies is low. Sell altcoins during crypto bull markets. Title: Re: Bitcoin:Alt ratio will be like the Gold:Silver Ratio Post by: kelsey on July 15, 2015, 09:53:40 AM we don't need sliver. that's the point. so the ratio can't be as you say. not that your statement makes any sense in the context of OP's post, but in anycase we kinda do need silver, in fact its way more important in industry then gold. Title: Re: Bitcoin:Alt ratio will be like the Gold:Silver Ratio Post by: NorrisK on July 15, 2015, 09:59:39 AM During a full crypto bull market, money will rush into altcoins and Bitcoin:Alt ratio might go to 70:30 (70% of total cryptocurrency market cap in bitcoin) When confidence in cryptocurrencies plummet, the ratio may go to 98:2 This ratio might be something that you can trade. Buy altcoins when confidence in cryptocurrencies is low. Sell altcoins during crypto bull markets. I guess you are right.. When bitcoin lost about 6x value compared to ath, even established coins like litecoin have dropped about 30x.. Title: Re: Bitcoin:Alt ratio will be like the Gold:Silver Ratio Post by: jehst on July 15, 2015, 06:10:36 PM Would not http://en.wikipedia.org/wiki/Gresham%27s_law apply on a Bimetallism market setup? Vastly depends upon altcoin acceptance inside nieche shops even, to be accepted as payment. Just imagine, more acceptance as a payment should move Bitcoin into beeing the reserve currency that people pile up. Just like it is, now. I'm not talking about shops or payments. I'm talking about speculation. Look at LTC, PPC, NMC, etc.'s price during cryptobooms. April 2013. November 2013. Altcoins all go up during cryptobooms. You just can't buy completely garbage altcoins that die after 1 month. Title: Re: Bitcoin:Alt ratio will be like the Gold:Silver Ratio Post by: Searing on July 16, 2015, 12:16:27 AM Would not http://en.wikipedia.org/wiki/Gresham%27s_law apply on a Bimetallism market setup? Vastly depends upon altcoin acceptance inside nieche shops even, to be accepted as payment. Just imagine, more acceptance as a payment should move Bitcoin into beeing the reserve currency that people pile up. Just like it is, now. I'm not talking about shops or payments. I'm talking about speculation. Look at LTC, PPC, NMC, etc.'s price during cryptobooms. April 2013. November 2013. Altcoins all go up during cryptobooms. You just can't buy completely garbage altcoins that die after 1 month. As a person who has 3000 LTC yet ...I resemble the above remarks (sigh) ...be warned I probably 'jinx'd' the works don't ya know...but the way things are looking now might be bitcoin halving 2016 for the next ride on the ferry...not sure if I need another 'ferry ride' seems I get sea sick a lot and want to jump off the LTC boat most of the trip.....not pleasant ...but I take your point as being 'kinda' valid in a broad way (up to this point anyway) (this should clear the hoard of LTC out there when folk see I'm holding EVERYONE will bail....I always choose wrong.....you have been warned!) :) silly hobby :) |