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Title: What happens to Altcoins price if Bitcoin goes to the moon? Post by: Capt Drake on August 07, 2014, 03:55:05 PM I was thinking to myself what is going to happen what would be the price of Altcoins when the price of Bitcoin explodes.
1. The price of Altcoins/USD would go up as well, following the bitcoin price. 2. The price of Altcoins/USD will remain the same and every Altcoin would be much more cheaper pairing with BTC. 3. The price of Altcoins would be much more instable and more chaotic. If the number 2 is true then many altcoins will die in the process. I don't know, just speculating ;D Title: Re: What happens to Altcoins price if Bitcoin goes to the moon? Post by: BitcoinBobbeh on August 07, 2014, 04:03:56 PM This already happened.
Most altcoin prices went up because they are usually just traded against Bitcoin by people hoping for a profit. Then a bunch of new altcoins came along (Dogecoin being the most popular). Most of them offered nothing new, were gimmicky, or sucked, and faded into obscurity when Bitcoin mania wore off. It has happened before and may happen again. Altcoins are kind of a drag. Title: Re: What happens to Altcoins price if Bitcoin goes to the moon? Post by: Sindelar1938 on August 07, 2014, 04:18:05 PM The ones with defensible standalone dynamics will track btc
Others will remain unchanged or even possibly decline in value Title: Re: What happens to Altcoins price if Bitcoin goes to the moon? Post by: ArticMine on August 07, 2014, 04:32:37 PM The pattern for those alt-coins that have been around for a while is a sharp spike upwards in price when compared to BTC during a BTC boom. Here are some examples:
Litecoin: LTC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ltc-btc&market=btc-e (http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ltc-btc&market=btc-e) Namecoin: NMC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=nmc-btc&market=btc-e (http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=nmc-btc&market=btc-e) Peercoin: PPC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ppc-btc&market=btc-e (http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ppc-btc&market=btc-e) Dogecoin DOGE/BTC is really interesting here since it was launched right in the middle of a BTC boom. http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=doge-btc&market=cryptsy (http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=doge-btc&market=cryptsy) It is hard to see on the chart but this is a brutal bear market since its inception. The moral here is do not launch your alt in the middle of a BTC boom because in a few months it will look really awful. I would go as far as to say that skyrocketing alt-coin prices in terms of BTC can be an indicator of a BTC/USD top. The trick is finding the right alt-coin since the vast majority are totally worthless and only very few have a chance of doing anything, but there can be a play here. Title: Re: What happens to Altcoins price if Bitcoin goes to the moon? Post by: Nxtblg on August 07, 2014, 07:43:40 PM The pattern for those alt-coins that have been around for a while is a sharp spike upwards in price when compared to BTC during a BTC boom. Here are some examples: Litecoin: LTC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ltc-btc&market=btc-e (http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ltc-btc&market=btc-e) Namecoin: NMC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=nmc-btc&market=btc-e (http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=nmc-btc&market=btc-e) Peercoin: PPC/BTC http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ppc-btc&market=btc-e (http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=ppc-btc&market=btc-e) Dogecoin DOGE/BTC is really interesting here since it was launched right in the middle of a BTC boom. http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=doge-btc&market=cryptsy (http://www.cryptocoincharts.info/period-charts.php?period=alltime&resolution=day&pair=doge-btc&market=cryptsy) It is hard to see on the chart but this is a brutal bear market since its inception. The moral here is do not launch your alt in the middle of a BTC boom because in a few months it will look really awful. I would go as far as to say that skyrocketing alt-coin prices in terms of BTC can be an indicator of a BTC/USD top. The trick is finding the right alt-coin since the vast majority are totally worthless and only very few have a chance of doing anything, but there can be a play here. Thank you for your data mining. That pattern jibes with what I've seen in the gold part of the stock market: when gold's well down the bull track, the major producers go up, the juniors go up a lot, and the few exploration-level penny stocks that capture the punters' excitement explode. Same on the downside, too. '11-'12 saw the majors getting whacked, the juniors getting whomped, and all-out carnage in the exploration-penny subsector. I'm not kidding about the last. The pennies were hit so hard, the Venture Stock Exchange had to officially suspend a rule that prohibits secondary offerings by its listees whose stock price is below five cents. Yes, five cents. Had the Venture board not done so, a lot of viable exploration micros would have had to hire bankruptcy lawyers. I'm quite serious about this. Title: Re: What happens to Altcoins price if Bitcoin goes to the moon? Post by: Testing Crypto on August 07, 2014, 09:27:47 PM Good topic, with some great replies & insights.
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