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Author Topic: What will happen to Altcoins on July 2016?  (Read 784 times)
KingZee
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December 30, 2015, 02:43:24 PM
 #1

As we all know the halving is coming up later on this year. Rewards for miners reduced to half, some might leave, making the supply rate for bitcoin decrease by a good amount. That should cause the value to increase, making the whole bitcoin economy bounce again.

But the question that I ask myself sometimes, is what will happen to altcoins by then? Would they follow bitcoin's chart, since the supply of bitcoin will lose speed, some miners will switch from mining bitcoin to altcoin, and interest in them would grow?

Or will the increase in value of bitcoin, cause a massive sell in most major altcoins, reducing their price proportionally to bitcoin's rise?
I would like to get your opinions if possible. Cheers!
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December 30, 2015, 03:40:19 PM
 #2

Who knows.  Just be prepared for anything when an altcoin trends up or trends down.


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BitcoinNational
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December 31, 2015, 05:15:11 AM
 #3

Yeah BTC halves.  Still dropping how many coins on the market every day for 4 years more?
Math that out Wink  

The only way BTC goes to the MOON loonie toonie again is if it becomes the replacement to the dollar, and that means central bankers from Beijing to Singapore to Zurich to DC start buying it out.

The market cap of BTC is just about right. BTC is a payment rail of about $40M-$129M per day.
Sure it might peg high again @ $12-25B but then it will just drift south for 3-4 years.

I hear $650 talking in the street, maybe.  Burn some to the MOON! noobs by runnin it back down 'hard' to test $180 supports.

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stoat
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December 31, 2015, 02:28:57 PM
 #4

Yeah BTC halves.  Still dropping how many coins on the market every day for 4 years more?
Math that out Wink  

The only way BTC goes to the MOON loonie toonie again is if it becomes the replacement to the dollar, and that means central bankers from Beijing to Singapore to Zurich to DC start buying it out.

The market cap of BTC is just about right. BTC is a payment rail of about $40M-$129M per day.
Sure it might peg high again @ $12-25B but then it will just drift south for 3-4 years.

I hear $650 talking in the street, maybe.  Burn some to the MOON! noobs by runnin it back down 'hard' to test $180 supports.

Runnin'?  Why do you type like a war boy from mad max?

0x8d1b4e41652eacec5715dc5c4833f6b713573de6 If you agree with me, please support a friend of mine in need.
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December 31, 2015, 04:45:35 PM
 #5

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WITNESS!!!

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BitcoinNational
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December 31, 2015, 04:51:13 PM
 #6

But about what happens to ALTs ... well the die off is hard and fast already ... if you don't have clue on the actually FLO of value already and are not currently positioned in the right flow channels then DINOSAUReX ... but by July? ... well the wise to wisdom of events are already wise to what happens NXT ... BTC will hit a high note then drop the BASS hard and low mos def ... so ALTs (still existent) are a safe harbor granted they know how to protect market cap in such situations.

YEAR 2015 signing off.

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December 31, 2015, 06:43:14 PM
 #7

If I'd be realistic I'd say the last of your three predictions would be the most probable. In the case BTCBTCBTC price would rise again sky-high like the last halving everyone would want a piece of the pie and hence cash out as BTCBTCBTCs. I mean everyone.

Perhaps then another altcoin bonanza like back in 2014 will happen.

Or will the increase in value of bitcoin, cause a massive sell in most major altcoins, reducing their price proportionally to bitcoin's rise?
I would like to get your opinions if possible. Cheers!

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December 31, 2015, 06:48:07 PM
 #8

Good question that makes for a good reflection. My point is that people will not leave altcoins because of the BTC price going up. I have noticed that, sometimes, a BTC price raises does not affect the price in BTC of some altcoins (which means that the alt also raises price).  Even with hundreds of altcoins at different prices, people do not get discouraged, so I think they will stay.

And yes, I think mining or staking altcoins will probably get a revival.

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December 31, 2015, 07:35:21 PM
 #9

i don't know what will happen with the BTC price. and i don't expect some direction neither.

what i expect is, that if BTC goes up, then a lot of ALTs will be sold just to sell the BTC afterwards. this happened at during the last bubble too.


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December 31, 2015, 08:33:17 PM
 #10

I don't know what will happen, but I think if altcoin prices drop I may try and time when I think BTC will peak and switch over all my BTCs to several different altcoins. That way when the price of bitcoin drops and levels off the price of altcoins hopefully will go back up, which would be a win win Cheesy.

Now if only that were true and I knew exactly what altcoins to invest in  Undecided

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January 01, 2016, 05:56:51 AM
 #11

Suppy and demand sometimes arent the only factors. BTC could go down. If it was guaranteed, we could all go all in.

So what will happen to alts? I think the rising complexity mixed with flirting with real world usage will continue to take hold

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