Will Halving of BTC affect other Altcoins?

[Harlot]

What kind of effect do you see on the prices or demand for other Cryptocurrency after the Halving of BTC? Will you mine other Altcoins?

[addias]

I think the normal BTC effect will happen. If BTC goes up then Alt coins go down (vice versa).

[Harlot]

I think the normal BTC effect will happen. If BTC goes up then Alt coins go down (vice versa).

Maybe but when you look at what's happening right now. People/ Miners are mining Ethereum and Litecoin. Maybe it's their back up when BTC goes down.

[freshman777]

I think the normal BTC effect will happen. If BTC goes up then Alt coins go down (vice versa).

The normal effect in the past:
BTC goes up, alts go down; BTC stops going up or goes down, alts halt or go down.

The normal effect today:
BTC goes up, alts slightly go down waiting for BTC to stop going up to jump much higher than they were at the beginning of the cycle. Rinse and repeat.

I talk about some of the top 10-20 alts.

[Harlot]

I think the normal BTC effect will happen. If BTC goes up then Alt coins go down (vice versa).

So you are saying Alts prices won't follow the growth of BTC?  Hahaha but mining them is still profitable. I hope after halving the prices will just be steady.

The normal effect in the past:
BTC goes up, alts go down; BTC stops going up or goes down, alts halt or go down.

The normal effect today:
BTC goes up, alts slightly go down waiting for BTC to stop going up to jump much higher than they were at the beginning of the cycle. Rinse and repeat.

I talk about some of the top 10-20 alts.

[crazywack]

I remember the last halving coins having no business being around (like most now) were all green. My first alt was zeta coin and it went 7x around then....

Now I would think that they hedge against eachother. Alts down when Bitcoin up, and vise versa.

[addias]

The halving is just a few days around the corner. What are you positioned in? I am holding BTC and Waves.

[crazywack]

The halving is just a few days around the corner. What are you positioned in? I am holding BTC and Waves.

My goal 6-8 month ago was to get out of ALL my alts before halving just in case. Didn't end up that way. I'm still heavily into a few but that's ok.