IT’S “MAX PAIN” AHEAD FOR ALTCOINS AS BITCOIN’S HALVING NEARS

[chubasco52]

After Bitcoin posted a blow-off top at the end of 2017, altcoins surged across the board, gaining hundreds of percent over the course of months in an event since known as “altseason.” Since that time, when many traders made their fortunes, investors have been waiting for “the next altseason.”

While some have argued that it is near, top investors are expecting altcoins to dramatically underperform Bitcoin. One analyst, in fact, gave the scenario that it’s “max pain” ahead for this segment of the cryptocurrency market. https://bitcoinist.com/its-max-pain-ahead-for-altcoins-as-bitcoins-halving-nears-heres-why/

[unouresha]

I think the "MAX PAIN" is gonna hit bitcoin harder than alts, as miners will start to quit because mining won't be as profitable as it was because of the halving.

[jossiel]

That altcoin season depends on bitcoin's performance. There can be another altcoin season when bitcoin goes into the likely bull run of 2017 but there could also be none.

Investors these days mostly focusing on bitcoin base to the attention that it has brought worldwide which includes the fin-tech companies that are really have shown interest to get into bitcoin.

I think the "MAX PAIN" is gonna hit bitcoin harder than alts, as miners will start to quit because mining won't be as profitable as it was because of the halving.

They will turn off their miners for a while but they'll also be back again. Let us wait for a few more months to see if they can't sustain it anymore but I doubt it that they'll do it long term.

[avikz]

I think the "MAX PAIN" is gonna hit bitcoin harder than alts, as miners will start to quit because mining won't be as profitable as it was because of the halving.

I don't disagree completely but the impact has not yet seen! It's too early to conclude anything and we are just assuming that would happen. However, if the price increases, that won't be the case and miners will still be profitable with less block reward. This quitting thing would only come to reality if we see bitcoin price decreasing, otherwise not! If you see the bitcoin hash rate chart, you will see that the hash rate has actually increased gradually over the past 60 days, which is a sign that miners are also ramping up to deal with the less block reward. Let's wait for at least 1 week to conclude anything at all!