Bear market to continue thru October 2015

[devphp]

Suppose you knew exactly that the slump crypto currencies are in now will continue for another 12 months. There is capital flowing into crypto currencies, but it's not enough to move Bitcoin and alts higher, it's barely enough to keep cryptos afloat at the current level. What will be your actions if this situation goes on for another 12 months, till October 2015 (Bitcoin stays below $500, Top 5-10 alts stay at about the same price relative to Bitcoin)?

[1713978933]

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[smalltimer]

Karpeles could be selling HUGE amounts of stolen coins. If that is the case: you better be not in bitcoin.

I can see signs of trendreversal on many alts for weeks - some good pumps already again. Can't hold alts down much longer. If bitcoin can't hold the drink we'll have to leave it behind.

So if (big if) Karp-fuck is the cause of this, once people realise there will be a huge run for the good altcoins. Litecoin could even move in to replace the bitcoin in that scenario.

[DarkhorseofNxt]

I am staying in Nxt!

[ShroomsKit_Disgrace]

I am staying in Nxt!

Same here bro.

[alxx77]

75% assets 25% NXT+BTCD

[starfishi]

I am staying in Nxt!

Same here bro.

NXT and NEM, the latter pending . . .

[visual111]

nxt..btcd..qora..xcp..

no btc

[TwinWinNerD]

80% BTC 20% NXT/NEM/ASSETS

[The_FluffyBunny]

ALt's for sure.
Now holding mainly Fibrecoin.

[joe 90]

NXT seems to have done OK compared to the other alts. It might not be a bad investment if bitcoin keeps going down. Nevertheless I doubt bitcoin will keep falling for another 12 months, sooner or later I think it will go up again.

[matthewh3]

The next block reward halving should take place around summer/autumn 2016.  After Q2 next year some very large and institutional buyers should start to try and price that event in.  So we may not see the next bubble and correction until after that event happening late 2016.  After the first major bubble in 2011 to ~$30USD that peak bubble price wasn't matched for nearly two years.

I wouldn't recommend mostly investing in any altcoin.  Some are good for short to medium term speculation though.  I'd say no more of your cryptocurrency savings than 10% at the most in a basket of innovate altcoins.  Also all of the innovate altcoins will eventually be merged into Bitcoin sidechains and treechains.   

[nomoreheroes7]

100% BTS. Not sure what's with all the NXT love around this forum...

[DarkhorseofNxt]

100% BTS. Not sure what's with all the NXT love around this forum...

Because we are NXTers ?  and we believe in it. No offense. 

[visual111]

100% BTS. Not sure what's with all the NXT love around this forum...

nxtforum.org


take a look..

[grappa_barricata]

don't buy alt-crap fortheloveofgod

[devphp]

don't buy alt-crap fortheloveofgod

Who would do such a stupid thing when future alt-champions are for sale.

[BitcoinBoost]

80% Bitshares, 10% NXT, 10% Bitcoin

[e-coinomist]

Topic: Bear market to continue another 12 months  (Read 387 times)

14+23+5+5+8=55 Answers (14.2%)

If 8 people answered "Undecided" those are somewhat joining the other 387-55 peoples. Bitcointalk doesn't know what to do!

Well "it's barely enough to keep cryptos afloat" heavily depends upon the critically high inflation of cryptos. Somewhere 10% Inflation for Bitcoin had been mentioned (due to mining new coins) and staggering 30% for Litecoin, which I would not dare to touch as an investor.
(Can someone deliver precise numbers, or locate the posting that pronounced these? 25*6*24BTC a day against Total Supply, similar calculation for LTC mining.)

[TaunSew]

I think the dweebs are waiting to see if November 2013 will repeat in 2014.  I think that explains a lot of the holding action since March 2014.  If there is no boom in November / December 2014 then a lot of those holders, who were praying for a rebound for months, are going to cash out for $Fiat (cutting their losses after buying at $600-$1200) or convert into champion alternates


They've been informed but refused to believe it - November 2013 was all Willy Bot (MtGox using fractional reserves) and the Chinese racing in before they were cut off by their banks.

So the likelihood of another boom happen in November / December is virtually zilch.  Maybe the next boom will come with halving rewards or when Winky's ETF is passed through but I'm not really counting on it.


BTC's November boom did two things:  woke up a lot of hiberating whales (who are still dumping) and then created this professional mining class where they mine $2 million a day and have to dump 80% to pay for their electrical and hardware upgrades.  

It seems like for Bitcoin to go anywhere in price then they have to "bribe" all these whales (buy them out) but the miners cannot be bought out and are milking the system.

[darkota]

I will move 100% into altcoins.