Bitcoin Halving and Effects on Altcoin Markets
My take is that the BTC pump happened and has passed. Hope the floor holds but we'll have to see how it pans out.
There is so much capital invested in SHA mining hardware that is seems it'll have to go somewhere, but where? Look for some SHA alts to pump here and there in the near future, a lot of cash is at play here. There was a tick in the MYR markets this week, about 700% increase for a bit and it is falling back to previous prices now.
What do you all think will be the hot alts that will draw in hashes?
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The SHA Alts are too week to accommodate big amount of hashes.
It is even worse than was with srcrypt coins after last Litecoin halving - after hashes reached the alts, profitability of their mining dropped below LTC.
There were no pumps to change the situation.
So I think most part of the money will stay with BTC, no significant pump to expect :-)
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