Effect of Bitcoin Halving on other Crypto Currency

[Baqee]

Bitcoin Halving is scheduled to happen mid May. Will this affect other crypto currency and how?

Most people will buy and hold BTC, with the aim to make profit when its value rises, after the halving. What of other crypto, will there value rise or fall?

 

[ankit16]

Bitcoin is the king of cryptocurrency and you can see that every coins follow its path. When btc goes up other coins too follow too. I think btc is important for crypto world and each coin follow its path. Btc is king and if we trace its price we may get good profit on altcoins.

[Killlm]

When the price of Bitcoin rises, it will affect other currencies, Bitcoin is a very good currency 🙂, Bitcoin is the best of all currencies, Bitcoin will pump when the price of Bitcoin rises, and then the price of all currencies will rise

[Ollarfreeman]

after reading your post.. i went online to read more.. i will like you to read this and it helps all

 

https://cointelegraph.com/news/bitcoin-halving-can-have-negative-short-term-effect-on-btc-price-heres-why

[Baqee]

11 minutes ago, Ollarfreeman said:

after reading your post.. i went online to read more.. i will like you to read this and it helps all

 

https://cointelegraph.com/news/bitcoin-halving-can-have-negative-short-term-effect-on-btc-price-heres-why

Thanks. The article taught me a lot, but it was centered around BTC alone.

[Ali saher]

I think mostly when bitcoin price increase other crypto currency price also increase not the same percentage price go up other crypto currency but very close . I think this time you not easily guess in mid may where is go bitcoin price.

[BidaManEris]

It will most likely drop because it will create a deficit against the miners if the selling pressure will increase especially right now when the bulls are on the run, not to mention the pandemic's exogenous effect that will attack it soon once the lockdowns are over.

[dynamo01]

When bitcoin halving takes place, the price of bitcoin will definately increase. this will make the value of other bitcoin to increase still as people will gain more intrest in cryptocurrency generally. we all know that bitcoin is the big boy and the face of all e-currency therefore it promotes others.

[Arnab12]

I think after halving all the alt coins will also see a increase in price as altcoins hugely depends on BTC for the huge BTC market on every exchange.