@framelalife
I don't necessarily mean in a trading for profit sense. An example would be when several thousand bitcoins were stolen from the Evolution dark net market roughly 2 months ago. Anonymity coins like Monero and Dash shot up on Poloniex. I don't know if stolen coins were actually getting sold for these alts, but it appears that people speculated so and contributed to the surge in price and volume.
Although I sold my Litecoin some time ago, I feel like buying more because basically every time Bitcoin rises somewhat quickly, such as the last few days, Litecoin always rises faster and those higher prices tend to set a new bottom for the altercoin, even if Bitcoin goes back down. Personally I don't think Litecoin has much value aside from being the 2nd most known cryptocurrency, but it may shoot up when anxiety over the looming fork gets closer and people either want to speculate in the way I just described, or hedge their coins in the event that something happens during the fork.
My questions is, has anyone noticed similar movements that are somewhat predictable depending on the context of the major event.
Coins stolen -> anonymity coins go up - speculators suspect stolen coin mixing and lots of liquidity
Bitcoin goes up quickly -> Litecoin rises faster since it is somewhat established and speculators see it as "the next train out of the station"
I've noticed these trends over the last ~2 years but don't really watch the markets except for when big events take place. I'm really interested in trying to think of the scenario (hard fork) and the most likely reaction that the masses have to it. Whether stolen coins get mixed using other coins is not guaranteed, but people think it is and it therefore becomes a self fulfilling prophecy.
