Post
Topic
Board Altcoin Discussion
Bitcoin will take everything down with it.
by
unusualfacts30
on 15/01/2015, 06:38:53 UTC
While everyone is busy protesting how 2015 is the year of altcoins. I don't think anyone realize how bad it can get if Bitcoin hits single digit. We're talking business shutting down, all exchanges rely on fees for their income (which they receive in BTC) if BTC hits single digit those fees become pennies. No one is going to run a business to earn pennies.

There is going to be chaos, stock market crashing, people on street begging for food. I'm talking about nightmare that you haven't seen since civil war. I think it's good for everyone that BTC stays above $400 anything below is too dangerous.

cex.io turned off their cloud mining and many businesses will follow them if BTC price keeps crashing.

No altcoins without Bitcoin. At least it'll be 100x harder to buy altcoins if exchanges are gone.

Food for thoughts.