Re: Should bitcoin reach more than $ 1500 and what will it impact on the market?
I think if bitcoin can penetrate more than 1500 $ will bring a positive impact for its users that is increasing their income, but whether there is a positive impact for the market like altcoin price will there be a drastic change whether it up or down?
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It is not impossible for Bitcoin to penetrate $1500. In fact, the price now is $1420 and still climbing and based on my own analysis. It can even reach $1450 . As you can see, it mainly affects the price of the Altcoins. When Bitcoin's price increases, Altcoins price decreases. And vice versa. As you can see in the https://coinmarketcap.com/ ; the price of the Altcoins are marked red meaning its price decreases. And it is because of the stiff pump of Bitcoins Price. If this continues, this may be the right time to stack alt coins as its price may dump more. And wait 'till its price pumps again then sell.
In fact, They already break 1500USD price wall FYI. And most of the alt coins are dumping. This price inflation of bitcoin really affects the price of the altcoin. On liqui exchange. Most of the altcoin listed there has marked red on growth. I think altcoin is not advisable ATM to trade. I will just wait for the BTC inflation to reach the cap then i will bag some cheap alts out there.
