Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Imagine when the alts crash and that money come to btc. We'd already be at $5k
What would make the alts crash? I can't see it myself.
Well, if BTC is a bubble and goes down say 30% alts will crash more * used to be the logic *
the old saying
Bitcoin gets a cold, the alts get pneumonia saying....
but hell, this is so much like the pump of 2013 I'm not sure wtf to think
in Oct 2013 I got into mining and BTC was 150 the day I started.....2 days after
thanksgiving I think it was over 1100 usd..then of course the epic crash....into
the next year
So is this a repeat...say 3k btc then a dump back to 1k btc? Or is the bubble gonna
burst at 10k btc and drop down to 5k?
wild stuff, getting to be real damn money hanging out there on my hoard now
pucker time! for holders!
Problem is that now marketcap is $86 973 303 515
In 2013 in PEAK it was approx 10 times lower..
+ BTC dominace is only 44.7%.
In 2013 it was 90+%.
So this is not like 2013...
Bitcoin dominance is like the weakest criteria for evaluation. When bitcoin rises in value, it's decreasing it's dominance. Why? Because a lot of alts value is coming from bitcoin.
Or maybe fresh money flows straight into Alts?
