If there is a crash in bitcoin then we have also a crash in altcoins.
For example ethereum price now 300$, in February 2017 10$ x30 times more
neo price now 26$ 0.12$ x216 times more
ltc price now 55$ 3.79$ x14 times more
And now for BTC price now 7200$ 1000$ x7 times more
I am thinking that the altcoins will correct more than the bitcoin. I think we should see a BTC dominance of 80%.
And now the facts:
ltc is only a copy of bitcoin.
neo is a cheap chinese copy of ethereum.
And ethereum has copied many things from bitcoin.
Do you think a lexus car is more worth than a mercedes benz?
"shitcoins to the moon!" I can't listen to that any longer.
Great post!
I totally agree. Bitcoin also has real world applications and most alt coins are scams that eventually will collapse. Picking up something that can outperform bitcoin among all the scams is gambling.
Yes, great post, indeed. And yes, picking one may be gambling - which, however, does not say that there will be no coins that have the potential to outperform bitcoin.