Post
Topic
Board Trading Discussion
Re: Can bitcoin kill maximum alt coins?
by
Yadstiker
on 17/11/2017, 12:25:44 UTC
Now a days all alt coin markets has been dumping and dumping without any simple pump for the btc price increasing.So just i want to know that can bitcoin destroy the maximum type of alt coins market?

Well this run can't go on forever. Alts will be there are would survive this btc surge. They've done all the time and were able to regain footing again even after the price of btc shot back up
Since bitcoin starts to rise there is all red in the market of altcoin and this is the alarming situation of altcoins investors and all they are doing that they are cashing out their money and they are waiting for the dump for bitcoin so that they can invest into bitcoin and yes bitcoin is killer of altcoin market because it has diverted the attention of other coin investor toward itself and this is the best for the bitcoin investor,
The best coin for trading as a beginner is always those that have low prices in the market because even if you will lose, the chances of the recoverable profit are more.

Trading is not an easy task at all and one has to be experienced until or unless he could manage to use the bitcoins or ethereum for the same purposel all you can do is to search the internet for the coins that are most suitable to you for the sake of trading because the prices are all time available on the internet.
In my own point of view bitcoin is the foundation to most of the existing coins nowadays, and i certainly believe that when bitcoin is surging upwards the altcoin market becomes bloodbath but surely it will go up again because each of those who are existing has its own purpose why it is created, and although trading is a bit complicated and stressful you must choose wisely among lots of coins in the market.