Post
Topic
Board Speculation (Altcoins)
Re: Bubble burst
by
joexins
on 14/12/2017, 17:04:04 UTC
+1 to this.

Although i think it will be bitcoin that bursts, not altcoins.

Those buying altcoins usually have a degree of knowledge as to their value, especially with tokens.
They see the worth of the project and most are buying based on value more than on hype.

Bitcoin has been bloated by hype. People who have no understanding of this market have begun buying bitcoin and when prices start to stagger and correct a bit they will all pull out, causing a crash.

So you believe that the trigger for the next price fall in Btc will be from newcomers scared by its volatility?

By the way, never thought about that aspect of altcoins, andyou're essentially right. No one goes to read the "Bitcoin whitepaper", (which should be Satoshi Nakamoto's original post), but everyone (hopefully) reads the roadmap or whitepaper of ICOs or Altcoins in which they invest.