Hi guys, BTC is going down again today.
I don´t hold any BTC because I don´t see future in this coin, but...
Always when BTC is going down so everyone else, do you think that in case of dramatic fall will every other crypto go down too?
And it brings me another question, when people sel their BTC, where the money goes? Do they make instant withdraws in USD and get out of the trade completely? Cos if BTC is going down some else should rise but whole market is on decrease.
If you don't trust bitcoin and to its future then why are you here? Bitcoins price do really move this way and don't expect if you would see a pump it would continue further. Price corrections should really be expected always. If people do cash out its either money is being circulated to alts or just purely cash out to fiat. If bitcoin would tend to dump its price I believe there are some alts which would really go into opposite direction because they do have their own market which doesn't fully correlated on bitcoin.