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.
The only reason the cryptocurrency market has been popular in the last few months is due to how huge bitcoin became and how its price skyrocketed over the last year, before that there was not as many people involved in this market like today, first the chances of bitcoin falling are low, because its price is way higher than any other cryptocurrency there is, so there will always be people investing in it, and if it does than it will defentily have a huge impact on the market, and we will defenitly see the prices of the other cryptocurrencies gow down as well, but sooner or later another one will start going up again and take the place of bitcoin.