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.
Capitalization of bitcoin takes about half of the entire cryptocurrency market. Therefore, of course, the collapse of the largest cryptocurrency will affect other currencies. It's unavoidable. The question is if such a misfortune will really happen.