Post
Topic
Board Economics
Re: bitcoin and altcoin
by
kodtycoon
on 14/08/2018, 03:10:45 UTC
in these days bitcoin had a strong rise, but the other coins seem to be standing at the stake, is there a reason?
do you think that the whole market can be resumed? or will most of the altcoins fail in these months? sorry for my english=)
You can see that the price of bitcoin in recent days has been steadily decreasing and is currently adjusting around the $ 6000 level. According to my analysis, bitcoin prices will probably continue to fall further, as At this time, I believe you should stay out of the market and restrict transactions. Decreased bitcoin prices will result in lower altcoin prices, so you should not buy altcoin.

If we see on coinmarketcap, bitcoin domination rising and reach more than 50% market cap value. Most altcoin drop the price because bitcoin price decreasing. Most altcoin price affecting because bitcoin and indeed investing on bitcoin is much safer than altcoin
Do not know what will happen next, now the price of bitcoin is in the range of $5.9k, if the price continues to fall below $5k do you still buy and hold bitcoin? Concerned by the collapse of the market this time made many people lose their confidence in crypto.