
We passed the 50% mark recently, and if we look at what happens today, almost all alts lose a lot and bitcoin just loses little in comparison.
Is it because when we have a bear market like now, people turn to bitcoin because it is more secure? I think the opposite happened with the bull market last december, people turned to fancy alts because they thought they could hit the next 10× or 100×.
There maybe two reasons for that to happening,last year the price of bitcoin was spiked very rapidly at this time so some investors maybe expecting the same thing to happen so they were converting their altcoins into bitcoins and other reason is that due to make some quick money due to SEC speculations but whatever the prices going down.
