Credit goes to source : https://www.cnbc.com/2018/08/14/crypto-advocate-bitcoins-narrative-problem-is-spooking-investors.html
The Altcoin market is currently a war zone and it looks like a small Dotcom bubble have burst.
I compare Bitcoin to the bigger Microsoft/Dell/Yahoo companies, during the DotCom bubble and the Alt coins to the gazillion of tech companies that went bankrupt.
Will Alt coins suffer the same fate and will Bitcoin rose out of the ashes like these bigger companies, that ended up being bigger and stronger than what they were, before the DotCom bubble burst?
What do you think?
I believe that bitcoin prices are in a bear market in the long run and it will take a long time for the bitcoin market to rebound, you can see that the market is fluctuating continuously and bitcoin prices are down in the down cycle. long-term, according to the analysis of bitcoin prices may be reduced to the $ 2000 mark by the end of 2018.The Altcoin market is currently a war zone and it looks like a small Dotcom bubble have burst.
I compare Bitcoin to the bigger Microsoft/Dell/Yahoo companies, during the DotCom bubble and the Alt coins to the gazillion of tech companies that went bankrupt.
Will Alt coins suffer the same fate and will Bitcoin rose out of the ashes like these bigger companies, that ended up being bigger and stronger than what they were, before the DotCom bubble burst?
What do you think?