Post
Topic
Board Bitcoin Discussion
Re: Bitcoin has 54% of the cryptocurrency market
by
Robert_Austin
on 20/08/2018, 20:11:00 UTC
It is a normal development that Bitcoin is getting stronger in a sustained bear market. Alts are getting destroyed and people flee them in masses. But most don‘t want to leave crypto, so bitcoin is a safe haven for the time being. Just don‘t be fooled and think this is going to stay like that.

Alts are getting destroyed for a good reason. Most of them are scams, and the others have no real leadership behind them. It's turning into a circus.

After either getting ripped off or hearing about friends being ripped off too many times, people have decided not to waste time on risky shit that is more likely to turn into a ponzi scheme than generate any return at all. Therefore we have bitcoin strength. It will last long because there is absolutely no trust in the altcoins. Bitcoin is much more reliable and everyone knows it.