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.
You are right, it is the reason why we all have to support bitcoin because if bitcoin is not doing well then all of the other coins in the market are definitely not doing well which is not good for us. Whatever happens to the price of bitcoin is what happens to the entire market. We need more money to be concentrated on bitcoin in order for it to go back up.