Bitcoin's price has once again fallen down today to $6,315.
One of the great benefit of this bearish trend is that more speculators and new investors who just want to get rich overnight have mostly moved out or still moving out of bitcoin in search of another magical high ROI giving asset.
Thank God its once again not bullish.
I don't think they are moving out. Just by looking at coinmarket, the dominance of bitcoin is at all time high.
Indicating that investors and speculators are getting out of altcoin markets and shifting to bitcoin ecosystem.Atleast bitcoin would be left with its loyal holders who wish to enjoy and support this technology by using btc for payments,etc.
That's what we wanted to see, bitcoin becoming cross-border payment and micro-transaction scheme.