Hello, I would like to know your opinion about this: What happens to the other cryptocurrencies if the Bitcoin goes to $ 2,000? I mean ICOs, altcoins, low market cap coins.
Now ICOs and low market cap coins have very bad times, but if Bitcoin goes down to $2,000-3,000 what will happen? This will be the end of ICOs?
Because I think that most of investors will sell everything to buy more Bitcoins.
If that happens then this is probably the biggest purge in the history of crypto. If BTC is down 2k $, many sell out BTC and desperately leave the market. altcoin will return with dust as new born.
ETH will also dramatically decrease as much as $ 50 even lower. All ICO projects will die because of insufficient funds.