Post
Topic
Board Altcoin Discussion
Re: The BTC crash is good news for Altcoins
by
TwtRedeo
on 05/12/2018, 12:48:20 UTC
https://cointelegraph.com/news/why-did-crypto-market-experience-a-27-billion-wipeout-experts-discuss-factors

Every situation has a bright side, you just have to look at the bigger picture!

According to Crypto Rand, a currency trader and technical analyst,

"We will have to wait some more months until BTC settle down its path through a potential reversal, but the alternative cryptocurrency market could take its own direction getting rid of the BTC influence. The big caps altcoin response has been amazing so far."

Further on, the article goes on to say,

"Institutional investors are focusing on products that provide investor protection and strengthen the infrastructure of the crypto market."

Such volatility doesn't mean anything. The true value of cryptocurrency lies in a strong foundation (which requires user-friendly decentralized marketplaces where we can use cryptocurrency, and added security in the form of escrow systems) which will be made possible with the upcoming ICO's.

They're not all scams!
You are right. The fall down of BTC is not good for anyone or from any side. We must need a healthy BTC levels so that we can have more new projects are arriving in altcoin industry. When bitcoin is not doing well, I have seen many projects are getting delayed. Because, everything is being measured and viewed with respect to how BTC is performing. Without BTC, I guess nothing could find success here.