Re: When traditional markets fall, alternative markets fall harder
The previous btc price crashes were due to the crypto market being very small and very manipulated.
Now the market is still manipulated,but it's way harder than before.Bitcoin isn't old and rusty.BTC transactions aren't that expensive.All the comparisons between bitcoin and myspace,shitty dot-com companies and tulips are nonsense.Bitcoin will recover,because the crypto whales will pump it again.
Now the market is still manipulated,but it's way harder than before.Bitcoin isn't old and rusty.BTC transactions aren't that expensive.All the comparisons between bitcoin and myspace,shitty dot-com companies and tulips are nonsense.Bitcoin will recover,because the crypto whales will pump it again.
I somewhat agree to this one, but partially. Bitcoin is not dependent to real world stuff perfectly because its decentralsied and regardless of other changes in Fortune 500 companies (example) it doesnt matter to bitcoin at all. Bitcoin is also not controlled by whales now a days as its use is more conventional now than before.
So yup I do agree to you that it somehow independent of those X markets out there.