Post
Topic
Board Speculation
Re: Bitcoin prices skyrocket thanks to Facebook
by
BitHodler
on 20/06/2019, 22:39:33 UTC
Ethereum for example. Based on data from CoinMarketCap, throughout 2019, its value has also skyrocketed more than doubled from USD 133 on January 1 to USD 269 today. Then, improvements can also be seen in Ripple, Litecoin, and Bitcoin Cash.
Improvements?

Ethereum all time high $1400 versus $270 current price.

XRP all time high $3.7 versus $0.43 current price.

Bcash all time high $4000 versus $410 current price.

Litecoin did better, but that only because of the block halving that's going to take place in less than two months. I'm sure that without the block halving it would be hovering around the $50 mark still.

Bitcoin is where all the money is going into and with the block halving being so far away still, I doubt we'll see altcoins make a move out of their current position, and then I'm not even talking about their poor BTC ratio.

People often think that when altcoins have gone down a lot that they will have to recover sooner than later, but altcoins are known to go down well beyond what you consider fair or oversold.