Post
Topic
Board Bitcoin Discussion
Re: Good news for bitcoin holders, after falling price now Bitcoin Surges above 12%
by
kryptqnick
on 03/07/2019, 14:27:49 UTC
I think Herbert2020 is right. It's not a bearish trend, it's merely a correction. And long-term investors in Bitcoin indeed don't care about these. The price is very jumpy, and it's back to $11k+ already. What I worry about is a very distinct difference between the growth in 2019 and back in 2017... Back then, as Bitcoin was growing, altcoins were thriving as well. It was the best time for ICOs and coins that are already on the market but are relatively new. They were getting a lot of Bitcoin's popularity, pushing Bitcoin's market dominance lower and lower. I believe at some point it as even slightly below 40%. When Bitcoin started rising this spring, I expected that the same thing to happen. That BTC would rise first, but alts would follow. Instead, Bitcoin is taking up even more market dominance than back in the worst bearish days... Maybe it isn't a bad thing, but I thought that altcoins would get their time to flourish again as well.