Post
Topic
Board Bitcoin Discussion
Re: Will it help bitcoin if we shift funds to it ?
by
malikusama
on 26/10/2019, 18:41:36 UTC
We are all aware that the bitcoin is the last hope when the other altcoins including Ethereum are struggling to survive and even bitcoin has not had any massive pump as it's fighting hard to stay on $8,000 despite numerous fluctuations but will it help bitcoin if we just move our funds to bitcoin which we have invested into altcoin as it will increase the demand of bitcoin if everyone can do that as this will literally do what the whales have been doing to increase the price when they want by creating the demand.

I don't think so it will help, mostly alts are in dead zone, people who invested in alts will not going to sell them in such bad market conditions.
Even though this will happen it will not going to help remarkable rise in price of bitcoin, the bitcoin price rise is determined through USD so the trade in USD to BTC will help more to increase the price instead of alts.