Post
Topic
Board Economics
Re: Reality Check on Crypto
by
michellee
on 27/10/2021, 12:03:58 UTC
The thing that makes us optimistic is that the market is no longer dependent on bitcoin, look at USDT or other coin fixes, the transaction volume is greater than bitcoin, this makes the competition even better and if bitcoin drops then there is hope for altcoins that can help bitcoin.
The market still depends on the bitcoin market because if you check on the market when the bitcoin price is down, the altcoin will go down following the bitcoin market. Although USDT  transaction volume is greater than bitcoin, still, bitcoin leads the market and makes the altcoin follow on bitcoin.

What makes people come to bitcoin is the opportunity to make money at home and almost desperate to make money in this pandemic. They see bitcoin as a new way to make money, so they start learning bitcoin and know that bitcoin can be an asset or investment for them besides making money.