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RE: BITCOIN (BTC) Update: Wave IV at $2,000 would be such a fantastic buying opportunity!
Do you think that Bitcoin in this scenario would pull everything else down or would we see some alt-coins emerge to buck the trend?
Bitcoin is the moon that moves the tides.
When Bitcoin sneezes, the Altcoins catch the flu.
In January BTC was 87% of market. Now it's 48% BTC is slowly loosing its influence. It's going off like the British Empire. It won't happen fast. The idiots who are swarming into BTC are keeping it high. But the resistance is building up. Especially when China get their shit together there are some massive projects like NEO, WTC and also Bytom,Hcash that will shrink BTC. By the end of the year we may be looking at a 40% market dominance or less for BTC.
hm, interesting. Really curious to see how it all unfolds.