Bitcoin

in #bitcoin7 years ago

The market cap crossed over $400 Billion today. Bitcoin prices have risen slowly and altcoins are booming. Expect this to continue as long as the market cap continues to rise and the dominance of Bitcoin falling. This means that MORE money is coming in AND the funds are being put into coins other than Bitcoin at a greater rate than the amount placed in Bitcoin. These are the best conditions for traders holding Altcoins.

:exclamation:If you see the price of Bitcoin raise too fast, it will more than likely hurt altcoins. And you will see the dominance of Bitcoin increase.

There could be some red days in the future. But as long as Bitcoin doesnt dip hard, the market will continue to grow steadily. Eventually, the media will start making great claims again about Bitcoin and altcoins. And then the FOMO will come back. I predict this will happen when BTC crosses $10,000 and the market is around 500-550 Billion.

:notebook:Make sure you are holding on the coins you want for the next Bullrun. image

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Added to my follow list. Keep up the good work and what do you think of the current market?

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