Why bitcoin is crashing...

in #bitcoin7 years ago (edited)

Yay, and there’s a simple reason.

If Bitcoin will drop to zero, (and probably it will happen, expect a short move) the whole altcoin market will collapse because of the lack of liquidity.
Ok, i said it will collapse, but it won’t forever.
Bitcoin dominance is about 50%, how about the other 50%?

Altcoin market will pick another bitcoin while regaining its value.

Then, because the whole crypto-market is full speculation, some big whales will make another coin to skyrocket, maybe towards Mars this time. Moon is obsolete.

There will be another king that will lead the market and new liquidity will stream into it.

Now, the story will repeat itself and the richest will be richer.

Coin Marketplace

STEEM 0.25
TRX 0.19
JST 0.037
BTC 91222.76
ETH 3323.12
USDT 1.00
SBD 3.88