This is Why You Don't Attack Bitcoin
This post was co-published on my Reddit account
If Bitcoin goes down, it takes all the altcoins with it.
Frequent checking of the BCH price against BTC will reveal that BCH became even less valuable against BTC as it fell.
In other words, when Bitcoin contracted, Bcash contracted worse. The Bcash attack backfired in a big way. And as the BTC price has recovered, the BCH price made a smaller, but still significant, recovery in its wake.
A rising tide lifts all boats, and a falling tide sends all the boats crashing down.
If you want your altcoin to succeed, attacking Bitcoin is entirely counterproductive.
I hope we all learned our lesson.
This is what i have experienced so far in altcoins. When BTC was in super bull run altcoin was bleeding and now when btc is getting down again the altcoin is also bleeding although not all but some are still bleeding.
SO what to choose and what to do is purely the basis of knowledge and development.
What I see going ahead is that BTC will be somewhat in range trading in 2018 in between 12000 to 25000 and I think 2018 will prove to be the best year for altcoins.
Thank you @talanhorne
@talanhorne - Sir it's a good discussion... Nice you decided to share it Sir...
+W+ [UpVoted & ReSteemed]
good topic @talanhorne. bitcoin change of time anytime.
You are absolutely right bitcoin is the flagship and if it falls then everything falls
Thanks for article and good writing.
For your post propagation.
Upvote/Resteem
Thanks for the information and sharing
Upvote Resteem
It's growing too low..that growth is unsustanable..just a matter of time when its gonna go down.
upvoted // resteem
You are a good person to write.your ideas and writing have been fulfilled.
This is great article and good advice.
(((((( Resteem service)))))
Wonderful post @talanhorne,,,,,,,,,
great writing experience.
resteem