Bitcoin is LOSING market share; should I be worried?
The world of cryptocurrency investing and trading is an uncertain one where making doubling your investment or losing half of your net worth are day-to-day occurrences.
If you've stayed long enough, you'll notice that the price of everything is linked to bitcoin.
The question is... is this a blessing or a curse?
Price follows Volume. A well-known trader fact.
But is this decrease in market share (and the outflow of money) forecasting a major bubble burst and price fall?
Maybe Not!
Consider this post a trailer and an invitation to watch Andreas M. Antonopoulos most recent video:
Bitcoin: Unstoppable Code
Some key highlights:
"they all benefit from proving different points in this giant eco-system of currencies where we can test out ideas in an evolutionary environment... that cause each one of these little species to specialize into one niche and... thrive... and conquer that environment"
"(Bitcoin) being stuck in the status quo and being resistant to change IS a differentiable feature" (of its evolution).
~~(Andreas M. Antonopoulos, 2017)
Link to the full video below:
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Great post! The bitcoin market share is going down, however what that is showing us is that bitcoin is going to become more of a store of value instead of the actual trading system. That instead is going to be done by other blockchains and we see this happening already.
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Thanks for sharing this video here.
Great VDO, Thanks ;-)