-Market recently over speculated on alts by greed and lack of understanding the nature of what a cryptocurrency is (2017) -It damaged Bitcoin and severely lowered its market dominance -Market seems to be readjusting the natural Bitcoin dominance -Alts could have plenty more downside remaining, Bitcoin probably has a lot of juice remaining -Punishment of the over greed and over speculative nature of alts, that attracted throngs of average joes -If you think useless shitcoins having a hundred Million $ marketcap is normal, you will be trapped again -Reverse = Alts/Btc bubble bursting
-Bear in mind that some alts are more resistant/stronger than some others, please do your own research -Bitcoin is a strong nascent asset that punishes over bearish behaviour since 2010: wether people short it heavily, wether people over buy alts hoping to make money VS Bitcoin or even Usd, are punished.
The difference between alts and btc is that btc is ahead of that spike on your arrow.
Giovi6969
⋅
@khundar,
I've got to disagree with you, silver / btc chart is totally different
s3cr3t44
⋅
@Giorgioversace
Alts vs silver chart brutal similarities and if it continues alts are dead(we have to know that new alts were added plus tether added few billions in also).
Giovi6969
⋅
@s3cr3t44,
I totally agree with you.
It seems humans/algos are behaving the same way with alts as how it did with silver.
Humans sometimes print similar behaviours and emotions on trading charts, the final type of asset it is is irrelevant (it could be shells, Magic cards, Japanese porn star pee in a pot, ...)
Lonely hope is that the Alts marketcap is very small, if a few large players decide to inject hundreds of millions $, it could brutally spike to the upside as it did years ago.
We will see, thanks for dropping by!
The difference between alts and btc is that btc is ahead of that spike on your arrow.