Makes complete sense to me...from my perspective, I treat bitcoin to "gold" and other resources would be alt coins...people need a safe sense of security, and bitcoin is that safe "gold" crypto equivalent.
One thing that most people don't understand, is if Bitcoin crashes, all other alt coins go down with it. Similar to how if Gold crashes, it will heavily affect the market - they are synonymous in that regard.
Great post :)
This is the logic behind why the moves last week were focused on selling crypto and buying gold. Always take profits on highs and keep them on the sidelines to invest when we see lows.
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