Bitcoin Falls Below 70% of Cryptocurrency Market Cap!

in bitcoin •  8 years ago  (edited)

This has happened for the first time in history.

BTC is below 70% and Altcoins took 30%.

Even though most coins are denominated in BTC still it seems capital flies towards people getting out of BTC in favor of others.

The biggest gainers are ETH XMR DASH ZEC


Litecoin and Ripple keep their usual positions and caps if we look on whole year charts.

Its possible people are running away due to possible split in BTC that i have written before or because of too easy tracking of transactions on Bitcoins blockchain.

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Previous articles explaining this more:
https://steemit.com/bitcoin/@kingscrown/bitcoins-proof-of-work-alghorithm-to-be-changed
https://steemit.com/bitcoin/@kingscrown/blood-in-the-streets-due-to-possible-btc-fork-some-whales-killed-brutally

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!

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8 years ago by

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    • [-]
      ·  8 years ago 

    I love you and all kingscrown but Roger is messing with my life savings here, for now I am happy I can exit some altcoin investments with some nice gains, but what happens next worries me, I do not think of ETH as safe storage of value :/ and will not use it. Also Qtum is not here yet to use that as a safe haven.

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    5 votes
    [-]
      ·  8 years ago 

    i dont like ETH at all.. and yes Roger just said he will sell 1:1 his BTU for BTC if theres a split...
    i wish LTC would get back on its feet and get closer to BTC but seems unlikely.

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      1 vote
      [-]
        ·  8 years ago 

      LTC has nothing going for it I am afraid it's just history. Maybe some day in the distant future. Who knows also this talk of a split might give it a push, but looks like too many are competing for second spot atm.

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        [-]
          ·  8 years ago 

        May I ask why you don't like ETH?

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          [-]
            ·  8 years ago 

          I am getting less and less concerned about the fork the more I read about it. I see this drop in Btc as a buying opportunity. I could be wrong but I think this will be a bump in the road for Btc.

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          [-]
            ·  8 years ago 

          100% agree :)

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          [-]
            ·  8 years ago 

          Good to know :)

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          1 vote
          [-]
            ·  8 years ago 

          I just think that this is a phase and rather a buying opportunity.

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          3 votes
          [-]
            ·  8 years ago (edited)

          Be glad you can buy buy buy! now. There's that chance it will go to 2000$ by the end of the year :P a chance that I definitely don't wanna miss.

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            [-]
              ·  8 years ago 

            And down go's Frasier! Poor BTC

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              [-]
                ·  7 years ago 

              Very good article. Nice to see I'm not the only one who thinks like this. The biggest group of uneducated investors in mankind get's a shot to determine the price of a crypto. It's an interesting world we live in. This is quite an interesting website I found: https://www.coincheckup.com The site lets you check all there is to know about the team, product, communication transparency, advisors and investment statistics on every crypto. Check for example: https://www.coincheckup.com/coins/Bitcoin#analysis To see the: Bitcoin Analysis

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                [-]
                  ·  8 years ago 

                If you look at the past economics of the world bubbles are normal but with bitcoins, if you stay updated you can get out before they burst.

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                  [-]
                    ·  8 years ago 

                  Daaayuuuuuuuuuuuum!

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                    [-]
                      ·  8 years ago 

                    I am tired of this battle but I have to admit the chaos is helping my bottom line.

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                      [-]
                        ·  8 years ago 

                      What is the next BTC? Dash or Ethereum?

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                        [-]
                          ·  8 years ago 

                        Dash is more similar to BTC but I think the next BTC will be BTU...

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                          1 vote
                          [-]
                            ·  8 years ago (edited)

                          Unlimited? I wonder if our earnings will fork too, hehe. How is Ethereum different to Dash?

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                            [-]
                              ·  8 years ago 

                            Thanks for sharing, i like it.
                            Perfect post.

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                              7 votes