Calm down people..... Altcoins aren't dead, and neither is Bitcoin.

Hello again!

Mrbearbear here. Today, I'm going to take some time and talk to you about the recent crashes in altcoins. It's been quite sickening seeing all the doom n glooming people so put their life savings or money they can't risk into a altcoin only to watch it tumble in price. Hopefully, maybe this calm you down.

This past year alone, we have seen major growth in altcoins. Ethereum, which was about 5$ last year, reach a high of 400$. Dash, which was worth next to nothing, hit 200$. Even litecoin, which has been sitting at 2-3 since forever, is now past the 50$ range. But why? Well because of Bitcoin of course!

Back in late December, bitcoin was 807$. In May, it hit an all time high of 3000$ before settling back in the 2500 range, which is well over a 300% increase. As of June and July though, prices have plummeted as low as 1900$ , with altcoins crashing across the board. Now, it's important to remember that bitcoin is the pillar of all cryptos, and gives other cryptos their value. Now that bitcoin is stalling, people are fearing the worst and cashing out the alts. So why the stalling? Because of the scaling debate.

Bitcoins scaling debate is finally reaching it's climax, after what feels an like an eternity. Both sides have been attacked, with ugly articles ,propaganda, and even death threats. Thankfully, by the end of July to early August, we will have some form scaling done. But of course it wouldn't be that easy. We have fears of people splitting the chain with bitmains threat of hard forking, and bitcoins users trying to activate bip 148 uasf to apply segwit.

So, what should you expect? Well, the Bitcoin price will continue to bounce around at the current trend, which is 2300-2600. More altcoin crashing is expected, with some random growth days. It would be wise to hold off any investments until this is over. So any money you have in fiat as of right now, keep it in fiat.

What about all the crypto you have? It's hard to say. We might very well see more drops, even a worse case scenario of Bitcoin dropping back into the 1500$ range if this goes badly. The safest route is to cash out your btc into fiat, if you are the type that will be driven nuts from these drops. If you have investments in alts or btc that you are not in need of, feel free to leave it in. I personally plan on riding out this storm, hodling all my BTC.

There will be dark days ahead for crypto. But this storm will clear, and we will see growth again. So relax, take a breath, maybe step outside? Because as we hodlers like to say, just another day of crypto.

Thanks for reading! Feel free to give feedback, maybe even give suggestions you would like to hear about next!