Bitcoin market Pressure from the Top10 Altcoins

in bitcoin •  7 years ago 

Hi to my steemit friends. 2017 was good year for Bitcoin as we saw almost a 10x increase in the price of Bitocin. December 2017 was a much of a better month for some top 10 altcoins at the expense of Bitcoin.Bitcoin had a market share of about 60% of Currently. Bitcoin market share has almost halved to about 36% according to coin market cap. One of the coin during this decline in Bitcoin market share is Ripple which has seen its price leave from $0.20 to currently over $2.30.
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  ·  7 years ago (edited)

Automatically we can see a correlation of Bitcoin/Altcoins... not 100% but it's affect.
I believe we are in a good resistence and if you have liquidity to buy, this can be a great moment.

it was madness, but after a month or two it will start again!

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We need the days of more Fiat to Alt-coin pairings so a dip in BTC doesn't necessarily cause the whole market to dip....

Why are you surprised with it, we better play poker only. let the coins be stirred by them, after a new mature we eat until clean. agree bro? ... hehehehe

I think it's a good thing that the market share of bitcoin lessens. I'm looking forward to the day that other altcoins will stand on its own and won't move much when bitcoin plunges.