All other coins will crash along with Bitcoin. For most people, bitcoin is the only coin in the crypto market. A fall in bitcoin will shake the confidence in crypto market and thus mark a movement of converting crypto into fiat currency (and not into any other crypto). However, should Ethereum's announcement of its new protocol metropolis comes about the same time, it is likely that ETH may stand out as an exception to the downfall.
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Yes I have heard this as well.
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But on the other hand, people could flock to some of the other bigger cryptos around August 1, mainly Ether... only time will tell. If we could see the future, we'd all be billionaires.
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ain't that the truth
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But most of us us bitcoin to buy other crypto currencies? If now it crashes that affects the growth of other coins! My take.
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As I write this, everything is in the red... I think August 1 might be a bloodbath... or not...
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Though some people read bloodbath as "buying opportunity."
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From what ive seen so far is as bitcoin goes the other altcoins go. Im still learning as much as i can so any correction or advice would be helpful
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I think that when bitcoin goes down a lot goes down. but there will be survivors especially ethereum has a good chance to survive and become the new most popular coin
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bitcoin is going down. long live STEEM!
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