Hello steemians,
Bitcoin diminance dropped very hard last months from 86% in february 2017 to a minimum of 37% June 19th.
Scaling debate and altcoins maturity launched an historical flow of liquidity from Bitcoin to altcoins never seen before.
Bitcoin dominance vs altcoins since 2013:
As always market is very brutal and create moovement that are often unsustainable long term, equilibrium has to be achieve.
Many of you wonder what will hapen with BTC Hard Fork, i think it will end for few months or years the scaling debate once the code is activated.
Tx/sec will increase and the network will execute more and more transactions per days as adoption continu to grow. Meltcalfe's law indicate us the price should follow up in these conditions.
Once segwit 2MB is activated, futur looks bright for bitcoin, i anticipate a regain in dominance against altcoins and the price could go up to 4000$/5000$ before end fof 2017.
Have a good day!
Does the withdrawal of steem sbd bitcoin and other cryptocurrency into cash might be the cause of fluctuation in digital currency specifically the bitcoin? I’m not expert on this. Correct me if I’m wrong. Thanks in advance..
Segwit activation sure ride the price. Look what happened to Litecoin (a fork of Bitcoin) when they activated Segwit.@damarth
That had influenced the price of Bitcoin and shoot up little in past.
When the month of August is coming.. I think more rollercoasters are yet to come.
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Time to pick up some!
No way, they're lagging behind in development and the current issue is 2 years old and still no sign of resolving it.
thank for sharing the..great:))
I believe that over time altcoins will stand out for service. Bitcoin will only serve its main purpose, which is a reserve of value, because it becomes scarce
Congratulations!
let s see what happens...
I hope so. BTC is what I am changing my SBD to. Trying to decide on a good time to do that. Tricky business knowing when the time is the right time lol
Do it now before the fork ! BTC will be under $2100 end of week
yeah have been watching then- get BTC cheap and wait till it goes up after the fork lol
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Nope ! It's the MySpace of cryptos!
I agree. After the shakeup I believe BTC will emerge with new strength and those who are scared but are still willing to stay in cryptos will run to Bitcoin for safety.
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