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RE: Will Cryptocurrencies Suffer a Multi-Year Bear Market?

in #cryptocurrency7 years ago

No one can say for sure but this is def not a good time to be panic selling. Panic buying makes more sense at these levels and especially if we drop down to around $5000 Bitcoin again. That's a Mt. Gox style drop like 2014 where Bitcoin lost 90% of its value in a year. But keep in mind BTC dominance was at 95% then. This is a different crypto world today and we have many projects and more advanced coins available.

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So this could be an opportunity for the rise of another cryptocurrency. Probably bitcoin will lost its dominance. Which cryptocurrency could defeat bitcoin?