Whether many people accept or not , the bitcoin remains the dominant crypto on the market and whatever happens to it tends to have effects on all other cryptos , so when bitcoin falls , most of the other cryptos will go the same direction too and if bitcoin rises , then most of the other cryptos will rise too..
This happens often and historically on the crypto market it is evident that bitcoin controls at least 30% of the dominance on the crypto market and so whatever happens to it will always reflect on the whole crypto market..
I am not cool with the bitcoin control over most of the cryptos , it means that if anything worse happens to bitcoin today , then we should expect the other cryptos to experience the same worse situation , that means the whole crypto market could experience total shut down if the bitcoin price gets to a price level that is extremely low or if it experiences a market capitalization which have gotten to a very extreme low level...
I am not saying bitcoin should not be the number one crypto or whatever, but I am saying I would love to see a situation whereby different cryptos can have their own independent price movement with or without bitcoin , having total control over its own market without bitcoin determining what happens to it..
Posted Using LeoFinance Beta
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