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RE: How Steemit Taught Me Once Again That The Most Expensive Thing In The World Is Ignorance (I Was Going To Say "Stupidity" But I Refrained Myself)

in #steemit7 years ago

There are many reasons for this bear market, but the most important is that there are more Bitcoin holders selling for a lower price that those willing to by at a higher price.

I don't see it that way. In fact I see it the way you explain and know forgot : As Bitcoin gets lower and lower, money flows from altcoins to Bitcoin. Check ☑ dominance at 42.5%. It used to be lower

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And bitcoin is down 👇 until the market absorbs the 1.7 billion dollar MtGoxxed Whale is dumping into the market