Is this the rotation of capital within the crypto space or Just a False Flag !!!
Based on the Total Market Capitalization
Price Action:
As the first of its kind to emerge, bitcoin has become synonymous with “cryptocurrency”. But lately it’s been joined by a lot of others – which together now account for more than half of the cryptocurrency ecosystem:
More here :http://www.zerohedge.com/news/2017-05-18/bitcoins-fatal-flaw
Well, when you go to CoinMarketCap.com you can see that Bitcoin is competing against over 800 other cryptos. In MHO, holding near the 50% mark with an 800 to 1 market, ain't so bad. Especially when you consider that most of the alt-coins are probably in a bubble. Thanks for the post!
initially thought that bitcoin is magnet which is pulling all the alt-coins higher but the capitalization really worries me a lot now.Anyway thanks for stopping by.
Yeah I agree....I don't think it's something to really worry about
You know I keep thinking. Could the Cryptos just be another bubble forming?
we never know until it takes hit !!!
I think it's got a long way to go yet before it's in bubble territory. Infact according to Greg Mannarino, smart money is moving into cryptocurrencies. That's not to say that we won't get some short term corrections. Nothing can keep moving like that without pauses...