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Title: Bitcoin performed the best in June of all cryptocurrencies - summary Post by: BitHub.pl on August 05, 2017, 03:42:54 PM Many people say that Bitcoin`s time is over and that other cryptocurrencies will perform better in times of trouble. And when the time of trouble came (altcoin market down) it is Bittcoin who was the best performer in June 2017. What do You think about it? Will something really change or were we wittnessing altcoin bubble and Bitcoin is the only king?
http://bithub.pl/english/top-cryptocurrencies-in-july-2017/ Here is a short summary if someone is intrested in of what happened in June along with rank, experts comments and recall of the most important events such as fork or btc-e suspended. Hope You will share your opinions! Title: Re: Bitcoin performed the best in June of all cryptocurrencies - summary Post by: BitcoinHodler on August 05, 2017, 04:24:54 PM "in time of trouble" anything will perform poorly and bitcoin was no exception. and the market being small, things become bigger at times like this since the smallest panic can send the price low.
the important thing is to analyze the performance in long term not in short term. for example with altcoins if you look at short term you sometimes will be fooled by how well they are doing. for example the most random altcoin goes up 90% in one day! but when you look at the bigger picture like a year you can see that small rise was only in a short period of time and never lasted. interestingly the exact opposite is true with bitcoin. it is as if you took the altcoin chart and reversed it. bitcoin has big drops in short term and they never last. a small dip and then rising all over again. Title: Re: Bitcoin performed the best in June of all cryptocurrencies - summary Post by: BitHub.pl on August 07, 2017, 07:42:34 AM "in time of trouble" anything will perform poorly and bitcoin was no exception. and the market being small, things become bigger at times like this since the smallest panic can send the price low. the important thing is to analyze the performance in long term not in short term. for example with altcoins if you look at short term you sometimes will be fooled by how well they are doing. for example the most random altcoin goes up 90% in one day! but when you look at the bigger picture like a year you can see that small rise was only in a short period of time and never lasted. interestingly the exact opposite is true with bitcoin. it is as if you took the altcoin chart and reversed it. bitcoin has big drops in short term and they never last. a small dip and then rising all over again. Yes but in times of touble Bitcoin seems to be doing pretty well. In fact it has fall down only couple procents and qucikly recovered |