We think also what would be the effect if bitcoin will continuously go higher, do you think that there will try to invest it with that amount? I think there's no one, that's why we thank you for that downtrend of bitcoin cause it gives chances for small capital investors to take part of it and the market are continuously moving. Up and down movements is very important in all investment cause that's the way gain profit.
Im also thinking about this, will other coin also increase? I dont think other coin might pump also. Since there werw different development team working in each coins. Maybe other coin will just go along with bitcoib when dumping but be left behind when pumping. Thus, tge dev really matter in all cases.
There might be effect on other coin, but there were also coin that does not depend on bitcoin..Since bitcoin is mainly used as exxhange value in the market, tgen ut would be normal for other coin to go along in the same track of bitcoin. Most of not so established coin are the one who gets easily affected by bitcoin's price.
It is the market and for those who already understand the way this market works, you will obviously know that most times the market always move back in the same format with bitcoin. The time to always watch closely at alts is whenever there is a long consolidation going on with bitcoin.
In the cases of bull run, you should always expect the alts to bleed most of this period, but it is market, and we cannot always use history to judge, but one way or the other, it has always repeated itself. In some sense that fall of bitcoin prices from its peak levels is good to make new investors to get on board.
Yes, those who were neglecting bitcoin due to huge price levels like $15k or $20k still have understood the potential of bitcoins, must have made use of this fall as they got chances to buy more bitcoins for 1/3 cheaper prices. Same thing happened after $hitting $1200 levels in 2013. So, fluctuations gives another chances for new investors.