Bitcoin Rises as Its Dominance Across Cryptos Grows. Why It’s a Bad Sign.
Why? Are investors losing confidence in shitcoins?
Do users realize that you don't need a blockchain to run an app like Uber?
Every single economically illiterate wanna-be rich guy over Twitter understanding that a meme coin is just a meme coin and that 99% of the world doesn't even get that meme at all?
“The Bitcoin dominance grows when investors do not feel confident about the short-term market trend and adjust their position towards a less speculative portfolio, increasing their exposure to Bitcoin, which is commonly known to be the less volatile digital asset,” said Matteo Greco, an analyst at digital asset group Fineqia International.
Oh no, the horror!
I remember when traders were saying that capping the gas prices at 200E/MWh is a bad idea and it will destroy trading as nobody is selling and buying, we're at 30! Same for oil, putting a cap will reduce volatility and it will affect the markets, oh no the horror of the outcome!
The entire economy is doomed if short-term speculators will quit the scene! Please come back when I ask you to!