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/biz/ - Business & Finance

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5240964 No.5240964 [Reply] [Original]

Is Bitcoin losing its dominance a good sign or a terrible sign for the whole market?

>> No.5240999

good, very good

>> No.5241025

i think its good bc it wil bring others to look at ALTS FOR THEIR UTILITY not because its a "coin" it will actually mean that whatever is meaningfull can prosper

>> No.5241064

>>5240964
very good. bitcoin is shit anyways

>> No.5241069

it's unequivocally good, what would be bad is if normies figured out that their bitcoins were completely useless, at least other cryptos can be transacted

>> No.5241074

>>5240964

What do you think is Wallstreet going to do when they realize they did bet on the wrong horse?

>> No.5241112

>>5240964
terrible sign. All the normie money will slowly leave, sending alts down to ICO prices

>> No.5241123

I'm confident too that only coins with real value and use case are going to survive.

At least until the beginning of a new cycle.

>> No.5241128

>>5240964
Bad in the short term , considering all Alts are pegged to or
fully dependent on BTC

Good in the LR, as Alts begin to scrap BTC and embrace more Fiat pairings

>> No.5241191

Try moving bitcoin off exchange the fee would have been $70. Always have to sell to ltc or eth to transfer off exchange taking away gains due to exchange fees! fuck this shitcoin

>> No.5241211

>>5240964
short term bad, long term good

>> No.5241240

>>5241074
Cry to the SEC