Thanks for the reply. You are probably already aware that as Bitcoin takes up a huge percentage of the total market cap, it greatly affects the overall market cap. Whatever Bitcoin does affects the market cap. If Bitcoin goes up or down slowly, then the altcoins follow. It is noticeable that as Bitcoin goes up extremely fast, then it sucks the life out of the other altcoins as everyone tries to buy in. This is because converting from fiat to crypto is a slow process with limitations. The only other place find currency is in altcoins as they are very liquid. The problem with this is that the powerful players are manipulating the market. I think that eventually altcoins will grow to a larger percentage to help limit control and manipulation of the market. By the way, altcoins have been growing at a faster pace than Bitcoin.
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I love this vision of the market, bitcoin is the mascot, the gateway for the moment, so that people are interested !! the various ways to go from FIAT to cryptos are constantly growing. Bitcoin will slowly lose its size but the market will grow with the altcoins. what will be the champions of 2018, the is the questions !! if we know how to answer the profits will be there !!
it's nice to read people who have deep thank you
I'm betting on Steem. HEAVILY....
i m betting too !! i take profit and i invest in steem too!! good choice !! we ha got STEEM POWER!!