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RE: Market Watch: Thin Ice!

in LeoFinance3 years ago

I think with bitcoin dominance now under 40% there is a good chance it might further sink. When/If that happens it could get interesting as the whole crypto market might not be so much dependent on bitcoin anymore. The 4 year cycle could vanish so to speak. Instead, the market might normalize in the sense that cryptos could have their own cycles. On the other side, the stock market also has its bull and bear phases, so the macro phases of an entire market might always be there

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Everything is connected. Interoperability is the key. Even if Bitcoin stops affecting other markets so much, other markets will start affecting Bitcoin in return.

If the four-year cycle vanishes, the crypto market will become very dangerous to invest in. Because the prices are normally based on absolutely nothing but speculation, the only way to make any money is to buy some shitcoin at a rock bottom price and hope shills are successful at getting dumb money to pump it.

If the four-year cycles disappears from BTC, there is no way of knowing whether it is cheap or not.

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Well I think the 4 year cycle will continue for bitcoin. But other coins might decouple from that cycle. I don't know if it will become necessarily dangerous; perhaps people would finally just have to use their minds and think which cryptos actually have true potential. I would rather welcome that.