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RE: Bitcoin and its sustained growth

in Project HOPE3 years ago

Friend @madridbg, it doesn't happen that way, mainly because, people who have cryptomonies, start selling them to be able to buy BTC, and this generates a constant sales pressure, which makes the prices of these cryptomonies fall. Now, after BTC makes some important correction, or enters accumulation ranges, these same people who sold their cryptomonies to buy BTC, before a bear market occurs, start selling their BTC to invest in lower value cryptomonies, and this cycle repeats itself over and over again. The point is, while the BTC is constantly growing it is difficult not to generate selling pressure on the rest of the cryptosystems.