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Author Topic: As Bitcoin falls below critical support,altcoins are on the verge of a crash  (Read 1479 times)

Offline Fenix

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Such a deep periodic price drop in the cryptocurrency market is actually very beneficial for altcoins. Now we already have over 20,000 different altcoins, a significant part of them are useless, and such a fall will allow us to clear the garbage in altcoins. A strong and useful cryptocurrency will survive, and the unnecessary will leave this market. This situation repeats itself from time to time and this is quite normal.

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Offline KaliLinux

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Such a deep periodic price drop in the cryptocurrency market is actually very beneficial for altcoins. Now we already have over 20,000 different altcoins, a significant part of them are useless, and such a fall will allow us to clear the garbage in altcoins. A strong and useful cryptocurrency will survive, and the unnecessary will leave this market. This situation repeats itself from time to time and this is quite normal.
I quite agree with you. There are a lot of Altcoins in the market with the purpose of just scamming investors without any good product to offer even though we know some people even look for such with the aim of making quick money but as you rightly mentioned, this type of market dips help to show those weak projects as they can't survive long is the long bear market season. 

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According to analysts, altcoins are on the verge of displacing bitcoin as the world's largest cryptocurrency by market valuation. Bitcoin, on the other hand, is edging closer to breaking through crucial support levels.

Kevin Svenson, a popular crypto expert, told his 101,000 Twitter followers that while Bitcoin and Ethereum have the disadvantage of retracing back, altcoins are poised to experience even greater corrections.

I don't think that altcoins are on the verge of displacing Bitcoin in the foreseeable future as per marketcap. I think that your analyst may be getting wrong, and if there is such move, it may happen on the short term. You see, there are many analysts with deferent analysis, and so many are inexperienced with poor market forecast. I advise you to confirm your understanding with some other reputable analysts for a better predictions.

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Offline TOP_ETH

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it's true that when bitcoin crashed altcoins felt a deep impact but it was only for a moment the market would recover and many people took advantage of the moment to take advantage
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Offline legend45

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it's true that when bitcoin crashed altcoins felt a deep impact but it was only for a moment the market would recover and many people took advantage of the moment to take advantage

We all know bitcoin is the King of crypto currency and altcoins are just follower.
When bitcoin crashes, altcoins will crash
It's  good time to buy and collect those

Offline Astra

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BTC will never lose its ground despite the fall and crash. Coming to the alt coins, the strong ones will remain and recover after a crash. If you are holding the right ones, then there is no need to worry.
Such deep and long price drops in the cryptocurrency market are also beneficial as they allow the market to clear out various useless cryptocurrencies. Therefore, both falls and growth are almost equally useful for this market. Of course, we do not really want prices to freeze for a long time at low values. But there's nothing to be done here. This is a decentralized market. It does not have a regulatory body, and therefore much on it depends on a series of various accidents.
Bitcoin is one of the cryptocurrencies and anything can happen to it.

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..J O I N..
  ...MINT NOW...

 

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