Bonfires_Down
Short

Bitcoin in for bear market

BITFINEX:BTCUSD   Bitcoin / Dollar
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My current thinking is that Bitcoin             is in for a significant period of consolidation. Price has fallen far enough that investors are scared and it won't bounce back hard like it has done during the last few corrections. So what I'm thinking is that Bitcoin             is going to consolidate at 5k-6k and it's going to stay around that area for a few months. Ethereum             will likely overtake the #1 market cap spot during that time, though not necessarily permanently. It will likely also be a good period for altcoins as they won't constantly be pulled down by a dropping Bitcoin             . By the end of it, Bitcoin             might just be "another coin", though still an important one, rather than the arbiter of the whole crypto market.
joke or what
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@ghose12, Why?
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ghose12 Bonfires_Down
@Bonfires_Down, when btc goes down everything goes down ..ETH will too get effected ..it can take 1st spot if everyone dump their coins to buy ETH
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