Bitcoin continues sucking out all alternative coins.
Etherium was not so cheap like now since 2016.
This would not end good, as soon as panic will start and alternative coin traders will start dumping theirc coins for bitcoin.
It would result to short rise of bitcoin price due to artificial deficit of bitcoin, but will not mean there is new money entering the market....
Just restructuring money initiating big trading volume for bitcoin only - 80% of trade volume currently is only bitcoin.
But if you do not have alternatives where bitcoin could be invested and used it becomes USELESS...
Etherium was not so cheap like now since 2016.
This would not end good, as soon as panic will start and alternative coin traders will start dumping theirc coins for bitcoin.
It would result to short rise of bitcoin price due to artificial deficit of bitcoin, but will not mean there is new money entering the market....
Just restructuring money initiating big trading volume for bitcoin only - 80% of trade volume currently is only bitcoin.
But if you do not have alternatives where bitcoin could be invested and used it becomes USELESS...
