With altcoins on the rise like DASH, I'm extremely worried about bitcoin. If bitcoin dies then confidence in all crypto coins die.
there will come a time when even bitcoin might die. But i highly doubt it will be any time soon. Just do not panic and sit on your BTC. is just NOOBs buying fud and panic selling.
Noobs? Why wouldn't you temporarily swap depreciating asset for appreciating one? After the bottom is reached, you swap back and have more bitcoins.
But you don't know when DASH will reach its peak or when Bitcoin will reach its bottom. I would even argue that DASH has already reached its peak of around $100 and is not being pumped so much anymore. I think that the pumpers who have made it this high are trying to simulate a real rise by holding it up long enough for it to actually receive market adoption, but it's very unlikely to happen.
Bitcoin won't be on its way down for a long time, so why panic sell when it's at a comparatively low point? The best place to sell Bitcoin was a couple of weeks ago and if I had owned more Bitcoin I would have done that anyway.
Regardless, people are talking about DASH as if it's on its way to Bitcoin but its market cap is many, many times lower than that of Bitcoin. A huge amount of the problem is just that its supply is less than half that of Bitcoin which creates the illusion that its price is high when its actual market cap is still very low.
Ethereum is doing a LOT better than DASH and it will still never reach the same levels that Bitcoin is already at.
Cheap coins everywhere. It will recover soon, pump and dump happened 100's times for btc .
