As we all know , crypto market is not doing so much in these days. Major Altcoins are bleeding, even top currencies are not increasing
Major reason according to my opinion is the lack of new investors. New investors are not showing interest.
in 2020 I think will be better than Today. What do you think, what is your prediction about crypto market. kindly share your thought.
The reason why altcoins are not going? I would say it's because a substantial amount of the money that is being invested in cryptocurrency is going into Bitcoin and not altcoins. And a lot of investors have been selling their altcoins and buying Bitcoin, that has contributed to the major fall of altcoins. Another problem is all the shitcoins in the market that keep ruining everything (that's another long story).
Honestly, I think you guys are too paranoid about the price of the altcoin market downtrend because the last time i checked the capital market and some altcoin chart, there are still some altcoin which still follow the trend of the bitcoin market. Yes, investors focus on bitcoin but also focus on some altcoin too.
Everyone now has their attention on Bitcoin and a lot of influencers are contributing to that by telling investors that follows them that altcoins are never going to make it, so they should only invest in Bitcoin. Just like around September when Keiser warns that altcoins are not coming back, a lot of Investors got scared and pulled out their money and started investing in Bitcoin causing the dominance to hit 70%.
You're about the statement made by so.e influencer people but don't you think this is just an act of making the price of the altcoin market to dump while they accumulate it in cheap and make a huge gain when the altcoin season arrives?
Pls people be wise