How to understand the difference between Bitcoin crash and altcoin

in #busy7 years ago

After a sharp decline in market capitalization in the cryptocurrency market this year, it makes sense to wonder whether interest in advancing blockchain technology has been reduced. But knowing why big assets like Bitcoin have overcome the storm better than altcoin helps us understand how and why they can recover.
The fall of Bitcoin prices in the first quarter of this year is somewhat inevitable. It's not a reflection of technology, but the fear and greed that drive amateur investment decisions. With the trend of altcoin trending with Bitcoin, who is the most losers and should we survive for the next chapter?

IMG_20180413_144003.jpg

Will the cryptocurrency market be recovering this year?

To reaffirm the points made on the previous blog, the fall of the Bitcoin price is only temporary. While the price of Bitcoin has declined in sync with the crash in altcoin, the technological capabilities of this cryptocurrency have been accelerated until early this year. This will only get better as more resources accumulate into the cryptocurrency space. Furthermore, the emerging regulations are a positive sign of institutional money (think private equity and hedge funds) that are trapped. With a leading social media platform banning advertising for "scammy" ICOs and countries such as Japan and South Korea stepping up regulation, we hope to see huge capital inflows going into the second half of the year

For those who buy Bitcoin with credit cards at the height of the boom, this may not be much rest. However, for those who invest what they are capable of losing, the market will return to its former glory by the end of 2018. Remember, you only lose when you sell.
As the price of Bitcoin falls, the market changes from greed to fear and crash altcoin ensues.

Why noticed the biggest loser in an accident?

Identifying the biggest losers can help us to make our future investment decisions. Those who fall furthest in altcoin accidents are likely to cryptocurrency built on hype and speculation. While the technology may be solid, the market significantly overvalued cryptocurrency given its current capabilities. For more experienced investors, let's just say that the P / E ratio (price to earnings) goes far beyond the market average.

Cryptocurrency that falls least during altcoin crashes is likely to be built with strong technology, has a committed community of investors and has high-quality engineers working on technology. In our experience, this high quality project should be an important part of your cryptocurrency investment portfolio.

Who is the biggest winner and loser in crypto?

Seeing the fall of Bitcoin prices vs. falling altcoin prices, it is fair to say that Bitcoin is still better than most altcoin. Using data from the ATH altcoin index, Bitcoin placed 7 in terms of current prices vs high all the time. This means altcoin generally loses more value than Bitcoin during a new deterioration - a sign of blockchain pioneering endurance and community loyalty as bag-HODLers. Altcoin beat Bitcoin including Binance currency exchange (BNB), Monero privacy coin (XMR) and Aeternity (AE) smart contract protocol. Of the altcoins that culminated before the fall of the Bitcoin price, the Bytom (BTM) multi-chain protocol has outperformed all other coins.

The biggest losers in altcoin accidents include two Bitcoin forks, Bitcoin Diamond (BCD) and Bitcoin Gold (BTG) as well as ZCash (ZEC) privacy coins that are down about 96 percent of their all-time high. While it is surprising to see strong projects such as Cardano (ADA), Siacoin (SIA) and NEM (XEM) with about 80 percent decrease in the ATH Coin Index, it is a reflection of those who are overvalued during the gel

Coin Marketplace

STEEM 0.18
TRX 0.16
JST 0.029
BTC 77191.63
ETH 2961.40
USDT 1.00
SBD 2.63