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RE: The almighty price of Bitcoin
Wont it be profitable to convert crypto into some currency with lower market capacity????????? bitcoins are making so mucg progress right now all for what coz it has only 21 million market cap max... if u invest into something into even lower market cap then today or tomorrow u can make way more money...plus bitcoin mining is becomng so expensive now that unfortunately people will lose interest i think investing into btc wont be the best option u hv right nw
This is the way many investors are thinking, and that is also one of the reasons the altcoin market has skyrocketed this year. The Bitcoin cup is spilling over into all of the other currencies, as people are chipping in money to everything they can find hoping that one of them might go 100x eventually.
wemm l not quite firing an arrow into dark here...If i invest into sm currency like monero which has quite low market cap i think people will buy it ..... if i had alot of money i would buy something that is out thr in low amount other than buying something which is widely available in market...though thats quite nt case with bitcoin it got its popularity as it is the first currency but same thing is nt applicable for other currencies if ur planning for long term investment u should think about how investors are thinking and how thwy will think in future other than looking at past week prices