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RE: Want to take your BTC profits and sell them? This simple trick will save you time and money!
If BTC crashed, it will crash other coins as well.
You think all these new found love of crypto from newbies like me will linger after BTC has crashed.
If for some reason BTC crashes, lot of people will get out of crypto all together as these people are in it to see their money doubled, none of them have even used BTC or other coins for their intended use. So I would stick with BTC for now.
I often get the sense that 50% of the volatility in the market comes from first time buyers who get nervous once they see even the tiniest downtrend.
I completely agree. There are lot of new comers in the market driving crypto market.
There are three coins that almost every single new person on Crypto buys are BTC, ETH and XRP.
If BTC crashes they will lose confidence in cryptocurrency and will move out all together.
i am agree with you. BTC is considered the first entrance into crypto world. Most newbies need it to buy their first crypto. If it crashes, other coins are hardly to survive.
Not necessarily, they would move funds from bitcoin to altcoins like when china fud happened and bitcoin tanked alot of alts did pretty good.
I remember Ether and Litecoin dropping quite dramatically when China banned bitcoin. My Litecoin halved their value. Looking back, I wish I bought more in the dip...
I think long term BTC holders and traders aren't going anywhere and the newbies will be back. If it crashes there are lots of folks waiting to buy more.