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RE: How Bitcoin traders control the altcoin market? The reason behind decreasing altcoin price in BTC's current short bull run.

in #bitcoin6 years ago

The leadership from Bitcoin will continue for some time as there seems to be a "flight to quality" shift among investors. They prefer to be in the larger assets at this point and not one is better than Bitcoin. However, there will soon be a time that assets will start to be priced on their own merit instead of just following Bitcoin. STEEM is definitely one that should be high on the list given the characteristics it has when compared to others.

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I do not see the quality technologywise.... Bitcoin can be killed with 51% attacks for very little money...

It may not be the best from a technology perspective but it is from a security side. I cannot agree with your comment on being able to do a 51% attack with little money. It would take billions of dollars to do that and with the distributed amount of mining power, there is little incentive to do so.

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