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RE: Why Bitcoin Could Fall Lower From Here

in #bitcoin7 years ago

This is a good thought, but it is important to remember that a lot of the "rocket fuel" that BTC has during this time was mainly due to an extremely high increase in media attention and news coverage. This year alone has been astounding for awareness around cryptocurrency in general. While I don't entirely disagree that it is a possibility, it is still important to separate the market-analytic factors from the emotional/media factors to best understand how things may not repeat that way. Predicting either direction is hard, but in the long run all 3 will most likely see an overall uptrend so still good news for everyone!

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When it comes to advantages, BTC has "first", "biggest", and "most well known". Other than those, which are huge, no doubt, I fear it will not be the winner in the long run. I'm investing in BTC, ETH, and LTC because those are all GDAX had when I started a few months ago. I'm looking for an exchange where I can get into IOTA but not liking the buzz around the ones that currently offer it. Because I'm not a deep thinker my main chance in this game will be diversification.

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