How are you my dear friends? I hope you are well. Alhamdulillah I am also well by the grace of God. Guys, it's been a while since the halving, but we still don't see a good upswing in the overall market. Actually friends after Halbing it is normal that the market will slow down for a few days but there is nothing to worry about it we can see a rise in the market again within a few days. And so we are currently seeing the market go up and down, especially in Bitcoin. Anyway, not going in that direction now, let's get to the main discussion.

---

source

---

Those of us who are new to crypto and don't know about it then we get an idea that bitcoin is the only one that dominates the crypto world and if bitcoin ever scams or the value of bitcoin goes down completely then the crypto market will be over and the future of crypto will be destroyed. Will go etc. But can this really be the case in nature? I don't think it's entirely possible. Now many people may accept this matter of mine with indifference, but I will try to understand you as much as possible.

Yes, it is true that Bitcoin is called the mothercurrency. And Bitcoin is in a strong and good position in the crypto world. But if Bitcoin ever collapses, the cryptomarket will never be completely destroyed, as you can understand by giving an example. Suppose, your family has 2 earning members your father and you. Where your father's income is $500 and your income is $200 and both of your incomes cover all the expenses of your family. Now if suddenly one day your father's income stops and only your income is going on, then what situation can be created for you! As your father's income has stopped, your family's expenses will now increase compared to income and there will be a crisis in your family.

Same goes for Bitcoin and the entire crypto crypto world, because we know that cryptocurrency has a current market cap of $2.27 T while only Bitcoin has a current market cap of $1.27 T, so the remaining $1 T is the total market cap of all other cryptocurrencies where Bitcoin currently has a market cap of $1.27 T. Dominance is 54.68%. So you can understand how dominant Bitcoin is in crypto. And so when Bitcoin takes a big fall, naturally the cryptomarkets will also take a big fall. The only major reason is due to the mother currency Bitcoin.

---

Source

---

But if this is true then the condition of crypto world will be very bad and people will become very sentimental. which can take a dire form. Then even if the crypto world wants to, they will not be able to cover this loss just as you cannot cover the entire expenses of your family. And so in this context it can be said that Bitcoin will not completely destroy the cryptomarket. There will still be some avenues open to crypto lovers to revive crypto. And then we will usually find 2 types of people one is a group of people who are crypto lovers who will fight to bring crypto back to a good position, and another group are people who will see the fall of crypto and create unrest in society and have a bad opinion about crypto. It will create a barrier for people to be interested in it.

But not today anymore, I believe you have understood my topic today correctly and you will also agree with me. So I am leaving here for today, friends, be well. Allah is Hafiz.

Some information is collected from Coin marketcap