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RE: A Look Back at BTC Price Manipulation Before and After the VanEck ETF Delay

in #bitcoin • 6 years ago (edited)

I'm also not sure that what we are seeing is linked to the the ETF. However my opinion is based on a simpler notion. Recently when Bitcoin went up OR down in value it sucked in market value from ALL the altcoins. Bitcoin market value domination is now at 51% up from 50% two days ago and up from 39% a month ago. The speed of vaccuuming is increasing.

This is all despite altchain projects actually coming to fruition, goals being realised and increasing presence of mainstreet in cryptospace. Similar shakedowns occurred in internet 1.0 and 2.0.

6 years ago in #bitcoin by
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     6 years ago (edited) 

    Fully agree with you @sugarfix. I also find the BTC dominance growth very noteworthy and also somewhat surprising given that some altcoin projects are showing progress.

    Regarding Bitcoin: I am very bullish on Bitcoin in the long-term and also wrote a longer research post about it a few days ago. Have a look if you are interested: Bitcoin Research