You are viewing a single comment's thread from:
RE: Bitcoin now accounts for less than half the market cap of all Cryptocurrencies
Good point. But crypro market is different from stock market as well. Main difference is amount of capital invested in those markets. Crypto market is tiny compared with stocks market. If you look back at Bitcoin bubble in the end of 2013 (Bitcoin was around $1K at that time), then you will see that it crushed just within 1 year to around $200 for Bitcoin (80% drop). I would expect similar timing for many alt coins bubble burst.
Yes the markets are different sizes and things move a lot faster now than they did in the late 90's. However I still stick with my premise that this is more of a shift than just a flash in the pan bubble. Time will tell I guess.