Bitcoin(BTC) "The heart of cryptoworld". Importance of Bitcoin in cryptomarket. BTC have huge impact on cryptomarket. Steem to become the Brain of crypto world.

Its almost two months now that I am actively connected to the world of cryptocurrency. So today I thought to share my thoughts on Bitcoin(BTC) and crypto market. This is for the first time that I am writing about cryptocurrency on Steemit, while being on Steemit for almost two months.

In this two months journey of mine, I have noticed that the prices of cryptocurrencies vary every second. For the last few weeks, crypto currencies have faced a major downfall. The biggest example is Bitcoin, which was at 17000$ (Start of January) and dropped to the lowest of 6000$-7000$ (February 6) in just couple of days.

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Above picture shows the peak price of Bitcoin during the first week of January.

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In this picture, you can see bitcoin hitting the lowest of 6000$ mark on February 6.

Now BTC is rising again and its rise and fall is hugely impacting other crypto currencies as well. In most of the cases, the drop in price of BTC means downfall of every other crypto currency as well. Here is screenshot of it.

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As you can see, the percentage values on the right corner shows the change in price of currency(1st percentage shows change in price in an hour, 2nd percentage shows change in price in 24 hours period and 3rd one shows change in price during a week or 7 days). Most of the percentage values are in red which is a sign of decrease in price of the currency. Notice the decrease in value of bitcoin and the prices of most of the other crypto currencies are decreasing too.

Now this picture will show an increase in price of BTC and the prices of other crypto currencies are increasing too.

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Percentage showing in green is a sign of increase in price of currency.

By examining and witnessing the dominance of bitcoin on crypto market, I can confidently say this,

"No doubt! Bitcoin is the heart of crypto world ( crypto body)".

Why I called Bitcoin the Heart of the crypto body:

In human body, the heart is the organ that pumps blood to the other parts and organs of the body. And they function as long as heart is pumping and blood circulates through the entire body. When the heart stops functioning, blood circulation stops and therefore the human body starts malfunctioning. And this is a great analogy for knowing the importance and impact of bitcoin on entire crypto market. I know most of the people will agree with me on this.

Some thoughts on Steem as a crypto currency:

While seeing the dominance of bitcoin on crypto market, I have my eye on Steem as well. And we all know that Steemit as a platform and Steem being the currency of it, has a very bright future. I have noticed that during the huge downfall of crypto market, every currency was affected by it including steem as well. But the good point about steem as compared to other currencies is that it bounced back and stabilized itself. Currently Steem is at,

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But we(Steemians) don't want it to stay at this price for long. We want it to reach 15$-25$ mark by the mid of the year, which is possible.

Why I want Steem to become the Brain of crypto body:

In human body, the most influential part is the "Brain". It controls every other body part and organs. It transfers signals to other body parts to perform different actions. Without it, they can't move or do anything. This is the reason why I want Steem to become the brain of crypto world(crypto body) to be the most influential currency of the market.

So these are my views how I see the current scenario of the cryptocurrency market. These are just my point of views about how I think and what is happening in the crypto world.

Disclaimer: Please do your own research before taking any steps or doing anything. The above information shared, is just my opinion. Don't take them serious. In case of any kind of loss, I will not be responsible.

Regards,

Arslan Hyder.