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RE: Bitcoin takes Top 7 Spot for Most Popular Google Searches
Would buying other altcoins work as a protective measure or everything goes down when the big guy Bitcoin falls?
Would buying other altcoins work as a protective measure or everything goes down when the big guy Bitcoin falls?
I think then the party is all over!
Depends. Many altcoins are being driven up by the flood of money into cryptocurrencies so they will ride along with Bitcoin to a large degree as a store of value. Altcoins that have more practical applications to base their value on would probably still sink with Bitcoin initially but might be able to then capture more of the total market share. So in the long term if Bitcoin falls there's probably money to be made by investing in the right altcoins. But who knows... it's crazy right now.
It is hard to say but it seems to me keeping it in ETH right now is a safer bet. If you don't want extra risk for bigger gains.
Yeah ETH is probably the safe altcoin if there is such a thing.