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RE: Update: Bitcoin's price re-enter the $16K zone.
I see a lot of consolidation but that doesn’t mean it will go up from there. I see BTC as the poster child but not the one that will get the biggest share of the crypto market in the coming years. Plenty of other coins that can become much more valuable (could be in total market cap though).
What do you think about that?
At some points, i agree with you and I think bitcoin as a gamble I do not wanna spend on my money. as I have written other coins got major jumps in values, as you can see steem dollar have got more value than before and can go much higher in upcoming future. As you know bitcoin is a big cryptocurrency and sometimes it goes drastically down in value, thats why i am saying bitcoin as a gamble. And i think ripple can surpass bitcoin in near future and also Ethereum as it has got 3.26% change in 24 hours as compared to bitcoin which is 2.27%. Thanks.
Thank you for sharing your point of view. It's natural that there's more growth potential in the lower priced coins but usually this comes with more risk.
Then again the whole market is high risk.