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clock Created with Sketch. 29/06/19
09:03
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Originally posted by skypiliot:
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Actually I slightly disagree with him. I have posted before that the market is different to 2017 this time . Institutions were not there then. It consisted of long term hodlers and newbies . There is very little evidence of newbies in the present market and if present are in small numbers , They are the ones who flowed into altcoins . Hodlers are unlikely to move to altcoins as they are philisophically and wedded to the technology Bitcoin . Institutions are constrained by the rules of their funds . Therefore for altcoins to significantly increase in value there needs to be an influx of newbies . This is possible as evidenced by the 21% increase in Bitcoin SV after it was mentioned on a American TV programme in the last 24 hours . However google searches for bitcoin are only at 2013 levels not 2017 and the exchanges are not struggling to keep up with the number of people trying to sign up.
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I agree, as Netflix released their bitcoin documentary in mid 2017, bitcoin soon took off the the moon, then altcoins took off to the moon too. History repeats, and altcoins will explode in value. I say get them while their cheap as oneday you may miss this kinda spike....see pic below
