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RE: Alt-Coins Are Bouncing
I agree that alt-coins will continue to rise and Bitcoin will lose market cap dominance over time. I just don't see a 20x run-up in coins like Ripple over a few short weeks to sustainable over the near-term, so a correction is inevitable.
As I think I once said in one of my other posts on Steemit, I disapprove of the word "correction" in reference to cryptocurrency markets. A correction, in my view, usually applies to things which actually have intrinsic value - for example, shares in a company have real value and if they are beings sold for more than the company is worth, then a correction is necessary. Potential values also plays a part, though, and as Ripple is (more of) a 'professional' cryptocurrency, I suppose "correction" is actually an apt word to use.
Correction merely refers to a decline in price -- at least that's how I'm using it here. Intrinsic value has nothing to do with it.