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RE: (CRITICAL UPDATES): BITCOIN, GOLD, SILVER, STOCKS, BONDS. By Gregory Mannarino
Resteemed and upvoted! Hey Greg, I'm starting to wonder with this selloff, how much influence does the actual price of Bitcoin have on the price of other altcoins. Most other altcoins seem to be down too. If you decide to get into an altcoin, would you be looking at the price of Bitcoin to stabilize first?
@koljak...My opinion...In past when Bitcoin went down all the others went down too. It's still a normal reflex. I'm sure this will start to change. I would sell all Bitcoins immediately. I would buy Ehter or Steem right now. It's a perfect point to enter after a 30+% lost.
Some analysts are saying Bitcoin may drop to 8000 in the near term, but are still bullish overall. I think I'm going to wait till I see the price the price drop a little more before I step into any other coins.
@koljak...Bitcoin can rise as usual. For me are too many uncertainty with Bitcoin. You have to follow your feelings.
Hi koljak, I´m not that deep into Bitcoin-investing like Gregory or others, but what I already could see, is that Bitcoin act as the benchmark for other altcoins. Bitcoin has the biggest market-cap and so there´s the biggest liquidity, also for bigger players very important, he is easier to handle. Bitcoin is like the first wave (also because they can take influence bitcoin easier with the futures)... when the bitcoin-wave starts up or down, you always can see some big flipping into other coins...
I think some money from Bitcoin will soon move into other altcoins. We could see altcoins make a run in 2018 just like Bitcoin did this year.