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RE: Bitcoin and its sustained growth
Very good information that you share with us @lupafilotaxia, I on the other hand thought that if the bitcoin goes up it will drag the rest of the coins below it when it is expected to stabilize horizontally. Thank you for the caveat
Friend @madridbg, it doesn't happen that way, mainly because, people who have cryptomonies, start selling them to be able to buy BTC, and this generates a constant sales pressure, which makes the prices of these cryptomonies fall. Now, after BTC makes some important correction, or enters accumulation ranges, these same people who sold their cryptomonies to buy BTC, before a bear market occurs, start selling their BTC to invest in lower value cryptomonies, and this cycle repeats itself over and over again. The point is, while the BTC is constantly growing it is difficult not to generate selling pressure on the rest of the cryptosystems.