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RE: Futures Products only adding to the popularity of Bitcoin
The Bitcoin futures are great for Cryptocurrency but bad for Bitcoin. It is time to move on to better projects.
The Bitcoin futures are great for Cryptocurrency but bad for Bitcoin. It is time to move on to better projects.
I agree, the price of BTC has been capped since futures started trading, other cryptos have started to move up in value. I think more people will move on from bitcoin and venture into different currencies. This could be bad news for bitcoin in the long run.
Still, bitcoin is bigger than the other top 5 cryptos in market cap
I completely agree with this statement. I just hope that large "pump and dumps" in bitcoin, by large investment companies, don't drag other cryptocurrencies down as well in the short term.
The pump and dumps by the investment firms are a big deal and something to be considered.