Bitcoin dropping, altcoins are pumping.
These marketcaps don't represent real value of the networks of these Cryptocurrencies. If you believe that Doge Cardano, and the rest are worth this much, then you are welcome to burn your money instead.
Once again the market ends, with Bitcoin fees rising and altcoins pumping. It is the same again, same old recipe from 2017. I wonder if altcoins can grow higher and Bitcoin whales pump them even faster. I'm sure they can do that again.
Bitcoin is dead. It doesn't work and all those invested at $60k will be back to sell at prices bellow $10,000. There is only altcoin season now, that will of course end with prices dropping 99% lower.
In between all this fake market caps and fake utility, is a shining example of one Coin that is working. Bitcoin Cash is now having more transactions than Bitcoin and even the Bitcoin maxis are losing their faith in Bitcoin. They did so many mistakes, only had some idiotic quotes and spammers to promote it as a Ponzi scheme.
Bitcoin, the way it is today, without development and some random teams that hijacked it, it is just a Ponzi Scheme. It is over and there won't be any other ATH. I'm risking now but I will say it and it will remain in read.cash.
We will not see another Bitcoin ATH, ever.
Take a look at Grayscale and the GBTC fund. It dies a fast death. Nobody wants GBTC and nobody wants BTC not at these prices, and not at any price. Bitcoin died because of fees, but this doesn't mean the rest cryptocurrencies will suffer.
Bitcoin Cash will take control. It can take many years, but since I believe cryptocurrencies will become more dominant as payment methods, it is only Bitcoin Cash that is working.
What I expect is a new Bitcoin Cash ATH and a battle for dominance that will end with Bitcoin Cash being on top of the indexes.
Since this market is a joke with Bitcoin Core in charge, I expect it to become more rational when the dust settles and the coming bear market destroys Bitcoin Core.
If you want arguments there is only one you need to know. Bitcoin Core is over. Those that support it, are financially illiterate and can instead support any kind of Ponzi or Pyramid there is out there, with the same vigour and passion.
Bitcoin has absolutely nothing to offer. All this time it was a huge marketing ploy with the halvings and the fund managers that pushed idiots controlling hedge funds to buy Bitcoin. That other idiot, Saylor, should enter rehab for gambling addiction and Elon Musk should probably cut the pot, as he is going to lose a billion with his lack of judgement.
This is a clowns market, Dogecoin thrives and idiots are already losing their money. I won't sympathise with anyone that will lose the funds invested.
Bitcoin (the Core version) has reached a top, but it is not a temporary one.
$64,899 for BTC will be a permanent top that it will never reach again.
Bye BTC. I know about the 400 obituaries by the way. However this is not one coming from popular media. This one is coming from someone that was one of the top supporters.
BTC is dead, long live Bitcoin. Bitcoin Cash.
