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How will other Cryptocurrencies be Affected if Bitcoins (BTC) drops to zero?

How will other Cryptocurrencies be Affected if Bitcoins (BTC) drops to zero?

Now, let's be clear on one thing; this question pops up in a while. BTC falls to zero Even some non-crypto users ask what would become of the cryptocurrency market. Although some crypto users were not interested in getting answers, but when the bearish trend intensified in November and BTC hit a trading price of $ 3200, a ton of traders were curious to know what would happen to their funds, exchanges, investors and the technology of the digital currency if the token fully bottomed.

Will trading still continue? Yes, it is BTC bottomed, in fact, traders who believe in coins like Ether and Ripple XRP to be the new BTC will continue in trading. BTCs downfall will be the end of cryptocurrencies, however, the effects of BTCs will be downfall will largely affect the already volatile structure of the cryptocurrency market.

Reduction in adaptation

Currently, BTCs market cap is a total of $ 67.53 billion and 1 BTC is currently valued at $ 3869.74. To say that BTC loses its entire value, it is to say that it is the same that it is

This is the case with the market for $ 6 billion which has been in the running for 10 years. BTC goes to the BTC goes beyond its current trading price, so it can not be more than a pump in other altcoins to convince the already skeptical public that cryptocurrency is inherently valuable.

Lower investment rate

Already, prominent economists have canceled BTC. Warren Buffett even stated that it is not only for the arrival of new traders. BTC to Ponzi schemes This is in itself has birthed numerous naysayers.

Seeing that regulatory is also a huge work in progress, the crypto technology is still in the "Trial and error" internship. BTC will close many doors to sizeable investments. BTC were to lose its entire value. Not only with academic institutional adaptation cease, but newer investments from promising sectors will also become stagnant.

Conclusion: The effects of BTCs downfall goes beyond the cryptocurrency market. With social and academic institutions showing great interest in crypto, all coins remain valuable for the growth of the market.

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