Cryptocurrency too many kinds

Bitcoin fell below $ 10,000 again by 8 am this morning!

In the fundamentals section, there is also a report that the Japanese Cryptographic Monetary Promotionist Fujimaki won the upper house election and that BitMex has been investigated by the US Commodity Futures Trading Commission (CFTC).

On the 19th, 20th and 21st, about 14.6 billion yen of BTC was drained from BitMex, and about 4.2 billion yen came in, and the outflow amount exceeded the inflow value by about 100 million dollars.

Such immediate news is happening, but in fact the number of bitcoin transactions and the hash rate continue to rise.

2017 and 2018.

Due to the influence of ICO, etc., the types of cryptocurrency increased at a stretch.

The number is said to be more than 1,600.

Too many cryptocurrencies are entering a time of forgiveness.

Among the 1,600 kinds of cryptocurrencies that have increased too much, only the ones that are actually high in utility value remain and the rest will be lost.

Of course, BTC will continue to be the most cryptographic currency among them.

The BTC rating has earned the highest “A-” ever.

In addition, with the price increase from June, the market share of the entire cryptocurrency is in the state of attracting attention to BTC such as exceeding 65%.

In response to this, Mr. Murfski, a famous analyst of cryptocurrency, says:

When this happens, 80% of BTC’s market share is predicted, Altcoin will shed blood beyond your imagination, such as Ethereal (ETH), Ripple (XRP), Lightcoin (LTC), etc. We predict that the price of alto coin will fall sharply.

We strongly warn our investors to maintain a position to invest mostly in BTC.

The chart showed that the price of BTC will rise and the price of other alto coin will also rise, but recently, even if the price of BTC goes up, the amount of alto coin will not rise and it will fall.

There is a growing movement to sell altocoins and buy BTC.

If this development continues, as Murfski predicts, BTC’s market share will rise to 80%, and having an altocoin as a portfolio may lead to a large loss.

The growing number of types of cryptocurrencies in the process of spreading to the world is a positive factor for the cryptocurrency industry.

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