| submitted by /u/Etovia
Bitcoin (BTC), has a huge sway on the entire crypto market. So much so that you can easily predict the direction that altcoins will take, simply by …
Google Alert – bitcoin
In the past 30 days, Bitcoin is up 7.2% and only 5 coins have performed better than Bitcoin in fiat value change. And of those, only Litecoin has a market cap that puts in among the major coins. All other coins have lost value compared to Bitcoin. During this same time that Bitcoin is +7%, Bcash is -20%, for example.
This phase is a healthy and necessary and welcome cleansing of the market. When it completes, Bitcoin will take its next leg up in value to new ATH.
The message should be loud and clear to people wanting to fork off the mainline of BTC – you don't control the situation no matter who you are, and your newly-minted coin is going to be considered the weaker, junior alt.
If those wishing to fork for whatever reasons were truly smart they would figure out how to help core implement things that will allow them to have profitable side businesses, rather than polluting the ecosystem with more silly altcoins.
Otherwise soon we’ll have Bitcoin, Bitcoin cash, Biitcoin, Bitcoini, Bitcoin2, The Bitcoin, Bit Coin… Etc