We are in the cleansing phase of crypto – where the alts that should never have had high value are steadily bleeding out. This cleansing is a necessary step to enable the next step up for 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.

https://www.livecoinwatch.com/

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.

submitted by /u/bitcoince
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Bitcoin – The Currency of the Internet

Bitcoin is bonkers right now. Here's why you shouldn't count it out.

Bitcoin's price is a moving target. In the short term, the cryptocurrency is plunging in value: from north of $ 17,000 a month ago, it crashed down to around $ 7,500 today. The fluctuations are enough to make anyone wonder: What's going on? In the simplest sense, Bitcoin's price is determined through a …
Google Alert – bitcoin

I have found I stay w in my budget and acquire more BTC by simply asking myself before I buy anything is “Would I rather have ‘this’ or buy more BTC”. BTC always wins out. Give it a try the next time you think of buying something.

submitted by /u/HumblGeniuz
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Bitcoin