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If BTC falls to 2nd in market cap, does that hurt all crypto?


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If XRP, or another crypto overtakes BTC in market cap, I can imagine the headlines:

BTC FALLS TO SECOND!
BITCOIN BUYERS FLEE FOR OTHER COINS
BITCOIN BUBBLE ABOUT TO BURST?

I imagine a panic sale would ensue, as everyone realizes the emperor has no clothes.

Is this likely? Would a major BTC crash hurt the entire scene?

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Hmmm...I wonder if that is what might cause the market to correct itself. Where the useless tokens really go away and everything that is left is looked at with a fine tooth comb. 

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5 hours ago, DrWhoAmI said:

Hmmm...I wonder if that is what might cause the market to correct itself. Where the useless tokens really go away and everything that is left is looked at with a fine tooth comb. 

I'm sure people will stop blindly buying any random ICO now. Altcoins will have to prove their utilities in this world.

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