Your post was upvoted and resteemed on @crypto.defrag

What you said is right. Many people have bought Bitcoin recently because of how it has falled this period base on the Luna issue. It is an avenue to own a Bitcoin, we never can tell, the market can bounce back and we all will be smiling once more.

So many people have sold other coins to buy BTC, and we can see that in the dominance BTC is now having in the market. We just hope these tough times get behind us quickly, and BTC price hits the 100k$ mark we've all been wanting it to reach. It may actually be a good time to buy BTC. Nice publication.

Hello friend, you are right, recently I saw a news where the increase in the dominance of BTC these days was commented, apparently many people sought refuge in the Bitcoin in this fall, something that shows the confidence that many still have in the BTC.

I believe BTC will still rise again. It is just a matter of time before we see a major move upward by BTC again

Gracias amigo @chucho27, por compartir esta información.

hello @chucho27,
It is normal that people who have investments in weaker projects decide to take refuge in an asset of much more value or at least in an asset that has withstood all the market declines, which is why these days many investors in the crypto world will end up sending all the money in their portfolios to bitcoin to ensure the value of their investments while the market stabilizes.

Greetings @chucho27
I think this is a common practice where Bitcoin is the only one that comes out more favored with this situation, I hope it can correct the market in general.

Thank you very much for sharing your publication

My humble opinion is that Bitcoin officially entered a bear market. It might last for several weeks or months...Not too optimistic but I'd prefer to be realistic

Thanks for sharing :) @chucho27

Dear @chucho27

I remember one small conversation I had just a couple of weeks ago with a friend of mine. We talked about BTC rebounding. It had reached 45k at that time and moods between investors and youtubers were growing.

At that time I've mentioned, that part of me expect another solid crash before markets will really start to recover. Part of me expected that 30k support level need to be re-tested at least one or two more times. 

Currently, I'm more bullish than I've been back then. After all: news about war and sanctions towards russia couldn't bring market dowwn below 30k and LUNA collapse resulted with drop below 30k for a short while (volumes increased enormously, which is a good sign). 

It's really difficult for me to imagine what kind of news would be needed to bring markets even to lower levels. It seem that even such a terrible news (war, luna collapse) were not "tragic" enough. In other words: it seem that spreading fear and making people sell their crypto (panic mode) is quite challenging already. And that's a good sign of upcoming recovery.

Cheers, Piotr

Hello dear friend, as always with very important topics. I believe that this great fall will soon be solved, we know that the market is like that, so far we know that it will probably go up again, we are already in that. Greetings.