What will happen if bitcoin sells off?
In the realm of cryptocurrency and finance, the potential implications of a bitcoin sell-off are multifaceted and far-reaching. Could you elaborate on the potential market reactions, both short-term and long-term? How might such a sell-off impact investors' portfolios and sentiment? Furthermore, what would be the ripple effects on other cryptocurrencies and traditional financial markets? Understanding the potential consequences of such an event is crucial for investors and market participants alike.