Which one will come first rising of top coins or Bitcoin prices out pacing all altcoins, crashing the bitcoin exchange trading, when ETF hits? As more and more people will want Bitcoin, the price of altcoins will do both things, it rise in fiat price, but lose in Bitcoin price. However which will come first? Well Bitcoin mania, may drop the Altcoin price. Then those who made money, may buy some altcoins with it or traders may come in with fiat seeing the top altcoins keep rising in fiat prices.
Well, I don't think you can lose by betting on the top coins besides Bitcoin, but could you have made more if kept it in on Bitcoins. Hmm, what a dilemma. Maybe a 50% on each? Well the thing is, the top coins can still be purchased with fiats. Bitcoin prices is too high and hard to come by, these top level alt-coins will be in demand.
What does this mean for the Bitcoin economy. Well it start with a bang. Imagine, Bitcoin lifts Steem fiat price to $20-$50. It take a big bite out of Fiat economies of the world.
Imagine Bat tokens going for $20-$50. When people see the prices keep rising, it will bring more and more people into crypto market. Think about retail market. If they see crypto keep going up, they may start accepting all kinds of cyrpto or the ones that can work fast in transactions.
Money talks, and many walk to it. So Bitcoin boom, will be crypto economy boom. Let's do the numbers here. Bitcoin can hit 25k-30k after an ETF, if it hits end of this year. Next year it may start hitting 50k. Try to see how much Steem is currently .00017 btc at 50k btc, that's $8.5/coin. I would think steem would at least triple if Bitcoin hits 50k, so lets say that is about $25/coin. That start bringing a lot of bloggers over. Same with BAT.
How about staking coins, that can give interest for holding in your wallet. Take Bean Cash or even 808coins. The great thing about Bean Cash is it gives 1000 coin reward to one person and doesn't split it up. Currently it is at 47 satoshi. But it may rise 4-5 times, considering it also set itself as a retailing coin with a fast transaction rate because of 20 million blocksize. So coin may or may not hit big, bit retailers may like for it's speed. 808coin usually trades in Litcoin. What's great about this coin, it gives a high staking reward. The most I seen for the least amount of start up. Basically you may get your startup money back in 2 months or so, if you do the staking properly and depending on exchange price rate. They tell you how to compound your interest.
How about Ethereum, how many companies would want to have their own tokens if they see the prices of companies with tokens keep rising??? That is not the only token creating coins, there is others such as Neo, Qtum and etc. Double check me on those.
** Disclaimer This blog is based on my opinions. I am not giving professional advice. Anything written here should be taken as an opinion and is the responsibility of the reader to take due diligence as such. Basically saying I may be wrong, right or neither, just saying its my opinions and my voice.
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