RE: Bitcoin Trading - May 16, 2017

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Bitcoin Trading - May 16, 2017

in bitcoin •  8 years ago 

I think diversification is necessary and bitcoin is starting to reach its limits - high fees, long wait times ...
check out
https://cryptoyoda1338.wordpress.com/2017/05/16/the-end-of-btc-dominance/

I would rather think that we are going to enter a bearish market soon for BTC

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Interesting, but that article has one thing wrong. The solution for BTC has been ready for over a year. Miners are delaying for their own greed, but the market will have the last say. When BTC has Segwit and Lightning Network, the altcoins will be pretty much useless. All those Billions of USD will flow back into BTC. Thanks for the reply!

quite possible - miners will accept once the price drops enough so they are not stuck with useless specialized hardware and which price point that is is everyone's guess

many altcoins are just bitcoin + 1 feature, like many startups are just a feature and they hope to sell facebook or other big corporation, but since everything is open source and as there are no takeovers the non-innovators will go away over time

Right on. Even Ethereum isn't safe once Rootstock launches. Literally everything being done in crypto can be done with Bitcoin and Bitcoin has the Network Effect. That's not to say trading altcoins is a bad idea. They're a great way to get more Bitcoin. LOL