Not every Crypto is a currency

in market •  7 years ago 

People cannot be faulted upon at this time to not understand the difference between popular crypto coins and conflating them. But I think we must spend some time differentiating one project from another

In talking a friend over-investment in bitcoin, he kept on pushing Dash saying I have heard good things about it and so on and so forth and eventually ended up saying I think the market has got big enough that money will never completely flow out of it now, But maybe someone could dethrone bitcoin and he thinks it would be Dash Coin.
My other friend, pitched in saying he agrees with most of the stuff, but it's not going to be Dash that usurps bitcoin but it will be either because of its awesome community and all.
The third guy pitched in with his thoughts on neo and litecoin and I believe it would go on and on with more people.

I wanted to shout and tell them, this is not how it works, this is not how any of this works.

Ethereum is a framework on which a lot of apps can be built and a lot of coding done, Dash is something which can revolutionize payment networks. I believe most of the coins have a purpose and there is often times no correlation between two coins apart from the underlying use of blockchain technology.

It is very much possible Ethereum finds it's placed incorporation and Dash finds it place in payments making both of them successful or one fails and other succeeds. This leaves little reason to compare Ethereum's market cap with that of Litecoin or Dash. If you believe in the project and think it's going to succeed then invest and if you are in it just for short term, look at perception and TA. Market cap of one coin over other almost means nothing at this point.

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