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RE: Why Bitcoin Could Reach $23,000 Soon
Honestly I didn't use to think that it was a smart idea to separate the field into sectors because correlations used to be a lot higher, but now I think it's not the worst idea:
- Legacy coins
- Privacy coins
- Non-blockchain coins
- As sad as it is, below $1 coins (I really don't want to admit this is a thing, but it is really seeming like it)
- Fast, low fee (or zero fee) coins
So on, so forth. It does seem that they pump in groups now far more often than they did before so may not be worst idea in world to diversify into groups as opposed to past where I'd say just pick whatever altcoins you like best even if that makes you concentrated in only 1 or 2 "sectors."
Can you create a video about scalability? Bitcoin and Ethereum has scalability issues and many altcoins in the market are fixing this scalability issue. You said in a past video that it's not an important factor. I seen someone transfer $50 Bitcoin and got a $20 fee. Gaming company Steam has removed Bitcoin as a payment option because of the transaction fees. This scalability issue is real.
Well is clear that scalability issues are a big obstacle for cryptos as currency
But for cryptos as investment it is not a big problem,
Collecting from the last 10 videos from him i assume his position is as cryptos are not a currency TODAY and are being used as investment, it doesent matter and IF they become currencies the tech of the most relevant coins will evolve to do the necesary things ( in other words the market will regulate itself)