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RE: SOMETHING BIG, SOMETHING HUGE, SOMETHING MASSIVE is APPROACHING the CRYPTOSPHERE!!!
Bitcoin is insanely overrated.
Once the Alts get the attention of the newbies we should see the explosion you're taking about.
We have been very patient with this stupid bullrun of BTC (basically a prototype) and it masked the Alts more than enough.
Positive side is that we now have a much bigger marketplace with a lot more people and marketcap.
So although the BTC guys were just trying to fill their pockets with their infinite forks they brought the space to a new paradigm, advancing it forward by almost a year in less than 6 months.
Bitcoin is essentially just a protocol, if you look at it from a purely technical point of view it reminds me a lot of IPv4. People have been predicting it's eventual demise for over 20 years and the way things are going, will be doing so for another 20. Incremental improvements to an established protocol are very often more than enough to keep better alternatives from gaining the necessary critical mass to take over. The tech sector is littered with similar examples. There are notable exceptions but most altcoins are themselves nothing more than incremental improvements over bitcoin.
" Incremental improvements to an established protocol are very often more than enough to keep better alternatives from gaining the necessary critical mass to take over. " You may be correct on this, but there is one thing you overlook....... BTC absolutely REFUSES to make these incremental improvements.
Well you can argue that to some degree but I prefer to avoid religious discussions :)
For the most part I tend to agree with you and if things continue on in that way, someone putting the same argument forward at some point in the future will be right. For now I think Bitcoin still has enough of a lead to stay ahead but will that lead be squandered? Only time will tell.
Yeah. You're right actually.
Mine was just some wishful rant.
Very nicely said.
in order for the "newbies" to buy alts they need to buy BTC first
and that's exactly was has been happening recently - over
100 biilion dollars poured into BTC/alts last few weeks... why all the negativlty with bitcoin - the alts have been doing great recently , is it because you don't have enough ? want some cheaper ?
we all know BTC is dated - but that hasn't stopped it - its the gateway to crypto, shocked that I even have to write this - the more money poured into btc the better it it is for your alts .
BTC was here first and for that its being rewarded- without Bitcoin you wouldn't have your alts
You could buy popular alt coins like ETH, Dash, LTC and most coins listed on Kraken without buying BTC.
that's great !
not very exciting though but at least we have options
but in currencio right now, 100$ worth of crypto:
0.00852459btc = 94.67 USD
0.141490244970023058eth = 65.16 USD
0.08532373dash = 64.68 USD
0.64581975ltc = 64.88 USD
dont know how is it on other fiat-2-crypto gateways?
It's not a healthy marketplace this way.
Alts need to be traded by fiat and should not be tied to BTC. BTC is just a name with no good function at all.
Have you seen any other market where thousands of commodities are closely tied to one prototype? And in such a stupid way that when BTC rises they MAY have a chance to rise a bit and when BTC falls a bit, they fall 4-5 times worse???
This will change in the coming years. Sooner or later BTC will loose this insane position that only comes from being the first.
the market will figure things out -
BITcoin was here first-- almost all alts are BS and just jumping on BTC coat tails to make fast money.
if you are so opposed to using btc to buy alts then stop trading this is the only way you can show them how upset or angry you are - but not sure they care since billions of fresh money will be poured daily from wall street
Devrim: I would say it is more like how we price barrels of oil in USD and no other currency. That is the standard chosen and currently accepted. And based on that the US dollar gets a big discount on oil. It's the same concept, sorta... But I do agree with you still...
Let's say in human evolution the USD is a prototype.
BTC rises inversely to confidence in USD
BTC being the current well-known gateway to crypto is not a good or sustainable protective moat against other coins. There are many events that could remove it once the market & the crypto space matures. The scalability issues need to be fixed!
Personally I think the forks were terrible for BTC because it's few billions worth Currency into the market instantly. You can't build a currency that big that fast from scratch. They also stand as alternatives to BTC. Guess my $500 BTC prediction will come true sooner than expected. (I was originally thinking before the end of 2020)
Hey man.
I am enjoying the WTC profits thanks to your posts. So thanks. Do you have other gems like that one?
I work to enter the DAC ico. Not a breeze as they have this KYC procedure. IOT project of a Hyundai company.
You may want to take a look at that one.
The project does give me a bunch of green flags. But they are also going to face some real competition.
https://nem.io/enterprise/use-cases/
https://h.cash/
It won't be very easy for them as the competition has a head start.
Metaverse had some serious wallet issues despite having a bigger core dev team than NEO. If they get things together https://mvs.org/ is a easy X20 in a year. I'd advise you to be cautious with this one.
Sustratum unfortunately tripled while I was on ETH. It could still go much higher. But I'd rather stick with https://sonm.io/ which is to Golem which EOS is to ETH.
https://basicattentiontoken.org/ is already big. bit X5 in a year is 99.9999% sure. It just needs to have it's browser kick off (has over 1M Downloads on Android alone) and it'd be taking on online advertisers the same way BTC took on Bankers.
Thanks V.
My email is devrimogun at gmail.
Send me an email there.
Interesting thoughts about Metaverse. I have to look at this one.
BAT: I'm at this moment browsing with Brave (the browser of Basicattentiontoken) :-) ... it's nice ... and I'm invested to BAT too ...
I already have an advertising coin ADX.
I am not sure if I want another one.
BAT has the creator of JavaScript and Mozilla behind him and they have their own ad blocking browser with privacy features.
Take a while to explore : https://www.reddit.com/r/BATProject/
All right i will look more closely to it. It looks like sonm is cheaper then it's ico price at this time.
Might be an incredible opportunity.
Email me please let's give and take ideas.