Is BTC Different than Cryptocurrency?

in #bitcoin6 years ago (edited)

The entire crypto class will eventually see another surge but the thing to ponder now is with every crypto market cycle a fresh batch of coins comes along. Which ones of those will out do their predecessors in terms of technology and which ones will be popular from a speculative point of view. There is one respectable group of investors out there such as Jack Dorsey that pretty much say Bitcoin is the only place to go when it comes to crypto. I don’t fully agree but this idea should not be dismissed either. Ie Put your faith and money in BTC and wait for the next speculative bubble before trading alt coins. Another similar approach would be to consider Coinbase’s selection of listed coins as a guide to quality in the same way the Dow Jones stocks were once viewed.

BTW: Gold has a similar situation where over the long run it acts as a store of value while in the short run it trades in response to currency markets and even commodity cycles. Other metals are less like this ( silver , platinum) somewhat.
( litecoin, Vertcoin, Bitcoin Cash?).

You can take this a step further and look at any crypto that functions like BTC gains it’s value for its ability to act as a fractional unit of BTC in the same way silver, nickel, copper were used in coinage that was ultimately exchangeable for gold. Otherwise the best money (gold, BTC) is hoarded (Gresham’s law). Without this crypto wouldn’t function very well in everyday use and we would be right back to the argument for fiat.

Morgan Stanley says Bitcoin is a new type of asset - The Next Web via BTCnews on iOS
https://thenextweb.com/hardfork/2018/11/01/morgan-stanley-bitcoin-asset

Sort:  

This post has received a 7.99% upvote from thanks to: @williamgabriel.
For more information, click here!!!!
Send minimum 0.010 SBD|STEEM to bid for votes.


Do you know, you can also earn daily passive income simply by delegating your Steem Power to @minnowhelper by clicking following links: 10SP, 100SP, 500SP, 1000SP or Another amount

These are cool and admirable

Limited Promotion! Use both @t50 and @hybridbot for a chance of receiving extra upvotes!

You got a 90.15% upvote from @t50 courtesy of @williamgabriel!

Anyone can use this service by sending a minimum of 0.010 SBD or STEEM to @t50 with the post you want upvoted as the memo.

Consider investing Steem Power to receive daily payouts from bot income.
10 SP, 25 SP, 50 SP, 75 SP, 100 SP, 125 SP, 150 SP, 200 SP, 250 SP, 300 SP, 350 SP, 400 SP, 450 SP, 500 SP, 600 SP, 700 SP, 800 SP, 900 SP, 1000 SP or use the delegation manager. At any time you can get your investment back by undelegating.

Partners

@upfundme and #upfundme
TASKMANAGER bitshares token
@hybridbot - bid/membership hybrid bot (0.010 SBD minimum)
@memearmy meme support community bot

You got a 4.03% upvote from @oceanwhale courtesy of @williamgabriel! Earn 100% earning payout by delegating SP to @oceanwhale. Visit www.OceanWhaleBot.com for details!

Coin Marketplace

STEEM 0.15
TRX 0.16
JST 0.028
BTC 68300.72
ETH 2426.77
USDT 1.00
SBD 2.36