BTC Testing $16,000 - Bitcoin Crypto Market Losing "Dominance" Not a Bad Thing?
Bitcoin is currently hovering at $15,850, just shy of $16,000. If Bitcoin can strongly break $16,000, will the Bitcoin parabolic move continue to advance? Let's also talk about the Bitcoin Crypto Market dominance, and how even if you're a Bitcoin Maximalist, "losing" dominance might not be the worst thing in the world.
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Bitcoin is the crypto of the grand daddies.
This comment has received a 3.03 % upvote from @booster thanks to: @discernente.
You got a 20.00% upvote from @yourwhale courtesy of @discernente!
I think Bitcoin has an infighting problem that needs solving before another price jump.
^ this. The Bitcoin community is schismatic right now. It wont be able to push back up again until people are willing to get back on board. Sadly I don't think its ever going to happen. Lightning network is not a viable solution and there are too many other alt coins out there.
BTC is done moving up. And if it does move up it will take a pretty big force to do it.
For a while now I feel like btc is pumping on dumb money rather than principles, tech or actual implementation. I think bch being listed on Coinbase triggered a lot of dumb money to look into what they were buying and they either got spooked or are going into top 5 level alts now.
Yeah that is what I am imagining is happening too.
If btc would solve scaling issues, the whole altcoin market would be dead, well except the coins with smart contracts
There's been so many forks trying t solve the scaling issue. If b2x doesn't prove to gain any traction then I sense a temp retreat in btc price as they go back to the drawing board...
To be honest, if technological capability and scaling capability were the main driving forces in price, I think BTC would be worth far less than it is today. That being said, even if segwit2x fails, I think it'll have little impact on price. The brand equity is just to powerful at the moment.
Bitcoin is like the Google of web era. There can be n number of companies with a niche. But the moment Google implements half of those features, it can make the company bankrupt. Same is the case with Bitcoin. Bitcoin is mooning inspite of all these issues. So you can imagine what would happen when Bitcoin solves its issues. I am suggesting all my friends to invest in Bitcoin at-least as an insurance against the failing FIATS.
Bitshares is the future!
Hello! can someone answer me on this importang question:
Today on Binance was added Nav at 11:45,
but on other exchanges it was already pumped on 20% before 11:45
This is happening every time almost on every exchange, does someone know is it cuz of some loophole on exchange whitch can gives u earlier info about new coin be added to exchange or this is just selling inside to some vip clients??
It’s likely insider trading
Binance employees buying in
There’s also an issue of btc not being decentralized enough with major wealth being held in a few wallets. One wallet being dumped could kill the price.
Bitcoin is strong as F
For BTC's singular use case, lagging transactions speeds, and expensive transaction speeds, I welcome a reduction in BTC marketshare. I hope more attention will shift to coins/project that have a greater impact on the technology space than the overly touted "virtual store of value" argument made for BTC.
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To the Moon we go
Oh no, the price crashed again
Back to Mom’s Basement
Great video as always @cryptobobby. Here is your topic relevant crypto bobby meme of the day!
With that out of the way, my question is do you see the bitcoin dominance continuing to slide lower throughout 2018 as more and more powerhouse alt coins start coming to market or releasing their products? Are the days of a market cap split of 25% BTC + 25% top 10 alts + 50% all other alts just around the corner in the coming year? Would love to hear your thoughts.
My gawd my man.. Home alone with the Bitconnect logo, I wish my upvote had more power because you deserve the world haha
LOL, you can reward me with an answer to my question, as I would love to hear your thoughts on that as I tend to think a 25%/25%/50% market cap split is highly possible next year, but a fair amount of people tend to disagree and think BTC will continue to remain the only dominant coin in the market.
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Ya han oído hablar de futuro de btc, es la nueva manera de asegurar ganancias a largo plazo
@cryptobobby - Very nice overview. I agree with you that the marketcap dominance of bitcoin going down from the 67% in December is NOT a bad thing. For the crypto market to develop to it's full potential and for it to be free of manipulations, healthy Altcoin competition is a must.
Thank you for your insighful observations. I am new to the crypto scene but have observed some interesting correlations with nature on the bitcoin price dip/corrections. I would be honored if you take a look at my blog and provide your expert opinion. Thanks
Regards,
@vm2904
Great post