Bullish Start to January, Altcoin Summer in Full Swing? Or is BTC Joining the Party Too?
Crypto has started with a bang in 2018, and the initial outlook continues to look bullish. While there were a number of potential bearish issues for January, the crypto market has initially moved past those issues. Specifically altcoins are crushing it right now, led by a strong move past all-time high's for Ethereum. Is it truly Altcoin SZN or is Bitcoin joining the party now too?
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All your videos are awesome
Thank you, I really appreciate the kind words!
hey, I came across you on YT before I even knew you had a steemit account was kind of surprised when I saw a steemit link in the video details. Just wanted to let you know I've enjoyed your videos!
Glad you found me on YouTube and happy to see you on Steemit as well!
Great video as always Bobby. I made the following meme after hearing your response to my question about BitconnectX in your last post. Enjoy!
Looks like an illegal blow if you ask me, but based on the situation I'm gunna let it slide this time. :D
Do you think platform cryptos that return a dividend such as VET or NEO or any that have master nodes are solid holdings in 2018? The reason being that as institutional money enters the space, cryptos like these check more boxes as a potential investment.
I personally think NEO is a strong hold for 2018 for the most part.
I don't quite understand why coins such as ripple are being valued so highly. The biggest issues for cryptos right now is use cases and usability. There are definitely people who would not understand how to set up wallets or sending to public addresses . I believe there needs to be a compelling use case other than transaction speed/costs to force people to take a look at adopting crypto. We need a platform for third parties to build end points. Especially since lightning network could potentially be a feature.
It boils down to the question, is transaction speed scalability the biggest issue right now?
Not hating on ripple or any cryptos like it. Just trying to understand the consensus at the moment.
I'm going to hold Ethereum. As a whole, it's a slow and steady rise. I may not get crazy 5x or 10x anywhere, but I'm also not going to see massive losses.
As per your point that Ethereum is the marker for altcoins, I think altcoins as a whole is a better holding for January than Bitcoin. Bitcoin still hasn't resolved its issues, and if Bitcoin surges ahead, its fees will go up again, which will lead it back down. A vicious cycle that's going to contain it, to some degree.
And as more people enter the cryptocurrency market as a whole, the more they look to diversify than holding Bitcoin as the standard-bearer.
Hey [-]cryptobobby,
Love your content!
Any thoughts on BREAD? Just my personal note - in 2018 when people will stop just throwing their money randomly and start to really research tech, companies with unique propositions (like BRD, EOS, IOTA etc.) will flourish. BRD has unique technology and use application. Would be great to hear your thoughts on it ;)
P.S. Enjoy your ADA! I sold it when it got 80+ procent in a day about a month ago... That what you get when coming from a stock market (as you know 80+ proc in a day is an anomaly in stocks :) )
Can you believe this action Bobby ?? holy hell, what a party !!
Steem On (Fire) (-:
#bitcoin
why should bitcoin, many other virtual currencies