RE: Crypto Dives AGAIN? Trading and Some Warnings
Hey Cryptovestor. I have a few points, that you didnt explain deeper and I'd like to hear your opinions.
1 - Don't you think that it's kinda reasonable btc's dominance moving down? Market is getting bigger, there are things faster/cheaper than Btc and market (at least some part) already realise that? So it means BTC have to lose it in long term. But I'm not saying btc will die. I'm just an investor and I focus on making money, it's nothing personal.
2 - You kinda answered it with two magical words MASS ADOPTION, and I'm curious why you are still that bullish, once we have things like VEN / ETH / Waves etc. that you already can use for something? Isn't it just an old dogma, that BTC has to be >50?% . I'm also oldschooler, when i came to cryptos in 2013, i bought 8 things and i literally had whole market. So btc #1 , yes i agree, but i'd find an argument that it will slow down, and new projects w reasonable use will take their own (big) parts. Whole my point is basically that we expect cryptos will have some real life USE , but there's lack of it for btc
3 - For what exactly we will need BTC if :
a - you can buy alts w fiat (waves dex, vertbase etc. in the future)
b- you can buy alts w eth / ltc / neo / something random big directly
c- you can SWITCH alts cuz token swaps/atomic swaps etc. ?
d- you can store value/trading capital in something more "boring" and less volatile... I'd say LTC/XRP but it had also crazy action lately, but you get the point
4 - Why exactly you hated mindset w this logic
I have 20 000$, what makes bigger gains?
a) I have alt w reasonable tech, hype, events and it has mcap 100mil, so i think it will double at least
b) I have btc, what's chance to double on 20k$
You said it's bad mindset, maybe im kinda overthinking that, but once im not a new, buying some stupid thing w lambo/moon hype and have some kinda of attitude ( check events, that thing itself, s/r lvl, cap, supply,team behind, is it PnD or not, is it real use/concept, enough hype, grups shilling it etc) ... Why it's just that bad , when i says yes, i think this think will make more than 2x cuz this and that, vs btc (on 20k for example) that needs 2x capital incoming (rougly obv) ..
Thanks for your time and thanks for everything you've helped me it, in your videos.
very good questions and observations, thank you