Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
hv_
on 21/06/2017, 13:22:45 UTC
let´s look at other factors of dominance, not market cap (which is so easily manipulated, that it does not proof anything).

let´s look at how many goods are bought with bitcoin compared to all other altcoins.

let´s look at how many merchants accept bitcoin compared to all other altcoins.

let´s look what crypto is used for cross border payments.

let´s look how many bitcoin-start-ups are existing compared to all other altcoins.

i bet in every single comparison, bitcoin dominance is still in the 80-90% area. 

Good list, but you missed a few more more.

let's look at what the MSM is obsessed about writing about (Bitcoin) and creating FUD about, and not all other altcoins.

let's look at what the governments of the world are obsessed with trying to regulate (Bitcoin) with little to no mention of all other altcoins.

let's look at what ANYONE is trying to get an ETF approved for (Bitcoin) and NO other altcoin.

1. First they ignore you <----- all altcoins are here, and 99.99% will stay here forever
2. Then they laugh at you <----- 0.01% altcoins will make it here and stay here forever
3. Then they fight you <----- Bitcoin is here now
4. Then you win

I consider altcoins a scaling solution. Profoundly censorship-resistant transfers of value are a serious business; there will always be plenty of new tokens out there for micro-transactions and shameless speculation. Every Doge will have its day.

I'd expect a sharp dot.com like wash out the next few months - (years).
There is not much room for 1k coins most like we have Amazon, Google, Ebay, Apple,Facebook. That's the market and off you go.