Post
Topic
Board Bitcoin Discussion
Re: Are you surprise by bitcoin price now?
by
limefatcat
on 09/11/2017, 16:30:50 UTC
As BTC holder since 2013, i'm actually very surprised at the current price this early. BTC is a perfect example of something that trades on market sentiment. Fresh money came in due to exposure in mainstream media and older money came in via alts for CME and segwit. Now that segwit 2x has been postponed I think many of the older alt holders aren't rushing to get back into their original positions especially after seeing their precious alts dump and btc seemingly unaffected. I'm keeping what I have in OMG but I sold the rest of my alts into yesterday and today's pump (or shall we say crypto correction) and added to my BTC holdings. I think the ALT market fomo'd with the BTC and ETH/LTC rise this year but I am convinced now that BTC is king unless you want to swing trade ALTs for more BTC. I think this year has proven that even the most promising ALTs like OMG, NEO, ARK, LISK are still a long ways from being fully developed and there is still the big IF it will successfully be used in real life. BTC will be like gold. Arguably inferior to other coins but the most precious. First mover advantage with the community doing what DeBeers is doing for diamonds. Unstoppable.