Quote from: mymenace on February 10, 2018, 09:33:58 AM

Quote from: JayJuanGee on February 10, 2018, 09:23:41 AM

Quote from: mymenace on February 10, 2018, 08:55:28 AM

Quote from: JayJuanGee on February 10, 2018, 08:54:34 AM

Quote from: somac. on February 10, 2018, 08:09:10 AM

Quote from: starmman on February 10, 2018, 07:58:38 AM

Quote from: mike4001 on February 10, 2018, 07:53:16 AM

BTC dominance is sinking and sinking.

I don't really like this.

Altcoins are thriving just as before the crash and it gets worst.

Its likely part of a cycle - I (speculatively) can see an alt bubble followed by a BTC surge

Its been a few days since I've checked all the prices and I must say I am stunned that the alts are coming back so hard.

I hope you're right starmman, but, it just doesn't look like BTC will ever regain its dominance to even the 50% level. Hell, look at ripple up 50%, people were wiped out on that recently and it just doesn't seem to matter. I consider most alts to be shit, but, I guess when it's all speculating it doesn't really matter that they are shit.

Market cap and bitcoin dominance can be a misleading indicator for all the reasons that you already stated... so in that regard, people who understand the value of bitcoin are going to realize that bitcoin is the one to buy rather than gambling on those many other alt coins - and useful also NOT to get distracted by coinmarket cap, at least in terms of informing you about the dominance of BTC's fundamentals in comparison to any (and all) of the other coins.

Crypto War successful and ongoing (block size, transactions, hard forks, media)

create less reliance on bitcoin and more on centralized tokens

pump alts, sell tokens to newbs

create national tokens (russia coin, Petro coin etc), pump for newbs

sell into bitcoin - big pump (Huge) before next battle on bitcoin exchanges (corrupt, broke, no reserves, multiple exchanges as well as other btc scams)

legislate exchange and ban btc to promote national crypto

btc crash and they hope for good

lets see how it all pans out (within next 10 months)

It's going to take a whole hell of a lot longer than 10 months for all of these things to play out.

I agree with you mymenace that a lot of these things are happening and a lot of like things are going to happen in the crypto space and maybe even attempts to target and to undermine bitcoin, but even if a lot of these things happen all over the globe, it does not result in bitcoin successfully being stagnated and repressed, even though there might be some shorter-term and localized successes that might only last a short period of time because bitcoin is all over the fucking place, and there are a lot of governmental difficulties to coordinate, even if BIG ASS financial players attempt to coordinate their attacks on bitcoin, even the BIG ASS financial players are not sufficiently unified to pull off some kind of successful unified repression of bitcoin on a world-wide basis...

TLDR - bitcoin has become too BIG, too decentralized and too strong to kill... the toothpaste is out of the tube, and it's like trying to kill the internet; good luck with that..

I agree, completely

just mentioning the enemies tactics, usually successful

yeah bitcoin just seems too damn strong a network to change though

and the attacks begin again, just reading this

https://www.rt.com/business/418390-france-germany-bitcoin-clampdown/

From the enemy themselves the Bank for International Settlements (BIS), direct from the IMF

Don't get me wrong. I cannot see the future with any kind of meaningful precision, and I don't think that any of us needs to see the future exactly.

I am NOT asserting that the various attacks on bitcoin will not have various successes along the way to stifle bitcoin and to divert to mislead people into NOT buying bitcoin; however, it is also likely that BTC is also going to adapt to these various ongoing attacks - just like there was some adapting that took place within bitcoin because of the various BIG blocker attacks and hardfork attacks - whether from propaganda or actual actions of XT, Classic, Segwit2x, Bcash.. blah blah blah...

With the passage of time, even though various attacks on bitcoin and interest groups against bitcoin can attempt to consolidate and throw more resources at undermining bitcoin, there are also various ways that bitcoin has grown and has become stronger and less centralized and likely to carry on, even if some aspects of bitcoin are taken down by attacks.

So, certainly, I am NOT arguing that bitcoin is some kind of monolithic existence but instead bitcoin is also like an organism, too.. that is all over the fucking place, and there is no central place to attack... When have we had this kind of new paradigm shifting phenomenon with proof of work spread over the planet and more computing power than any other system... and bitcoin can grow and evolve too.. including ongoing developments like lightning network seems to cause bitcoin to become even less centralized and more powerful as a decentralized paradigm shifting phenomenon... .. still growing.. still growing.. and maybe even there are some set backs in bitcoin from time to time, too.. but it's pending death or demise is over exaggerated.