Post
Topic
Board Speculation (Altcoins)
Re: Is BNB the new ETH killer
by
eaLiTy
on 18/06/2019, 21:42:54 UTC
Edit: While the topic may confuse some, I'm not talking about on a product level, I'm more concerned about the price actions. Like it or not, most cryptocurrencies lack utility, to say the least; still, their price actions have been impressive, and for now, the easiest way to know the healthy states of cryptocurrencies in comparison with one another is through market capitalization (whether or not wash trades are involved), else we won't be talking about 'moons', 'bulls' and 'bears'.
Since you are only talking about price, then you might make a quick profit if you are investing in it but i am not certain how long they will survive and will not trust the coin in the long term, the problem with almost all of the alt coin market is that they are used to pump and dump and there is no real case utility and with exchanges starting their own coin might be used to wash trade and with the recent exit of binance from the US market all shows one thing, these coins are not meant for the long term, just make your profit and get out and trust only bitcoin for the long term.