Post
Topic
Board Altcoin Discussion
Re: Are You Still looking For New Coins When Bitcoin Dominance Hit 90%
by
Kemarit
on 27/08/2019, 22:40:33 UTC
There are still new coins in the market being launched and we have seen how profitable it is if you are one of its early investors, but that was 2014 to 2017, today the scenario is very much different.

Yep that is correct, today's scenario is very different. And I find it very interesting that there are still noobs who are looking for a coin that will bring them back huge profit when we all know that investors are very choosy at this point and not just throwing their money in this market.

A new study comes out that Bitcoin dominance has reached 90% and this could only mean that new and existing altcoins are going to die or will be gone in the market sooner or later.

Are you still looking for a new coin or coins in the ICO/IEO stage if Bitcoin dominance has already reached 90%

Existing coins, specially those who have a huge tokens in circulation could eventually die if Bitcoin tops 90% dominance. But I don't think that wise investors are going to stop investing in ICO/IEO. Market is open and free and there's, it one coin die, another one will pop up and will build hype and will generate money. It still boils down to the marketing strategy of coins being born eventhough that Bitcoin is obviously the best asset out there at that time.