Ninjastic
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Board Economics
Re: My market vision at this time...
by
deisik
on 23/09/2019, 18:38:11 UTC
Quote from: Jating on September 23, 2019, 11:17:38 AM
Quote from: exstasie on September 22, 2019, 10:54:03 PM
Quote from: redsun114 on September 21, 2019, 06:10:05 PM
It seems to me like altcoins are losing theirs to Ethereum. Just a few altcoins has been doing good as of recent, like BNB. Ethereum keeps growing in market cap and others keeps on losing.

Ethereum looks very strong, much stronger than other altcoins. I can't find a single chart that compares. Sentiment is lovely too. Everyone keeps saying "Ethereum is worthless cuz no ICO bubble".......clearly most people have sold or shorted it.

My bet is that 2020 will be very bullish for altcoins. People are betting that Ethereum will falter in the next bull market, that something shiny and new will take all the spotlight from it. Looking at the ETH charts though, I doubt it. Flippening talk will come back.
ETH 2.0 will be coming early January 2020 so maybe after that we can see altcoins starting to recover and bounce back after a disappointing 2018-2019. ICO's are dead now because we have a new emerging business model, IEO

This release is not set in stone

People were expecting Constantinople earlier this year (in the first days of January, if I'm not mistaken). It just didn't happen. It looks like Ethereum has become too complex to change anything in it without risking to wreak havoc in the whole infrastructure. In other words, it is easier to create a new coin from scratch than to rebuild an existing one (but that's the route the Ethereum developers seem to have taken anyway, or some variety thereof)