TxAG#2011 said:Lord this would be a total disaster. I don't think you understand that if Bitcoin lost a lot of its value the entire crypto market would get nuked into oblivion. This scenario is the exact opposite of paydirt.AgPrognosticator said:TxAG#2011 said:This is solid. A lot of recent buyers are going to get frustrated when Bitcoin starts ripping and their shiny altcoins are bleeding for months. Happens every time. Or Bitcoin tanks and alts nuke.XXXVII said:
Interesting discussions right now. I have 60% of my crypto holdings in BTC right now, and I still plan to add more to it. I don't know why some see it as a sailed ship. BTC has the widest adoption by major corporations right now, and it is the most well known to most people. This means it has the potential to still explode in price and stay that way. I see it as more of a "sure thing" than the other cryptos in terms of maintaining gains, even if those gains are slower over time.
The rest of my portfolio is split between ADA, ETH, LINK, and XLM. I've been impressed with XLM lately. It's my dark horse crypto.
BTC has no real utility. ETH does. That's why they have totally decoupled, even though ETH used to track BTC closely.
I believe investors will begin to recognize that the utility of blockchain tech is what's attractive. BTC has no utility and therefore no inherent value and is, more or less, useless beyond being a "currency". ETH can similarly serve as a currency AND it has utility.
ETH, on the other hand, is currently being used at an institutional level. I sincerely believe it will overtake BTC in market cap unless a better alternative presents itself. Specifically, I believe ADA, LINK and DOT are poised to do exactly that over these next several years.
I believe BTC goes the way of Netscape and AskJeeves, while a select few alts become the next Google or Facebook. Maybe I'm wrong, but if I'm right...paydirt.
This is wrong.