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Thoughts on POWR anyone?
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Always sell in incrementsSold my eth @410. Kicking myself right now
I think the run in cryptocurrencies is basically done. Too many competing cryptocurrencies are saturating the market.
Look out below.
Bitcoin is at $8,000 and people think it is going to $100,000, ignoring all the competing cryptocurrencies and the endless supply of them.
Think we'll see any significant ltc gains?
OK, I'll play.
Question for you, are you seeing the crash of the crypto space on a whole? Or just Bitcoin?
I never grabbed any btc. Honestly didn’t think it can make the run it did. It should only go up once the supply is drained. Believe I read that 16 mill is out there. Once these institutions get involved and start hoarding it could get crazy good and bad.
bitcoin $50-$100. Yeah right. Don't even think you understand what you are saying with this statement. You believe a 143 BILLION dollar asset is going back down to a 1 Billion dollar marketcap at $100, 500M at $50.
Just want to say thanks to everyone that was pushing crypto hard back in feb-march. I finally made my first purchase in May back when btc was $1600, today marks $8600 btc. #Roadto10K
How is Digix Dao, Civic,Edgless, Neo,Xem,Salt,Bytecoin (lol),Golem,Sia,Cloak,Token Card competing with Bitcoin when none of these coins are even competing with each other since they all serve different purposes ?
On top of that some of these coins are actually in use today like Ether roll and civic.
New tech will always bring new ideas, look at the any app store now versus 5 years ago. Endless new apps doesn't mean a thing.
Revisit this thread in 2020 its gonna be a zoo
I believe that bitcoin is a store of value that will take between 20-40% of golds marketcap (8 Trillion). As savings interest rates continue to decline, financial systems and economies continue to fail, bitcoins value will continue to go up. Institutional money will flood in now that bitcoin is an official asset class.
Were talking about a world currency here, you think that Dollar is gonna hold up strong huh.So to reach that market cap, bitcoin would hit between 100,000 and 170,000. That would buy a house in most of the US. Do you think the other cryptocurrencies will have the same level of appreciation to 20-40% of gold as well, like ethereum, litecoin, ripple, etc?
All these digital currencies are used for the same thing though,speculation on the price going higher, not for the different purpose it serves. They don't need a digital currency to use blockchain.
I think the run in cryptocurrencies is basically done. Too many competing cryptocurrencies are saturating the market.
Look out below.
Bitcoin is at $8,000 and people think it is going to $100,000, ignoring all the competing cryptocurrencies and the endless supply of them.
So to reach that market cap, bitcoin would hit between 100,000 and 170,000. That would buy a house in most of the US. Do you think the other cryptocurrencies will have the same level of appreciation to 20-40% of gold as well, like ethereum, litecoin, ripple, etc?
The total current market cap of all cryptocurrencies is at like $300 billion altogether. To reach $1 trillion, that's only a 3x increase in market cap.
To clarify, most of the market cap is implied. Coinmarketcap can be misleading. 100s of billions never really entered the market, this is speculation based on the total amount of each coin. Some of these projects have an implied '50 million' market cap but volume in the thousands and only 5-10% of shares actually publicly offered. Most of the coins out there are scams/will never materialize to actual projects, but to declare the end all of cryptocurrency at this stage is foolish. Bitcoin isn't even really available in public markets yet.