According to the Coinmarketcap website, Bitcoin dominance has breached the 60% level and is now reported at 60.1%. Including the forked coins (BCH, BSV, BTG.etc), the total market cap for BTC+forks comes to slightly above 64%, while the altcoin market share has dipped below the 36% mark.
I am sure that a lot of users may be unhappy about this, but I am delighted as more than 90% of my crypto assets are in the form of BTC. I had sold most of my alt holdings in 2018.
I am not very sure about the reasons behind the rising BTC dominance. But I suspect that the users have become more matured now, and a lot of them have realized that investing in shitcoins is simply not worth all the risk.
Here is my outlook for the major cryptocurrencies:
1. BTC: The prices will continue to increase and a new ATH may be reached by the end of 2019 or by 2020. The dominance will continue to increase and may reach 70% by the end of this year. But one concern I have is regarding the transaction fee. It has risen by more than 10x since the start of the year. Another 10x increase would be catastrophic.
2. ETH: The exchange rates are still lagging behind the ATH. The poor health of the ICO market is probably pulling ETH down. The Cryptopia hack also played its part.
3. XRP: I would say that this one is the most worthless and unreliable altcoins among the top 10. Therefore I am not surprised by its falling market share.
4. BCH: Holding well as of now. In case the BTC transaction fee spikes again (like what we had during 2017 Dec), then this coin can rocket upwards.
5. LTC: One of the best performing alts. However I won't be surprised if a correction occurs post block reward halving.
6. EOS: I don't know much about this coin.
7. BNB: I would consider this coin as overpriced. A correction is due.
8. BSV: A lot will depend on the future actions of CSW. Very unpredictable coin.
9. USDT: Everything was going well for Tether until the scandal at Bitfinex was revealed to the public. Now a lot of the users don't consider this coin as a reliable stablecoin. In the near future it will be facing a lot of competition from the other stablecoins.
10. TRX: An overpriced shitcoin. I don't have anything good to say about this one.
It will be really hard for Alternate Cryptocurrencies to catch up to Bitcoin. Its popularity is increasing due to Alternate Cryptos that are being made. If more Cryptos are made then Bitcoin's reputation will increase because almost every Alternate Crypto was based on Bitcoin. If they want to surpass Bitcoin, then every other platform must have its own unique feature that can prove their usefulness. |
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I would like to take up the points of an article published on Bitcoinist. (Even if some will say that this media is Pro-Bitcoin the points are the most important.) 1. Laws Can’t Be Written Against Bits and Bites
2. You Can’t Ban Open-Source Distributed Software
3. Bitcoin Can Be Broadcasted via Satellite
4. You can Send Bitcoin Via SMS
5. You Can’t Shut Down the Power Grid Any regulation can't prevent us from using Bitcoin. Despite their attempt to keep an eye on the system, it is simply impossible for them to ban people using it. So why giving a fuck to "I'm afraid my country will ban Bitcoin!" They have nothing to fully stop the ecosystem that is currently emerging. That is actually a good list and there might be some addition to that list. We can say that as long as there is Internet then Bitcoin can still exist. As long as there are Data usable then Bitcoin will still be usable for those who can access it. Some Countries might limit the use of it but Banning it sounds impossible. Having some regulations to avoid abusement might be helpful and teaching Cryptocurrency and Blockchain to those who have few knowledge about it might change their minds. |
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We all know how beneficial it is for us to have a currency like Bitcoin , something that we can use without any interference and without any middle man, but there is always a problem with things that we usually unsee because of the huge benefits it earns to us and this time it's environmental pollution.
Bitcoin as we know it requires mining to continue it's supply , but the thing is mining consumes Tons of energy and thus makes it harder for us to cope up with the stress it is putting up on the environment.
Pollution, global warming Bitcoin is causing all this , one might argue that it won't be necessary after a while but what about right now ? It's hurting the environment and we have no stable solution for this.
Shouldn't we focus on this too ? Rather than other things ?
It is true that what we are doing is possible affecting the climate and other natural resources. At some point or maybe right now would be the best moment to act on it. We cannot destroy our current technology because it help's us develop our world. We just need to have some limitations on how would things work in a way that it would not hurt nature. Cryptocurrency was always on the bad side in some stories because they still do not fully understand how it could help us in our everyday lives. We must need to study more and be mindful on how it will affect other situations. |
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We cannot be always too sure on how things will work out. Everything works on its own way and fits to whatever that will happen to it. If every prediction made by a person came true, then wanting everything in favor of him would be not fair for everybody. Same goes in the Cryptocurrency Industry because if everything went in favor of everybody then there would be no change. It might even get abused if people have gotten to use it according to their wants.
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We regularly read FUD articles in the popular media about Bitcoin being used in scams and that it is a perfect tool for scammers to hide their activities and the movie industry already labelled Bitcoin as the Internet of Money for the DarkNet.  I am currently watching a series called, " Undercover: Nailing the Fraudsters" and most of the scams featured there are done within a regulated environment. Boiler room scammers are not requesting payment in Crypto currencies to hide their activities, they get the victims to deposit money via their Bank accounts into their Bank accounts. <obviously created with fake ID documents> In business, the term boiler room refers to an outbound call center selling questionable investments by telephone. It usually refers to a room where salesmen work using unfair, dishonest sales tactics, sometimes selling penny stocks, private placements or committing outright stock fraud. - Source : https://en.wikipedia.org/wiki/Boiler_room_(business) So, next time when someone tells you that Crypto currencies are used for scams, please highlight the fact that most scams are still being done under the nose of the regulated financial industry.  Information stated above is really helpful. Lot of people still thinks that the Cryptocurrency Industry is full of scams and frauds but they are only scared because they have no knowledge of it. They need to have an open mind and learn about it. It is true that there may be some risk but learning about it will bring lots of profit. Being careless in the Cryptocurrency Industry is one of the worst thing that can occur to an investor. When i first learned about the forum, the first thing that i have read was on the Beginners section which is a great help and reading it is not a waste of time. |
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Found this online and thought it might be helpful for new investors like me In the ever-expanding world of digital currency, Ethereum is one of the most promising technologies on the market.
Since its birth in 2015, the digital currency has grown by over 45,836%:
Ethereum’s rapid growth has transformed paupers into millionaires. But despite its skyrocketing value, very few people actually understand what Ethereum is or why it’s a good investment.
For those of you who don’t know what Ethereum is, it’s important to understand that it’s much more than just a digital currency.
1. Ethereum Could Have More Application Than Bitcoin
As a whole, digital currencies have a lot of selling points. Many digital currencies use blockchain technology and finite market caps. These digital currencies are hyperinflation-proof, free from big banks, and open to the individual.
That being said, blockchain technology is certainly one of the key selling points behind digital currencies.
2. Ethereum Is Backed by Multiple Fortune 500 Companies
One of the strongest pieces of evidence for Ethereum’s long-term prospects is the Enterprise Ethereum Alliance (EEA).
In February 2017, multiple major companies — including dozens of Fortune 500s — decided to collaborate on furthering the Ethereum network technology, with the goal of incorporating it into their businesses. This group includes companies like Intel, Microsoft, JPMorgan, BP, and Thomson Reuters. Now in 2018, the EEA is over 200 members strong. Full Post here: https://malepursuit.com/invest-in-ethereum-ripple-litecoin/Investing on Ethereum is actually still profitable. Its spot next to Bitcoin is really good because of its utilization. Ethereum can be used as gas money for transferring Cryptos and we can use it to buy something just like Bitcoin. There are a lot of Alternate Coin that depends their value on Cryptocurrencies like Bitcoin and Ethereum. Being a basis for value means that the platform is still running well and organized. Investments on cryptos should be made carefully. |
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Bitcoin receiving much attention is already a good milestone for cryptocurrency. Being compared to Gold is another thing because we all know that Gold is something that must be mined physically and mining for Gold is not an easy task. Bitcoin is also not that easy to mine but it requires less effort and needs more time. Every Bitcoin user 10 years ago did not expect Bitcoin to have its value skyrocket and learning about it is interesting.
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Does any country use blockchain for election or voting? I know there are many countries who afraid of implementing blockchain into its sytem because then everything will be clear. If voting systems are created on the basis of blockchain technologies, then it is possible and possible to obtain reliable voting results without falsification. All the same, the blockchain is precisely created so that it cannot be changed from the outside, and in order to ensure complete security and confidentiality of data. It would be interesting to participate in the elections via the online voting platform.
Using a Decentralized Voting system might show a transparent yet safe way of voting. Present technologies on third world countries like their voting systems might lead to Corruption. Voting systems should be at least one of the most high-end technology in a country and should have the best quality of components that is used. Machines in some countries are easily broken and manipulated due to corrupt politicians that wants to win so bad. Having a Decentralized System can help us keep track of every voting that has happened and the security of this systems are very high. |
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This message is to anyone who think being on a mission to kill Bitcoin is a "wise" decision. Use Craig Wright as a case study and compare it to the life he'd have if he were to focus on building his own platform and promoting it in his own way.
Secondly, take a look at all those so-called "Bitcoin killer coins" and look at their fate without Bitcoin.
Bitcoin is the most loved asset in this ecosystem and so it's meaningless to try to make it your hunting mission. Together, Bitcoin lovers are stronger than anyone or any coin.
So next time you think about killing Bitcoin, remember you'll be "dead and forgotten" before you even start.
Have a nice evening!!!
Attempts to overcome Bitcoin might happen if there will he a big issue concerning about the security of Bitcoin but as far as the records show, Bitcoin or Blockchain Technology has one of the best security measures that is hard to crack. Attempting to kill Bitcoin might lead to killing your own Platform if decisions are made rashly. Every decisions of Founders must at least concern their platform on how to grow and be utilized by the community. |
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I pay for my monthly satellite TV subscription with a bank transfer and for some obscure reason I forgot to pay it this month. I was still watching the World cup Cricket tournament, when a message popped up, saying that my account was in the arrears and they blocked my viewing. I immediately logged into my internet Banking and checked my payment history and realized that I skipped that payment for some reason, so I made the payment and thought I would wait for a hour or two and then resume viewing. Noooot! 8 HOURS passed, I phoned the company and they informed me that the payment is not reflected on their system yet, so I waited another 4 hours and phoned them again. <still Nothing> A whole 21 hours later the payment went through and I could continue viewing, but the match I wanted to see was finished.  If I paid with Bitcoin, this same payment would have taken less than 20 minutes at most, but unfortunately this Satelite provider does not accept Bitcoin payment for this service. This is an issue that must be tackled by that Bank because it made consumers like you lose trust in them. Its unfortunate that some banks are still slow on processing payments and their services are still not that good enough to satisfy their consumers. It is their mistake because a lot of people are trusting them with their own money. Money is not something that is easy to gain and the best way for this kind of issue to be resolved is by finding a better bank. It is true that paying with Cryptocurrency will be hassle free but that also depends if people are already knowledgeable enough to understand how Crypto works. We should start teaching them little by little for us to make a better community. |
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There must be a lot of reasons why we need and should use Cryptocurrencies. Crypto utilized the usage of Blockchain Technology which is very useful because of its security. Knowing that your money is secured in one place where only you can access brings relief to that person. We know that it is still vulnerable to threats but we can reinforce the security by adding extra informations needed before we can access the funds needed. We need crypto because it is almost integrated into different usable platforms and learning about it is profitable.
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Some people saying BTC has no value as is made from nothing. Those same people using money in every day life. If we look into paper money as terms of value this piece of paper is also without value and also made from nothing.
If we think this way then we should be only exchanging goods like gold, stones, weapons, food.
BTC, Crypto is in my opinion only next step in term of money. So we will be calling BTC money soon. It will only be huge advantage for us early adopters to get some while cheap.
When btc will be replacing money in terms of salary anyone who will one 1 BTC only will benefit a lot as with price increasing people will get salary of cca. 2000 sats and 1 l of milk will cost 1 sat in the store.
People saying Bitcoin has no value because it has no specific beginning should start learning about Blockchain. They should learn about Blockchain Technology and how that technology would work if utilized properly. Cryptocurrency is one application of Blockchain because the security of Blockchain is highly developed and will be hard to overcome. |
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Some cryptocurrency investors are spreading their wealth into different Alternate Coins because this is one way to earn more profit. Spreading investments is good in the Crypto Industry because not all of them will decrease in value at the same time. Some might increase and some might fall instantly but you can keep track of the value. Invest in whatever you see profitable because investments must be made with someone who can give you a good advise on how to spend money.
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Another proof that bitcoin transactions is still very cheap, the transaction below moves $500,000 million with less than $5 fees. This is a Binance external transaction. So for those proponents who says that bitcoin fees is expensive and slow, take a look, as everything is transparent on the blockchain network.  https://twitter.com/whale_alert/status/1134411929072676864 That is one good thing about Bitcoin because every transaction made has their specific encryption. Transparency is still one of the reason a lot of people use it because they can keep track of the transactions made. Some might say transaction fees are expensive but that depends sometimes on the location because it might be expensive due to the fact that not all money has equal value. It depends on the economic status of that country and if your'e located on a Third World country, expect transaction fees to be expensive. |
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I know this is crazy for non-Bitcoiners, but for me, it's a possibility. I came across an article from Bitcoinist about NFL players preferring to get paid in Bitcoin than fiat money. They're joining the revolution. Source: https://bitcoinist.com/pay-in-bitcoin-nfl-players-join-russell-okung/In the NBA, the Sacramento Kings are the first NBA team to accept Bitcoin payments via BitPay, and Golden State Warriors' sponsor, Rakuten, bought a crypto exchange. I wonder when NBA players will start doing their own revolution by forcing their respective teams to pay them in Bitcoin? I would love to see this coming, but what are your thoughts on this one guys. Any feedback will be appreciated. Cheers! It was nice to know some National Leagues are knowledgeable about Cryptocurrency and that might be a game changer for their current state on how to pay their players. The administration of NBA may still be in the process of learning if paying thru Cryptocurrency will benefit the player because paying thru crypto is risky. NBA players have their salaries at least $1M above and what if the value of Bitcoin suddenly dropped, that would be problematic for both the player and the management. They should at least wait for some time where Cryptocurrency value is stable. |
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I have been playing into some few ICO projects lately, and the reality is that I lost a lot of money due to the domination of the bear market and uncertainty of the projects going forward.
As the old saying goes, more than 90% of those projects are either scams, failed to reach soft cap, or not getting any traction in the next few months or so.
Maybe it’s because ICOs are not regulated and investors like me holds all of the risks.
Until now, there are still new ICOs emerging. However, there are also new ones such as STOs (security token offerings), IEOs (initial exchange offerings), and so on. It seems that both STOs and IEOs are already being considered the next big thing in raising crypto funds for starters.
With their ongoing emergence, are ICOs gonna be over soon? Are they gonna saturate and may phase out due to projects turning to STOs and IEOs?
I wanna know about your thoughts regarding this one, and I would greatly appreciate it whether if you agree or not with my opinion. Thank you in advance.
Investing on ICO's are actually risky because there might come a time where the value of the token bought will hit rock bottom and might have a hard time recovering. Some ICOs' are stepping up because they do not want this to happen and create every possible way to make their token popular. Gaining popularity is a good thing for Alternate Cryptocurrencies because good promotion is hard to do. I also do not think that ICO's will be out of phase but rather will have another upgrade because founders are always looking for ways to improve what they started. |
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There are now many merchants big, small and those in between which are now accepting Bitcoin and other cryptocurrencies in their business. With the help of third-party applications, they are able to integrate Bitcoin option with their infrastructure. Here are some in the list as provided by payments startup Flexa: Barnes & Noble, Baskin Robbins, Bed Bath & Beyond, Caribou Coffee, Crate & Barrel, Express, GameStop, Jamba Juice, Lowe’s, Nordstrom, Office Depot & OfficeMax, Petco, Regal Cinemas, Ulta Beauty and Amazon-owned Whole Foods Market and of course Starbucks Source is here. The names are the who's who in their respective industries. Now, we are all hoping that soon more and more big names will be coming on board so as to boost Bitcoin and the rest of the cryptocurrency club. I know that we are still far cry from mainstream adoption but we can get there one merchant at a time. Soon if this whole thing can be sailing smoothly, there can be an avalanche of support from the business community. This is actually a good because having Big merchant accept Cryptocurrency will create a moment where other merchants will follow the trend because they do not want to be left behind in something that is profitable and something that will ease the job. The merchants are doing a great job on learning about Cryptocurrency because studying it is not easy. Cryptocurrency services are very easy to use and easy to learn and by utilizing them, we can create a hassle free community that involves cashless payments. |
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We actually do not need that many but thinking about our current situation, it is actually good to have many Cryptocurrency Exchanges that can be available in different countries. Exchanges can handle different volumes of Cryptocurrencies depending on their servers. We can have many exchanges because every exchanges may have their own special feature and that feature might not be available on all the exchanges due to different founders and that is actually good because we can create our own decision to choose which exchange will give us more profit on transferring funds.
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In my view, regulation will be good for Crypto industry. As we can now see that many Govt are looking for ways to regulate the industry.
Regulation will be a good thing in the long run. It will build trust for the industry among the masses thereby resulting in mass adoption. With regulation, people will feel more comfortable and have a sense of security to invest in crypto.
I don't believe that regulation means we have to declare our portfolio. Just as nobody cares to know exactly how much you own in the bank.
Regulation will also help in curbing the possibility of using crypto to launder money and place a check and balance in ICO which will make it very difficult for scam ICOs to operate.
I say regulation will in the end be a good thing for crypto..
What's your view about it?
It is actually good for Cryptocurrency but it could work well if the government will regulate it in a way where it is fair for everybody. They should not regulate it to use it for their personal use. Creating rules and regulations for something that is not easily governed will be hard and it might take time to perfect the regulation needed for Cryptocurrency. If we do not have regulations, abusers will still pursue their bad behaviors on how to use Crypto and setting limitations will at least lessen the abuse. |
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Bitcoin is not money.
It is more an artwork with 21,000,000 limited editions. And each limited edition contains 100,000,000 limited pieces. (satoshis)
This is misleading and people should be provided with proper knowledge about Cryptocurrency and Blockchain. Cryptocurrency is a digital asset where it could be used to buy and pay for something where internet is available. Bitcoin is a Cryptocurrency where it could be used to pay and buy for something we need and therefore it is a digital money. Bitcoin might be called an Artwork but it is still money because every artwork has an specific equal value of money. |
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