I think that less than 1% of the projects are going to be successful in the long term. The number would have been bigger but most of the projects are just copies of one another and this reduces the legitimate projects by a huge margin. Also people have become aware and are researching the projects before investing in new coins now.
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Well yeah there are many altcoins which are better than Bitcoin but it doesn't matters much currently as Bitcoin has the first movers advantage which it really deserves as without Bitcoin there wouldn't had been any altcoin currently. But with coins like Ethereum there is some real competition to Bitcoin.
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Well Bitcoin is a decentralized currency and people are free to use it as they want. You cant stop them from doing it. Also you wont see the adoption of Bitcoin without it giving something in return to the people. Bitcoin works very well as a store of value.
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I don't think that Bitcoin price is going into recovery phase this fast. I think that the recent price surge that we had was a bull trap and the price seems to be heading downwards again. Also this would be the third time when the Bitcoin price tried to break upwards but wasn't able to.
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Yes the price of Ethereum is still a bit connected to that of bitcoin cause the whole market is still connected to the price of Bitcoin but it won't stay this way for long. As Ethereum has grown enough that it can become independent of Bitcoin and is in the race to replace Bitcoin as the number one coin.
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Well of course they can. There isn't any minimum requirements needed to join the crypto markets. Everyone is free to join and there is also no minimum amount required to invest in the markets. That's the beauty of a decentralized network where anyone is free to do anything they see fit.
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I think the days of Litecoin are numbered. There really isn't much development happening and it is nothing more than a clone of Bitcoin currently. Litepay was a dud and was not able to do anything. Plus there are far better projects currently being developed in the Crypto space which can beat Litecoin any day.
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Well the fact that altcoin prices is still tied to that of Bitcoin shows that the market confidence is still with Bitcoin as earlier. Also Bitcoin has gained its dominance back. Bitcoin has its first movers advantage and as long as it manages to innovate and develop there is no other coin replacing it.
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Only the holders make it big in the crypto market. Being greedy doesn't really help in the crypto world. You need to have patience and increase your stash slowly. The crypto market takes time to reward but when it does it makes it up for all the time the market has been in the bear phase.
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Bitcoin cash doesn't even has a chance in front of Ethereum. Ethereum is in the race to replace Bitcoin as the number one coin. The only difference Bitcoin cash has from Bitcoin is that it can handle more transactions in its blocks. Apart from that it doesn't has anything that would differentiate it.
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Exactly, the crypto market is only for the strong hands and the weak hands are going to get burned fast and hard. Almost everyone makes the mistake of investing more than they could afford to lose and when the price drops they panic and end up selling at a loss which they end up regretting later.
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Of course not all projects are going to survive, in fact less than 10% of the projects are going to last in the long term. For a project to be successful it needs continuous development happening for it and an active community, without these things a project cannot and will not survive.
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I think the biggest thing that will be needed for Bitcoin to become a popular payment method is worldwide adoption. Without adoption Bitcoin will never become popular. And once it starts getting adopted people are automatically going to start using it as a payment method which will in short make it popular.
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The biggest problem that Bitcoin has been facing in the past two years is the scalability issue. And lightning network fixes this issue very well. The only thing that's needed now is for it to be successfully adopted. Without lightning network the bitcoin network wont be able to handle thousands of transactions per second.
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And what makes you think that a 2 year bear period is in store for the crypto world? Coming up with random numbers without any source to back it up isn't going to get much validity. Also technical analysis doesn't really works accurately in the crypto markets and basing your results on that wouldn't be helpful.
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In the last two years the crypto market has been going through an ICO bubble. And this bubble is just about to pop due to it reaching unsustainable levels. ICO projects with not much to show case are being valued at hundreds of millions of dollars not to mention these projects having incompetent devs.
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There are many factors that you should look in a cryptocurrency before investing in it. Some of these are does the coin has real world use cases, is the dev team competent to develop the coin, does the coin has an active community. All these factors are very important for the success of a coin.
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Well you don't lose until you sell. And I follow this strategy combined with only investing what I can afford to lose to become a strong hand, instead of becoming a weak hand and panic selling during bear periods and price crashes. The only people who panic sell are those who invest more than they could afford to lose.
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Well Bitcoin has always gone through parabolic bull runs till now. And the direction in which the bitcoin price is going, it is preparing itself for another parabolic bull run. The lower Bitcoin goes the faster it is going to pump. Well eventually as the market cap becomes big enough the parabolic rises are going to slow down.
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Well it doesn't matters what everyone says about Bitcoin as it has already proven now that it is here to stay and it is the future of digital payments. Also these people are here just for some attention and are mostly looking to vent their anger by talking bad about Bitcoin as they weren't able to get in early into it.
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