Slingshot (OP)
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February 05, 2014, 03:55:53 PM |
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2014 is THE RACE to the Mainstream Marketplace. ---------------------------------------------------------
And so far Bitcoin is riding in this race all by itself for the most part.
It's blazing the trail, and it wont be helping any other Crypto's along the way. Nor should it.
Like it or not this race has already begun back in March 2013. ----------------------------------------------------------------------
Those with the largest monetary interests in Alternative Crypto's, and others involved too, simply must light the fires, and get their Crypto's thrust into the mainstream fast.
Otherwise others will surely beat them to it.
It's up to the every Crypto community to actively promote and market their Crypto-Currency. Just as Bitcoin's community did so for bitcoin.
No one else is going to do it for us. We must do it ourselves. ---------------------------------------------------------------------
I belong to many Crypto Communities, including Bitcoin.
But wide spread adoption of any Alternatives to Bitcoin isn't going to happen unless we stand together, and force the alternative Crypto's that we believe in strongly into the mainstream marketplace. And Do so Right Now, without any more delays.
Bitcoin has a huge lead on everyone else. Bitcoin has already effectively lapped the field, twice, or maybe three times, already, and Bitcoin is fast picking up an almost surmountable lead and gaining ever more speed, per say.
It's doubtful anyone can catch Bitcoin at this extremely late point, let alone finish ahead of Bitcoin in this decade, or possible in many decades to come.
But if other Crypto's dare wait any longer it may turn out that Bitcoin wins almost the entire mainstream audience simply because other alternatives were all too late with anything else to the mainstream marketplace.
All other Crypto's have to do is exactly the same things that Bitcoin's community has done. Don't change a thing. Do it exactly the same way, and more so, and even better, if possible. Then we hopefully have more than merely Bitcoin in the Crypto Winner's Circle.
But without such extremely strong efforts done starting right now it may end up being that Bitcoin takes the lion-share of the mainstream marketplace all to itself. And rightly so, if the rest are merely going to lag far behind.
I really believe it's important to have at least a few dominate Cryptos, and other smaller players too. For many reasons. I believe the majority today are thinking the same thing. But it wont occur unless we make it so.
So far, to this day, merely a few Alt. Crypto-Currencies are being strongly thrust into the mainstream.
While the rest languish for the most part, resting merely on their already gained acceptance within these Crypto-Communities.
Even almost every larger Alternative Crypto-Currency to Bitcoin are merely treading water, or worse!
That simply has to change, now. All the rest are much more apt to fail at their goals of strong and wide mainstream global adoption should they delay any further at all.
There will only be so many big winners. And the lion-share will go towards those that arrive first into the mainstream marketplace due to the network effect. Like it or not that's how these types of things usually play out.
Bitcoin has already most likely won this race. =============================
So who will be the runner ups, and the others, that make it into the mainstream, and carve out their niches?
No business, nor many others will care to juggle many different types of Cryptos.
Only enough to suite a well diversified strategy will be tolerated.
And only those that are strongly and widely adopted will be accepted by many businesses and others directly.
Almost or all the others, and any late comers will find it extremely difficult if not impossible to gain much if any traction after much of the marketplace sees wider spread adoption into the first ones to the marketplace.
This all occurs in the next 6 to 18 months if I am reading the marketplace correctly.
Like it or not it's Bitcoin forcing this issue today.
After the next 6 to 18 months period, and even long before the end of the next 2 months, it will likely be far too late for the vast majority of Alt. Crypto's to see much if any longer term successes if they don't start acting now, very strongly, to thrust their own Crypto's into the mainsteam. Only a very few are doing this now, and surprisingly it's not the one's many thought would be doing so at this point in time.
All of the Crypto's must force their own way into wide spread adoption and acceptance.
No one else is going to do this for any of them.
And all of this absolutely has to be dummy proof and simple to use to gain wide spread adoption.
All while also making these as secure as possible in every way. And again, as easy as possible, so that everyone will be overwhelmingly acceptable to these new superior forms of currency.
Lacking any of that, it's going to mainly be Bitcoin's year, because Bitcoin's community is working triple time to make Bitcoin ultra easy to utilize, and making it extremely secure for all. With such things as multi-sig signing for transactions, hardware wallets for easy use and much better security. Along with many more projects now presently underway. Not to mention all the lobbying efforts, and other efforts, to gain wide spread adoption.
So far 2014 is the Year of Bitcoin. ---------------------------------------
Bitcoin will absolutely rocket into the mainstream by the end of this year. -----------------------------------------------------------------------------------
I already realized that over two months ago, that 2014 will be THE YEAR for Bitcoin. Right when others were stating that 2013 was the year of Bitcoin, which was in fact wrong. 2013 was merely the year Bitcoin arrived. And 2014 is really The Year of Bitcoin, like it or not.
Realize this: I have already liquidated the lion-share of my Alt-Crypto's, and moved 2/3's of my own Crypto portfolio into Bitcoin over the last two months. That's how much I believe in Bitcoin today. That's how much Bitcoin sold me on it's future success.
That said, I believe Bitcoin will ultimately capture about 2/3's of the entire marketplace due to their extremely large lead over everyone else combined. The other 1/3 of the entire marketplace is still up for grabs, and maybe even much more, depending on a long list of factors. Of course I could be entirely wrong about a lot of this. But I sincerely doubt that is the case or I wouldn't dare lay it all out here to be mulled over, and debated.
I currently have about 1/3 of my Crypto portfolio in what I believe are the leading Alternative Crypto's, and not in Bitcoin. But it wont be 1/3 for much longer unless I witness a lot of community involvement and sucess in each Alternative Crypto-Currency that I hold today. I wont keep wagering on laggards much longer.
I am trying to kick the tires, and light the fires here, so to speak. Because I realize what's underway. While many are still focused elsewhere, and maybe thinking someone else is going to do this for them. They wont. We ALL have to do this ourselves. Like it or not. The media, and anyone else isn't going to do this for us. We have to get the media's attention and focus. We have to capture their focus. We have to capture everyone's focus.
This year Bitcoin is going to be thrust into the mainstream, stronger than almost anyone can yet imagine. And by this time next year the entire landscape is apt to look very different, with many if not most retailers and others fully accepting Bitcoins. Many at first likely wont care to do so, but their going to be forced to do so, if my current predictions hold up. And soon after all the businesses that do accept Bitcoins are going to realize marked improvements to their net profits. And nothing motives any business more than increased profits. In effect the Sales Plan is built into Crypto's success story, versus the much higher costs of traditional banking cards when it comes to fees for merchants, not to mention unworthy charge backs and those dire costs.
A Question:
To those that were here last year at this time, isn't today far different than things were a single year ago?
So now maybe you at least can follow what I mean when I say that in one year we again wont recognize this from where it is right now. Who could have imagined so much would have occurred in the past 12 months? We can only all still gaze and wonder what this all looks like in a single year from today!
It's the First to Market Network Effect in Play, right now. ==================================== Businesses will not care to deal with the hassles of accepting many Crypto's unless they must. And with 3rd party Exchange Services adding fees for conversions 1st from Alt. Crypto's to btc, then btc to fiat, that will combined eat away at any Alternative Cryptos margins too compared to Bitcoin's for retailers, and everyone else concerned for that matter.
So the message there is to plan to skip the conversion to btc, and go straight to fiat conversion instead, just like btc. With 3rd Party Exchange Services for just that type of need, that is as fast, smooth and fluid as pouring a glass of water from a pitcher for example, and just as low cost for merchants as it is for Bitcoin.
So there, this is laid out, and spelled out, in some respects, at least some high points concerning what needs to be done. What we all must do this year as I see it, starting today! This is merely overall guide to what we all must start working on.
The Bottom Line:
Either many things start happening at a much faster pace, or things aren't looking bright for the vast majority of Crypto's. In fact it's now certainly possible that Bitcoin sweeps up and grabs almost the entire mainstream marketplace all to it's very self, if other competitors don't fast fully get their/our acts totally together now.
There are a long list of services and tens to hundred's of Billions to be made this Decade involving everything to do with, for, and surrounding Crypto-Currencies. Figure them out, start up those businesses, make them successful. And then you too might be able to live the dream.
So without further ado:
Accelerate those Crypto Marketing and Promotions engines. The Race to the Marketplace already began. =================================================================
And may the Best Crypto's Win.
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