For example in your assessments that adoption is not rapid enough and that bitcoin is losing market share seems to be quite a way off and really exaggerations, no?
"Bitcoin has steadily been losing some marketshare ground to shitcoins for 3 years now."
I doubt that the facts really support this kind of an assertion. Sure, we have been witnessing some innovations from altcoins (shitcoins as you call them), but in the end, any "losing of marketshare ground" is likely more illusory than anything.
JJG, since you seem to like to confront people a lot,
That seems to be merely your perception of the matter. I am just engaging in conversations related to bitcoin (hopefully) to the extent that posters want to conversate regarding such matters.
and since you are always in need of hard facts, stats, and proof over public sentiment (which is fairly palpable atm), then here you go.
hahahahahaha... I don't think that I am demanding anything, yet if a poster makes claims then they should attempt to back them up with either facts or logic or both, and yeah, sure, each of us are going to decide on an individual level the extent to which a claim needs to be backed up... and sure, other times, some claims are merely opinions and not able to back up, which can be fair, too, depending on circumstances.
Thanks for the chart that points out how you arrived at your opinion, and I believe that helps to frame the understanding a bit better.
Personally, I don't find your evidence to change my opinion on any kind of meaningful level.. Sure, it is good to look at actual sources concerning the share of the market that alt coins have and their share in comparison to bitcoin; however, you will notice that the graphs that you provided begin largely in mid-2013 because prior to 2013, there were hardly any crypto currencies or anything of such a nature, except for bitcoin.
The mere fact that various crypto currencies are being developed and attempting to take away some of bitcoin's market share, does not undermine the importance and/or uniqueness of bitcoin and what bitcoin brings to the crypto space, as compared with the various "competitors." Even though there is some downward trajectory, I doubt that this actual "downward trajectory" signifies that bitcoin is threatened in any kind of meaningful way by the various other cryptos.
Bitcoin continues to bring to the space a certain level of secure decentralized immutability that is not provided by any other coin. Yeah, sure, go ahead and proclaim that bitcoin is dying and losing market share, but those kinds of proclamations have no real material meaning when you really consider the actuality of what bitcoin is providing that none of the others are providing, still to date.
Also, it is likely good that quite a few of these various coins are coming to the crypto space because they provide avenues for folks to get involved in cryptos and likely helps to develop the space. If at any time you see some coin(s) that are worthy of investment, then fine go ahead and invest in such alternative coins... That is not a big deal. I personally do not see any meaningful reason to divert my investment from BTC.. yet others are free to come to differing conclusions and to invest in accordance with they perceptions.
Doesn't change the fact that I'm a permabull. But my patience is starting to wear thin.
O.k. I will accept your representation that you are a permabull and that you are running out of patience, yet to me, some of that running out of patience seems to be unreasonable, like you want to rush something that is not quite ready for what you would like, like you are suggesting that it should be better in some kind of way. You are certainly free to diversify your investment to the extent that you believe that there may be some other coins or investments that are more suited to your short, medium or long term views. I really don't see any reason to get inpatient with the movement of bitcoin's market, whether that be price appreciation, development or adoption. These things take time, and even though some indicators seem to show that progress is either flat or going in the wrong direction, it is my sense that you are giving too much weight to the wrong indicators, or maybe possibly, you are overly invested in one direction?
Other so-called bit bulls have already moved on and left bitcoin behind.
Sure, that is a factor to take into account when you are weighing the extent that you should diversify or leave. I personally think that it is dangerous to leave now, but each individual has to make those kinds of decisions for himself/herself, and to spread out risk to the extent that s/he believes that it is prudent to do so for his/her own individual circumstances. Merely because some supposed bulls have lost faith is not going to necessarily sway me to follow them, unless I think that their facts and/or reasoning is sufficiently persuasive.
Take the Mike Hearn rage quit for example, I found that quit of a supposed "bull" to be completely disingenuous and lacking in any kind of persuasion for me; however, other bitcoin investors gave such rage quit of Hearn more credibility and thought that he was on to something. Many of us currently recognize that Hearn was likely wrong at that time and the level of his criticisms, even though the timing of his quit seemed to help to bring BTC prices down from mid $400s to mid $300s, and even a certain amount of price stagnation for a few months that coincided with such quitting... but so what, we cannot know for sure how long the price is going to stay in a certain range, and if we understand the fundamentals sufficiently, we may not follow what some others may suggest, even though they may hold themselves out as supposed bulls.
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