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December 11, 2017, 09:48:04 AM |
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+2,000 ALT's, most will be gone in 1-2 years, maybe 1/2 dozen will survive above $10, or $50M capitlization
BTC will correct big time, as the HODL'rs have been good dogs since 2013, but now its time to cash-out and diversify those faux billionaires
BTC is thin, so once say 1/2 of the whales sell 1/2, ,then the price will plummet, as the newbs fresh blood is very thin,
We start see whales dumping +1,000 for everyday for months, the cycle up/down will be dramatic, whales don't care cuz they now buy insurance via shorting the cme-brr-gs futures, they can make MOAR money when their whale sale collapses the price, thus MORE volatility
BTC will fail, because it doesn't scale, and its NOT private,
IMHO one of the ALT's will lead, something like MONERO, but the marketing of zen-cash, ethereum is already a has-been,
Most likely serious contender for #2 slot will be an 'alt' from the FANGS for micro-payment and work their way up to bitcoin.
BITCOIN will always be the bank for rich ppl, but it will NEVER be for day-trading or buying coffee
... Which ALT??
Well look at the problems
1.) No Privacy in BTC 2.) not scalable 3.) too slow for transaction 4.) mysterious creator, nobody responsible to sue for damages 5.) sucky 20+ year old crypto algo nsa sha-256, just waiting to be hacked by public 6.) wallet files that that just sit there and say steal me, decrypt me, and cash me out!
Somebody will step forward to resolve the problems, somebody that ppl trust, a good name, an honest company, ...maybe IBM will deploy Watson? Who knows that the kind of Horsepower this problem needs.
For now BTC is #1 because it was first, but its a DOG, and its privacy sucks, and I will say again, it will never scale; BTC wasn't designed to be the New World Order Currency for people to pay 1 cent to use a toilet in Bangalore, and until somebody resolves this problem, ALT's will fourish.
Ethereum SUCKS don't even mention it, a 10 year old clone BTC with java-script as a script kiddy language, current byte-code engine of BTC is probably ok for scipting, its essentially just like python internals
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