It is a question of when and at what level the bullrun will begin for BTC, anywhere from today at 9k or in a few months at 7 no more, no less.
i suspect that bulls will keep price above $7500 to maintain the parabolic curve of this year's uptrend.
Alts are currently completing a wave 2 in the new uptrend market. So Alts are actually in covert bull already, don't sell your alts.
bold call. i assume you mean against BTC? you got a chart for that? i'm afraid to get my expectations up, but sentiment is indeed feeling right---pessimistic and rekt---for altcoin spring in the not so distant future. it's been a long and cold altcoin winter.
WAVES is my main market so it's completing a 6 month wave 2 from a december 2018 wave 1. I didn't know what to make of that 6 month slump but it bears a few characteristics of a drawn out wave 2. It's BTC and $ that is tracked for WAVES, I am uncertain about top 10 alt performance and others in general. WAVES have recent issues that can interfere with transition into wave 3, specifically VST and Bettertokens. So I should perhaps clarify that this optimism is geared towards the type of alts described in the paragraph below. This new market requires cherry picking, big gainers x1000++ are in there somewhere. WAVES could be one but I am not at a position to recommend heavy investment there because of its issues (it's Russian).
You sounded like you know altcoins too well, the first altcoin that we had in the cryptocurrency market came with the promises of having a better system than bitcoin, people keyed into it, Litecoin also came with those promises also, and so as many other projects also did, but where are they now? Till date, they are still panting and running hard to meet up with bitcoin, so I really don’t see any altcoins being able to outperform bitcoin no matter the use case that they have because they still all rely on bitcoin to do well.
If altcoin was going to outperform bitcoin in the long run, you should have seen it by now, or maybe you can just hint me on which alt coin gave you all these courage to make you have this bold statement on the page about bitcoin being outperformed.
My position on alts is mixed because it seems all the devs that are enjoying good momentum are targeted by regulators, whereas the powers behind BTC are the old regimes so there is alot of momentum to get BTC on top of the pile which they are actually succeeding in right now and have been since april.
Obviously, great alts will appear if sanctioned by the old regimes. I envision some AI backed coins will be a perfect addition to this neo feudal totalitarian model that is the flavor of the century. Because of the hard GDP cap of BTC when above a few trillion, these alts will vastly outperform BTC when introduced at a few hundred million. Nation states who overtly attempt to introduce coins will go nowhere, mainstream is dumb on blockchain but if given a choice with sentiments as critical as the present, they will absolutely choose to not back governments if they can. So it will be and is alot of sock puppeting and astroturfing to get everyone onboard this new money deal and dumping the unsustainable fiat debts of the 20th century. China is a big loser in this game so they will be the ones sponsoring everyones gains here, and it's too late for them to recover position with dollar hoarding an crypto censorship.
For the current alt coin generation, introduction of decentralized atomic swaps can be a good trigger for x200 rallies, privacy nodes can also revive because they entered at late peak 2017 so did not really have a chance to deliver before dying down, but this is a niche sector with less capitalization potential. All these privacy nodes look like a huge wave 1 early 2018 and then wave 2 multi year chart which is coming to an end now.
Other alts that can perform very well are coins backed by something real like a service or asset, or some use case that BTC does not cover. There will probably be fortune 500 migrations soon and this will introduce private money according to a neo feudal model. This would be an explosive rally trigger. But because there is actual economic modeling possible in this subsector, speculative momentum may not grow into bubble mode. Overall a huge boon to the industry and in the right manner, as a liberal addition that does not necessarily interfere on a regulatory level with the current generation of coins. The power dynamics between states and multinationals may be interesting to follow over the 2020's, right now the military (crown) is controlling everything but this can change quickly if there is a higher degree of organization of the masses with private money (lords) at the core.
With the level of sophistication of surveillance tech and the direction its developing, more players is alot better even if it will lead to civil conflict when the old hegemony is replaced by smaller corporate states. I believe people of this generation will seek peaceful transition of power so corporations with mobilizing tendencies maybe starved from capitalization. It's a very utopian outcome in this scenario but depends on resource abundance of the masses or other things like pandemics or disasters, can switch the flavor into mobilization mode rapidly, happened many times before. False flags are unfortunate risk factor as max IV labs are military controlled. Look at Syria, dictators stop at nothing to retain power, Ghaddafi did halt chemical use, didn't end well for him now did it. Kremlin doctrine = destroy everything if at brink of destruction.
These key elements are beneficial for the utopian scenario:
1. Rapid armament of the masses by 3d printing before any restrictive laws can be implemented to retain status quo, it's a deterrent against totalitarianism when deployable for large scale rapid mobilization like flash mobs. Some say that todays military is too complex for the serf class to challenge and its true in its current incarnation but can change very quickly. There is also an allegiancy factor with western commanders that may service democratic regime change.
2. Flooding the market with as many strong private currencies as possible, this will render any counter measures inefficient. Could originate in silicon valley and spread to fortune 500's.
3. Production abundance through automation and implementation of universal basic income which masternodes and proof of stake is perfectly developed for. Resource abundance will facilitate healthy power transition.
4. Maintaining government to a lesser degree for protection of vulnerable infrastructure and social administration. A phasing out of the military industrial complex makes direct opposition less likely. They can have their psychopathic sandbox to play in but it will be rendered completely irrelevant to the new world order at large. This will be the first time in human history that the hunting class is nolonger in command of civilization.
I believe that this resource re allocation from military to private will accelerate a singularity event. A military elite controlled singularity is possibly very dystopian. The irony here is that all free citizens must assume characteristics of operatives, but not as specialized. In Rome, most senators were also soldiers, so I envision a huge senatorial class of upgraded feudal serfs combined with cyborg integration. A highly classless society.
