Big Daddy Bitcoin is Back & Your Alts Might be Hurting Because of It
Bitcoin is back up $17,000 and with that nice move, the air has been sucked out of some of the hottest altcoins of the past month like XRP, XLM, ADA and more. Is now the time to lock in profits, buy the dip or something else? Let's talk about the day's action and what we might see in the future.
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God bless you.
Bitcoin is moves to higher and higher.
with higher and higher fees to go with it
Didn't this retarded idea that Bitcoin was going to consume the entire world's electricity supply by 2020 get debunked already?
Yes it's tiny! Traditional finance has way more data centres, requires armoured cars to transport physical cash. Bitcoin can even help fund green energy as mining allows you to immediately start making a return even if there is no current demand. YOU CAN'T TURN OFF A WINDFARM LOL
he's talking about transaction fees
And longer transaction times :(
I noticed that when Bitcoin rises, Altcoins start to fall. But when Bitcoin falls, Altcoins start to rise. The money movement pattern in cryptocurrency markets.
It should wait for the soon to be 20000$ ;)
no reason for this. The situation is obvious. CB is clogged as is every exchange. Once BTC, ETH, and LTC can move again the alts will rise. This was just some profit taking. BTC is practically pointless other than being the most paired coin but long term this will change.
saying bitcoin is pointless is like saying nike is no longer relevant. brand recognition matters. bitcoin is king. listen to andreas antonolpolous speak and you will realize btc will always be king. tech advances exponentially. btc team solid- they will fix whats ails it
At the moment the alts are going higher, too. Siacoin made over 83% in the last 24 hours and other coins like verge are just waiting for their big moments. I think this hype will definately go on a few time! Check coinmarketcap
YEAH BTC no sleep
Yeahhhh! Bitcoin is back! Might go on a major bull run!
Looks like it is right now, that's for sure
oh dady I want to be your sun :)
Do you have enough Helium to become the sun though? ;)
Bitcoin is going to be a killer like it always is, never doubt the God of crypto.
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It seems indeed as if people are moving into bitcoin and out of alt coins...
It will be on its cycle again... and will be on its new all time high soon. Thanks for sharing! Followed you, looking forward to see more of your posts and updates.
I can honestly say, most of my alts are still doing pretty well. There's a couple that I just got into that are +/- 5%, but nothing major. I think we're over the days where Bitcoin had such a massive effect on the market, I've seen coins happily going up while it's been going down. Don't forget, Bitcoin is only 35% of the market now instead of 90% this time last year.
Let's see if BTC can get back to ATHs!
Bobby, you seem quite negative on Litecoin in general but I think in the next few months your going to see the real potential it actually has. Basic jist is LTC is gunna get lightning network, atomic swaps, MAST and more WAY ahead of Bitcoin (some time in Q1 or early Q2), and with this will position itself as the leader in the micro-transaction space and potentially an up-and-coming ICO platform. Anyways I just wanted to point this out as I tend to find a lot of people have your mindset about Litecoin (Bitcoin test net and nothing more) but I think that mindset may soon be proven to be fairly tunnel vision for the most part. Just my 2 cents.
I agree with @budz82 litecoin devs are way ahead although lightning network has been implemented for bitcoin https://steemit.com/dtube/@safetony/bvlidub0
I agree with you. BTC will be a store of value but LTC will be a transactional leader. It also has a more consolidated community led by Charlie Lee who is focus on increasing utilization. Unfortunately, the BTC community seems to be more divided on where to go from here with some many forks.
" It also has a more consolidated community led by Charlie Lee who is focus on increasing utilization. "
FYI Charlie is going to be leaving Litecoin in a few months to help decentralize it further so don't be surprised by this news when it finally is announced.