ARE ALTCOINS BECOMING OBSOLETE??
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Your so entertaining Tre. People really have to listen because you got "golden nuggets" of knowledge that are really useful and profitable. You are just enjoying yourself and you love what you do. And you just don't care what people think. Following your footsteps with Bitconnect and Steem.
I just think it's people rushing in to get some BCC before the fork. If they're thinking they can just jump back into the alts after the fork, it's probably going to be a bit more difficult than that to earn some easy profit. There's probably a good opportunity right now if you want to pick up some of the alts while the price is lower .
bitcoin all the way
Who are you assholes?
Shouldn't you have BTC in a rocketship going the other way :)?
agree with you...i bought some BTS & XRP...& ETH today..
Alt coins will never become obsolete. Money will just go into them after BTC goes up.
I have absolute faith in steem. I won't let no propaganda get me down.
Its obvious that Crypto's will take down the Fiat System but cryptos are merely a temporary system i would say for atleast 20-30 years before a better system replaces it.
Awesome start Trevon!, this had me rolling!
Everything is going to be fine, altcoins are going to rise back to their old prices. I'm definitely not crying over this and I'm certainly not scared of looking at the prices on exchanges. Oh, who am I kidding, I'm screwed. Steemit is the only hope now.
😁
Even if your "test-net" theory is right, there is always going to be needed to test some new feature... I hardly doubt segwit is the ultimate BTC change... Also altcoins are useful for many other reasons than testing features...
What happened today is due to people buying BTC before august 1st, in order to have 2 coins... After that, altcoins are going back up, and BTC will probably fall because everyone is going to be buying cheap altcoins with their bitcoins doubled...
Many Alts are just clones so it's hardly surprising. A few Alts have strong use cases such as ETH and Steem etc. Most of the others only exist for speculation and are likely to die off as bitcoin gains mainstream adoption!
Agree 100%. I look at the market caps of some of these coins and I'm just left scratching my head. How can a garbage coin with nothing to distinguish it from anything else have a market cap in the 10s of millions or higher?
the alt coins will repump after Bitcoin takes this moonshot and gets back around 80% dominance
You are basing this on what exactly? Just a hunch?
No, altcoins won't be obsolete. We call all of it in the same bracket but most of them server a purpose, a different purpose. Even Litecoin is 2 steps ahead of Bitcoin now. ETH is an application. We all know Steem. So altcoins won't go anywhere. BTC is pumping as everyone's uncertain and want to gain free coins from the fork. Though at such a high price, Cash is not going to be free as when BTC corrects it's position by the difference of Bitcoin cash. So let's wait until the market corrects itself. Though I think LTC is something to look at. Cheers!!!
Bitcoin is activating SegWit so very soon it won't be two steps behind Litecoin ... as mentioned this nullifies one of Litecoin's advantages and explains some its drop in price.
Logically for this point what your are saying sounds true. But you can go through the reason I listed here; https://steemit.com/litecoin/@themystic/litecoin-is-due due to which I think there are chances that it may happen the other way round. I don't know why but I am positive about Litecoin too. Time will prove.
I own a chunk of LTC also because I think Lightning Network is great and also I think LTC can coexist and thrive with BTC where LTC is used for smaller purchases. We shall see... I have faith in Charlie and his efforts and you raised a couple other points in your post that are news to me, thanks.
You are welcome. Appreciate it mate. I love Charlie too. Though it's not the sentiments making me tend towards Litecoin. Cheers!!!
Litecoin is 2 steps ahead? They are a clone of bitcoin, and Bitcoin Core created Segwit. So what exactly are you talking about? Also, ETH is trash that won't scale, and POS isn't going to work out like you think it will. Steem is an inflationary crypto like fiat currency, which is fine if you understand that that is what it is. You sound very uninformed.
Hahaha, you are blaming each single coin out there. I respect your sentiments, but to create a platform like Ethereum you have to put in brilliant mind to work. Hat's off to Vitalik for making something that can be seen. Yes it has scaling issues but we can't just ignore the brilliant work that has been accomplished. There will be another successful version of ETH but ETH won't just die out of no where. Yes EOS can be a Ethereum killer but time will prove that. ETH exists.
My point with Litecoin was that it implemented Segwit and Lightning Network successfully. Absolutely it's a clone of Bitcoin but the mass doesn't care about it. If it works well for them they will adopt it. I am sure LTC will be the silver version of cryptos.
I respect your views but you seem to be a crypto critic which this space needs similar to movie critics which Hollywood needs.