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RE: Are We In A Bitcoin Cycle? Should You Sell Your Altcoins?

in #bitcoin6 years ago (edited)

IMO any coin that really has the future in its grasp will be based on Ethereum. Obviously that doesn't mean that anything on that platform is great though. But Ethereum has such a monopoly already on the coin market I don't see someone beating them in the near future (2-3 years). My bet on the next GDAX coin is either NEO or DASH. Which aren't on Ethereum obviously, but actually have some potential.

Regardless, one should not sell their alt coins. Every time I have sold one I regretted it, but make sure you buy coins that actually have something behind them, otherwise they're just a dogecoin.

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Ethereum has certainly become a main artery of the crypto market so it will be hard to displace completely. I think it potentially has a good shot of taking the number 1 spot from Bitcoin but they have a lot of scaling issues and I think if the EOS main net is a step up from how STEEM operates and GDAX / Coinbase add it right away it has a good shot of taking over the number 1 spot.

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