Bitcoin is Going Through Some Growing Pains.
We are all watching history be made. The teams of Bitcoin Core and Bitcoin Unlimited are spreading FUD across the Bitcoin and Crypto Currency sphere. If this caught you off guard you must of had your head in the sand. This post is not about what direction I think Bitcoin should go in. I don't have a public opinion about the matter. I will stick to being a neutral party in the debate.
The Beneficiaries of This Instability in Bitcoin is Altcoins.
Currently BItcoin dominance is down to around 73% of total money in Crypto Currency. This is a great sign for those of us who own other crypto currencies besides Bitcoin. I personally own Steem and PIVX. I will soon add other alternative crypto currencies to my portfolio. When Bitcoin had its huge run up shortly before Christmas I sold all of my altcoins. As many veteran traders know the money tends to flow in cycles. Right now we are in an altcoin friendly environment. If you have a favorite please let me know why.
I Will Be Watching to See What Happens with Bitcoin.
I know the popular FUD is saying Bitcoin is done but history tells me that it will come back stronger than ever. Just be prepared.
What is Your Favorite Altcoin During This Period of Uncertainty?
Steem has treated me great over the last few days but I know it can be volatile as well. Did you listen to me when I said to watch for Steem? Is a Steem Moonshot Imminent? I wrote this on Tuesday 03/14.
I chose PIVX because it is similar to Dash which has seen explosive growth over the last few months. The nice thing about PIVX is that it does not have all the issues that Dash has in its history. PIVX is not a client, I just like their altcoin. I will not be setting up a masternode until I see that the platform is scaling.