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RE: The Coming Altcoin Exodus

in #bitcoin7 years ago

These are my 3 cents which fit in your view:

  1. Regarding the first catalyst for bitcoin turning bullish again: there is already a hard fork in the making: bitcoin private (https://bitcoinpvt.org) In fact it already pumped zcash classic, because you'll get BTPs if you hold bitcoin OR ZCL at the time of the fork. (see also https://coinmarketcap.com/currencies/zclassic/). The fork is timed in a couple of weeks. Unlike Bitcoin Gold (which is a joke) it could gain some serios traction (50 contributors, ZN-SNARKS, 2MB, segwit, yadah yadah)

  2. From a TA perspective it looks like a HS was prevented - but i'm not a TA expert - which is also slightly bullish.

  3. Sooner or later a ripple or raiblocks or tron is gonna implode just by it's own weight without having bitcoin doing anything significant.

Btw. thank you for promoting STEEM. A lot of people still thinking its a scam, which is sad. Despite the recent price action, the numbers (new users, posts, comments) are exploding.

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Thanks for the thoughts humbrie. I'm not sure Bitcoin private will do the trick as there isn't too much buzz about it (some humming though - never know). I can understand why people think Steem is a scam - the money seems to come from thin air and an absurd amount of it gets paid to posts that provide nearly zero value (which is disappointing). I like being part of this ecosystem, but I can only hope in the long-term it attracts more high quality contributions and fairer payouts. I believe there is a chance though - many passionate individuals fighting for this very idea.

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