RE: Long live the KING! Bitcoin takes back 50% market dominance
It's astounding and also a sign of maturity to me with Bitcoin. There are so many debates about the aged technology and the real world problems Bitcoin currently has (confirmation time, high fees) but it's not long ago Ethereum and Bitcoin were on par and where is ETH now?
Bitcoin had a long journey and is now established currency in some countries in the world (Japan, Australia, soon South Korea) and that's paving the way for all the other cryptocurrencies. I'm amazed by lead devs apart from all the rumors and debates. Mining today seems ridiculous with that CO2 footprint
animation from gyphy.com
I think the whole crypto ocean if we think of that with an ever rising sea level will see market caps we only dream about today
Many talk about a $5 trillion market the more optimistic see that in 5 years the more conservative in 10 years and maybe the most realistic in 15 years like Andreas Antonopoulous
Thanks for the interesting post. Myself i owning no Bitcoin currently, i avoid the best i can because of the high mining fees and because i'm new. I can clearly understand the concerns of tokenholders who hodl since the beginnings. What a rise! Alone in the first half of 2017, just unbelievable how the sea level of the crypto ocean reaches new alltime highs and is just at $87 billion in a huge market dominated by fiat.
I don't know exactly what happens to Bitcoin but today it has it's strong position among the rising contenders like EOS, Ethereum, IOTA to name a few and i see the brand after Segwit debate and the necessary upgrade as major stepping stone to advancing to mainstream adoption in the next decade.