The bitMoney Market Capacity passed the 30 billion boundery going towards yet another all time highsteemCreated with Sketch.

in #bitmoney7 years ago (edited)

The best performing bitMoney^, aka Coins/ Cryptos, currently are: Bitcoin and Litecoin. They are dominating the 24 hour volume tradelist, with Litecoin really doing well over a period of 7 days. Now who said going SegWit would not make any difference for the market price of any coin? Anyway, Litecoin and Bitcoin still are the bit equivalent for silver and gold to me, and I might not stand alone on that one. And I still expect Litecoin to make it to another jump upwards as 'SegWit' signaling holds. Maybe even today we can see it brake trough another barrier as the Market Capacity breaks trough the 31 billion milestone.

Steem Backed Dollar {SBD} is doing great by the way, spot eleven when sorted on the 24 hour trade scale. Looks like Tether took a firm hit and now it seems in SBD is where there is trust. Bitshares itself is doing quite alright being at spot 16 in the 24 hour volume trade list. Steem is there in the top 30, at 28. All in all looking good, although the best for Steem and Bitshares is still to come, at least that is what I think. Good news sometimes needs to sink in first. Also it needs some time before others get to understand how brilliant these platforms are, how easy scaleable and how incredible fast. Like 1-2-3-DONE! Just spreading the true message of the best blockchains around here. ;-)

Amazing growth of the so called Altcoins

In the chart I added, a screenshot from my favorite Market Cap site 'CoinMarketCap dot com', you can see how the so called AltCoins really are taking over a large section of the overall market. Or maybe it is better to state that the Altcoins are mainly responsible for the fast growth of the total market capacity for bitMoney, aka Coins/ Cryptos. That could mean that bitMoney is getting a broader audience. And some investors begin to understand that there are really traditional investors out there who can proof they got millions of ROI {Return On Investment} from investing in bitMoney. And I heard that Steem Backed Dollar {SBD} was the one to get, as it is limited in its total capacity. (Yes, I know, that one is a quite biased one towards the hometeam...)

It will be getting harder to deny all things blockchain for the world that so far has ingnored all thing concerning bitMoney. Just as the Bitcoin community, mining-pools and developers might have a serious look at getting SegWit in consensus. Because the market charts show a fast shift towards other bitMoney systems. And some of them are forks of the good oal' Bitcoin code itself that did signal SegWit and seem to hold it. Look how they got rewarded by the market. But then again, keep fighting, there are others who will go for the grabs. Like Steem and Bitshares to name but a few, they will be at it like 1-2-3:BLOCK!

Amazing times ahead

Exciting bitMoney times though and things will become even more flabbergasted over the next couple of days. At least that is what the three pigs, the bucket and the truffels predict. The farmer again raised his price for hiring them piglets. Might even start to consider of buying them. But you get it right? Because here comes the usual warning...

Only put in what you are willing and able to lose and your speculation might be as good or as bad as mine.

Have a great one!

All time high total Market Capacity


screenshot 'CoinMarketCap dot com' cc0 by @oaldamster

^ PS: If you are wondering what bitMoney {BM} is, it is an effort to help non Crypto insiders understand what it is about.

EDIT-1: Corrected some text, added links.
EDIT-2: Some more text corrections.

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Amazing and exciting times ahead as the world begins it's shift towards smart money!!

Absolutely and we are here to tell the tale!

Do you expect a sharp correction if finally bitcoin resumes with higher prices?

No, I do not expect a sharp correction for the others, after Bitcoin gets to new All Time Heights. Which I guess will still happen. Maybe not as big a growth as it would be if it got SegWit activated. Yet, I think it will slowly keep rising in price.

As I see it, the overall market capacity will probably grow, because new participants are drawn in. And that could reinforce itself. Causing an ever faster growth.

There will be dips in between, but that is a pattern that comes with the realm of cryptos. Overall I do expect a growth of the overall market capacity, where Bitcoin will still gain in value, but will drop in market dominance. Which I believe is a healthy thing.

Really interesting point of view, thank you very much.

It is my pleasure.

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