If you are Altcoin Holder then read it!!!
I see others posting about BTC dominance crossing 50%. What are you talking about? You really think that 50% is BTC dominance?
Yeah, it is not fake number, it is actually 50% in BTC but where is the rest of 50%?
In altcoins? You will see after this bear market what will altcoin market looks like. 95% of altcoins are scams! All that money will flow in future to BTC and rest of altcoins that has some value and working project.
BTC was king, BTC is king and BTC will stay the KING!
Think a little bit about altcoins you are holding and their real value. Beside ETH and LTC ( maybe few more ), I do not see any value of that coins. They are just still holding price bcs of hype about thei potential project but they are not moving! They are still at the step!
So, be careful what are you holding! I would rather hold BTC knowing that it will drop 80% in future than 95% of altcoins! The truth is that the majority of altcoins will die and be forgotten so when someone tells you to buy the dip, be very careful!
DO YOUR OWN ANALYSIS!
The truth is that BTC dominance should be at least 70-80% if we don't include these scams made on other blockchains. Scams called Initial Coin Offerings (a.k.a. ICOs).
Not only ICOs, but also hardforks! Ohh we can easily say that BTC dominance should be 80-90%... because the value of other coins is amolst zero and when you multiply zero even with 100% you got 0.
Think about this for a bit!
I agree! It's obvious, 95% of altcoins- tokens is a pure scam! Hopefully, you write about as it's a long time I don't see and read something rational... There are hundreds of posts every day promoting new ICOs that are obviously bullshit and there is almost nobody to talk about this annoying issue... I read sometimes whitepapers just for laughing! And when it comes to the promotion the slogans are always almost the same: The future of cryptocurrencies, the solution to this or that problem (which many times is not at all a problem but just a concept), the future of blockchain, the airdrop that will make you rich after a while, the other airdrop that will give you the opportunity to participate for free to this or that super project that will replace everything you know about the internet or about payment modes etc... And people are so naive and buy and stock and are waiting for the launch event of what it will never be launched! Keep posting articles like this, please! I upvoted resteem it and follow you! Have a nice day!!!
Thanks for such a great comment
Do you think STEEM is also one of those 95%?
No steemit is good project .... average coin
That's true.
Yes it's really hard to accept but it's true
I think I will need to have some btc's...
@sagartalekar, I'm waiting for the continuation of the topic