Bitcoin Stagnates
I don't know about you guys but it seems to me that bitcoin right now has really stagnated and things are bot looking that pretty scary for those of who are in bitcoin.
ESPECIALLY NOW that we have so many cool altcoins in the market that have way evolved the spirit of the blockchain
it will be naive enough to think that bitcoin will continue to dominate the market,
More so the wall street money introduced by the CME is either a course or a blessing ,people are starting to get scared by the fact that these guys are in the blockchain and have now gone for other profitable altcoins that can never be manipulated, at the same time we see an increase in price of the btc in the near future as momentum picksin the market.
If you guys think this article was cool,
I think more people will go to bitcoin cash.
The reason is positioning. I strongly suggest reading Al Ries and Jack Trout, 1981, Positioning.
Much of bitcoin value came from being "first". Most people do not bother to search. It costs to much to do a thorough search. Not too little information around, but too much. So they only sample, and end up with a list of "first", "biggest", and so on. (George Stigler was wrong about searching, in other words.)
Bitcoin was "first" and "largest". Very hard to shake that position. It will probably hold for some time yet, by the way. The problem is now that mining gives lower rewards than transaction fees and the token rose quickly enough for it to be worth it for people to look into the technicals. They don't like the details too much, given other alternatives.
So bitcoin cash, due to the name and origin, will get most market share, is what I would anticipate. ETH is being supported by large institutional players and has good ideas for use. They will end up, in some order, the top two coins for a long while. The institutional buyers of bitcoin also sold large blocks, it looks like it, and locked in their gains before the end of the year. Possibly to finance other hedges.
There are now other strong positions and they are competing.
its indeed very true people don't care about whats happening around them the only people that really do care are those who are technical , those who are deeply rooted into crypto .the rest just want to a quick back and enjoy life as it is.
I think this is also why the BCC was released last August.
Now, the congestion will get worse.
I think coins with a slower transfer speed will no longer be worth it.
At least, the BTC depreciation rate is expected to be slower.
Because Name value "Bitcoin: First..."
Am glad that you understand the game theory ,which is good if you have invested in btc
try and diversify your portfolio there are so many altcoins that have so much potential.
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