Bitcoin Was Just the Beginning of the Age of Decentralization.
I don't think Bitcoin is going anywhere anytime soon but it is sure showing its weaknesses. I keep hearing that Lghtning Network will save it and that RSK will deliver on their promise of a smart contract platform built on Bitcoin. My patience is growing thin. For now I will HODL Bitcoin but most of my portfolio will be in projects that I believe can move the revolution forward.
Frankly I think Ethereum is going to age quickly as well. EOS and Cardano are peering around the corner and they will deliver their 3rd generation crypto smart contract platforms soon. I believe this is a good thing for crypto. Imagine if we had to still use record players to listen to music. Nostalgia is nice but upgrades are better!
haha fun picure! More and more alts get attention that is true :) lets see where we are in 2 years from now :)
@hilarski - Sir at the begging of the year you talked about it, EOS & ADA they are based on same concept like ETH do Sir... Therefore, with the power of 3rd Generation they will do better in this year Sir... Useful information for all of us Sir... Your recommendations are valuable to build our crypto careers...
+W+
I got some 80's Hair Band Rock N' Roll Albums on Vinyl you still might like @hilarski...
Nice
Yes! As I've said for the 1000th time, 2018 is the year of the alts. I have pretty much 100% of my port folio invested in non top 5 coins. I have some ethereum and that's about it.
However, after taking a 40% loss on COSS Coins (which were 90% of my portfolio), I'd just like to remind people to always hold the majority in (somewhat) bluechip coins haha... less chance to moon but it'll save you a few sleepless nights LOL
A topical post! I cringe when someone asks me to help them get some BTC to HODL. I cringe when I have to convert it or transfer it!
I love coins like Steem and SBD that have no transaction fee and are virtually instant.
I was holding back on BTC lately until @vegansilverstack commented on a post about how the Lightning Network is actively being developed.
Funny enough that prompted me to research it and he was right. I did a post today on it:
https://steemit.com/bitcoin/@sequentialvibe/thoughts-on-bitcoin-and-the-lightning-network
I think it is worth keeping 10 to 50 percent of one's portfolio in BTC in 2018. I didn't think that 24 hours ago!
Great discussion.
You are very right Bitcoin is going down and Showing it's weakness and other Crypto Currencies like ethereum litecoin dash Neo are increasing their Value. I hope for the best regarding Bitcoin and prepare for the worst. I think wait & see is the best strategy at the moment. Patience is key to success in Crypto. What is your opinion sir? What is your advice for Small Investors like me :)!
Thanks for Such a informative post @hilarski.
Congratulations @hilarski
Bitcoin Was Just the Beginning of the Age of Decentralization.Exceptional point, BitCoin is the alpha of all & it remains as ALPHA - HODL...!!!
10% Upvoted by @MinnowsPower
I am into ADA and EOS. HODL them.
People shouldn't count out the Gen 1 cryptos just yet as I think many of them will surprise people in the coming year. Will BTC/LTC/ETH... be replaced with better/newer versions of the technology? Possibly, but I don't think its as likely as many people may expect. 2018 is going to be an interesting and very telling year for the most part, so it should be interesting to see how this all plays out.
Bitcoin would be decentralized now and it seems some little dip and again immediately rise up. But all peoples trust about BTC yet. BTC currently in 14,000 USD level. We'll all hope it will be rise over $20,000. But not done coz South Korean 02 exchange sites was banned I think. If I'm wrong plz correct me @hilarski.
Other ways ETH, EOS, LTC and some of new cryptos seems some little gain and lot peoples keep HODL now. Price will be gaining very soon.
Thanks for update us.
I think one of the most overlooked means of price support for BTC is that most altcoins have only one trading pair and that is with Bitcoin. It would be nice to see LTC or even ETH paired with every coin that BTC has a pair with.
Why should I have to buy BTC to get at some of other coins? Is the exchange business model to rack dual fees for every purchase?
Your ideas are right. When Bitcoin grows old, other coins will reign. But one thing to remember is that, (OLD IS GOLD)
I prefer silver.
My choice is different. I prefer mix all.
I know I dont code for bitcoin, or give speeches about bitcoin, or ever support bitcoin in any way whatsoever but here's a list of demands and a time limit.
hope btc will be always up and i still believe on bitcoin and its value for transactions make it mroe valuable therefor not possible to defeat btc in any way hilarski sir
hmmm nice and i think the btc is the father coin as everyoe know and also i think in next some years the father of crraypto will be old and weak and many new become young like eth and steem @hilarski
the btc will die from its fee and transactions time and the comptition in market with the more others attractive cryptos
How long have you been investigating this? 2 months?
He is an old man but a very valuable old man :)
Yeah the new generation coins are definitely going to be the ones taking over eventually. The whole debate among crypto-enthusiasts about the fate of BTC is a tough one to determine.
Great illustrations!
Yes, Bitcoin became too old and slow for our modern world, but for now it is still respected. I do not think that he will burst like a bubble, most likely he will be given a leisurely retirement.
I have read the news that 80% of the total bitcoins are mined til now.
This is an argument proven everyday.
BTC will always be around for its purpose but the the better coin will prevail.
Exactly I think BTC replacement is not even out.
2018 is a turning point in crypto.
Thanks for this info.
Keep on steemit.
I think it will still dominate and be the granddaddy of all the other coins even though it may not be out as long as then . Do you think some will take over it’s position
it is very well said that
Bitcoin Was Just the Beginning of the Age of Decentralization.
I don't think Bitcoin is going anywhere anytime soon but it is sure showing its weaknesses. I keep hearing that Lghtning Network will save it and that RSK will deliver on their promise of a smart contract platform built on Bitcoin. My patience is growing thin. For now I will HODL Bitcoin but most of my portfolio will be in projects that I believe can move the revolution forward.
Frankly I think Ethereum is going to age quickly as well. EOS and Cardano are peering around the corner and they will deliver their 3rd generation crypto smart contract platforms soon. I believe this is a good think for crypto. Imagine if we had to still use record players to listen to music. Nostalgia is nice but upgrades are better!
Thank you for copy pasting all my written text.
he was saying that u said very well that thing sir
And he even got upvoted for it twice! Makes me laugh.... sometimes
Bitcoin is old but the technology still has a long way to go in development. The new kids on the block sound cool but they haven't been tested yet. These projects have the potential to disappear quickly when the bugs are identified. This is a long-term game.
@hilarski,
BTC = 1st generation
ETH = 2nd generation
BTS/STEEM/EOS = 3rd generation
This is what I learn about blockchain maturity!
Cheers~
Steem is 2nd generation.
@hilarski,
STEEM based on Graphene's blockchain technology. It's 3rd Gen if I am not mistake! BTS, EOS based on the same technology! This is what I heard and believed! Am I wrong friend?
Cheers~
With the biggest developer community I think that bitcoin will be around for a while to come. I think they will need to fork it multiple times to keep up with the innovation though. I does seem that it is being left behind in the last few months hopefully we see some innovation in bitcoin soon
That is true, therefore it might not take to long for some other fresh coin to climb the throne. Maybe even some coin nobody has on his radar yet
This is true also ..but i still believe in bitcoin ...in my country india ..bitcoin is only option for trading .....there is no alt coin available...there many such countries like this .....you are right randy bitcoin in not going to die too quickly.
Age is wisdom ;) Bitcoin already made a stance last year saying they dont care about improving the amount of transactions till lighting network launches. It is clear now the vision for bitcoin is to remain stable and strong without any loopholes - hacking attempts while remaining a store of value. Heck everything is STILL to this day traded in Bitcoin or ETH and not many others can say that. BTC still has a strong future which I am happy on buying the dips. It took years to get ATMs bank cards etc to adopt BTC its going to be years before the start accepting anything else for world adoption.
Agree,
One is for sure, Bitcoin is going to stay here, the best decentralized coin.
I think it’s great opportunity to be accumulating bitcoin.
Many people make a mistake by selling when it gets boring and jumping on board when it’s already too late.
Bitcoin is mother of crypto world. All the coins can vanished but btc will survive. Now a days those forces who don't want BTC to grow fast are fully focused against BTC. Everyone can smell. But this could be a temporary issue. At the end BTC will move up soon. Thanks @hilarski for your update.
@hilarski..in my view .the bitcoin is the father a father of all crypto..because of the only the bitcoin price raises causes the every one knows about the crypto..present there is a new coins come day bay day...every one confuse to choose which one is better to buy..and which coin will reaches the bitcoin price....thank you for sharing nice usefull information with us.m.
For me all those upgrades seem like:
Trying to upgrade a Ford Model T with a 650 HP engine. It's just not built for it. EOS will smash ETH in my opinion, CARDANO has a long way to go, but still better than ETH.
Just my 2 cents
I feel the same.
All new well-stuffed old. Excellent photos for the article. Thanks for sharing.
I would agree partially, there are indeed pain points with BTC and news aboout China banning BTC mining, I hope the price will be back to 14k.
Bitcoin officially influenced a position to a year ago saying they dont mind in regards to enhancing the measure of exchanges till lighting system dispatches. It is clear now the vision for bitcoin is to stay steady and solid with no escape clauses - hacking endeavors while remaining a store of significant worth. Hell everything is STILL right up 'til today exchanged Bitcoin or ETH and very few others can state that. BTC still has a solid future which I am glad on purchasing the plunges. It took a long time to get ATMs bank cards and so forth to receive BTC it will be a long time before the begin tolerating whatever else for world appropriation.
Bitcoin could still go up anytime this year, but the altcoins will dominate him for sure. There are so much better projects then bitcoin right now.
I am beginning to think that BTC will not be able to keep its growth due to the large amount of competitors. Growing ETH, NEO, LTC pairs will continue so what's the purpose on holding BTC forever?
I think Bitcoin and Ethereum have their place, but the new tech is definitely going to surpass them in terms of usability! I am not sold on LN or Rootstock. I remember Nick Szabo talking about RSK a while ago and hope that it becomes useful on the Bitcoin sidechain.
The RSK team is excited to deliver their project but I am over here twiddling my thumbs.
I'm actaully kinda bullish on BTC at 33% dominance. I'm not a fan of BTC in crypto but it'll be a long time till it's not a big player
Bullish and usable are two different things. I am bullish as well.
Very True!
DAAAAAMN accurate. But the father, the mentor will not die yet.
Never underestimate the power of Bitcoin
Agreed. It's here to stay!
EOS and Cardano are peering around the corner and they will deliver their 3rd generation crypto smart contract platforms soon.
Valuable information. Thank you~
Thank you so much my dear sir @hilarski for sharing with us . have a nice day.
Hello @hilarski,
Extraordinary good topic to discuss, I feel the same. But BTC got it's demand very well.
~@mywhale
I totally agreed @hilarski.
New currencies come to the track and started to go gaining way. Hodl better option now.
Nice observations Randy @hilarski BTC is definitely the 1st generation thats for sure. What do you think of DASH and its' DAO approach where their network is self sustaining? It puzzles me that others have not picked up on this approach in a bigger way ... or am I missing something?
will stay with them. excellent post @hilarski
@resteemia
reteemed & upvoted & commented & followed
EOS & ADA are the future
~Followed & Upvoted