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RE: Crypto Market Thoughts

in #busy6 years ago (edited)

Interesting thoughts here. I certainly hope you are right and there is some divergence. However I think most will continue to ebb and flow with the whims of btc. With the exception being every now and then when major news announcements drop. I think exchanges and funds have the altcoins pegged to mostly just move whenever btc does and I think that peg is stronger than ever before. Getting more coins with fiat pairs would help.

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Agree that bitcoin will remain dominant given its position but others will start to have more influence as many others fail. I feel that the platform blockchains like Ethereum, EOS and others will gain more attention as scalability is proven and Dapps start to adopt quicker that the cryptocurrencies themselves. Thanks for passing by and providing your thoughts!

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I think you are right. I think bitcoin will work best as a store of value, which there is a large market for. However, fabric/platform chains that eventually will have businesses built on top of them could feasibly have even larger markets, like you are suggesting.