Will Bitcoin reach $1 million this cycle? Will altcoins not survive?
A few views from Dan Held.
The later might be good for Hive since it is moving towards more decentralization in spite of trying to increase the throughput.
https://cointelegraph.com/news/supercycle-may-propel-bitcoin-over-1-million-kraken-s-dan-held-says
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Well it true that the only crypto to probably survive no matter what to be BTC. Everything else is pretty much speculation and it is similar to the question on yesterday's post about the value of crypto. We don't the exact value of anything.
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That is true although the idea that altcoins will succumb to governments and only Bitcoin will withstand it doesnt make a lot of sense to me.
Yes Bitcoin is resilient at this point but I think others are also.
For example, I dont think Litecoin can be taken down either.
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Yes, I think there are quite a few now that will survive. Like I said, I'm not saying they don't have value. Some of them clearly do. And a LOT. My problem is just trying to determine what a good "price" is. The market dictates that but there are so many factors that can mess with belief. IT would just be nice to have some sort of measureable fundamental to go off of.
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Figuring out the value of most anything is hard.
I look at Tesla and I see those who try to value it on the fundamentals and laugh.
There is no way to look at it like that. Now how do we look at it to get a value? That is near impossible too.
So I dont think crypto is so strange. This is changing the way a lot of things are done. That is hard to figure until it happens.
Look at all those who thought Amazon was overvalued at $400.
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