whats your take on this?

Discussion about different cryptocurrencies.
Forum rules
Discussion should be conducted in the sincere spirit of inquiry after truth, without fondness for dispute, or desire of victory. - Benjamin Franklin
Post Reply
User avatar
ImplantedSteak United States of America
Site Admin
Site Admin
Posts: 15
Joined: September 9th, 2019, 10:36 pm
Contact:

whats your take on this?

Post by ImplantedSteak » September 30th, 2019, 9:30 pm

According to Forbes “Throughout the history of cryptocurrencies, altcoins have had a lot of trouble competing with Bitcoin, which is basically the gold standard of the market. In terms of everything from network effects to brand recognition, there is still simply no real threat to Bitcoin’s position at this time.” Is Bitcoin still the gold standard when it comes to crytpocurrency market?
The Government hates crypto because it empowers the people.

JPerez2512 Philippines
Posts: 13
Joined: September 13th, 2019, 10:52 am

Re: whats your take on this?

Post by JPerez2512 » October 5th, 2019, 11:12 am

By reputation alone, Bitcoin wins. It's the most stable currency right now, simply because it's the most heavily traded and the most well-known. People feel safe investing in Bitcoin, and that's not something to be taken lightly.
look at the traded volume everyday.. whether its going up or down..
Altcoins seem to have a lot more potential and a lot less chance of loss than Bitcoin, but it seems like Bitcoin is the gold standard.

2019 will be Bitcoin’s year of building
Regarding Bitcoin’s price, I think we are at the bottom here. There are too many big players getting involved and too little BTC available for large purchases without pushing the price up. 2019 is definitely a building year to support the next big wave. I think we have one more big wave of adoption on the hockey stick before it levels out for a gradual rise.
Cryptocurrency is still an adaption stage worldwide.

Post Reply