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whats your take on this?
Posted: 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?
Re: whats your take on this?
Posted: 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.