We are at a critical point....and if BTC.D at 70% doesn't sound alarm bells that something important is happening then you are just not paying attention! Whats happening? During the ICO boom BTC began to lose market share to billions of dollars of ERC-20 token along with the birth of ETH and XRP. BTC had to share the attention of the evolution of smart contracts brought on by ETH and the belief that XRP was going to bring a banking revolution. But the death of the ICO boom was a lot slower then everyone has understood...death in markets occurs in stages as faith dies. The truth is while BTC and was rising again, the ERC-20 tokens (with some minor exceptions) where dying - and the death was slower. Before that cycle could complete, ERC-20 and BTC needed to be tested. They both passed with ERC-20 barely surviving around $70/token - but they didn't go to zero (yet). The truth is that there is limited expansion to cryptocurrencies in the current phase, as we slowly exit the bear. And you really need totally capitulation for a bear to die. That process is working its way out in ERC-20 tokens - with many of them dying hard. So where does the new money go? It flows into the few that are known qualities...Binance did a genius thing moving to their own blockchain - their timing was perfect - not to mention a new technology they offered to sell to the market. So whats left? The BTC forks (BCH and BSV), BMB, and the new coming to transnational cash, LTC. Then you have a lot of other interesting coins that offer smart contracts or other tech and are trying hard to stay relevant (ADA, EOS, XLM, TRX, etc..)...
But its clear the ETH (which sill have a place for a very long time) and XRP are losing interest. ETH has the big advantage of having been first to smart contracts and a large user base even if some of the new coins offer better tech. But smart contracts haven't yet really proven themselves yet, so the need for other smart contrct blockchains is limited. As a result, when there are gpong to be capital shifts from BTC, its got to go into something that offers something of value.
So why would any die hard BTC guy shift? Well transaction costs, speed and diversification for a few,,,and who overs all of that...BSV, BCH to name two. And LTC but its not Bitcoin - lets face it.
Recently we started shifting out of BTC for payments getting tired of the slow transaction speeds and high costs and moved to BCH, If coinbase offered BSV, Id use it too. So there you go folks...BTC has a $200B market cap, if some of that shifts out...even 5%...you are looking at a huge prce increase to those who catch some of it...And we think the winners are going to be BSV, BNB, BCH for sure...I like BSV the best...but its not far behind BCH. If you are looking for appreciation, its betting to bet on these two then on BTC. I hear to much about BTC going to $250K, while that surely can happen, its more likley that BSV or BCH will have far bigger percentage returns on BTCs path to $250K. As for BNB - its got a lot of potential for manipulation by Binance who is puling out all stops to promote it...so you cant bet against it...I would be long it for sure...its going a lot higher from here.
But its clear the ETH (which sill have a place for a very long time) and XRP are losing interest. ETH has the big advantage of having been first to smart contracts and a large user base even if some of the new coins offer better tech. But smart contracts haven't yet really proven themselves yet, so the need for other smart contrct blockchains is limited. As a result, when there are gpong to be capital shifts from BTC, its got to go into something that offers something of value.
So why would any die hard BTC guy shift? Well transaction costs, speed and diversification for a few,,,and who overs all of that...BSV, BCH to name two. And LTC but its not Bitcoin - lets face it.
Recently we started shifting out of BTC for payments getting tired of the slow transaction speeds and high costs and moved to BCH, If coinbase offered BSV, Id use it too. So there you go folks...BTC has a $200B market cap, if some of that shifts out...even 5%...you are looking at a huge prce increase to those who catch some of it...And we think the winners are going to be BSV, BNB, BCH for sure...I like BSV the best...but its not far behind BCH. If you are looking for appreciation, its betting to bet on these two then on BTC. I hear to much about BTC going to $250K, while that surely can happen, its more likley that BSV or BCH will have far bigger percentage returns on BTCs path to $250K. As for BNB - its got a lot of potential for manipulation by Binance who is puling out all stops to promote it...so you cant bet against it...I would be long it for sure...its going a lot higher from here.