^ this. The Bitcoin community is schismatic right now. It wont be able to push back up again until people are willing to get back on board. Sadly I don't think its ever going to happen. Lightning network is not a viable solution and there are too many other alt coins out there.
BTC is done moving up. And if it does move up it will take a pretty big force to do it.
For a while now I feel like btc is pumping on dumb money rather than principles, tech or actual implementation. I think bch being listed on Coinbase triggered a lot of dumb money to look into what they were buying and they either got spooked or are going into top 5 level alts now.
There's been so many forks trying t solve the scaling issue. If b2x doesn't prove to gain any traction then I sense a temp retreat in btc price as they go back to the drawing board...
To be honest, if technological capability and scaling capability were the main driving forces in price, I think BTC would be worth far less than it is today. That being said, even if segwit2x fails, I think it'll have little impact on price. The brand equity is just to powerful at the moment.
Bitcoin is like the Google of web era. There can be n number of companies with a niche. But the moment Google implements half of those features, it can make the company bankrupt. Same is the case with Bitcoin. Bitcoin is mooning inspite of all these issues. So you can imagine what would happen when Bitcoin solves its issues. I am suggesting all my friends to invest in Bitcoin at-least as an insurance against the failing FIATS.
Hello! can someone answer me on this importang question:
Today on Binance was added Nav at 11:45,
but on other exchanges it was already pumped on 20% before 11:45
This is happening every time almost on every exchange, does someone know is it cuz of some loophole on exchange whitch can gives u earlier info about new coin be added to exchange or this is just selling inside to some vip clients??
There’s also an issue of btc not being decentralized enough with major wealth being held in a few wallets. One wallet being dumped could kill the price.
For BTC's singular use case, lagging transactions speeds, and expensive transaction speeds, I welcome a reduction in BTC marketshare. I hope more attention will shift to coins/project that have a greater impact on the technology space than the overly touted "virtual store of value" argument made for BTC.
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Great video as always @cryptobobby. Here is your topic relevant crypto bobby meme of the day!
With that out of the way, my question is do you see the bitcoin dominance continuing to slide lower throughout 2018 as more and more powerhouse alt coins start coming to market or releasing their products? Are the days of a market cap split of 25% BTC + 25% top 10 alts + 50% all other alts just around the corner in the coming year? Would love to hear your thoughts.
LOL, you can reward me with an answer to my question, as I would love to hear your thoughts on that as I tend to think a 25%/25%/50% market cap split is highly possible next year, but a fair amount of people tend to disagree and think BTC will continue to remain the only dominant coin in the market.
Hello, I am new on steemit.
I invite you without any commitment and when you have time to see my first 2 posts.
I have a theory about ADA to share with you. Thanks for your time
@cryptobobby - Very nice overview. I agree with you that the marketcap dominance of bitcoin going down from the 67% in December is NOT a bad thing. For the crypto market to develop to it's full potential and for it to be free of manipulations, healthy Altcoin competition is a must.
Thank you for your insighful observations. I am new to the crypto scene but have observed some interesting correlations with nature on the bitcoin price dip/corrections. I would be honored if you take a look at my blog and provide your expert opinion. Thanks
Dominance would be relative until good currencies hits main stream.
I am so glad this happened in 2017 and right before the new year. As of now it is hanging somewhat around 16k which is a nice price to stick on.
-Amazon has already bought domains with bitcoin and ethereum names in it.
-Lightening Network seems ready for testing
-Nasdaq planning by mid 2018
-Bank of america coming up with an crypto exchange
-Many future options in 2018 than only CME
Also many countries like Russia, India, China and others are working on some regulations for digital currencies. Excellent things will start to happen in 2018. I guess the rocket will leave the earth's atmosphere in 2018.
Just HODL and hang on to the rollercoaster.
Invest wisely with lots of research. Cheers!!!
@cryptobobby: I really really don't understand why so few people talk about some glaringly obvious facts of the crypto world.
Bitcoin doesn't have time to fix its massive gaping ridiculous issues.
Dash is technologically superior, was able to upgrade its block capacity without forking and has organization, budget and proven efficacy behind it with real-world use cases.
Ethereum has similar problems to Bitcoin but at least for now has much better transaction fees and times.
As for Steem? Are you kidding me? Steem is already doing everything Bitcoin is still struggling to fork enough to achieve. Instant transaction times, ZERO transaction fees and -- let's not forget -- has achieved 1 MILLION TRANSACTIONS IN 24 HOURS. At 1% CAPACITY.
One. Million. Transactions. In 24 Hours.
That's 100 thousand transactions in 2.4 hours. That's ten thousand transactions in 0.24 hours (aka 14.4 minutes). That's a thousand transactions in 1.44 minutes (1 minute, 26 seconds).
That's 694 transactions per minute. That's approximately 11 transactions per second. At 1% capacity.
Bitcoin by comparison at maximum is, barring the Lightning side-chain solution (which comes with its own centralization issues), be able to do AT BEST 7 transactions per second. That's maximum capacity.
Compare that with Steem doing 11 transactions per second at 1%.
TL;DR - Bitcoin is legacy tech. Other coins are very rapidly overtaking it in capability, practicality and functionality, none more so than Steem.
Yes, Bitcoin has lost Market cap. One of the reason is the rise of Bitcoin alternatives like Ripple, Litecoin and Dash which has faster transaction times and lower transaction fees.
Like you said it is a Good thing. We have other coins to invest on which will have higher ratios when it scales up.
Hello colleague @cryptobobby, I hope you feel very well :D. Very good post, I voted for it. I would like to invite you to follow me on my page @emmanuel250998 where I will be uploading every day the latest news about the world of cryptocurrencies. I also invite you to vote for my last post:
Are there resources available such as flow charts or other comparison tables that compare the properties (e.g., transaction times) of the BTC blockchain to those of leading altcoins? What are those incremental changes in the software that you mention among these top cryptocurrencies?
It's interesting how Bitcoin can simultaneously be the most useless and most valuable (in dollar terms) cryptocurrency today. Even if the network was functioning perfectly, it has been eclipsed by other projects in terms of speed, privacy and efficiency.
Given how long it's taking 3rd party scaling tools to be integrated and how the Core team is afraid of making major changes, Bitcoin development could stagnate for the foreseeable future.
Mainstream investors need to move on from Bitcoin quickly.
bitcoin crossed the price of $16000 and according to my study it will cross the price of $50,000 in 2018 and the 2018 is the year of crypto currency
so keep investing in it and enjoy the smiling
Good read! I mean with BTC prices skyrocketing I think it makes more sense to try cloud mining because of higher returns. https://hashflare.io/r/7487B9DC 10% OFF voucher: HF17PROF5
Check out my new blog about bitconnect. Would appreciate any support. Upvotes, Resteems, and new followers as im new to steemit and trying to network with other crypto enthusiasts like me.
Bitcoin is the crypto of the grand daddies.
This comment has received a 3.03 % upvote from @booster thanks to: @discernente.
You got a 20.00% upvote from @yourwhale courtesy of @discernente!
I think Bitcoin has an infighting problem that needs solving before another price jump.
^ this. The Bitcoin community is schismatic right now. It wont be able to push back up again until people are willing to get back on board. Sadly I don't think its ever going to happen. Lightning network is not a viable solution and there are too many other alt coins out there.
BTC is done moving up. And if it does move up it will take a pretty big force to do it.
For a while now I feel like btc is pumping on dumb money rather than principles, tech or actual implementation. I think bch being listed on Coinbase triggered a lot of dumb money to look into what they were buying and they either got spooked or are going into top 5 level alts now.
Yeah that is what I am imagining is happening too.
If btc would solve scaling issues, the whole altcoin market would be dead, well except the coins with smart contracts
There's been so many forks trying t solve the scaling issue. If b2x doesn't prove to gain any traction then I sense a temp retreat in btc price as they go back to the drawing board...
To be honest, if technological capability and scaling capability were the main driving forces in price, I think BTC would be worth far less than it is today. That being said, even if segwit2x fails, I think it'll have little impact on price. The brand equity is just to powerful at the moment.
2018 will be the year of the alt although don't expect the bitcoin developers to go to sleep!
Absolutely not ^_^. But before progress is made, some of this infighting needs to stop.
Bitcoin is like the Google of web era. There can be n number of companies with a niche. But the moment Google implements half of those features, it can make the company bankrupt. Same is the case with Bitcoin. Bitcoin is mooning inspite of all these issues. So you can imagine what would happen when Bitcoin solves its issues. I am suggesting all my friends to invest in Bitcoin at-least as an insurance against the failing FIATS.
Bitshares is the future!
Hello! can someone answer me on this importang question:
Today on Binance was added Nav at 11:45,
but on other exchanges it was already pumped on 20% before 11:45
This is happening every time almost on every exchange, does someone know is it cuz of some loophole on exchange whitch can gives u earlier info about new coin be added to exchange or this is just selling inside to some vip clients??
It’s likely insider trading
Binance employees buying in
There’s also an issue of btc not being decentralized enough with major wealth being held in a few wallets. One wallet being dumped could kill the price.
Bitcoin is strong as F
For BTC's singular use case, lagging transactions speeds, and expensive transaction speeds, I welcome a reduction in BTC marketshare. I hope more attention will shift to coins/project that have a greater impact on the technology space than the overly touted "virtual store of value" argument made for BTC.
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @thejohalfiles valued at 312.61 SBD, based on the pending payout at the time the data was extracted.
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To the Moon we go
Oh no, the price crashed again
Back to Mom’s Basement
Great video as always @cryptobobby. Here is your topic relevant crypto bobby meme of the day!
With that out of the way, my question is do you see the bitcoin dominance continuing to slide lower throughout 2018 as more and more powerhouse alt coins start coming to market or releasing their products? Are the days of a market cap split of 25% BTC + 25% top 10 alts + 50% all other alts just around the corner in the coming year? Would love to hear your thoughts.
My gawd my man.. Home alone with the Bitconnect logo, I wish my upvote had more power because you deserve the world haha
LOL, you can reward me with an answer to my question, as I would love to hear your thoughts on that as I tend to think a 25%/25%/50% market cap split is highly possible next year, but a fair amount of people tend to disagree and think BTC will continue to remain the only dominant coin in the market.
Hello, I am new on steemit.
I invite you without any commitment and when you have time to see my first 2 posts.
I have a theory about ADA to share with you. Thanks for your time
Ya han oído hablar de futuro de btc, es la nueva manera de asegurar ganancias a largo plazo
@cryptobobby - Very nice overview. I agree with you that the marketcap dominance of bitcoin going down from the 67% in December is NOT a bad thing. For the crypto market to develop to it's full potential and for it to be free of manipulations, healthy Altcoin competition is a must.
Thank you for your insighful observations. I am new to the crypto scene but have observed some interesting correlations with nature on the bitcoin price dip/corrections. I would be honored if you take a look at my blog and provide your expert opinion. Thanks
Regards,
@vm2904
Great post
Dominance would be relative until good currencies hits main stream.
I am so glad this happened in 2017 and right before the new year. As of now it is hanging somewhat around 16k which is a nice price to stick on.
-Amazon has already bought domains with bitcoin and ethereum names in it.
-Lightening Network seems ready for testing
-Nasdaq planning by mid 2018
-Bank of america coming up with an crypto exchange
-Many future options in 2018 than only CME
Also many countries like Russia, India, China and others are working on some regulations for digital currencies. Excellent things will start to happen in 2018. I guess the rocket will leave the earth's atmosphere in 2018.
Just HODL and hang on to the rollercoaster.
Invest wisely with lots of research. Cheers!!!
Great post
No, it is good thing.
bitcoin is the king
@cryptobobby: I really really don't understand why so few people talk about some glaringly obvious facts of the crypto world.
Bitcoin doesn't have time to fix its massive gaping ridiculous issues.
Dash is technologically superior, was able to upgrade its block capacity without forking and has organization, budget and proven efficacy behind it with real-world use cases.
Ethereum has similar problems to Bitcoin but at least for now has much better transaction fees and times.
As for Steem? Are you kidding me? Steem is already doing everything Bitcoin is still struggling to fork enough to achieve. Instant transaction times, ZERO transaction fees and -- let's not forget -- has achieved 1 MILLION TRANSACTIONS IN 24 HOURS. At 1% CAPACITY.
One. Million. Transactions. In 24 Hours.
That's 100 thousand transactions in 2.4 hours. That's ten thousand transactions in 0.24 hours (aka 14.4 minutes). That's a thousand transactions in 1.44 minutes (1 minute, 26 seconds).
That's 694 transactions per minute. That's approximately 11 transactions per second. At 1% capacity.
Bitcoin by comparison at maximum is, barring the Lightning side-chain solution (which comes with its own centralization issues), be able to do AT BEST 7 transactions per second. That's maximum capacity.
Compare that with Steem doing 11 transactions per second at 1%.
TL;DR - Bitcoin is legacy tech. Other coins are very rapidly overtaking it in capability, practicality and functionality, none more so than Steem.
Great post, now just wait till EOS is released.
I believe investors now wanna diversify their crypto portfolio rather than sticking to bitcoin. hellelujah
All this recent talk of Bitcoin's dominance doesn't indicate anything negative about the continuing rise of Bitcoin.
I think Bitcoin dominance will decrease over time...might try and regain 50% again though
i hope bitcoin increases.
Bitcoin is king in crypto currency.
soon it will boobm again and go beyond 30k $.
@qami
BITCOIN will be unstoppeable - Bill Gates Once upon time.
If bitcoin drops down people will definitely invest in more and because of the most investment it will go up even more
Crypto veteres should see opportunity in this dip
Guys look on market
It is going to crashed
Don't try to buy more alts now
Wait for sometime....
good info
i hope it'll up to 20k
I wouldn't hate that haha
Good Information! Thank you
GAZUA
What the hell is a Bitcoin maximalist and why would one want to be one? Do they believe Xerox is the only printer on the planet too?
its religion to some people.
really sad
It will raise up 20k+
Very informative and very impressive.
I hope it 'll up to 20k
What is the basis for using charts for predicting something like bitcoin?
I am a new steemer. I will visit frequently. I will follow you, too. Have a good day
Yes, Bitcoin has lost Market cap.
One of the reason is the rise of Bitcoin alternatives like Ripple, Litecoin and Dash which has faster transaction times and lower transaction fees.
Like you said it is a Good thing. We have other coins to invest on which will have higher ratios when it scales up.
BTCf8 is hovering around $15.8K now.
llegara a 120 mil el próximo diciembre
Hello colleague @cryptobobby, I hope you feel very well :D. Very good post, I voted for it. I would like to invite you to follow me on my page @emmanuel250998 where I will be uploading every day the latest news about the world of cryptocurrencies. I also invite you to vote for my last post:
https://steemit.com/bitcoin/@emmanuel250998/anonymous-developers-promote-potential-scam-with-segwit2x-mask.
I would very much appreciate your support. A big hug and greetings from Venezuela ;)
Good info .. thanks
Are there resources available such as flow charts or other comparison tables that compare the properties (e.g., transaction times) of the BTC blockchain to those of leading altcoins? What are those incremental changes in the software that you mention among these top cryptocurrencies?
bitcoin will over all the small talk in 2018
It's interesting how Bitcoin can simultaneously be the most useless and most valuable (in dollar terms) cryptocurrency today. Even if the network was functioning perfectly, it has been eclipsed by other projects in terms of speed, privacy and efficiency.
Given how long it's taking 3rd party scaling tools to be integrated and how the Core team is afraid of making major changes, Bitcoin development could stagnate for the foreseeable future.
Mainstream investors need to move on from Bitcoin quickly.
bitcoin crossed the price of $16000 and according to my study it will cross the price of $50,000 in 2018 and the 2018 is the year of crypto currency
so keep investing in it and enjoy the smiling
:)
Good fren
Good read! I mean with BTC prices skyrocketing I think it makes more sense to try cloud mining because of higher returns. https://hashflare.io/r/7487B9DC 10% OFF voucher: HF17PROF5
Even if Litecoin goes up, it's good news for Bitcoin.
Good post👍
Check out my new blog about bitconnect. Would appreciate any support. Upvotes, Resteems, and new followers as im new to steemit and trying to network with other crypto enthusiasts like me.
https://steemit.com/blog/@californiacrypto/bitconnect-journey-blog-4-update-on-whats-going-on-12-27-17
Great job I like your work.
good information, I think in coming future bitcoin is going to rock . kindly if you dont mind also check my blog