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RE: Will bitcoin's fade be good news for altcoins?

in #bitcoin7 years ago

Great analysis @jcrcornel

I think all the forks currently underway with BTC is creating a lot of noise that is taking attention away from altcoins. The total crypto market cap is gradually rising, so money is slowly moving into currencies in general, but I think that people are either buying BTC to try and take advantage of the airdrop of new coins as you reference in your article. I also think the noise is potentially causing some investors to sit on the sidelines to see how things play out. There are a lot of really positive developments occurring in some of the alts I follow, but the news can't get any oxygen as BTC politics is taking it all.

I'm hoping that once the current series of forks is out of the way it might create some space for the focus to return to the good work being done by the development teams in the altcoin world.