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RE: Attractive Bitcoin Opportunity Over Altcoins

in #bitcoin7 years ago

Bitcoin has been growing very very slowly all day. I'm really excited about ETH, pretty much all my good gains have come from this coin... and I really like the team and the concept.

What do you think the market dominance of Bitcoin will be in the next year or two? I think it might always be the leader, but I imagine eventually it might only be 25% or so.

I'm really excited to invest long-term in Steem... I would love to see where it can go... it's a great use of the blockchain in my mind.

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It's tough to say. There is a LOT of worthless and overvalued altcoins right now, so I don't see Bitcoin's dominance going that low in long-term. However, the market share of 'winners' in the space will naturally increase in long-term so don't think it'll ever go back to 80%+ (unless we experience a massive and long-term bear market, where people's confidences in altcoins tend to diminish).

Haha, thank you for your reply... so we're in agreement then... BTC's dominance will definitely fall somewhere between 25% and 80% in the next few years.

I think everyone should have expected the market to fall over the holiday season... no traders would keep their money in a volatile market while they weren't keeping an eye on it. I'm just going to cease any trading efforts, hold everything and buy in with any Christmas-gift money, totally ready for the January bounce back.

Love your videos.. I'm super excited you're producing daily content.