Yet another good analysis ... A quick question for you.
How do you feel about the current FUD. Any hope for btc?
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Yet another good analysis ... A quick question for you.
How do you feel about the current FUD. Any hope for btc?
The FUD is by design in my opinion, orchestrated by the banksters and shows how they are threatened. If it wasnt a threat to them, they would not even mention cryptocurrency.
BTC, I am optimistic on simply because of the name recognition and a "store of value". Plus, when things turn, it has the liquidity that Wall Street likes to get into.
Long term, a case could be made that other blockchains will pass it in terms of utility (steem being one of them in my view). However, there is a ton of development going on with Bitcoin so it will be a blockchain that is used.
How that all ties into pricing, well the market is its own animal...and does things regardless of what is taking place.
My suggestion is to watch the development on any blockchain...that is where the action is. A blockchain with lots of development is most likely going to have value down the road....one that doesnt, well that is either a scam coin or one that has good intentions, just will fail.