I think lots of Alt Coins will fail... Many received huge fundings while BTC was high and started up but there was no fundamental plan.
I honestly don't see anything surpassing Bitcoin for a while. It's the Pioneer and when people who know nothing or something about crypto they associate it with BTC. It's the original and the Cap is 21 million.
With the huge dip that happened.. I mean in a way it was predictable since this has happened literally 4-5 times since 2012. I think the biggest pullback was 90%.
Could we see another big run next year!? Yeah I don't see why not.. I mean depending what country you are mining in..it costs between 8K-20K USD to mine one single BITCOIN...so everyone who is mining now is looking at the future and hoping it will return more in the future.
I think it's going to be a long wait till the top again though.
The one great thing though with the volatility...just how 90 billion can get taken out in a matter of days 90 billion can also get added in days as well!
Keep building up your Steem APOLY!!
That was very insightful. Thanks for sharing your knowledge! I don't know a lot about the subject but that all makes a good amount of sense to me. Hey.. What are your thoughts on WhaleShares? I've been meaning on trying it soon for a while now cause I hear a lot of positive things. Though.. It's tough to consider another social media when I already don't have enough time for all the ones I'm on, heh.