Return of the Alt Coins | Alt Coin Hunting
bitcoin·@crypto-daily·
0.000 HBDReturn of the Alt Coins | Alt Coin Hunting
https://youtu.be/19rG2rHsrQQ Quote from Bitcoin reddit: https://www.reddit.com/r/Bitcoin/comments/7bs9wr/so_b2x_signatories_had_more_than_20_millions/ The "wallets" figure was particularly useless. Those wallets were held in trust for users whose opinions they never asked for. This is why BTC is special, unlike alts. There’s no loyalty in alts whatsoever. (I think that’s harsh, there are definitely projects with a lot of loyalty). Altcoiners've been jumping ship from one to others and eventually back to the original blockchain. https://www.reddit.com/r/CryptoCurrency/comments/7bs85u/tfw_the_fork_is_cancelled/ Nothing is stopping it; but it's chances of survival and to make an impact took a serious nosedive. The code is still available, most miners still signal for it, The S2X statement was "suspended", not "permanently closed", The S2X statement hopes the community comes together and raises the blocksize without the S2X agreement in place. I don’t believe core are against a raising of the base block size, but it would firstly need to be required, and secondly need actual consensus. You are messing with people’s money here. One of the most important things regarding Bitcoin is censorship resistance, which it’s proved, time and again. The threat of B2X was arguably the biggest attack Bitcoin has ever had. China ban is up there, Bitcoin Cash is too. It shrugged them both off like it was nothing. Bitcoin is here to stay, like it or love it, any other option would be costly to your wallet. For the future Bitcoin can focus on increasing adoption for SegWit. It’s a slow process but we should expect the majority of wallet providers out there support it at some point next year. Coinbase for example, which currently doesn’t. So, the way I see it we have two scenarios playing out right now. We have the bitcoin dominance falling from 60% to 58%, the alt coin market benefiting immensely from that 2%. We have every day people like you and me probably slightly bummed we aren’t getting some B2X coins, but the alt coin, correction shall we say, is nice to see. On the other side of the game we have institutional money who may have been waiting on the sidelines, why would they wait on the sidelines? Well, when you’ve got a lot of money, you don’t need to take risks. Any fork is somewhat of a risk. As good news as this is, part of me is disappointed that Bitcoin Cash isn’t going to have another Bitcoin fork it has to compete with, because that would’ve been funny to me. One thing to keep in mind is that many people likely had their bitcoins safely locked away in their own private wallets. Paper or hardware. These people may be stuck waiting for transaction times to take it to an exchange to either cash out for fiat or to buy alt coins with. Bitcoin is slow. As people are quick to point out on Eth Trader: https://www.reddit.com/r/ethtrader/comments/7bolu9/today_ethereum_has_processed_50_more_txs_than_btc/ Ethereum is so much better as a currency than Bitcoin. The point is, if the market truly valued these things, for example if speed was the most important, Dash Litecoin Ethereum could be #1. If transaction fees are what people truly cared about, they might use IOTA, or any of the previous coins mentioned. Most people are fine though with a slow bitcoin and can wait for future upgrades to the protocol no problem. Because Bitcoin is not used as a currency by the majority of people. Market recap. Alt Coin Boom? https://www.reddit.com/r/CryptoCurrency/comments/7bmujs/my_portfolio_over_the_last_hour/ You can’t be saying this about Ethereum today: https://www.reddit.com/r/ethtrader/comments/7bmyc8/still_hodling/ I think psychologically it would do a lot for people if Ethereum hit $350. The longer it stayed at $300 the worse I felt it would be. How some have profited from this BTC fork: https://www.reddit.com/r/ethtrader/comments/7bnzhx/how_to_profit_from_btc_newest_fork/ https://i.imgur.com/TfFHDth.jpg https://coinmarketcap.com/currencies/segwit2x/ Look at that for a dive. But it won’t die, some people are still buying them, as the fork might still happen. 3% of the value of an actual Bitcoin for some is a steal. Hahahaha. https://i.redd.it/v7020d954twz.jpg So how can you profit off of this fork? Well if you would’ve bought Vertcoin yesterday then you would have done well. But looking at other projects, let’s have a mozy. Request Network. https://coinmarketcap.com/currencies/request-network/ A decentralized network for payment request. This does have a use case, but people aren’t using that, not yet at least. A lot of coin that doesn’t stake isn’t worth holding long term as Bitcoin will and you will be losing out, unless of course you think the potential gains to outstrip Bitcoin is there. Can this coin kick in the FOMO effect, fear of missing out, or not? If you feel it can, then you buy hoping to sell it for a higher price. It’s not like you’re actually going to be using it, amiright? No Limit Coin: https://coinmarketcap.com/currencies/nolimitcoin/ I’m going to get sidetracked if I talk about this. https://coinmarketcap.com/currencies/rlc/ https://coinmarketcap.com/currencies/0x/ https://coinmarketcap.com/currencies/golem-network-tokens/ https://coinmarketcap.com/currencies/populous/ Eh, where are the gains!? https://coinmarketcap.com/currencies/obsidian/ Risky, but the gains could be there. Be very careful. Private messaging and Masternodes. https://coinmarketcap.com/currencies/modum/#charts Modum, the new Walton? It’s younger cousin maybe. https://coinmarketcap.com/currencies/raiden-network-token/ Few things to understand with this one. They got a lot of bad press. They did no advertising for the ICO, and limited the amount of money they could raise intentionally. Vitalik did not support the fundraising of what is essentially a Ethereum network upgrade. Raiden is currently on a test net, with a very active development team. Many claim the token has no use case, as its current use case is to reward auxulieries that support the Ethereum network using RND, when ether could be used instead. It’s a fair point, but some will argue the opposite: https://medium.com/@cryptovision/in-defense-of-raiden-1a06eae923ee Which is about as good a defense writeup as you will get. Link below. 1/3 of millennials, that’s 18-36 year olds and makes up a vast amount of you watching these videos, are saying they’d prefer to own Bitcoin than stocks. That’s great, until you think 2/3rds of them want to own stocks instead. Thumbnail credit: https://www.reddit.com/r/ethtrader/comments/7bsc3n/meme_return_of_the_alts/ 💙 Those gains. Alt Coins, but still Bitcoin too. 💰 Buy Bitcoin with CoinBase: http://bit.ly/2hZh8bg 🔒 Recommended wallet - Ledger Nano S: http://bit.ly/2xeymFX ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ☄️ Time-stamps! 01:22 Nothing is Stopping the Fork 02:48 Market Recap 06:43 How To Profit From the Bitcoin Fork 07:31 Coin Hunting! 12:00 Raiden Network Token 13:07 Millenials and Bitcoin ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● 🙃 More of me: ◆ Join the Slack Crypto Community: ichatcrypto.com ◆ Steemit: https://steemit.com/@crypto-daily ◆ Twitter: https://twitter.com/Crypto_Daily ◆ Facebook: https://www.facebook.com/thecryptodaily/ ◆ onG Social: https://ong.social/cryptodaily ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ⚡ No donations accepted! But if you would like to support me, please consider sharing this vid. 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