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RE: Stan Larimer on the State of Cryptos Today
The last major bitcoin price correction was particularly confusing for many, because it seemed out of character and other factors kept it from soaring immediately afterwards. Nonetheless, there's still strong support and there's no apparent imminent crash to date.
I agree. I think the weak hands were tested by fire in the last correction. They held through a pretty major drop but it hit a hard buy wall. There is still no shortage of people who are willing to pump fiat into bitcoin for its future gains, and there are still many people who are being introduced to the idea that will put money into it in the future, especially if the current bull market continues for the next couple months.
I agree. Yes, there will be adjustments, and yes, it was particularly confusing. However, I think we'll see that bitcoin will be here for a while. My biggest concern is the very high fees and time lags. That can't continue for long. Very nice to hear from you @hiroyamagishi.
Bitcoin is like a heavy-weight champ but there sure are a lot of challengers.
Hello @Terrybrock, very much enjoyed the video by @Stan, thanks for posting it, I see bitcoin price to fall as the market share decreases, seems bitcoins market share should continue down from 35% lower as owners sell it to buy faster and better coins and spread out the marketplace. It would seem that better coins like EOS and ETH should rise. What are your thoughts?