You are viewing a single comment's thread from:

RE: The Bitcoin Illusion is Falling: The Truth of BTC Legacy is Coming Out

in #cryptocurrency7 years ago

Many Crypto Newbies need to know the truth about the Legacy Bitcoin or they'll get burned or very disappointed when they look at their yearly returns compared to the rest of Crypto market. @craigmason no one wants to see Bitcoin crash and burn b/c its terrible for whole market until the ratio drops under to at least 20%. I am just hoping that the market slowly transitions away from it into other more useful Crypto. So far that's what's been happening. I wrote an article about it a few weeks ago when the dominance was above 60%. It usually pays off to be slightly contrarian, when the crowd is the other way. Here's the article: https://steemit.com/cryptocurrency/@hedge-x/smart-money-is-moving-into-alt-coins-2018-will-be-a-massive-year-for-scalable-useful-crypto-projects-mass-adoption-is-here

Sort:  

Good point. I'm certainly not selling all my bitcoin for now...but due to its poor performance, it's becoming a smaller portion of my holdings.