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What is the next Bitcoin?
Posted on 1/15/21 at 1:12 pm
Posted on 1/15/21 at 1:12 pm
With BC becoming more accepted as a major form of currency you have to think someone will bring forwarded a more accessible alternative.
BC is $35K and is still not easily purchased, granted its a lot better than it was but you have to think someone is going to come out with something else soon.
Or is my understanding of this that far wrong?
BC is $35K and is still not easily purchased, granted its a lot better than it was but you have to think someone is going to come out with something else soon.
Or is my understanding of this that far wrong?
11
Posted on 1/15/21 at 1:13 pm to GREENHEAD22
Chainlink. But you’re too late for the real gains
This post was edited on 1/15/21 at 1:13 pm
Posted on 1/15/21 at 1:15 pm to GREENHEAD22
quote:
My understanding of this is that far wrong!
In all seriousness, go listen to a couple of Preston Pysh bitcopin podcasts. The one with Michael Saylor or the first one. It would give you a base to at least ask actual questions about bitcoin from.
This post was edited on 1/15/21 at 1:17 pm
Posted on 1/15/21 at 1:15 pm to GREENHEAD22
No one in history has called Bitcoin BC
Posted on 1/15/21 at 1:16 pm to GREENHEAD22
quote:
With BC becoming more accepted as a major form of currency
I guess, currently BTC's only major use is that of an investment vehicle.
The blockchain technology it is based on however, looks like it may find uses in many industries. However, not really related to BTC
This post was edited on 1/15/21 at 1:17 pm
Posted on 1/15/21 at 1:17 pm to GREENHEAD22
There is a whole host of other coins that have been made on this whole premise. Specifically Ethereum, who I think touts that it can scale better than bitcoin.
This post was edited on 1/15/21 at 1:18 pm
Posted on 1/15/21 at 1:19 pm to UltimaParadox
quote:
The blockchain technology it is based on however, looks like it may find uses in many industries. However, not really related to BTC
Bitcoin is the only decentralized settlement layer that has any current built up network effect, that I know of. So blockchain technology, will relate to bitcoin; unless that changes. No one is going to store wealth in a coin that is controlled centrally, maybe use it as a transfer vehicle, but not as preservation.
To me the decentralization of btc, and the lack of an attack vector for anyone to stop it, or even a founder, is the beginning and the end of the story. Every other coin has issues there.
This post was edited on 1/15/21 at 1:22 pm
Posted on 1/15/21 at 1:22 pm to Pendulum
quote:
maybe use it as a transfer vehicl
Already underway
quote:
Visa has been a leading provider of commercial card payment solutions and continues to see expanding opportunities in high-value cross-border payments—an area that’s ripe for improvement and innovation. Today, making cross-border corporate payments can be a cumbersome, lengthy and friction-filled process for financial institutions and their corporate clients. Using technology based on blockchain architecture, Visa B2B Connect simplifies this process by sending transactions over Visa’s network from the bank of origin directly to the recipient bank.
Visa B2B Connect
quote:
The currency, called Wells Fargo Digital Cash, will be linked to the U.S. dollar and transferred using the bank’s distributed ledger technology to keep track of payments within its internal network.
Wells Fargo Cryptocurrency for internal transactions
This post was edited on 1/15/21 at 1:27 pm
Posted on 1/15/21 at 1:31 pm to GREENHEAD22
There’s about 1000 shitcoins trying to tell you that they are. Look how many coins from 2017 aren’t even blips on the radar any more. Keep in mind a 10x is still possible for BTC.
Posted on 1/15/21 at 1:33 pm to CE Tiger
Woah now. May not be 6000% gains left but still hoping there is room to run with LINK.
Posted on 1/15/21 at 1:49 pm to jimbeam
I am dabbling in BTC, but I think it has a place because IT IS NOT TIED to the dollar that fluctuates in value DAILY.
Even Gold has been leveraged to the point where many do not actually hold actual gold but rather paper gold and if there were a run on the bank so to speak, everyone not holding actual gold would be SOOL.
BTC has a finite amount (21M) of which we know (3.5Mish) still exist but will NEVER be able to be moved or accessed due to people losing the KEYS early on.
Big institutions are and have been buying it up like crazy, so they have a foot in the game, and because of this I BELIEVE it will be really hard for the Gov to stop it.
Too many of the law makers are in bed with those institutions.
Supply and Demand, I think it will be HUGE down the road.
Even Gold has been leveraged to the point where many do not actually hold actual gold but rather paper gold and if there were a run on the bank so to speak, everyone not holding actual gold would be SOOL.
BTC has a finite amount (21M) of which we know (3.5Mish) still exist but will NEVER be able to be moved or accessed due to people losing the KEYS early on.
Big institutions are and have been buying it up like crazy, so they have a foot in the game, and because of this I BELIEVE it will be really hard for the Gov to stop it.
Too many of the law makers are in bed with those institutions.
Supply and Demand, I think it will be HUGE down the road.
Posted on 1/15/21 at 1:49 pm to GREENHEAD22
Not easily purchased?..Who told you that...go to Coinbase, all you want.
Posted on 1/15/21 at 1:51 pm to GREENHEAD22
HEX
Posted on 1/15/21 at 2:36 pm to GREENHEAD22
Id you mean the next crypto to hit comparable BTC numbers, it's ETH. Their market cap and chart is almost identical to BTC pre 2017 run.
There are several coins that will get hot and be worth swinging but like another poster said, go back and look at the big earners from the previous bull cycles. The 2013 coins are unrecognizable outside of BTC. Several have left since the 2017 cycle.
There are several coins that will get hot and be worth swinging but like another poster said, go back and look at the big earners from the previous bull cycles. The 2013 coins are unrecognizable outside of BTC. Several have left since the 2017 cycle.
Posted on 1/15/21 at 2:49 pm to Pendulum
quote:
me the decentralization of btc, and the lack of an attack vector for anyone to stop it, or even a founder, is the beginning and the end of the story. Every other coin has issues there.
yup
there is no ceo or founders or an unknown supply
it's essentially impossible to replicate the network effects of bitcoin
eth is an entirely different ecosystem/platform. they're more different than they are alike
Posted on 1/15/21 at 4:06 pm to GREENHEAD22
quote:Nothing in existence right now.
What is the next Bitcoin?
There are alt coins that have potential for crazy gains but picking them correctly is a crapshoot. Also, nothing will eclipse BTC's market cap dominance until something else that doesn't exist right now comes along (10+ year horizon).
Posted on 1/15/21 at 4:09 pm to GREENHEAD22
quote:
What is the next Bitcoin?
The next cryptocurrency that comes along and meets the following criteria :
1. Better decentralization
2. Much, much better scalability
3. No direct fees to use the network
4. An actual use case besides "store of value" to kickstart the network effect
Posted on 1/15/21 at 4:12 pm to TigerTatorTots
quote:
nothing will eclipse BTC's market cap dominance until something else that doesn't exist right now comes along (10+ year horizon
I believe it could happen much sooner than 10 years.
Posted on 1/15/21 at 4:14 pm to Douglas Quaid
how can you get more decentralized than no ceo
and I can use the lightning network now for free, instantly, and send you any type of money using the strike app LINK
and I can use the lightning network now for free, instantly, and send you any type of money using the strike app LINK
This post was edited on 1/15/21 at 4:25 pm
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