Interesting and valid points.
Just wanted to share my personal perspective and I believe it should correlate or even be identical to many seanoned crypto and bitcoin bugs.Althoug I in no way consider myself as such.
So,I only look what is bitcoin price of any coin and any other talk is irrational and pointless.Alt Coins are being traded in pairs with bitcoin and that's what you see when look at the chart.
Nobs buy and sell following fiat -smart ones bitcoin price.
fair enough and to each his own agree to disagree. but theres a member invested in MGO like myself whom I really respect his choices and his analyses...and he measures in fiat xD
and I think I'm big if I throw 30 BTC into a project, this guy put like 500 BTC worth into MGO...and his past choices got him to the point where he COULD put that much into one crowdfund, but just saying...he
never measures in BTC price and no one could call him a noob seriously without laughing.
The dude is on point both from a real world fundamental viewpoint AND understanding the cryptosphere.
Again, to each his own I suppose but in my (merely a member!) experience since I got into ETH around 7 bucks is that measuring in fiat has done me quite fine! and apparently that method of logic is making other people MILLIONS daily so good on everyone who makes value measuring paired to BTC, good on everyone who uses fiat.
Cheers!
Thanks for your input!
Perhaps the time is approaching when more and more investors will be thinking in terms of fiat as more and more new people coming into the space who are not attached to Bitcoin so emotionally as to fiat.
Only hard-core bitcoiners who believe in long term Bitcoin price growth still will be measuring alts in BTC as the only reason they get into alts is to accumulate more Bitcoin.
Over the time we should see less and less volatility in alts and less parabolic moves in alt/btc pairs, assuming Bitcoin will continue to grow in price .In other words-diminishing gains and non violent charts in terms of Bitcoin and growing volatility in terms of fiat.Every shitcoin will be capable of reaching $1 and projects with strong fundamentals as WeTrust $10(just arbitrary numbers to support the case ).But that doesn't mean biger gains rather inflation as average ICO fiat price will continue to go up regardless of number of ICO participants.
Hope that makes sense-just trying to understand this matrix.
Ps I stick to bitcoin though