Topic: Mature market once alts move independent from BTC (Read 133 times)
Market can be said mature when there is more diversified distribution of cryptocurrencies. Right now a small percentage owns the maximum marketcap. This isn't the sign of a healthy market. Also, when coins will utility will start gaining the top 10 positions, market can be said mature. I think we need a regulation over ICO for saving useless creation of tokens and scam projects. More vetter diversification, we will need more adoption. Crypto sphere needs to attract more investors from other investment vehicles.
So Ive been hearing people say that we will know the overall market place has reached a stage of maturity when alternative coins begin to move independent to the price of bitcoin. Is this really the only marker for judging if the market has reached maturity or are there other more important markers? With the interest from big institutions such as Nasdaq, amazon, Goldman Sachs circle investment wings hovering around, would these big players getting involved be a better thing to look out for in judging the over all health of the market? Will alts not always be pegged to bitcoin
When we do talk maturity we wont even know if we are already reaching out that state but rest assured altcoins do really have the potential to stand their own market which means they wont already be dependent on bitcoin itself.We are actually seeing it on ETH and other altcoins which it do gradually built up awareness and considered into other means.Talking about big companies decision or views towards this i would rather believe they would create on their own rather than adopting decentralized stuffs.
alt coins are still immature market need to get stabilized and altcoins like ETH and Neo should grow in value then altcoins can depend on these coins thereafter
So Ive been hearing people say that we will know the overall market place has reached a stage of maturity when alternative coins begin to move independent to the price of bitcoin. Is this really the only marker for judging if the market has reached maturity or are there other more important markers? With the interest from big institutions such as Nasdaq, amazon, Goldman Sachs circle investment wings hovering around, would these big players getting involved be a better thing to look out for in judging the over all health of the market? Will alts not always be pegged to bitcoin
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