The cryptocurrency market cap touch the $200 billion mark

BillyBobZorton

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Quote from: valmon on November 03, 2017, 11:38:41 AM

Quote from: BillyBobZorton on November 03, 2017, 09:55:49 AM

Quote from: valmon on November 03, 2017, 09:31:14 AM

The cryptocurrency market cap achieved another historic milestone on Friday, touching the $200 billion mark for the first time in its history.

Ethereum price floats back to $300. How do you see Altcouns market development in the the nearest future?

Most altcoins will keep crashing since there's no point in holding them when bitcoin is making all time highs daily. Maybe Ethereum can deliver higher highs due the proof of work to proof of stake change, but I dont like Ethereum at the long term at all. I think it will peak and stagnate. Bitcoin will continue growing. Next year we will start having the first lightning networks and sidechains and it will be the best year of Bitcoin ever. Altcoins will struggle to justify their presence in the field.

It is interesting a point of view! why you don´t like Ethereum? and what peak is for Ethereum (price in bitcoin).
Any way for example Litecoin , Stellar grow up in this difficult conditions

I don't like Ethereum for many reasons, the main ones being the most obvious ones:

1) It started as an ICO, with one of the worst distributions i've seen. Early devs got 80% of the supply, absolutely retarded.
2) The way they dealt with the DAO, forcing a hardfork that was very controversial. Vitalik crying to exchanges to stop all trades was a clown car crash

These 2 alone don't make it a long term hold for me. Im not saying it couldn't go to $1000 tho.

Tszunami98

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Quote from: BillyBobZorton on November 03, 2017, 09:55:49 AM

Quote from: valmon on November 03, 2017, 09:31:14 AM

The cryptocurrency market cap achieved another historic milestone on Friday, touching the $200 billion mark for the first time in its history.

Ethereum price floats back to $300. How do you see Altcouns market development in the the nearest future?

Most altcoins will keep crashing since there's no point in holding them when bitcoin is making all time highs daily. Maybe Ethereum can deliver higher highs due the proof of work to proof of stake change, but I dont like Ethereum at the long term at all. I think it will peak and stagnate. Bitcoin will continue growing. Next year we will start having the first lightning networks and sidechains and it will be the best year of Bitcoin ever. Altcoins will struggle to justify their presence in the field.

Depends on the altcoins, also...the market is very speculative and i dont think they will go anywhere soon. Most of the people just throw their money on scam projects like Bitconect or useless coins with no future. In the case of Ethereum i must agree that there wont be a lot of development ( price wise ), but i think they will get some more attention with PoS getting into place.

mostkey

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for some reason, after the bitcoin price went crazy, altcoin prices were the opposite.
is the development cycle like this? or is there any other reason to explain the current intense problem, whether or not this has to happen to altcoin, it seems that there will be some who have a high loss rate due to the drop of altcoin

pikebu

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Quote from: valmon on November 03, 2017, 09:31:14 AM

The cryptocurrency market cap achieved another historic milestone on Friday, touching the $200 billion mark for the first time in its history.
Ethereum price floats back to $300. How do you see Altcouns market development in the the nearest future?

I think the market development in the nearest future is down trend because today bitcoin's price is on up trend
still looking for resistance area (sideaway), if the bitcoin's price start stable the alternative coins price will be goes up
in my personal mind will be better to hold in the bitcoin than in alternative coins, i will wait until the price be stable
then start investment in the alternative coins, it is just my personal opinions i don't recommend to other due to high risk losing.

jerrison

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The crypto currency market has in no doubt been upgraded to because of the market price of nig coin and how it affects the other coins known as the alt coins

valmon

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Quote from: BrewMaster on November 03, 2017, 10:08:41 AM

with ethereum getting dumped hard in the past few weeks the total market cap has taken a big hit because the biggest market cap because of the biggest supplies belongs to ETH and when it loses price the market cap goes down a lot.

although the total market cap because of these altcoins is meaningless but the rise is completely owed to bitcoin rise.

how rise of Altcoins owed to bitcoin rise, I don ´t understand this point clear

DeathAngel

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Most altcoin’s are useless & used as a way to increase people’s holdings in bitcoin. You can make lots of money through them but you’re just as likely to lose money too.

Vohoanghiep

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Probably because Bitcoin is so big and its shadow has obscured the sky so now we have not seen the development of other altcoins even though it has great potential. Bitcoin is something so big and big that nothing will replace it like the dollar. So maybe it will disappear for the next generations to develop

pearlmen

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Quote from: valmon on November 03, 2017, 09:31:14 AM

The cryptocurrency market cap achieved another historic milestone on Friday, touching the $200 billion mark for the first time in its history.

Ethereum price floats back to $300. How do you see Altcouns market development in the the nearest future?

Every point that is being reached in bitcoin will continue to be a lankmark achievement and milestone because it has not been reached before so nothing special about it being historic. There is no point why 200billion will not be reached because the price is on the increase everyday and the moment the price of bitcoin touched say $10000 the market price will touch another "milestone".

valmon

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Quote from: BillyBobZorton on November 03, 2017, 09:55:49 AM

Quote from: valmon on November 03, 2017, 09:31:14 AM

The cryptocurrency market cap achieved another historic milestone on Friday, touching the $200 billion mark for the first time in its history.

Ethereum price floats back to $300. How do you see Altcouns market development in the the nearest future?

Most altcoins will keep crashing since there's no point in holding them when bitcoin is making all time highs daily. Maybe Ethereum can deliver higher highs due the proof of work to proof of stake change, but I dont like Ethereum at the long term at all. I think it will peak and stagnate. Bitcoin will continue growing. Next year we will start having the first lightning networks and sidechains and it will be the best year of Bitcoin ever. Altcoins will struggle to justify their presence in the field.

It is interesting a point of view! why you don´t like Ethereum? and what peak is for Ethereum (price in bitcoin).
Any way for example Litecoin , Stellar grow up in this difficult conditions

stompix

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Blackjack.fun

Market cap was and is irrelevant.

During the last crash in a matter of days 40 billions where evaporated.
Of course it wasn't the case of people cashing 40 billions probably not even 400 millions but we all love huge numbers.
With 10 000 btc you can erase x10 more from the crypto market cap, and with a shitcoin that you pump your own 99% premine you can double it.

What matter is the price and usage.
Price id doing great, when it comes to usage we have lots of problems.

Lucius

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It is very impressive to see such figures,and for this is most deserving BTC with 121+ billion $ in this moment.Except Ethereum(28+ billion $),Bitcoin Cash(11 billion $) and Ripple(8+ billion $) all other coins have less then 30 billion $ market cap.This is just one of the indicators of how BTC is superior versus other currencies in every way.What I'm waiting for is a day when market cap will reach one trillion dollars,it is not far away-just 5 times current amount

gogy098

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congratulation,...

BrewMaster

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There is trouble abrewing

with ethereum getting dumped hard in the past few weeks the total market cap has taken a big hit because the biggest market cap because of the biggest supplies belongs to ETH and when it loses price the market cap goes down a lot.

although the total market cap because of these altcoins is meaningless but the rise is completely owed to bitcoin rise.

paolo099

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ye, at this point with BTC so high i don't see the point in altcoins other than diversification (aka, selling them to buy BTC).
Altcoins were ok at start but for now does it worth to buy/hold?

BillyBobZorton

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Quote from: valmon on November 03, 2017, 09:31:14 AM

The cryptocurrency market cap achieved another historic milestone on Friday, touching the $200 billion mark for the first time in its history.

Ethereum price floats back to $300. How do you see Altcouns market development in the the nearest future?

Most altcoins will keep crashing since there's no point in holding them when bitcoin is making all time highs daily. Maybe Ethereum can deliver higher highs due the proof of work to proof of stake change, but I dont like Ethereum at the long term at all. I think it will peak and stagnate. Bitcoin will continue growing. Next year we will start having the first lightning networks and sidechains and it will be the best year of Bitcoin ever. Altcoins will struggle to justify their presence in the field.

valmon

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The cryptocurrency market cap achieved another historic milestone on Friday, touching the $200 billion mark for the first time in its history.

Ethereum price floats back to $300. How do you see Altcouns market development in the the nearest future?

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