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11792412 No.11792412 [Reply] [Original]

Crypto is not dead. You want to know what's dead? BitConnect. Beryl. EarthCoin. And good riddance to all of them.

What does Bitcoin bring to the table? A decentralized blockchain network and media hype. That's about it. It's way too volatile to use as a substitute for coin of the realm. It was the first successful cryptocoin, but like Moses, it's not destined to reach crypto's Promised Land.

XRP (formerly Ripple) could serve as a workable alternative to fiat currency, and is already used as such in Japan. XRP could also find support in Venezuela, where the price for a cup of coffee in bolivars has quadrupled over the past three months as Venezuela's economy continues its freefall. You won't get rich investing in XRP, but it's stable enough that it's now displaced Ethereum as the #2 cryptocurrency worldwide.

There's also Dash and Monero to consider for privacy and anonymity, Qtum and Chainlink for their sheer technological edge, and so on. As always, do your homework.

Hype can always drive up the price of a cryptocoin (as it did with Bitcoin), but for long-term investment and real profits down the line like we saw with Bitcoin's zenith, you have to consider the following factors for any given cryptocurrency:

(1) Technology
(2) Complexity of the market issue it's trying to resolve
(3) Compatibility with other blockchain applications
(4) Maximum circulating supply
(5) Transfer speed
(6) Transfer fee

Crypto is not dead. It is still a toddler. But it's time for crypto to lose its first tooth.

>> No.11792421

>>11792412
>Imagine writing a long form blog for altcoins

>> No.11792432

>>11792412
>It's way too volatile to use
wait for it to go to $1mil a coin the volatility will seem nonexistent. larger market cap more stability.

>> No.11792439
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11792439

>>11792412
Pajeet is really going all out today

>> No.11792582

>>11792432
>$1mil a coin
Never going to happen. You're looking at a $21 trillion market cap for Bitcoin alone. Total amount of fiat currency worldwide is "only" around $93 trillion. Economies would disintegrate into dust if Bitcoin ever reached $1M per.