Bitcoin was the first cryptocurrency and therefore the first one to get hyped to bubble proportions. I feel as though its reign is coming to a close due to its technology being outdated, not to mention the plethora of altcoins that perform the same task while being safer, cheaper and faster.
Agreed, I think LTC, BTS and a few others will take over with their near instant transactions.
This overall market is so do for a correction, Im seeing BTC correctibg to $5000 and ETH to $500 after all these run ups.
patelcrypto
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That is not correct ! Bitcoin is a great mechanism and will not stop ! Markets follow cyclic pattern .... Corrections are healthy ! Bitcoin is nowhere near bubble for now...Coinbase has several thousands of accounts pending approvals !
MysteriousPersian
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@patelcrypto, Boy oh boy patel was that the bitcoin short call of the century or what haha
This overall market is so do for a correction, Im seeing BTC correctibg to $5000 and ETH to $500 after all these run ups.