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RE: [NEWS] EOS causing current crypto-crash
@jpmay, in my view, until the bitcoin scalability problem is not solved, the market will not make a new high. Still the cryptomarket depends on the bitcoin.
@jpmay, in my view, until the bitcoin scalability problem is not solved, the market will not make a new high. Still the cryptomarket depends on the bitcoin.
@cryptospa thank you for your comment. I will adress that topic in an extra post since you have a very interesting point there. But don't you think that good and successful projects will help adding more capital to the market as well?
@jpmay, yes definetely! Some good cryptoprojects will bring new money to the cryptomarket. But still most of them are still not mature. Most people are very conservative, so they will wait until they are not sure that they can trust that project. Keep in mind, that even the cryptocurrency penetration rate (adoption rate) in the world is about 0,3-0,5%. So, in my view, when in 2-3 years the cryptomarket is a bit more mature, the correlatioin between the cryptocoins (cryptoassets) will get smaller and smaller. Most cryptocoins will be devidet into different cryptoasset classes. I think bitcoin will be either digital gold, either a mean of exchange.