Market dominance BTC growing.
EOS far ahead of schedule, moving towards new height.
Mining at 11+ Exahashes.
That is the original Bitcoin {BTC}, with SegWit, that is going from breaking through one ceiling after the other. It already bursted through the 7000 USD barrier, going for 7500 next. And my hunch it is going to happen somewhere this weekend. No matter what forking clone gets a cloning fork, the miners support for those is extremely low. Bitcoin {BTC} almost has a 100.000 active miners. Maybe it is too early to call victory for the one and only real Bitcoin. Yet it seems the putsch of the forking clones was something BTC already made it even stronger. No matter what the arguments. The people already seem to have decided what they want to move up and forward. Bitcoin, the one that started it all. Just let the numbers and figures speak for the real deal BTC: 11 Exahashes, 100.000 miners, 7100 USD value and 62% market dominance.
For a part I do am a bit less happy about the price of BTC going towards 7500 USD. For one the bcash clone still has way too much fake value and currently there is a value flow from a lot of Alts towards Bitcoin. Already I had sold my DASH and Zcash {ZEC}, as I no long have a connection with those. Narrowing my long-term portfolio to BTC, LTC and VTC, yes, all SegWit. To me they are the Gold, Silver and Bronze of cryptos. The news about EOS getting far ahead of schedule did make me smile as that one is in the green again for me. Furthermore I use DOGE, mainly for day to day usage, as it is relatively quite stable and it is extremely cheap for transactions. So, there is another laugh I have at bcash. They do not seem to understand the concept of cheap and peoples crypto. If there is one widely supported crypto to prove it is, than that one is actually DOGE. And DOGE actually is a real fork, with its own genesis block and unique blockchain.
Vertcoin and Litecoin.
Yes, it is a minor setback. Mainly due to the Bitcoin hype going on. Still my total portfolio is at a huge gain. What a ROI {Return On Investment}, I find it hard to believe sometimes. Had that gut feeling about Litecoin {LTC} when it was even below 4 USD. Later ignored that feeling for Vertcoin {VTC} when it was still sub 1 USD in value, but when I saw it get to 1.30 USD decided it was about time to get in. With some reserve, because the developers still have to deliver stealth transactions again. Yet, it has its own unique algo Lyra2REv2 and it is fast. And with all those forking clones that are cloning forks of Bitcoin {BTC}, it makes Litecoin and Vertcoin with their 84 million very rare cryptos. And for miners Vertcoin gives them still 50 VTC for every block found. Now they must have been smiling all along lately.
DOGEcoin needs no account.
Just like Vertcoin, Litecoin, Bitcoin and a lot of other cryptos out there. That was part of the original idea behind BTC. No need for a bank account. There are countries where this is a real big deal for people that are not allowed to have a banking account, or cannot even get one, no matter what. Now imagine a cheap and fast crypto like DOGEcoin. Mobile phones are almost anywhere these days. For many it is easier to get a smartphone than a banking account. So, that makes cryptos like DOGEcoin a solution for the many. Being their own crypto bank. No need to have an account. That too is something that I started to appreciate about Cryptos. And I expect some innovations due to the developement of Sidechains for SegWit supporting ones. Again, no account needed registering on those blockchains.
The Alts will rise again.
With Alts being sold for Bitcoin means the prices for the crypto bronze Vertcoin and silver Litecoin will go down a bit. And they are not the only ones currently. Partly due to the cloning forks of the forking clones effect, where more BTC means more free forking clones to sell and buy real cryptos with again. Opportunity calls right now, but I start to doubt if the impact will even be a small percentage of bcash in value. Maybe DOGE will prove itself to be a better investement than any of those forking clones that might come. So I will HODL some of DOGE, VTC, LTC and of course BTC. Because I expect great things to happen for Vertcoin and Litecoin when the whole game of clones is left behind and the cryptos realm moves on to some serious Sidechaining business developements...
And hey, let's be carefull out there. Because your speculation might be as bad or as good as mine. So only invest in cryptos what you are willing and able to use...
Have a great one!
Next ceiling of 10.000 USD per BTC, coming right up!
Image CC0 licensed by Michael Wuensch.
Edit-1: some text corrections.