With bitcoin gaining mainstream adoption and BTC dominance at 62% altcoins are currently sitting with a weak hand as far as i can see.
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To answer my question: We need altcoins to keep the plebs happy
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You probably want to be keeping an eye on TSLA stock because if it breaks resistance the chances that other large cap companies begin accumulating BTC as well rises significantly. And i am kinda concerned for what that will look like considered BTC is such a scarce asset.
So if these large cap companies start "fomoing" into BTC it is going to boost BTC dominance but lets see.
So if these large cap companies start "fomoing" into BTC it is going to boost BTC dominance but lets see.
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of course the market is looking for any excuse to not buy bitcoin. any excuse to pump an altcoin. so if TSLA does break support it might kick off a new altcoin mania. Because if i remember correctly when bitcoin ETF got denied that was what kicked off the altcoin mania in 2017 because the market interpereted it as any coin could still become the top dog.
taproot and schnorr will optimise on.chain transactions as well as improve the economics of smart contracts on bitcoin
lightning network will enable scalable decentralized transactions
this is just off the top of my head. so dare i ask. what do we need altcoinz for?