Quote:
Originally Posted by adultwebmestar
today I will sell some alts and buy btc. 60% market cap dominance was a joke but 33% too. I smell easy 50% profit minimum
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Honestly man, I can't say I recommend that. Bitcoin is starting to look like a tech demo compared to some of the cool shit these alt-coins are coming up with. Coupled with the TX fees and lightning network being a complete uncertainty, there's a damn good chance BTC has peaked. I would keep most of my money in alts--indeed, with the bit of crypto that I have left, I'm planning to re-diversify into alts and avoid BTC altogether.
Consider that the TX fee correlates strongly with price--if you see 50% price increase, you can expect a similar increase with TX fees. The insane TX fees are already pushing people away...what's gonna happen if they double?
It seems to me that TX fees are placing an unintended natural cap on what the price can be.