Like many have said above, ADA and ETH are sure bets. Beyond those there is DOT, VeChain, ChainLink... Polygon etc. DYOR, there are many established projects that will do well over time.

I believe at this point the only justified fear about bitcoin should be the fear of missing out. :-)

Nearly all money laundering happens via fiat currencies... laundering through crypto is a tiny fraction of the total activity world-wide... does this reflect badly on fiat currencies? not really... it might look this way because crypto is so much smaller than it could be in another 10 or 20 years...

These fears around laundering and crypto is analogous to comments about the internet in the mid 1990s, saying that the internet is for criminals and porn only... and now despite criminal activity and porn ever existing on the internet, no one thinks the internet is bad because those things exist.

We will see the same thing happen with crypto, no one is going to be worried about this these in time and this space is going to become as accepted of a part of life as the internet is to our society today.

I'm pretty pessimistic, to be honest. What happened in China dashed most of my hopes that Bitcoin would rally much more this year.

While I can't in good judgement dismiss your feelings, crypto trends have defied all expectations before and a lot CAN change in half a year, not to say that they will.

I suppose time will tell.

Volatility will never end, it will decrease as the total market cap becomes larger and most of the coin is held rather than traded (as is the case so far with bitcoin).

Quote from: Freemind on July 12, 2021, 11:37:01 AM

I think it is a good initiative that Nayib Bukele has taken, but I also think that maybe it has been a bit hasty. The population (most, not all) of El Salvador is not informed or educated about Bitcoin and blockchain, and that should have been the first thing the president should have thought of. My opinion on the Bitcoin Law is positive, but I think El Salvador still has months ahead for this test.

I agree. They are still in adjustment period like a Beta testing to determine the bugs (blind spot, problems) then will fix later on.

El Salvador could be the stepping stone to adopt Bitcoin and improve the weak part during and after implementation.

That's right. This is not a simple or easy undertaking... there will be hurdles, but in time it will provide a blueprint for others to follow.

It is true that the entire ecosystem is driven by price action of bitcoin, however functionally ETH is the platform on top of which are built the majority of use cases for crypto at this time (beyond store of value), and the upcoming changes to ETH could potentially make it a deflationary asset. So all in all I am bullish on ETH and feel that while both BTC and ETH will grow, ETH has more room to the upside.