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[Josemendez]

According to hodl.com , The CEO of business intelligence firm MicroStrategy, Micheal saylor in an interview on what Bitcoin Did podcast, said that investors in crypto assets like Ethereum and XRP should support Bitcoin instead of viewing the crypto market as a battlefield.
Also that altcoin investors should rethink their strategy if they want the crypto market to reach its full potential.
What is your take on this view ?

 

[Niftyicon]

What he has said is the truth. In fact, he expressed himself like a true business man. If a strategy is not working, then you think up and apply another one.

 

[Josemendez]

What he has said is the truth. In fact, he expressed himself like a true business man. If a strategy is not working, then you think up and apply another one.

Well , I think that he said so out of love for Bitcoin . There is no way one is going to put all his egg in one basket . I think diversity is desirable for a successful growth

 

[Niftyicon]

Well , I think that he said so out of love for Bitcoin . There is no way one is going to put all his egg in one basket . I think diversity is desirable for a successful growth

Well, you are right, and he is also right. I a sure there is absolutely nothing wrong in diversification in investments but you can dwell more on the one that is sure to yield more gains.

 

[gammarays]

I think they should work hand in hand to tag along with Bitcoin. The recent price surge of Bitcoin should have an impact on them too. The crypto market is not for undue competition.

 

[Brain]

Any thing that needs to work perfectly must have a good workable strategy put in place so he isn't wrong at all.let the strategy be tried to see how functional it can be.

 

[George10640]

I totally I agree with you as in when bitcoin gains value those other growing coin will eventually grow too.Xrp as been my coin to invest after I have settled some with the king that is bitcoin. Despite xrp not having much in the circulating market compared to bitcoin, it is worth it investing in it.In future xrp will gain its value. People projections with bitcoin is high so do as xrp.

 

[Brain]

Well, with the lawsuit hanging on the neck of the ripple now I don't think it will still be wise to invest in them. Unless one is willing to just buy and hold for a while now

 

[Farhanaslam007]

According to hodl.com , The CEO of business intelligence firm MicroStrategy, Micheal saylor in an interview on what Bitcoin Did podcast, said that investors in crypto assets like Ethereum and XRP should support Bitcoin instead of viewing the crypto market as a battlefield.
Also that altcoin investors should rethink their strategy if they want the crypto market to reach its full potential.
What is your take on this view ?

He is right in saying that people who invest in other cryptocurrencies should increase Bitcoin as much as possible. Doing so will only increase the importance of the cryptocurrency. If I am an investor in cryptocurrency then all cryptocurrency should be of equal importance to me.

 

[Josemendez]

He is right in saying that people who invest in other cryptocurrencies should increase Bitcoin as much as possible. Doing so will only increase the importance of the cryptocurrency. If I am an investor in cryptocurrency then all cryptocurrency should be of equal importance to me.

I have came to accept his prediction considering the present bullish run of altcoins like litecoin , bitcoin cash , ADA , And many other coins .

 

[BullyMaguire]

I agree not just those coins but there's a lot of Cryptocurrency that needs a new strategy like tron for example. There's been a lot of people that lose their faith on the coin because it's been stagnant for a while.

 

[achawaskey]

All are cryptocurrency and a choice for you to select which one to invest in, what happen a round XRP and ethereum does really affect bitcoin rather bitcoin control them in term of market value and shares.

 

[Josemendez]

Unfortunately , for him ethereum has made his prediction a mess because currently it is having a bullish run . We need to be patient with some coins .

 

[fastmoney1]

What he has said is the truth. In fact, he expressed himself like a true business man. If a strategy is not working, then you think up and apply another one.

In this era of technologies and great advances, strategies have to be periodically reviewed and if it is necessary to make changes to improve the operation, they must be made to continue in the competition of the cryptographic world.

 

[Niftyicon]

In this era of technologies and great advances, strategies have to be periodically reviewed and if it is necessary to make changes to improve the operation, they must be made to continue in the competition of the cryptographic world.

You are right. Smarter ideas with newer technologies are taking over now and one cannot decide to keep doing things the way they were done decades ago and expect good outcomes.

 

[LutherKing]

people are supporting alt-coins more than bitcoin now , there is more potential in alt-coins for people newly invested in cryptocurrency and this investment has raised the interest of cryptocurrencies vs bitcoin , which is going to stay , people are looking to find low priced coins to have a feast

 

[Wisdom01]

I think cardano have strong supporters and it would be better and good, if they can share their support to bitcoin too , i just wish they did

 

[LutherKing]

Yes bitcoin is trying to break 50k+ which it just did and to be honest it will take 15+ days to recovery to reach its previous highest value of 58k and is surely going to be stronger than that once it does

 

[microunit]

Bitcoin is really being pressured by altcoins though, as people are opting to altcoins with lower transaction fees, and ethereum is already at half the market cap of bitcoin

 

[fiery phoenix]

Well, you are right, and he is also right. I a sure there is absolutely nothing wrong in diversification in investments but you can dwell more on the one that is sure to yield more gains.

You are right,but not all investors are able to invest in bitcoin considering the the large sums of capital needed to do so and also considering its volatility.Thats why some investors opt for small altcoins and ethereum because of their small capital.So its not about dwelling on high yield assets but you also put the amount of your capital into consideration