Professional Trader Peter Brandt, claiming that over a five-year, 99% of all other altcoins as nothing more than distant memories in time. The sentiment around the altcoins, it is at the moment, not the best, so the judgment is salt in an open wound. Even now, bitcoin is once again on the rise, to grow, and the altcoins are not directly involved.
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Bitcoin is gold, altcoins are the lead
Peter Brandt suggests, litecoin, ethereum and ripple have new lows to achieve it. He is a firm believer that bitcoin is the only true encryption, is that, in the long-term value will be preserved. “Where bitcoin is gold, one of his altcoins, lead.’
When will the altcoin junkies understand that $BTC is the crypto with real and lasting value. Altcoins are to Bitcoin, what lead is to Gold, @KimDotcom pic.twitter.com/ezePnyeSxg
— Peter Burns (@PeterLBrandt) On September 2, 2019
This is a bold statement from the trader, and he’s got a lot of criticism about it. Especially the fans of litecoin, ethereum, and ripple were defending themselves with tooth and nail.
Both LTC and the ETH zurich have far more going for them than the rest of the junk pile. 99% of other cryptos will be forgotten five years from now.
— Peter Burns (@PeterLBrandt) On September 2, 2019
Almost all of the current altcoins in five years, not impressed
He softened his tweet, then, to some extent, by saying that, litecoin, and ethereum will still have a chance of success, but all of the other altcoins have a ‘junk pile’ that they have. 99% of all other cryptocurrency will be in five years, forget about it.
Earlier this year, we shared a crypto-analyst firm DataLight is a visual representation of one of the top ten cryptocurrency by market cap, and how the top 10 since 2013, has been developed. The video you see below, and it’s definitely worth having a look at. Already a minor spoiler): bitcoin and litecoin are the constants.
Just 10 years ago the first #Bitcoin transaction was sent, and it’s astonishing to see the industry’s growth and how many new assets have gained traction.
In this unique visualization by DataLight, you can track the list of the top 10 crypto-assets by market cap, from computer’s beginning days until today. pic.twitter.com/JIYT3KagwD
— DataLight (@DataLightMe) On April 17, 2019 At The Latest
The list contains some classics-with beautiful names like Peercoin, Namecoin, Feathercoin, Novacoin, Mincoin, Devcoin, Terracoin, and Her Coin. Most of them have never been on these altcoins will be heard, and the video is six years old, but back in the days. Therefore, it is reasonable to assume that Peter is Burning right it can get. When it comes to five years, similar to the graphic to make, it may just be that the other people from does not even appear on the list.
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It is interesting to note that only two of the top ten since the beginning of 2013, top of the list. Most of the coins are from 2013 and are now not even in the top 100 list to find it again, at least not under the names of the 2013. Some of the coins have a total of, with a new name and a new logo.
What do you think? Which coin do you expect that they will have a long-term have to have?