We are in the cleansing phase of crypto – where the alts that should never have had high value are steadily bleeding out. This cleansing is a necessary step to enable the next step up for Bitcoin.

In the past 30 days, Bitcoin is up 7.2% and only 5 coins have performed better than Bitcoin in fiat value change. And of those, only Litecoin has a market cap that puts in among the major coins. All other coins have lost value compared to Bitcoin. During this same time that Bitcoin is +7%, Bcash is -20%, for example.


This phase is a healthy and necessary and welcome cleansing of the market. When it completes, Bitcoin will take its next leg up in value to new ATH.

submitted by /u/bitcoince
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Bitcoin – The Currency of the Internet

We are witnessing the emergence of BTC (Core) as the de facto standard brand, against which all new coins will always be compared and considered alts.

The message should be loud and clear to people wanting to fork off the mainline of BTC – you don't control the situation no matter who you are, and your newly-minted coin is going to be considered the weaker, junior alt.

If those wishing to fork for whatever reasons were truly smart they would figure out how to help core implement things that will allow them to have profitable side businesses, rather than polluting the ecosystem with more silly altcoins.


submitted by /u/BenjyBunny
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