Bitcoin [BTC]'s Price Crash to $6,000 Influenced By One ...

Adoption is not the roadblock, it's the finish line

I just finished watching the latest video on Youtube posted by Crypto Investor here
He's so salty, and that's probably why I love his vids so much. In this addition he says the RaiBlocks pump is a massive pump and dump and has purely come from people talking, and from the Binance vote. He says the pump has nothing to do with the belief that tech beyond the blockchain could revolutionize crypto.
Let me quickly say that people talk about, and shill, different coins all the time. Also, Binance has a monthly coin every month, that's why it's monthly. These coins don't all go 150x in the month leading up to the Binance vote. The reason for the pump is because people want a coin that solves the scalability issue. Who knows if RaiBlocks does. That's not important. In fact let's assume RaiBlocks has unfixable bugs once it hits a certain volume and the whole thing dumps. It doesn't matter.
Crypto Investor's main point in the whole video is this: 'The biggest roadblock standing in the way of cryptocurrencies is not, I repeat, is NOT SCALABILITY. The biggest roadblock is adoption.' On its face, this argument seems valid, adoption is vastly more important, and we can all see how fast tech is improving, scalability is going to be solved. He's right about all that.
But saying that Adoption is the roadblock, and that scalability isn't? That's like being in a race and saying 'The reason I can't seem to finish this race has nothing to do with my legs being too weak, and nothing to do with my lungs being out of shape, the problem is that I haven't crossed the finish line.'
Adoption is the END GOAL. There are roadblocks in the way. The first big road block was the double spend problem - Satoshi solved this problem. Once that was solved, Bitcoin got more and more popular and adoption increased. Year over year the number of retailers accepting Bitcoin just kept growing and there was nothing anyone seemed capable of doing to stop it.
Then the popularity grew to a point where fees and wait times prevented further adoption. NEW ROADBLOCK. We saw more and more companies like Steam stop accepting Bitcoin. Not because they didn't want to accept crypto currency, but because fees and wait times were ridiculous.
The bells and whistles of smart contracts, fungibility, and whatever else are great, but they do not remove the biggest road block, scalability.
He goes on to say that Steem and Bitshare are super fast, so if speed was the issue, people would just only use those. It's as if Crypto Investor is completely ignoring the fact that Scalability isn't just about speed, it's about speed+fees. If increased adoption=increased fees + increased wait times..... then that will prevent adoption.
So ya, adoption is far more important than solving scalability, the same way crossing the finish line in a race is more important than preparing and getting in shape. Just don't pretend like the finish line is the roadblock.
If RaiBlocks as actually capable of handling 10 million transactions/day free of fees and miners... then there's no question this is not a pump and dump. If the coin fails, as have many others when they get to popular, then ya, it will probably dump.
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BTG is in top 10 in CoinMarket Cap! Here is why it should be in the top 5.

How I see the top 10 currencies on

1 Bitcoin is the number one cryptocurrency, with all the hype and all the press. I do not see any coin overtaking it in the near future. Probably never.

A) Bitcoin Gold allows for GPU mining on people’s home computers and it is ASIC resistant, which makes for a more decentralized coin. (One of the founding principles of bitcoin, which has fallen by the wayside with Chinese asic (such as BITMAIN) controlling most of the mining market and allowing it to pull all sorts of shenanigans. B) Bitcoin transactions have become slooooooooow! (Bitcoin GOLD is much faster) C) Bitcoin transactions are PRICEY! You can't even send someone $10 worth of bitcoin because the fees would eat the entire transaction. This is why STEAM dropped bitcoin. The fees have become ridiculously high (see miners controlling the market above as to reasons for this) Bitcoin Gold has lower fees. D) The network for bitcoin can be VERY unstable. Whenever Bitmain wants to move the miners over to it's own fraud coin, bitcoin cash, they slow the market and delay transactions. This should be seen for what it is: an ATTACK on bitcoin. With all that said, bitcoin still carries on and the price continues to climb! It remains #1 in marketcap.

2 in marketcap is Etherium. People love to remind you that Microsoft is backing Etherium. Yeah, but guess what. Etherium's network is an absolute mess!!

Hundreds of millions of coins have been lost because of a "bug". WOW. The 44billion dollar Ether network was brought to its knees by Crypto Kittie, a digital cat child’s app that uses Etherium contracts to trade digital pussies. Etherium shouldn't be number 2. Not until they can create a stable network. Who knows what will bring it down next? Digital dogs?

3 Bitcoin Cash. This currency is a fraud. It merely exists to allow Bitmain to use asic boost, to give it an advantage mining coins. Once Segwit went into place on bitcoin they could no longer use asic boost and lost their advantage so they forked bitcoin for greed. They tried to take a bunch of miners with them and force everyone who wants to buy an antminer to pay for them in Bitcoin Cash, driving up BCC and trying to take down BTC. This is a fraud currency and everyone should ignore it, and let it die on the side of the road like the diseased rodent it is.

4 Litecoin This is a great coin. It is more stable than every coin above it. The network is reliable and the transactions are fast. As if that were not enough, the fees are ridiculously low. So low that they have attracted STEAM, who just dropped bitcoin, to allow people to purchase on their store with Litecoin.

This should be the number 2 coin, in my opinion. (only because nothing is going to dethrone Bitcoin.)

5 Ripple If you have ever invested in ripple, and thought the price was going to go up and was surprised how it suddenly came crashing down, well you are not imagining things and you are not alone. The price on this coin is manipulated.

Don’t be me wrong, Ripple is a useful coin with good tech behind it. Fast transactions, good scalability and low fees, but this coin is used by banks to transfer fund between them. They do not want to the value to go up because that would make the fees larger. This “global “token is mainly traded on Korean exchanges. This coin was not designed to be a holder of value, so if you are looking to invest, I would stay away from Ripple. Anything over 25 cents is risking a sudden plunge. I’m amazed to see it at 36 cents.

6 IOTA - I love IOTA. What a great coin with a great team behind it. The network (Tangle) is very advanced and they love to brag about how they are an improvement over bitcoin. The people involved in IOTA tend to be very passionate and haters of blockchain.

The problem? Well, their wallets don’t even work! You can buy it on Binance, but you can’t even withdraw it because they have so many problems trying to get a wallet to be stable. For a coin that suddenly shot up to $5 (I rode a lot of that up and jumped out) on the news that they were working with Samsung, Microsoft and others on an information sharing network, I would think they could get their transaction network up and running so people can keep coins reliably in their wallets and get them off exchanges.

7 DASH One of a kind. The network funds itself. Unheard of. It’d decentralized with Masternodes that vote on how to spend the budget. (masternodes controlling the future don’t sound decentralized to me, but I digress) They claim instant transactions and privatesend (wasn’t this darksend?) This used to be XCoin in Jan 2014. 10 days later the core dev team changed the name to Darkcoin. Later they changed the name to DASH (not to be confused with Dashcoin, which is exactly what many people do… get confused.)

Some people would say there is a dark side to Dash coin, but to each their own.

8 NEM My first question is if the currency is called NEM, why is the symbol XEM??? NEM codes its own blockchain making it efficient and stable. If you hold 10,000 XEM, you can harvest(?) which incentivizes people to hold, which will inflate the price. (HODLING is the main reason bitcoin goes up in price. If everyone were day trading it can you imagine the volatility? When you limit the supply and there is still a high demand the price must go up. Simple as that.) NEM (or XEM) is not discussed very much and is not widely known. This is odd considering its high market cap (top 10 baby) and its solid tech. NEM (like bitcoin gold) needs some good marketing.

#9 Monero This is a PRIVATE COIN, untraceable currency. This coin has a purpose, and that purpose is protecting the privacy of the users of it. You can send and receive Monero without knowing who you sent or received coin from. This coin will increase in value as demand for privacy will only continue to increase and this is the world’s number one privacy coin (sorry dash). Some people may have ethical reasons to not want to invest in a coin that may be used for all manner of shady dealings online. That’s up to you to decide. Are you against fiat cash? For the most part cash is untraceable too, and people use it for all sorts of shady things, but people also use it for plenty of good things.

10 Bitcoin Gold Finally a version of bitcoin I can mine on my computer at home! YEAH!!! Bitcoin is SUPPOSED to be decentralized, and this is the ONLY flavor of bitcoin that lives up to that. It’s the same block interval and block size as bitcoin, but it updates difficulty on every block and prevents ASIC’s by using POW Equihash so people can mine on GPU’s at home.

As I mentioned above, Bitcoin Gold has faster transfers with lower fees and the network is not able to be manipulated by companies such as Bitmain, because large ASIC farms have no control over this network. Some mysterious forces (I wonder who?) attacked Bitcoin Gold when it first launched, with DDOS attacks and faking wallets. Despite the rough start, bitcoin gold has been widely accepted at 25 exchanges including Bittrex, HitBTC, Bitfinex, Binance and Yobit! It has even found a home in hardware wallets like Trezor and Ledger. You can use Coinomi on your phone too. <----- Check Out Trezor Hardware Wallet!
THE TOP 5 COINS FOR ME: 1) Bitcoin (obviously) 2) Litecoin 3) Etherium (Because of the hype) 4) Monero 5) Bitcoin Gold Honorable mentions: IOTA and NEM
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This took a long time to type. :)
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