If you had followed me during my 164 days on steemit you should know that I'm not too kind to Bitcoin. I think of it as a prototype pumped up as the real deal. Bitcoin doesn't have the basic fundamentals to become Peer to Peer Electronic Cash on a massive scale. If the entire population of the world was the population was the population of Singapore (5.6 million), Bitcoin would do fine. I've spoken favorably about Bitcoin Cash. But I still don't believe it's the real deal either.

There are many people who regularly brings up the fact that the record making blockchain that can be scaled to do 100,000 Tx/s which is pretty amazing considering VISA is capped at 56,000. But please remember that all the posts and upvotes are transactions in the STEEM blockchain. We are only approaching 50k active users and we currently clock about a million Tx each day (which is higher than BTC's entire capacity.) and that's less than 0.1% of the current capacity. Check this site which should give you some really good insight: http://www.blocktivity.info/

With Smart Media Tokens and hundreds of millions of users a good portion of the capacity of the STEEM blockchain will be occupied. But that's not even the main point. I'll let the Litecoin inventor speak his mind. 

 “The one major thing missing from Bitcoin and Litecoin being good money is fungibility”“So if I, lets say bought like 10 Bitcoins on an exchange and deposit it to my wallet and want to pay someone for coffee or for whatever right, I want pay someone back $5 for lunch. If I send him $5 from those 10 Bitcoins then he knows that I have 10 Bitcoins or 10 thousand dollars in my wallet and he can track where that money came from and where I spend it next”“It seems kind of silly that if I pay him $5 all of a sudden he has access to all my information about how much money I have, where I’m storing it, how I’m using it, and he can track where that money came from and where I spend it next.”“Its not about buying drugs, it’s about when you are using money, you don’t want to have to decide which one of the coins to spend due to it having some history”“It’s like if you take out your wallet to pay someone and you have to decide which one of the $20 dollar bills to use because one of the $20 bills is tied to more private information you don’t want anyone to know about.”  

STEEM has the exact same problem but little bit more magnified. You can use a bunch of addresses with BTC, LTC or even BCH. But that's a real pain with STEEM and it's even highly discouraged. PIVX and their excellent marketing team leveraged on this.

It's pretty clever and Snappy is just pumping PIVX. But it's also genuinely true. Without fungibility, nothing is cash. Without a random person can data-mine and track and predict all or at least most of your spending habits, activities and how your brain tick and this could be used for criminal activities, blackmail or just to empty you digital wallets by selling you stuff at your most rationally vulnerable moments.

This relic with $25 Tx which wouldn't confirm for hours and $100+ Tx than confirm in the next 10 mins pales in comparison to 1.3 second Tx of Dash/PIVX that's done for cents. Practically anything on the top cryptos by marketcap is better. I'm currently holding some Dogecoin with almost 80% profits and this meme based coin is working better than Bitcoin. 

But today after the big crash few days ago, I was seeing BTC being much stagnant while Alt-coins killing it. BAT and Monaco which I held through the crash did really well for me and I was taking a look at things to see if my predictions are getting close to become a reality. I've made a bunch of predictions on this site. Many except 1 came true.

• Hshare, Bytom, Komodo,SONM quadrupled.
• BCH went over $1000 (I made the claim on early August)
• I was screaming about WTC while it was 10 times cheaper and I predict minimum $100 before next christmas.
• I was big on Substratum and Sia
• I was screaming about MaidSafe and NEM 
• NEO did really well for me too.
• I was involved in TRON ICO on Binance and China happened. So no gains on that.

I didn't expect the current rally in Bitcoin. If fundamentals didn't change it wouldn't stabilize over $5000. Some fundamentals changed but still..... 20K happened. So at least I was halfway wrong about that. So I did more research this time. I researched about the big money involved. Big whale investors and the money from traditional stock investors. I've spent hours reading massive amounts of free material made available by financial newsletters that even sell their subscriptions at over $15,000 after massive discounts. Their crypto subscriptions are not even included in these bundled subscriptions.

Most cryptocurrency newsletters go for prices around $3000 and thousands of people buy them. Personally I started my crypto investments with less than $1000 which was all of my liquid assets at the time. I've followed many of these writers who talk about cryptos and I've listened to podcasts and even watched some promotional materials. Some time ago I attended a live webinar from Teeka Tiwari and left highly disappointed. 

It made me realize how many things we take for granted on steemit.

I even got my hands on a bunch of recommendations from Palm Beach Confidential and it wasn't really a big deal. Just spending some time on steemit and using coinmarketcap should easily cover up half the work presented in PBC. Just think about that. Half the work of a high end financial newsletter through simple social media interactions that might acutaly even end up making you few dollars.

The material I explored were from people I truly respect. But my conclusion was that no matter how great they are with stocks, bonds, real estate and all of the traditional investments, they are just a bunch of jackasses when it comes to the crypto-sphere. One newsletter writer/publisher with thousands of dollars worth newsletters behind him was advising that a person should keep 30-70% of their portfolio in Bitcoin. That's one of the stupidest crypto-investment advises I've ever heard of. The biggest and weakest crypto with limited percentage gains should be 70% of the portfolio!!! All the while we have sleek monsters like Dash:

Now here is the part you might miss. People who buy the newsletter are expected to make massive gains to coverup $3000 subscription with as little as 30% of a crypto portfolio and these people are recommending Buy & Hold.

That's a lot of money. That's also a huge lot of experienced investors. In their own words, Bitcoin is the "Reserve Currency"s and a "Store of Value". I consider the "Store of Value" argument to be something utterly senseless and that's a whole different post.

The main point is that these experienced idiots aren't even betting big on Ethereum. It's still not safe enough for them. Most of their so called "Insider Knowledge" can be picked up from Twatter and Reddit and some look around their website and maybe the whitepaper. They also talk about some great technical indicators they are using and almost makes it look like magic. Allow me to give you a list of these technicals and a "Secret Website" which allow you to track most of these technical indicators regarding your cryptocurrency investments.

Drumroll.........................................

• MACD
• RSI
• Google Trends

https://www.tradingview.com

Ok we are done. That's it. That's really it.......

If I were a busy person I'd have payed $199 for any one of these "High End" Financial Newsletters. That's it. There were many including me who loved BCH and though it would reach great heights. Teeka Tiwari had a great advise. Sell your Bitcoin Cash. Then he had another great advise. Buy Bitcoin Cash at $1500 because it really didn't have much going at the beginning and now it's picking up bull energy YADAYADAYADA............... while practically every damn Analyst on steemit was bullish on BCH since it was  around $300. That's 5 times better performance than a $3000 newsletter. 

All you had to do was be on steemit making few bucks.

I know these newsletters and the experienced idiots who run them must have made a lot of money and saved a lot of time for many people. But actually learning about cryptocurrency and blockchain for half an year and being on steemit has put me way above those big investors.

We are talking about all sorts of coins and we are discussing blockchain technology and having debates on scalability and we are reviewing ICOs. Reading all the material for hours convinced me of one thing. We are Elites. We really are. These people are only beginning to realize the worth of Bitcoin but to me and many more, Bitcoin is already a relic. The difference in mindset is like the difference between an average person from a super wealthy country like Singapore, Dubai (UAE), Switzerland and a wealthy person from Zimbabwe or Congo or North Korea. 

What all of this means is that the Alt-coins is the new Bitcoin. Living in our elite ivory tower we might not have noticed this. But The people with both money and experience have only jumped onto the Bitcoin bandwagon and they don't even understand the fundamentals or the tech. Surprisingly, You are probably already more informed about Cryptocurrencies than these newsletter writers. One prominent figure called for a million dollar BTC (21 Trillion USD marketcap). There is also that other Expert who's about to eat his dick on live censored television.

Among all this figures, highschool dropout me goes on record with the following claim:

Bitcoin will reach sub $500 price before the end of 2020.

I've been accused of making posts that are too long. So I'll make another post on the rise of the Alt-coins later. But until then you might be able to figure out where I'd be going with these posts.

If you have outrageous predictions like mine, You are welcome to try the comment section.