As we noticed, bitcoin cant be obsolete even thousands of coin launching outthere since we will still go throught bitcoin before we can purchase the new coin. Bitcoin still the king of cryptocurrency. But of course technology is fast evolving, there will always be a change in everything and time will tell when will that be. :)
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Can I get a sip of that Kool-Aid you're drinking? "Can't"??? "Can't"???
I beg to differ, my friend.
I think the reason Bitcoin can not be replaced by a newer coin is that it has the ability to survive the crashes and reach all time high after. The BCH pump and dump last Novemeber is one example. BCH price exploded 8X before falling. It increase from $300 to $2400 before falling to $1200. Now it is just $1600. BCH was suppose to be Bitcoin but better but it still was not able to replace the king
BTC at the same time fell from $7500 to $5800 then recovered and increased price
to $11000
And to push this point, It fell $2000 from $11000 to $9000 just last week and recovered and now aiming to reach $12K this month.
Another coin would need to do this and perform better to replace Bitcoin
people realize that BTC doesn't live up to the hype. Then it's crashes like never before. Other alt coins are screwed because of the massive panic that follows.
besides, most investors and people have more confidence in bitcoin. Its value continues to grow actively and this is only the beginning
Any thoughts on Eth surpassing BTC in the near future? Im just thinking about functionality/features of Eth and the lack of when talking about BTC
Im curious to see where litecoin will go... 1. Its one of the three main cryptos 2. There is no politics in the Litecoin community 3. Litecoin has no current scalability issues and last which is a big thing.. Litecoin can confirm transactions 4 times faster than Bitcoin. On top of that uber is accepting litecoin not bitcoin and within the next couple years uber is going public which will also grow the company exponentially. Im sure other large companies will start to pick up on the trends.
yes, LTC is quietly booming. Did you know LTC was 3 usd in Jan 2017 ? It mean it increased 33X as suppose to 10x for BTC