Great article but did you explain the case on why Bitcoin Maximalists are so firm on their supremacy?
I really wonder why the rest of the altcoins havent really boom like bitcoin did in 2013 when it went from a mere 15 dls to 143 dls. This wasnt by far the biggest boom of bitcoin, but it was a big mark of it's evolution. Something no crypto has really experienced again.
I really hope Bticoin keeps groing to the mythical 10,000 but even if it doesnt go that far, I am good for being at upper 500 price. I dont care if it level out and keeps going at this rate. But I really wish at least more altcoins reach an upper 100s.
Granted price is not everything and market volume might be more important to some people but even then, I dont think the adoption has been as good for most altcoins. Right now most conversations are just a duopoly of Ethereum and Bitcoin, which Ethereum by far has been filled with drama while bitcoin has been sort of stable.
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Thanks Alex. I tried to address why they're so firm, but maybe I missed something. Do you have some other important points which people should be aware of?
I suppose one thing to remember is, it's still kind of early for most altcoins. Litecoin has been battling it out for a while, but I don't think people are likely to ever get quite as excited about Litecoin as they have about Bitcoin - except for that time when Max Keiser hyped it up and it went to around $50. Litecoin just isn't that different from Bitcoin, so it ain't that sexy. Ethereum might do that though, providing the drama isn't too crazy. Or one of the other smart contract coins such as NXT or NEM.
It's more important to look at the market cap, compared to the value of the individual unit. There are five times as many ETH as there are BTC, so when it went up to around $20, it was actually really close to getting the kind of crazy gains you're describing.