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RE: Federal Reserve says Altcoins are why Bitcoin keeps going down

in #crypto6 years ago

i just dont think its the best thing out there
its starting to look like a dinosaur but thats not to say it wont skyrocket in the future.
i think there better stuff out there now and in a few years it will become common knowledge once these new cryptos become adopted
they are faster with lots more versatility
even ethereum is a dinosaur if you look at the new things out there
how long will bitcoin and ethereum be a major force is what i would be looking at
lots of people will say ive lost my mind but im sticking to my beliefs lol'have an amazing day jr

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Altcoins have had better tech, basically ever since the first one was created, yet none of them have passed bitcoin in terms of market cap. Now why is that?

My guess is that bitcoin at its core is still just software that can be updated and upgraded to whatever the latest and best tech is. Also, it has the best security and decentralization of just about any other coin out there, which has proven hard to duplicate at bitcoin's scale.

Every other coin being priced in bitcoin also helps cement its place as lead dog.

From a store of value stand point, bitcoin is not going to lose its crown any time soon either. However, another coin may come along that figures out how to do payments, though again bitcoin could theoretically adopt whatever it does well.

Just as a store of value though, bitcoin could/should easily be worth trillions in the near future.

no qualms here. not denying that bitcoin will stay top for a long time but believe it definitley will be displaced at some point in the future and great info you put out
i read almost everything you put out
good stuff cheers jr