Well, Bitcoin was a scarce and rare resource when there were no alternatives that worked better, cheaper, faster and more efficient. Since there are now many coins that are superior in every category, BTC has done its job as a frontrunner and will decline in value rapidly.
The advantage to be first in a market is only one as long as you keep innovating and adjusting to this market. What we are already seeing through the many forks with BTC is, that there is no consensus in the BTC community, making it basically unable to adjust in a extremely fast market - which, for me, is the first and very clear sign of incoming death.
So all you say is true, but only as long as a coin/project is flexible enough to compete. That´s not the case with BTC, why it will die most likely sooner than later.
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Let's use your analogy with soda:
Coke-a-cola was popular when there were no alternatives that tasted better, cheaper, could find them easier and had better advertising. Since there are now many different cola brands that are superior in every category, Coke-a-cola has done its job as a front runner and the company will decline in value rapidly.
The advantage to coke-a-cola to be first in a market is only one as long as you keep innovating and adjusting to this market. Coke-a-cola is basically unable to adjust in an extremely fast market, which for me is the first sign of incoming death.
So all you say is true but only as long as a soft drink company like Coke-a-cola is flexible enough to compete. That's not the case with Coke-a-cola, and why it will die most likely sooner than later.
I'll see you in 2023 where Bitcoin will still hold some significant value.
Well, it is even true for Coke! They are innovating all the time, adjusting everything from their logo to their formula, more sugar, less sugar, no sugar, color, tastes, new products etc etc. - so yes, everything 100% true for them! Besides that, there is nothing that tastes like real Coke - so their product is not broken (like Bitcoin) 😀
But even if this were not true, it is a completely different market!
I´m pretty sure, that there will be no Bitcoin in 2023, but even if there is, it will have a tiny market cap - after losing already 50% of its market cap in just 2 months.
Whatever will happen in the future is of course just speculation. The only thing that´s pretty sure is, that you will have the opportunity to buy the dip at about 5k in the next 2-3 days 😀