8 years is a long time and anything can happen between now and then. Bitcoin has been with us for 8 years but when will the next killer coin come along. Technology comes and go.
When the mines start to empty the demand may start to wane as there is no longer an incentive to seek out the elusive coin. Even though it is a crypto-coin, it is still subject to market forces such as supply and demand. Maybe the trend is to the moon or maybe we are just in a boom cycle until the day when bitcoin is no longer the crypto of choice.
Bitcoin may become so valuable that no-one want to spend bitcoin or that bitcoin is out of reach for people like us. If that is the case then Alt-coin will come into play. Maybe Steem will be its little brother. Who knows!
Many questions to think about and how to position myself for the future but at the moment it is in bitcoin and steem, maybe some in Ethereum and Ripple in the next few days.
8 years is a long time and anything can happen between now and then. Bitcoin has been with us for 8 years but when will the next killer coin come along. Technology comes and go.
When the mines start to empty the demand may start to wane as there is no longer an incentive to seek out the elusive coin. Even though it is a crypto-coin, it is still subject to market forces such as supply and demand. Maybe the trend is to the moon or maybe we are just in a boom cycle until the day when bitcoin is no longer the crypto of choice.
Bitcoin may become so valuable that no-one want to spend bitcoin or that bitcoin is out of reach for people like us. If that is the case then Alt-coin will come into play. Maybe Steem will be its little brother. Who knows!
Many questions to think about and how to position myself for the future but at the moment it is in bitcoin and steem, maybe some in Ethereum and Ripple in the next few days.