Bitcoin- handle with care

in #bitcoin • 8 years ago

Hi there,

if you are new to the world of cryptocurrencies the first thing you most likely come accross is Bitcoin (BTC). 

It is fair to say that BTC is the dominant player in the market. Still. But in the past 6 months the marketdominance fluctuated between roughly 64% and 32%. So I would not consider BTC a solid investment. It is technologicaly outdated. Other blockchains do perform better. What they do lack is the establishment of BTC. 

If you want to go from fiat to another cryptocurrency, you most likely buy BTC or Ethereum at first and then the currency you originally wanted to buy. The second scenario where you can use BTC for is, to buy from selected shops, which underlines how well established BTC truely is.

If that competetiv advantage shrinks so most likely will the price at which BTC is tradet.

Thank you for reading.

#crypto #cryptocurrency #blockchain
8 years ago in #bitcoin by
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