Can Bitcoin survive beside other cryptocurrencies?
Good morning Steemians, if you are a cryptocurrency trader, lover, holder or full time Steemian, just relax. Everything will be back, even stroger as it was.
As you can see in the title I want to share my own opinion, at the moment, about Bitcoin.
I think Bitcoin will only be used in the future as being the first crypto, Bitcoin will always be there, Bitcoin will never be destroyed, but for sure there are 100% other blockchain which will be ranked number 1. Saying future I meant around 2 years.
This photo says a lot to me. Of course I would add some more amazing blockchains, like STEEM & NEO.
We need decentralized blockchains, which have to keep our anonymity if we want that, we need blockchains which can stand up to the mass adoption, we need blockchains with acceptable fees and very fast confirmations. We have to be honest, bitcoin doesn't fit here.
I don’t see any other cryptos replacing bitcoin. Most other cryptos have t found their purpose yet, even those with solid use cases. Sure there will be cryptos which are better at many things and that may see greater adoption in different areas but that does t necessarily mean btc will die.
We need to get past this era of speculation where cryptos are used as people think they can make money from them, and allow them to reach their full potential in the many areas they can add value.
Just transferred 5 digits worth of bitcoin. It cost <90 dollars and was shown pending receipt in seconds and confirmed within <2 hrs. Compared to current fiat standards that isfreaking fast. Maybe not as cheap as other companies.
Maybe if lightning node and atomic swaps come online it will help bitcoin and litecoin. It’s just a shame all the infighting that bcash users have started up. Rather than work together they want to destroy all of crypto, even themselves, rather than see bcore survive.
Sir i share something
Top Cryptocurrencies Pending Price Target and their due dates
https://steemit.com/cryptocurrencies/@salahuddin2004/top-cryptocurrencies-pending-price-target-and-their-due-dates
I totally agree with you. Bitcoin will stay. The price might go down or up but it will be there. Besides, there are other alt coins we can invest in so as long as the blockchain technology exist, cryptocurrencies will always be there.
i've been eyeing on NEO since last week. Do you think it'll be better than eth and litecoin? Thanks! 😊
I don't know if it is better than eth or litecoin but neo will definitely be in top 5 crypto very soon!
Of course he can survive because he is a king!;)I think soon the balance will come after such a correction..
Mark my words Bitcoin is ruling and wil rue the industry forever
Everytime fud is biemh created by big whales just to bring the price down accmulate it and then starting praising the btc ...newbies jump again to take it ATH ...and then these whales exit the market and preocess repeats again and again
What i ex[ierenced iam saying that
others can be completely difrrent then me in ideology
thanks for sharing ...i enjoyed and learned various things from ur article ...thanks again buddy @jwolf
yes its the only newbie who are creating panic among us,they will buy high sell low,its their strategy.
I think BTC is able to survive, but its speed is beginning to be inhibited by various parties and government policy. The goal is to raise other crypto currencies. In the next few years BTC can be overtaken and many people who are investing into other cryptocurrency including STEEM.
ofcourse i agree, there are a lot of blockchain with use cases apart from just a currency which is what bitcoin is right now, steem is a quintessential proof of this
I also agree with you. Bitcoin will be number 1 in the future
absolutely agree steem blockchain is simply the best and i am sure it gains more and more heights in a very near future, thanks for sharing your nice thoughts with us, Stay blessed
ofcourse it will survive it has to be .because its getting hurt by noobs ,people with weak hands are selling in panic,they will sell low but again they will by again when it reaches top.