Dumb Money stuck in Bitcoin... Outdated Technology?
Bitcoin Investors these Days..
I've been seeing a lot of discussion recently about Bitcoin Main being old technology now.
With the rapid influx of Crypto investors coming from outside sectors, Lot's of growth is being propelled and so many different takes on Bitcoin has been created.
Whether it be Dash, Ethereum, IOTA, Bitcoin Cash, Monero, OMG, Litecoin, Neo, Steem and so many many more!
Blockchain research has certainly blown up.
I've recently seen a analogy linking Bitcoin main to the old fashion luxury cars.
Could Bitcoin really be the model T Ford of Crypto Currencies?!
Fascinating comparison really..
Model T Ford
What do you guys think?
Could all this investment money coming in cause a false sense of knowledge?
In light of the transaction fee controversy, I'm starting to feel as though the investment has surpassed its capacities. I feel a flippening is coming.
Happy Hodling!
I think in any other type industry...it would already be losing market share or phased out...however...it is so intertwined with trading other coins and the major exchanges...not to mention miners...that it is not something easily unwound...but nothing inefficient lasts forever...especially this day in age...governments aside... although they can fade as well just a lot more years involved....so if nothing changes...something will change...
Excellent point! Everything transforms eventually.
Are you speculating that participating in speculation leads to risk? I would absolutely agree. Isn't every fiat brought into cryptocurrency an investment? Money coming in and, a sense of knowledge, are mutually exclusive concepts. By the same token, money coming out, or money staying in, or money staying out, could arguably have the same effect.
In a way, I'm simply stating that there's been a lot of miscommunication between parties in terms of Bitcoin's potential to the point where people ignore the Red Flags due to the public perception of it being the superior coin.
Well thats correct
Thanks!