RE: Bitcoin $10,000: What Does It Mean?
"Bitcoin will not be in a bubble until half the stores you walk into have a sign "Bitcoin accepted here""
The reason this is not true, as @corbettreport pointed out, is that BTC may simply go away. Cryptocurrency is the actual revolution, and BTC is but the first iteration of Cryptocurrency. Just as Myspace was the first iteration of a social media platform, and Ebay the first iteration of internet sales and marketing, BTC is as likely to be replaced by another, or more likely ALL other cryptocurrencies, just as those sites were replaced by Fakebook and Amazon.
Not a hater, just pointing out a relevant truth regarding revolutionary technologies.
Steem is a far better cryptocurrency than BTC, IMHO, particularly regarding fees, and transaction speed. Not that my opinion on the matter is relevant to the market =p
Yes, it is possible that BTC could just disappear.
And the reasons are myriad. But all the reasons I know have signs, like many miners bailing. And I don't see any of those signs.
T.P.T.shouldn'tB may launch a false flag against bitcoin that seriously undermines its credibility, and sends it crashing, while regulations are piled upon it... and it will probably still come out on top.
But, I think it more likely that the signs in the window will say "Bitcoin accepted here" simply because it has name recognition. "Cryptos accepted here" just doesn't have the same meaning. And "Bitcoin accepted here" will be synonymous with most cryptos accepted here, like we talk about Kleenex®
"Steem is a far better cryptocurrency than BTC" The problem with Steem is how easily it can be obtained, this greatly reduces it value. Plus the fact it's created out of thin air.
Good point about Myspace though, can't argue with that.