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RE: BTC Losing Market Share

in #steem7 years ago

Oh, I have actually written an article about how Bitcoin is going to be one of the alts (even though this is theoretically impossible), but meaning that it will lose so much position compared to altcoins that people will have a hard time spotting it on the list of the cryptocurrencies.

I really believe and will continue to believe it. The technology that Bitcoin is based on is quite old and unable to scale, and without a hard fork to raise its potential, I don't think it will be so popular in the future.

But who knows, maybe it will still be used for big transactions only :D

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I agree 100%.

It might be able to survive being just a store of value . . .

It definitely will still be in use, cos it has many uses--being a store of value, for example; even a collectible lol. Lightening is going to help really well, too. And it might still be popular as the first of all, but yeah the altcoins are definitely going for a hostile take-over.

With all due respect, i disagree with your argument, i think bitcoin will still continue to dominate the crypto market for a long time, altcoin will gradually appreciate in value but bitcoin will not lose its value or position to the extent that people will have hard time spotting it.
I personally feel that in time to come there will be stiff competition between bitcoin and altcoin and i still see bitcoin dominating them all but not with the current margin...
Thanks for your view @mejustandrew

I accept and even appreciate the fact that you sustain your point of view. I have just one queation: why do you believe it is going to be like this?

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