Re: I am pretty confident we are the new wealthy elite, gentlemen.
I was very lucky to purchase some bitcoins today. I think you are spot on. If less than 50 million will be made, the value per bit coin will be ridiculous in the coming months...
There is only ever going to be 21,000,000 Bitcoins in circulation. Of course the price of 1 Bitcoin is going to be through the roof.
BTC can be replaced at any time. The infrastructure is compatible with any other alt.
They're invested in the backbone itself, not Bitcoin. There is a HUGE difference. It's like saying "why would that airport switch from airplanes to helicopters? They already set themselves up for airplanes." They're easily cross-compatible.
Yes, for sure it could be replaced, but what would the incentive be to do it? There are 1000's of companies and merchants around the world invested in it and it's backed by one of
the strongest decentralized networks on earth. The new alt coin would have to be brilliant for people to migrate away from Bitcoin or Bitcoin would have to have some major
flaws for people to start doing it. For now, we are still potentially wealthy contenders.
I beg to differ... a lot of them invested in the currency "token" not the Blockchain technology. Some of them have huge amounts of bitcoins hoarded and would not just swap
over to a new token for no reason. There are many Alt coins out there, with better features than Bitcoin, but the majority of the people still stay with Bitcoin. Yes, it might
happen, IF a flaw is identified... but then EVERYONE would be selling and running away. This flaw could also be patched and things would go on as normal. Just remember.. Bitcoin
can easily adapt to changing needs... we just need a consensus.
