Ninjastic
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Board Bitcoin Discussion
Re: I am pretty confident we are the new wealthy elite, gentlemen.
by
helloeverybody
on 28/12/2015, 12:30:28 UTC
Quote from: larem on December 28, 2015, 08:27:52 AM
Quote from: Kprawn on December 28, 2015, 07:30:19 AM
Quote from: larem on December 28, 2015, 06:41:30 AM
Quote from: Windpower on December 28, 2015, 06:40:14 AM
Quote from: mikewillz on June 05, 2011, 04:05:02 AM
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.

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.  Roll Eyes

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.

Although another coin could replace bitcoin, this happeining anytime soon is pretty unlikly id say. If millions of people end up putting money into bitcoin either to use or as an investment its goin to take something pretty serious to convince them to try what at the end of the day is just some alt coin. Bitcoin is cryptocurrency. there can be only one!! (main one)