Quote from: choppork on March 10, 2017, 06:41:10 AM

Quote from: Maslate on March 10, 2017, 03:06:35 AM

Quote from: BreakingSlow on March 08, 2017, 03:55:35 PM

I wouldn't say that the Bitcoin has no competition because there are some people who like to use other currencies over the Bitcoin.
But the Bitcoin does have a major lead in popularity and worth ahead of the other currencies.

The competition is only with fiat but in crypto world, bitcoin is obviously leading them all and if bitcoin will continue to succeed the crypto market will also progress as a whole. For now we should be thinking that bitocin and fiat are different and if we compare it with bitcoin, we know already that bitcoin is nothing compared to fiat which is most widely use in this world.

I don't think so. Supposed that bitcoins skyrocketed to $10K because of mass adoption and all. I don't see why would that success will be the success of other cryptos as well. What I'm saying is that a dump coin will continue to be a dump coin regardless of bitcoin's success. At the time bitcoin is having some real success, there would be new coins coming in but the old coins will continue to be what they are unless someone picks it up and hype it up which is very unlikely to happen.

Just think of it as the success of an individual doesn't correlates to other people's success. I can become successful but other people won't get successful too just because I am

I would like to add that with Bitcoin price going to the sky and above as well as time passing by, there will be less and less altcoins worthy a dime. It is basically only one should prevail thing. At first, there seemed to have been a lot of demand for new coins and those who were the first at running ICO's likely earned massive amount of money by scamming gullible folks. I guess this is no longer the case simply because a lot of people have already burned their fingers with shit coins and are not going to get caught with this stuff again

As they say, once bitten twice shy