Quote from: OROBTC on July 01, 2017, 05:47:26 PM

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I see two main risks to Bitcoin price:

1) [Short Term] If they fail to solve the scaling problem(s) or make major errors or have ugly "civil wars" then many people will drop BTC like a rock (get rid of it), and new people will not join in. That is why, IMO, it is VERY IMPORTANT to get an solid agreement ASAP on this issue that is OK with the Developers and the Miners.

2) [Longer Term] Yes, given enough time, another crypto is likely to come along with better features, solid financial & technical backing, etc. to supplant Bitcoin. Technological progress almost always has losers too.

It is obvious the rise in market cap from ETH and the other alts is a direct result of the inaction of consensus to scale with the pace of demand. I also am of the belief that segwit and lightning networks is not enough, and possibly a wrong move when increasing the block size would work and has been begged for.