Hey folks! I just wonder, what is with Bitcoin that until now it is still in it's peak and still unbeatable. Has not any one ever invented a new/other currency that matches the value of bitcoin? And if there would be What should it take for a new currency for instance to match the value level of bitcoin? Has anyone here ever thought that a new currency more superior than bitcoin could come out one day and bitcoin value would decrease or fall?
Still on peak because it was continously supported by the community. Other coins are just meant for profit purposes even those who has a decent price today. Bitcoin is used now not just for investment but as a currency.
There are coins created to add features that bitcoin doesn't have. That was their advantage. But still there are bitcoin developers putting effort to make this coin more developed although there is an ongoing civil war currently on the making. I believe that if bitcoin will fail and eventually will lose it's value, majority of people in the world will not trust anymore the idea of using cryptocurrency. Just imagined from let's say $3,000 worth of 1 bitcoin it will goes down to less than $100 because most whales will transfer to another coin.
Thank you. So it is still the supporters that is making it great till this moment? So the loyalty and perseverance of the community in supporting bitcoin should never decline if we want to benefit from it continually.