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?
there are two different discussions here that are so close and may be confused with each other.
1. discussion about priceif you only want to talk about price then it is meaningless in my opinion. there have been many altcoins in the past that have exceeded bitcoin price. they have been worth more than 1
BTC. for example IIRC, 1 ZEC was worth 6+
BTC at some point.
there are many other things like price that people compare alone.
things such as daily volume, marketcap, ... and none of these "numbers" mean anything when you look at them alone.
2. discussion about superiority in generalthis is the important matter that you should discuss and seek more information about.
all the single factors above come in handy here. you should look at them all at once. the price, the marketcap, the circulating supply, the real supply, the total supply, the amount premined, the amount in ICO, .... also you should look at things like how many people are using that coin and what for. is it just for speculation and inside exchanges or is it in real world also. how many merchants are accepting that coin, is it really used as they say.
and when you combine all these factors and look at the big picture you can see the "superiority of bitcoin"