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?
The superiority of bitcoin can be tied to many things:
- Fast transaction times and low confirmation fee (until the blockchain got congested)
- Increasing Bitcoin value do to popular demand and supply
- Easy of access: Bitcoin is relatively simple to use to send and receive transactions.
- The growth of businesses accepting bitcoin is high.
- High Security!
We should see bitcoin's popularity increase rapidly over the next few years as a result of many people realising its advantages.