And that tells me you haven't taken economics 101.
How, prey tell, is a price determined?
Nothing is determined. You can have my morning turd...its unique and supply is limited to one.
Its price only depends on the amount of turd collectors. Same with bitcoin. As long as you find always new believers the rocket will fly.
A healthy economy needs some amount of inflation. Why should I buy something if my currency is more worth tomorrow. Yes I know this argument has a beard but enlighten me.
there is far better tech that will provide complete anonymity, and this tech can and will be added on top of bitcoin. ( third layer?? ahaha!)
right now things like Ether and Monero, bcash, they have an edge, somthing that adds utility and sets them apart.
but sooner then you realize, bitcoin will have better solutions then anyone of these altcoins... and then what are these altcoin worth? not a fucking thing....
Sure, "Bitcoin" has its name on it. This is a huge advantage and the fact that altcoins are currently traded with regard to its worth in Bitcoin as a base currency. That might fade. We'll see.