Bitcoin was the first of its kind, i first heard of it in 2011, and didn't think anything of it.... i feel very few people at first didn't invest much, but the people who did invest didn't have to invest much money, when it first came out, if you had invested $10, you would have a nice fortune now....because its sitting in the thousands now, i feel very few people for this reason wont invest in it, even if i did a $1000 now, i think it would take forever to see a huge outcome compared to the first investors. i feel the majority of the overall bitcoin online is from people who first bought in. Due to this i get the impression bitcoin will fall drastically here soon.
Now that people see the uses and market for online currencys, a lot more people are paying attention to it, due to this, I'm feel the average person will invest in other coins like ethereum, ltc....etc, hoping for a big outcome like bitcoin had.
Any opinions/advice is welcomed
Now that people see the uses and market for online currencys, a lot more people are paying attention to it, due to this, I'm feel the average person will invest in other coins like ethereum, ltc....etc, hoping for a big outcome like bitcoin had.
Any opinions/advice is welcomed
Probably true. A lot of people are investing in altcoins, hoping one of them will be the Bitcoin killer. Another reason for people moving away from Bitcoin is the scaling debate. That is when the altcoin rally started.
There's no such thing as bitcoin killer, everyone claiming to have it has sold us vaporware thus far, or plain clones of bitcoin sold as something new when they aren't.
I wish someone had a real bitcoin killer that beats it on every department, because that would mean getting rich was very possible, but I dont see it happening to be honest. Bitcoin remains the best, with the most devs, the most peer review, the most liquidity, the most hashrate, the longest surviving blockchain... you name it. That's a lot of things to beat.