Post
Topic
Board Speculation
Re: Can Bitcoin Still Go Up?
by
aardvark15
on 24/10/2017, 01:54:07 UTC
Now that it's been proven there are many other alternatives to Bitcoin which have advantages such as quicker transactions, smaller fees, and higher mining profitability, I don't see a reason to think Bitcoin will get to $10,000.

Will the price of Bitcoin still go up? It seems so outdated when compared to its competitors.

Apparently all of those advantages that many altcoins have can’t overcome the 2 big advantages that Bitcoin has:

1) Name recognition: Bitcoin was the first cryptocurrency and is known by more people than any other.

2) Trusted: What I mean is that over the years that Bitcoin has been around, it has stood up to scrutiny and has been criticized and even declared dead many times. Even after all of this, it has been able to survive and flourish. No other coin has this track record.