Quote from: Beefcake on December 22, 2017, 01:10:31 AM

I was just reading an article from 2013 where one of the Winklevoss bros predicted 40k. Anything is possible because far more people want it than there are coins available. But also there is a psychological problem that people in general might prefer to buy 10 litecoin in stead of .1 bitcoin, I think maybe it just feels better but I don't know for sure. It used to be that there were not really that many good alts out there but now there are some decent options. Alt coins might cause an upper price limit to bitcoin. So if the price would have gone to 500k, with all these good alts now maybe it is only going to 30k.

On the other hand the ico market is nuts right now, and if too many people get burned by shitcoins then after the cryptos fall (and bitcoin dies again) maybe people will flock back to the relative safety of bitcoins. Or maybe more countries try to ban ico's. Anything can happen, it is very difficult to predict. I still can't believe these prices! I saw an article, doom and gloom, predicting a market crash all the way down to 6,000. 6K! I didn't think it would get to 6k this year, so if the 'bubble' bursts all the way down there, I will be perfectly happy with that price.

Yep, anyone with old coins can laugh and say, wow I'm broke, my 10 buck coins are ONLY worth 6K today.

haha

the point is both have only 21 Million coins and with 8 Billion humans the value is tied to one thing, how many of the 8 Billion want to sue BTC or BCH as digital currency.

the other alts may be okay, but the movement started with the white paper and original BTC refused to fix obvious problems that kept it from doing what the white paper says the coin is supposed to do, provide fast and cheap transactions for small value trades. BCH is doing that, BTC is not.

So BTC has moved into a store of value where people are content to pay high trans fees and slow transactions, while some understand the intent of the whole project was fast and cheap digital currency for low value trades, BCH is on track, BTC is not.

Can BTC be fixed, sure, but TPTB that control the core will not let it happen.

So we have what we have, BTC a slow and costly outdated core and BCH a faster core with cheap and fast transactions.

The rest of alt is well faux coins, nothing to do with the white paper, noting to do with Satoshi, nothing to do with what made BTC what it is.

Sure they work but it's like domain names, you have hundreds if not thousands of tlds today, .com is king and .net is 2nd, the rest are pretenders with the exception of org/gov which have non commercial use.

So you can buy a knockoff, a .us or .co or .whatever but if you are investing real money into development, marketing and branding, you want the .com and may settle for a while for a .net

In crypto you want the real thing, BTC and BCH is like a great .net

Ether, Lite, Dodge, Ripple whatever, they are the .whatever tld's yawn, minor, minor value

So if you understand domains you understand how to look at all the coins and you understand BTC and BCH are the .com and .net real things, the rest will be minor league pretenders

Long live BTC and BCH