Post
Topic
Board Speculation (Altcoins)
Will Bitcoin Fall in the next couple of years?
by
grittymcgritface
on 18/02/2018, 14:25:54 UTC
I'm curious, I have seen lots of people arguing over whether bitcoin will Rise to 50k maybe even 100k and then there are the others who argue it will fall.
I'm going to state a few facts :
Bitcoin is seen as the base of all crypto and most are compared to it on markets.
Bitcoin is unsustainable as it is. a 3rd of the world's energy is used to mine cryptocurrencies most notably bitcoin which is one of the most energy consuming.As a result, there are high transaction fees.
Now here is my opinion.
I think given these facts Unless bitcoin does not change in some form it will likely be overtaken due to the issues highlighted. This will happen as a result of the huge price which most cannot access and the unattractive nature to the rest of the world which doesn't want to invest in something so energy consuming and volatile.  I think for mass adoption another coin will have o be the base to trade against like tether(which is experiencing problems) or UNY(which is rebranding) These stable coins will make crypto more attractive to many. IDK this is just my opinion and I'm welcome to counter arguments form everyone else.


EDIT: The question is not whether bitcoin drop in terms of current value-The price will remain the same or rise because the whole market will. The question is Will bitcoin fall from the top spot as the most popular currency given that newer faster forms are being developed and if not what do you think will happen?