Post
Topic
Board Economics
Re: Why BTC is having a high price?
by
1Referee
on 24/03/2018, 14:36:38 UTC
And other crypto coins also fulfill their task and there is no need to buy the famous ones.

And what may that task be according to you? The main use that altcoins enjoy is all speculation related. The few altcoins that do somewhat serve a purpose, are very small in number. Monero is the only coin I personally consider to have technoligical value, and then one may argue that Ethereum offers technoligical value too, but that again is mainly related to speculation at this point. Monero solves a problem that Bitcoin doesn't solve, and that is quite an impressive achievement if I may say so. I personally do not hold any Monero as an investment, so it's not that I am developing a financial bias towards that specific coin. It's genuine interest purely based on its technical engineering.