I look at BTC as the greatest thing for our world. We need digital currency. It makes sense. But, we live in a world where we are driven by greed and profit. So with that said....
If someone creates a ALT coin to compete with BTC for first place, I think eventually that ALT coin will get there. Because at the end of the day, if that 'ALT COIN" makes enough money they can continuously push their "ALT COIN to surpass BTC.
I dont see anyone financially backing up BTC.
I see Bcash and their owners making deals.
I see Ripple making deals
I see pretty much everyone else making deals
And pretty soon those deals that these "ALT Coins" are making will eventually climb them into the #1 spot
PLus, people are shorting BTC all day long. It sucks, because im the "buy during the dip" guy.
my opinions only.... im ready for the backlash
Then why despise the altcoins mentioned Bitcoin is still on the top?
Cryptocurrencies are not supposed to be created to make profits. It's maybe why some people don't profit? At least they are getting it wrong and if they are losing money then they will learn cryptocurrency the hard way
Because bitcoin is the first coin and the other alcoin only imitate from bitcoin and add improvement. Many people didn't have faith beside Bitcoin cause there are many shitcoin around, if Bitcoin didn't make any improvement or fix its deficiencies maybe ETH or the other can replace bitcoin