I really think altcoins are a bubble just like dotcom bubble.
You know dotcom bubble was the caused because people rushed to buy technology companies shares.but the problem was that most of these tech companies did not even have a product or even a plan to have a product.they were just in for the money they can grab.
I believe altcoins are just like that.most of them are just fancy scams looking to get money.
And when that bubble bursts bitcoin will be shaked but will stand its ground.
dotcom bubble paved the way for real companies with a plan to grow.
And there came Amazon,Google,Apple.
Bitcoin will be very very valuable.
Right or wrong I am seeing pre dotcom bubble Amazon in bitcoin. the price of a Amazon share was 108 dollars, after the burst it was 8 dollars.Look at what it had become.
I know this is not a great comparison but this is my honest thoughts and belief in bitcoin.
Nope. Bitcoin is just the first to appear that is why its the known coin in the world but there are more advance token created not just for the purpose of storing value like BTC. Its not a bubble because no one can generate a token out of a token that you can plant the token and multiply just like how the tulip flower bubble if you knew the history of the tulip bubble. These tokens are going to be mined and has total supply which is limited and so the bubble won't die because of it.