Hypothesis 1: If the world fails to accept Bitcoin, chance are Bitcoin might be just as it is now or it will be run off by another coin that is universally accepted and effectively utilized.
what makes another altcoin accepted while bitcoin isn't?!!!
newsflash, if bitcoin fails to be used altcoins don't have anything on bitcoin to be used in its stead. they will fail sooner and faster than bitcoin if your hypothesis is right.
This is exactly what will make another Altcoin thrive globally should Bitcoin fail to serve it purpose.
1. When the coin serves the basic needs of the global population at a stable price regardless the market demand.
Who wouldnt like to purchase a coin whose market price remains same and serves it purpose over decades.
Something Alt coins should learn from.
Generate a coin whose utility is valueless, whose market price is fixed, whose profit margin is nominal and stable.
2. When the coin can easily be purchased by ordinary people and used for it supposed purpose.
Why buy a coin because the price was low at year A, and hope that the market will be pumped so you sell it at year B?
It appear all coins are following in the steps of Bitcoin. That therefore explains the cycle, and the reasons for outrageous changes on exchanges.
If people fail to accept cryptocurrency may be it because of the concept of buy and sell, make profit and scam inherent. let make crypto more fun than just buy and hold, sell and make profit.
I should be able to purchase a particular coin in the crypto market not because i wish to keep it and make profit out of it later, but because i wish to it for it main purpose.