Post
Topic
Board Economics
Re: Is Bitcoin Over?
by
Triffin
on 15/11/2019, 18:54:55 UTC
Never say die to Bitcoin because it is still the best coin on the market. Due to the high dominance level of Bitcoin, the death of Bitcoin will cause a great disaster to the entire crypto market because it will go along with its huge market cap which occupies more than 50% of the entire market cap. Bitcoin still reigns and deserves all the necessary attention.
I agree with you, bitcoin still has a significant role in the crypto world. Moreover, a lot of altcoins have better technologies and various destinations of usage but bitcoin in spite of that fact have the best dominance among cryptocurrencies. I think it is because bitcoin is completely decentralized not like altcoins.
Not only bitcoin is totally decentralized but it also has the largest number of supporters among all projects of the crypto market. Those who are even unaware of the blockchain technology, they even know about bitcoin as a digital currency. The way bitcoin is increasing right now in value and people are speculating about it repeating 2017, I am sure the demand of bitcoin will further increase leaving altcoins depending on it for price increase.