Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
kkaspar
on 27/02/2014, 19:57:04 UTC
I was wondering if you would say that...so in a year, or two a currency that does not even exist yet, is going to be created, launched, mined, gain popularity and out-trade Bitcoin in the next 52 to 104 weeks, a coin that literally does not exist now..  interesting thought...

What will it do that will make it able to grow this fast and this well that any coins cannot do at present? and even if it is a great coin, can you explain how you think it will grow the network in such a rapid time?

Remember how fast bitcoin did it. And with less attention to the entire subject. Bitcoin has paved the way and now people take the entire idea more seriously.

How long Bitcoin did it in , so 5 plus years then (we do not know how long Satoshi worked to create the code/concept/features and test it before 2009)?
So lets call it 6 years... maybe more...


Bitcoin was already trusted in around 2011. Mainly in a drug community, but still.
The new currency needs security and a more user-friendly usability. The attention will come quickly because there is already a lot of attention on the subject. Bitcoin had to catch the attention on the entire subject itself. If a crypto emerges with better qualities, then people will start jumping cryptos fast. It's the nature of products that are supported mostly by hype. Support from hype is a fragile thing because people will get amazed by new alternatives very quickly. I think that doggecoin perfectly showed the nature of bitcoin. You don't even need a better quality product and simplistic lowbrow hype was all it needed to become quite popular.