Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
There is no use trying to convince me that bitcoin can survive more then couple of years, before it will get eaten by competition. To me it sounds like, when someone is the first to struck oil, and then no one else on earth will drill for oil any longer, because someone else already did it. Creating the perfect digital currency will soon be the holy grail to everyone who consider them to be geniuses at software engineering.
I CANNOT disagree with you, here. It is very possible that there is going to be an improvement on bitcoin that will undermine bitcoin... but that is in the future.. and maybe even, as you say, two years or so. At the moment... bitcoin is pretty damn good... and bitcoin is "the one" to invest into b/c it is the direction of the future. However, if a better "one" comes along 6 months from now, one year, two years or even longer.. at that point, it is very possible that we could transfer our investment from bitcoin to that other "one." Accordingly, what's the problem... Invest in bitcoin now, and when that other better one comes along, then move assets into that other better one... NO problema.
waiting for more cheap coins 
When is this going to happen, and how low is it going to go... I would like some more too in the coming week or so... and then thereafter we can be on our moonward journey...
Short of selling the BTC (which would implicitly be devalued because of the new, better coin) and buying the new coin, how would that work?
Be amused all that you want... THESE kinds of transfers from one asset class to another happen all the time with various kinds of investment... some people will see the opportunity to transfer their assets early on and transfer and others will wait too long.. there is a lot of variability in what people will do and how they will invest and how they will predict the future..
in the mean time, and currently today and seemingly in the next year at least, BTC is the place to be... b/c we DO NOT know about another replacement crypto.... even some promising like Ethereum or another are NOT far enough along in order to take over BTC market share... which may come down the road, but NOT today...
