Post
Topic
Board Trading Discussion
Re: Bitcoin the king
by
Bagaji
on 19/11/2021, 23:20:36 UTC
Now that many other cryptocurrencies are seriously pumping can they take over from bitcoin? If they take over from bitcoin can they last in that position like bitcoin?
What is your opinion.
In the past there had been alts that surpassed Bitcoin in unit price, though not in market cap. But that isn't where all that ends. There's something that goes beyond utility or use-case of cryptos, for me that's trust. A lot of people have got that trust for Bitcoin. They can confidently put their money in it and peacefully go to sleep compared to others. By the way, there's a reason that makes Bitcoin stand alone while others are referred to as altcoins. Bitcoin is the only cryptocurrency that isn't referred to as altcoin. If any altcoin surpasses Bitcoin price, that won't be anything special and I don't think it will affect Bitcoin's relevance. The only thing I know that can destroy Bitcoin is if the 21 million scarce supply is changed to something more.
Can you please mention the name of the particular Altcoins that you claim to "surpasses" Bitcoin in unit price or market value. If we are making our submission it will appropriate to provide evidence that will backup our point so that one can easily verify as to whether it is truth or not and not just leave blank. This because newbies may not be well informed of what has happened in the past.