Post
Topic
Board Bitcoin Discussion
Re: People will choose bitcoins more if the number of cryptocurrency option is less.
by
zeuner
on 15/02/2023, 14:15:17 UTC
I felt like seeing a movie and opened my streaming app (Netflix) to make a selection of a movie to see and I became confused which to select because of the many choices that I saw. I immediately had this thought that it is the same way people who have the interest of investing in cryptocurrency become confused the one to invest in when they find out that there is bitcoin and many other altcoins. Many people become confused and make mistakes because of the many options they have in cryptocurrency, they fail to invest in bitcoins because they think that there are many other very good options. Do you agree that more people will choose to invest in bitcoins if there were not so many cryptocurrency choices although not all are good?

Not all blockchains address the same necessities. So there is some justification for choice. Nonetheless, there are probably too many resources going into somewhat redundant choices.