Post
Topic
Board Economics
Re: Bitcoin vs. All Other Coins, are they hurting Bitcoin?
by
BlockStreet
on 24/05/2014, 23:58:38 UTC
but you know I am right.
No, in fact, I know you are wrong.

I am betting on it and have put my money where my mouth is.  I am heavily invested in Bitcoin and do not own a single alt coin.  Talk to me next year at this time and we will see who was right.  I expect I will have made a tidy profit and, assuming you are investing in these fly-by-night coins, you will have lost.

List all the coins you are heavily invested in here:

Right now I'm in Bitcoin and DarkCoin.  I believe in hedging. I think we are simply too early in the technology cycle to claim a victor, and some of the altcoins have potential. Sure, it's most likely that Bitcoin will end up on top, but remember:

Vinyl => Tape => CD => MP3 => Streaming

Friendster => Myspace => Facebook

Who knows what a year will bring.