Quote from: JimminyCricket on September 03, 2014, 01:37:39 AM

BTC is just King Alt.

People are gonna be so depressed when BTC continues its downward slope

Cry

LOL

You will be sad only if you don't invest your Bitcoins into advancing technologies. Bitcoins act as seed capital, Bitcoins fuel and propel all the other crypto 2.0 technologies, decentralized companies, etc. It makes no sense sitting on Bitcoins. Bitcoins can potentially give you 1-10x returns over the next 5 years, keeping with inflation or not. But crypto 2.0 technologies and decentralized companies stock can potentially give you 10-1000x returns over the same period.

Quote from: waldocarter on September 03, 2014, 03:26:40 AM

I don't see Bitcoin going away any time soon. It's the only crypto currently widely accepted in real businesses where you can buy real tangible stuff other than mining rigs/contracts (with the only purpose of just generating more of the same currency you just spent).+

What you don't understand is real businesses have operating costs and they don't care about whether it's Bitcoins or some other crypto. Their operating costs are paid for in fiat, they have to pay their shareholders in fiat, that's why they immediately exchange most of their cryptos back to fiat through payment processors. Payment processors have no problem implementing several cryptos for convenience of the merchants' customers.

The only companies that don't immediately exchange (everything) to fiat is companies that were founded with crypto capital in the first place, and those will operate on those crypto 2.0 technologies. That's why it doesn't make sense to just sit on Bitcoins instead of investing them wisely.