Post
Topic
Board Altcoin Discussion
Re: Bitcoin has reached the tipping point
by
devphp
on 03/09/2014, 11:07:30 UTC
But it's not the tipping point after which it grows exponentially, no. It's the tipping point where people start fleeing it en masse to other technologies and undervalued cryptos. After all, why would you buy Bitcoin if you can buy something cheaper, which does the same, or even better - if you can buy something cheaper which does the same and then a few other things. Bitcoin was the bootstrapping crypto, now is the time for other technologies to take its place. It won't happen overnight, but the process has begun.


uhm...i disagree.

How can you know that? have you seen some other altcoin with a huge rise of volume in the last 2 months? And this or these rise are comparable with the decrease of btc's volume?

Only if you can prove this, i can agree with you.

It will take a few years to unfold, not months. The first crypto 2.0 projects began earlier this year, and are not even 50% developed yet. The process will take years, by the end of 2015 the crypto scene will be completely different from what we saw a few months ago. You can already see the future if you follow those projects.

Why would you buy something else when it offers nothing at all? There's a reason why most alts are worth very little because there's just no demand for them. In fact, the only people who seem to want them are those who think they might get rich off them like they missed the chnace with bitcoin.

If you don't see the value, you don't see the value. If it offers you nothing, don't buy it. People see value in different things, you know, there is no unanimous opinion here. For example, I don't see much value in Bitcoins, I spend them away quickly to buy undervalued crypto technologies. Your vision of value is different. To each his own.