Post
Topic
Board Altcoin Discussion
Re: Bitcoin has reached the tipping point
by
devphp
on 24/11/2014, 14:16:25 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.

why would you buy dollars when you can buy Zimbabwe dollars cheaper?

does the same thing right?

Cheaper is just part of the argument (see: a few other things). Then again Zimbabwe dollar doesn't do the same (doesn't have as many use cases) as USD, that comparison is completely invalid.