altcoins is deceiving as recently, jos vaihtaa bitcoin ethereum theres been a large run-up in the prices of a lot of altcoins. I know, Ill just buy the most popular ones since theyre probably the most likely to have any chance at all of beating Bitcoin anyway. Certain features, however, may conflict with Bitcoins current use-cases. Entrepreneurs can add similar functionality while making a profit themselves. The first would be a technical flaw (for example, a bug that would allow someone to steal coins). Future Utility, most altcoins have some technical difference compared to Bitcoin and that is often the reason given for why people invest in them. Of course, we dont live in a vacuum and the existence of Bitcoin affects the future utility. Dogecoin, for example was built on tipping each other and transferring value, often just for the sake of transferring value.
What next after cryptocurrency bubble bursts?
If you have a lot of the same technical properties, of course an altcoin existing in a vacuum would do about as well as or maybe even better than Bitcoin existing in a vacuum. The main way a niche coin makes sense is if it can do something that Bitcoin cant or wont. Even if Bitcoin continues to be the most valuable cryptocurrency, there may be room for altcoins to serve some other niche and hence may not be bad bets in their own right. Bitcoin has a large lead as a store of value over every altcoin in having existed 8 years without failure. Also, bitcoin has been trading sideways since the start of the year. But trading got off to a light start. The second would be an economic flaw (for example, a code change that would instantly give 10 million coins to some entity for some reason). The third would be a consensus flaw (for example, Bitcoin splits into two roughly even coins). Should an altcoin show usefulness, there are a couple of ways that Bitcoin can add the same utility. Of course, the same risk exists in altcoins and its worth pointing out that Bitcoin is one of the few cryptocurrencies that has a natural hedge against degraded development in the form of alternative clients.
The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Bitcoin headed to 100,000 in 2018: Analyst who forecast 2017 Why Bitcoin is Different than other Cryptocurrencies - Medium Bitcoin, Ethereum, and Litecoin Price - Coinbase
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