we all love Bitcoin because it has some great features, but what will happen when another cryptocurrency will be used as much as Bitcoin? Mainly because it has all the things Bitcoin offers but better?
I wrote an article about this idea on Steemit and I would like to hear the opinion of some Bitcoinveterans.
Please tell me what you think and don't hold back your criticism.
https://steemit.com/crypto/@lumining/the-next-bitcoin
In my personal opinion, it is not impossible for other currencies to replace bitcoin in future. But I don't see that happening soon. ETH is technologically much more superior than bitcoin and is the closest contender of bitcoin as on date. Not in the price but in the market cap definitely. I have recently started using ETH so I have started to understand the technological aspects of it as well. ETH is better than bitcoin as a payment processor.
However, if you compare bitcoin and ETH as an investment asset. Bitcoin beats ETH. The kind of return bitcoin has given to its investors since last few years, was huge and none could offer the same to their investors. So every currency has its own pros and cons. As of now, if I have 100 USD to invest, I will put $60 in bitcoin and rest $40 in ETH.