So Bitcoin's market dominance in the cryptocurrency world is currently at the lowest level ever with 36.1% of the total value.
In my opinion, it's because the interest in alternative coins is rising rapidly for one, but you also have to consider how much of the bitcoin world is criminal. Seriously, for the first 5-8 years, the digital currency was mainly used as a means for criminals to launder money and sell illegal goods on the dark market. Think of all the massive hacks in the early days also, and all those darknet markets that disappeared with huge amounts of bitcoin.
Literally millions and millions of the 16 million coins out there would be owned by criminals. And now with bitcoin becoming more centralized and less anonymous, they are swiftly exiting the market and looking for alternative dark coins.
I also personally avoid using bitcoin all-together because of the extremely slow transaction speeds and high cost's associated with it.
The bitcoin mining business is dust, so that interest will die quickly.
I just don't see a very bright future for the god of cryptocurrency and it will surely be surpassed by one of its rivals soon enough.
I'm torn between predicting it to be Dash, or Ethereum, and I recon it could be about 2 years before that happens.
Would love to know peoples thoughts on the future of bitcoin.
Where will bitcoin be in
2 weeks?
2 months?
2 years?
Will it be surpassed by another coin? If so, which one and when?
The future probably looks still good, but we do not know what will happen with a certain coin in the future, for that I think it is the future and it is not worth guessing what may not happen. In my opinion, it's because the interest in alternative coins is rising rapidly for one, but you also have to consider how much of the bitcoin world is criminal. Seriously, for the first 5-8 years, the digital currency was mainly used as a means for criminals to launder money and sell illegal goods on the dark market. Think of all the massive hacks in the early days also, and all those darknet markets that disappeared with huge amounts of bitcoin.
Literally millions and millions of the 16 million coins out there would be owned by criminals. And now with bitcoin becoming more centralized and less anonymous, they are swiftly exiting the market and looking for alternative dark coins.
I also personally avoid using bitcoin all-together because of the extremely slow transaction speeds and high cost's associated with it.
The bitcoin mining business is dust, so that interest will die quickly.
I just don't see a very bright future for the god of cryptocurrency and it will surely be surpassed by one of its rivals soon enough.
I'm torn between predicting it to be Dash, or Ethereum, and I recon it could be about 2 years before that happens.
Would love to know peoples thoughts on the future of bitcoin.
Where will bitcoin be in
2 weeks?
2 months?
2 years?
Will it be surpassed by another coin? If so, which one and when?
