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Topic: When Bitcoin loses its growth potential.. (Read 1297 times)

hero member
Activity: 672
Merit: 500
March 27, 2014, 12:34:33 PM
#10
its harder to make money by issuing a new generic crypto unless it has new features unique to it to draw in money

There are coins already having much better features than bitcoin, what feature does bitcoin has of today rather than being the first
sr. member
Activity: 252
Merit: 250
Let's say Bitcoin gains a significant level of adoption and the price stabilizes and plateaus for an extended time.  

From an investment perspective, it makes MUCH more sense for a very wealthy investor to start a new crypto, mine a ton of it, and market the hell out of it.  Is it not only a matter of time before we see this happen?

its harder to make money by issuing a new generic crypto unless it has new features unique to it to draw in money
hero member
Activity: 672
Merit: 500
The altcoin market is flooded with new coins everyday. Yes it will affect price of Bitcoin. But only handful of altcoins are having feature. Still Bitcoin is having growth potential.

bitcoin will soon be 200, its extremely overpriced and overrated
sr. member
Activity: 248
Merit: 251
When your 70 year old neighbour will be using bitcoin, then you can say it has exhausted it's growth potential.
newbie
Activity: 25
Merit: 1
The altcoin market is flooded with new coins everyday. Yes it will affect price of Bitcoin. But only handful of altcoins are having feature. Still Bitcoin is having growth potential.
full member
Activity: 126
Merit: 100
Let's say Bitcoin gains a significant level of adoption and the price stabilizes and plateaus for an extended time. 

From an investment perspective, it makes MUCH more sense for a very wealthy investor to start a new crypto, mine a ton of it, and market the hell out of it.  Is it not only a matter of time before we see this happen?

This is exactly what people are trying to do on a day to day basis with all the new crappy altcoins. And the coin you might be eluding to is the maxcoin, right? Marketed by Max Keiser, who claims that his coin is going to take over bitcoin? Not likely. I wouldn't buy his coin.
sr. member
Activity: 448
Merit: 250
Bitcoin super-duper-mega-ultra-hyper-node
Once BTC reaches its growth potential, it may drop in value as speculators get out and then stabilize at the lower value.
donator
Activity: 1218
Merit: 1079
Gerald Davis
Let's say Bitcoin gains a significant level of adoption and the price stabilizes and plateaus for an extended time. 

From an investment perspective, it makes MUCH more sense for a very wealthy investor to start a new crypto, mine a ton of it, and market the hell out of it.  Is it not only a matter of time before we see this happen?

Quote
Let's say Internet gains a significant level of adoption and the market usage stabilizes and plateaus for an extended time. 

From an investment perspective, it makes MUCH more sense for a very wealthy investor to start a new Internet, build out a ton of it, and market the hell out of it.  Is it not only a matter of time before we see this happen?

Why hasn't this happened?  Network effect (see also Metcalfe's law).  The potential for Bitcoin is to save consumers and merchants something on the order of $200B annually.  True investors (i.e. VC and angel investors dumping money into bitcoin startups) see that as the prize not some dump and dump scam that small minded "investors" see.
legendary
Activity: 2268
Merit: 1278
Already happened countless times and it takes very little time and even less money. You can order your very own clonecoin for a cheap price, then all thats left is to spam the board about it. Remember to talk about all the serious flaws bitcoin has for extra impact, especially the confirmation times.
full member
Activity: 173
Merit: 100
Let's say Bitcoin gains a significant level of adoption and the price stabilizes and plateaus for an extended time. 

From an investment perspective, it makes MUCH more sense for a very wealthy investor to start a new crypto, mine a ton of it, and market the hell out of it.  Is it not only a matter of time before we see this happen?
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