I don't necessarily think they take away from btc's value, I tend to think that they add a greater pool of liquidity that would otherwise be kept in fiat.
So in essence they can be considered part of bitcoins total market cap itself as their value is relative to btc anyway.
Topic: Where do you see Bitcoin in 5 years? - page 2. (Read 1795 times)
I added the website a long time ago and have not posted around here much since. Had no idea it was a scam site. Will remove. Thank you.
I was wondering the same thing.
I think that it is naive to think that BTC will be the only currency around.
Some altcoin will succeed as well. LTC is over 31USD now.
Can't see why they will not be 1/4 price of BTC in the future, because It's is basically the same.
I think that it is naive to think that BTC will be the only currency around.
Some altcoin will succeed as well. LTC is over 31USD now.
Can't see why they will not be 1/4 price of BTC in the future, because It's is basically the same.
Bitcoin has established itself as the poster child of cryptocurrency. Its future and bitcoins futures are hand and hand and no one other is going to take its spot.
The better question to ask is whether crytocurency has a future. That I am not so sure. The theory works, but the community so far too small at the moment. There needs to be a catalyst that will ultimately send it mainstream and I think we are on a crash course towards that point. The question remains is when it gets there, will the mainstream ever accept it? I doubt it, because there needs to be a "guarantee" or some governing entity to make the average joe feel safe. Bitcoin does not provide that.
So while I do not feel it is going to replace the dollar anytime soon, it isn't going anywhere either. It will always operate as a trading opportunity and offer tax incentives, but don't expect walking into a major fast food chain and ordering with BTC. Sure there will be a few, but never widely accepted.
My .02BTC
The better question to ask is whether crytocurency has a future. That I am not so sure. The theory works, but the community so far too small at the moment. There needs to be a catalyst that will ultimately send it mainstream and I think we are on a crash course towards that point. The question remains is when it gets there, will the mainstream ever accept it? I doubt it, because there needs to be a "guarantee" or some governing entity to make the average joe feel safe. Bitcoin does not provide that.
So while I do not feel it is going to replace the dollar anytime soon, it isn't going anywhere either. It will always operate as a trading opportunity and offer tax incentives, but don't expect walking into a major fast food chain and ordering with BTC. Sure there will be a few, but never widely accepted.
My .02BTC
Hey guys,
Looking for different perspectives here. Where do you see Bitcoin in 5 years? Still number 1? Lost its market cap to a competing currency? More expensive than today?
It seems alot of alts are coming up now-a-days, which may end up taking chunks of BTC's value
You can talk about things like price, competing cryptos, market share
Would like to see what you all think..
Looking for different perspectives here. Where do you see Bitcoin in 5 years? Still number 1? Lost its market cap to a competing currency? More expensive than today?
It seems alot of alts are coming up now-a-days, which may end up taking chunks of BTC's value
You can talk about things like price, competing cryptos, market share
Would like to see what you all think..
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