Bitcoin right now keeps on increasing its value, and many more cryptocurrencies are occurring.
Do you think someday bitcoin will end or will be replace by other cryptocurrencies?
Is it too late to invest?
Is there a chance that bitcoin will be down?
This post is very interesting. The day you had posted this was when BTC was in the ascendance. Gradually in December, 2017 it touched 19000$ mark which was the highest ever. Your questions would have been most relevant then. Anything in the contrary to what was happening in the cryptocurrency market then would have been brushed aside and rejected by a lot of people. But just see how thing turn around! In this first quarter we have found BTC plummeting to a value of 6000$ and a little under. From the first post in this thread in October, 2017 to January, 2018 there was simply a 3 months distance. And the prices did fall.
I do not think Bitcoin will end. The best reason is simply because it is decentralized and in some way or the other people will revive it or bring in innovations for its survival. We must always keep in mind the fact that cryptocurrency has just begun. It potential is way too immense and in the womb of the near future lies its glory. We all are contributing and constructing our ecosystem towards that.
No, BTC will not end and it is quite unlikely that it will be superseded by any of the Altcoins. An altcoin like Ethereum may come close to BTC drawing parallels but certainly cannot overtake. With the large trade volume and marketcap, BTC will not find itself in any trouble. Whales may cause panic selling but it will bounce back.
It is never too late to invest but it is important to watch the market and invest. Those who invested when the price was around $6000 are among the lucky few. Market analysis is important and to invest when there is a slight dip is always better. Knowing that BTC is still very volatile, it is important to take a call after thorough deliberation. If BTC is expensive then always go for a stable Altcoin and at right time invest in BTC. When the market is down, that is the right time to invest.
In general I would advise an investment under $9000 in BTC is a reasonably good investment. This is because we are looking at BTC's stability over 10000$. Under 9000$ we can consider BTC to still be down and a good time to invest. Buying at the right time and selling at the right time are the key aspects of trading and investment. We must respond to market but not to what we think should be the market.