Bitcoin will die - no doubt.
However, it is a Goliath and it takes just a bit time. That being said, it most likely will not happen tomorrow and the coin will not die technologically, but the community will become simply poor and no new members are coming (why they should).
If I think very carefully, bitcoin has nothing to offer. It is very inconvenient. People get paid in dollars, why on earth they should convert those dollars to bitcoins?
The only real world use for bitcoin I could imagine is sending money from developed countries to undeveloped countries, perhaps bitcoin might save a few bucks compared to Westrn Union rates.
On the other hand, Monero offers a safe-haven for rich people since it is anonymous. Nobody can figure out your balance except Risto who knows that the largest Monero stack was worth only of 100 000 usd in the days of bottom prices.
if you think bitcoin will die, than i think monero will die to
It might do this. Chances are Monero will die and it is good to remember when you are investing into XMR.
However, Monero has better odds to succeed since you can add all the needed features of bitcoin into XMR. If you want to use Monero publically, it is possible, too.
Bitcoin's last chance to get some additional air is the Wall street pump. Bitcoin needs tons of stupid money flooding into it in order to gain some value.
Therefore, I think we should not focus too much on how many bitcoins Monero costs, but how many USD.
Monero needs to stand alone and separate itself from bitcoin - otherwise it is just another altcoin.
And I don't think Monero will be the ultimate crypto neither.
this is nonsense. if you believe there will always be a better crypto then there is no use investing in them other than speculation and day trading.
there is such a thing as network effect. and bitcoin's own dwarfs monero's by a couple order of magnitudes.
protocols don't need to be perfect, they just need to be good enough and all signs point to Bitcoin being good enough.
Monero is unique from most other alts in that it does present a use case that the market demands and that can not (yet?) be filled by Bitcoin but I believe it is too little too late for Monero to supplant Bitcoin on technological merits alone
Yes, tech tends to go forward.
When I was kid internet was introduced, and it was with modems that made the noise. And it was expensive, charge was 0.10 usd per minute.
Now we are having pretty fast internet connections as a human right almost.
When new crypto is introduced, we simply buy us into it. Obviously the one who gets in first will get best price. The last pays the equilibrium price. Same as Monero.
Bitcoin has indeed some network effect but I don't think it is unreachable. I have been talking almost all my friends about bitcoin and they are immediately associating it to Gox and bubble.
Gox can be easily explain but how do you convince them bitcoin is not in the bubble if it is in a bubble and as a result of that we see this long lasting bear market.
Monero has second mover advantage over bitcoin.
The Monero community consists mostly of long term bitcoiners and they have been growing up from wild teen agers to more mature people and are not throwing money like crazy into the coin. Therefore we might see more steady growth for Monero than we saw in with bitcoin. Monero may never go to the bubble but it might grow also nicely and very very long.
If it does this, it is 99.9999% sure Monero will gain mainstream acceptance. It will get many magnitudes larger network effect than bitcoin if the price just keeps pumping up, but not in immature way.
This is the very reason I hate when I am "forced" to speak bullish since it might create greed among the kids. The patience is the key here to success.
Monero should not limit itself to be .5-1 % niche coin (which it is currently).
The network effect is easy to create for Monero. It just needs a long lasting bull market.
But we'll never get closer to real-world adoption until we start thinking outside of our circle. Even the great Bitcoin isn't really doing that.