Bitcoin Is Worthless and the Bubble Will Pop Soon, Says Global Investing Firm
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Will EOS be the end of Ethereum? If Ethereum and Bitcoin can potentially be replaced this easily you could argue that every cryptocurrency is ultimately worthless, they are not unique and can be replaced by a new superior coin or token at any time. The continued release bitcoin will be worthless numerous altcoins will continue to dilute the market and the only winners may be the traders, holders could lose out? There is no denying that money can be made trading these coins and tokens, but it is starting to look like none of them has longer term value as there is always a superior coin or token waiting to be released.
I am starting to doubt my ten year plan to just hold them. Anyone else starting to think the same? You are missing the point of Crypto.
It is not designed to simply beheld in a wallet but to be used. Whilst it is possible for websites etc to accept alts, it involves more work, configuration, hassle etc for the site owner.
New apps may well choose EOS but as its not going to be launched for a year, I don't see that as an immediate threat. Longer term I'm not so sure as conceptually it looks great!
I agree with you about the designbut in reality Bitcoin is being used as a store of value by many. Bitcoin will be worthless is currently flawed by transaction speed etc and widespread adaption is not really possible. In reality a superior coin is needed for day bitcoin will be worthless day transactions.
If it is a store of value, why does it need a high capacity? Other stores of value do not? And I don't see that a different coin is needed for mass adoption, a revised bitcoin may suffice. However, it needs to ensure it does not sacrifice security for capacity. If crypto is to be adopted more widely, it cannot constantly fork and adopt new 'best' coins! If we thow this away we may as well start over.
That is really what I am saying, the value of Bitcoin should be that it is a Bitcoin, but so many already unhappy with transaction bitcoin will be worthless etc and looking for the next best thing, but this will never end. You have completed some achievement on Steemit and have been rewarded with new badge s:.
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