Bitcoin will eventually become useless ? 🥺
Ever thought about how long BTC can maintain its dominance and when it will be replaced by other coins?
Bitcoin is the absolute king among cryptocurrencies - no question. But where there is a lot of sunshine, there is also some shade. Looking at its “inner values”, it has made crypto socially acceptable, but in the long term it has of course also paved the way for coins that are more powerful, faster, more sophisticated, more user-friendly, designed for more specific applications, etc. These will, as things stand, be replaced by other coins. These will, according to the course of time and based on our progress (we get rid of outdated technologies, develop and push new ones, and profit from them), ONE DAY gain the upper hand and make Bitcoin obsolete
Why is this fact and circumstance so important, and why am I writing about it today?
First, let's all keep in mind that risk management has a huge weighting in this market, which brings me to the side topic of “holding long (HODL)” of SPOT. Let me clear something up: even holding long is not risk-free, as many are propagating here!!! The current price gains are of course based on investor speculation, however small or large it may be, and at some point the end of the line will be reached. The BTC will be extraordinarily overbought, the replacement by ALT coins inevitable, and the investors who join in the last months of the LAST trend of the BTC will be left sitting on the so popular BTC HODL mountains
And now to the heart of the article: When will the time come? When will BTC be too expensive, too slow and inflexible... too lacklustre?
Check out my next feed! To be continued in a few minutes...
Your T4P - T(rade)4(for)P(rofit)
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Personal opinion. Not financial advice. DYOR
