Re:Bitcoin Is Near All-Time Highs and the Mainstream Doesn't...
by jfengel on Wednesday November 25, 2020 @12:09PM
(#25211479)
I believe that altcoins are the reason people don't trust it. They don't see the difference between BTC and altcoins -- they're all altcoins.
Maybe the system will stabilize on those top 10 coins, and the others will fade out or become irrelevant. But I don't see any particular reason why they would. Most of those 10 ten coins were created in the last three years, and could easily be displaced.
BTC is the granddaddy and could yet be the foundation of a stable basis. But it has enough problems that competitors keep arising, and that makes me skeptical.
Maybe the system will stabilize on those top 10 coins, and the others will fade out or become irrelevant. But I don't see any particular reason why they would. Most of those 10 ten coins were created in the last three years, and could easily be displaced.
BTC is the granddaddy and could yet be the foundation of a stable basis. But it has enough problems that competitors keep arising, and that makes me skeptical.