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I think that Bitcoin has, in the mean while, gained traders' confidence. Therefore, it is though to threaten Bitcoin's existence while it has polished up the market of digital decentralized payment system. The least effect that too many Altcoins can do is to denigrate the market coverage of Bitcoin for a certain period, but Bitcoin won't take a long to recover its market coverage.
Although too many Altcoins cannot become a threat to Bitcoin, it scams are a greater threat while the more there are scams in Bitcoin, the more traders will lose their confidence on Bitcoin. Therefore, it should be under shield to reduce scams and strengthen its market coverage. Taking steps to reduce the number of scams will popularize Bitcoin in a great extent. So, Bitcoin's future depends on the reduction of the number of scams that are causing people lose their confidence on Bitcoin.
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There are many possibilities for the part of Bitcoin to become mainstream in the next ten years. In fact, Bitcoin is on the way to be mainstream while people are rushing to know about Bitcoin although most of the people don't have any idea about Bitcoin. You know people are now eagerly involved in the digitalization and advancement of technologies, so they prefer digital and technology-based transaction to the manual one.
Besides, Bitcoin has already grasped the business world so cunningly that others are not still able to cover up the market. But, too many scams, that people are facing, are frustrating the Bitcoin platform. If scams aren't reduced by any means, they may become a great obstacle to make Bitcoin mainstream in the next ten years. To conclude, if think out of scams, it is not an obscure prediction that Bitcoin soon become mainstream.
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It's difficult to say whether other crypto can replace bitcoin or not while both of them have polished up a strong base in the market. Therefore, we can say, for sure, that there may not be any chances for the part of crypto to beat Bitcoin. However, as the future of the Bitcoin and Crypto market is all unknown, there may be change in the future, but it should not occur in the next ten or 15 years. Actually, they both have earned so established a foundation in the market that, probably none of them is capable of beating each other. If you come to know them, probably you must say so.
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I wont say whether crypto currency can succeed or not rather I would like to ask you why cryptocurrency won't succeed. In fact, it has already gained success and would see more successive future while people in this era prefer digital decentralized global payment system to manual payment system. In addition, you know cryptocurrencies have a strong security with the least difficulties of transaction of money. The provided words are reason of their success. Not only that, but the problems with crypto are being erased with excellency to ease the way of digital payment system for crypto.
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I think its natural in investment. People who cant know about crypto and without research they invest and get scrams thats why they leave this market. There is so many scammers they offer ICO with attractive profit people without investigate or without research on them they invest and get scrams.
There is so many scammers which makes it more difficult to find a good project. Investors are just afraid of being abandoned. There have fake and fraudulent projects, some projects use a fake document and some do not give a good token.
Some ICO prices are much higher then when the list is on the stock exchange but after that they cant reaches their goals and they scams. actually better to discuss how to find good ICO than this topic that you create OP another thing we see a lot of users, traders and investors here in forum like many campaigns running here so that's the example of many people that taking risk if the project is good enough for investment.
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There some altcoin are shams and they have no real life product except few. Cryptocurrency world is most competitive market there are so many altcoin doing their business but most of them become unsuccessful and wipe out from the market. most of all altcoin are worthless and really cannot do anything or solve a certain problem.
Only few coins have a real solution for a real problem and in addition most of the other's coin has little to no use cases. There is a logic that nobody can dominate any market or anyone can rule alone, as bitcoin cant rule alone. Because cannot be impossible to carry out the crypto market without altcoin. If Bitcoin survive then of course altcoin will survive because bitcoin need of altcoin if bitcoin wanted to survive. But its true all altcoin wont survive who has no good vision. All the altcoins targets are not the same.
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Checking bounty campaign needs a lot of efforts and research. We can get the idea about their bounty by researching about their project because if a project is legit then they will also offer legit bounty programsThere is no option to indentify the best ICO but research and gathers knowledge. If you dont want get scam you have to research. Its not easy to get scam by an ICO, before making decision to invest in ICO make sure that it has a good developer team and the project is good and realistic. For good ICO check this list Product how effective could it get in real time developer team how experience and their influence, carefully read whitepaper understand the business roll out process and 100% grammatically correct. Make sure that their team member expert on crypto currency. Checking the team member background. Browsing to find information about the opinions of people about ICO you want to follow. if many people give a positive impression then the ICO is good another this check out that their goal and vision. The goal should be achievable and not only be put in imagination. Make sure they have a reliable manager that is securing the funds with an escrow.
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I think that altcoins are already very important in the crypto world. Take for example the same Ethereum. As you rightly pointed out, alternative cryptocurrencies compete with Bitcoin and thus make it develop. It's hard to say whether a currency will be more important than the BTC. Bitcoin price is high everybody cant have enough money to buy bitcoin their first choice is altcoin or token. Sometimes they work as bounties so that he can earn some token and later he can exchanged with bitcoin.
Everybodys target is bitcoin thats way bitcoin price is high, Its quite impossible to replace altcoin instead of bitcoin. Do you think any mobile can replace instead of Iphone? It quite impossible. There has many mobile in the market but Iphone is exceptional thats why it took the market. Like this Bitcoin is the pioneer and till now have in leading position in cryptocurrency market, Last 9 years nobody can beat him. Altcoin would be as important but it would take time.
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Individuals make money in cryptocurrency in different ways some make money by providing value for others in exchange for cryptocurrency some are making money by work of bounty campaign and some others making money by illegal ways. Its depend upon you. There are many way to earn money. Your friend want get in crypto? then welcome. He can get into this business but before start this business he advice let the pay his debt. Because crypto market is no predictable and isnt sure success its high risk too invest. If he hasnt enough money to invest then he can work in bounty campaign, he can earn token then it can exchanged into bitcoin. If he participate in bounties or airdrops to gain free he needs to be patient because most of the bounties are takes 5-6 months or more. Perseverance and dedication can be rewarded soon because I believe it will happen soon.
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Economics is the integral part of life. Its began after birth. Its related our life. We use it consciously or unconsciously. But its not necessary to study economics at university, if we are conscious about business news paper, tv and some others media we can able to know about economics. In this people how many people study in economics but they are successful in economic sectors. But if you know economics then its your advantage. Finance helps us to spend our money in right way.
People who know finance he can understand about bond, stock, derivatives enormously especially the corporate finance. Economics is very important when it comes to money management and invests your money into the market. Until studying a course like economics not a lot of people are aware of how the world works, including industries, businesses and governments. Economics and crypto are different sectors if we have to survive in the crypto market then gaining some extensive knowledge is primary key.
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No one can tell you what will happen in future. If Bitcoin truly vanish then cryptocurrency will exits? Where every altcoin depend upon bitcoin price. Bitcoin was the first invented and pioneer in crypto currency world. Everybody follow bitcoin price. Almost 10 years have been past with leading position. Bitcoin is not depending on one investor that one investor wont invest then bitcoin will be vanishing not like that it has huge number of investors so there is no chance to vanish of bitcoin.
It growing and become stronger everyday even if the price doesnt show it at times only because it has lots and lots of investors small and major investors creating huge demand for bitcoin. Crypto market, which we know cant be exist without bitcoin. Can you imagine any recipe without salt? like this Bitcoin is main cryptocurrency, bitcoin is the foundation of all cryptocurrency the first decentralized digital currency.
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Patient is the primary key of success and any investment if you want to earn smart amount of profit you have wait with patient. If you havent enough patients then you should not come in crypto. Everyone cannot be patient enough to wait until market recover because that market look dumb now and many people are panic selling because they are scared of losing all their money.
Coin price is any time to up. So people buy coin at downtrend, People have many strategies, some bad people spread panic so that weak hearted people will sell their coin in low price then they will buy those at low price. If you want to make good profit then you have to wait as long till the price going high.
If you can not and or you havent faith on crypto then you should sell your coin or wait this year end what surprise waiting for us.
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Its not gambling its business and it good investment to return much. Crypto market always unpredictable. It's not stable not a second or hour, you can make your money double in a second and also you can lost your invested money. People who want quick profits need to invest huge money so that a small increase can get a lot of profit.
However such investment is high risk too. Crypto market closes enough to securities by its type. Who brave well to take the risk then he can earn huge profit as well as there is a big chance of decline your invested money. Only lucky people can make money in short time. Luck plays a vital role when coming to trading and earn profit.
There no one can predict the market what will happen tomorrow crypto is not getting rich quick. It is actually a serious sector that requires knowledge, learning, hard work and result before you could be Successful.
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