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I don`t think bitcoin can be outdated by another currency because almost everyone who enters cryptocurrency has known bitcoin first and bought bitcoin first than altcoins, and I think that it will always be the case because bitcoin is always the front-man of cryptocurrency. So the high demand of people for bitcoin who are entering cryptocurrency will always be there.
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Gold and silver have always been the basis of price and wealth, as we know that the use of gold and silver has been done for thousands of years ago so buying gold and silver is a good and profitable thing.
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I get your point that a currency with volatility is not suitable as a currency for our daily needs. Yes it doesn't affect the price of the item you bought when the Bitcoin price goes down but then the profitability of the items will decrease since the merchants are also using Bitcoin to buy the things they sell.
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I think that every person should learn the basics of trading if he or she wants to succeed in life because the cryptocurrency is very popular now, it is our future and we should learn its basics.
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I think that this is not a real explanation but it's kinda good if you need something to believe in and to calm yourself. We're still not very aware of how this field works to say something like this.
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Governments think that every new thing in the world is a threat to them. I will never understand this. Anyway, governments can do some regulations about BTC or crypto but i don’t know if it changes anything.
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I agree with many guys, I personally never guess what will happen to the course bitcoin, bitcoin is very unstable, and it's hard to guess what the price will be, it depends very much on the news. It also depends very much on how big players will behave themselves, they will buy or sell a large volume.
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I think they are not foolish because investing in bitcoin is smart choice and they're thinking about their future investing bitcoin is make your wealth and become rich someday because bitcoin is very profitable.
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I think the government is going to control the money market encryption. Government policies and regulations will impact the value of crypto. Many governments have issued strict laws and have constrained the development of coins.
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I think the digital currency showcase is at a beginning period, the world will require more opportunity to truly acknowledge the crypto. Bitcoin and numerous cryptographic forms of money will steadily supplant cash fiat yet not currently.
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As we all know that bitcoin and cryptocurrency as a whole is decentralized and not easy to be controlled by anyone, the ban will only reduce investors participant but cant stop people from trading BTC since its decentralized.
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It now seems that the topic of Bitcoin being replaced no longer needs further discussion. All coins are based on Bitcoin during the development of the encryption industry, although an ecology as powerful as ETH is unlikely to replace Bitcoin.
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I think removing bitcoin in our lives is the worst thing I have done. Bitcoin has provided many opportunities and benefits, so if I ignore it then what about my life. I can never ignore it and delete it in my life because bitcoin means a lot to me.
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Bitcoin will not disappear, on the contrary, with effective regulation and that does not inhibit the development of projects and the entry of new investors, it will become a reserve of value as or more interesting than gold.
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I knew about bitcoin in 2010, but I was sure it would flop, so I didn't care. Also not keeping the ones I bought when the price was 400$. And now I regret I gambled them away.
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