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Author Topic: People will choose bitcoins more if the number of cryptocurrency option is less.  (Read 564 times)
Lanatsa
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February 16, 2023, 09:37:47 PM
 #101

I felt like seeing a movie and opened my streaming app (Netflix) to make a selection of a movie to see and I became confused which to select because of the many choices that I saw. I immediately had this thought that it is the same way people who have the interest of investing in cryptocurrency become confused the one to invest in when they find out that there is bitcoin and many other altcoins. Many people become confused and make mistakes because of the many options they have in cryptocurrency, they fail to invest in bitcoins because they think that there are many other very good options. Do you agree that more people will choose to invest in bitcoins if there were not so many cryptocurrency choices although not all are good?
Would literally be yes if there are no other options on which people would be sticking into Bitcoin but its inevitable that there would be always that someone who would really be considering on creating something new basing up into that specially if they do see that the main or original one do really get that huge support.

They would be normally be creating much more better and something that they could really say that it would really be able to snatch up some marketshare and would be making money for its developers.
Competition is really there but there's nothing to worry because even how many coins that we do have in the market but still Bitcoin do get the outmost support and the largest community among them all.
It cant be beat up so easily.

R


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February 16, 2023, 09:41:35 PM
 #102

I felt like seeing a movie and opened my streaming app (Netflix) to make a selection of a movie to see and I became confused which to select because of the many choices that I saw. I immediately had this thought that it is the same way people who have the interest of investing in cryptocurrency become confused the one to invest in when they find out that there is bitcoin and many other altcoins. Many people become confused and make mistakes because of the many options they have in cryptocurrency, they fail to invest in bitcoins because they think that there are many other very good options. Do you agree that more people will choose to invest in bitcoins if there were not so many cryptocurrency choices although not all are good?
I have to disagree about that since we all know that bitcoin is the driving force of crypto so it’s a given fact that wise investors will always chase for bitcoin no matter what. Those altcoins are just cloned from the image of bitcoin so if you are here to invest for maximum profits, then you should prioritize investing in bitcoin rather than trying your luck in altcoins.

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