Bitcoin was the first real technological breakthrough that allowed decentralisation of value transfers (something that cannot be double spent) over the internet.
That's something big.
BUT it is such a broken down mess that it won't be the future of decentralised technologies.
Probably something else will.
BTC and blockchain fuck ups:
1) slow transactions (how can BTC replace cash if it takes one fucking hour to buy a cup of coffee? and no, accepting 0 confirmation transactions requires trust, kinda defies the whole purpose of using BTC doesn't it?)
2) mining centralisation and 51% attacks
3) transactions fees will need to be raised by a lot as block reward approaches 0
4) ridiculous uncontrolled inflation (14% a year currently, more than 3'000 BTCs mined a day)
5) scalability and blockchain bloat
6) You cannot put any other currency in the network
7) future quantum computers could easily break encryption
With these serious problems BTC cannot be a viable currency long term.
BTC pumped a gazillionX when marketcap was so tiny that it only took a bunch of joker millionaires to pump it (then irrational euphoria did the rest).
It was an incredible investment at less than 1$. It was a very good investment at $10. At $100 definitely not bad.
But at $1000 or at $500... not so much (unless you knew how to short the market, in that case you did amazingly well eheh
)
Now that the problems with BTC and the blockchain are becoming apparent, now that other solutions are appearing, and now that the marketcap is too big for current inexistent demand, BTC might be toast.
I will probably buy BTC when I think a big bounce is coming (just to sell higher), but I don't think it is safe to expect another bull market (not something that can last anyway).
If not Ripple, something similar will be the future, not BTC.
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