Bitcoin is like Myspace - and will be abandoned like Myspace

[mu_enrico]

That is correct - no coin will. That is also why people who say the "diversify" by buying altcoins are deluding themselves.

I wonder what's in your portfolio dude?
Stock, gold, and fiat?

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[Kotone]

Myspace had 500 million users who believed in it. Their belief drive the value up.

Then came facebook - and Myspace was totally abandoned and the value of the "belief" dropped like a stone

Bitcoin is the same - when something better comes around, belief will crumble and Bitcoin will be abandoned like Myspace and investors will have zero value. And Bitcoin will indeed be abandoned as it has again and again proven itself completely useless for large-scale practical applications.

Everyone does know that bitcoin though it is at the top of the cruptocurrency market that it can still be overtaken at some point. However, as of now the only thing that comes close is still far off and that is saying a lot. Yes, bitcoin might be overtaken but I don’t see anything wrong on continuing to inves on it as the saying goes we should strike while the iron is hot and nothing is kore hotter now than bitcoin and if we keep it that way we can continue to do this

[feiss]

Bitcoin as a peer to peer network is hard to bring down. As long as people are willing to use it, bitcoin is staying for good. We should remember that it is only in its early stages of development and there is an increasing number of people getting involved in it. Bitcoin, being open source adds flexibility to the system. I think the concept of cryptocurrency in general, will never be abandoned. I believe that bitcoin will only pave the way to a much more advanced medium of exchange that the future society needs.  

[asus09]

Myspace had 500 million users who believed in it. Their belief drive the value up.

Then came facebook - and Myspace was totally abandoned and the value of the "belief" dropped like a stone

Bitcoin is the same - when something better comes around, belief will crumble and Bitcoin will be abandoned like Myspace and investors will have zero value. And Bitcoin will indeed be abandoned as it has again and again proven itself completely useless for large-scale practical applications.

then ? what do you think is right? we all know, anything created by humans can all be destroyed at any time. true bitcoin can be replaced with a better future in the future. but in fact, until now bitcoin has survived for more than a decade and continues to grow. this proves that bitcoin can not be considered as simple as that you say.

[Roboabhishek]

when if something better comes around

Fixed it for you. So far Bitcoin is leading the adoption and development race and is much closer to have a solution to scaling issues than any of its competitors. If someone does invent some snazzy new idea, it also has the best developers to implement it first. So the risk of Bitcoin being supplanted is quite remote.

I haven't seen you around for a while but I see you finally got around to deleting the old posts from whoever owned that account before you. You're still stuck with the name despite not having their interest in the freight business.  

Nothing is going to last forever, eventually, Google might die down. But in my belief, it will be a long time, because if the differences it has made in many peoples lives.
It still has much more potential to grow as companies and governments are just starting to accept the fact that this is the future of the world and they need to embrace it early on.

[Heartbreakeren]

The death of bitcoin has been predicted countless times over the past several years. And yet it keeps rising again and again, showing strength. And besides, consumer is king. It is the consumer who will continue to keep bitcoin thriving.

[w5pn73]

You sound like one of those people in the 90's claiming the internet was just a fad and would soon disappear.

[freightjoe]

You sound like one of those people in the 90's claiming the internet was just a fad and would soon disappear.

No, internet is fine, but Myspace was a product (or investment object) that failed. Blockchain is a fine technology, but Bitcoin is also just a product/investment object that will fail.