[2019-03-28] The Economist: Bitcoin revival unlikely....

[webtricks]

The Bitcoin price has had bubbles and crashes many times over the last 8.5 years and will continue to do that over the next 100 years.

True! It isn't limited to Bitcoin only but everything in the world when attracts attention of large number of people end up worse when interest of people is over. Bitcoin if we compare over the period of 9 years has been the highest grown investment. But when everyone tried to step on ship, ship first sailed wonderfully and gave more than expected returns but as the number kept growing, ship started deteriorating. But it isn't one time. The interest of public keep coming and going. This is the main reason of bullish and bearish run! So it isn't over for btc yet but at the same time it doesn't mean that btc won't collapse again like 2018.

[Betwrong]

~
@Betwrong. In your fictional example no one wants to hold the other coin. That is not what occurs in our world, however.
~

If you want to say that there are people who don't mind holding other than Bitcoin cryptos, of course you are right in that, but I'm talking about the vast majority of business people. The reality is that the vast majority wouldn't accept any crypto as payment for their goods or services, and those of them who would, surely would prioritize Bitcoin over all other cryptos. I'm not talking about crypto oriented folks, I'm talking about all people in general, because I think we should pay more attention to them if we want wider adoption.