At present ,more and more electronic currency imitates bitcoin ,maybe several hundred kinds .Also ,many investors join in hyping competitive coin .To us ,how to treat competitive coin ?How to realize the relationship between bitcoin and competitive coin ?What is competitive coin future ?
1.Competitive coin production is reasonable .Market economy tells us that competitors can promote development .Bitcoin also need competitors .Pursuit profit may produce copiers or competitors .Now that bitcoin is able to be accredited ,why cant other competitive coin ?Moreover ,copying bitcoin is easy ,including its technology and cost .
2.Competitive coin enjoys rallying point to some extent .With high increase amount and cost ,less new investors dare to buy bitcoin .But knowing bitcoin success ,some investors choose to buy competitive coin .And some investors exit for making money in bitcoin .But they don’t want to buy bitcoin with high price ,so they invest competitive coin .Some investors also hype competitive coin specially .
3.Maybe other competitive coin gets success .Digital currency is a newly goods .It is on experiencing stage .But the innovation attracts more attention .As leader ,though bitcoin gets success ,it doesn’t enjoy large scale and wide market .
4.The possibility beyond bitcoin is small .First ,bitcoin top status is stable with better ecological atmosphere .Second ,mostly competitive coin imitates bitcoin with little innovation .Third ,bitcoin is able to evolute .
5.Much competitive coin will be phased out .We can see on the jungle rule .
6.Pursuit bitcoin developing trend closely .In spite of five –year history ,bitcoin future development is big with big change and unclear development regulation .At present ,bitcoin investors are still the earliest investors ,who enjoy more opportunities to share bitcoin success .So bitcoin fans should pursuit bitcoin developing trend closely and catch the opportunities in time .
7.Some suggestions on digital currency investment .(1)Guarantee bitcoin existence .If bitcoin dies ,other competitive coin will be difficult to exist .(2)choose competitive coin carefully ,including its safety ,mining and ecological atmosphere .
Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it.
