Past Present And Future Of Bitcoin
Bitcoin is currently number one cryptocurrency in the world by total market capitalization, I think #bitcoin is also most popular cryptocurrency in the world
Created in 2008 as a first #cryptocurrency in the world by using revolutionary blockchain technology, from day one Bitcoin is at number one position , in the start there is not much altcoins to compete with Bitcoin it helps Bitcoin to stay at number one position and after few years Bitcoin starts becoming popular day by day, due to the first mover advantage Bitcoin is still number one
Almost all cryptocurrency coins and tokens are capped with Bitcoin, when Bitcoin price goes up everything goes up when Bitcoin price goes down everything goes down, I don't like the dependace of altcoins on Bitcoin, I wish all altcoins should move and grow independently
I am not a big fan of Bitcoin its past is good, Bitcoin able to got a lot of attention from cryptocurrency investors around the world, even world’s most rich people are starts investing in Bitcoin like Elon musk, many institutions also invested in Bitcoin, mainstream media also focused on Bitcoin
Currently Bitcoin price is almost $47000 per coin, I can understand when people invested in Bitcoin they will become emotionally attached with it, all the time they read, heard and talked about Bitcoin on social media platforms that's why everyone wished Bitcoin cross 100K and 200K, but I don't think like that I don't like to follow the majority, I love to think independently
Mostly people think Bitcoin will stay at number one position forever I don't agree with them, I think it will be replaced by a better cryptocurrency and blockchain project, we currently have so many cryptocurrency projects which are better, faster and cheaper than the Bitcoin that's why there is no need to stick with Bitcoin, even Bitcoin past history is good and currently its preforming very well still I think it's not deserved to stay at number one position forever
Developments are happening in cryptocurrency and blockchain space very rapidly, there are so many projects which are going to surprise cryptocurrency users and investors, some of the cryptocurrency projects have capability to replace Bitcoin as an alternative
Let's see what happens I know mostly people will not agree with me, but I love to think independently and doing my own research before making any investment decision, I don't like to follow social media influencers and mainstream media blindly
I am repeating again even Bitcoin have good history and preforming well currently still I don't think it's deserved number one position forever, price and papularty is not everything, we should think what value and use case Bitcoin actually have and what benefits Bitcoin brings to overall society
The real change will only start when Bitcoin dominaance goes down and a better cryptocurrency and blockchain project become able to replace from it from number one position forever, if Bitcoin replced then all cryptocurrency market will shaken and all pump and dump useless artificially hyped cryptocurrency projects will become history forever, only real cryptocurrency and blockchain projects will able to stay here and that day will be remembered as a historicall day in cryptocurrency and blockchain history
Thanks for reading 🤝🏼
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