Yes this is very interesting what you say here " Thus, people will flock to it on speculation". Here's part of the issue i find with bitcoin and it's network effect. We go back to 2009 bitcoin whitepaper explains it as what would seem to be a currency. Venture capitalist and business people need to find a way to make money from this thing. It becomes a store of value.

The problem is was it designed to be a store of value or the currency like product some believe it was. Digital internet money etc., Let's say it evolved sure.. it works great as a store of value. Let's call it an accidental happening as how the whitepaper explains it seems a bit different and hindsight is 20/20. Fine it works sure but does it work to the most efficient model it can seeing that the idea of bitcoin is don't build on it or change anything etc.,

Why wouldn't it be easier to just design a product from the inception that does store of value better? So i think that's what some products have started to do. Going back to network effect of about 50 million users.. Not bad but i wouldn't call it that great after a decade for a network to the potential of what blockchain tech can do.

The other part is btc as it were and what it does only in the store of value department already has a great deal of mass. So yes it sounds pretty good in idea for btc to go from 10k to 15k and increase over 50%. Howerver this is quite achievable in traditional investing and btc it gets great deal more difficult to do that. I gather btc won't be able to hold $30k yet alone 100k or 200k i just can't conceive that will happen and hold.

The other part of the btc romanticism. I'm not hating on btc i'm just trying to be as thorough and practical about it as realistically and conceivably possible for me. That btc somehow is representative of money of the people. I don't think it stop being that long ago when the mining operations were pretty much taken over by large mining data centers and companies like grayscale control over 2%.. global wide institutions control upwards to combined 5% and they are still eating up bitcoin like skittles. So what happens next do they control north of 10% .. no idea but i don't like that idea and i don't see why others would as well.

Ethereum is challenged by products like Polkadot and the concern if ethereum can scale. It's certainly a developers tool and absolutely not a tool for the masses of people. I think the wallets are horrible i have more trouble with them than it's worth sometimes. Ethereum as it changes it structure Ethereum 2.0 may change and become scalable. I do see a much greater use for ethereum than bitcoin. For example i could see the importants of legal smart contracts being very important.

I think bitcoin is sad to say severely overrated. it's best use is buying altcoins. That it's only saving grace in my opinion. It doesn't really do anything successfully it sought out to do originally or now in idea. I do also feel bitcoin could make sense as a well branded gimmick of a rebate coin. My project is tapping into the power of the rebate coin and i think that makes sense. That people won't be investing directly into cryptocurrency however they may use it to preserve or store wealth on products they already purchase now everyday anyway. Similar to what lolli has done. Although i came up with the idea almost 2 years before lolli launched and we were doing it. The problem is Bitcoin.. for me to invest 15k in bitcoin right now in hopes that maybe it does 100% goes all the way to 30k usd. I just besides it being the focus right now of institutions.. I don't feel secure in that in that i could see institutions easily moving into something else. They often times will have several cryptos and there is talk of new algos that may replace pow and pos.. So i just don't feel very confident about that future. if it's going to just be about price and speculation. The mass of btc wouldn't it just make sense to invest in a new emerging crypto product that can 10x . .maybe its at a few pennies or so. I just have trouble thinking buying a $15k btc would make alot of sense for me. However maybe i'm missing something and it's a shortcoming of mines .. it certainly is interesting to watch it.

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