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RE: Can an Altcoin Become More Valuable than Bitcoin?

in #bitcoin8 years ago

Yes, I have a friend who tells me Bitcoin will always have 8-10x the value and acceptance of any altcoin due to network effects, power law distribution, and many other reasons. He might be right, and I'm ok with that. I don't have a belief about how things should go, I'm just working to observe what is going on so I can figure out what might happen in the future.

I'm definitely holding onto my Bitcoin, and my Dash as well. And I keep looking for other altcoins that might bring something special to the table. Also while realizing I've only looked at a small part of the altcoin world.

Hopefully by being in the mix, if something changes for the future outlook of any of the altcoins, or Bitcoin, even, it gives me enough of a warning to lighten up my position in the coin.

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