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RE: Is Bitcoin Losing The Mojo?????
IMO Bitcoin's value comes from brand recognition because it was the original blockchain. I look forward to the day when there is no such thing as "Bitcoin Dominance"
IMO Bitcoin's value comes from brand recognition because it was the original blockchain. I look forward to the day when there is no such thing as "Bitcoin Dominance"
It is mainly the name, and that is very important because many people who are just starting out in the market, only know Bitcoin, and therefore invest their capital in it, it is practically the main form of capital input to the market.
While Bitcoin remains being the core of the market, then there will be no true decentralization.
The other factor Bitcoin has is liquidity for big players.
Someone is not going to dump $50M in STEEM with only a $1B market cap...they can do that with BTC and still be able to get out if need be.