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RE: Is BTC Dead?? | ETC Airdrop CLO coin | More Countries want Crypto
Bitcoin is far from dead and in my opinion just really getting started! Gonna be an interesting next few years, even if prices fall dramatically for the rest of this year. I would like to see prices drop hard for the next 6-12 months so I can aggressively allocate in. I first heard about Bitcoin in 2011 from Max Keiser. I unfortunately only invested at the end of last year for the first time. I’ve got some more dry powder and want to get in before prices really do their thing!! Lol Thanks for the post!!
The question of Bitcoin being dead or not is hilarious and is a great indicator of how fast blockchain technology is moving. The majority of the world doesn't even know about, understand or trust Bitcoin.
We advanced blockchain users know that Bitcoin is the worst coin from a technical standpoint. Basically all blockchains took Bitcoin and upgraded it. If you ask one of us we'll say that Bitcoin is dead. However, Bitcoin is still the face of cryptocurrency to the general public. It's main value is creating a gateway from fiat currency to crypto. In essence, Bitcoin's greatest value is simply brand identification. We see this and say, "Bitcoin is dead."
However, brand identification is insanely important at a time like this where cryptocurrency is on the fringe and not mainstream. Bitcoin won't die until blockchain technology permeates society.
Yeah! It’s easy for us to know that Bitcoin is ancient in terms of blockchain, but the fact that it was the first and like you said the most recognizable from a branding standpoint means that it no where near dead! We’ve got a ways to go for sure!!