Again and again noise.cash users ask me - how will the price of Bitcoin BTC or Bitcoin Cash BCH develop. I have only one answer: I don't know. Certainly not in the short term. The only thing I am pretty convinced of is that the BTC price will fall in the long term and the coin will lose its leading role in the medium and long term. It will remain insignificant in the long run. Maybe another coin will take over that role (maybe ETH?). Maybe at some point, several coins will be relatively equivalent. The future will show. But I always repeat: only coins that develop, that become technically better and better, will prevail and because BTC does not, it will lose its supremacy. The coins are at the beginning of the crypto age, like the cars at the beginning of motorisation. BTC is like the Ford-T from the last century. Back then everybody (who had enough money) had a Ford-T, today nobody has it. Nobody would drive such an outdated car today. The only people who find it interesting are the collectors. It will be the same with Bitcoin BTC. Today we are in a situation where Ford-T (i.e BTC) is best known and many people still have Ford-T, think it is very good and hope to do well with it in the future, but more and more people are buying newer, better cars (other coins). The better cars overtake the worse ones sooner or later. #BTC
5 comments
BTC is digital gold and bch is people's coin in terms of cheaper transactions
Read my article and think https://read.cash/@Telesfor/is-bitcoin-btc-a-digital-gold-f427d899
ok telesfor
I agree with your opinion of BTC falling in the long run as the technology that will be using crypto will surely require much more than what BtC is right now. When will this actually happen? I think we are a long time from there
Experts warn that cryptocurrencies would continue to fall in the short term, although they remain optimistic about a subsequent recovery. The strong restrictions imposed by China are some of the factors why the prices of Bitcoin and other cryptos collapsed and have been struggling to regain previous all-time highs above $ 60,000 per unit.