Cryptocurrencies arose due to the vision of one or a group of people, 11 years later it is still not known so we can take it for granted that we will never know for sure. If Bitcoin emerged as an academic or personal project, as a hobby or something serious, as a social experiment or with the goal of becoming the world's financial standard; honestly it doesn't matter anymore.
The truth is that it has become an increasingly used, more popular and more stable value standard. Although it has had competition in the form of Altcoins (either based on it or created from scratch) it continues to maintain the privilege and the leadership among all of them.
This position of strength over the rest is given by the fact that it was the first cryptocurrency to be created, which has given it a kind of romantic vision in people. And it has turned in the minds of crypto enthusiasts into a kind of digital gold. But until when will this last?
In a cold analysis of Bitcoin and the rest of the cryptocurrencies, several projects can be highlighted that despite having less value or market capitalization, have advantages or more favorable technological conditions for the user. So it is logical to think that some of these projects could surpass Bitcoin in the near future. That said, why does no one or almost no one doubt that BTC will continue to be the spearhead of cryptocurrencies?
Obviously it is due, as we had said before, to the vision that general users of cryptocurrencies have about bitcoin and they give it a job as a safe reserve or long-term investment against inflation.
And truth be told, the more people look for it and keep it in their wallets, the less availability of BTC there will be and the greater demand there will be, causing its continuous price rise. But cryptocurrencies in general are facing a bigger problem today and depending on how people feel and how they face it, it can be either strengthening or the end. This problem is the whales and the big companies that are investing billions of dollars.
This is a problem because they can manipulate the market very easily, as they do in the traditional market, and it is one of the things that was originally intended to avoid Bitcoin. An example of this can be seen when a few weeks ago TESLA invested in the purchase of Bitcoin; causing an increase in its value. Basically everyone was or is happy but what do you think will happen if TESLA decides to sell all those bitcoins? Yes, their price will collapse and that is the problem, that if they wanted to they can move the price of cryptocurrencies, whatever it is, to their own interest, in a classic pump and dump that would leave many normal users in red and them in green .
Since there is no way to prevent this from happening, we can only protect ourselves in a way that affects us as little as possible and in order to protect ourselves, the first thing we have to do is diversify. Distribute our assets between 3 and 10 different cryptocurrencies, in which we have confidence and faith in the future project that they present.
Some good options are $BTC, $BCH, $LTC, $TRX, $USDT; But the right thing to do would be to investigate for yourself and decide which one to invest in.
The other way to protect ourselves is not to put all of our income in crypto, but only what you can afford to lose without compromising your financial stability.
Another problem that will begin to affect cryptocurrencies in the near future (it is not yet known to what extent) is their regulation and centralization by national governments. And it is something curious because decentralization is one of the pillars of Bitcoin and most of the Altcoins. Well, yes, governments are implementing mechanisms and laws to control, regulate and de-anonymize the use of cryptocurrencies. Regardless of the greater or lesser success of the states in this endeavor, it is up to us as holders of cryptocurrencies to implement or not, replicas against these measures.
Despite all this, many of us are clear that cryptocurrencies are the present and we must immerse ourselves more and more in the knowledge and use of the technologies that sustain them.