Quote:
Originally Posted by dino7c
Bitcoin is to store value (gold comparisons)
Ethereum/ADA are potential everyday use coins
BTC will be the most valuable and stable though...sort term the other two are going to net larger returns though. Ether is taking off IMO
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The problem Bitcoin faces as a store of value (along with there being so many substitutes) is that it is vulnerable to hackers. And as such, Bitcoin will only remain as a store of value until another crypto that is safer, replaces it.
The fundamental problem with individual cryptos, is that they can be replaced by a newer and better crypto.
And while there is a 'stickiness' to the demand for those that are already being used (like Bitcoin), the problem they face is that their own success results in them becoming increasing expensive, which pushes that demand to cheaper (and better) replacements