Why Bitcoin isn't the future!
Lets first be clear about something i do like and believe in cryptocurrency. The problem is the techonology behind Bitcoin but we will get to that in a minute. Lets compare telephones with cryptocurrencies. Nokia created a great phone around 2002, but within a couple of years the techonology was outdated. Techonology is advancing really fast and that is actually what is happening with Bitcoin. It is outdated!
Why is bitcoin outdated?
First things first Bitcoin was created in 2009 by satoshi nakomoto. 2009 is a really long time ago if you put this in perspective of techonology revolution. Would you buy a 9 year old computer if there are better alternatives? Exactly, so why would you invest in Bitcoin with the old technology behind it. There are so many better versions of bitcoin with better technology behind it. Bitcoin is a hype created by the mainstream media and it cleared the road for other currencies to grow. Recently everyone is buying a small amount of bitcoin just because of FOMO (Fear Of Missing Out). With this being said most people that buy bitcoin these days don't get what there is behind the coin. They don't understand the cryptos and just want to make some fast money.
These are most of my concerns and why i didn't bought bitcoin, but i did buy altcoins. For the simple fact i believe in the techonlogy. So i was gonna invest in this market i would sure as hell invest in the newest techonology.
Stay tuned to find out what my portfolio is!
Will also explain alot of cryptocurrencies!
Would like some discussion if you think i am wrong!