Long-term I agree. In the next few years I still see Bitcoin in the lead though. Only because so many new people entering the market and it's the easiest to buy and has name recognition.
Long-term I agree. In the next few years I still see Bitcoin in the lead though. Only because so many new people entering the market and it's the easiest to buy and has name recognition.
I don't see how new people will want to buy a $5000+ coin with such slow transactions and fees. Where's the utility?
Name recognition and past performance. Human psychokogy
True.
Most new people will buy to hold. If the majority of people know about cryptocurrency they usually only know about bitcoin. It's overvalued right now