/biz/ - Business & Finance

>>1900139
BTC has been benefiting from the network effect of having been first. I have always considered it a matter of time until some replacement asserts itself. I will admit I did not even suspect monero though until the past 6 months or so. I have been moving the majority of my BTC into a handful of promising alts for more than a year and this past six months or so (but especially the past two months) has been insanely profitable for me. Of the top 5 cryptos by market cap I have been accumulating all of them except for ripple (because who needs a centralized cryptocurrency anyway?) so the transfer away from BTC to alts has been very welcome to me.

But I agree, a full on floundering for BTC would be bad for everything. I would rather see a slow and steady decline for BTC while it was replaced by alts.