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      "author": "baileyhaldwin",
      "body": "Nice post.\ngood points and good overall writing, made me rethink trading my btc to altcoins :)",
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      "author": "baileyhaldwin",
      "body": "I'm sold. Call me a dreamer, but i believe, that blockchain technology will take over our current currency system, in one form or the other. So far we have seen certain cryptocurrencies provide very high interest rates for its holders, without causing inflation (here im refering to PoS cryptos like ARK or NEO). We have seen faster transactions than previously seen. If you where to transfer money to a foreign bank-account, it could typically take several days, where with blockchain it can be done within hours with some cryptos even minutes.\n\nThe blockchain technology is very very new, and it will take a lot of time for our society to adapt to this technology, and yet we have not even seen the tip of the iceberg yet. To me it's important that the frontrunner, for this technology fulfills certain requirements regarding security, transaction speed/transaction fees and an easy-to-use platform.\n\nYesterday i wrote a post about how too many people buy into bitcoin, without knowing about the technology and just sees it as a lucrative investment, which is concerning to me. (https://steemit.com/bitcoin/@baileyhaldwin/the-bitcoin-rollercoaster).\n\nThough it may be a strange metaphor, i very much see Bitcoin versus altcoins as VHS versus Betamax. A lot of altcoins have at least one if not several advantages over bitcoin, yet bitcoin is still the frontrunner for all cryptocurrency, because it was here first. \n\nLet's compare Bitcoin to Litecoin, which is the fourth biggest crypocurrency at the moment with a market cap of 19,824,329,951 (where bitcoin sits at 318,477,868,091)![Steemit post.png](https://steemitimages.com/DQmdNRedk7NtXn6nTMAcBCgyat9xipii4BUgNczTMD99ZdM/Steemit%20post.png)\n(Here we see the Bitcoin fee, along with Ethereum fee, and Litecoin fee, over the latest year or so).\n\nLitecoin in regards to bitcoin has a lower and more stable fee,  faster transaction time, Litecoin is easier to adapt to applications and easier to use on different platforms.\n\nWhen Litecoin beats bitcoin on so many parameters, how come bitcoin is still leading the crypto-race?\n\nMost people have never even heard of Litecoin and doesn't know it's full potential, many people see Bitcoin as a lucrative investment and  not for it's potential, yet when many altcoins are outperforming bitcoins, i think it will be a matter of time before they overcome Bitcoin. Don't worry if you are a Bitcoin holder (like myself), Bitcoin will continue to be the  Alpha Omega of crypto-trading, since buying most altcoins require Bitcoin. However over time i believe, that several altcoins will overtake Bitcoin's place, as we see an overall adaption of blockchain technology in our society.",
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      "body": "You could very well be right on that, but manaro has already proven itself to be a very big player already.",
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      "author": "baileyhaldwin",
      "body": "Good post. I truly believe, that Mr. Macafee is simply coming with these remarks in order to increment the value of his own investments. Thoughts on this?",
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      "author": "baileyhaldwin",
      "body": "Thank you. This is my first post here. For any feedback please let me know :)",
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      "body": "So as most people know, bitcoin has been the latest mainstream topic pretty much everywhere lately. We are hearing about bitcoin being a pyramid-scheme, bitcoin going up near 100,000$, bitcoin futures, and for each minute the hype gets bigger and bigger. \n\nI myself own a bit of bitcoin which i occasionally trade to different altcoins, which i find interesting. Usually it is because i find the technology astonishing or i believe in the certain altcoins platform. And with the recent rise of bitcoin and altcoins in general, it seems many people get the impression, that bitcoin is the one lucrative investment we all have been waiting for. Your mom, your dad, your neighbor, your doctor, everybody seems to want in on this amazing investment, which is skyrocketing to the moon, like never seen before. \n\nAs a big fan of the blockchain technology i think its great, how many people are noticing bitcoin, however it might be for all the wrong reasons. Previously people who invested in bitcoin, saw the potential, of bitcoin. How it could become a digital currency, and how it in many ways could change the way, the traditional currency system works. Blockchain is still at a very early stage, and this proves a lot of potential for the blockchain technology, seeing how it has exploded exponentially. \n\nWhen people see bitcoin for its lucrative rise, and not for its technological potential, it begins to worry me. People who have done no research at all jumps on the wave, which pumps up the value to unrealistic heights.  \n\nPeople are taking high rent mortgages in their houses, cars and other valuable personal belongings, just to try to jump in on bitcoin. The most concerning thing about this is that the gap between value and price are increasing by the hour.  This is concerning to many, but the consequensces are yet unknown. \n\nNobody knows if the price is going up, down, left, right doing a loop, or what is going to happen, however; one thing to notice, is to be extremely cautious, like many other people i suggest, that you only invest, what you can afford to lose. Over time the crypto-market will adapt to this sudden rise, and the hype will eventually fade. Nobody can predict the future of bitcoin, but one thing is for sure, we are in for a ride.",
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