The evolution of bitcoin ! by clixmoney

View this thread on steempeak.com
· @clixmoney ·
$2.87
The evolution of bitcoin !
![bitcoin-2643159_1280.jpg](https://images.hive.blog/DQmSVtrRWQRvsL7uDGRmk4uHCYgwRmeLHaUomKHLfMgTCUM/bitcoin-2643159_1280.jpg)

*Bitcoin is a very interesting cryptocurrency. We could consider it money, even an asset and the main crypto for now.*

When bitcoin was created, we had so many scams created on the web and people didn't trust it that much. They thought it's another promoted thing to push the interest of a group of people. But it went to something else. It was created to free people from the monetary system set by governments. To make it anonymous, so it protects the privacy. But it needed miners and that make a bit vulnerable, because who control miners can control bitcoin. That's why some people still don't think it's completely decentralized. As well the wallet can be tracked on the blockchain, what make it hard to make it completely private if the address is exposed to the world. Otherwise, if a trader or an investor wants to transfer it, it's always possible to do that through other crypto to not be exposed. 

But being the main crypto in most exchanges and being the first hyped crypto, it's always leading in terms of the price and market capitalization. And I don't think that it will lose the position in a short term, because a lot of money is already invested in it. But talking about the long term, I don't think it will stand there forever, because there are so many cryptocurrencies with the same characteristics but much more and maybe better use cases. Despite bitcoin being the most expensive cryptocurrency, it losing it dominance in the crypto world. Check the following chart to be sure about that : 

![cooltext395495213708350.png](https://images.hive.blog/DQmUj7CjXVz4CDAUdAsXju9JLxn5Ar16Qy2KLa8o7rsWxEm/cooltext395495213708350.png)

###### [source](https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/)

----

As you see the dominance is less than 50% now. And notice that I'm looking at all time chart. That's why I'm not that positive about the long term. I mean 10 years and even more. Maybe in the future we may see the big reverse and all other cryptocurrencies will grow like crazy in the price. After all, most of us here know how to earn them, and there are a lot who are holding alts because they missed buying a lot of bitcoin when it was very cheap. 

Don't take for granted. I'm was always positive about bitcoin. I even wrote that it may cost $1 million, and I still think so. But when I look at facts and things that are created on the top of other cryptocurrencies, I feel otherwise. I could be mistaken, but I'm letting the constructive criticism taking its part. After all, we don't even know what will happen in this magic crypto world. When a meme coin like Dogecoin did so much noise, and very noisy crypto just despair from the arena. It's really hard to predict.  

*That's why we just have to keep holding the cryptocurrencies we love. And one of them will moon for sure.*

#### Let be positive, keep earning and holding. We all will have great future with crypto anyway. ☺ 

-----

> [Picture sourse](https://pixabay.com/photos/bitcoin-cryptocurrency-currency-2643159/). : Free for commercial use. No attribution required.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 162 others
👎  ,
properties (23)
post_id94,939,331
authorclixmoney
permlinkthe-evolution-of-bitcoin
categoryhive-175254
json_metadata{"tags":["bitcoin","btc","crypto","cryptocurrency","investment","future","lbry"],"image":["https:\/\/images.hive.blog\/DQmSVtrRWQRvsL7uDGRmk4uHCYgwRmeLHaUomKHLfMgTCUM\/bitcoin-2643159_1280.jpg","https:\/\/images.hive.blog\/DQmUj7CjXVz4CDAUdAsXju9JLxn5Ar16Qy2KLa8o7rsWxEm\/cooltext395495213708350.png"],"links":["https:\/\/www.tradingview.com\/symbols\/CRYPTOCAP-BTC.D\/","https:\/\/pixabay.com\/photos\/bitcoin-cryptocurrency-currency-2643159\/"],"app":"steemit\/0.2","format":"markdown"}
created2021-10-22 05:22:09
last_update2021-10-22 05:22:09
depth0
children2
net_rshares5,898,856,878,409
last_payout2021-10-29 05:22:09
cashout_time1969-12-31 23:59:59
total_payout_value0.977 SBD
curator_payout_value1.891 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length3,194
author_reputation506,342,573,332,958
root_title"The evolution of bitcoin !"
beneficiaries
0.
accountph-fund
weight5,000
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (228)
@karupanocitizen ·
Interesting publication, bitcoin was the cryptocurrency that drew attention to the entire blockchain movement, this is undeniable, so I agree with you that it will hardly lose its first place in the crypto market. However, the loss of its dominance within the total investments in the crypto market, I see it as something very positive, as long as two situations occur: the capital inflow to the cryptographic environment continues to grow and the value of BTC remains stable. .

If this is achieved, we will be able to see highs with more and more strength within the market, less and less bearish scenarios and a decrease in the instability of cryptocurrencies, perhaps in the end the BTC will gain more and more value as a collector's item than as a mechanism of negotiation.

Greetings, have a happy day @clixmoney
👍  
properties (23)
post_id94,949,501
authorkarupanocitizen
permlinkr1dvn4
categoryhive-175254
json_metadata{"users":["clixmoney"],"app":"steemit\/0.2"}
created2021-10-22 14:45:06
last_update2021-10-22 14:45:06
depth1
children0
net_rshares5,915,977,712
last_payout2021-10-29 14:45:06
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length818
author_reputation25,054,681,650,658
root_title"The evolution of bitcoin !"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)
@lanzjoseg ·
Certainly when Bitcoin was created there was a lot of scepticism, I know several people who still regret and even cry because they did not know how to take advantage of this great opportunity.
I am very happy to know the great advantages that BTC offers.
The expectations that Bitcoin has to offer are still growing.
👍  
properties (23)
post_id95,115,512
authorlanzjoseg
permlinkr1pcft
categoryhive-175254
json_metadata{"app":"steemit\/0.2"}
created2021-10-28 19:21:30
last_update2021-10-28 19:21:30
depth1
children0
net_rshares467,965,168
last_payout2021-11-04 19:21:30
cashout_time1969-12-31 23:59:59
total_payout_value0.000 SBD
curator_payout_value0.000 SBD
pending_payout_value0.000 SBD
promoted0.000 SBD
body_length316
author_reputation305,101,571,399,333
root_title"The evolution of bitcoin !"
beneficiaries[]
max_accepted_payout1,000,000.000 SBD
percent_steem_dollars10,000
author_curate_reward""
vote details (1)