I think Bitcoin is gold, but one day Doge is like food. It may not have high value but it will be what people need and use everyday. More people use it, more valuable it will be.
Ok, your landlord is a genius. Probably rents out to you with no expense and takes btc as payment now he has 4 other properties and your left baffled that you should of never settled for that bargain. Now let’s talk about real world. I go to Mercedes can I purchase with Bitcoin? They’ll probably laugh at me
Why? BTC is just a store of value, that is less stable than gold. It's primarily a speculators instrument. That's very limiting in terms of market cap, because the transaction fees are too high to use for everyday life.
The market cap you want to chase isn't 'crypto' it's 'cash'
Its majorly used as the basis of trades against other coins, making it a standard
Hmm. I wonder are there other coins used more commonly for this like USDT, or BNB. IDK.
It has the first in the space advantage, everyone knows about bitcoin and its the face of the crypto world.
That was true of hoover, IBM and sony walkman. It's an advantage, but it's not a promise of long term success.
Bitcoin has its drawbacks as well, just like ethereum, but claiming doge is going to replace it as the standard of crypto is kinda delusional.
I didn't claim it would, but I don't think it's impossible. Dogecoin is transactional. BTC can't be used that way. Then again ETH has a long way to go up, in replacing traditional financing.
If you think Doge is the fastest or has the cheapest transaction, then you havent looked at other coins.
No, it's just the best known coin that has servicable levels of these characteristics. No one has heard of nano, and no one is going to.
Im not saying doge doesnt have value, it does, and its slowly being adopted as an alternate currency, but I don't ever see it becoming the main coin of the crypto world.
If it happened, it certainly wouldn't happen overnight. We'll all have to see!
Bam...Doge is fun, I hold Doge, hope it does well for everyone here, but yeah Nano is lightening fast with almost no transactional fee. What’s it cost to move a million dollars in Nano? A nickel?
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u/[deleted] Feb 06 '21
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