Bitcoin vs Altcoins: Time has passed

Every time bitcoin get a new all high time price, the cryptocurrency community goes crazy, well ones may say it is normal because the proposal of bitcoin was to replace the traditional monetary system for a pure p2p (per to per) system that could be used to transfer value (money) to person to person, without the necessary of a third party (usually banks).

As time goes by, there was many people who was excited about this new technology called BlockChain. But this was at the beginning, I remember in 2012 there was so many conversations about how would be the future with BlockChain!, and how many good projects would come to help to spread the ‘’decentralized’’ word throughout the world, and it actually came.

That time

Well, not that so. At some point, which I can’t for exactly say where, all the community stopped looking to the future as it was supposed to be a better place full of technology, acquirements, progression and decentralization.

Well I may be wrong but it was at some point in 2016- 2017. Oh! there it was one of the bitcoin’s highest price in which many people came to the crypto world. But the point here is, also, with them, came the higher fees and huge queues confirmation times on bitcoin’s BlockChain, which did many people to migrate to some another coin; Some more cheap in terms of fees and more faster, well I can’t actually say if that was good or bad, cause with this change something was confirmed; People was not trying to get in the most beautiful time of our monetary and financial history, they were trying to get something else, that here I’ll call ‘’be rich’’, well yeah not bad but also not good.

At that time, many coins with beautiful projects and different targets, but one problem; many of it had be gotten in some kind of bobble, cause was not the right time for them to emerge, that should be done with time, not at once.

The results of that occasion was that when the hype has passed almost all coins that the price had moved up so fast didn’t had true motives for that, that wasn’t based on real motives, like for example, some huge city adoption or huge partnerships with enterprises and companies, that didn’t happened.

What leads us for what really happened; Almost all coins had it’s prices ‘’floated ‘’, went up by a non-logical demand that was created because Bitcoin network couldn’t support all the demand at once and people started looking for some other coins as the next ‘’Bitcoin’’.

Which leads us to today, yeah.

All that crazy things that happened created a kind of ‘’sign’’ that says ‘’all coins after Bitcoin are shitcoins’’ well, I know that many people did lost they’re money on cryptocurrencies at that time because of that non-logical demand, that once it disappear, all prices get back to what it really were in a ‘’real‘’ demand.

When you take a chart of some coin that passed thru that time you’re gonna see that it had some huge waves from that time, and in some cases the prices never get in the same point again, but one thing that I really know is that all that wasn’t a coin problem, because they ‘’fail’’, no, they didn’t, the problem was that there it was many people trying to make ‘’ease money’’ and then they fell in full market as a fish at the fish hook, without even know what Bitcoin or cryptocurrencies really was.

At this moment

Today many people still get anxious with Bitcoin prices, which normal, they see as a currency that can save the world.
But I must say Bitcoin time has passed, I’m not saying that it’s prices will not get up, it will.

But many of the coins of that time has emerged, rebranded, many got more efficient as a coin, to what they were made for.

But here for future the space It’ll be for them. Huge companies are starting to see this coins like interesting ones, with goods points that can be used in today’s world; Bitcoin is still lost in time as a technology, today we also have BlockChains much better than the one from Bitcoin, and I am not saying that the one from Bitcoin is bad, no, I am not saying Bitcoin is trash, no, I’m just saying, Time has passed as it always do and we can’t get trapped in Lightning Network, it’s just a work around the incredible and most revolutionary system called BlockChain!

Future?

That being said, we must take a step a head to once more use the beautifulness of technologies; Better BlockChains, SmartContrats, new public and privacy modes, and everything!

You can see the charts as something essential, as a guide to a coin and it’s okay, but remember that Technology will always be the point in all times, news can manipulate coin charts, but not the technology behind it. Prices do not say if the Technology of a coin X or Y are good or bad!
Bitcoin has failed to be a P2P system and it became literally a digital gold, but something needs to take the P2P place and the free market will take care of that, as people has noticed that bitcoin is different from the traditional system, also, they will see that bitcoin is not affordable anymore, and will change the eyes to something else, well they’re already looking for that and so the companies.

But Are you in the Future, or Past?