I remember when bitcoin dipped to around $3k
Bitcoin is dead
Bitcoin is that...
Hive went up as high as $1 some months ago and people were all about hive.
To me bitcoin is a rubbish token that keeps pumping simply because it is the most popular token--the first. How long would it take for people to discover this and the potentials other supposed shitcoin holds. I say within a decade time when this industry becomes popular enough. What will happen to bitcoin then? Well, only time will tell. Make all the profit you can.
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Seems your understanding is so shallow. Humans on this planet need smth better than FIAT. Moving away from Gold standard 50 years ago was a BIG mistake. But why return to gold, when a new GOLD 2.0 been invented? That is BITCOIN.
Nobody could even dream in the 70-ties about such perfect solution. So I can justify Richard Nixon's big mistake.
Bitcoins ultimate best feature is it's scarsity. Nobody, no presidents nor banksters have power to change it. This is the BEST feature of Bitcoin. And this why Bitcoin will win the world. And will make it a better place in universe.
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The answer is cryptocurrency not just bitcoin
The golden standard was what brought about banknote--fiat. And this was as a result of its scarcity, divisibility and transferability problems.Do your research.
Scarcity in itself is a flawed concept as it is often manmade. Abundance is better. There is enough to go if resources are managed properly.
That is the potent power of cryptocurrency, not bitcoin. Bitcoin is one crypto out of thousands. It currently enjoys the benefits of being the first crypto but as history may have it, the first isn't always the best in the long run.
People don't trust the traditional financial system because it is not transparent. It is controlled by a few--the government. Cryptocurrency/blockchain technology (not just bitcoin) solves this problem.
P.s I am not against bitcoin. We need bitcoin (for now). However, it will not be the face of the crypto industry forever that I assure you. I will put my bet on utility tokens.
No Hive has never been worth $1. Where did you see that info? Here is the chart for all time and Hive never went anywhere near $1.
Around the 22nd of April, hive was hovering around $0.90 to $1. Do your research.
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Yes I see it now, thanks for the info. I needed to look at a better chart. Hive did hit close to a dollar for a day and then sank rapidly.