Bitcoin Archive Shared:  JP Morgan: Bitcoin faces little direct competition from other blockchains or cryptocurrencies.  We’ve been saying.

Community Response:  99.99% of other blockchains don’t even try to compete with Bitcoin.

Bitcoin isn’t even similar to investing in crypto.  Crypto is ran by humans that can change the rules at any time.  Bitcoin is run by the computer network and humans build applications to make it more user friendly to use.  It’s finite and the soundest form of money ever created.

What are you trying to say? I thought when I bought Bitcoin, I would get rich.  So, who came up with the rules? And who coded the rules up?  Companies can change their product at will too. Bitcoin = money. Alts = utility products. Alts will be denominated in money, thus in BTC.

Bitcoin can be changed as well given enough consensus. It’s not like it is impossible.

Not so!  But some cling to this belief.  On an investment basis, over the past 2 years many other crypto’s have provided for a much better return on investment and some few for a better value on use in commerce for payment.

Doge isn’t trying to be competition to Bitcoin.  Bitcoin can be the reserve – Doge can be the everyday currency.  Together as one I believe this can be done. Crypto

People need to stop being too smart to buy bitcoin.  I don’t think there is a better crypto deal out there I can make money on.

I suppose USDT can compete with Bitcoin because the stable coin has a completely different nature and it will never crash.

It’s hard to listen to banks talking about Bitcoin.

JP Morgan have been right all the time regarding bitcoin. So, I assume they have really smart thoughts regarding other chains as well.

Look bitcoin is like motherboard of the hardware and everything else are microchips powered by it.  Bitcoin is one thing, and the rest of cryptos are other thing.  That’s because other blockchains aren’t trying to compete with Bitcoin?

Bitcoin is still the king of all blockchains and it dominates the crypto market.  If you HODL bitcoin long enough, you will see them all “bend the knee” eventually.

Any smart investor understands when JP talks to you little fools, you should never follow up on their advice. Charts have proven that every single time.