Bitcoin

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12. one of the real risks of cryptocurrency is that to the extent it succeeds, it will likely be

*one* particular cryptocurrency that becomes the standard, and the others will fade away.

bitcoin has basically always been the front-runner for this position, but it's not a given that they will keep this position.

same as any new technology. the first to introduce it to the market could very will be right that the basic product concept will be a hit, but wrong that that particular company will be the one to dominate the market.


so it's quite possible that cryptocurrency becomes a long-term viable currency and sounds investment, but you still lose all your money because you guessed the wrong particular cryptocurrency.


it's also possible that the market coalesces around several cryptocurrencies, not just one. but still, many of the different flavors around now will probably go away at some point, imho.