Bitcoin The Shitcoin That Keeps On Giving - Lessons In Market Forces

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·@cryptogee·
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Bitcoin The Shitcoin That Keeps On Giving - Lessons In Market Forces
<center>![Turd_emoji_being_stepped_on_steemit_cryptogee.jpg](https://s6.postimg.org/rvds2e4oh/Turd_emoji_being_stepped_on_steemit_cryptogee.jpg)</center>

I have heard it time and time again by cryptocurrency aficionados. *"Lol, people don't even realise that Bitcoin is a shitcoin"*.

*Really, why?*

The answers that I get range from no answer at all, to a bunch of crypto gobbledy gook which causes me to glaze over whilst slipping in and out of consciousness.

Hashrates this . .

block times that . .

Segwit this . .

blockchain capacity that . . 

Bunkum!

It's all bunkum  I tell you !!

There is only one thing that matters when we talk about whether a service or commodity will be mass adopted by the greater good.

One thing that drives the world economies, it is the fuel of human desire that we have come to know as . .

Market Forces
=================


You see, the market doesn't give a single toot about what you think should be popular. It really doesn't care about what you think is cool or amazing or useful.

The market represents one thing and one thing only . .

### What people want ! !

That's right folks, what people want is much more powerful than what you think should be doing well. 

For instance, imagine last year just before Steemit launched, I said to you do you want to invest in a brush that you put in your mouth, so that you can lick your cat?

I'd imagine you would have picked up your phone, dialled the men in white coats and asked them to come and take your friend @cryptogee away, as he had clearly lost his marbles.

However that exact same idea; the Likki Brush, raised over $52,000 on Kickstarter and has sold hundreds of thousands of dollars worth of product.

That's right, a brush you lick your cat with, is set to make the inventor a millionaire.

If you saw that coming you're either a clairvoyant, or a liar (which is the same thing let's face it).

So are you getting it yet? Whilst you might think fidget spinners are stupid, the market just gets on with it and facilitates the selling of millions of dollars worth.

Function Over Form
===================

Have you heard the one about the coin that sits atop of a blockchain that can do 4000 transactions every microsecond, that nobody wants to buy?

The thing about Bitcoin is, even though you might think it's a shitcoin, people want it.

### Why?

Well a big part of that is they can actually *use* it for something other than trading.

That's right folks, you can spend Bitcoin in shops and stuff.

Yes, yes I know you can buy a cup of coffee with Steem in that coffee shop in Guatemala.

Newsflash!

You can spend Bitcoin with hundreds, if not thousands of vendors around the world. Not only that, Paypal the worlds largest consumer payment gateway, has got into the space.

### DON'T THESE PEOPLE KNOW IT'S A SHITCOIN!?!

Yeah well it's all about function over form . .

Why would a consumer want to spend Bitcoin?

Because most vendors give substantial discounts on their goods and services.

Why would a vendor accept bitcoin?

Because a ten minute wait to process the payment is nothing, and they don't have to pay 2.5% on each transaction, like they do with credit/debit card payments.

Simple . .

So while you crypto aficianados writhe, and whine about how Bitcoin is a load of crap, and your new shiny coin which does so much, but delivers so little, Bitcoin will continue to soar.

Finding The Future - If You Spend It They Will Come
======================
![Market_Forces_Steemit_Cryptogee.jpg](https://s6.postimg.org/57yiw8p4h/Market_Forces_Steemit_Cryptogee.jpg)

So what does the future hold for Bitcoin? Will it ever reach the market cap of trillions of dollars it needs to get to in order to service the entire planet?

Who knows; and quite frankly, who cares?

Maybe something will come along . . 

Perhaps it already has . .

It really doesn't matter, the only thing that matters is Bitcoin is going nowhere.

You can scoff, snort and sniff at the idea, you can laugh at me for being a naive little cryptonoob, and while you're doing that, I will keep on buying, selling and spending Bitcoin.

What about other coins; which one of those have the potential to become *the new Bitcoin*?

I would suggest looking at functionality, as far as I can see, ETH and Litecoin are the next coins to be mass adopted.

Why?

Because I am seeing the sites that accept Bitcoin, are now accepting Ethereum and Lite . .

Simples.

I do understand that you are probably right, Bitcoin is cumbersome and slow, clunky and all of that; however nobody cares.

The rest of us will carry on using bitcoin and watching the value increase.

So you know; get over it buster!!

#### DO YOU THINK BITCOIN IS A SHITCOIN? CAN YOU TELL ME WHY I'M WRONG? OR DO YOU GET THAT IT IS NOT SO MUCH THE FUTURE AS THE PRESENT? AS EVER, LET ME KNOW BELOW!

[*Cryptogee*](https://steemit.com/@cryptogee)
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