Potential to become irrelevant

Perhaps the biggest downside towards Bitcoin is the real risk of it becoming irrelevant. The primary reason why Bitcoin has demand is because it offers many of the advantages that traditional currencies cannot offer but if another cryptocurrency was to offer the same or better, we could see a rapid (and permeant) decline in the value of the digital currency.

If you are interested in trading Bitcoin and other cryptocurrencies, you can open an account and start trading right away.

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