The first time people could trust in a currency without a bank or government behind it. But, Question is that is Bitcoin is outdated Technology. I will say "Yes, Bitcoin is outdated technology " No matter why but people have price phobia when the price of bitcoin going higher people think bitcoin is the technology that can change all over the world But if the price is going Down people scared and want to sell all the crypto asset without knowing the reason behind it.
When I study all the factor of pricing change in crypto price then I have recognized the most crucial thing is your patience, stability, and knowledge.
Today 9:30 AM Monday, 25 June 2018 (IST) and price of bitcoin is almost 6130 USD. After all this, I know all crypto market facing the biggest dip of 2018. I can give you the assurance of one day you will get profit from it. So, please believe in your self and HODL that you have.
But bitcoin is almost a decade old. When bitcoin was conceived the app store was only just getting off the ground and portable DVD players were still used on long car trips. The technology of 2018 is leaps and bounds ahead of where it was a decade ago. Crypto technology is no exception.
There are now over 1500 cryptocurrencies newer than bitcoin. These coins are more efficient, faster, and offer features that bitcoin lacks.