From the looks of it Bitcoin may have hit its peak and people could be looking for an alternative just by looking at the charts.
Evidence of people looking for an alternative is the rise of Ethereum and now the rise of Steemit! Bitcoin is still going to be a store of value it may very well still hit $10,000 a coin one day who knows but one thing is for sure it seems to have stalled a bit and the halving literally looks like it has had little if any effect on the price at all.
Maybe Steem is the true alternative to BTC, since Eth has taken a nose dive after its reputation has been hurt a little after the Dao hack and how they handled it makes them look a little incompetent. The Steemit team handled their attack much better and more efficiently then Dao and Eth it seems. A lot of people compared the Ethereum developers to no better then a centralized government after they decided to hard fork and it hurt their reputation a lot as a decentralized currency. So it is no coincidence the rise of Steemit follows the fall of Eth literally.
The Steemit chart looks a little similar to how BTC did from 2012-2014 but this is only 2 months of trading. Maybe Steemit will rise and surpass BTC to the moon! We shall see!
