Less demand means lower prices. All the other coins, with a few exceptions, follow Bitcoin’s trend, even if there are no direct trading pairs yet (ETH, which most of the altcoins are traded for, follows Bitcoin’s trend very closely).

When Bitcoin reached parity with the dollar in 2011, buying and selling on The Silk Road was easy. It was also relatively anonymous–until the Feds began to investigate, find, and prosecute criminals and the website was shut down. But the stain on Bitcoin’s reputation lived on.

If you are willing to learn, a more profitable way is by downloading a miner and mining other coins, then exchanging them to dogecoin.Besides faucets and straight up buying them, the other way of earning dogecoin is by mining.

Litecoin is also open source, decentralized, and backed by cryptographic math to secure transactions.Litecoin was not made to compete against Bitcoin, but instead to act as a complimentary payment solution alternative.

If it is an obscure system, feature, or area of knowledge, and someone will have to invest significant time to understand the issues involved, then you may need to put in a significant bounty - few people may be interested, and they may not want to spend time on the issue - this is a answerer's market, and you may need to put up some real reputation if you don't see any answers after a bit. If the question is getting comments, but no answers, check that you are asking a good question and are sufficiently clear.

Economists define money as anything commonly accepted by people for the exchange of goods and services. Although every country has its own system of coins and paper money, other things can also often be used as money.

I think still, some people are worried that bitcoin has peaked and that investing now would be like investing in fool’s gold. I have to disagree. Digging deeper shows that bitcoin is just starting to pickup steam, and several underlying factors suggest that the cryptocurrency will only continue to gain value in the future.

 Nobody can see the future, but if BTC price keeps going downward following the recent selling momentum, and at the same time the ETH price shows resilience, it is not impossible to imagine that sooner or later a situation like June 2017 may happen again and ETH may inch closer to reach value party and eventually be worth even more than BTC.