Undoubtedly, everyone knows the name of Nokia, and, with its words, quality and performance are brought into the minds of individuals. Nokia was one of the first mobile phone companies in the world. In 1998, Nokia was able to rely on the royal palace of the mobile phone companies, and the largest share of mobile phone sales. But with the advent of Apple's phones and Android phones, the share of Nokia has fallen sharply so that they were eventually bought by Microsoft in 2013.
In my opinion, Bitcoin has a way that Nokia. Bitcoin technology is old compared to other Altcoin. Bitcoin was the first, but perhaps not the best.
There is something wrong with this analogy. number of supplies of bitcoin and the demand of consumers. The supply is getting thinner and thinner and as much as altcoin born and being promoted as bitcoin killer, it won't because as time passes by, the price will continue to grow no matter what people will says.
As for the smartphone or cellphone industry, Nokia didn't see their competition coming, while for Bitcoin the competition is already here, but why they are not succeeding despite bitcoin's shortcomings? Its because of supply and demand.
