Bitcoin has no competition - page 104.

socks435

legendary

Activity: 2058

Merit: 1030

I'm looking for free spin.

Quote from: super stars on August 16, 2016, 11:11:18 AM

yes that is a fact that there is no competition of bitcoin, bitcoin is increasing day by day, all the people are going to use bitcoin instead of fiat currency in their local markets.

How do you know that bitcoin has no compitition better to check coinmarketcap to check how many coins are dreaming to be a bitcoin..
also the price of bitcoin right now is not increasing day by day instead the price of bitcoin is decreasing every hours.
But i believe that bitcoin will be still stay as king of the coin and the price too will be more valuable in the future..

lethos3

newbie

Activity: 1

Merit: 250

Quote from: pereira4 on August 16, 2016, 07:39:32 AM

All those FUDsters that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bticoin is alive, the stronger it gets and the bigger the network effect. Sorry but there will not be a Bitcoin 2.0. Bitcoin will go to 100k+ per coin in the next 5 to 10 years, it will absorb all the value researched in the field if not directly through protocol improvements then through sidechains.

Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
There will be alts that pump really hard and make people millionaires, but no alt is going to surpass Bitcoin's strength and solidity. No coin will get a bigger marketcap. In the long term people holding 21+ BTC will be rewarded by history with rich-tier status for seeing the value in it before most people did. Do not let the FUDsters trick your mind or the trolls try to derrail the excellent job being done by Core devs.

Let's continue then our path towards inevitable triumph.

I disagree, while Bitcoin is a success and remain the bedrock of cryptocurrencies and could very well 10x in the next decade, it failed to replace the USD, thus its value is pegged to the USD and while the USD is not pegged to the BTC there will always be an opening for something better or worse overtake it, because in this world money rules.

super stars

newbie

Activity: 8

Merit: 0

yes that is a fact that there is no competition of bitcoin, bitcoin is increasing day by day, all the people are going to use bitcoin instead of fiat currency in their local markets.

samcoin

hero member

Activity: 1358

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: pereira4 on August 16, 2016, 07:39:32 AM

All those FUDsters that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bticoin is alive, the stronger it gets and the bigger the network effect. Sorry but there will not be a Bitcoin 2.0. Bitcoin will go to 100k+ per coin in the next 5 to 10 years, it will absorb all the value researched in the field if not directly through protocol improvements then through sidechains.

Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
There will be alts that pump really hard and make people millionaires, but no alt is going to surpass Bitcoin's strength and solidity. No coin will get a bigger marketcap. In the long term people holding 21+ BTC will be rewarded by history with rich-tier status for seeing the value in it before most people did. Do not let the FUDsters trick your mind or the trolls try to derrail the excellent job being done by Core devs.

Let's continue then our path towards inevitable triumph.

I agree with you , Bitcoin will remain the best cryptocurrency and all other altcoins is just a way to earn more Bitcoin by trading .
I think Bitcoin has many competitors , the first one is Ethereum , but the last hack forced ETH on retraction , but I believe that no coin will reach what Bitcoin has reached .

btccashacc

legendary

Activity: 1120

Merit: 1000

for the next 10-15 years maybe bitcoin will be dominate the cryptoworld however i doubt that there is any other cryptocurrency or altcoin that compete with bitcoin in fututre. As we can see that there are many rising competitors out there, but for the moment there are no better than bitcoin by it's technology and popularity, but it just mater of time hoping bitcoin still being mother of crypto at least in this century

gilang

full member

Activity: 132

Merit: 100

When it comes to exchange dominance it's just 66.4%.

UNsTephenk

member

Activity: 101

Merit: 10

Support Cryptocurrency.

I think ETH and WAVES are on their way to becoming just as successful as Bitcoin.

topiOleg

full member

Activity: 174

Merit: 100

Obviously there is not more usefull coin now, and most people preffer accepting Bitcoin when you give them option what coin they accept. The altcoin exchange is a playground for speculators, and Im surprised Bitcoin still has such high % of total market cap when there are hundreds of altcoins and their market cap is so much higher than their real coin usage would suggest - but it is how market cap works, pretty inaccurate measurement of coin useability.

But 100k+ per Bitcoin in the next 5 to 10 years is so far off, so I actually doubt about the state of OP mind when he was posting.

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Quote from: Yutikas_11920 on August 16, 2016, 10:13:04 AM

Yeah, it's a reality of technology is such that, if in the future there is new technology that is more profitable and better than bitcoin then surely everyone will switch using bitcoin or they use both. This will not be a problem because it's still too far away and we enjoy what we're doing

It's money first, technology second. I doubt this forum would have more than a few hundred members if the whiff of money didn't hang around it.

You can't switch your funds and the trust earned to something new without risking setting a large amount of your funds on fire.

'Good enough' is an element that works in plenty of areas even when there's no money on the line. When there is, the incentive to improve, and tolerate, what you have overpowers every other thing.

Kprawn

legendary

Activity: 1904

Merit: 1074

The trend seems to be people hyping up some coin and then everyone starts buying it, then something happens and people start running back to Bitcoin. How much of this is manipulation of the

markets, will probably never be known. Bitcoin is to Crypto currency, like Gold is for other commodities... a safe heaven against the storm. Roll Eyes

...The Mommy to run to, when you get hurt. Wink

... The

Mother of All Crypto currencies. Grin

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: Oralmat on August 16, 2016, 10:17:48 AM

Quote from: raphma on August 16, 2016, 08:53:54 AM

I think the same.
Altcoin to me is just a way to multiply my bitcoins, sometimes all my bitcoins are invested in a few altcoins but in the end i sell all of them for more bitcoins.

I agree to this as no Altcoins can be compared to bitcoins. None of the Altcoin is near in terms of volume or price to bitcoins. People buy altcoin just to get the profit and then sell them again for bitcoins.

until now it's definitely true, i haven't seen real efforts by those devs to make their altcoin to be a primary cryptocurrency and trying to be used anywhere instead of just making ICO,letting it get into the exchangers and then leave,such an irony even altcoins released every month

MingLee

hero member

Activity: 490

Merit: 520

Quote from: pedrog on August 16, 2016, 07:55:29 AM

Bitcoin has been steadily losing market cap dominance, from 90%+ just two years ago to ~80% today.

When it comes to exchange dominance it's just 66.4%.

This trend will probably continue and in a few years there will be people using cryptocurrencies that do not know what bitcoin is.

Note that a majority of the market cap lost is overhyped cryptos that don't really do anything and have a high market cap either because of a large buy-in or it's actively used in speculation.

Also, notice how about 1/11th of the market cap is coming straight from Ethereum. Literally 9% of the ~20% you're referring to is coming straight out of a single crypto, and it makes up 11-12% if you include ETC.

Also; exchanges are typically places where speculation happen with other cryptos. You have a 66.4% amount because half the Bitcoin put into speculation is traded our of it + whatever else Bitcoin is being traded for. More people are involved with trading alts when compared to trading Bitcoin back and forth with a USD value, and so low market dominance makes sense because everyone is speculating on high-risk "stocks".

Oralmat

hero member

Activity: 588

Merit: 500

Quote from: raphma on August 16, 2016, 08:53:54 AM

I think the same.
Altcoin to me is just a way to multiply my bitcoins, sometimes all my bitcoins are invested in a few altcoins but in the end i sell all of them for more bitcoins.

I agree to this as no Altcoins can be compared to bitcoins. None of the Altcoin is near in terms of volume or price to bitcoins. People buy altcoin just to get the profit and then sell them again for bitcoins.

X-ray

hero member

Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

Quote from: Naficopa on August 16, 2016, 09:41:43 AM

Quote from: X-ray on August 16, 2016, 09:40:29 AM

definitely until the new advanced technology which is better than blockchain will be released,people will start to think which is better,it's the time when bitcoin's fate,but it's still too far to be realized,but it's about the time

About what technology better that blockchain are you talking about?!?

well it's about the future,just see new technology developed and announced every year,technology always growing up,just like phone which in the past have an antena and now becoming smart phone,it's how technology grow,and in the future there must be a better technology released or blockchain's technology is going to be developed further more

Yutikas_11920

hero member

Activity: 714

Merit: 500

Quote from: X-ray on August 16, 2016, 09:40:29 AM

definitely until the new advanced technology which is better than blockchain will be released,people will start to think which is better,it's the time when bitcoin's fate,but it's still too far to be realized,but it's about the time

Yeah, it's a reality of technology is such that, if in the future there is new technology that is more profitable and better than bitcoin then surely everyone will switch using bitcoin or they use both. This will not be a problem because it's still too far away and we enjoy what we're doing

mobnepal

legendary

Activity: 1218

Merit: 1006

Bitcoin technology is tested for several years and it is the first of its kind so bitcoin have larger community and developer supports. In crypto world community support is the main reason for success of coin as this increases market demand. Bitcoin have also gone through several hard situation but soak all those pressure over time very effectively. I also feel same, no any altcoin can dominate crypto market just like bitcoin.

Naficopa

hero member

Activity: 2002

Merit: 516

Quote from: pedrog on August 16, 2016, 07:55:29 AM

Bitcoin has been steadily losing market cap dominance, from 90%+ just two years ago to ~80% today.

When it comes to exchange dominance it's just 66.4%.

This trend will probably continue and in a few years there will be people using cryptocurrencies that do not know what bitcoin is.

I'm not sure if your informations are correct, but let say that i trust you Wink

If Bitcoin now have 66,4% of market - this is against all other cryptocurrencies .. so it is something like 1 against 400

Can you tell us which coin have second position on market list and how many % of market cap have?

Edit:

Quote from: X-ray on August 16, 2016, 09:40:29 AM

definitely until the new advanced technology which is better than blockchain will be released,people will start to think which is better,it's the time when bitcoin's fate,but it's still too far to be realized,but it's about the time

About what technology better that blockchain are you talking about?!?

X-ray

hero member

Activity: 3066

Merit: 536

Leading Crypto Sports Betting & Casino Platform

definitely until the new advanced technology which is better than blockchain will be released,people will start to think which is better,it's the time when bitcoin's fate,but it's still too far to be realized,but it's about the time

WiseOldSage

newbie

Activity: 11

Merit: 0

Quote from: shamzblueworld on August 16, 2016, 09:00:38 AM

I am not using any other crypto currency at the moment, but I don't think any of them will ever overtake bitcoin. Its the standard of all, its like money now, do you see money competing with anything else? I really don't see that. So I feel bitcoin will hold it own in the market and would probably keep growing.

But you do see different currencies competing with each other. A century ago, British pound was the world currency. Now it's the USD. In the future it itself may be ousted by yen, or some other currency. It's true, no altcoin so far could provide decent competition to Bitcoin, but I don't think that the future appearance of such an altcoin is that impossible a scenario.

Senor.Bla

sr. member

Activity: 280

Merit: 253

someone once explained to me how bitcoin could prevent to be overtaken by another coin. in his scenario bitcoin had the biggest hashing power and could destroy another coin with an simple 51% attack. i believed that then and thought no coin could overcome bitcoin. well since mining bitcoin is done by special mining equipment only good for bitcoin this argument is invalid. seems to me that bitcoin has to be the better coin, which is maybe just a question of time until some better coin comes along. a second big point for bitcoin is, that it was there from the beginning, which is a plus. time will tell.

Topic: Bitcoin has no competition - page 104. (Read 43199 times)