Topic: Bitcoin has no competition - page 34. (Read 43214 times)
Bitcoin will eventually achieve its ultimate goal of becoming the world's first recognized cryptosystem and becoming the national currency of the world. No other currency will compete with bitcoin right now. As you said, many times BTC has died in the past, so we are not sure that it can be repeated in the future.
bitcoin always has competition, all the altcoin out there are its competitors and many of them compete with each other.
altcoin with new innovations such as bitcoin threats as well. and competition is a useful way to get people to see how good an item is. . but bitcoin still leads in the number one crypto currency and will remain as the primary number for good.
altcoin with new innovations such as bitcoin threats as well. and competition is a useful way to get people to see how good an item is. . but bitcoin still leads in the number one crypto currency and will remain as the primary number for good.
think people will know bitcoin first then altcoin, because bitcoin can exchange into fiat, but for altcoin, its need to change into btc first then they can change into fiat. and yes i think bitcoin will become a mother of every altcoin for today and for future
as you wrote will think only those people who are completely remote from the sphere of crypto-currencies. for a long time now, the top alto coins can be used as independent settlement means, where they are supported and exchanged for fiat, there is also a variety of bridge technologies for the same exchange.
if assume btc no opponents consider it a very narrow mind. every ico many are designing good business and ecosystem. so it will be able to compete with the cryptocurrency that has been superior at this time. imagine if a large company that has branches around the world expands cryptocurrency and uses its coin for payment. would not that have a tremendous impact. Just think about it.
For me there's a competition between bitcoin and other crypto because some ICO project keep telling people that their going to beat bitcoin but until now no one can defeat bitcoin at the top because bitcoin is the first priority of investors if they going to invest in crypto.
think people will know bitcoin first then altcoin, because bitcoin can exchange into fiat, but for altcoin, its need to change into btc first then they can change into fiat. and yes i think bitcoin will become a mother of every altcoin for today and for future
as you wrote will think only those people who are completely remote from the sphere of crypto-currencies. for a long time now, the top alto coins can be used as independent settlement means, where they are supported and exchanged for fiat, there is also a variety of bridge technologies for the same exchange.
The only competition that it actually has, are the banks, and nothing more than that, but i think that it also depends on all the other cryptos that are already on the market, and in some point, they can be a real competition too, but it depends
All those people that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bitcoin 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.
Although Bitcoin, the largest cryptocurrency coin in the market, was not leading the way in percentage terms last year, it was a factor behind the overall market. Bitcoin has risen from $ 0.01 to above $ 11,000 per share token within 8 years, and it is accepted by retailers around the world more than any digital coin. But nowadays, there are 4 digital currencies that can become a medium of exchange for the most influential digital exchanges substitutions in the future such as Litecoin, Nano, Stellar, Ripple. Therefore, Bitcoin actually has competition!
I think bitcoin still has competition, it's just because he has been there earlier so his network is strong enough once and he still has to keep trying to improve it and compete with the new one
Yes , no coin at the moment is in competition with bitcoin.
Thank you brothers
it's a motivation for us that may for now start to weaken because bitcoin prices are starting to decline ..
with the wise sentence of our brother also sure bitcoin will not be defeated by other coins that are now very much in the market crypto..
it's a motivation for us that may for now start to weaken because bitcoin prices are starting to decline ..
with the wise sentence of our brother also sure bitcoin will not be defeated by other coins that are now very much in the market crypto..
Bitcoin definitely has competition!. It is probably because there are many disadvantages of it. For example : slow transactions which can take upto an hour or high transaction fees,.... Those issue with Bitcoin which are solved by other cryptocurrencies giving rise to increase competition on this digital curenccy market
Bitcoin can not av competitor, simply bcos those other coins that can serve as a competitor are seriously far from bitcoin. Then bitcoin itself is a dictator to other altcoins
Bitcoin has been steadily losing market cap dominance. When it comes to exchange dominance it has the same. This trend will probably continue and in a few years there will be people using cryptocurrencies that do not know what bitcoin is.
Actually, bitcoin does not have competition, and what we see today where there are some coins being talked about as bitcoin competitors because their price movements are considered fast and beyond the bitcoin, I see it was deliberately created to lift the popularity of bitcoin and make bitcoin better known by the world, which in the end bitcoin will get to its ultimate goal of becoming the world's first recognized crypto and becoming the national currency of the whole world.
Bitcoin's dominance does not mean it will last forever. Well bitcoin has no competition even the ciphers in the market are just an altcoin to bitcoin. To be sure they can not win on bitcoin because bitcoin has been set up and there is no way that other passwords will compete on it as it will cause conflicts of electronic money and eventually it may die.
There are quite a lot of actively traded and pricey alt coins around.but I am not using any other crypto currency at the moment.which is better than blockchain will be released.people will start to think which is better,it's the time when bitcoin's fate.thanks
I think Bitcoin has and will always have competition, even if it is not so strong.
On the other hand, I think it's important that Bitcoin has competition, because in this way it will help to improve every time for the benefit of all investors.
On the other hand, I think it's important that Bitcoin has competition, because in this way it will help to improve every time for the benefit of all investors.
future there is new technology that is more profitable and better than bitcoin then surely everyone will switch using bitcoin or they use both.So I feel bitcoin will hold it own in the market and would probably keep growing.
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