Bitcoin has no competition - page 68.

AngelSky

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Quote from: Juggy777 on April 09, 2017, 11:42:47 AM

I don't think op words now hold true. As hard it is to. Believe that last year it was only Bitcoins and now there are so. Many alt coins that have taken over and it's really passing of that these coins are gaining because of that stupid Bitcoin unlimited. ETHERUM and Monore has gained a lot and is posting some serious problems for Bitcoins. If the hard folk does take place it will be a end to Bitcoin and all this alt coins shall rise and rise. I yet don't own this alt coins, but many have made good profits in it already.

If you look at the price, adoption rate, demand and supply. In all these aspects bitcoin will be top always when compare with the other altcoins. I agree that Eth seems increasing in value day by day but still bitcoin is top. I do not know why you think about forking first. Satoshi speculates that bitcoin will reach 10000$ for 1 bitcoin.
Why you been supporting altcoins and degrade the bitcoin's potential. See the price we are always top.

Rostadom

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Quote from: Juggy777 on April 09, 2017, 11:42:47 AM

I don't think op words now hold true. As hard it is to. Believe that last year it was only Bitcoins and now there are so. Many alt coins that have taken over and it's really passing of that these coins are gaining because of that stupid Bitcoin unlimited. ETHERUM and Monore has gained a lot and is posting some serious problems for Bitcoins. If the hard folk does take place it will be a end to Bitcoin and all this alt coins shall rise and rise. I yet don't own this alt coins, but many have made good profits in it already.

The ashes of the fallen bitcoin will give birth to the major altcoins. I don't really mind hard fork back then until BCU came out and relevant bitcoin users has started to hype it up. At the end of the day, it was all just a trading stunt for them to earn more bitcoins. BCU doesn't have an actual audience. We're all still here in the old bitcoin. I kind of pity the guys that invested thousands for BCU investment just because they thought it was the start of something.

BCU did create a huge hype and even made the price of bitcoin go down, but bitcoin still won. We're back to $1200. We already recovered from the damage the hard fork drama has caused.

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I don't think op words now hold true. As hard it is to. Believe that last year it was only Bitcoins and now there are so. Many alt coins that have taken over and it's really passing of that these coins are gaining because of that stupid Bitcoin unlimited. ETHERUM and Monore has gained a lot and is posting some serious problems for Bitcoins. If the hard folk does take place it will be a end to Bitcoin and all this alt coins shall rise and rise. I yet don't own this alt coins, but many have made good profits in it already.

Rostadom

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Quote from: HatZpApA on April 09, 2017, 08:25:38 AM

Quote from: kelsey on April 09, 2017, 08:21:44 AM

Quote from: White Christmas on April 02, 2017, 10:40:40 PM

Quote from: meelvanchris on April 02, 2017, 10:24:54 PM

At a moment I don't see any competition to bitcoins as it is ruling the digital world and altcoins cannot be compared to bitcoins as they cannot be used for shopping or converted to fiat and in that case bitcoin holds upper hand over the altcoins.

Certainly, bitcoin is the only coin in a crypto currency which can be concerted into fiat vice versa. However, it's not impossible that a crpto currency coin can have ots exchanger since the market of crypto currency is spreading annd developing.

that just shows like many blinkered bitcoin users; you don't get out much Roll Eyes

plenty of cryptos can be directly convert to fiat without the use of bitcoin, in fact litecoin, eth, etc, even doge are much easier to do so as they actually arrive Wink

That's right , many alts have nowadays a fiat exchange you can use!
Althugh BTC is the best for the moment , it needs competition ! Just as fiat conquers vs fiat , BTC needs a an alt to fight with! And let's see how ETH will evolve in this race !
I can just say that there will be a moment when another coin will surpass BTC ! It is mathematically impossible to be the 1st everytime.

And what can we gain or bitcoins gain if it gets an altcoin as competition? Nothing. Unless that new coin is recruiting non-bitcoin users, we're just going to be playing by ourselves. It will be much better if we all just invest in bitcoins rather than have bitcoin price go down because of a new coin. We will all make better money if we help each other and stick with bitcoins.

With the new coin, there's only 2 scenarios. The first one is that bitcoin users will migrate to that new coin, making bitcoin have much lower price. The second one is if the new coin will get money from the new investors. Imagine if those investors invested in bitcoins instead. The whole bitcoin community would've made money already.

And for the last paragraph, mathematically? How do you even calculate the possibility of something being the best one every time? I think it's possible for something to stay as the best thing that exists in that certain field maybe not forever but for a really really long time.

Catswold

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Quote from: mrjoy15 on April 09, 2017, 09:13:58 AM

Quote from: pinkpanther03 on April 09, 2017, 08:58:02 AM

Quote from: stripykitteh on March 20, 2017, 12:06:03 PM

Bitcoin's only competition is Gold and other precious metals because they have a limited supply. Bitcoin is only maxed at 21 million coins and if that limit gets reached then the people will want the coins or there might be only one person with all the supply at the end and nobody will want to purchase it. Having precious metals could get noticed by many people and they will want some of that as well so the price of precious metals will have a longer term of value compared to Bitcoin.

Indeed, The main competitors of bitcoin was gold only, unlike what others always said that most competitors of bitcoin are the crytpocurrency/altcoins, no its not of course, actually altcoins is helping bitcoin to make popular in just a matter of short period of time.

I agree with you. Bitcopin no longer serve us. The current price of one Bitcoin, it's importance in online marketplace or whatever helps to remain it's popular. But already ETH and some oltcomes doing an extremely good job that's enough to believe near future there have a new alternative.

ETH is performing really well and its growing good at a moment but comparing it to bitcoin is not a valid comparison as bitcoin is the first digital currency and is a long term player and will always rule the digital world and no altcoin has that power to replace bitcoins.

webtricks

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As far as cryptocurrencies are concerned Bitcoin has no competition. Bitcoin has already become brand for cryptocurrency. People are more aware of word Bitcoin than cryptocurrency and most of them aren't even knowing Bitcoin is cryptocurrency or what actually cryptocurrencies are.
But it doesnt mean Bitcoin is supreme! To shorten the line, draw a line bigger than it. I have seen many new altcoins not using algorithm of blockchain. Maybe something a step ahead of blockchain or bitcoin could ruin the whole crypto ecosystem. Human is a race of evolution, Bitcoin is no difference.

mrjoy15

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Quote from: Janation on April 09, 2017, 09:24:22 AM

Quote from: mrjoy15 on April 09, 2017, 09:13:58 AM

Quote from: pinkpanther03 on April 09, 2017, 08:58:02 AM

Quote from: stripykitteh on March 20, 2017, 12:06:03 PM

Bitcoin's only competition is Gold and other precious metals because they have a limited supply. Bitcoin is only maxed at 21 million coins and if that limit gets reached then the people will want the coins or there might be only one person with all the supply at the end and nobody will want to purchase it. Having precious metals could get noticed by many people and they will want some of that as well so the price of precious metals will have a longer term of value compared to Bitcoin.

Indeed, The main competitors of bitcoin was gold only, unlike what others always said that most competitors of bitcoin are the crytpocurrency/altcoins, no its not of course, actually altcoins is helping bitcoin to make popular in just a matter of short period of time.

I agree with you. Bitcopin no longer serve us. The current price of one Bitcoin, it's importance in online marketplace or whatever helps to remain it's popular. But already ETH and some oltcomes doing an extremely good job that's enough to believe near future there have a new alternative.

I dont get what you are trying to say, especially when you said that bitcoin no longer serve us, bitcoin is not here to serve but it's here to be used. And everyone knows that there are a lot of competitions when we are talking about bitcoin, bitcoin is used as an asset by many investors, but they still are having second thoughts, why not gold, it has stable price
when it comes to altcoins, there are Ethereum and Dogecoin. And altcoins, helped a big one making bitcoin the best digital currency, without other altcoins, there will be no best digital cuurency.

As easy to available everywhere, also easy to convert convert to it as our real money to spend. That's helping to make our life easy, comfortable, so it's served us human being. Like serve for ornament, serve for delight. BTC>MONEY>SERVE
As bitcoin has survived many challenge, difficulties, it can survive a Hard Fork! Still, it's dominated. But no longer so thought alternative coin could be safe in the future. I would like only limited these currency.

Janation

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Quote from: mrjoy15 on April 09, 2017, 09:13:58 AM

Quote from: pinkpanther03 on April 09, 2017, 08:58:02 AM

Quote from: stripykitteh on March 20, 2017, 12:06:03 PM

Bitcoin's only competition is Gold and other precious metals because they have a limited supply. Bitcoin is only maxed at 21 million coins and if that limit gets reached then the people will want the coins or there might be only one person with all the supply at the end and nobody will want to purchase it. Having precious metals could get noticed by many people and they will want some of that as well so the price of precious metals will have a longer term of value compared to Bitcoin.

Indeed, The main competitors of bitcoin was gold only, unlike what others always said that most competitors of bitcoin are the crytpocurrency/altcoins, no its not of course, actually altcoins is helping bitcoin to make popular in just a matter of short period of time.

I agree with you. Bitcopin no longer serve us. The current price of one Bitcoin, it's importance in online marketplace or whatever helps to remain it's popular. But already ETH and some oltcomes doing an extremely good job that's enough to believe near future there have a new alternative.

I dont get what you are trying to say, especially when you said that bitcoin no longer serve us, bitcoin is not here to serve but it's here to be used. And everyone knows that there are a lot of competitions when we are talking about bitcoin, bitcoin is used as an asset by many investors, but they still are having second thoughts, why not gold, it has stable price
when it comes to altcoins, there are Ethereum and Dogecoin. And altcoins, helped a big one making bitcoin the best digital currency, without other altcoins, there will be no best digital cuurency.

mrjoy15

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Quote from: pinkpanther03 on April 09, 2017, 08:58:02 AM

Quote from: stripykitteh on March 20, 2017, 12:06:03 PM

Bitcoin's only competition is Gold and other precious metals because they have a limited supply. Bitcoin is only maxed at 21 million coins and if that limit gets reached then the people will want the coins or there might be only one person with all the supply at the end and nobody will want to purchase it. Having precious metals could get noticed by many people and they will want some of that as well so the price of precious metals will have a longer term of value compared to Bitcoin.

Indeed, The main competitors of bitcoin was gold only, unlike what others always said that most competitors of bitcoin are the crytpocurrency/altcoins, no its not of course, actually altcoins is helping bitcoin to make popular in just a matter of short period of time.

I agree with you. Bitcopin no longer serve us. The current price of one Bitcoin, it's importance in online marketplace or whatever helps to remain it's popular. But already ETH and some oltcomes doing an extremely good job that's enough to believe near future there have a new alternative.

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Quote from: KennyR on April 09, 2017, 09:00:45 AM

Quote from: Roger Burton on April 09, 2017, 07:55:41 AM

Of course it has, and that's why it's the number one cryprocurrency in the world Wink

Nothing can have no competition, because int that way nobody would buy anything. And that's marketing! This is how our world works and how it will keep working.

If something becomes popular, following this we can find the clones in a very short time span. In that case our digital currencies to are not an exception. Here too following bitcoin several other altcoins emerged following the same backing and termed to give a healthy competence to grow.

Improving and development is needed to establish ones success,when one thing goes successful ,something alike will also boom knowing that it was acquired by people, knowing that bitcoin goes hit and strikes people interest there were comes other alt coins or crypticuurencies that are trying their best to get identified too by bitcoin users. Unfortunately bitcoin were really at its momentum that it seems there is no other coins yet that can over to them.

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Quote from: Roger Burton on April 09, 2017, 07:55:41 AM

Of course it has, and that's why it's the number one cryprocurrency in the world Wink

Nothing can have no competition, because int that way nobody would buy anything. And that's marketing! This is how our world works and how it will keep working.

If something becomes popular, following this we can find the clones in a very short time span. In that case our digital currencies to are not an exception. Here too following bitcoin several other altcoins emerged following the same backing and termed to give a healthy competence to grow.

pinkpanther03

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Quote from: stripykitteh on March 20, 2017, 12:06:03 PM

Bitcoin's only competition is Gold and other precious metals because they have a limited supply. Bitcoin is only maxed at 21 million coins and if that limit gets reached then the people will want the coins or there might be only one person with all the supply at the end and nobody will want to purchase it. Having precious metals could get noticed by many people and they will want some of that as well so the price of precious metals will have a longer term of value compared to Bitcoin.

Indeed, The main competitors of bitcoin was gold only, unlike what others always said that most competitors of bitcoin are the crytpocurrency/altcoins, no its not of course, actually altcoins is helping bitcoin to make popular in just a matter of short period of time.

bitcub

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Nice fact sir, I guess its because bitcoin owners invested their bitcoin from buying altcoins. One thing for sure one day ETH is the next bitcoin.

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.

kelsey

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Quote from: Xester on April 09, 2017, 08:28:29 AM

Quote from: meelvanchris on April 02, 2017, 10:24:54 PM

At a moment I don't see any competition to bitcoins as it is ruling the digital world and altcoins cannot be compared to bitcoins as they cannot be used for shopping or converted to fiat and in that case bitcoin holds upper hand over the altcoins.

If you are not studying what is really going on with bitcoin then you can say such things that bitcoin has no competition. At this point of time there are many coins that compete with bitcoins and the famous one was Ethereum. If in case bitcoin cannot solved all the problems it is facing right now then Ethereum will take its place as the new medium of exchange between altcoins trading.

sorry no one who believed in the original bitcoin would touch Ethereum with a ten foot poll.

Xester

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Quote from: meelvanchris on April 02, 2017, 10:24:54 PM

At a moment I don't see any competition to bitcoins as it is ruling the digital world and altcoins cannot be compared to bitcoins as they cannot be used for shopping or converted to fiat and in that case bitcoin holds upper hand over the altcoins.

If you are not studying what is really going on with bitcoin then you can say such things that bitcoin has no competition. At this point of time there are many coins that compete with bitcoins and the famous one was Ethereum. If in case bitcoin cannot solved all the problems it is facing right now then Ethereum will take its place as the new medium of exchange between altcoins trading.

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Quote from: kelsey on April 09, 2017, 08:21:44 AM

Quote from: White Christmas on April 02, 2017, 10:40:40 PM

Quote from: meelvanchris on April 02, 2017, 10:24:54 PM

At a moment I don't see any competition to bitcoins as it is ruling the digital world and altcoins cannot be compared to bitcoins as they cannot be used for shopping or converted to fiat and in that case bitcoin holds upper hand over the altcoins.

Certainly, bitcoin is the only coin in a crypto currency which can be concerted into fiat vice versa. However, it's not impossible that a crpto currency coin can have ots exchanger since the market of crypto currency is spreading annd developing.

that just shows like many blinkered bitcoin users; you don't get out much Roll Eyes

plenty of cryptos can be directly convert to fiat without the use of bitcoin, in fact litecoin, eth, etc, even doge are much easier to do so as they actually arrive Wink

That's right , many alts have nowadays a fiat exchange you can use!
Althugh BTC is the best for the moment , it needs competition ! Just as fiat conquers vs fiat , BTC needs a an alt to fight with! And let's see how ETH will evolve in this race !
I can just say that there will be a moment when another coin will surpass BTC ! It is mathematically impossible to be the 1st everytime.

kelsey

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Quote from: White Christmas on April 02, 2017, 10:40:40 PM

Quote from: meelvanchris on April 02, 2017, 10:24:54 PM

At a moment I don't see any competition to bitcoins as it is ruling the digital world and altcoins cannot be compared to bitcoins as they cannot be used for shopping or converted to fiat and in that case bitcoin holds upper hand over the altcoins.

Certainly, bitcoin is the only coin in a crypto currency which can be concerted into fiat vice versa. However, it's not impossible that a crpto currency coin can have ots exchanger since the market of crypto currency is spreading annd developing.

that just shows like many blinkered bitcoin users; you don't get out much Roll Eyes

plenty of cryptos can be directly convert to fiat without the use of bitcoin, in fact litecoin, eth, etc, even doge are much easier to do so as they actually arrive Wink

Roger Burton

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Of course it has, and that's why it's the number one cryprocurrency in the world Wink

Nothing can have no competition, because int that way nobody would buy anything. And that's marketing! This is how our world works and how it will keep working.

Fatanut

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Quote from: asuryan180 on April 08, 2017, 12:40:23 PM

BTC has no competition because most of the other cryptos don't possess the neccessary qualities to bring something better than what BTC has.They are just kind of in their own thing but they cannot make a difference on a global level and that is why they can't go to another level.So BTC will most likely be the number one crypto for quite a long time to come,for me the most interesting question is which will be the crypto that will have the chance to surpass BTC and how long will it take

I think it will not take long for a killer coin to replace bitcoins. The dump will be much faster than expected. When we finally got the coin that we all want, everyone will be dumping their coin and the dump will make others panic sell even when they didn't even fully understand the new coin yet. Everyone wants a lightning network, so I guess that will be enough to surpass bitcoins.

The better coin will not compete with bitcoins at all because it doesn't have to. People will migrate by their own. It's unlikely that it will beat bitcoins because of some advertisement or some marketing strategy. It will beat bitcoin because of the new features that it has and it will probably have no major disadvantages or drawbacks for those new feature.

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Quote from: asuryan180 on April 08, 2017, 12:40:23 PM

BTC has no competition because most of the other cryptos don't possess the neccessary qualities to bring something better than what BTC has.They are just kind of in their own thing but they cannot make a difference on a global level and that is why they can't go to another level.So BTC will most likely be the number one crypto for quite a long time to come,for me the most interesting question is which will be the crypto that will have the chance to surpass BTC and how long will it take

That is all true and its interesting how many other cryptocurrencies appear each day but with no bigger success. And none of this currencies can't come even close to Bitcoin value. The only currency that is kind of small competition to Bitcoin is Monero, but only in sense of anonimity and that is why is used on dark markets and Bitcoin has lost a big deal of its anonimity.

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