At the moment Bitcoin doesn't have some serious competition among cryptocurrencies although there are many attempts some very ambitious. But in many ways Bitcoin still can't compete with fiat currencies and there is the space for progress. Gold is also the kind of competition so that is also one thing we have to have in mind.
Bitcoin has got very few potential competing virtual currencies. As said by above mate that too is not very ambitious, because those currencies suddenly rise and drops down in a short. Now after a long few coins have been experiencing high growth rate, but not potential as bitcoin. Also bitcoin can't compete with fiat but will serve as a secondary option next to fiat. 
Topic: Bitcoin has no competition - page 72. (Read 43198 times)
At the moment Bitcoin doesn't have some serious competition among cryptocurrencies although there are many attempts some very ambitious. But in many ways Bitcoin still can't compete with fiat currencies and there is the space for progress. Gold is also the kind of competition so that is also one thing we have to have in mind.
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.
Hmm, maybe that is true. But you need to know, using bitcoin system similar to that of the world economy. If it is indeed being one of the bitcoin, certainly if it exceeds the maximum limit and if there has been no change that could replace the bitcoin then most likely the thinking and the way you do your analysis is wrong. Because some rare items, if no one can rival and give the advantage of some rare items are still there most likely give you a price that is very large and growing more popular
I believe this, Bitcoin has no competitors. It seems to be the longest exist electronic currency. Bitcoin is developing very strongly. Its value is constantly rising. As the demand of Bitcoin users has increased dramatically, miners and merchants are also increasing. In the electronic currency rankings, Bitcoin always stands first. Its value is also much higher than that of other electronic coins. Bitcoin has been around for a long time, and with the value of the present, I think it is hard to find a currency that can beat Bitcoin. Bitcoin is number one
I dont think so, maybe there are some currency their that already exist like litecoin. But in my opinion bitcoin and litecoin is a currency uses by many people, it doesnt mean they compete to each other but the who make competition? well, for me the people uses them are the one who keeps and holds bitcoin competed to each other, not the currencies.
Exactly that's what point also. Bitcoin is open to all, then why should we compete bitcoin to other cryptocurrency? There's no competition between then, not at all, it just happen that the users think about it and only users from bitcoin to other currency make some competition. Yes bitcoins growth is not yet over, and it will not over because as we can see it is more progressive and demand in the market nowadays
And how does Bitcoin openness prevent competition exactly?
I would rather say that it is this feature specifically that allows free competition between currencies since a free market (which is what all cryprocurrencies are essentially about) means just that, i.e. free competition. More specifically, a user himself has to make a free choice what currency he is going to stick to by valuating the benefits and advantages of this coin versus its downsides and drawbacks. So this is not about whether we want to compare Bitcoin to some other currency or not, it it how the matters stand in real life
Has no real competition because bitcoin is a unique digital currency. Those others cryptocurrency replicate the other features of bitcoin but they wouldn't do that. All users of bitcoin believe the popularity and dominant effect of it from other cryptocurrencies. They build a new one that better to bitcoin but no one believes that. I know that bitcoin become more popular in the coming years and the value will rise up. No need to compete with others.
Yes these new crypto coins who copy the features of bitcoin is not the real deal and they are going to crash soon but bitcoin is unique and will be used more widely in future so the only competition (not exactly competition but the threat) to bitcoin will be the government and security agencies who will try to get control over the bitcoin but it will not be possible.
If you're sure it will not be possible for them to control Bitcoin then they don't qualify to be regarded as threats. I genuinely don't see how one can overcome the blockchains decentralization, by banning Internet globally?
Has no real competition because bitcoin is a unique digital currency. Those others cryptocurrency replicate the other features of bitcoin but they wouldn't do that. All users of bitcoin believe the popularity and dominant effect of it from other cryptocurrencies. They build a new one that better to bitcoin but no one believes that. I know that bitcoin become more popular in the coming years and the value will rise up. No need to compete with others.
Yes these new crypto coins who copy the features of bitcoin is not the real deal and they are going to crash soon but bitcoin is unique and will be used more widely in future so the only competition (not exactly competition but the threat) to bitcoin will be the government and security agencies who will try to get control over the bitcoin but it will not be possible.
Bitcoin's only competition is Gold and other precious metals because they have a limited supply.
I think that's not a valid reason to become bitcoin's competitor. Tons of things in this life have limited supply. The only ones that aren't limited in this world are renewable resources which replenish in a short period of time.
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.
I quite don't get what you're trying to say here, tbh. The people will want the coins because we've already reached the limit? I don't think it's why would they want to get bitcoins. Bitcoin is already scarce right this moment since the supply of the new coins is far less than the amount of bitcoins currently in regulation. I doubt that there will ever be one person to hold all the supply of bitcoins because not everyone wants to sell their coin.
After all, any one who has the capacity to buy all the bitcoins will know that it has a downside. One of those is that the people might just switch to another coin instead of buying bitcoins from him. And even when every single coin is just in one person, when he starts selling coins, eventually the coin will be available to most people again.
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.
has no competition till now, has changed many lives around the globe who really depends on it. But we don't know how the future of going to be, but really many people will remember it till their death.
yes that is very right, i think do not have any competition, is one of the best online currency of the world and hope that it will continue its status for ever and no other currency will compete it. Has no real competition because bitcoin is a unique digital currency. Those others cryptocurrency replicate the other features of bitcoin but they wouldn't do that. All users of bitcoin believe the popularity and dominant effect of it from other cryptocurrencies. They build a new one that better to bitcoin but no one believes that. I know that bitcoin become more popular in the coming years and the value will rise up. No need to compete with others.
Apart from bitcoin all the digital currencies called as altcoins. this is been due to bitcoin is invented first, price rate, range of adoption and etc... In recent days price dropped nearly around 200$ but now again bitcoin price is moving up and touched 1030$ again. No any competition for btc since its been top from the scratch.
I believe this, Bitcoin has no competitors. It seems to be the longest exist electronic currency. Bitcoin is developing very strongly. Its value is constantly rising. As the demand of Bitcoin users has increased dramatically, miners and merchants are also increasing. In the electronic currency rankings, Bitcoin always stands first. Its value is also much higher than that of other electronic coins. Bitcoin has been around for a long time, and with the value of the present, I think it is hard to find a currency that can beat Bitcoin. Bitcoin is number one
I dont think so, maybe there are some currency their that already exist like litecoin. But in my opinion bitcoin and litecoin is a currency uses by many people, it doesnt mean they compete to each other but the who make competition? well, for me the people uses them are the one who keeps and holds bitcoin competed to each other, not the currencies.
Exactly that's what point also. Bitcoin is open to all, then why should we compete bitcoin to other cryptocurrency? There's no competition between then, not at all, it just happen that the users think about it and only users from bitcoin to other currency make some competition. Yes bitcoins growth is not yet over, and it will not over because as we can see it is more progressive and demand in the market nowadays
In terms of world wide market Maybe there is but im just focusing in crypto cuurrency exchange, though they have no competitors but still there are people always think that bitcoin and other crypto currency are in competition. In my case, even there many kinds of crypto currency, but still i would prefer to use bitcoin until the last of it
yes it's true that btc has no competition now but can't say same for future.
Also, ETH is currently doing good so there's a chance that it might be a good competition for bitcoin.
yes that is a fact that there is no such currency which can compete with bitcoin. bitcoin is the number one currency of the world and hope that it will continue as number one currency for ever. Also, ETH is currently doing good so there's a chance that it might be a good competition for bitcoin.
There are no currency which can compete with bitcoin is true but competition is always required to get the best out of everything so i think there should be some competition and we have realized in past 48 hours there are other crypto coin which can compete bitcoin in future.
I believe this, Bitcoin has no competitors. It seems to be the longest exist electronic currency. Bitcoin is developing very strongly. Its value is constantly rising. As the demand of Bitcoin users has increased dramatically, miners and merchants are also increasing. In the electronic currency rankings, Bitcoin always stands first. Its value is also much higher than that of other electronic coins. Bitcoin has been around for a long time, and with the value of the present, I think it is hard to find a currency that can beat Bitcoin. Bitcoin is number one
I dont think so, maybe there are some currency their that already exist like litecoin. But in my opinion bitcoin and litecoin is a currency uses by many people, it doesnt mean they compete to each other but the who make competition? well, for me the people uses them are the one who keeps and holds bitcoin competed to each other, not the currencies.
Exactly that's what point also. Bitcoin is open to all, then why should we compete bitcoin to other cryptocurrency? There's no competition between then, not at all, it just happen that the users think about it and only users from bitcoin to other currency make some competition. Yes bitcoins growth is not yet over, and it will not over because as we can see it is more progressive and demand in the market nowadays
I believe this, Bitcoin has no competitors. It seems to be the longest exist electronic currency. Bitcoin is developing very strongly. Its value is constantly rising. As the demand of Bitcoin users has increased dramatically, miners and merchants are also increasing. In the electronic currency rankings, Bitcoin always stands first. Its value is also much higher than that of other electronic coins. Bitcoin has been around for a long time, and with the value of the present, I think it is hard to find a currency that can beat Bitcoin. Bitcoin is number one
I dont think so, maybe there are some currency their that already exist like litecoin. But in my opinion bitcoin and litecoin is a currency uses by many people, it doesnt mean they compete to each other but the who make competition? well, for me the people uses them are the one who keeps and holds bitcoin competed to each other, not the currencies.
Exactly that's what point also. Bitcoin is open to all, then why should we compete bitcoin to other cryptocurrency? There's no competition between then, not at all, it just happen that the users think about it and only users from bitcoin to other currency make some competition. Yes bitcoins growth is not yet over, and it will not over because as we can see it is more progressive and demand in the market nowadays
Bitcoin is only digital currency right now and I don't see any competition to it at a moment but things may change in future when it may get replaced some new and innovative currency and till it happens enjoy the ride with bitcoins as it will never disappear.
It has competition from many government and security agencies i just hope bitcoin get's equally distributed around the world so that the bitcoin controller china can stop manipulating the price of bitcoin. Yes that's so true bitcoin has many competition from government and security agencies due to it's anonymity and not only there might be some other coins like DASH and ETH which can give good competition to bitcoin in future as they have not yet reached the level of bitcoin yet.
Has no real competition because bitcoin is a unique digital currency. Those others cryptocurrency replicate the other features of bitcoin but they wouldn't do that. All users of bitcoin believe the popularity and dominant effect of it from other cryptocurrencies. They build a new one that better to bitcoin but no one believes that. I know that bitcoin become more popular in the coming years and the value will rise up. No need to compete with others.
Bitcoin is only digital currency right now and I don't see any competition to it at a moment but things may change in future when it may get replaced some new and innovative currency and till it happens enjoy the ride with bitcoins as it will never disappear.
It has competition from many government and security agencies i just hope bitcoin get's equally distributed around the world so that the bitcoin controller china can stop manipulating the price of bitcoin. The reason is that the people are going toward the dash , ETH , monero etc like big altcoins Because they are going increasing rapidly in the price value and price . And also the speed of confirmation in the dash is much more fast then in the bitcoin , so here in my opinion the bitcoin needed a big improvement in his network to make more powerful and better to confirm his transactions speedly , so that no one coins or altcoin can jump over the bitcoin .
Bitcoin is only digital currency right now and I don't see any competition to it at a moment but things may change in future when it may get replaced some new and innovative currency and till it happens enjoy the ride with bitcoins as it will never disappear.
It has competition from many government and security agencies i just hope bitcoin get's equally distributed around the world so that the bitcoin controller china can stop manipulating the price of bitcoin. If we look at the price and at the value, bitcoin certainly doesn't have any competition from any other cryptocurrency.
If we look at popularity bitcoin again has no competition.
The number of people who have been bitcoin's supporters is increasing daily so in my opinion bitcoin certainly has no competition. Whenever we talk about cryptocurrency the only thought which comes to our minds is that of bitcoin and no other coin. Even the people who are not into cryptocurrency as much as we are have heard about bitcoin but not about other coins so bitcoin has no potential competitor.
If we look at popularity bitcoin again has no competition.
The number of people who have been bitcoin's supporters is increasing daily so in my opinion bitcoin certainly has no competition. Whenever we talk about cryptocurrency the only thought which comes to our minds is that of bitcoin and no other coin. Even the people who are not into cryptocurrency as much as we are have heard about bitcoin but not about other coins so bitcoin has no potential competitor.
That's entirely false since any one that knows about altcoins will think of them as well when cryptocurrency in general was the topic and not bitcoin specifically. Bitcoin certainly has tons of potential competitor. However, none of them has gained as much attention as bitcoin has so nothing has come near bitcoin's level.
I believe this, Bitcoin has no competitors. It seems to be the longest exist electronic currency. Bitcoin is developing very strongly. Its value is constantly rising. As the demand of Bitcoin users has increased dramatically, miners and merchants are also increasing. In the electronic currency rankings, Bitcoin always stands first. Its value is also much higher than that of other electronic coins. Bitcoin has been around for a long time, and with the value of the present, I think it is hard to find a currency that can beat Bitcoin. Bitcoin is number one
The value is constantly rising but the price isn't. Somebody else might comment on your post saying that it's not constantly rising because of the price fluctuations but value is not the same thing as price. Although the price indicates how much people are willing to pay for a coin
The price is a measure of value
Since otherwise how are you going to assess the value of something? Something can be undervalued (i.e. people not valuing it high as it deserves) but can it be underpriced? I anticipate that you are going to start claiming that the price can be below (or above) the true value of something, but this is only possible when there is no market for it, i.e. no mechanism in place through which it could be possible to determine a proper price to that thing. Obviously, this is not the case with Bitcoin, and Bitcoin price can be used synonymously and interchangeably with Bitcoin value
Well, in my opinion this is very very true that I know alternative right now off to Bitcoin so I can succeed by itself alternative currencies to Bitcoin all depend on the likelihood of Bitcoin to survive because Bitcoin has the reputation of being the first cryptocurrency released.
Obviously that could be future for some dick when that can be drastically improved and I'm not saying that Bitcoin is perfect but right now as we can see there are no clue competitors that are able to succeed over Bitcoin
Obviously that could be future for some dick when that can be drastically improved and I'm not saying that Bitcoin is perfect but right now as we can see there are no clue competitors that are able to succeed over Bitcoin
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