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Topic: Bitcoin has no competition - page 75. (Read 43198 times)

hero member
Activity: 924
Merit: 500
March 18, 2017, 02:14:40 AM
Altcoins is a big help actually to anyone, because with it we can have a chance get bitcoin. In fact, for me altcoin is supporting bitcoin in some other way.
hero member
Activity: 2002
Merit: 516
March 17, 2017, 09:06:57 PM
I don't want to believe this but it looks real. ETH and BTC has the same amount of trading volume for the last 24 hours on btc-e. (20M $/24h)

Do people really think that eth is the next bitcoin? (sounds like a shit idea tbh) Or is there a huge scam going on?
It was the past when it was thought that Ethereum is the competitor of bitcoin and will go to become a next bitcoin as after ts hack people have lost trust on it fully and now mostly traders buy and sell ethereum coin as they think anytime any issue can happen with this technology.
you are right and i will add that even in that time in the past ethereum was unable to compete bitcoin because bitcoin was mush established than ethereum and ethereum was just in the starting points of its progress. They both were in their way and the speed of bitcoin was faster so even in that time bitcoin had no competition.

Today I do not see a single cryptocurrency that could compete with bitcoin. Now one leader is bitcoin. Despite the fact that he also has his own problems and shortcomings

Today maybe yes, but if they make hard fork and Bitcoin Unlimited win with BTC it can be the end of (old) Bitcoin (the king is dead, long live the king) It will be also very big chance for other cryptocurrencies - especially for ETH and DASH to jump up..
full member
Activity: 140
Merit: 100
March 17, 2017, 04:53:13 PM
I don't want to believe this but it looks real. ETH and BTC has the same amount of trading volume for the last 24 hours on btc-e. (20M $/24h)

Do people really think that eth is the next bitcoin? (sounds like a shit idea tbh) Or is there a huge scam going on?
It was the past when it was thought that Ethereum is the competitor of bitcoin and will go to become a next bitcoin as after ts hack people have lost trust on it fully and now mostly traders buy and sell ethereum coin as they think anytime any issue can happen with this technology.
you are right and i will add that even in that time in the past ethereum was unable to compete bitcoin because bitcoin was mush established than ethereum and ethereum was just in the starting points of its progress. They both were in their way and the speed of bitcoin was faster so even in that time bitcoin had no competition.

Today I do not see a single cryptocurrency that could compete with bitcoin. Now one leader is bitcoin. Despite the fact that he also has his own problems and shortcomings
hero member
Activity: 588
Merit: 500
March 17, 2017, 04:52:31 PM
I don't want to believe this but it looks real. ETH and BTC has the same amount of trading volume for the last 24 hours on btc-e. (20M $/24h)

Do people really think that eth is the next bitcoin? (sounds like a shit idea tbh) Or is there a huge scam going on?
It was the past when it was thought that Ethereum is the competitor of bitcoin and will go to become a next bitcoin as after ts hack people have lost trust on it fully and now mostly traders buy and sell ethereum coin as they think anytime any issue can happen with this technology.
but i do not think that there is any competitor to bitcoin, bitcoin is the number one currency of the world and  will also remain the number currency of the world, because peole are accepting bitcoin as currency of
hero member
Activity: 644
Merit: 500
March 17, 2017, 03:36:48 PM
I don't want to believe this but it looks real. ETH and BTC has the same amount of trading volume for the last 24 hours on btc-e. (20M $/24h)

Do people really think that eth is the next bitcoin? (sounds like a shit idea tbh) Or is there a huge scam going on?
It was the past when it was thought that Ethereum is the competitor of bitcoin and will go to become a next bitcoin as after ts hack people have lost trust on it fully and now mostly traders buy and sell ethereum coin as they think anytime any issue can happen with this technology.
you are right and i will add that even in that time in the past ethereum was unable to compete bitcoin because bitcoin was mush established than ethereum and ethereum was just in the starting points of its progress. They both were in their way and the speed of bitcoin was faster so even in that time bitcoin had no competition.
hero member
Activity: 655
Merit: 500
March 17, 2017, 03:27:07 PM
I'm not sure if other digital currencies will deliver meaningful competition to bitcoin. It could happen, but the network effect and momentum that bitcoin already has would be hard to overcome.
yes no doubt about this that it can happen but i think still it is not such ans easy job as bitcoin is still the number one currency and not a single currency is still trading so near to bitcoin, i am hopeful that after some good time bitcoin will become more and more stronger.
hero member
Activity: 1022
Merit: 521
March 17, 2017, 02:19:20 PM
I don't want to believe this but it looks real. ETH and BTC has the same amount of trading volume for the last 24 hours on btc-e. (20M $/24h)

Do people really think that eth is the next bitcoin? (sounds like a shit idea tbh) Or is there a huge scam going on?
It was the past when it was thought that Ethereum is the competitor of bitcoin and will go to become a next bitcoin as after ts hack people have lost trust on it fully and now mostly traders buy and sell ethereum coin as they think anytime any issue can happen with this technology.
legendary
Activity: 3276
Merit: 2442
March 17, 2017, 02:14:09 PM
I don't want to believe this but it looks real. ETH and BTC has the same amount of trading volume for the last 24 hours on btc-e. (20M $/24h)

Do people really think that eth is the next bitcoin? (sounds like a shit idea tbh) Or is there a huge scam going on?
sr. member
Activity: 382
Merit: 250
March 17, 2017, 02:10:06 PM
Currently, we can say bitcoin has no competition but I hope it will keep it for that long not because I am a doom prophet but because of the factors involved firstly is the fact that the price of bitcoin if it becomes unaffordable then I see people looking for options here and there, another is the issue of anonymity which is being contested as other crypto are coming to beat that among other several reasons.
Of course, bitcoin leads in all directions, and in the field of crypto currency, bitcoin does not really have any competitors. But if you compare all the currencies of the world, then the dollar still has the greatest demand, and it is used by many more people.
sr. member
Activity: 422
Merit: 251
March 17, 2017, 01:55:37 PM
Bitcoin is officially garbage, spent 3 hours sending a transaction last night. I'm over it.

Let me guess, you didn't add a fee?
hero member
Activity: 1330
Merit: 569
March 17, 2017, 01:48:00 PM
Currently, we can say bitcoin has no competition but I hope it will keep it for that long not because I am a doom prophet but because of the factors involved firstly is the fact that the price of bitcoin if it becomes unaffordable then I see people looking for options here and there, another is the issue of anonymity which is being contested as other crypto are coming to beat that among other several reasons.
sr. member
Activity: 406
Merit: 250
March 17, 2017, 01:28:25 PM
I'm not sure if other digital currencies will deliver meaningful competition to bitcoin. It could happen, but the network effect and momentum that bitcoin already has would be hard to overcome.
i think yes there is no doubt that not a single currency can compete bitcoin. bitcoin is the number one currency of the world and i am hopeful that even in future bitcoin will remain as number one currency of the world, i think that a time will come when bitcoin will even overtake USD.

I wish it happens but competitions are something which brings best out of everything and bitcoin has competitions with other altcoins and i am sure bitcoin will come over those challenges to remain number one but bitcoin will not replace any fiat.
sr. member
Activity: 285
Merit: 250
March 17, 2017, 01:26:32 PM
Bitcoin is officially garbage, spent 3 hours sending a transaction last night. I'm over it.
sr. member
Activity: 714
Merit: 250
Defend Bitcoin and its PoW: bitcoincleanup.com
March 17, 2017, 01:26:03 PM
Well, if there are alt coins taking over bitcoins then I guess we have to take advantage on that. But listen, you cannot buy ETH using Monero or vice versa... those coins needs to be sold in BTC first before buying another altcoin... so BTC surely is staying.


Bitcoin is a king of crypto currency and altcoins are too small in compare to bitcoins and they will never achieve the position that bitcoin has achieved so I don't think there is any competition for bitcoin in crypto world but fiat can be treated as its competitor as many people are not aware about bitcoins and are using only fiat currency.
legendary
Activity: 3024
Merit: 2148
March 17, 2017, 01:08:06 PM
First, having no competition is really bad for any project, since competition drives progress. Without it devs could relax and take years before implementing new features or even not think about them at all. But thanks to alternative currencies there is a pressure to work faster and better on development of Bitcoin. In my opinion right now Dash, Monero and Ethereum are the only altcoins that can compete directly with Bitcoin, and though they are far from taking #1 spot, they all have a lot of value and innovation, so if Bitcoin will take the wrong turn on its development, we might have one of those coins as the main cryptocurrency within next 2-3 years.
newbie
Activity: 33
Merit: 0
March 17, 2017, 12:11:00 PM
Well, if there are alt coins taking over bitcoins then I guess we have to take advantage on that. But listen, you cannot buy ETH using Monero or vice versa... those coins needs to be sold in BTC first before buying another altcoin... so BTC surely is staying.
legendary
Activity: 1792
Merit: 1283
March 17, 2017, 11:39:48 AM
I'm not sure if other digital currencies will deliver meaningful competition to bitcoin. It could happen, but the network effect and momentum that bitcoin already has would be hard to overcome.
i think yes there is no doubt that not a single currency can compete bitcoin. bitcoin is the number one currency of the world and i am hopeful that even in future bitcoin will remain as number one currency of the world, i think that a time will come when bitcoin will even overtake USD.
I seriously doubt that Bitcoin will stay #1 forever, just look at the succes that ETH and DASH are having currently.
I'm guessing it might have something to do with Bitcoin's current situation, which will not end soon I'm afraid.

Once dash breaks 100 dollars, I can easily see it overtaking Bitcoin's first spot.
hero member
Activity: 952
Merit: 503
March 17, 2017, 10:59:26 AM
If you pay attention to other crypto currencies, bitcoin is not the only one of its kind, but it is users who make valuable crypto currency due to the demand, and consequently popularity. But if you consider the real currency as a competitor bitcoin, then I think that this is wrong.

I guess to compare the bitcoin into fiat is wrong, since fiat is in real world money while bitcoin is in crypto world, they are totally in different, I think the way they spend they will be similar but there is nothing more.  Bitcoin should be compare with other altcoins which are also digital.
i agree with you that there is a big difference between real money and bitcoin crypto currency because we know that bitcoin can be just use for online transaction and real money can be use for direct shopping in local shopping center.
sr. member
Activity: 619
Merit: 250
March 17, 2017, 10:27:48 AM
If you pay attention to other crypto currencies, bitcoin is not the only one of its kind, but it is users who make valuable crypto currency due to the demand, and consequently popularity. But if you consider the real currency as a competitor bitcoin, then I think that this is wrong.

I guess to compare the bitcoin into fiat is wrong, since fiat is in real world money while bitcoin is in crypto world, they are totally in different, I think the way they spend they will be similar but there is nothing more.  Bitcoin should be compare with other altcoins which are also digital.
Even though they are different, Bitcoin can still compare with Fiat due to many different reasons. Bitcoin is faster, smarter, more awesome and can make the world better. The anonymity and the security are the best features in bitcoin and up to know, many people are enjoying to use this type of currency. However, confirmation time is now the important issue which need to be solved asap or Bitcoin will be totally destroyed
hero member
Activity: 812
Merit: 500
March 17, 2017, 10:20:09 AM
If you pay attention to other crypto currencies, bitcoin is not the only one of its kind, but it is users who make valuable crypto currency due to the demand, and consequently popularity. But if you consider the real currency as a competitor bitcoin, then I think that this is wrong.

I guess to compare the bitcoin into fiat is wrong, since fiat is in real world money while bitcoin is in crypto world, they are totally in different, I think the way they spend they will be similar but there is nothing more.  Bitcoin should be compare with other altcoins which are also digital.
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