Pages:
Author

Topic: Bitcoin has no competition - page 78. (Read 43198 times)

hero member
Activity: 1022
Merit: 500
March 14, 2017, 11:50:03 PM
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.
It is true that  no altcoin can overtake the value of bitcoin, though in some terms of technology which altcoin it has more features that is more greater than bitcoin, because there are some altcoin selling a goods like debit card which bitcoin can't do, and because of this things altcoin is helping bitcoin to promote it as well,  though it may not increase like the value of bitcoin has it now.
legendary
Activity: 2744
Merit: 1174
March 14, 2017, 05:38:00 PM
it may take some time but there will be, either Eth or DASH will soon rise you to compete BTC with almost same price. the crypto market has been exposed to people who are looking for investment through the help of SEC and now they are gathering as much as they can. prices will soon rise.
You must be joking. Litecoin, the oldest altcoin hasn't made it even half way and you think the others will? Altcoin investors are usually in for a quick buck and they will cash out multiple times crashing the price. For an altcoin to reach 500$ or 600$ there would have to be a miracle, in other words Bitcoin would have to fork or have a fatal flaw exposed for people to drop it and invest in one of the alts. The investment has to come from somewhere and there's not enough interest in altcoins for people to push one of them to the same market cap that Bitcoin has.
sr. member
Activity: 1498
Merit: 271
DGbet.fun - Crypto Sportsbook
March 14, 2017, 05:32:29 PM
At the moment, it has no competition and I forsee it remaining this way for a long time. Bitcoin is the premier cryptocurrency and the rest look up to it for ideas and improvements hence it will have no competition until a better cryptocurrency arrives and I don't think it's in the near future.

Bitcoin has lots of competitors but glad to say at this point they are far behind.  It is really the first mover that made Bitcoin this popular.  As the pioneer and first decentralized blockchain, people was amazed and enthusiastically promote Bitcoin.  It effect never waned but I'm afraid he scaling issue will be the biggest set back of Bitcoin if not solved.
sr. member
Activity: 812
Merit: 251
March 14, 2017, 03:51:53 PM
At the moment, it has no competition and I forsee it remaining this way for a long time. Bitcoin is the premier cryptocurrency and the rest look up to it for ideas and improvements hence it will have no competition until a better cryptocurrency arrives and I don't think it's in the near future.
legendary
Activity: 3178
Merit: 1054
March 14, 2017, 03:33:21 PM
it may take some time but there will be, either Eth or DASH will soon rise you to compete BTC with almost same price. the crypto market has been exposed to people who are looking for investment through the help of SEC and now they are gathering as much as they can. prices will soon rise.
sr. member
Activity: 546
Merit: 257
March 14, 2017, 03:30:02 PM
Among all the cryptocurrencies , bitcoins price is high . It doesnt mean that bitcoin has no competition. Bitcoin is more popular and familiar to common people because it is the first of its kind and  people started to buy bitcoins. Because of that it price increases day by day and it always appears in the headlines of all news portal. All other coins are not so popular. Thats why people prefer bitcoin than other altcoins. Now altcoins also started to get popular. In the near future they can also become a good competitor to bitcoin.

Bitcoin just got the highest price thats why many people use it. But thay also use other cryptocurrency because they also want to earn bitcoin, if you know what I mean.
They mine other altcoins because it is easy to mine than bitcoin. Bitcoin is really hard now to mine, thats why we just mine altcoin and trade it to bitcoin.
hero member
Activity: 588
Merit: 500
March 14, 2017, 03:26:26 PM
As far I observe these past years when I am into bitcoin, no other cyrptocurrency can compete into bitcoin. Because bitcoin is leading on top of the market. It become the most used as digital currency over the world and become popular though.


Bitcoin has been in use for many years and has a somewhat proven track record. Any other similar currency would have to prove itself similarly.
I think that any similar currency could only compete with Bitcoin if it were to use entirely new and revolutionary technology. Or perhaps if a similar currency has a huge appreciation in value, more than Bitcoin. That would definitely attract attention.

yes that is very right to say that bitcoin has no competition. as bitcoin is the world number one crypto currency and hope that it will continue as number crypt currency of the world.
hero member
Activity: 770
Merit: 500
March 14, 2017, 03:24:32 PM
Among all the cryptocurrencies , bitcoins price is high . It doesnt mean that bitcoin has no competition. Bitcoin is more popular and familiar to common people because it is the first of its kind and  people started to buy bitcoins. Because of that it price increases day by day and it always appears in the headlines of all news portal. All other coins are not so popular. Thats why people prefer bitcoin than other altcoins. Now altcoins also started to get popular. In the near future they can also become a good competitor to bitcoin.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
March 14, 2017, 02:17:30 PM
It maybe but still varies in what future development will developers do to improve bitcoin.As you can see when etf is rejected too much graph drop on bitcoins price lately this may be a problem
The drops of the price of bitcoin in different markets are not that big deal because of the etf. Those drops are normal for this kind of young coin or currency because it doesn't have a fix value and it always depend on the demand of the people. The previous drop was almost recovered because the price of bitcoin now is continue crawling to 1300$ again.
member
Activity: 97
Merit: 10
March 14, 2017, 12:24:30 PM
As far I observe these past years when I am into bitcoin, no other cyrptocurrency can compete into bitcoin. Because bitcoin is leading on top of the market. It become the most used as digital currency over the world and become popular though.


Bitcoin has been in use for many years and has a somewhat proven track record. Any other similar currency would have to prove itself similarly.
I think that any similar currency could only compete with Bitcoin if it were to use entirely new and revolutionary technology. Or perhaps if a similar currency has a huge appreciation in value, more than Bitcoin. That would definitely attract attention.
sr. member
Activity: 426
Merit: 250
March 12, 2017, 04:05:03 AM
It maybe but still varies in what future development will developers do to improve bitcoin.As you can see when etf is rejected too much graph drop on bitcoins price lately this may be a problem
If we compare prices on trade exchanges, bitcoin leads in all respects in terms of growth and level of value. Perhaps we are seeing a monopoly on the currency market in the future.
sr. member
Activity: 1484
Merit: 276
March 11, 2017, 11:45:15 PM
It maybe but still varies in what future development will developers do to improve bitcoin.As you can see when etf is rejected too much graph drop on bitcoins price lately this may be a problem
hero member
Activity: 1414
Merit: 505
Backed.Finance
March 11, 2017, 11:40:00 PM
Yes indeed. Bitcoin has no competition because it is the main and still the most used cryptocurrency in the market. I don't think that the altcoins are competitors because they can't be a competitor since they are just created because they stole ideas of bitcoin and they can't stand alone without bitcoin.
There are some altcoin that have good prospects in the future to grow, but it will not be able to compete and defeat bitcoin. You're right, bitcoin is the main crypto and many people use it. Altcoin is basically part of technology bitcoin that modified or developed, so it is still from the bitcoin. And most altcoin not last long. So if say bitcoin has no competition, it's probably true.

I do agree with altcoins,there are altcoins which has a better backing from a group of investor. Bitcoin is the pioneer in cryptocurrency and established its credibility but there are altcoins also who can rival or challenged bitcoin. Take for example the ETHereum, it has also several good projects on lineup.
newbie
Activity: 33
Merit: 0
March 11, 2017, 10:35:43 PM
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

There are some other crypto coins that are in competition but i dont think any other crypto currency or any currency can overtake bitcoin.Bitcoin users are increasing day by day in large numbers.
sr. member
Activity: 1638
Merit: 300
March 11, 2017, 10:14:02 PM
As far I observe these past years when I am into bitcoin, no other cyrptocurrency can compete into bitcoin. Because bitcoin is leading on top of the market. It become the most used as digital currency over the world and become popular though.

If we talk about present days still there is no cryptocurrency that will replace bitcoin or compete with bitcoin. Bitcoin growing day by day, more people trust bitcoin and invest into bitcoin, bitcoin will stay at no 01 for long time.

Yes bitcoin will stay number 1, but if you think about why are they using it, it makes sense when you say that because it has the highest price with other altcoins. If litecoin has the higher price than bitcoin it will be used and be more popular than bitcoin.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
March 11, 2017, 10:06:54 PM
No offence OP. Stating that Bitcoin doesn't have any competition is pretty naive, there is an investment that is going up in value as time goes by. That investment is called Gold.
It may not seem like it's worth a bunch of money right now because of the volitility of the price though if you look beyond the USD price chart you will see that there wasn't a set price for Gold.

Gold is really a safe haven for some who know how to just count measurements and is more reliable than Bitcoin.

So, yes Bitcoin does have a competitor.
Gold will always be a competitor and not only to bitcoin but to fiat currencies as well since we must not forget that gold has been the currency of choice for thousands of years while fiat has been around in its current form just for a hundreds of years.
I think gold is not a competitor for bitcoin because they are so different to each other. Gold can be physical and virtual investment while bitcoin is just virtual and bitcoin is a currency/digital money while gold is just an investment or asset so for me we can't consider gold as a competitor but in my opinion, altcoins are more like bitcoin competitor rather than gold.
hero member
Activity: 840
Merit: 502
March 11, 2017, 09:51:12 PM
No offence OP. Stating that Bitcoin doesn't have any competition is pretty naive, there is an investment that is going up in value as time goes by. That investment is called Gold.
It may not seem like it's worth a bunch of money right now because of the volitility of the price though if you look beyond the USD price chart you will see that there wasn't a set price for Gold.

Gold is really a safe haven for some who know how to just count measurements and is more reliable than Bitcoin.

So, yes Bitcoin does have a competitor.
Gold will always be a competitor and not only to bitcoin but to fiat currencies as well since we must not forget that gold has been the currency of choice for thousands of years while fiat has been around in its current form just for a hundreds of years.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
March 11, 2017, 10:53:08 AM
As far I observe these past years when I am into bitcoin, no other cyrptocurrency can compete into bitcoin. Because bitcoin is leading on top of the market. It become the most used as digital currency over the world and become popular though.

its true and i am agree with you but what competitor the OP mean? if the competitor is from crypto currency then i think bitcoin has no competitor and bitcoin will always remain in top of crypto currency. but if the competitor is from another thing like gold, then i think bitcoin can compete with gold with all of the benefit from bitcoin and gold and its depend on people, what they want to do and what they want to use as their investment.
hero member
Activity: 924
Merit: 500
March 11, 2017, 10:12:41 AM
I don't see any reason that bitcoin is competing any business in this world. Maybe other business they're thinking bitcoin is competing them but why some of the business is adopting the system of bitcoin, if bitcoin is competing them like Dell, Amazon, and Apple, those are one of the well known company in the whole world.
sr. member
Activity: 1484
Merit: 253
March 11, 2017, 09:36:07 AM
It has no competition on bitcoin because the currency is digital and even though price is higher or lower, everything is carried out from the top units until to the smallest unit of btc. We all know that there were more altcoins of btc but in the most part bitcoin is the mainstream of all, and competition doesn't toke place due to equalities of the values if we think of the whole part of bitcoin and not into several coins.
Pages:
Jump to: