Bitcoin has no competition - page 80.

Victorycoin

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Quote from: choppork on March 10, 2017, 01:41:10 AM

Quote from: Maslate on March 09, 2017, 10:06:35 PM

Quote from: BreakingSlow on March 08, 2017, 10:55:35 AM

I wouldn't say that the Bitcoin has no competition because there are some people who like to use other currencies over the Bitcoin.
But the Bitcoin does have a major lead in popularity and worth ahead of the other currencies.

The competition is only with fiat but in crypto world, bitcoin is obviously leading them all and if bitcoin will continue to succeed the crypto market will also progress as a whole. For now we should be thinking that bitocin and fiat are different and if we compare it with bitcoin, we know already that bitcoin is nothing compared to fiat which is most widely use in this world.

I don't think so. Supposed that bitcoins skyrocketed to $10K because of mass adoption and all. I don't see why would that success will be the success of other cryptos as well. What I'm saying is that a dump coin will continue to be a dump coin regardless of bitcoin's success. At the time bitcoin is having some real success, there would be new coins coming in but the old coins will continue to be what they are unless someone picks it up and hype it up which is very unlikely to happen.

Just think of it as the success of an individual doesn't correlates to other people's success. I can become successful but other people won't get successful too just because I am.

It is obvious the real competition Bitcoin is having is with the fiat currencies and that's the real threat the governments see in Bitcoin and not all those "use for illegal this and that." As for the altcoins, they are all copies and descendants of Bitcoin and so far we are yet to see anyone that a match for Bitcoin. Some of them however have some high points and so enjoys the ride the success of Bitcoin brings to the crypto industry, while a good number should be resident in the trash.

KingTylerVVS

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alt coins can take stress off the blockchain, but other than that they have no major use. why reinvewnt the wheel

batang_bitcoin

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Quote from: sevendust777 on March 09, 2017, 10:50:22 PM

All I can say that bitcoin has no competition. Crypto being compete into bitcoin but still the best is bitcoin. Nowadays, bitcoin is leading in the market because of its price that no other can compete of because of its popularity and demand. Bitcoin is being on top nowadays...

As far as I know, bitcoin got lot of competition / competitors. But the good thing is that no one is able to surpass it. Because most of us are into bitcoin and we are using it as the mainstream in crypto currency. For the rest alt coins, it is just good for trading and only few alt coins are good to use as a subordinate of bitcoin as another currency.

jovs

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Quote from: shamzblueworld on August 16, 2016, 09:00:38 AM

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.

Like you , i am not also using different crypto currency . Why? Because as of now we all know that bitcoin is upgrading and its value increases on its highest peak, so what is the reason for us to used other crypto currencies? And there no such thing as bitcoin 2.0 the best way is to just develop more the bitcoin of today for the future. We dont need a new crypto currency or other thing ,the bitcoin is okay as of now we just need to develop and support it more for its value to increase more and for the buisness to be open on accepting bitcoins. If its happen bitcoin would be the next currency of the future.

choppork

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Quote from: Maslate on March 09, 2017, 10:06:35 PM

Quote from: BreakingSlow on March 08, 2017, 10:55:35 AM

I wouldn't say that the Bitcoin has no competition because there are some people who like to use other currencies over the Bitcoin.
But the Bitcoin does have a major lead in popularity and worth ahead of the other currencies.

The competition is only with fiat but in crypto world, bitcoin is obviously leading them all and if bitcoin will continue to succeed the crypto market will also progress as a whole. For now we should be thinking that bitocin and fiat are different and if we compare it with bitcoin, we know already that bitcoin is nothing compared to fiat which is most widely use in this world.

I don't think so. Supposed that bitcoins skyrocketed to $10K because of mass adoption and all. I don't see why would that success will be the success of other cryptos as well. What I'm saying is that a dump coin will continue to be a dump coin regardless of bitcoin's success. At the time bitcoin is having some real success, there would be new coins coming in but the old coins will continue to be what they are unless someone picks it up and hype it up which is very unlikely to happen.

Just think of it as the success of an individual doesn't correlates to other people's success. I can become successful but other people won't get successful too just because I am.

sevendust777

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All I can say that bitcoin has no competition. Crypto being compete into bitcoin but still the best is bitcoin. Nowadays, bitcoin is leading in the market because of its price that no other can compete of because of its popularity and demand. Bitcoin is being on top nowadays...

Schuyler

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For me, bitcoin’s competition is itself. There’s still no consensus as to which way to move forward and develop into something that offers a win-win solution. This has lead to higher fees and congested network that makes confirmations take too long. Sooner or later, something must be done to figure out something that doesn't put bitcoin in a bad light.

Maslate

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Message @Hhampuz if you are looking for a CM!

Quote from: BreakingSlow on March 08, 2017, 10:55:35 AM

I wouldn't say that the Bitcoin has no competition because there are some people who like to use other currencies over the Bitcoin.
But the Bitcoin does have a major lead in popularity and worth ahead of the other currencies.

The competition is only with fiat but in crypto world, bitcoin is obviously leading them all and if bitcoin will continue to succeed the crypto market will also progress as a whole. For now we should be thinking that bitocin and fiat are different and if we compare it with bitcoin, we know already that bitcoin is nothing compared to fiat which is most widely use in this world.

diagla

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Yes BTC is definitely the one with the most use and application but that doesn't show that it has no competition. As BTC becomes more expensive and as more coins are lost, it will be harder to buy in. It is very possible that another cryptocurrency may be more popular in a few years if BTC doesn't evolve.

The_Dark_Knight

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Quote from: pereira4 on August 16, 2016, 07:39:32 AM

All those FUDsters that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bticoin 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.

Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
There will be alts that pump really hard and make people millionaires, but no alt is going to surpass Bitcoin's strength and solidity. No coin will get a bigger marketcap. In the long term people holding 21+ BTC will be rewarded by history with rich-tier status for seeing the value in it before most people did. Do not let the FUDsters trick your mind or the trolls try to derrail the excellent job being done by Core devs.

Let's continue then our path towards inevitable triumph.

Bitcoin seems to be even more dominant than before, but there is no doubt that challenges still loom ahead, the problem of scalability keeps bitcoin from reaching its maximum potential and the usability of bitcoin has decreased as transactions fees keep getting higher and higher.

Dimelord

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I agree.Most of the other altcoins are just shit coins which are just pumped and dumped.Even the older altcoins still suffer in the race.Whenever bitcoin price increases,all the alts start bleeding.Just see what has happened to zcash and what was its price when it was first introduced.Nothing can match bitcoin.Bitcoin being the real king, other alts just doing make ups to show themselves as kings.

bravehearth0319

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Quote from: pereira4 on August 16, 2016, 07:39:32 AM

All those FUDsters that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bticoin 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.

Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
There will be alts that pump really hard and make people millionaires, but no alt is going to surpass Bitcoin's strength and solidity. No coin will get a bigger marketcap. In the long term people holding 21+ BTC will be rewarded by history with rich-tier status for seeing the value in it before most people did. Do not let the FUDsters trick your mind or the trolls try to derrail the excellent job being done by Core devs.

Let's continue then our path towards inevitable triumph.

Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
- Yes agreed on this things, bitcoin will remain as original and solid one virtual currency in the near future. and anywhere you go in a country there is a bitcoin lover always, which shows that bitcoin is very well known all around the world.

BreakingSlow

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I wouldn't say that the Bitcoin has no competition because there are some people who like to use other currencies over the Bitcoin.
But the Bitcoin does have a major lead in popularity and worth ahead of the other currencies.

szpalata

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Quote from: KennyR on March 08, 2017, 08:08:23 AM

Bitcoin doesn't have any competition to grow high. Altcoins are a form of digital currency to serve the same functionality similar to bitcoin. Altcoins too emerge as an development in technology based on the same blockchain technology.

Exactly, that's why they'll always be second to Bitcoin, they need to be innovative and get on running in order to give Bitcoin proper competition but if all they know is forking Bitcoin and other established Altcoins then Bitcoin will never have a real competition.

Oralmat

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Quote from: SvenBomvolen on March 05, 2017, 08:02:34 AM

But if to talk about all financial system generally. Bitcoin has no competition today. It took all the best sides of online payment, fiat, gold and others and joined in itself.
Bitcoin holds the first position among all crypto curencies today. But who can tell will it lead forever? Another crypto currency that can solve all minuses, yes, minuses are exist, of bitcoin can replace it one day.

Yeah, who can tell bitcoin will be remain always, may be in future any strong cryto currency will be, who has a comparison of bitcoin. Because now bitcoin is number one, may be after some years, some one create any other crypto who more strong than bitcoin, than definitely people will be attract to other crypto and than bitcoin will be lose. But it is just speculation, in reality bitcoin is still number one.

KennyR

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Bitcoin doesn't have any competition to grow high. Altcoins are a form of digital currency to serve the same functionality similar to bitcoin. Altcoins too emerge as an development in technology based on the same blockchain technology.

Xester

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Quote from: IIOII on January 06, 2017, 08:11:55 AM

There's some innovation in the altcoin scene. However there will likely never be enough to outmatch Bitcoin. In my opinion you would need an entirely new concept to achieve that.

Altcoins serve as a testing ground for new ideas. The good ones might later be integrated into Bitcoin, while the original altcoin is abandoned. The network effect of Bitcoin is just too strong for any other outcome. The key factor for the attractiveness of a cryptocurrency is the size of its user base and development community. No altcoin can compete with Bitcoin in that regard.

Alternative coins are not made to be a testing ground for new ideas. They are made by the developer to compete with bitcoin and to make profit. If you can noticed the developers are selling their coins to the public and the main idea is so that they can get profit from the coin that they created. Some coins succeed but others have failed and are considered shitcoins.

Fatanut

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Quote from: pinkpanther03 on March 05, 2017, 02:33:55 PM

Quote from: Hazir on August 16, 2016, 08:14:17 AM

Quote from: gentlemand on August 16, 2016, 08:08:01 AM

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.

I could release mysmellyarsecoin tomorrow, print 20 million tokens, hype the shit out of it and put ten up for sale. Hey presto, I've just taken 10% of Bitcoin's market cap.

The coins that have taken Bitcoin's market cap have precisely zero use. That's when they're not forking all over the place.

The main use for all of it is still speculation by a long, long way. Bitcoin is the only one with a sliver of utility. Once that sliver grows, and there really isn't anything else with any utility, then the speculation will recede.

I want to support this arguments. These altcoins were not created as bitcoin upgrade or to innovate crypocurrency. Most of them are simply pump and dump scheme overhyped to seems like 'next big thing'.
News altcoin can possibly more advanced in technical field - for now, because bitcoin can be upgraded. But then never beat one and the most important attribute of BTC - near perfect initial distribution.
Bitcoin was created and was worthless, people noticed is potential and make it valuable. Altcoins are created because their developers want to cut corners and earn fast money.

Agreed, aside from that altcoins is an alternative coin for bitcoin and [1]most of them are anonymous unlike bitcoin as we all know is pseudonymous and [2]some altcoins I think was regulated and bitcoin was unregulated so [3]no wonder why bitcoin now is much more getting higher stronger the amount of value.

Lol, where did you get those ideas? Grin

[1] People believe that bitcoin users are pseudonymous because you can create infinite number of wallets. The same thing is true with altcoins. You're still pseudonymous when you're using altcoins.

[2] That's not true at all. Bitcoin isn't regulated because the government can't do so. The same thing is true with altcoins.

[3] #1 and #2 is wrong so they are definitely not the reason why bitcoin is stronger and have much higher price than all altcoins. Bitcoin is the first one to be here, it's the most established one, and it's the number one crypto currency so anyone that's been using altcoins will eventually use bitcoins.

Oh boy, you were so uninformed about altcoins. Altcoins and bitcoin don't have that much difference except for the owner, market cap, usability, scalability, reliability, and target market.

pinkpanther03

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Quote from: Hazir on August 16, 2016, 08:14:17 AM

Quote from: gentlemand on August 16, 2016, 08:08:01 AM

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.

I could release mysmellyarsecoin tomorrow, print 20 million tokens, hype the shit out of it and put ten up for sale. Hey presto, I've just taken 10% of Bitcoin's market cap.

The coins that have taken Bitcoin's market cap have precisely zero use. That's when they're not forking all over the place.

The main use for all of it is still speculation by a long, long way. Bitcoin is the only one with a sliver of utility. Once that sliver grows, and there really isn't anything else with any utility, then the speculation will recede.

I want to support this arguments. These altcoins were not created as bitcoin upgrade or to innovate crypocurrency. Most of them are simply pump and dump scheme overhyped to seems like 'next big thing'.
News altcoin can possibly more advanced in technical field - for now, because bitcoin can be upgraded. But then never beat one and the most important attribute of BTC - near perfect initial distribution.
Bitcoin was created and was worthless, people noticed is potential and make it valuable. Altcoins are created because their developers want to cut corners and earn fast money.

Agreed, aside from that altcoins is an alternative coin for bitcoin and most of them are anonymous unlike bitcoin as we all know is pseudonymous and some altcoins I think was regulated and bitcoin was unregulated so no wonder why bitcoin now is much more getting higher stronger the amount of value.

DoublerHunter

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Yes bitcoin has no competitors but there is always threats for bitcoin like the altcoins because most of the altcoins just copied bitcoin idea and if bitcoin performance will be low then those back up coins or what we called altcoins can be a real competitor for bitcoin and someday if bitcoin will continue to be bad then it will eventually loss the game.

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