Pages:
Author

Topic: Bitcoin has no competition - page 84. (Read 43198 times)

sr. member
Activity: 490
Merit: 250
January 01, 2017, 09:54:08 AM
Bitcoin is the origin of cryptocurrency. Any other cryptocurrencies were born based on bitcoin. Among those cryptocurrencies, some of them are capable of competing with bitcoin. But, bitcoin will always be on top, it's hard to go beyond bitcoin shade.
newbie
Activity: 14
Merit: 0
January 01, 2017, 09:45:59 AM
I agree with you , Bicoin is a central digital currency and all altcoins depend on the bitcoin to calculate the value for themselves.
If this is no bitcoin , we are hard to make the price for the altcoins .
hero member
Activity: 686
Merit: 521
January 01, 2017, 09:16:02 AM
bitcoin has a lot competitions: those from altcoins, though now they are all small, and those using blockchain technologies..
I do agree with you iindeed big things come in small packages  and these altcoins we see to be small today  just might be the next big crypto of tomorrow!! Let's invest in some altcoins and see how the future goes. Wink
hero member
Activity: 756
Merit: 500
January 01, 2017, 09:03:21 AM
Bitcon at $921.  Grin

This is great, this time next year, we are all gonna be millionaires.  Cheesy

Some day, all the bitcoin holders will be well rewarded. I believe that someday your words will come true. Till then it is time for us to buy, accumulate bitcoins and store them for the future.
Damn! I wish I had bought truck loads of bitcoin when bitcoin was valued at ~1300 bitcoins  per $ back when it all began!

It is indeed true, that in the future there is a possibility that the user would be appreciated and bitcoin benefit because it is be patient waiting for the heyday of bitcoin. but I am not sure that it will happen in the near future, if indeed there are no people who are willing to support and influence against bitcoin. In other words, is introducing the bitcoin to someone who hasn't known the bitcoin and give recognition to good use. Just wait for it and it's something that is most desired by all users of the bitcoin
 
legendary
Activity: 3136
Merit: 1172
Leading Crypto Sports Betting & Casino Platform
January 01, 2017, 08:50:43 AM
Bitcon at $921.  Grin

This is great, this time next year, we are all gonna be millionaires.  Cheesy

Some day, all the bitcoin holders will be well rewarded. I believe that someday your words will come true. Till then it is time for us to buy, accumulate bitcoins and store them for the future.
Damn! I wish I had bought truck loads of bitcoin when bitcoin was valued at ~1300 bitcoins  per $ back when it all began!
hero member
Activity: 840
Merit: 502
December 29, 2016, 10:09:18 PM
bitcoin has a lot competitions: those from altcoins, though now they are all small, and those using blockchain technologies..

Where is the competition with alt coins?  Any altcoin which is yet really competing with BTC?  Sure some use alternate algorithms and some of them are really promising.  But I still don't see a real competition.

//alex
In terms of adoption no altcoin is even close to compete with bitcoin, and there is no competition either when it comes to the amount of money the bitcoin economy moves, but in terms of technology there are some altcoins with very interesting characteristics that bitcoin currently does not posses.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
December 29, 2016, 09:55:08 PM
bitcoin has a lot competitions: those from altcoins, though now they are all small, and those using blockchain technologies..

Where is the competition with alt coins?  Any altcoin which is yet really competing with BTC?  Sure some use alternate algorithms and some of them are really promising.  But I still don't see a real competition.

//alex

You will see it after a lot of the financial institutions are using hyperledger, soon.  A lot of the thing with getting sync with hyper and totally the serious competitor for bitcoin has come.  Just a problem of times.

Altcoin like a small fruit below of the big tree.
People are adopting with bitcoin not because of it's system where transactions can be track easily online but more on the decentralized factor of the system, as it is decentralized, we have the full confidence to do online transaction whatever we want as we are comfortable with whatever we do, may it be illegal or not, our money will not be freeze like the government normally does.
hero member
Activity: 2310
Merit: 532
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
December 29, 2016, 09:39:04 PM
bitcoin has a lot competitions: those from altcoins, though now they are all small, and those using blockchain technologies..

Where is the competition with alt coins?  Any altcoin which is yet really competing with BTC?  Sure some use alternate algorithms and some of them are really promising.  But I still don't see a real competition.

//alex

You will see it after a lot of the financial institutions are using hyperledger, soon.  A lot of the thing with getting sync with hyper and totally the serious competitor for bitcoin has come.  Just a problem of times.

Altcoin like a small fruit below of the big tree.

As quoted universities and financial institutions were focusing much over the digital currency network. Recently an university organised competition for Blockchain development. So, surely more and more altcoins will exist to compete with bitcoin, but to get the standard similar to bitcoin is possible for very few as the same way that we experience now.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
December 29, 2016, 09:13:51 PM
bitcoin has a lot competitions: those from altcoins, though now they are all small, and those using blockchain technologies..

Where is the competition with alt coins?  Any altcoin which is yet really competing with BTC?  Sure some use alternate algorithms and some of them are really promising.  But I still don't see a real competition.

//alex

You will see it after a lot of the financial institutions are using hyperledger, soon.  A lot of the thing with getting sync with hyper and totally the serious competitor for bitcoin has come.  Just a problem of times.

Altcoin like a small fruit below of the big tree.
full member
Activity: 252
Merit: 113
NFTs on Sale: https://bit.ly/2POlV17
December 29, 2016, 04:43:59 PM
bitcoin has a lot competitions: those from altcoins, though now they are all small, and those using blockchain technologies..

Where is the competition with alt coins?  Any altcoin which is yet really competing with BTC?  Sure some use alternate algorithms and some of them are really promising.  But I still don't see a real competition.

//alex
newbie
Activity: 57
Merit: 0
December 29, 2016, 02:56:09 PM
bitcoin has a lot competitions: those from altcoins, though now they are all small, and those using blockchain technologies..
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
December 29, 2016, 02:54:05 PM
Yea I think bitcoin has no competition. As for now new crypto currencies are trying their level best to match up with bitcoins. But they are failing. So after for now bicoin has no competition
It is true that bitcoin has no competition for now, but with the more users joining in the bitcoin community and the price getting higher and higher it become harder and harder for people to buy it and harder for others to mine.
So, there are many who are switching to other crypto currencies and mining those  so that when the time comes for them to rise they will have a chance.
The price of bitcoin has no direct relationship with mining difficulty what it may happen is that some investors see the rising price of bitcoin and decide they can open their own mining operation and with an higher price of bitcoin more places become available to where you can open your mining operations.
full member
Activity: 252
Merit: 113
NFTs on Sale: https://bit.ly/2POlV17
December 28, 2016, 05:08:26 PM
Yes, i agree with the statement bitcoin has no competition at all […]

Agreed.  If any, the only one which was able to compete with BTC was the first alt-coin -- Namecoin -- as there was no other alt-option than this back in the good old days where alt-coins were not a pump/dump game and not everybody was having his own cryptocurrency.  And even Namecoin was not able to compete wit BTC.  Nowadays we have BTC and a zillion of coins making few people rich in the pump release days and then are struggling somewhere around 0.00000010 ~ 0.00000001 BTC …  How shall this scheme comete with Bitcoin?

/alex
hero member
Activity: 630
Merit: 500
Cryptocurrency Wallet - Denaro.io
December 28, 2016, 05:02:30 PM
We are living in digital world so all crypto currencies will be prioritized use in next years.
And Bitcoin has been chosen as 1st digital currency. After many years of existing, Bitcoin has been accepted by many people in the world
and it is considered as central digital currency for swapping each other.
Bitcoin has no competition.
As pioneer, bitcoin will always hold the crown. Although there is strong altcoin called ETH. But so many people in the world and deep web which keep use it. I think there is still always competition.
Being the first gives bitcoin a big advantage, but many products have been the first only to be improved upon and then left on the dust by other products, I remember that before the ipods became a thing there were already devices that did the same thing, but then Steve Jobs improved the design and the rest is history.

Yes, i agree with the statement bitcoin has no competition at all because right now no other crypto currency that is declared thats created to have reputation like bitcoin has although there were branches of crypto currencies created in order to circulate bitcoin economy but it doesn't compete bitcoin itself. Bitcoin is created with many advantages in terms of compatibilty to human life specially those with digital world in the internet and online transaction with blockchain security of your online wallet and also for your banking for fiat exchange which is convertible with cash in which you cannot not make easily with fiat currency.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
December 28, 2016, 03:25:54 PM
We are living in digital world so all crypto currencies will be prioritized use in next years.
And Bitcoin has been chosen as 1st digital currency. After many years of existing, Bitcoin has been accepted by many people in the world
and it is considered as central digital currency for swapping each other.
Bitcoin has no competition.
As pioneer, bitcoin will always hold the crown. Although there is strong altcoin called ETH. But so many people in the world and deep web which keep use it. I think there is still always competition.
Being the first gives bitcoin a big advantage, but many products have been the first only to be improved upon and then left on the dust by other products, I remember that before the ipods became a thing there were already devices that did the same thing, but then Steve Jobs improved the design and the rest is history.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
December 28, 2016, 03:15:53 PM
Yea I think bitcoin has no competition. As for now new crypto currencies are trying their level best to match up with bitcoins. But they are failing. So after for now bicoin has no competition
It is true that bitcoin has no competition for now, but with the more users joining in the bitcoin community and the price getting higher and higher it become harder and harder for people to buy it and harder for others to mine.
So, there are many who are switching to other crypto currencies and mining those  so that when the time comes for them to rise they will have a chance.

You don't have good point of view. Take for example car, some nice one like BMW. How can you buy that car? Before you could buy it with fiat, now you can buy it with bitcoina, from this example bitcoin is competition to all fiat currencies

In the example you give there is no competition between fiat and Bitcoin for goods (such as cars)

It is perfectly clear that the company behind these cars (whichever holds the trademark, I dunno) has nothing to do with Bitcoin and most likely doesn't in the least want to do anything with it. It is obvious that they accept payment only in fiat, and some reseller just converts the bitcoins they get from the buyers into fiat first. And how would it be different if the buyers themselves did just the same and bought their nice BMW's directly with fiat, and where is competition here?
legendary
Activity: 1106
Merit: 1000
December 28, 2016, 02:55:51 PM
Yea I think bitcoin has no competition. As for now new crypto currencies are trying their level best to match up with bitcoins. But they are failing. So after for now bicoin has no competition
It is true that bitcoin has no competition for now, but with the more users joining in the bitcoin community and the price getting higher and higher it become harder and harder for people to buy it and harder for others to mine.
So, there are many who are switching to other crypto currencies and mining those  so that when the time comes for them to rise they will have a chance.

You don't have good point of view. Take for example car, some nice one like BMW. How can you buy that car? Before you could buy it with fiat, now you can buy it with bitcoina, from this example bitcoin is competition to all fiat currencies.
Other alt currencies will always be here, maybe some of them can worth more one day, but that is a big question.
They are mining other altcoins just cause its to hard to mine bitcoin, in any case they sell those coins later for bitcoins.

This is true, the demands increased when the things more valuable and popular, that's good overview. The demands will buy it when they know the price in first time, it's means if he's know the price at $900 then he will buy it and could be will hold it until the price rise.

In fact people who mining altcoin in the end just sell all their coin to bitcoin, because bitcoin more valuable.
And if there are decreased on miners, who still mining have more advantages, it's can be compete for miners to survive.
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
December 28, 2016, 02:32:39 PM
Yea I think bitcoin has no competition. As for now new crypto currencies are trying their level best to match up with bitcoins. But they are failing. So after for now bicoin has no competition
It is true that bitcoin has no competition for now, but with the more users joining in the bitcoin community and the price getting higher and higher it become harder and harder for people to buy it and harder for others to mine.
So, there are many who are switching to other crypto currencies and mining those  so that when the time comes for them to rise they will have a chance.

You don't have good point of view. Take for example car, some nice one like BMW. How can you buy that car? Before you could buy it with fiat, now you can buy it with bitcoina, from this example bitcoin is competition to all fiat currencies.
Other alt currencies will always be here, maybe some of them can worth more one day, but that is a big question.
They are mining other altcoins just cause its to hard to mine bitcoin, in any case they sell those coins later for bitcoins.
hero member
Activity: 700
Merit: 500
December 28, 2016, 01:56:09 PM
Yea I think bitcoin has no competition. As for now new crypto currencies are trying their level best to match up with bitcoins. But they are failing. So after for now bicoin has no competition
It is true that bitcoin has no competition for now, but with the more users joining in the bitcoin community and the price getting higher and higher it become harder and harder for people to buy it and harder for others to mine.
So, there are many who are switching to other crypto currencies and mining those  so that when the time comes for them to rise they will have a chance.
legendary
Activity: 1512
Merit: 1010
ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀
December 28, 2016, 12:31:18 PM
It's about time. Right now most of the community have their trust on Bitcoins, who knows what they turn to tomorrow.!!
Bitcoin has more potential than anyone can think of. We cannot judge it yet.
Pages:
Jump to: