Bitcoin has no competition - page 86.

pedrog

legendary

Activity: 2786

Merit: 1031

Quote from: 2double0 on December 27, 2016, 12:30:51 PM

Quote from: xIIImaL on December 27, 2016, 12:23:18 PM

Quote from: ReLieD on December 27, 2016, 10:52:38 AM

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

As of now gold and other presious stones only competition for gold. In few years bitcoin would be the best stock around the world. Still i do not know why any government not accepting bitcoin is the centralized money.

Bitcoin is not centralized, it is decentralized which is the only common reason why governments are not accepting it, because they will not be able to track the transactions and money being circulated in the way of bitcoins, and so there is no possibility left for them to trace black-marketers, drug sellers, dark market dealers and terrorist activities which include money laundering.

Oh, they do accept it, at some point the USA government was one of the biggest bitcoin holders in the world.

You'll be amazed on how traceable bitcoin is, and it will become even more as it is adopted by more and more people.

2double0

legendary

Activity: 2618

Merit: 1105

Quote from: xIIImaL on December 27, 2016, 12:23:18 PM

Quote from: ReLieD on December 27, 2016, 10:52:38 AM

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

As of now gold and other presious stones only competition for gold. In few years bitcoin would be the best stock around the world. Still i do not know why any government not accepting bitcoin is the centralized money.

Bitcoin is not centralized, it is decentralized which is the only common reason why governments are not accepting it, because they will not be able to track the transactions and money being circulated in the way of bitcoins, and so there is no possibility left for them to trace black-marketers, drug sellers, dark market dealers and terrorist activities which include money laundering.

xIIImaL

legendary

Activity: 1372

Merit: 1005

Quote from: ReLieD on December 27, 2016, 10:52:38 AM

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

As of now gold and other presious stones only competition for gold. In few years bitcoin would be the best stock around the world. Still i do not know why any government not accepting bitcoin is the centralized money.

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: deisik on December 12, 2016, 02:14:13 PM

It is a first-come first-served game mostly

I agree to this. As long as there is no competent cryptocurrency to challenge Bitcoin. This will always prevail.
Bitcoin had been the leader when it comes to people adoption. It is observed since they are the first one to be successful in tapping many investors and users. And once people set their belief on something, it is not easy to be taken away. Unless this so called competitor create their own set of base users , and be successful in creating their own circles of users greater than Bitcoin's, we can see no competition because definitely Bitcoin will just outshine them.

4x4et

sr. member

Activity: 714

Merit: 254

Quote from: RoommateAgreement on December 27, 2016, 09:59:10 AM

Quote from: 4x4et on December 27, 2016, 07:51:21 AM

Bitcon at $921. Grin

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

apart from being offtopic in here, your comment doesn't make much sense. bitcoin price wasn't minus one million a week or month ago. it was actually pretty high and this rise is not that big despite people saying it is. it is about 17% profit over a couple of weeks after a couple of months of stability.

and i have never seen anybody become a millionaire with 17% profit! unless theya re already a millionaire Cheesy

You obviously didn't watch Only fools and horses Grin

btw Bitcoin @ $932 Grin

nizamcc

legendary

Activity: 1218

Merit: 1007

Quote from: bryant.coleman on December 27, 2016, 10:31:09 AM

Ether was shaping up as a major competitor for Bitcoin. But now, it is slowly slipping in to oblivion. What has happened to Litecoin, Namecoin, and Ripple has happened to Ether as well. This is the problem with altcoins. They will stay competitive for at most a year. After that, the promoters will dump these coins and they will lose their value.

It's not just Ether that is being dumped like other well-known alts, but even some currently appreciated projects like Monero and some other ICO coins, which were thought to give bitcoins some competition, were just being used to "trade" alone for the purpose of profits and nothing else.

FaucetRank.com

hero member

Activity: 868

Merit: 500

Quote from: bitbunnny on December 27, 2016, 11:36:45 AM

Quote from: noictib on December 27, 2016, 11:22:47 AM

Quote from: ReLieD on December 27, 2016, 10:52:38 AM

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 Bitcoin has no competition

Yeah , you are right and the main reason behind the fail of new altcoin is publicity , which is more Bitcoin have , So here is the competition much but due to economical problem the competition is retarded to down .
Thats why the Bitcoin is much powerful in virtual money world and making every new coin only down to own .

It's true Bitcoin has much more publicity then other altcoins but to my opinion still not enough. In fact good publicity and marketing is something that Bitcoin is seriously missing to become more adopted and more popular among common users. Hope this will change in the future.

Yes true but maybe other alt coin do much better publicity than Bitcoin and that coin replace the Bitcoin that time if it is only the matter of advertisement or publicity.

LavskaggeafNordlandia

newbie

Activity: 28

Merit: 0

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.

There might be a new coin that can compete with bitcoin, it's called Grancoin

bitbunnny

legendary

Activity: 2912

Merit: 1068

WOLF.BET - Provably Fair Crypto Casino

Quote from: noictib on December 27, 2016, 11:22:47 AM

Quote from: ReLieD on December 27, 2016, 10:52:38 AM

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 Bitcoin has no competition

Yeah , you are right and the main reason behind the fail of new altcoin is publicity , which is more Bitcoin have , So here is the competition much but due to economical problem the competition is retarded to down .
Thats why the Bitcoin is much powerful in virtual money world and making every new coin only down to own .

It's true Bitcoin has much more publicity then other altcoins but to my opinion still not enough. In fact good publicity and marketing is something that Bitcoin is seriously missing to become more adopted and more popular among common users. Hope this will change in the future.

noictib

hero member

Activity: 966

Merit: 515

One of the world's leading Bitcoin-powered casinos

Quote from: ReLieD on December 27, 2016, 10:52:38 AM

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 Bitcoin has no competition

Yeah , you are right and the main reason behind the fail of new altcoin is publicity , which is more Bitcoin have , So here is the competition much but due to economical problem the competition is retarded to down .
Thats why the Bitcoin is much powerful in virtual money world and making every new coin only down to own .

ReLieD

sr. member

Activity: 546

Merit: 255

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

bryant.coleman

legendary

Activity: 3766

Merit: 1217

Ether was shaping up as a major competitor for Bitcoin. But now, it is slowly slipping in to oblivion. What has happened to Litecoin, Namecoin, and Ripple has happened to Ether as well. This is the problem with altcoins. They will stay competitive for at most a year. After that, the promoters will dump these coins and they will lose their value.

anonbit992

sr. member

Activity: 378

Merit: 251

A Trader & An Investor

Quote from: RoommateAgreement on December 27, 2016, 09:59:10 AM

Quote from: 4x4et on December 27, 2016, 07:51:21 AM

Bitcon at $921. Grin

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

apart from being offtopic in here, your comment doesn't make much sense. bitcoin price wasn't minus one million a week or month ago. it was actually pretty high and this rise is not that big despite people saying it is. it is about 17% profit over a couple of weeks after a couple of months of stability.

and i have never seen anybody become a millionaire with 17% profit! unless theya re already a millionaire Cheesy

If you wish to be a millionaire next year, I think you need to have a decent amount of bitcoin with you. Sure, bitcoin can rally to the sky. But to be a millionaire, you need to have an "x" amount of bitcoins in a wallet that you control.

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

Quote from: 4x4et on December 27, 2016, 07:51:21 AM

Bitcon at $921. Grin

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

apart from being offtopic in here, your comment doesn't make much sense. bitcoin price wasn't minus one million a week or month ago. it was actually pretty high and this rise is not that big despite people saying it is. it is about 17% profit over a couple of weeks after a couple of months of stability.

and i have never seen anybody become a millionaire with 17% profit! unless theya re already a millionaire Cheesy

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: babyjesusftw1 on December 12, 2016, 06:52:15 AM

I think these new cryptocurrencies are starting to hit a bit of a wall due to the network good traits they have. In other words, the more people that adopt one cryptocurrency, the harder it is for another cryptocurrency to get investments and take off as well. I think if cryptocurrencies stick around for a while, bitcoin will likely remain at the top unless another currency does something absolutely revolutionary which changes the game

Bitcoin seems not be particularly responsible for the failures of altcoins

Their failures are mainly because altcoins are either plain copycats offering nothing of interest or just outright scams that aim at gathering as much money as possible at ICO and then leaving investors with useless digits. In this way, any decent altcoin (it sounds like an oxymoron already) will be critically accepted by the majority of users that would obviously try to first pump it and then dump it. It kinda looks like any altcoin aiming high should enable features that would disallow pumping and dumping, at least, initially

4x4et

sr. member

Activity: 714

Merit: 254

Bitcon at $921. Grin

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

Rooster101

sr. member

Activity: 826

Merit: 256

Bitcoin dominance continues as its price surge to a high of $915 or even $928 in some price monitoring index gaining 114% for this year. The bitcoin's market capitalization is already reaching the $15 billion mark. Its closest rival is ethereum with $628 million cap.

Landak

hero member

Activity: 1386

Merit: 503

Quote from: abel1337 on December 12, 2016, 07:18:22 AM

Quote from: babyjesusftw1 on December 12, 2016, 06:52:15 AM

I think these new cryptocurrencies are starting to hit a bit of a wall due to the network good traits they have. In other words, the more people that adopt one cryptocurrency, the harder it is for another cryptocurrency to get investments and take off as well. I think if cryptocurrencies stick around for a while, bitcoin will likely remain at the top unless another currency does something absolutely revolutionary which changes the game.

I think bitcoin will only permanently remains in the top , many have tried to change the game but Bitcoin is a really strong cryptocurrency . It is the father of cryptocurrency.

Because only bitcoin that had value plus plus and very easy to get access in anywhere. i mean when we want exchange bitcoin to money, averages the exchanger only give best offers to bitcoin not for to altcoin. if the exchanger allowed exchange altcoin to money this mean that altcoin will pair to bitcoin and then to money (altcoin->bitcoin->money). thats why i agree with you "Bitcoin is a really strong cryptocurrency"

avikz

legendary

Activity: 3080

Merit: 1500

I don't agree with this opinion that bitcoin doesn't have any competition. I would rather say that every single altcoins are the competitor to the bitcoin if not a threat. Due to the huge numbers of altcoins, bitcoin is not getting the desired amount of investment which is ver much needed to increase the market cap. The investment is getting divided and hence bitcoin price is not increasing as envisaged.

So the competition is not a direct battle, it is indirectly harming bitcoin and its growth. So this way I can say that bitcoin has competition in the market.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: babyjesusftw1 on December 12, 2016, 06:52:15 AM

I think these new cryptocurrencies are starting to hit a bit of a wall due to the network good traits they have. In other words, the more people that adopt one cryptocurrency, the harder it is for another cryptocurrency to get investments and take off as well. I think if cryptocurrencies stick around for a while, bitcoin will likely remain at the top unless another currency does something absolutely revolutionary which changes the game.

It is a first-come first-served game mostly

There is a grain of truth in your observations, but it's only one half of it. You are correct that new cryptocurrencies hit the wall because they basically have nothing new to offer. But it is not the only way to overcome Bitcoin. Bitcoin seems to be torn apart by inner struggles between developers themselves and developers versus miners. This is where a promising cryptocurrency could hit (instead of hitting the wall). It could do essentially the same as Bitcoin does but be just better organized in a decentralized way by constantly and efficiently adding new features. That would be where Bitcoin heavily sucks today

Topic: Bitcoin has no competition - page 86. (Read 43199 times)