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Topic: Bitcoin has no competition - page 89. (Read 43199 times)

sr. member
Activity: 1400
Merit: 283
December 10, 2016, 03:36:41 PM
Since the rise of bitcoin no currency had any chance to compete with it , until recently we are seeing the rise of some of the altcoins , and this is due to a couple of reasons , one bitcoin's price has raised up and keeps on rising so trying to buy it is hard , tow bitcoin has become harder to mine so mining altcoin and exchanging them into bitcoin is the best alternative .
sr. member
Activity: 280
Merit: 253
December 10, 2016, 10:14:21 AM
If we look at the price and value bitcoin certainly doesn't have any competition from any other cryptocurrency. If we look at popularity bitcoin again has no competition. The number of people who have been bitcoin's supporters is increasing daily so in my opinion bitcoin certainly has no competition. Whenever we talk about cryptocurrency the only thought which comes to our minds is that of bitcoin and no other coin. Even the people who are not into cryptocurrency as much as we are have heard about bitcoin but not about other coins so bitcoin has no potential competitor.
There's no competition because ever since bitcoin was created it was not overtake buy other legitimate altcoins on it's regular price. Bitcoin so far is very promising as we can witness with a great price increase and what I notice, the moment it increases the price of most altcoins decreases, so probably it is very dominant currency in the crypto world.
Bitcoin is essentially the reserve currency in a digital world to be honest. It's essentially the USD to all other altcoins, and because of this it is natural fr more users to trend towards Bitcoin and work for something that maintains a large majority of its value instead of something else.

Also, community sizes matter. A lot. The best way to have something grow online is to have people behind it, and if people are behind it, then it will grow and take a large market share.

It's more like gold than USD in it's characteristics. Bitcoin acts as an unregulated and non government issued digital gold that the rest of crypto currencies gravitate around. This is why it's very important that the block size remains conservative so the network can remain decentralized enough. Now I just hope that we get segwit as soon as possible to keep innovating.
i do not see why bitcoin needs the conservative block size? why would this help to decentralize bitcoin? and why would this be the reason for the altcoins to not become an alternative/competition?
legendary
Activity: 1610
Merit: 1183
December 10, 2016, 09:29:06 AM
If we look at the price and value bitcoin certainly doesn't have any competition from any other cryptocurrency. If we look at popularity bitcoin again has no competition. The number of people who have been bitcoin's supporters is increasing daily so in my opinion bitcoin certainly has no competition. Whenever we talk about cryptocurrency the only thought which comes to our minds is that of bitcoin and no other coin. Even the people who are not into cryptocurrency as much as we are have heard about bitcoin but not about other coins so bitcoin has no potential competitor.
There's no competition because ever since bitcoin was created it was not overtake buy other legitimate altcoins on it's regular price. Bitcoin so far is very promising as we can witness with a great price increase and what I notice, the moment it increases the price of most altcoins decreases, so probably it is very dominant currency in the crypto world.
Bitcoin is essentially the reserve currency in a digital world to be honest. It's essentially the USD to all other altcoins, and because of this it is natural fr more users to trend towards Bitcoin and work for something that maintains a large majority of its value instead of something else.

Also, community sizes matter. A lot. The best way to have something grow online is to have people behind it, and if people are behind it, then it will grow and take a large market share.

It's more like gold than USD in it's characteristics. Bitcoin acts as an unregulated and non government issued digital gold that the rest of crypto currencies gravitate around. This is why it's very important that the block size remains conservative so the network can remain decentralized enough. Now I just hope that we get segwit as soon as possible to keep innovating.
hero member
Activity: 490
Merit: 520
December 10, 2016, 01:43:32 AM
If we look at the price and value bitcoin certainly doesn't have any competition from any other cryptocurrency. If we look at popularity bitcoin again has no competition. The number of people who have been bitcoin's supporters is increasing daily so in my opinion bitcoin certainly has no competition. Whenever we talk about cryptocurrency the only thought which comes to our minds is that of bitcoin and no other coin. Even the people who are not into cryptocurrency as much as we are have heard about bitcoin but not about other coins so bitcoin has no potential competitor.
There's no competition because ever since bitcoin was created it was not overtake buy other legitimate altcoins on it's regular price. Bitcoin so far is very promising as we can witness with a great price increase and what I notice, the moment it increases the price of most altcoins decreases, so probably it is very dominant currency in the crypto world.
Bitcoin is essentially the reserve currency in a digital world to be honest. It's essentially the USD to all other altcoins, and because of this it is natural fr more users to trend towards Bitcoin and work for something that maintains a large majority of its value instead of something else.

Also, community sizes matter. A lot. The best way to have something grow online is to have people behind it, and if people are behind it, then it will grow and take a large market share.
legendary
Activity: 3108
Merit: 1290
Leading Crypto Sports Betting & Casino Platform
December 10, 2016, 01:36:30 AM
If we look at the price and value bitcoin certainly doesn't have any competition from any other cryptocurrency. If we look at popularity bitcoin again has no competition. The number of people who have been bitcoin's supporters is increasing daily so in my opinion bitcoin certainly has no competition. Whenever we talk about cryptocurrency the only thought which comes to our minds is that of bitcoin and no other coin. Even the people who are not into cryptocurrency as much as we are have heard about bitcoin but not about other coins so bitcoin has no potential competitor.
There's no competition because ever since bitcoin was created it was not overtake buy other legitimate altcoins on it's regular price. Bitcoin so far is very promising as we can witness with a great price increase and what I notice, the moment it increases the price of most altcoins decreases, so probably it is very dominant currency in the crypto world.
hero member
Activity: 1428
Merit: 653
Leading Crypto Sports Betting & Casino Platform
December 10, 2016, 01:18:41 AM
If we look at the price and value bitcoin certainly doesn't have any competition from any other cryptocurrency. If we look at popularity bitcoin again has no competition. The number of people who have been bitcoin's supporters is increasing daily so in my opinion bitcoin certainly has no competition. Whenever we talk about cryptocurrency the only thought which comes to our minds is that of bitcoin and no other coin. Even the people who are not into cryptocurrency as much as we are have heard about bitcoin but not about other coins so bitcoin has no potential competitor.
hero member
Activity: 1400
Merit: 571
December 09, 2016, 11:24:10 PM
Yes, bitcoin's solidity can not be destroy by just any altcoins that is already in the market or will be just in the market. Bitcoin's impact to people is really hard that is why until now we appreciate and love bitcoin. No matter what happens in bitcoin, even if its price go down and up, still we are supporting and using it because we all know that bitcoin is the one worth waiting for. Maybe not now is the right time bitcoin will give something to us big but who knows maybe the next year on next bitcoin would make us all millionaires.
hero member
Activity: 602
Merit: 500
December 09, 2016, 11:14:37 PM
Well, in my eyes, bitcoin has a lot of competition, You know in this time,
 a lot of other cryto currencies have come, and we can see in altcoin trading,
but instead of it bitcoin is in number one, and that's why everyone who know about
 crypto currency they firstly choose bitcoin. Because other than crypto currency,
bitcoin has a huge price and in some countries bitcoin is used in everywhere, But
also i will say that bitcoin has competition with all other crypto currencies.

I guess, there is a point on your opinion yet in case of bitcoin ,the altcoins or other crypto currencies are not competitors of bitcoin yet
it is its strength.
member
Activity: 70
Merit: 10
December 09, 2016, 11:03:44 PM
i think there is no one can be competitive of bitcoin because bitcoin is very much stronger currency and there is a lot of people adopting bitcoin in huge amount for the future and a lot of people using and spending bitcoin as currency for online shopping.

I agree with this that, bitcoin cannot have its competitors since its growing good and being on top of the others and I guess it would be good to have competitors.
full member
Activity: 294
Merit: 100
Life is a game, you either play it or get played.
December 09, 2016, 09:50:30 PM
Based on popularity of cryptocurrencies, there are ranks for each consisting of volume.

1) Bitcoin

2) Litecoin

3) Ethereum

4) Dogecoin

5) Burstcoin

6) Reddcoin

Now these are the main alternatives below BTC prices by quite a notch, but to be exact they hold carry weight exceeding the rest.
hero member
Activity: 966
Merit: 507
December 09, 2016, 08:37:04 PM
Yes, I agree, it is undoubted that the bitcoin has deserved this privileged leadership because of being the most important and serious pioneer in the altcoin ecosystem. Of course, we all know that perhaps it is not a perfect coin, and maybe there are other altcoins with better features, but Bitcoin is a giant that can't be defeated by anyone.
hero member
Activity: 1666
Merit: 502
December 09, 2016, 08:00:29 PM
Well, in my eyes, bitcoin has a lot of competition, You know in this time, a lot of other cryto currencies have come, and we can see in altcoin trading, but instead of it bitcoin is in number one, and that's why everyone who know about crypto currency they firstly choose bitcoin. Because other than crypto currency, bitcoin has a huge price and in some countries bitcoin is used in everywhere, But also i will say that bitcoin has competition with all other crypto currencies.
indeed many other crypto but for this is still no one can compete with bitcoin and dev crypto mostly just for fun with their coins or just looking for profits and run away.
full member
Activity: 196
Merit: 100
December 09, 2016, 02:04:45 PM
i think there is no one can be competitive of bitcoin because bitcoin is very much stronger currency and there is a lot of people adopting bitcoin in huge amount for the future and a lot of people using and spending bitcoin as currency for online shopping.
legendary
Activity: 1652
Merit: 1057
December 09, 2016, 01:51:34 PM
As per the current market situation btc is the powerful coin and the most traded coin across globe. This we could know from their market cap and the price as well.There were so many coins created in form of alt coin but hardly few could survive rest all are out and with no value in today's date.
After 2013 hype in cryptocurrency world, there were enormous amount of altcoins and still being created. At least in terms of value, on one was able to compete in long run (some coins were priced high just due to scarcity not due to demand/potential).

A competition cannot be just value-based, even bitcoin is not getting any tough competitor in terms of features as any feature is also made available for bitcoins directly or with some enhancements/applications.

Yes, bitcoins stay strong without any competitions.
full member
Activity: 223
Merit: 100
December 09, 2016, 12:44:16 PM
Bitcoin will keep rising in value because it is still by far the most recognized and used cryptocoin. If an alt coin is going to take over, it will need a long time to establish itself.
member
Activity: 103
Merit: 10
December 09, 2016, 12:41:11 PM
As per the current market situation btc is the powerful coin and the most traded coin across globe. This we could know from their market cap and the price as well.There were so many coins created in form of alt coin but hardly few could survive rest all are out and with no value in today's date.

And that is how it will continue long into the future. Bitcoin is and will always be king.
hero member
Activity: 1218
Merit: 557
December 09, 2016, 12:36:33 PM
As per the current market situation btc is the powerful coin and the most traded coin across globe. This we could know from their market cap and the price as well.There were so many coins created in form of alt coin but hardly few could survive rest all are out and with no value in today's date.
hero member
Activity: 714
Merit: 500
December 09, 2016, 06:51:19 AM
It's difficult to really say if bitcoin has competition as no altcoin has really made it a point to compete with or against bitcoin.

If anything, fiat is bitcoin's competition... or rather bitcoin was made as an alternative, and therefore competition for accepted use as opposed to regular accepted fiat.

Alts just strengthen each other by research and knowledge.

Precisely, bitcoin may have lots of competitors but the fact that bitcoin leading miles away from the supposed to be competitors, it seems that there is no competition at all.  But there is some thing that bitcoin is struggling.  And that is to be credited by the government as a currency. and  bitcoin is the last in this area.
bitcoin is paving the way. if bitcoin can make it and be widely accepted by the people and governments, then other cryptos will have an easier time to do the same. we then might see more competition since the risk to totally fail will be somewhat smaller. but keep in mind that different coins have different purpose and some are not competition but it is more of an coexistence.

Yup, it's true if bitcoin accepted by everyone and finally all people also entrusted their money to be taken over by the bitcoin. Then it all is something extremely fun and will definitely make us a very great benefit, because it is bitcoin is a digital currency that has a growth rate that depends on the user and if everyone accept bitcoin later use it then price bitcoin will be higher and it will strengthen its growth
sr. member
Activity: 280
Merit: 253
December 09, 2016, 06:47:49 AM
It's difficult to really say if bitcoin has competition as no altcoin has really made it a point to compete with or against bitcoin.

If anything, fiat is bitcoin's competition... or rather bitcoin was made as an alternative, and therefore competition for accepted use as opposed to regular accepted fiat.

Alts just strengthen each other by research and knowledge.

Precisely, bitcoin may have lots of competitors but the fact that bitcoin leading miles away from the supposed to be competitors, it seems that there is no competition at all.  But there is some thing that bitcoin is struggling.  And that is to be credited by the government as a currency. and  bitcoin is the last in this area.
bitcoin is paving the way. if bitcoin can make it and be widely accepted by the people and governments, then other cryptos will have an easier time to do the same. we then might see more competition since the risk to totally fail will be somewhat smaller. but keep in mind that different coins have different purpose and some are not competition but it is more of an coexistence.
sr. member
Activity: 1190
Merit: 253
December 09, 2016, 04:27:59 AM
It's difficult to really say if bitcoin has competition as no altcoin has really made it a point to compete with or against bitcoin.

If anything, fiat is bitcoin's competition... or rather bitcoin was made as an alternative, and therefore competition for accepted use as opposed to regular accepted fiat.

Alts just strengthen each other by research and knowledge.

Precisely, bitcoin may have lots of competitors but the fact that bitcoin leading miles away from the supposed to be competitors, it seems that there is no competition at all.  But there is some thing that bitcoin is struggling.  And that is to be credited by the government as a currency. and  bitcoin is the last in this area.
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