Bitcoin has no competition - page 99.

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Quote from: harizen on August 31, 2016, 08:50:35 AM

Quote from: DOGE12321 on August 31, 2016, 03:08:55 AM

I mean, it is going to take at least another 5 years before another altcoin can even be capable of taking the place of Bitcoin.

And in that another 5 years bitcoin will achieved again another milestone so it will take another 5 years again for an altcoin to build it's capability to replace bitcoin and same scenario will happen again lol.

Make sense.

It will just keep on happening. As those altcoins keeps entering a good year then it will just be the same with bitcoin in 5 years it might even fill a gap between this alts.

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Quote from: DOGE12321 on August 31, 2016, 03:08:55 AM

I mean, it is going to take at least another 5 years before another altcoin can even be capable of taking the place of Bitcoin.

And in that another 5 years bitcoin will achieved again another milestone so it will take another 5 years again for an altcoin to build it's capability to replace bitcoin and same scenario will happen again lol.

Make sense.

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Quote from: Das on August 31, 2016, 07:53:26 AM

Everyone keeps saying that bitcoin cannot be replaced. What happens when governments issue a new digital currency and insists that everyone should use it?

as long the bitcoin weren't illegalized people will keep up using bitcoin if they just see the opportunity of using bitcoin instead of their local digital currency,and also they still could use both so why bitcoin can be replaced? ,i just read that some countries are now developing a digital currency just like bitcoin but still far to be success

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Quote from: agamasrori on August 31, 2016, 07:50:24 AM

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.

I am agree with you, it is gonna be risky hold alt coin in long term becouse easily to gone someday. But with the alt coin can pump our bitcoin easily.

you are right to be honest, though bitcoin is never going to be replaced because it is going to be the strongest crypto no matter what

Das

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Everyone keeps saying that bitcoin cannot be replaced. What happens when governments issue a new digital currency and insists that everyone should use it?

severaldetails

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Competition usually is a good thing.
But with bitcoin, I'm happy that there is none (I can see).
Another cryptocurrency for payment, that would increase price volatility again, for both coins.
And that would decrease the acceptance by people and shop owners. So nothing good for the crypto world.

agamasrori

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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.

I am agree with you, it is gonna be risky hold alt coin in long term becouse easily to gone someday. But with the alt coin can pump our bitcoin easily.

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Quote from: virtualkeybuyer on August 31, 2016, 06:55:30 AM

Quote from: TastyChillySauce00 on August 31, 2016, 06:34:26 AM

Quote from: Caladonian on August 31, 2016, 04:14:40 AM

Quote from: shinratensei_ on August 31, 2016, 02:54:42 AM

Quote from: richardsNY on August 29, 2016, 04:07:26 PM

Quote from: virtualkeybuyer on August 29, 2016, 04:01:14 PM

Quote from: Vikingr on August 29, 2016, 03:57:24 PM

I think you are right bitcoin do not have any competitors, as bitcoin is a bigger crypto currency and most people want to put their money in bitcoin and are using it as a currency while other coins are only used for trade,

You are right, now bitcoin is going to be a normal currency and a number of people have adopted it as a currency for their purchases, while all other currencies are for trade only their developers are not going to provide services with them.

Bitcoin has always been a currency. Same goes up for the investment aspect of Bitcoin. Bitcoin can be seen as a mult-purpose tool that offers features for the majority of the people. I say majority because there is no way to please all people.

There is a people is saying if bitcoin is not a currency?that's a very bad logic and the main purpose of bitcoin has become an alternative currency. we don't know if in this time bitcoin will have multiple purposes.

yes bitcoin created to compete with currency so it is not design to compete with alt and beside all alts are just relying
to btc price so how can they compete with their origin.

bitcoin is a cryptocurrency not like ordinary currency,bitcoin have so many advantages in digital world but could be easily beaten when it comes to real world,the ordinary currency having some sort of advantages in real world or call it offline because it was designed for this,actually altcoin could compete with bitcoin even it's still relying to bitcoin price

I disagree with that how can a coin compete a currency as all other altcoins do not have bigger companies as supporters and if have then only one or two and with that these altcoins can be beaten any time, while bitcoin has a wider market cap and have a large number of companies who are supporting for and are relying on it for their business.

Yeah, the competition in the digital currency will not be able to penetrate in the bitcoin. Because the bitcoin already has a very strong foundation and all existing altcoin is as a complement to strengthening growth bitcoin. So it is not true. Bitcoin will remain a leading digital currencies and will never be replaced by existing altcoin

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Quote from: Shiroslullaby on August 31, 2016, 07:09:40 AM

Quote from: deisik on August 31, 2016, 03:49:22 AM

Money is what money does. To be a currency Bitcoin must widely be used as a means of payment (just like the US dollar), that is, for buying and selling real goods. Right now, it is mostly used as a vehicle for speculation ("buy low sell high")...

In this way, it is no more than a speculative financial asset, but not a currency, by any means

There are some major retailers that accept Bitcoin- Steam (games),Newegg.com (computer parts), Overstock.com.
And with companies like Coinbase working with retailers to help them accept payments that you fund in BTC, you can actually buy a decent amount of things.

But I agree. It's still mainly an asset for speculation. That's why the price isn't moving much right now IMO.
We need more retailers, or another online service like iTunes etc to start accepting Bitcoin if we want to see growth continue and the value rise

I've heard about Steam finally having made up their mind about accepting Bitcoin (after so many years of asking, begging, and praying), but these are still rare and far in between examples (or exceptions). Moreover, the retailers like Dell or Newegg may still not accept bitcoins directly but rather use payment processors like BitPay and keep selling their merchandise for fiat as before. Once there was much ado about some company allegedly accepting bitcoins as payment for Tesla cars...

While in fact it was no more than a marketing device to attract new buyers

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Quote from: deisik on August 31, 2016, 03:49:22 AM

Money is what money does. To be a currency Bitcoin must widely be used as a means of payment (just like the US dollar), that is, for buying and selling real goods. Right now, it is mostly used as a vehicle for speculation ("buy low sell high")...

In this way, it is no more than a speculative financial asset, but not a currency, by any means

There are some major retailers that accept Bitcoin- Steam (games),Newegg.com (computer parts), Overstock.com.
And with companies like Coinbase working with retailers to help them accept payments that you fund in BTC, you can actually buy a decent amount of things.

But I agree. It's still mainly an asset for speculation. That's why the price isn't moving much right now IMO.
We need more retailers, or another online service like iTunes etc to start accepting Bitcoin if we want to see growth continue and the value rise.

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Quote from: TastyChillySauce00 on August 31, 2016, 06:34:26 AM

Quote from: Caladonian on August 31, 2016, 04:14:40 AM

Quote from: shinratensei_ on August 31, 2016, 02:54:42 AM

Quote from: richardsNY on August 29, 2016, 04:07:26 PM

Quote from: virtualkeybuyer on August 29, 2016, 04:01:14 PM

Quote from: Vikingr on August 29, 2016, 03:57:24 PM

I think you are right bitcoin do not have any competitors, as bitcoin is a bigger crypto currency and most people want to put their money in bitcoin and are using it as a currency while other coins are only used for trade,

You are right, now bitcoin is going to be a normal currency and a number of people have adopted it as a currency for their purchases, while all other currencies are for trade only their developers are not going to provide services with them.

Bitcoin has always been a currency. Same goes up for the investment aspect of Bitcoin. Bitcoin can be seen as a mult-purpose tool that offers features for the majority of the people. I say majority because there is no way to please all people.

There is a people is saying if bitcoin is not a currency?that's a very bad logic and the main purpose of bitcoin has become an alternative currency. we don't know if in this time bitcoin will have multiple purposes.

yes bitcoin created to compete with currency so it is not design to compete with alt and beside all alts are just relying
to btc price so how can they compete with their origin.

bitcoin is a cryptocurrency not like ordinary currency,bitcoin have so many advantages in digital world but could be easily beaten when it comes to real world,the ordinary currency having some sort of advantages in real world or call it offline because it was designed for this,actually altcoin could compete with bitcoin even it's still relying to bitcoin price

I disagree with that how can a coin compete a currency as all other altcoins do not have bigger companies as supporters and if have then only one or two and with that these altcoins can be beaten any time, while bitcoin has a wider market cap and have a large number of companies who are supporting for and are relying on it for their business.

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Quote from: Caladonian on August 31, 2016, 04:14:40 AM

Quote from: shinratensei_ on August 31, 2016, 02:54:42 AM

Quote from: richardsNY on August 29, 2016, 04:07:26 PM

Quote from: virtualkeybuyer on August 29, 2016, 04:01:14 PM

Quote from: Vikingr on August 29, 2016, 03:57:24 PM

I think you are right bitcoin do not have any competitors, as bitcoin is a bigger crypto currency and most people want to put their money in bitcoin and are using it as a currency while other coins are only used for trade,

You are right, now bitcoin is going to be a normal currency and a number of people have adopted it as a currency for their purchases, while all other currencies are for trade only their developers are not going to provide services with them.

Bitcoin has always been a currency. Same goes up for the investment aspect of Bitcoin. Bitcoin can be seen as a mult-purpose tool that offers features for the majority of the people. I say majority because there is no way to please all people.

There is a people is saying if bitcoin is not a currency?that's a very bad logic and the main purpose of bitcoin has become an alternative currency. we don't know if in this time bitcoin will have multiple purposes.

yes bitcoin created to compete with currency so it is not design to compete with alt and beside all alts are just relying
to btc price so how can they compete with their origin.

bitcoin is a cryptocurrency not like ordinary currency,bitcoin have so many advantages in digital world but could be easily beaten when it comes to real world,the ordinary currency having some sort of advantages in real world or call it offline because it was designed for this,actually altcoin could compete with bitcoin even it's still relying to bitcoin price

Doamader

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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.

Well bitcoin maybe be the crypto of the future i do believe that, but isnt the best or the easy way to achieve financial freedom, as you stated altcoins pumping are making people milionaries, thats a great wish i would like to achieve, and keep with bitcoins. Some altcoins will die over the years, thats normal and the cycle of life.

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Quote from: Cendassi on August 31, 2016, 03:47:05 AM

All the banks are the competition though lol. Don't you think they are scared that big investors will jump the bitcoin train instead of splitting their money into different banks? Especially when the coins are going to be more stable, now they change too much though.

this is true but OP is not talking about any of the fiat currencies hence banks and your comment here are irrelevant.

he is talking about other altcoins and the way FUD people spread their lies about bitcoin is dead (the obituaries) one after another and claim their coin is going to replace bitcoin. like ethereum which we can now see is stuck at one price and getting dumped by everybody except the manipulators.

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Quote from: shinratensei_ on August 31, 2016, 02:54:42 AM

Quote from: richardsNY on August 29, 2016, 04:07:26 PM

Quote from: virtualkeybuyer on August 29, 2016, 04:01:14 PM

Quote from: Vikingr on August 29, 2016, 03:57:24 PM

I think you are right bitcoin do not have any competitors, as bitcoin is a bigger crypto currency and most people want to put their money in bitcoin and are using it as a currency while other coins are only used for trade,

You are right, now bitcoin is going to be a normal currency and a number of people have adopted it as a currency for their purchases, while all other currencies are for trade only their developers are not going to provide services with them.

Bitcoin has always been a currency. Same goes up for the investment aspect of Bitcoin. Bitcoin can be seen as a mult-purpose tool that offers features for the majority of the people. I say majority because there is no way to please all people.

There is a people is saying if bitcoin is not a currency?that's a very bad logic and the main purpose of bitcoin has become an alternative currency. we don't know if in this time bitcoin will have multiple purposes.

yes bitcoin created to compete with currency so it is not design to compete with alt and beside all alts are just relying
to btc price so how can they compete with their origin.

deisik

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Quote from: mrkevio on August 31, 2016, 03:28:48 AM

Quote from: shinratensei_ on August 31, 2016, 02:54:42 AM

Quote from: richardsNY on August 29, 2016, 04:07:26 PM

Quote from: virtualkeybuyer on August 29, 2016, 04:01:14 PM

Quote from: Vikingr on August 29, 2016, 03:57:24 PM

I think you are right bitcoin do not have any competitors, as bitcoin is a bigger crypto currency and most people want to put their money in bitcoin and are using it as a currency while other coins are only used for trade,

You are right, now bitcoin is going to be a normal currency and a number of people have adopted it as a currency for their purchases, while all other currencies are for trade only their developers are not going to provide services with them.

Bitcoin has always been a currency. Same goes up for the investment aspect of Bitcoin. Bitcoin can be seen as a mult-purpose tool that offers features for the majority of the people. I say majority because there is no way to please all people.

There is a people is saying if bitcoin is not a currency?that's a very bad logic and the main purpose of bitcoin has become an alternative currency. we don't know if in this time bitcoin will have multiple purposes.

Some are looking at it as a currency, some as an investment and some as a way of earning money. USD is used as a currency, we can invest with it and we can earn money from it. So Bitcoin is a currency.

Money is what money does. To be a currency Bitcoin must widely be used as a means of payment (just like the US dollar), that is, for buying and selling real goods. Right now, it is mostly used as a vehicle for speculation ("buy low sell high")...

In this way, it is no more than a speculative financial asset, but not a currency, by any means

Cendassi

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All the banks are the competition though lol. Don't you think they are scared that big investors will jump the bitcoin train instead of splitting their money into different banks? Especially when the coins are going to be more stable, now they change too much though.

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Quote from: shinratensei_ on August 31, 2016, 02:54:42 AM

Quote from: richardsNY on August 29, 2016, 04:07:26 PM

Quote from: virtualkeybuyer on August 29, 2016, 04:01:14 PM

Quote from: Vikingr on August 29, 2016, 03:57:24 PM

I think you are right bitcoin do not have any competitors, as bitcoin is a bigger crypto currency and most people want to put their money in bitcoin and are using it as a currency while other coins are only used for trade,

You are right, now bitcoin is going to be a normal currency and a number of people have adopted it as a currency for their purchases, while all other currencies are for trade only their developers are not going to provide services with them.

Bitcoin has always been a currency. Same goes up for the investment aspect of Bitcoin. Bitcoin can be seen as a mult-purpose tool that offers features for the majority of the people. I say majority because there is no way to please all people.

There is a people is saying if bitcoin is not a currency?that's a very bad logic and the main purpose of bitcoin has become an alternative currency. we don't know if in this time bitcoin will have multiple purposes.

Some are looking at it as a currency, some as an investment and some as a way of earning money. USD is used as a currency, we can invest with it and we can earn money from it. So Bitcoin is a currency.

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Quote from: Gataway on August 31, 2016, 02:13:00 AM

Quote from: Vikingr on August 29, 2016, 03:57:24 PM

I think you are right bitcoin do not have any competitors, as bitcoin is a bigger crypto currency and most people want to put their money in bitcoin and are using it as a currency while other coins are only used for trade,

The Etheruem is the competition of the bitcoin. The market cap of Ethereum is about 10% of bitcoin. It will get bigger.

Yes, you are right, Ethereum's market cap is $940,376,672 which is impressive and it will get bigger in the future most likely, but Bitcoin's market cap is $9,111,309,781 and there are no reasons to think that it will be growing slower than for Ethereum.

DOGE12321

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Bitcoin has been losing its market cap lead over the past years, but I still have faith in the cryptocurrency. It is a volatile currency and it has its highs and lows just like every other cryptocurrency.

I mean, it is going to take at least another 5 years before another altcoin can even be capable of taking the place of Bitcoin.

Topic: Bitcoin has no competition - page 99. (Read 43199 times)