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Topic: Bitcoin may not be number one for long - page 34. (Read 28298 times)

full member
Activity: 131
Merit: 100
Invent Bacon-Coin and see me HODL
November 04, 2017, 12:15:02 PM
BTCs value isnt bound to its usability, but much rather to it being the first and most well-known crypto-currency there is..

Id guess that out of 100 people who have heard of bitcoin, maybe 5 heard of ethereum and 1-2 heard of other altcoins.

That said, Bitcoin simply is the value this market depends on especially due to the reason that a lot of (crypto-wise uneducated) people who enter the crypto-market will purely rely on btc as they dont know anything about other coins.

Thats at least what I experienced so far.
FRJ
member
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The Worlds Most Advanced Distributed Computer
November 04, 2017, 12:11:32 PM
I agree.But I hope it will take a turn and snatch the first position.
member
Activity: 168
Merit: 10
November 04, 2017, 12:11:12 PM
That might be true. But I do not believe Ethereum will be able to hold their gains for long. Sooner or later the price has to go down simply because that is what markets do.

So always remind yourself not to get lost in the mania and try to stay objective. In a market like this, it is easy to think that the good days will never end.


I'm not even holding ethereum, was for a bit but sold it. I bought lbry and don't regret it. The 5x profit margin of the top 5 coins don't really compare to the 20x I've made since buying lbry. I hope some of the other shitcoins I'm holding go back up, they spiked during the last bull run and I didn't sell, now they seem to be sliding down.

I agree. Although there is a chance especially after the fork that altcoins would surge in terms of price. The current market trend at the moment is not indicating any major change that would let another coin be of similar standing, more so overtake bitcoin. Maybe that can be reached if more people would really rally in using altcoins so much more than bitcoins.
full member
Activity: 154
Merit: 100
November 04, 2017, 12:09:22 PM
I think bitcoin will keep leading the market atleast until crypto is accessible enough for the masses to start using it. Not necessarily Bitcoin as it is today, since Bitcoin Cash and Bitcoin 2x might catch up eventually, but definitely one of form on bitcoin will be #1 for the next couple years.
full member
Activity: 546
Merit: 100
November 04, 2017, 12:06:50 PM
Bitcoin is a leader and not a single crypto currency has even come close to him. But of course we can not guarantee that this will not happen in the future.
full member
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Merit: 121
November 04, 2017, 12:04:41 PM
I do not feel so.Nonetheless, there are far more and much more new technologies adoptions and even much more Venture Capitals as properly as Hedge Cash backing Bitcoin, which is pushing the Bitcoin Cost increased and higher. There is just minimal variety of Bitcoins available. When Bitcoin Mining will occur to its end, that is the time Bitcoin Price tag will start flying high!
bitcoin is the only coin who have such a high rate in the whole world and there are various coins in the market but i am sure that no one can cross the rate of  bitcoin because the user of bitcoin is increasing with a very high rate and they are investing in bitcoin and in future the rate will be more and more high from present rate.
newbie
Activity: 47
Merit: 0
November 04, 2017, 11:43:11 AM
I do not feel so.Nonetheless, there are far more and much more new technologies adoptions and even much more Venture Capitals as properly as Hedge Cash backing Bitcoin, which is pushing the Bitcoin Cost increased and higher. There is just minimal variety of Bitcoins available. When Bitcoin Mining will occur to its end, that is the time Bitcoin Price tag will start flying high!
hero member
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CryptoTalk.Org - Get Paid for every Post!
November 04, 2017, 09:29:09 AM
Ethereum has potential to surpass bitcoin in the price as it a blockchain enterprise which creates smart contracts.But they both are completely different. Bitcoin is a branded digital currency. No other currency like dash,zcash can touch bitcoin.
I agree. Bitcoin has moved ahead so much beyond other alts that even if some of them like etherium have better features, it still would be unreachable. It's going to take a very long time before a alt can overtake btc.
sr. member
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Merit: 286
November 04, 2017, 09:19:09 AM
I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.
I totally disagree with you. Indeed, Etherium is o.e of the most popular coins and also has a hugh rate of increase on its market value, but knowing that Bitcoin is also too. Bitcoin still has the largest community among any ither coins, which i think is the most important thing. Big community will generate high demand and high demand will result for a value of something to be expensive. And its nit surprising to know that it is still the number 1 crypto.
full member
Activity: 336
Merit: 100
November 04, 2017, 09:14:18 AM
Well there is a probability for that to happen but i don't think that it will happen right away. You see bitcoin took a lot of years to be in where it is right now. So i think ethereum will take about a couple of year to take over bitcoin.
sr. member
Activity: 434
Merit: 250
November 04, 2017, 09:03:29 AM
Ethereum has potential to surpass bitcoin in the price as it a blockchain enterprise which creates smart contracts.But they both are completely different. Bitcoin is a branded digital currency. No other currency like dash,zcash can touch bitcoin.
You are right that ETH is very good, But i don't think that it can superpass bitcoin at least in this 10 years. Currently ETH price is 300$, It's good price but when we compared it to bitcoin we can see that bitcoin price is more than 24 time of ethereum price.
sr. member
Activity: 616
Merit: 251
November 04, 2017, 08:22:47 AM
I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

Two fork have gone but still bitcoin is on the top, I think no other cryptocurrency would probably over take bitcoins value. Maybe ethereum is becoming popular because it is being use for ICO buts still at the end of the day ethereum needs to be converted to bitcoin before it can be converted to local fiat.(correct me if I'm wrong on this)
member
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Merit: 10
November 04, 2017, 08:21:08 AM
Ethereum has potential to surpass bitcoin in the price as it a blockchain enterprise which creates smart contracts.But they both are completely different. Bitcoin is a branded digital currency. No other currency like dash,zcash can touch bitcoin.
full member
Activity: 290
Merit: 100
November 04, 2017, 08:18:14 AM
I think bitcoin will not be replaced by other coins and other cryptocurrency, bitcoin has a large gab between other coins and other crypto in terms of value, users, investors and many countries that planted bitcoin. And now their is a threat to bitcoin but actually not a threat because bitcoin has a triple times larger and bigger than ethereum. Thats why bitcoin will not be replaced.
copper member
Activity: 700
Merit: 120
Gamdom
November 04, 2017, 08:09:39 AM
I think bitcoin will always be number one for long time.Ethereum can't beat bitcoin as my opinion
full member
Activity: 630
Merit: 103
November 04, 2017, 07:57:28 AM
I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

This is very impossible to happen as we can see the very huge gap average value of the two coins in the market, ethereum will going to eat a lot of dust during the competition because no matter how much you hold ethereum or even other altcoin still it will be traded to bitcoin to earn paper money or to earn bitcoin for a better kind of holding in which bitcoin is truly the crowd favorite coin.
sr. member
Activity: 546
Merit: 250
November 04, 2017, 07:46:15 AM
There's Litecoin out there, it's better than Bitcoin in some aspects but we did not see it approaching Bitcoin. Only recently when Litecoin received a little light, Before that, he remained silent.

Litecoin is only slightly better than Bitcoin. That little increase in technology is not enough to get rid of Bitcoin away from its throne. That's why the developers can only accept it and start to have a target market rather than have to try to beat Bitcoin.

It will take a big leap in technology for Bitcoin to be overthrown or Bitcoin must destroy itself because Bitcoin does not become number one for long.
newbie
Activity: 14
Merit: 0
November 03, 2017, 11:52:32 PM
I want to write right now as if i am looking into the future,bitcoin is yet to reach its potential and it will SURELY reach its planned potentials even if it would later decline/burst !
Against all odds,if btc while at less than $1 with few holders could reach $7000 with more than 5 million holders in just less than 8 to 9 years,then the sky is its start point regardless of china regulations or any country's financial regulations.

YES! I strongly agree!  Wink
member
Activity: 70
Merit: 10
November 03, 2017, 05:16:38 PM
I want to write right now as if i am looking into the future,bitcoin is yet to reach its potential and it will SURELY reach its planned potentials even if it would later decline/burst !
Against all odds,if btc while at less than $1 with few holders could reach $7000 with more than 5 million holders in just less than 8 to 9 years,then the sky is its start point regardless of china regulations or any country's financial regulations.


I want to write right now as if i am looking into the future,bitcoin is yet to reach its potential and it will SURELY reach its planned potentials even if it would later decline/burst !
Against all odds,if btc while at less than $1 with few holders could grow up in less than 8 to 9 years to reach $7000 with more than 5 million holders,then the sky is its starting point regardless of china regulations or any country's financial regulations. No regulations coukd deter the power of more than 200 million holders in about 5 years to now. This is indeed a peer-to-peer payment settlement !!!
full member
Activity: 168
Merit: 120
November 03, 2017, 05:12:39 PM
I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.
I dont think so. Yes now bitcoin is on top of digital currency.  It was the most promising coin for now. But I think it will still in the future. Because although there are a lot of other coin came, they just depending on the bitcoin. The price of they is just relying on the value of bitcoin. That why they are just called as alternative coins.
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