you know maybe bitcoin is the gold of crypto
but there are still no diamond
Topic: Can any cryptocurrency overhaul Bitcoin's value in future? (Read 1726 times)
yes, there can be a coin that has higher marketcap than bitcoin
you know maybe bitcoin is the gold of crypto
but there are still no diamond
you know maybe bitcoin is the gold of crypto
but there are still no diamond
In my opinion other coins can have huge price but the most expensive coin always will be bitcoin, because bitcoin is first and the most popular coin
Yeah it is possible. As we see last days, bitcoin cash flied multiplying its price. It was near to see bitcoin dying completely. I think now that it is possible but highly unlikely.
To be honest, if Litecoin was going to surpass Bitcoin or even Ethereum, it would have done so by now. It is an old altcoin, created 6 years ago. Some of the better privacy coins might stay in use for some while, but I think that the nature of Bitcoin will be that it might fork when benefits are clear and obvious. By the nature of blockchains, it doesn't really make too much sense for multiple of them to exist at the same time. Altcoins simply don't have the support to make too much hardforks probably, since people might just want to make a new one instead and profit more.
So in your opinion are there any new altcoins on the horizon which could challenge Bitcoin or Ethereum?A coin can challenge and test the leadership of bitcoin. But it can't take the leadership. I'm sure there are tons of coins which has great speeds, maybe times greater than bitcoin. This is not enough to surpass bitcoin. It's all about the adoption by the society.
I can implement a coin faster and better than bitcoin, but nobody uses and adopts it.
I think this currency should:
a) have limited supply (unlike Ethereum)
b) have POS or some other energy efficient algo
c) have contracts. And by the way, a lot of people put a lot of efforts learning Solidity/Web3.js. Hope hwoever creates new currency will not force them to re-learn. Besides, it will make migration easier.
d) will have fork protection. Something like an immutable ownership contract that forbids "cash", "gold" and so on.
a) have limited supply (unlike Ethereum)
b) have POS or some other energy efficient algo
c) have contracts. And by the way, a lot of people put a lot of efforts learning Solidity/Web3.js. Hope hwoever creates new currency will not force them to re-learn. Besides, it will make migration easier.
d) will have fork protection. Something like an immutable ownership contract that forbids "cash", "gold" and so on.
Hey everybody. I see that this forum has a lot of people talking about the strengths about bitcoin. For eg there are posts which say value of 1BTC to reach $500K or 1BTC = Lamborghini and even one which debated whether one can forego their jobs over Bitcoin.
It makes me wonder whether there are any cryptocurrencies which will overtake bitcoin in the near future. I mean BTC got to where it is because it was first in the market. But now with increasing awareness there's equal oppportunity for other such currencies to make it as big.
My question to you all which will later be converted into a poll:
Is there any cryptocurrency which can beat Bitcoin in sheer value (in $)?
I think there is. Bitcoin is not perfect, there is always something that will take its place. Something that can match or even overpower it. There is no permanent in this world. Things happens unavoidable and unexpectedly. So it is possible in any circumstances that some sort of cryptocurrency might be taking its place any timeIt makes me wonder whether there are any cryptocurrencies which will overtake bitcoin in the near future. I mean BTC got to where it is because it was first in the market. But now with increasing awareness there's equal oppportunity for other such currencies to make it as big.
My question to you all which will later be converted into a poll:
Is there any cryptocurrency which can beat Bitcoin in sheer value (in $)?
There will surely be but the question is what coin it is? Pretty thought to think since there so many coins has been and some of them are made for pure greed and the other is for business opening opportunity for the businessman who want to make their dream business to be implemented.
Hey everybody. I see that this forum has a lot of people talking about the strengths about bitcoin. For eg there are posts which say value of 1BTC to reach $500K or 1BTC = Lamborghini and even one which debated whether one can forego their jobs over Bitcoin.
It makes me wonder whether there are any cryptocurrencies which will overtake bitcoin in the near future. I mean BTC got to where it is because it was first in the market. But now with increasing awareness there's equal oppportunity for other such currencies to make it as big.
My question to you all which will later be converted into a poll:
Is there any cryptocurrency which can beat Bitcoin in sheer value (in $)?
I think there is. Bitcoin is not perfect, there is always something that will take its place. Something that can match or even overpower it. There is no permanent in this world. Things happens unavoidable and unexpectedly. So it is possible in any circumstances that some sort of cryptocurrency might be taking its place any time It makes me wonder whether there are any cryptocurrencies which will overtake bitcoin in the near future. I mean BTC got to where it is because it was first in the market. But now with increasing awareness there's equal oppportunity for other such currencies to make it as big.
My question to you all which will later be converted into a poll:
Is there any cryptocurrency which can beat Bitcoin in sheer value (in $)?
I would be more than surprised to see an alt coin even catch bitcoin in value. I am pretty sure Bitcoin will always lead the cryptocurrencies. Of course some coins will gain value in time like ETH or Litecoin but as i belive they can never be match for Bitcoin.
What about Litecoin, Gbyte, Monero, QTUM, Ripple or others? Any of them have the staying power and more importantly can they pass Bitcoin or even Ethereum?
Well certainly this coins have the potential to make it to the top in coming time. Yes the first challenge for this altcoins will be to reach to the price of ETH and then move forward to reach somewhere near btc price. Its a long journey for this coins but not an impossible if people started using more of this coin as btc is way to expensive for many of them.
To be honest, if Litecoin was going to surpass Bitcoin or even Ethereum, it would have done so by now. It is an old altcoin, created 6 years ago. Some of the better privacy coins might stay in use for some while, but I think that the nature of Bitcoin will be that it might fork when benefits are clear and obvious. By the nature of blockchains, it doesn't really make too much sense for multiple of them to exist at the same time. Altcoins simply don't have the support to make too much hardforks probably, since people might just want to make a new one instead and profit more.
So in your opinion are there any new altcoins on the horizon which could challenge Bitcoin or Ethereum?In my opinion, no. If that happens it will probably be a big collaborative effort from the start. I don't think that such a coin would start with a small group and low adoption at it's infancy, it would most likely be a big portion of people and developers from Bitcoin and other projects, they would join together to make a wallet that is as secure and reviewed as Bitcoin Core and a new protocol that is superior to it. However, this does seem like it would most likely just be a hard fork of Bitcoin, since people owning BTC would also back this up.
Big profits, like the ones that happened with Bitcoin are only there when something big happens. They don't happen if it is just some new altcoin, someone had a good idea and it blows up like that. The idea has to be amazing, revolutionary, bigger then anything else in that area before it, not just better, but more of a ground breaker. Cryptocurrency is an amazing tech, it is so much more complex then fiat, it is truly revolutionary and still it exist for over 8 years and all of them combined are having a hard time battling fiat. It grows, but it is nowhere near having even 1% of the market. It is really hard to take down an established system.
To be honest, if Litecoin was going to surpass Bitcoin or even Ethereum, it would have done so by now. It is an old altcoin, created 6 years ago. Some of the better privacy coins might stay in use for some while, but I think that the nature of Bitcoin will be that it might fork when benefits are clear and obvious. By the nature of blockchains, it doesn't really make too much sense for multiple of them to exist at the same time. Altcoins simply don't have the support to make too much hardforks probably, since people might just want to make a new one instead and profit more.
So in your opinion are there any new altcoins on the horizon which could challenge Bitcoin or Ethereum?In my opinion, no. If that happens it will probably be a big collaborative effort from the start. I don't think that such a coin would start with a small group and low adoption at it's infancy, it would most likely be a big portion of people and developers from Bitcoin and other projects, they would join together to make a wallet that is as secure and reviewed as Bitcoin Core and a new protocol that is superior to it. However, this does seem like it would most likely just be a hard fork of Bitcoin, since people owning BTC would also back this up.
Big profits, like the ones that happened with Bitcoin are only there when something big happens. They don't happen if it is just some new altcoin, someone had a good idea and it blows up like that. The idea has to be amazing, revolutionary, bigger then anything else in that area before it, not just better, but more of a ground breaker. Cryptocurrency is an amazing tech, it is so much more complex then fiat, it is truly revolutionary and still it exist for over 8 years and all of them combined are having a hard time battling fiat. It grows, but it is nowhere near having even 1% of the market. It is really hard to take down an established system.
To be honest, if Litecoin was going to surpass Bitcoin or even Ethereum, it would have done so by now. It is an old altcoin, created 6 years ago. Some of the better privacy coins might stay in use for some while, but I think that the nature of Bitcoin will be that it might fork when benefits are clear and obvious. By the nature of blockchains, it doesn't really make too much sense for multiple of them to exist at the same time. Altcoins simply don't have the support to make too much hardforks probably, since people might just want to make a new one instead and profit more.
So in your opinion are there any new altcoins on the horizon which could challenge Bitcoin or Ethereum?
To be honest, if Litecoin was going to surpass Bitcoin or even Ethereum, it would have done so by now. It is an old altcoin, created 6 years ago. Some of the better privacy coins might stay in use for some while, but I think that the nature of Bitcoin will be that it might fork when benefits are clear and obvious. By the nature of blockchains, it doesn't really make too much sense for multiple of them to exist at the same time. Altcoins simply don't have the support to make too much hardforks probably, since people might just want to make a new one instead and profit more.
What about Litecoin, Gbyte, Monero, QTUM, Ripple or others? Any of them have the staying power and more importantly can they pass Bitcoin or even Ethereum?
I don't know about Ethereum...
Pretty big blockchain, very hard to sync, I always got to a grinding halt when I tried it, more then 10 times. Bitcon always sync up, did it like 2 times, with a 100% success rate.
It is also too centralized and their developers like to make very big and controversial changes, that shouldn't work on Bitcoin. Segwit is such a obvious and small change and it is soft fork compared to a hard fork that Ethereum did only to rewrite the valid transactions in blockchain (the DAO fork). Also the PoS system they will implement is pretty untested compared to PoW Bitcoin has. Had more bugs in the clients as well (mostly syncing bugs), when I used it. Not so fluid for use like Bitcoin Core.
The adoption is pretty big on Bitcoin as well, that is hard to battle.
I think that they focused on features to much and not on security and stability. It is great for development, maybe, but currency is a lot better stable,certain and secure.
I mean good luck, but I wouldn't bet on it.
You make interesting observations. Which leads me to believe that it is doable. A better tech down the line might spring up 3-4 altcoins giving bitcoin a run for its money. Every Monopoly gets beaten someday.Pretty big blockchain, very hard to sync, I always got to a grinding halt when I tried it, more then 10 times. Bitcon always sync up, did it like 2 times, with a 100% success rate.
It is also too centralized and their developers like to make very big and controversial changes, that shouldn't work on Bitcoin. Segwit is such a obvious and small change and it is soft fork compared to a hard fork that Ethereum did only to rewrite the valid transactions in blockchain (the DAO fork). Also the PoS system they will implement is pretty untested compared to PoW Bitcoin has. Had more bugs in the clients as well (mostly syncing bugs), when I used it. Not so fluid for use like Bitcoin Core.
The adoption is pretty big on Bitcoin as well, that is hard to battle.
I think that they focused on features to much and not on security and stability. It is great for development, maybe, but currency is a lot better stable,certain and secure.
I mean good luck, but I wouldn't bet on it.
I literally just bashed Ethereum on how it is inferior as a currency in every way. I hope you didn't confuse and thought I was talking other way around. I meant that Ethereum is too centralized, too big of a blockchain, too buggy and doing controversial changes like the DAO fork. But if you understood correctly and still reached the same conclusion, then good. As I said, good luck with that 
I don't know about Ethereum...
Pretty big blockchain, very hard to sync, I always got to a grinding halt when I tried it, more then 10 times. Bitcon always sync up, did it like 2 times, with a 100% success rate.
It is also too centralized and their developers like to make very big and controversial changes, that shouldn't work on Bitcoin. Segwit is such a obvious and small change and it is soft fork compared to a hard fork that Ethereum did only to rewrite the valid transactions in blockchain (the DAO fork). Also the PoS system they will implement is pretty untested compared to PoW Bitcoin has. Had more bugs in the clients as well (mostly syncing bugs), when I used it. Not so fluid for use like Bitcoin Core.
The adoption is pretty big on Bitcoin as well, that is hard to battle.
I think that they focused on features to much and not on security and stability. It is great for development, maybe, but currency is a lot better stable,certain and secure.
I mean good luck, but I wouldn't bet on it.
You make interesting observations. Which leads me to believe that it is doable. A better tech down the line might spring up 3-4 altcoins giving bitcoin a run for its money. Every Monopoly gets beaten someday.Pretty big blockchain, very hard to sync, I always got to a grinding halt when I tried it, more then 10 times. Bitcon always sync up, did it like 2 times, with a 100% success rate.
It is also too centralized and their developers like to make very big and controversial changes, that shouldn't work on Bitcoin. Segwit is such a obvious and small change and it is soft fork compared to a hard fork that Ethereum did only to rewrite the valid transactions in blockchain (the DAO fork). Also the PoS system they will implement is pretty untested compared to PoW Bitcoin has. Had more bugs in the clients as well (mostly syncing bugs), when I used it. Not so fluid for use like Bitcoin Core.
The adoption is pretty big on Bitcoin as well, that is hard to battle.
I think that they focused on features to much and not on security and stability. It is great for development, maybe, but currency is a lot better stable,certain and secure.
I mean good luck, but I wouldn't bet on it.
I literally just bashed Ethereum on how it is inferior as a currency in every way. I hope you didn't confuse and thought I was talking other way around. I meant that Ethereum is too centralized, too big of a blockchain, too buggy and doing controversial changes like the DAO fork. But if you understood correctly and still reached the same conclusion, then good. As I said, good luck with that
All cases are possible in the following years.
Everything will depend on how Bitcoin will scale in the future. I'm a bit scared for now because Bitcoin is clearly the worst crypto existing in the top 50.
Everything will depend on how Bitcoin will scale in the future. I'm a bit scared for now because Bitcoin is clearly the worst crypto existing in the top 50.
I don't know about Ethereum...
Pretty big blockchain, very hard to sync, I always got to a grinding halt when I tried it, more then 10 times. Bitcon always sync up, did it like 2 times, with a 100% success rate.
It is also too centralized and their developers like to make very big and controversial changes, that shouldn't work on Bitcoin. Segwit is such a obvious and small change and it is soft fork compared to a hard fork that Ethereum did only to rewrite the valid transactions in blockchain (the DAO fork). Also the PoS system they will implement is pretty untested compared to PoW Bitcoin has. Had more bugs in the clients as well (mostly syncing bugs), when I used it. Not so fluid for use like Bitcoin Core.
The adoption is pretty big on Bitcoin as well, that is hard to battle.
I think that they focused on features to much and not on security and stability. It is great for development, maybe, but currency is a lot better stable,certain and secure.
I mean good luck, but I wouldn't bet on it.
You make interesting observations. Which leads me to believe that it is doable. A better tech down the line might spring up 3-4 altcoins giving bitcoin a run for its money. Every Monopoly gets beaten someday. Pretty big blockchain, very hard to sync, I always got to a grinding halt when I tried it, more then 10 times. Bitcon always sync up, did it like 2 times, with a 100% success rate.
It is also too centralized and their developers like to make very big and controversial changes, that shouldn't work on Bitcoin. Segwit is such a obvious and small change and it is soft fork compared to a hard fork that Ethereum did only to rewrite the valid transactions in blockchain (the DAO fork). Also the PoS system they will implement is pretty untested compared to PoW Bitcoin has. Had more bugs in the clients as well (mostly syncing bugs), when I used it. Not so fluid for use like Bitcoin Core.
The adoption is pretty big on Bitcoin as well, that is hard to battle.
I think that they focused on features to much and not on security and stability. It is great for development, maybe, but currency is a lot better stable,certain and secure.
I mean good luck, but I wouldn't bet on it.
Of course many of them would.
Because with time every technology advances.
Bitcoin sure would be obsolete one day being replaced by better blockchain technology.
Because with time every technology advances.
Bitcoin sure would be obsolete one day being replaced by better blockchain technology.
I don't know about Ethereum...
Pretty big blockchain, very hard to sync, I always got to a grinding halt when I tried it, more then 10 times. Bitcon always sync up, did it like 2 times, with a 100% success rate.
It is also too centralized and their developers like to make very big and controversial changes, that shouldn't work on Bitcoin. Segwit is such a obvious and small change and it is soft fork compared to a hard fork that Ethereum did only to rewrite the valid transactions in blockchain (the DAO fork). Also the PoS system they will implement is pretty untested compared to PoW Bitcoin has. Had more bugs in the clients as well (mostly syncing bugs), when I used it. Not so fluid for use like Bitcoin Core.
The adoption is pretty big on Bitcoin as well, that is hard to battle.
I think that they focused on features to much and not on security and stability. It is great for development, maybe, but currency is a lot better stable,certain and secure.
I mean good luck, but I wouldn't bet on it.
Pretty big blockchain, very hard to sync, I always got to a grinding halt when I tried it, more then 10 times. Bitcon always sync up, did it like 2 times, with a 100% success rate.
It is also too centralized and their developers like to make very big and controversial changes, that shouldn't work on Bitcoin. Segwit is such a obvious and small change and it is soft fork compared to a hard fork that Ethereum did only to rewrite the valid transactions in blockchain (the DAO fork). Also the PoS system they will implement is pretty untested compared to PoW Bitcoin has. Had more bugs in the clients as well (mostly syncing bugs), when I used it. Not so fluid for use like Bitcoin Core.
The adoption is pretty big on Bitcoin as well, that is hard to battle.
I think that they focused on features to much and not on security and stability. It is great for development, maybe, but currency is a lot better stable,certain and secure.
I mean good luck, but I wouldn't bet on it.
It is very possible for another cryptocurrency to over take bitcoin in price before 2025 and maybe those currency has not been developed yet. There is a great opportunity out there that has not be tap in on cryptocurrency. I have fore see that time is coming when bitcoin will be rejected by governments and it will remain decentralized and governments of nations will develop their own coin using blockchain technology and create a good value for it that will over take bitcoin in price and market capitalization.
So wouldn't that drive the value of Bitcoin down? Ether has very much potential to achieve higher overall trading volume and can definitely compete to Bitcoin.
Compete yes, surpass it? I seriously doubt it, but time will tell. Keep in mind there's so much mainstream-media coverage about Bitcoin compared to the occasional bits and pieces about alt coins. People unfamiliar with the world of crypto will always stick with the most popular coin.
Imo Ether will surpass Bitcoin by Easter. More tech is being built on it, its better tech itself and micro-transactions are possible.
Well currently, the market cap of Ethereum is half that of Bitcoin:
https://coinmarketcap.com/
It just needs bitcoin's price to drop back to say $3000 and Ether's price to move to $500 for the "flippening" to happen.
https://coinmarketcap.com/
It just needs bitcoin's price to drop back to say $3000 and Ether's price to move to $500 for the "flippening" to happen.
That sounds far fetched right now. But things change fast.
Not really. Ethereum already has about 100,000 more transactions every day than bitcoin does. Not to mention the mushrooming on contracts built on top of the ethereum platform. The flippening is a real possibility.
It is very possible for another cryptocurrency to over take bitcoin in price before 2025 and maybe those currency has not been developed yet. There is a great opportunity out there that has not be tap in on cryptocurrency. I have fore see that time is coming when bitcoin will be rejected by governments and it will remain decentralized and governments of nations will develop their own coin using blockchain technology and create a good value for it that will over take bitcoin in price and market capitalization.
Ether has very much potential to achieve higher overall trading volume and can definitely compete to Bitcoin.
Compete yes, surpass it? I seriously doubt it, but time will tell. Keep in mind there's so much mainstream-media coverage about Bitcoin compared to the occasional bits and pieces about alt coins. People unfamiliar with the world of crypto will always stick with the most popular coin.
Well currently, the market cap of Ethereum is half that of Bitcoin:
https://coinmarketcap.com/
It just needs bitcoin's price to drop back to say $3000 and Ether's price to move to $500 for the "flippening" to happen.
https://coinmarketcap.com/
It just needs bitcoin's price to drop back to say $3000 and Ether's price to move to $500 for the "flippening" to happen.
That sounds far fetched right now. But things change fast.
Not really. Ethereum already has about 100,000 more transactions every day than bitcoin does. Not to mention the mushrooming on contracts built on top of the ethereum platform. The flippening is a real possibility.
Ether has very much potential to achieve higher overall trading volume and can definitely compete to Bitcoin.
Well currently, the market cap of Ethereum is half that of Bitcoin:
https://coinmarketcap.com/
It just needs bitcoin's price to drop back to say $3000 and Ether's price to move to $500 for the "flippening" to happen.
https://coinmarketcap.com/
It just needs bitcoin's price to drop back to say $3000 and Ether's price to move to $500 for the "flippening" to happen.
That sounds far fetched right now. But things change fast.
Any other Altcoin on the horizon that you think may shake up BTC?
Dogecoin looking good
Its not impossible, many things can happen in future. I can't even guess which coin that can be, ETH like first behind bitcoin in price and popularity, or some new altcoin? There is many other altcoins, can any of this altcoins overhaul bitcoin value is really hard to guess. Who knows answer on this question have a chance to buy now and become very rich later. It will not be easy task for that altcoin, btc already cost a lot and predictions are more then optimistic, altcoin that can overcome bitcoin will need to have better code and very active devs and community. Is there altcoin that have forum like this one where we can earn with commenting, and then spent that altcoin on many other things?
Yes it will take no less than a breakthrough to achieve that feat.
This forum is awesome. Great Marketing strategy
Indeed this furom is one of the greatest support since it can market the bitcoin silently and I really can say that other alts where earn some big sweats to defeat bitcoins for this times but if bill gates and the other richest man in the world will create there crypto currency and market it I think that one could defeat bitcoins but this one will not happen.
Its not impossible, many things can happen in future. I can't even guess which coin that can be, ETH like first behind bitcoin in price and popularity, or some new altcoin? There is many other altcoins, can any of this altcoins overhaul bitcoin value is really hard to guess. Who knows answer on this question have a chance to buy now and become very rich later. It will not be easy task for that altcoin, btc already cost a lot and predictions are more then optimistic, altcoin that can overcome bitcoin will need to have better code and very active devs and community. Is there altcoin that have forum like this one where we can earn with commenting, and then spent that altcoin on many other things?
Yes it will take no less than a breakthrough to achieve that feat.
This forum is awesome. Great Marketing strategy
Its not impossible, many things can happen in future. I can't even guess which coin that can be, ETH like first behind bitcoin in price and popularity, or some new altcoin? There is many other altcoins, can any of this altcoins overhaul bitcoin value is really hard to guess. Who knows answer on this question have a chance to buy now and become very rich later. It will not be easy task for that altcoin, btc already cost a lot and predictions are more then optimistic, altcoin that can overcome bitcoin will need to have better code and very active devs and community. Is there altcoin that have forum like this one where we can earn with commenting, and then spent that altcoin on many other things?
So can we spot a few altcoins which could dethrone bitcoin?
Etereum is easily one contender. Any others??
Etereum is easily one contender. Any others??
Honestly no one can predict the future so who knows at the end of the day. lol
Having an altcoin to overcome bitcoin's Greatness, its value, and maybe its technology, is not an impossible site. It may seem as if nothing can surpass bitcoin. Bitcoin's value as of the moment is overwhelmingly high and being the first crypto currency to be established is one factor that made it valuable as it is today. However, a small possibility of an altcoin to rise and be able to surpass its market value is right around the corner. although, this will not happen overtime and a lot of effort and time and finances will have to be given for an altcoin to surpass Btc. Not an easy challenge indeed.
Well currently, the market cap of Ethereum is half that of Bitcoin:
https://coinmarketcap.com/
It just needs bitcoin's price to drop back to say $3000 and Ether's price to move to $500 for the "flippening" to happen.
https://coinmarketcap.com/
It just needs bitcoin's price to drop back to say $3000 and Ether's price to move to $500 for the "flippening" to happen.
That sounds far fetched right now. But things change fast.
Any other Altcoin on the horizon that you think may shake up BTC?
Hey everybody. I see that this forum has a lot of people talking about the strengths about bitcoin. For eg there are posts which say value of 1BTC to reach $500K or 1BTC = Lamborghini and even one which debated whether one can forego their jobs over Bitcoin.
It makes me wonder whether there are any cryptocurrencies which will overtake bitcoin in the near future. I mean BTC got to where it is because it was first in the market. But now with increasing awareness there's equal oppportunity for other such currencies to make it as big.
My question to you all which will later be converted into a poll:
Is there any cryptocurrency which can beat Bitcoin in sheer value (in $)?
Possibilities of being replaced is always there.If you do see the altcoin market there are lots of coins which do have really the potential to overtake bitcoin just like ETH, its smart contracts can really possibly attract more companies or investors which it can really be applied on real world use. I'm not saying that this coin would really replace bitcoin but this is one of the candidates for sure. It makes me wonder whether there are any cryptocurrencies which will overtake bitcoin in the near future. I mean BTC got to where it is because it was first in the market. But now with increasing awareness there's equal oppportunity for other such currencies to make it as big.
My question to you all which will later be converted into a poll:
Is there any cryptocurrency which can beat Bitcoin in sheer value (in $)?
Certainly. I think Eth got as close as 1 billion away from overtaking Bitcoins market cap. I think it is a question of when!
Well currently, the market cap of Ethereum is half that of Bitcoin:
https://coinmarketcap.com/
It just needs bitcoin's price to drop back to say $3000 and Ether's price to move to $500 for the "flippening" to happen.
https://coinmarketcap.com/
It just needs bitcoin's price to drop back to say $3000 and Ether's price to move to $500 for the "flippening" to happen.
You can see https://coinmarketcap.com/assets/primalbase/ primalbase or often called PBT, this is a coin that as far as I know the price exceeds the bitcoin price for now
Although I know PBT is created with ICO results where prices can be pegged by the developers themselves
But for some reason bitcoin for me is number 1 and always leading edge
Although I know PBT is created with ICO results where prices can be pegged by the developers themselves
But for some reason bitcoin for me is number 1 and always leading edge
That's interesting. Another Bitcoin killer in the making?
This price for PBT is that huge because price of 1 PBT in ICO was 3 BTC.
I don't think that we can take this token has an example then (but I don't say that PBT is a bad token).
Most people who are enthusiastic about cryptocurrency appear to agree that Bitcoin and its newer rival Ethereum have staying power, though they may be more bullish on one versus the other. On one conference this summer Balaji Srinivasan, CEO of 21, said:“In terms of 5 to 10 years, Bitcoin and Ether will be around I bet”. So it may be Ethereum
It is possible and I think that will happen but this is not a car race, even if a coin overhaul bitcoin, that doesn't mean it will be the new bitcoin.
No, it's not possible. Bitcoin is #1 and always will be #1.
Always? I doubt it. Nothing lasts forever.
Hey everybody. I see that this forum has a lot of people talking about the strengths about bitcoin. For eg there are posts which say value of 1BTC to reach $500K or 1BTC = Lamborghini and even one which debated whether one can forego their jobs over Bitcoin.
It makes me wonder whether there are any cryptocurrencies which will overtake bitcoin in the near future. I mean BTC got to where it is because it was first in the market. But now with increasing awareness there's equal oppportunity for other such currencies to make it as big.
My question to you all which will later be converted into a poll:
Is there any cryptocurrency which can beat Bitcoin in sheer value?
It makes me wonder whether there are any cryptocurrencies which will overtake bitcoin in the near future. I mean BTC got to where it is because it was first in the market. But now with increasing awareness there's equal oppportunity for other such currencies to make it as big.
My question to you all which will later be converted into a poll:
Is there any cryptocurrency which can beat Bitcoin in sheer value?
Value is a tricky thing to gauge. Do you mean the value of one (non-BTC coin)? Byteball ([GBYTE]) has come surprisingly close, peaking at nearly 40% of 1 BTC, currently around 9.5% - however, there are only 1 million byteballs in existence, so the actual market cap of GBYTE is far lower than BTCs. Supply * cost for one coin is probably a more accurate way to describe value than just 'how much does one of these go for'.
If by value, you mean 'better functionality they bring to the table', then I'd say Syscoin deserves a look. It's really nice, very fast, has a market place, (much) faster transactions, encrypted messaging, even an escrow service. However it currently trades for about $0.16 - sometimes the world is not fair.
I meant cost for one coin ($), have edited that in my first post now.
You have some very interesting points and Syscoin does seem like a good thought. Maybe it will pick up someday. Hopefully sooner than later.
No, it's not possible. Bitcoin is #1 and always will be #1.
Hey everybody. I see that this forum has a lot of people talking about the strengths about bitcoin. For eg there are posts which say value of 1BTC to reach $500K or 1BTC = Lamborghini and even one which debated whether one can forego their jobs over Bitcoin.
It makes me wonder whether there are any cryptocurrencies which will overtake bitcoin in the near future. I mean BTC got to where it is because it was first in the market. But now with increasing awareness there's equal oppportunity for other such currencies to make it as big.
My question to you all which will later be converted into a poll:
Is there any cryptocurrency which can beat Bitcoin in sheer value?
It makes me wonder whether there are any cryptocurrencies which will overtake bitcoin in the near future. I mean BTC got to where it is because it was first in the market. But now with increasing awareness there's equal oppportunity for other such currencies to make it as big.
My question to you all which will later be converted into a poll:
Is there any cryptocurrency which can beat Bitcoin in sheer value?
Value is a tricky thing to gauge. Do you mean the value of one (non-BTC coin)? Byteball ([GBYTE]) has come surprisingly close, peaking at nearly 40% of 1 BTC, currently around 9.5% - however, there are only 1 million byteballs in existence, so the actual market cap of GBYTE is far lower than BTCs. Supply * cost for one coin is probably a more accurate way to describe value than just 'how much does one of these go for'.
If by value, you mean 'better functionality they bring to the table', then I'd say Syscoin deserves a look. It's really nice, very fast, has a market place, (much) faster transactions, encrypted messaging, even an escrow service. However it currently trades for about $0.16 - sometimes the world is not fair.
You can see https://coinmarketcap.com/assets/primalbase/ primalbase or often called PBT, this is a coin that as far as I know the price exceeds the bitcoin price for now
Although I know PBT is created with ICO results where prices can be pegged by the developers themselves
But for some reason bitcoin for me is number 1 and always leading edge
Although I know PBT is created with ICO results where prices can be pegged by the developers themselves
But for some reason bitcoin for me is number 1 and always leading edge
That's interesting. Another Bitcoin killer in the making?
I wouldn't say other cryptos have an equal opportunity. Bitcoin is the first, the most accepted, most popular, most secure, most computationally and financially invested, most recognized blockchain. There is not that much space for the second. The idea of currency is that it is accepted by as many people possible and Bitcoin is it right now. It is very hard to take that and there is no real reason for people to switch. It is a simple and secure application, reviewed many times. And there are crytpos that are there from 2013 and still quite popular, but they are not even close to Bitcoin. Bitcoin was not surpassed in more then 8 years. So in near future, I really really doubt it. In long term, maybe, but I wouldn't bet on it. Bitcoin is simply good enough and it would be a huge cost for people to change it.
I agree with your points. What I understand from your thoughts are that they are practically monopolizing the industry right now. The thing is that it is technology at the end of the day and can be replicated in terms of availability, security etc. Classic case being Iphone. Now Nokia was well established as the leader till Iphone came alive in 2007. It helped that it came from a successful family and the quality ofcourse.
So maybe it may take someone from a different field which has good background to get into cryptocurrencies and grab that share currently enjoyed by Bitcoin.
It is more then that. Bitcoin isn't just like a new smartphone. Bitcoin is a network. If you buy a new Iphone, you can still communicate with people that have an old Nokia and they can with you. That is because the protocol used to make calls and SMS are very old and still used today. There are better protocols, but it would make new people disconnected from the old. Same is with Bitcoin, it is a protocol, not a shiny new device. People accept Bitcoin as a payment and not other coins. If you start accepting other coins, then you will have trouble using them, since others don't accept them.
On top of that, Bitcoin has it's blockchain. That blockchain was hard to make. A lot of electricity was spent on it over the years, more then any other coin. This is what makes it most secure. This and the fact that it has been reviewed many times.
I think you misunderstood what I meant with the Iphone/Nokia analogy. What I meant was that someone came along and was able to replicate/better an existing concept. So in theory it is possible but difficult to crack at present with Bitcoin.
Coming to blockchain, yes one the resources used is electricity but then again you have a perfectly usable natural resource to use to get the work done. You could even call it a Green coin and I am sure there'll be takers for it.
I wouldn't say other cryptos have an equal opportunity. Bitcoin is the first, the most accepted, most popular, most secure, most computationally and financially invested, most recognized blockchain. There is not that much space for the second. The idea of currency is that it is accepted by as many people possible and Bitcoin is it right now. It is very hard to take that and there is no real reason for people to switch. It is a simple and secure application, reviewed many times. And there are crytpos that are there from 2013 and still quite popular, but they are not even close to Bitcoin. Bitcoin was not surpassed in more then 8 years. So in near future, I really really doubt it. In long term, maybe, but I wouldn't bet on it. Bitcoin is simply good enough and it would be a huge cost for people to change it.
I agree with your points. What I understand from your thoughts are that they are practically monopolizing the industry right now. The thing is that it is technology at the end of the day and can be replicated in terms of availability, security etc. Classic case being Iphone. Now Nokia was well established as the leader till Iphone came alive in 2007. It helped that it came from a successful family and the quality ofcourse.
So maybe it may take someone from a different field which has good background to get into cryptocurrencies and grab that share currently enjoyed by Bitcoin.
It is more then that. Bitcoin isn't just like a new smartphone. Bitcoin is a network. If you buy a new Iphone, you can still communicate with people that have an old Nokia and they can with you. That is because the protocol used to make calls and SMS are very old and still used today. There are better protocols, but it would make new people disconnected from the old. Same is with Bitcoin, it is a protocol, not a shiny new device. People accept Bitcoin as a payment and not other coins. If you start accepting other coins, then you will have trouble using them, since others don't accept them.
On top of that, Bitcoin has it's blockchain. That blockchain was hard to make. A lot of electricity was spent on it over the years, more then any other coin. This is what makes it most secure. This and the fact that it has been reviewed many times.
You can see https://coinmarketcap.com/assets/primalbase/ primalbase or often called PBT, this is a coin that as far as I know the price exceeds the bitcoin price for now
Although I know PBT is created with ICO results where prices can be pegged by the developers themselves
But for some reason bitcoin for me is number 1 and always leading edge
Although I know PBT is created with ICO results where prices can be pegged by the developers themselves
But for some reason bitcoin for me is number 1 and always leading edge
I wouldn't say other cryptos have an equal opportunity. Bitcoin is the first, the most accepted, most popular, most secure, most computationally and financially invested, most recognized blockchain. There is not that much space for the second. The idea of currency is that it is accepted by as many people possible and Bitcoin is it right now. It is very hard to take that and there is no real reason for people to switch. It is a simple and secure application, reviewed many times. And there are crytpos that are there from 2013 and still quite popular, but they are not even close to Bitcoin. Bitcoin was not surpassed in more then 8 years. So in near future, I really really doubt it. In long term, maybe, but I wouldn't bet on it. Bitcoin is simply good enough and it would be a huge cost for people to change it.
I agree with your points. What I understand from your thoughts are that they are practically monopolizing the industry right now. The thing is that it is technology at the end of the day and can be replicated in terms of availability, security etc. Classic case being Iphone. Now Nokia was well established as the leader till Iphone came alive in 2007. It helped that it came from a successful family and the quality ofcourse.
So maybe it may take someone from a different field which has good background to get into cryptocurrencies and grab that share currently enjoyed by Bitcoin.
They're boosting bitcoin unlike when people think that they are rivals of bitcoin, if altcoins never existed bitcoin couldn't be here today as it is now. imagine this, if you mine altcoins and there is no bitcoin to sell them to what happens?
I wouldn't say other cryptos have an equal opportunity. Bitcoin is the first, the most accepted, most popular, most secure, most computationally and financially invested, most recognized blockchain. There is not that much space for the second. The idea of currency is that it is accepted by as many people possible and Bitcoin is it right now. It is very hard to take that and there is no real reason for people to switch. It is a simple and secure application, reviewed many times. And there are crytpos that are there from 2013 and still quite popular, but they are not even close to Bitcoin. Bitcoin was not surpassed in more then 8 years. So in near future, I really really doubt it. In long term, maybe, but I wouldn't bet on it. Bitcoin is simply good enough and it would be a huge cost for people to change it.
There is only a small chance of any altcoin overtaking Bitcoin in terms of user acceptance and market capitalization. And if that happens sometime in the future, then the chances are highest for Bitcoin Cash. My second preference would be Litecoin. The other alts have zero chance of overtaking BTC.
Yes why not ! When you see the Bitcoin and its great evolution during these two years. You will realise that everything is possible nowadays.
Hey everybody. I see that this forum has a lot of people talking about the strengths about bitcoin. For eg there are posts which say value of 1BTC to reach $500K or 1BTC = Lamborghini and even one which debated whether one can forego their jobs over Bitcoin.
It makes me wonder whether there are any cryptocurrencies which will overtake bitcoin in the near future. I mean BTC got to where it is because it was first in the market. But now with increasing awareness there's equal oppportunity for other such currencies to make it as big.
My question to you all which will later be converted into a poll:
Is there any cryptocurrency which can beat Bitcoin in sheer value (in $)?
It makes me wonder whether there are any cryptocurrencies which will overtake bitcoin in the near future. I mean BTC got to where it is because it was first in the market. But now with increasing awareness there's equal oppportunity for other such currencies to make it as big.
My question to you all which will later be converted into a poll:
Is there any cryptocurrency which can beat Bitcoin in sheer value (in $)?
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