Dethrone Bitcoin? Nope not now! - page 2.

peter0425

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Quote from: jademaxsuy on June 19, 2018, 09:29:46 AM

Bitcoin is still the king of cryptocurrency and the rest are just alternative coins. All the profits of this altcoins are just the faucet for the bitcoin to go strong. I do not really know what is the scheme for bitcoin and other altcoins but i bet that these altcoins are basing bitcoin market price movement. And that is why bitcoin could never be dethrone by other crypto but altcoins could achieve what bitcoin has achieve and i am seeing ethereum has a lot of potentials but it cannot dethrone bitcoin for now.

1. Ethereum (ETH) tried it last year around June. So called Flippening. - FAILED
2. Bitcoin Cash (BCH)last November 2017, touted as the "real Bitcoin" - FAILED
3. Ripple (XRP) - February or March this year, too decentralized - FAILED

It there's some coins that will topple bitcoin, its not yet created. Bitcoin has already gained the trust of the investors and no amount of FUD and fake news coming from different sectors or coins will simple stop Bitcoin. And I agree with @Pursuer, the only possible way to take the crown from bitcoin is that a coin that will have a real usage, but so far we haven't seen any, but shitcoins after shitcoins whose purpose is for pump-and-dump scheme.

Pursuer

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in order to "dethrone" bitcoin you need to create something that is better than bitcoin when it comes to usage and then get it adopted by people so that it can actually be used in the real world instead of just being on exchanges and being traded for profit.

so far not only we don't have any adoption of altcoins but also majority of them are a lot worse than anything that can even start to compete with bitcoin which is why it will not happen for a very long time.

enthusia

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I concur with that. Bitcoin already took so far as good as it was from the time it was created. Altcoins for some reason perhaps never been here to compete with bitcoin, they're working as one wherein its just between the two that makes the industry of cryptocurrency works.

nonconformist

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Bitcoin actually already won because we have the term Altcoins. And yes definitely Bitcoin will not be dethroned in a verrrrryyyy long time because there are so much infrastructures that are developed for the bitcoin ecosystem. Bitcoin is miles and miles away vs it's competitors.

Cult

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Quote from: hometester on July 21, 2018, 03:42:47 AM

if all other coins are exchanged via bitcoin, then how can bitcoin get away? I think no

USDT and ETH pairs are also pretty common nowadays. I would ay USDT rate matters no less than BTC for any altcoin or token.

hometester

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if all other coins are exchanged via bitcoin, then how can bitcoin get away? I think no

Bellator

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Quote from: jademaxsuy on June 19, 2018, 09:29:46 AM

Bitcoin is still the king of cryptocurrency and the rest are just alternative coins. All the profits of this altcoins are just the faucet for the bitcoin to go strong. I do not really know what is the scheme for bitcoin and other altcoins but i bet that these altcoins are basing bitcoin market price movement. And that is why bitcoin could never be dethrone by other crypto but altcoins could achieve what bitcoin has achieve and i am seeing ethereum has a lot of potentials but it cannot dethrone bitcoin for now.

Altcoins is never powerful than bitcoin and i think they are not created to dethroned bitcoin but just proves that bitcoins concepts has evolve the world of technology and people started to used different kind of platforms and its usage with the use in a form of cryptocurrencies.

Kakmakr

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Alt coins is actually good for Bitcoin. Yes, I am not stoned or drunk.. let me explain. Most Alt coin investment eventually end up being converted to Bitcoin or to Fiat, because that is the only medium of exchange that are widely accepted. People use these Alt coins for speculation and for pump n dump schemes and when they want to spend it, they have to convert it back to Bitcoin or Fiat.

So, Bitcoin eventually benefit from all these Alt coins.

This is also not the only advantage of Alt coins. Some Alt coins is the breeding area for innovation and these features can be incorporated into Bitcoin, once they are tested on these Alt coins. Grin

Louvre

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Bitcoin is unbeatable for life is what I believe.

jademacoy

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It is not possible that bitcoin will be dethrone because bitcoin is the only dominant and one thing also that bitcoin has no competition therefore it will not dethrone. However, if there are crypto that are willing to separate the system of bitcoin and will become independent that would be the time that there is a possibility that bitcoin will be dethrone.

Kwansimaa

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oh yeahh bitcoin can never be dethrone by any altcoin not even ethereum. I do get the point that Ethereum is really doing great but trust me bitcoin is really going to surprise us all by the end of this year. In fact from what some crypto analysts are saying bitcoin can reach way above $1500 by the end of this year though its price is currently low.

elygil2022

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Not now, not ever. Bitcoin will always be the king of cryptocurrency, the Aplha Coin. People should know that by now. Cheesy

Lancusters

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This will not happen because bitcoin is the main crypto and all others are just altcoins to bitcoin. Yeah the market price for altcoins will going to move if there are also movement for bitcoin market price. So investors should look upon on bitcoin and not on altcoins. And it is better to hold bitcoins that holdings altcoins.

I don't think that's going to happen for another reason. The cryptocurrency market is very balanced. If altcoins exist then this is a necessity and is supported by demand. It is impossible to violate the laws of the economy with impunity. Bitcoin's image is high because it was the first. But altcoins have their benefits and therefore will always have bitcoin.

Dudeperfect

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It is true that Bitcoin has gained momentum and growth over the years due to the first mover advantage. However, there are some other factors which make Bitcoin great. Any other coin might replace Bitcoin if it comes up with an equivalent or more user base, trade volume, utility value and growth rate. However, at this stage, I don't see any other coin having that potential to replace Bitcoin at least in near future.

indayburakday012

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I wish that people will be able to realize how important to have bitcoin and should dump it for altcoins. As we all know that bitcoin is the main crypto the dominant which is being stated in the thread and i strongly agree with it. As one day those altcoins investments will go back again to bitcoin to exchange it and gain more bitcoins as their altcoins goes strong and to be exchange and gain more bitcoins.

burakdat

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I do believe this so because there is only one dominant crypto in the market and that crypto has the huge market price value compared to other altcoins crypto. This is why bitcoin could not be dethrone exactly what you said is right. Those crypto are just altcoins for bitcoin to grow and get stronger. There is no way that these altcoins could surpass bitcoin.

Indamuck

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Quote from: BrewMaster on June 19, 2018, 09:41:52 AM

altcoins have never been created to compete with bitcoin. they were created to help you earn more bitcoin! that is why they suck so hard even the biggest one ethereum is filled with problems which is why it is always going to be used as a pump and dump coin like the other 1600+ coins to earn more bitcoin profit.

Most altcoins are like this but some serve a very real purpose. If you've visited the dark web recently you will see that most merchants only take Monero now. It's too easy to track bitcoin transactions so privacy coins do serve a very real purpose.

CarnagexD

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Quote from: BrewMaster on July 17, 2018, 08:47:12 AM

Quote from: Rexat on July 17, 2018, 07:13:12 AM

I predict that Ethereum will never compete with bitcoin, now it's very popular, but the price is in that range alone, and never reaches up to at least 35% of the bitcoin price.

the argument here has nothing to do with the price. otherwise there actually are altcoins that are worth more than bitcoin, in fact they worth A LOT more than bitcoin. for instance google 42coin or simply go to coinmarketcap.com and visit the "all coins" section and sort it by price.

it is always about adoption and having a real price. otherwise a pumped up or a fake price isn't competing with bitcoin!

Your topic question as posted was about being Dethrone, Bitcoin is never crowned as the King of all crypto but instead it is the most stable, stronger, with good fundamentals, with good support system on the market, with high level of confidence by the investors. Bitcoin is number one among the ALT coin in the market.

BrewMaster

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Quote from: Rexat on July 17, 2018, 07:13:12 AM

I predict that Ethereum will never compete with bitcoin, now it's very popular, but the price is in that range alone, and never reaches up to at least 35% of the bitcoin price.

the argument here has nothing to do with the price. otherwise there actually are altcoins that are worth more than bitcoin, in fact they worth A LOT more than bitcoin. for instance google 42coin or simply go to coinmarketcap.com and visit the "all coins" section and sort it by price.

it is always about adoption and having a real price. otherwise a pumped up or a fake price isn't competing with bitcoin!

Ava Duvall

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Quote from: Red-Apple on July 17, 2018, 05:43:43 AM

the altcoin bag holders will never accept that. they want to believe that their coin can grow as much as bitcoin did but they close their eyes over everything else that led to that bitcoin price rise. important matters such as having real usage in the real world as a real currency. or having a high security, being decentralized and a hundreds other reasons.

Exactly, many think they can beat bitcoin like its nothing, and dont see what actually went into the process,

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