Topic: Phenomenal Bitcoin In The Current Generation (Read 218 times)

I do not see the possibility of other coins overtaking bitcoin even in the next ten years. First of all there are still lot of people that are still getting to know bitcoin, and everyday more and more people are learning about Bitcoin. Another thing is that when people ask about cryptocurrency the first thing they get to learn is Bitcoin and not even altcoins; they first of all know about Bitcoin before they will start learning about altcoins like Ethereum, Doge, Tron and the rest.

So, this means that there is more possibility of new investors buying Bitcoin than altcoins, the market cap even shows that s bitcoin takes more of the general market cap than every altcoins in the market combined.

This is the current generation where bitcoin starts it from bottom to top as a cryptocurrency most famous coin. Even after a decade bitcoin shows good performance in the crypto market and becomes the center of all coins in crypto world and several says that bitcoin fluctuates most of the coin because whenever it drops, several of coins in the market also drops, same if it goes up.

And more than two months after the OP open this thread, bitcoin hits another all time high, twice in year. And that is the advantage of being the prime mover in crypto, you gain a lot of support and consensus and in the last 10 years continue to soar and make people rich.

Those coins that appears 5-6 years are either dead by now, because devs didn't obviously improved and make iterations of their coins. But there are coins that survived, some are in the top 10, but majority have been relegated down the list.

The emergence of many coins and tokens at this time is indeed very much emerging and it will have no effect on Bitcoin. It is they who will have an effect on Bitcoin. Of course Bitcoin is capable and Bitcoin's ability to maintain its position we don't need to doubt, as well as Bitcoin transactions in the market, almost all eyes are on Bitcoin when the market goes up and the market goes down.

What small chance do you mean, my friend?
The Bitcoin hype is currently being discussed, this could be the last chance for Bitcoin to survive in crypto. There are also some who say, when Bitcoin has reached its peak level, Bitcoin will end. That means, there is no guarantee for the next 5 or 6 years.

Well certainly because many Gen Zs and millenials already have awaken to see these technologies when they were born. Back then, it was kind less techy yet that is why the so called "boomers" aren't really used to Bitcoin and they won't invest to it although I see a lot of popular people that are really old still invest to Bitcoin just because they have the background to stock market/trading.

Bitcoin will continue its marching toward big value and mainstream adoption regardless of how many new coins or tokens will be introduced and also regardless of whatever the level of innovation those coins to be having. In next 5 to 6 years, we can see bitcoin to test one million dollar levels at least and almost all the businesses and service providers are accepting bitcoin as one of payment options. Overall, I mean bitcoin will maintain its position and moreover it will intensify than what we have today.

Governments may start legalizing bitcoin or may declare neutral to bitcoin for whatever reasons which could be gateway point for another round of revolution of bitcoin which I guess that more easily possible.

It's the most searched coin because when someone says crypto currencies, the first thing that comes to their mind is bitcoin. This is because bitcoin is the first crypto currency that was invented. People hear more about bitcoin on the news than any other coins. They have heard how bitcoin is giving people good profit in the long run. Literally, if they hear any discussions about crypto currencies, they will hear about bitcoin. Hence they start googling to know more. They become curious and start investing. While some keeps on holding, others lose patience and leave. If bitcoin remains the same as it is and no other solution has been formed to counter the scalability and network fee issues, then highly likely after 5 or 6 years, people will still be using it as a store of value.

I've heard this in the product world that has nothing to do with bitcoin. It reads like this "The first product that comes out will be very difficult to replace by another product". The first product is more likely to be believed to have good quality by users, is it possible that we can interpret bitcoin like that.

For almost all the reasons people give, there is not a single one that we can believe that altcoins can replace bitcoin itself, but I believe in the crypto world nothing is impossible.

Yes, that's right, this speculation is very unlikely for now and the next 3 years, considering that there are many altcoins that have appeared, none of them are close to their current dominance, let alone the current condition of bitcoin is the only one that has a good selling value in the market.

Precisely at this time there is no single fact that we can believe, that altcoins can replace bitcoin, with various facts put forward by people, even speculation that people convey almost does not qualify that altcoins can replace bitcoin.

Tbh, I'm not worried about the condition or state of Bitcoin in the future, even if I'm to be, it would be on the basis of regulations and government trying to issuing sanctions to hinder the development of Bitcoin and not even cause of more and more altcoins that are being created, Altcoins have been created in large numbers for quite a long time now, and they are basically just all alternatives, and not threats.

The thing is that Bitcoin is a long term project and many altcoins are not, they are more or less pump and dump and shit coins, thus there is no way they can challenge the position of Bitcoin on the network, buying Bitcoin would always be the better choice and more valuable than any altcoins, it actually has a use case which many altcoins do not have, if you're planning on investing in crypto, Bitcoin should be your top priority, then or altcoins, eth is a pretty good alternative.
Pls stop replying to posts individually, and making multiple posts in a row, you can answer to them all in single reply of yours, replying this way is pretty bad for your readers and the sight of the thread in general.

I totally agree with what you are saying, but in the world of cryptocurrency nothing is impossible, that anyone can take your place, moreover this condition can be exploited by bitcoin's opponents, but for the next 2 or 3 years I agree with you, that bitcoin is very difficult to replace .

I think the level of security of decentralized cryptocurrencies is the same as bitcoin, considering that every risk that occurs starts based on what we are doing today, we can maximize that risk by using a certain pattern, meaning that there is no form of investment that does not involve risk.

But for now I think the opportunity is very small, considering the condition of bitcoin is very stable in the market, moreover the condition of other coins has an effect on the bitcoin itself, again as you said, the opportunity will still exist for anyone in the cryptocurrency world.

This is just a form of thinking where the times are starting to change towards anything, the investment pattern opens the widest possible space for anyone who wants to invest, but there are other obstacles in terms of the development of this era.

Call it the previous generation who can't operate a computer or laptop, this actually hinders the current investment pattern with their thinking, even though investment now tends to be easier and doesn't take people long, just monitor through the hanphoen network that we are currently using.

This is a problem for generations under Z and millennials, they cannot use internet media through computers or laptops, so this investment model is not suitable for them, but I think this can be overcome, if the generation is willing to learn to use computers.

Basically computers are not that difficult to learn, just learning to open and learn investment systems, the problem is that this generation does not want to learn, even though investing using current patterns is actually easier and not so difficult.

Bitcoin is known as the first crypto and as the currency with the biggest market cap. Even those who don’t work in the crypto market know about Bitcoin and bitcoin pizza day, probably. I don’t think that any altcoins are likely to replace Bitcoin.
But on the other hand, considering its stagnation, everything is possible. Altcoins are faster and cheaper today. But they are less safe as well.

Every coin has an effect on Bitcoin. For the next 5 or 6 years, not just new coins, Bitcoin itself will not necessarily survive. As many have said that anything can happen in cryptocurrencies.

the number of altcoins that continues to grow every day will never replace the popularity of bitcoin until whenever. there are many that are faster, easier and cheaper than bitcoin but none have really come close to its dominance to date in the market, isn't this fact enough that bitcoin will never be replaced for crypto users.

Will go for a cryptocurrency that is more decentralized and safer than Bitcoin. And I will certainly pay attention to the kind of developers that handle the cryptocurrency. It's actually a really bad idea to use a less decentralized cryptocurrency if you understand what is coming. Better to just stick to fiat currency.
So, consider the ideals(like decentralization, transparency, immutablity censorship resistant, etc) first before investing. Always remember the purpose of cryptocurrency or atleast know why Bitcoin was created by satoshi, so you don't take big risk in Crypto space

The development of the times makes people have to follow new patterns, this is in line with the investment conditions you are discussing, investing basically only uses paper money or buying and selling stocks, but currently investing is undergoing a change from the previous style. What you analyze in this post is actually more relative and balanced with current events.

Investment now uses the pattern of buying and selling coins, meaning that this form of investment does not only use the previous two methods, now all applications have used related investment services, as we often find on various platforms, this actually opens up good opportunities for people to invest.

The speculation that people are starting to do now is investment, where we used to know investment patterns using paper money or in assets that we can see. However, the influence of the times has forced people to switch investment patterns.

Today, even 10 years ago people started using a new investment pattern, where we often mention trading or buying and selling coins. In a general perspective, it is more likely that the people who make these investments are Generation Z or Millennials.

Because the previous generation did not really understand the development of the current era. If there is, then only a part of that generation knows how to do it.

In recent years, bitcoin is most often talked about by people, even if we search on the geoggle engine, the name bitcoin is the most people search for, even though there are many other coins available today.

The bitcoin phenomenon is starting to spread to conversations everywhere, so that currently many people are studying investment systems, this is a step forward for generation Z or millennials, bitcoin itself has proven, that they are the best coins today, so their position is quite difficult to shift.

But what about the condition of bitcoin in 5 or 6 years, considering that there are so many coins that are starting to appear, are they able to maintain their position and so is the value of buying/selling bitcoin?

"Interesting for us to discuss this".