The superiority of Bitcoin | Bitcointalksearch.org

Kiweikoo

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Quote from: Chikitita2004 on July 21, 2017, 04:33:57 PM

Quote from: Taras on July 21, 2017, 04:03:45 PM

There are alternatives to bitcoin, and some of them are very big, like Ethereum or Litecoin. However, no such alternative has matched the value of bitcoin, in terms of market cap. Bitcoin shares much less of the total cryptocurrency cap now than it did a while ago, but I do not think it will be overtaken for some time, if ever.

You mean in status and demands, still bitcoin is ranking number 1 even though ETH and litecoins tried to surpass bitcoin?

Yes it is number one in whole markets even market is once again surprised after watching the value of bitcoin in high rate. So yes it is still the number 1 currency as you said. Nobody can take over on bitcoin because it has value more than everyone. While ETH and litecoin is baby in front of bitcoin so we should not consider that as a good currency toward bitcoin.

SHANTA

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Bitcoin is the pioneer & Main currency of digital forms of money, the market estimation of any cash relies on its use in the market. Toward the starting when there wasn't some other digital currency

jerk10

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Quote from: Chikitita2004 on July 21, 2017, 04:01:19 PM

Hey folks! I just wonder, what is with Bitcoin that until now it is still in it's peak and still unbeatable. Has not any one ever invented a new/other currency that matches the value of bitcoin? And if there would be What should it take for a new currency for instance to match the value level of bitcoin? Has anyone here ever thought that a new currency more superior than bitcoin could come out one day and bitcoin value would decrease or fall?

Ethereum might overtake bitcoin someday but that time is not any time soon in the future.

sandeepkharche

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Quote from: Chikitita2004 on July 21, 2017, 04:01:19 PM

Hey folks! I just wonder, what is with Bitcoin that until now it is still in it's peak and still unbeatable. Has not any one ever invented a new/other currency that matches the value of bitcoin? And if there would be What should it take for a new currency for instance to match the value level of bitcoin? Has anyone here ever thought that a new currency more superior than bitcoin could come out one day and bitcoin value would decrease or fall?

Bitcoin is only the most popular of the cryptocurrencies. In terms of utility there are much better cryptocurrencies. There are so, so many digital coins which are undervalued-- IOTA, Golem,Eos, etc.

Bhinodm

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Quote from: Chikitita2004 on July 21, 2017, 04:01:19 PM

Hey folks! I just wonder, what is with Bitcoin that until now it is still in it's peak and still unbeatable. Has not any one ever invented a new/other currency that matches the value of bitcoin? And if there would be What should it take for a new currency for instance to match the value level of bitcoin? Has anyone here ever thought that a new currency more superior than bitcoin could come out one day and bitcoin value would decrease or fall?

Bitcoin is superior only because its the oldest. There are several promising altcoins which are growing. I personally am a fan of Ethereum.

tulikak

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Quote from: Chikitita2004 on July 21, 2017, 04:01:19 PM

Hey folks! I just wonder, what is with Bitcoin that until now it is still in it's peak and still unbeatable. Has not any one ever invented a new/other currency that matches the value of bitcoin? And if there would be What should it take for a new currency for instance to match the value level of bitcoin? Has anyone here ever thought that a new currency more superior than bitcoin could come out one day and bitcoin value would decrease or fall?

Bitcoin has the largest market cap and its going to be really really difficult for any cryptocurrency to become that big anytime soon.

Blessed7

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Quote from: Chikitita2004 on July 21, 2017, 04:01:19 PM

Hey folks! I just wonder, what is with Bitcoin that until now it is still in it's peak and still unbeatable. Has not any one ever invented a new/other currency that matches the value of bitcoin? And if there would be What should it take for a new currency for instance to match the value level of bitcoin? Has anyone here ever thought that a new currency more superior than bitcoin could come out one day and bitcoin value would decrease or fall?

Etherum, Litecoin are there but there's no beating Bitcoin. Its the original cryptocurrency afterall.

deisik

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Quote from: hangar18 on July 28, 2017, 11:51:56 PM

Quote from: SvenBomvolen on July 28, 2017, 11:44:49 PM

You forgot that crypto-currencies didn't appear all at once. Bitcoin was the first in 2008 year and other crypto is a clear commercial project based on bitcoin with the main target to make it's creator rich. For example second currency that costs a lot is Etherum which appeared only in 2014 year.
Bitcoin's value is limited by 21 milions and day by day this number get shorter, because of many bitcoin stay forgotten and simply lost from different factors. People want to own bitcoin due to it's big price and the demand is growing like a crazy. I doubt that any other crypto will be able to reach such results soon and replace bitcoin but I don't want to refuse this idea totally.

So, if in future have more people want buy Bitcoin, but the coin supply can't provide more than 1 billion user (example), need have an altcoin replace it, and in current we see Ethereum is best choice after Bitcoin

Ethereum is not even a currency in its own right

On the other hand, I basically agree that firmly capping the number of coins to enter circulation is not a good idea if we actually intend to use it as a means of payment (i.e. as a currency). It is now clear that the monetary supply (i.e. the amount of coins in active circulation) should be flexible and depend on the needs of the economy. That is, when the economy expands more coins are required. Conversely, if the economy shrinks, the monetary supply should deflate accordingly. No preset algo can do this automatically. Credit money shines in this department and has no rival (whether anyone likes it or not)

joshy23

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Bitcoin superiority will be proven once again after this drama is over. Because the price can really soar after Aug 1. It seems that people are really optimistic about it and I think this is the consensus here in our forum.

Quote from: Ewox on July 28, 2017, 11:59:11 PM

I think one of the reasons why altcoins was created was because they wanted to copy the same idea they had with bitcoin and probably some are trying to see if their coin can overcome the power of bitcoin, I mean they were not created at the same time with bitcoin and as you can see up until now they are creating more new coins and tokens.

The cycle is always like this not only in bitcoin but other industries as well. When your product in on top. Companies will always find a way to challenge and put you down. Just like bitcoin, altcoins put up a challenge but unfortunately, they will not succeed.

Ewox

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I think one of the reasons why altcoins was created was because they wanted to copy the same idea they had with bitcoin and probably some are trying to see if their coin can overcome the power of bitcoin, I mean they were not created at the same time with bitcoin and as you can see up until now they are creating more new coins and tokens.

hangar18

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Quote from: SvenBomvolen on July 28, 2017, 11:44:49 PM

You forgot that crypto-currencies didn't appear all at once. Bitcoin was the first in 2008 year and other crypto is a clear commercial project based on bitcoin with the main target to make it's creator rich. For example second currency that costs a lot is Etherum which appeared only in 2014 year.
Bitcoin's value is limited by 21 milions and day by day this number get shorter, because of many bitcoin stay forgotten and simply lost from different factors. People want to own bitcoin due to it's big price and the demand is growing like a crazy. I doubt that any other crypto will be able to reach such results soon and replace bitcoin but I don't want to refuse this idea totally.

So, if in future have more people want buy Bitcoin, but the coin supply can't provide more than 1 billion user (example), need have an altcoin replace it, and in current we see Ethereum is best choice after Bitcoin

SvenBomvolen

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You forgot that crypto-currencies didn't appear all at once. Bitcoin was the first in 2008 year and other crypto is a clear commercial project based on bitcoin with the main target to make it's creator rich. For example second currency that costs a lot is Etherum which appeared only in 2014 year.
Bitcoin's value is limited by 21 milions and day by day this number get shorter, because of many bitcoin stay forgotten and simply lost from different factors. People want to own bitcoin due to it's big price and the demand is growing like a crazy. I doubt that any other crypto will be able to reach such results soon and replace bitcoin but I don't want to refuse this idea totally.

smileee

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Quote from: Chikitita2004 on July 21, 2017, 04:01:19 PM

Hey folks! I just wonder, what is with Bitcoin that until now it is still in it's peak and still unbeatable. Has not any one ever invented a new/other currency that matches the value of bitcoin? And if there would be What should it take for a new currency for instance to match the value level of bitcoin? Has anyone here ever thought that a new currency more superior than bitcoin could come out one day and bitcoin value would decrease or fall?

The superiority of Bitcoin is the freedom to trade the world and privacy. Thanks to bitcoin, we do not need to pass bank when dealing.

zekeshawn

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Because if it wasn't because of bitcoin then all of these cryptocurrencies won't be around too. No one can surpass bitcoin's success even if there will be a good altcoin bitcoin will remain number one now and in the future.

deisik

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Quote from: Chikitita2004 on July 21, 2017, 04:01:19 PM

Hey folks! I just wonder, what is with Bitcoin that until now it is still in it's peak and still unbeatable. Has not any one ever invented a new/other currency that matches the value of bitcoin? And if there would be What should it take for a new currency for instance to match the value level of bitcoin? Has anyone here ever thought that a new currency more superior than bitcoin could come out one day and bitcoin value would decrease or fall?

There is an easy explanation why Bitcoin is still at the top

Obviously, Bitcoin is at the top not because of its technical superiority since there is none. Even Litecoin which for so many years had been no more than a Bitcoin copycat is now superior to Bitcoin on purely technical ground. Bitcoin is just good enough to enjoy being the first mover for so long. But it doesn't of course mean that it is set to remain the top currency for good. Its popularity and success basically comes down to two simple things. First, it shows more profitability over long terms in comparison with all other cryptocoins out there. And, second, even when it goes down, it doesn't go down as much as other coins. In a nutshell, if some coin is able to show higher profitability over longer terms, it will eventually replace Bitcoin

nejibens

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I think ETH, LTC and DASH have great value and expected to be more valuable soon, but i believe Bitcoin will still as first crypto currency because its having till now the biggest community dealing with it, and also its price is rising fast.

lucifochrome

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There are other crypto currencies but bitcoin remains at the top simply because it was the first. So many people already started with bitcoin and they're continually using it. Plus the price of bitcoin is higher than the other currencies.

ivrynx

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bitcoin is superior, considering the number of people that are using it and its value, all cryptocurrencies can also be converted to bitcoin making it more flexible and bitcoin as well can be exchange to fiat money. i think bitcoin is like the dollar, that everyone uses for exchange, however bitcoins online transactions are much faster than that of fiat,since there are a lot of parties that wants to get hold of your money, for bitcoin, its a party system, you give me bitcoin or i'll give you bitcoin, no need for other persons to be involved.

jtipt

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Quote from: Chikitita2004 on July 21, 2017, 04:01:19 PM

Hey folks! I just wonder, what is with Bitcoin that until now it is still in it's peak and still unbeatable. Has not any one ever invented a new/other currency that matches the value of bitcoin? And if there would be What should it take for a new currency for instance to match the value level of bitcoin? Has anyone here ever thought that a new currency more superior than bitcoin could come out one day and bitcoin value would decrease or fall?

Bitcoin is superior in price only because its the first cryptocurrency that was created, so people trust it and invest in it more and thus it's more popular. Technology wise BTC is not superior, not anymore, ETH and several other coins have better technology but not enough popularity like BTC to succeed

malikusama

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Because bitcoin is the pioneer of cryptocurrencies, market value of any currency depends upon its usage in the market. At the beginning when there wasn't any other cryptocurrency, bitcoin was present and have users which kept on increasing with time.

Topic: The superiority of Bitcoin (Read 2002 times)