⚫ Hmm, First of all, buddy this is a fact that currently, Bitcoin is not regulated so we don't consider it in our day-to-day trading activities but the sole motive for the BITCOIN development was to present a solution for global currencies in cross-border transaction and day to day usage. Bitcoin is considered a store of money or simply you can call it digital gold but that is its side merit, it was not the actual mission.
⚫ For the ADA I am not sure whether it will be the D-apps market king or not because ETH is already dominating the market and there are other major challenges for ADA in this domain. I was very hopeful for the ADA to be the next defi king but it didn't happen,. a few of their own mishandlings
Topic: Which cryptocurrency comes close to bitcoin? - page 4. (Read 623 times)
Where could I store my assets in an emergency if there are no more bitcoins?
Before thinking about plan B, I think you should focus more on Plan A which is buying more bitcoins now while you can. Bitcoin will always be in circulation because in the future, more people will be using bitcoin as a payment option.
The OP thinks if Bitcoin cease to exist that other alternative cryptocurency will continue to exist. Without Bitcoin there'll be no cryptocurency market as everyone would had lost trust in the market. Bitcoin is the reason why the market is still functioning and very popular.
Other projects look up to becoming as successful as Bitcoin has become so if Bitcoin cease to exist, you might as well take your money out of the cryptocurency market as it will collapse heavily as tokens will be dumped. If there's an emergency store your more in stocks.
I don't think any other cryptocurency comes close to Bitcoin. It's Bitcoin or nothing else. Other altcoins can be easily manipulated and if anything was to happen to Bitcoin, whales will take that opportunity to manipulate the market and buying other coins put you at risk.
That doesn't make any sense. What do you exactly mean by "No more bitcoins"? because there will always be available bitcoin in the market. A world with zero BTC sellers is nonexistent.
You are absolutely correct that there will be always Bitcoin available in the market as long as new bitcoin are being mined and miners continue sell them in the market. Miner receive Bitcoin as reward for their mining efforts and they will continue receiving it until 21 Million Bitcoins are mined. However, It is possible that there could be scarcity of Bitcoin in the market as the reward decreases overtime , potentially driving its price up. Despite this, there will be always individuals willing to sell their Bitcoins and book their profit, as long as there is demand for Bitcoins. Buying and selling activity is basic function of all type of markets including Bitcoin market . This activity will undoubtedly continue in the future, as well.
By the way, if OP is looking for a decentralized and secure cryptocurrency like bitcoin, you will be disappointed because there is no coin like bitcoin. All are centralized, including ETH or ADA you are referring to.
Bitcoin:
Bitcoin is not a currency that we will use for everyday, it is more like gold that will be used to store our wealth.
I don't think we're going to see much bitcoin in the future because big money managers and governments are going to grab bitcoin.
The BRICS currency is coming soon and it will be backed by commodities.
Cardano:
They are working on one of the most secure blockchains.
Cardano’s Proof of Stake also works a little differently than Ethereum’s.
Hoskinson says Cardano will be 100x more decentralized than Bitcoin.
Did you mean BRICS currency is actually a currency? you've said this currency is backed with commodities, commodities price is unstable, this mean there's a volatility. If the BRICS currency is stable, it's not 100% backed with the real commodities.Bitcoin is not a currency that we will use for everyday, it is more like gold that will be used to store our wealth.
I don't think we're going to see much bitcoin in the future because big money managers and governments are going to grab bitcoin.
The BRICS currency is coming soon and it will be backed by commodities.
Cardano:
They are working on one of the most secure blockchains.
Cardano’s Proof of Stake also works a little differently than Ethereum’s.
Hoskinson says Cardano will be 100x more decentralized than Bitcoin.
If Cardano use proof of stake, it's mean Cardano is less decentralized than Bitcoin. So you're trust in Hoskinson's words? there's no way to verify human words. There's no way to verify Cardano chain is the most secure.
with no more bitcoin i mean:
When there are no more bitcoins to buy because big companies like blackrock and governments will buy and hold everything away to back their ETF and fiat.
When there are no more bitcoins to buy because big companies like blackrock and governments will buy and hold everything away to back their ETF and fiat.
This is not possible. No big companies is capable of buying and holding the entire bitcoin. Bitcoin will be available for transactions as long as you have money. If you are thinking of where your investments would be safe then do not think apart from bitcoin. As the bitcoin leads, all other alt coins come close because they have similar potential with some better than other. It's now your responsibility to study them and choose the one you want to invest in.
This is your opportunity to buy, don't wait till there's no more bitcoin despite such thing will not happen. It is also not too bad to invest in some alt coins that seems to be doing good for short profit and of course with full responsibility of bearing the risk if it backfired.
Before Ethereum and the other existing cryptocurrencies appeared, bitcoin had already originated, so the competition and the desire to surpass it and obtain the crown becomes a very close situation. Bitcoin has come to conquer hectares of land in practically the whole world in a fairly short time, since it was in 2009 that this asset appeared for the first time as an alternative to carry out transactions in a different way from the traditional way and thus free people from the limits and control of their assets, a quality that little by little was considered attractive by users, gradually gaining popularity, and not only that, but the increase in its value also caught the attention of people ... it is surprising that despite its volatility it is There it has managed to be worth so much, we have only been 14 years since its inauguration and even so it reaches considerably high values, that's why I think that even if the other altcoins try to both improve and reach the same dominance that bitcoin has achieved, it will not be enough, so the possibility that they can even level seems practically impossible to me.
I just want to find a secure and decentralized alternative to bitcoin
Which blockchain could become just as decentralized as Bitcoin?
Where could I store my assets in an emergency if there are no more bitcoins?
Bitcoin:
Bitcoin is not a currency that we will use for everyday, it is more like gold that will be used to store our wealth.
I don't think we're going to see much bitcoin in the future because big money managers and governments are going to grab bitcoin.
The BRICS currency is coming soon and it will be backed by commodities.
The most valuable commodity that can save the dollar is Bitcoin.
With the Spot ETF, large asset managers such as Blackrock or Fidelity will grab a lot of Bitcoins.
What is left for us then?
Exactly as good as nothing!
Which blockchain could become just as decentralized as Bitcoin?
Where could I store my assets in an emergency if there are no more bitcoins?
Bitcoin:
Bitcoin is not a currency that we will use for everyday, it is more like gold that will be used to store our wealth.
I don't think we're going to see much bitcoin in the future because big money managers and governments are going to grab bitcoin.
The BRICS currency is coming soon and it will be backed by commodities.
The most valuable commodity that can save the dollar is Bitcoin.
With the Spot ETF, large asset managers such as Blackrock or Fidelity will grab a lot of Bitcoins.
What is left for us then?
Exactly as good as nothing!
Yes, big money managers and governments would probably try to get their hands on as much bitcoins as they can. Who wouldn’t? They all know the great potential bitcoin commands now and later on in the future. The rush on their part in acquiring and holding bitcoin should send a clear and concise message to us regular folks who aren’t big money managers. Buy and hold bitcoin whenever you can.
We’ll definitely see bitcoins in the far future. It would be more scarce than it already is, thus increasing considerably in its value as the demand steadily increases.
While I think we’re most likely still going to see bitcoin and its use in the future, I think we’re going to see a whole lot of central banks of various countries issuing their own digital currencies. I think people would be more inclined or left without much of a choice than to use these digital currencies issued by the government. The beginning of the end of the paper money era is in sight.
What’s left for us then? The best option is to now prepare yourself for what is to come so you wouldn’t be looking and asking this same question then.
I see people saying that nothing else comes close to Bitcoin and I don’t really believe that is true. I believe there are many superior coins out there that do a better job than Bitcoin. However, what makes Bitcoin special is the original distribution being more fair than anything else ever can be, as well as the mining network securing it being extremely powerful.
If you were looking for the closest thing to Bitcoin though, I would point to Namecoin.
If you were looking for the closest thing to Bitcoin though, I would point to Namecoin.
You may be right to some extent, but still I would disagree with you. Bitcoin is not going to be replaced by another crypto-currency and I truly believe that there isn't a crypto-currency that's truly as powerful as Bitcoin, I know that few of those crypto-currencies might have many features that Bitcoin lacks, but still Bitcoin is the king and none of those currencies would be able to dethrone the king. The Bitcoin is the real initiator of all those projects, and they still depend on the value of Bitcoin because if Bitcoin losses value then all of those will lose value within minutes.
I would stick with my statement because there isn't a crypto-currency as famous as Bitcoin, and the userbase as well as the community of Bitcoin is doing very well for its success. The other coins don't have a such huge community as Bitcoin, and even if few of them are famous but still they lack decentralization and fair distribution. I have never heard of Namecoin before but that project seems a good one, however even that one won't be able to compete Bitcoin in any way.
I would say that nothing really comes close to Bitcoin when it comes to decentralization and security. Now, the second in line is, of course, Ethereum but this is considered to be less in terms of being decentralized though in terms of market share they are next in line. There are now many good alts that offer many good features and some are targetting specific niches of the crypto market - which is expanding globally. The market is very much exciting these days and I am sure that 2024 will be an explosive one most especially if Blackrock's ETF application is approved finally by SEC.
I just want to find a secure and decentralized alternative to bitcoin
Which blockchain could become just as decentralized as Bitcoin?
Where could I store my assets in an emergency if there are no more bitcoins?
The entire crypto market depends on bitcoin, if bitcoin goes away, I don't think this market will exist for us to play anymore. From what you say, it sounds like you are putting your entire fortune in bitcoin, and that is not a wise idea. Bitcoin is a decentralized asset but that does not mean it will be safe. You should diversify your assets into other non-crypto assets instead of just pouring all into crypto. Which blockchain could become just as decentralized as Bitcoin?
Where could I store my assets in an emergency if there are no more bitcoins?
By the way, there will be no altcoin that can be an alternative to bitcoin. Bitcoin remains unique in the market as it was not made to be the investment we see, so it will always be different from the rest.
That doesn't make any sense. What do you exactly mean by "No more bitcoins"? because there will always be available bitcoin in the market. A world with zero BTC sellers is nonexistent.
You are absolutely correct that there will be always Bitcoin available in the market as long as new bitcoin are being mined and miners continue sell them in the market. Miner receive Bitcoin as reward for their mining efforts and they will continue receiving it until 21 Million Bitcoins are mined. However, It is possible that there could be scarcity of Bitcoin in the market as the reward decreases overtime , potentially driving its price up. Despite this, there will be always individuals willing to sell their Bitcoins and book their profit, as long as there is demand for Bitcoins. Buying and selling activity is basic function of all type of markets including Bitcoin market . This activity will undoubtedly continue in the future, as well.
Over time the technology is getting advanced and the same makes the new ones into the market better than the already existing ones. This is the fact, but for some reason bitcoin to reach close to bitcoin is really tough and we can't say there are no one close to bitcoin. It is sure that more altcoins are highly progressive than bitcoin and profitability, but to identify and to be successful out of it is very difficult.
Speculating about this scenario now makes little sense, because there is currently enough Bitcoin to buy 
Exactly, there will always be enough Bitcoin for you to buy, no matter the situation of the market; an increase in demand won't result in an increase in price. There will always be Bitcoin available for trading on the exchanges, both CEX and Dex, so you shouldn't worry about that.
Even if you want to invest in altcoins, don't use "No Bitcoin" as an excuse because that's never going to happen. "Bitcoin" will always be there, with or without value.
I just want to find a secure and decentralized alternative to bitcoin
Which blockchain could become just as decentralized as Bitcoin?
Where could I store my assets in an emergency if there are no more bitcoins?
Which blockchain could become just as decentralized as Bitcoin?
Where could I store my assets in an emergency if there are no more bitcoins?
I don't believe there will be a moment when there will be no more bitcoin; we can't predict the future or what will happen to bitcoin after now. However, due to the way bitcoin was founded and built upon, the policy on which it runs does not have a consensus with regard to expiration or bitcoin going into exile.
Quote
Bitcoin is not a currency that we will use for everyday, it is more like gold that will be used to store our wealth.
I don't think we're going to see much bitcoin in the future because big money managers and governments are going to grab bitcoin.
What is left for us then?
Exactly as good as nothing!
I don't think we're going to see much bitcoin in the future because big money managers and governments are going to grab bitcoin.
What is left for us then?
Exactly as good as nothing!
I understand your point, and the risk of that happening is real. As there is a limited supply of bitcoin, if large corporations band together to keep them all as a store of value without selling them, there will be no more bitcoin for me or you to hold after that. Bitcoin will not be in circulation, and large corporations will have complete control over it. I hope there is more to this and that in the future, not a few large persons own and manage bitcoin.
I should stop looking too much into the future.
If it should really be the case that not so many bitcoins can be traded on the market, then there will definitely be good alternatives by then.
Speculating about this scenario now makes little sense, because there is currently enough Bitcoin to buy
If it should really be the case that not so many bitcoins can be traded on the market, then there will definitely be good alternatives by then.
Speculating about this scenario now makes little sense, because there is currently enough Bitcoin to buy
Ethereum is second to only Bitcoin in my opinion. Bitcoin will all be the biggest and greatest but Ethereum is pushing the bounds and unlocking more use cases for blockchain and cryptos. As much as we'd like to only have Bitcoin for transferring value, it was hard to represent other use cases. Right now we can do:
-DeFi (swaps, borrowing and lending)
- Digital collectibles etc.
More innovations will come to Bitcoin and all of crypto.
-DeFi (swaps, borrowing and lending)
- Digital collectibles etc.
More innovations will come to Bitcoin and all of crypto.
Where could I store my assets in an emergency if there are no more bitcoins?
Before thinking about plan B, I think you should focus more on Plan A which is buying more bitcoins now while you can. Bitcoin will always be in circulation because in the future, more people will be using bitcoin as a payment option.
If you want a second best cryptocurrency for privacy, I recommend Monero. Transactions are private and it’s easy to maintain your privacy while making transactions. Monwro isn’t a pump and dump coin. It’s utility makes it a very valuable coin to buy.
The OP should think about the situation, if there are no more bitcoins, what would happen to the crypto market?
Would still be worth holding other alts if bitcoin is not present? I don't think so.
But considering second best alts, don't look too far, check the top 10 or 20 alts and see which ones have their solid reasons to survive.
ETH and BNB are my choices though. But need to keep up with their developments as you'll never know what's gonna happen next in this market.
Where could I store my assets in an emergency if there are no more bitcoins?
Before thinking about plan B, I think you should focus more on Plan A which is buying more bitcoins now while you can. Bitcoin will always be in circulation because in the future, more people will be using bitcoin as a payment option.
If you want a second best cryptocurrency for privacy, I recommend Monero. Transactions are private and it’s easy to maintain your privacy while making transactions. Monwro isn’t a pump and dump coin. It’s utility makes it a very valuable coin to buy.
hmm i dont think Bitcoin always be in circulation because it will not be using as a payment option.
It is used more like gold.
- To keep wealth
- To cover spot ETFs
- To cover the dollar (like in the past with the gold standard)
Nothing comes close to being what bitcoin is & what it offers humanity, both now & in the future. Bitcoin is the single, greatest monetary innovation of our lifetime. Some people will profit handsomely from alts but no altcoin can compete with bitcoin as a combined package.
Other altcoins are duplicates of bitcoin and I don't see why any of them will be better off than bitcoin when they are all centralized. Bitcoin can never be no more but will keep on increasing in value due to its nature of decentralization. The fact is that bitcoin will be very expensive in the nearest future and I don't think that I can see any of those altcoins that can go into competition with bitcoin in the next 10 years,because bitcoin halving has made it unique and other altcoins depends on the price of bitcoin movement for them to survive.
Where could I store my assets in an emergency if there are no more bitcoins?
Before thinking about plan B, I think you should focus more on Plan A which is buying more bitcoins now while you can. Bitcoin will always be in circulation because in the future, more people will be using bitcoin as a payment option.
If you want a second best cryptocurrency for privacy, I recommend Monero. Transactions are private and it’s easy to maintain your privacy while making transactions. Monwro isn’t a pump and dump coin. It’s utility makes it a very valuable coin to buy.
Jump to: