Topic: Will Bitcoin Adopt New coins ? - page 2. (Read 3110 times)
Bitcoin is the most powerful coin. There’s no doubt about it. As you can observe, a lot of coins are now falling but bitcoin still remain at the top thought its price is no longer high like before. Nevertheless, I do not think that bitcoin will adapt new coin.
Where are all the coins that claimed they were better than bitcoin and were going to kill or replace bitcoin? Most are in the grave now sending investors to a solitary life. Bitcoin has a dedicated communities and the support continues, they don't employ any, new coins do employ developers and still go bankrupt.
That's too harsh on developers and yes we know for a fact that bitcoin does not adopt any new coins as bitcoin is not in need of any particular coin to survive wherein the fluctuations in the value of bitcoin affects the entire market. Altcoins still has a long way to travel before discussing about any sort of deal with bitcoin. Bitcoin don't need other coins but other coins need bitcoin for their survival.
Where are all the coins that claimed they were better than bitcoin and were going to kill or replace bitcoin? Most are in the grave now sending investors to a solitary life. Bitcoin has a dedicated communities and the support continues, they don't employ any, new coins do employ developers and still go bankrupt.
They just are just making fake claims, How would other crypto tokens/coins defeat bitcoin. We know bitcoin is the one standing on top and most of the tokens/coins in the market are pairing with bitcoin. I don't know if they pertain to value. But if they are pertaining to the value it's possible but bitcoin will be always number one, especially that bitcoin influence spread out through the world.
We all know that bitcoin is decentralized meaning there are no organizations or any groups taking care of it. And I think why bitcoin is considered number 1, is because bitcoin is the most used cryptocurrency than any other cryptocurrency, and I think it is the first crypto ever made that is why price and volume are dominant than any other cryptocurrency. In terms of prices, we cannot predict what will happen in the future but we should still support and believe that bitcoin can survive that long. As we have seen that bitcoin survive from the downfall in the last couple of months, and as of now it is recovering and I hope that bitcoin will hit the market again just like what happened in 2017.
Where are all the coins that claimed they were better than bitcoin and were going to kill or replace bitcoin? Most are in the grave now sending investors to a solitary life. Bitcoin has a dedicated communities and the support continues, they don't employ any, new coins do employ developers and still go bankrupt.
maybe now people don't want to invest with new coins especially they often see now new coins issued in these months can be said to be defeated by bitcoin market prices maybe if we look at the technology the possibility of new coins is more sophisticated than in bitcoin but bitcoin investors in my opinion don't think they will stop with bitcoin because they are very sure that bitcoin is the future.
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
I think bitcoin will never be a team in different coins because they have different ways and different price in the market. Bitcoin do not belongs to anyone except of course the person under the pseudo name of satoshi nakamoto. If there will be new coin then it will process on its own and not as a part of the bitcoin.
I think you point out the altcoin because newer coin will get value when there are a lot of investment and it is hard to success like bitcoin in the newer coin because some are artificial coin which they use for a single time then it shows that the coin will be at the trash but I think the project was success but not the coin.
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
I think bitcoin will never be a team in different coins because they have different ways and different price in the market. Bitcoin do not belongs to anyone except of course the person under the pseudo name of satoshi nakamoto. If there will be new coin then it will process on its own and not as a part of the bitcoin.
Bitcoin is currently still in mining and the total supply is still quite large in proportion to the results of mining today. so for what new coins if the main is also not finished and is still expanding, maybe other innovations might be there like hardfork with new implementations and new features, and compete with bitcoin it's still possible. but for bitcoin itself I don't think thats gonna happend.
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
At a point some of us felt Bytebal was the replacement for Bitcoin as it gave Bytebal a grievous chase in price. But that expectation soon died. Then cane the first fork and BCH was born out of Bitcoin. Nothing changed. It conveniently played second fiddle to Bitcoin. What about ETH? They've all failed in that regard. However, I do not still think that Bitcoin will want to adopt anything for anything. So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
There is no dedicated team which owns the complete blockhain or has the power to control the whole network but there is a team of core miners who are dedicated towards blocks mining and improvement over the network. These are rewarded for their work directly through the BTC mined by them while mining blocks of Bitcoin. Moreover if there is a new coin emerging out of bitcoin and there are a number of core miners who support it then BTC is generally hard forked by creating a new coin and splitting it in the same ratio. This new coin is transferred to an altogether separate blockchain. Bitcoin Cash & Bitcoin Gold were two most popular hard forks and after that there was a series of that. So this is how bitcoin gets improved. So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
Just like what others have said, bitcoin has no team managing it because it is bitcoin. Besides, what you are saying is a problem that isn't even called a problem. The development of bitcoin as a coin itself is managed by different contributors who would want to develop bitcoin to a brand new age. Besides, bitcoin stands as the forefather of most coins and can be seen as the one who depicts whether other coins would rise or fall. Saying that bitcoin has issues means that the pillar that stands tall above other coins is just a piece of wood and not really something people would call a "pillar".
Also note, bitcoin isn't competing with others. Others compete with bitcoin. They try to surpass what bitcoin did and so far, they could do nothing but just stand and watch as bitcoin is still the overlord of cryptomarket.
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
I think that is highly unlikely. BTC should come up with its own solution, like the lightning network. Linking and merging with another coin would likely damage its brand more than it could ever help its technology.
Hi,
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
So Bitcoin has issues like speed of transactions and energy consumption.
As there is no 'team' behind bitcoin, how is it going to develop and make sure it is always competing with newer coins?
There are alot of coins resolving these issues and people are buying into them, but why if bitcoin is considered No. 1 ? Is there a possiblity the new coins could be linked with bitcoin or that future bitcoin 'integrates with them and their technology which therfore increases their prices?
Trying to understand this universe!
Thanks in advance
L
Bitcoin gains legitimacy, larger scale investors, and more adoption. The current value of bitcoin is largely driven by speculative interest. Bitcoin has exhibited characteristics of a bubble with drastic price run-ups and a craze of media attention. But speculative interest in bitcoin, we assume, will decline as it achieves adoption. These assumptions are can be the causes why bitcoin is on the top.
I don't see any issues. It's you who sees Bitcoin as slow and energy consuming. I see it as fast because it is much faster than my bank and I don't care about its energy consumption because it's paying for itself. It's not stealing energy from someone but using what it can afford. When it's not worth it for the miners they will stop paying for it and you can sleep well knowing that now your bank is using all that energy.
Bitcoin, no doubt, needs to be improved. Now, probably, there is no longer a coin or even a token with such low scalability. However, mixing it or merging it with other types of cryptocurrencies is not a way out of this situation. After all, this will not be the same bitcoin anymore. Then they will rightly say that Bitcoin was deliberately destroyed. Original bitcoin must be kept clean. If someone wants to improve bitcoin, they usually make a hard fork with the formation of a new fork detaching from the bitcoin.
If someone expresses a negative opinion about Bitcoin, or maybe gives examples of other altcoin, which in his opinion will be somewhat better than Bitcoin, then this will undoubtedly cause a wave of indignation among Bitcoin fans. I think that no one in my opinion wants to take away the Bitcoin Glory and its merits to users and the cryptocurrency market in general, but we must nevertheless admit that there are certain factors where Bitcoin passes to other cryptocurrencies. I want to give an example of the Doge Coin coin, which was generally created as something that contradicted Bitcoin and as a mockery, but nevertheless this coin is highly valued in practice among cryptocurrency users and makes it possible to even use it as a means of payment, which was originally expected from Bitcoin . Nevertheless, we are still at the very beginning of the development of the cryptocurrency market and it is very difficult to predict what awaits us in the future.
Why the need to merge, when Bitcoin is the one that started it all and we all know some early coins are just a clone of Bitcoin or fork of Bitcoin, Bitcoin is a stand-alone coin, it can take care of itself no need to merge to a new coins and if there is merge what coins will those be.
No matter how promising new coin can be, bitcoin will still be at the king of all cryptocurrency. If you can't afford bitcoin transaction fee, there are still profitable coin, that has low transaction fee to invest on. It depends on the market price
Bitcoin is undoubtedly the pioneer of the cryptocurrency market, but today Bitcoin cannot be considered the most profitable and invulnerable from the point of view of competition. One way or another, the cost of Bitcoin transactions is still high, if you do not worry about transaction times. But the period the Bitcoin moves on the network is still too high. Although getting out of this, you need to work on other coins in order to try to implement Bitcoin ideas in other possibilities.
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