Will bitcoin last forever? - page 2.

arwin100

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Quote from: Msigwaeliza on March 26, 2020, 09:18:03 AM

We see that's some of the cryptocurrencies ranking level are decreased such as dogecoin before it was ranked #4 but currently I think it doesn't listed even in top #10 ranking... So can bitcoin also decrease its rank in the future or it will remain #1 rank forever?.

Just like most sayings 'There is no Forever" i don't think that Bitcoin will remain on that rank the whole life because there will comes a time that People will leave support on this Pioneering currency and will try others.

It may not happening this soon but in future when the adoption finally happen changes will be done and Bitcoin will step down to give other currency a chance to prove that they are deserving to serve people inc rypto.

Actually eventhough we can agree in the word that there is no forever but still we can rely on it since even up till now the current state is pretty much solid and aslong as theirs a big whale and it included on the institutions and whales options we can rely that we will see bitcoins for more longer years.

but i don't think that theirs a coin will surpass the bitcoin since it is the face of cryptocurrency and I don't think if there are people who will take a risk for new one who claims that they will surpass the bitcoins standings.

ethereumhunter

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The question is, are there any coins that can really challenge bitcoin in terms of market cap or dominance? We have seen bitcoin on top and so its hard to imagine that an altcoin will go and replace bitcoin. It has been this way and I seriously don't see any coins right now that can get the trust of investors.

So far, no. The altcoin will always follow bitcoin, and bitcoin will lead the crypto.

Related to the coin that has moved from the position, I think that is normal because there is always competition among the coin, so they will always try to beat the other coins to get a better position. But the altcoin will not have a chance to beat bitcoin because bitcoin will be a stay at number one.

I hope bitcoin will be with my grandchildren so they can also use bitcoin as I did now. I imagine my grandchildren transact using crypto besides of fiat money Grin

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Quote from: Msigwaeliza on March 26, 2020, 09:18:03 AM

We see that's some of the cryptocurrencies ranking level are decreased such as dogecoin before it was ranked #4 but currently I think it doesn't listed even in top #10 ranking... So can bitcoin also decrease its rank in the future or it will remain #1 rank forever?.

We don't know. No one knows.

BUT, what we know is, Bitcoin's value is NOT what defines a cryptocurrency as Bitcoin. If you're here for fiat, trade shitcoins. They're more volatile, and would you give more opportunities.

Plus this take, Bitcoin will win the war of attrition against ALL shitcoins.

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Quote from: Msigwaeliza on March 26, 2020, 09:18:03 AM

We see that's some of the cryptocurrencies ranking level are decreased such as dogecoin before it was ranked #4 but currently I think it doesn't listed even in top #10 ranking... So can bitcoin also decrease its rank in the future or it will remain #1 rank forever?.

Bitcoin will still remain ranked 1, Bitcoin is a digital revolutionary in the future, I am sure that, some countries have also legalized cryptocurrency, such as South Korea, Japan and Singapore to be home to Bitcoin at this time, I think this will be a good step for Bitcoin to continue its journey, Bitcoin is the king mate!

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I see bitcoin is different with another cryptocurrency in the market. The existence of Bitcoin laid the existence of other cryptocurrencies, As you can see when bitcoin price up then we will see most altcoin price will up as well and otherwise when bitcoin price is down then we will automatically see most of cryptocurrency price is down as well. This is pointed out, there is no coin who can be able to compete bitcoin price or even to pass bitcoin price. Bitcoin will always stay at the top. Because it is still and proven to be secured and all the other coins cannot challenge its dominance

Kelvinid

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I don't see an ending story of Bitcoin at this time but of course, we can't be sure also that this technology will last forever.
For more than a decade of its existence Bitcoin is still in #1 rank and why it happens like that? because Bitcoin is a unique coin created by one person, it was special that even a lot of people tried to clone it just BSV, BCH but still, there is no way to defeat Bitcoin...Having this instances, there is no reason why we have doubted the capability of this coin and change the mindset of the people who believe Bitcoin as the king in crypto.

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Quote from: bitbunnny on April 05, 2020, 07:29:58 AM

Nothing lasts forever, that is what experience teach us.
However, despite the large number of coins that followed Bitcoin none of them hasn't been so successful and how the situation looks now it will not be. It's not impossible that in some period of time some coin replace Bitcoin but that one should be much more technology advanced, be better accepted and has higher value but so far I don't see such possibility.

I highly doubt if there would be another kind of digital currency that resembles just like the Bitcoin in the future. I believe that nothing last forever and I agree with you but there will be something in the future that's awaiting to happen that would change the system. Just like how Bitcoin counter the banking system with its decentralization. It's been 10 years and not a single crypto can compete Bitcoin since most of them are a copy of the original Bitcoin.

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DOGE coin and Bitcoin are not the same, so you can't compare both these coins for their durability or reputation.

But we also can't say bitcoin will remain in number 1 position forever even if everyone started using cryptos as their primary payment mode, anything may happen at any time. But as of now, there is no competitor for bitcoin so it will stay there.

TheGreatPython

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It is not really about quality to be at the top, bitcoin is the first mover and it is riding on the first mover advantage and nothing else.

I can name 50 coins that are much better than bitcoin when it comes to blockchain, the quality of bitcoin and basically bitcoins blockchain is nothing compared to almost all other newer ones because they all put work into bitcoins blockchain and improved it and then improved the improved version and then kept on improving the improved versions back to back to create amazing ones.

Why bitcoin is high? Because it has the most interest from people, it is listed everywhere as the main one, it is also accepted in some places and also heard by a lot more people than all others combined. In order for another coin to pass it, you have to do marketing in 10+ billion dollars range to get it to that level, unlikely from anyone to do something like that for a new coin.

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Nothing lasts forever, that is what experience teach us.
However, despite the large number of coins that followed Bitcoin none of them hasn't been so successful and how the situation looks now it will not be. It's not impossible that in some period of time some coin replace Bitcoin but that one should be much more technology advanced, be better accepted and has higher value but so far I don't see such possibility.

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Quote from: okala on April 05, 2020, 05:20:53 AM

Bitcoin has that capacity to last forever. It has died several times and it is still be alive. If there is any financial instruments that is going to remain with us it is going to be bitcoin. Bitcoin should become the next generation of money but the governments are not seeing it that way but time is going to come when it will be adopted.

Nothing will last forever, but Bitcoin will last for a long time. Bitcoin is not the magic internet money anymore. People are getting used to it and more and more people are using it. Adoption is going slowly but it's going forward. I am confident, Bitcoin will be here for a long time! Wink

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I doubt we will ever see another coin replacing bitcoin, we will probably see "something" replace bitcoin eventually but probably not another coin. Right now we are talking about crypto currency that is backed by blockchain and all of them race each other, bitcoin is so high that it worths more than all of the other ones combined together, that tells me that no other coin will ever pass bitcoin, some other one might become second and beat ethereum one day, it all depends on if there is a good one and if ethereum falls, but nothing could pass bitcoin if you ask me.

However that doesn't mean that something much better than blockchain and crypto will never come, maybe with technology there will be something that is a better version of blockchain and we will start using that instead.

okala

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Bitcoin has that capacity to last forever. It has died several times and it is still be alive. If there is any financial instruments that is going to remain with us it is going to be bitcoin. Bitcoin should become the next generation of money but the governments are not seeing it that way but time is going to come when it will be adopted.

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Quote from: Janation on April 04, 2020, 09:50:10 PM

Quote from: Msigwaeliza on March 26, 2020, 09:18:03 AM

We see that's some of the cryptocurrencies ranking level are decreased such as dogecoin before it was ranked #4 but currently I think it doesn't listed even in top #10 ranking... So can bitcoin also decrease its rank in the future or it will remain #1 rank forever?.

It is Bitcoin.

For years and years of volatility, of falling and pumping within weeks or days Bitcoin stayed at the top beside other cryptocurrencies that follow those rankings. It will stay there since it is Bitcoin, it is what it is. The existence of Bitcoin laid the existence of other cryptocurrencies, it is majorly because of the technology but still, Bitcoin will always stay at the top.

Bitcoin will stat on top of all crypto currencies but this does not mean that crypto will remain forever. Who knows after 100 yeas there might be no signs of crypto currencies and bitcoins.

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Hard to say how long bitcoin will stay beside us, but maybe until people do not use bitcoin anymore, then bitcoin will disappear. Or until people think that bitcoin is not worth enough as now, and they leave and abandon bitcoin, and move to the other. I don't want to know about how long bitcoin will be with us, but as long as I can use the benefit from bitcoin, and I can get it for my life and my family, I think that will be enough for me. But bitcoin will be with us for a long time.

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Quote from: ballerin and giroud on April 04, 2020, 09:16:01 PM

Not sure against it, I see bitcoin is different with another cryptocurrency in the market. Thus far I see bitcoin has a power to move all the price cryptocurrency. As you can see when bitcoin price up then we will see most altcoin price will up as well and otherwise when bitcoin price is down then we will automatically see most of cryptocurrency price is down as well. This is pointed out, there is no coin who can be able to compete bitcoin price or even to pass bitcoin price.

Still the reality inside this industry, bitcoin dominance are there and all of the alts are relying from how bitcoin will move. The influenced really impacting
to each alternative coins around this market, bitcoin will be there to continue the industry and the support from all those alts holders also bring the barrier to bitcoin status.

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Quote from: Msigwaeliza on March 26, 2020, 09:18:03 AM

can bitcoin also decrease its rank in the future or it will remain #1 rank forever?.

If you mean the coinmarketcap kind of ranking system then I am afraid that bitcoin may lose its number one rank as those ranking systems are highly manipulated one but if you refer about being top currency in crypto space in terms of high value and high real time applications then I am very much sure that bitcoin will remain as the top number one cryptocurrency forever.

Quote from: aioc on April 04, 2020, 11:31:57 PM

we cannot say if it's going to last forever because we can not say what's going to be the new technology in the future..

That is a realistic talk but when nothing changes in impacting factors like withstanding against quantum computing or no governments will be banning bitcoins then I guess bitcoin will remain top forever or at least for next few centuries. We cannot worry about the future but we can be relaxed about near future by analyzing the impacting factors and other related things.

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Quote from: Msigwaeliza on March 26, 2020, 09:18:03 AM

We see that's some of the cryptocurrencies ranking level are decreased such as dogecoin before it was ranked #4 but currently I think it doesn't listed even in top #10 ranking... So can bitcoin also decrease its rank in the future or it will remain #1 rank forever?.

Nothing last forever, the reason why Bitcoin is still number one because it is still and proven to be secured and all the other coins cannot challenge its dominance, as long as this remains, Bitcoin will remain the number one coin in the market, but we cannot say if it's going to last forever because we can not say what's going to be the new technology in the future..

Janation

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Quote from: Msigwaeliza on March 26, 2020, 09:18:03 AM

We see that's some of the cryptocurrencies ranking level are decreased such as dogecoin before it was ranked #4 but currently I think it doesn't listed even in top #10 ranking... So can bitcoin also decrease its rank in the future or it will remain #1 rank forever?.

It is Bitcoin.

For years and years of volatility, of falling and pumping within weeks or days Bitcoin stayed at the top beside other cryptocurrencies that follow those rankings. It will stay there since it is Bitcoin, it is what it is. The existence of Bitcoin laid the existence of other cryptocurrencies, it is majorly because of the technology but still, Bitcoin will always stay at the top.

ballerin and giroud

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Not sure against it, I see bitcoin is different with another cryptocurrency in the market. Thus far I see bitcoin has a power to move all the price cryptocurrency. As you can see when bitcoin price up then we will see most altcoin price will up as well and otherwise when bitcoin price is down then we will automatically see most of cryptocurrency price is down as well. This is pointed out, there is no coin who can be able to compete bitcoin price or even to pass bitcoin price.

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