Will bitcoin still be the preferred cryptocurrency after 10 years?

Pendularin

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Quote from: Silberman on February 22, 2017, 11:35:11 AM

Bitcoin has a huge head start and it has the recognition of the people, even if adoption is very low at least bitcoin is by far the most known of all the cryptocurrencies, but it seems we are trapped in some kind of conflict and the development has stalled if this does not change then another crypto with a more intense development could surpass bitcoin.

The bitcoin is still quite young. It will rise in the future.

Silberman

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Bitcoin has a huge head start and it has the recognition of the people, even if adoption is very low at least bitcoin is by far the most known of all the cryptocurrencies, but it seems we are trapped in some kind of conflict and the development has stalled if this does not change then another crypto with a more intense development could surpass bitcoin.

Xenoblate

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Quote from: Tanic on January 03, 2017, 06:11:59 PM

Bitcoin is spreading over the world now. And it appear many new crypto currencies with the idea to repeat the success of bitcoin. I doubt that any of them will be able to do that. So bitcoin is going be still prefered crypto currency in 10 years by my opinion.

The price is also rising. So more people will use it.

Tanic

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Bitcoin is spreading over the world now. And it appear many new crypto currencies with the idea to repeat the success of bitcoin. I doubt that any of them will be able to do that. So bitcoin is going be still prefered crypto currency in 10 years by my opinion.

d5000

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Well, today Bitcoin is getting 8 years old. Happy birthday!

So my answer is: Very probably yes. 10 years from the start by Satoshi would be 2019, that's less time from now than the November 2013 bubble.

Serious competitors could emerge in these last years of the 2010s, but they need to grow organically and build up the network and community Bitcoin already has. That takes time. But there are probably improvements like a less energy consuming algorithm (probably not the current incarnations of PoS) that could be a serious challenge for Bitcoin's supremacy in the cryptocurrency world at some point in the future.

Pendularin

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Quote from: CoinCidental on December 19, 2016, 01:23:35 PM

bitcoin will still be the king but whole bitcoins maybe insanely valuable and similar
to the way we think of gold bars in a vault today

i predict we will use lightening or L2 technology for daily transactions
as it will accomodate unlimited users and confirm instantly

also people will transact in Mbits or even satoshis as whole coins will be used to purchase
cars and property etc ......

L2 could be used. But that is many years away. And some people do not trust the LN operators and it is centralised.

CoinCidental

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bitcoin will still be the king but whole bitcoins maybe insanely valuable and similar
to the way we think of gold bars in a vault today

i predict we will use lightening or L2 technology for daily transactions
as it will accomodate unlimited users and confirm instantly

also people will transact in Mbits or even satoshis as whole coins will be used to purchase
cars and property etc ......

Pendularin

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Quote from: electronicash on December 18, 2016, 11:07:40 PM

Quote from: lumeire on December 18, 2016, 07:41:54 PM

That is, if bitcoin will still exist after 10 years.

i have no doubts it will still exist in fact its value will be a lot along with the rest that also exist these days.
if OP will still be here after 10 years, he will not realize it that 10 actually pass and the least that is expect did happen.

But another good coin could be used more than the bitcoin.

Tanic

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Quote from: BitAurum on May 05, 2016, 01:48:20 PM

Will bitcoin still be the preferred cryptocurrency after 10 years or will something better take over?

I think the second variant has place to be. Bitcoin is technology and as we all see technologies are developing fast this days and day by day the speed of development are getting higher. It's hard to predict now what is going to be with bitcoin.

error08

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Quote from: Red-Apple on December 19, 2016, 11:19:24 AM

Quote from: lumeire on December 18, 2016, 07:41:54 PM

That is, if bitcoin will still exist after 10 years.

the existence of bitcoin is a sure thing, you can't make it disappear. even if everyone stops mining, trading and generally using bitcoin the code is still going to exist on the internet and blockchain in a museum at least by some collector

Bitcoin had created that way, supported by blockchain technology.
In 10 years, bitcoin will still there, on the network and keep growing and getting bigger market cap.
People will realize how bitcoin could beneficial for them to storing their wealth instead of fiat money.
As the founder said, in 20 years there will either be very large transaction volume or no volume.

Red-Apple

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Quote from: lumeire on December 18, 2016, 07:41:54 PM

That is, if bitcoin will still exist after 10 years.

the existence of bitcoin is a sure thing, you can't make it disappear. even if everyone stops mining, trading and generally using bitcoin the code is still going to exist on the internet and blockchain in a museum at least by some collector

CyberKuro

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Quote from: BitAurum on May 05, 2016, 01:48:20 PM

Will bitcoin still be the preferred cryptocurrency after 10 years or will something better take over?

We can't so sure about bitcoin in 10 years later, it's a long way to go and there is no certain answer about that which we could only speculate and predict it. According to the bitcoin track record and cryptocurrency world nowadays, bitcoin still lead the market and become major digital currency. All of those coins created because of bitcoin has invented and be the preferred of new coin, but none could equal compare to bitcoin, I think bitcoin still be the preferred in 10 years later.

electronicash

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Quote from: lumeire on December 18, 2016, 07:41:54 PM

That is, if bitcoin will still exist after 10 years.

i have no doubts it will still exist in fact its value will be a lot along with the rest that also exist these days.
if OP will still be here after 10 years, he will not realize it that 10 actually pass and the least that is expect did happen.

lumeire

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That is, if bitcoin will still exist after 10 years.

Tanic

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I don't know. Technologies are developing so fast and every year it appear something new in this area. Who knows what will be with bitcoin. I think it will transform in something.

DrGuns4Hands

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i think if the creator of bitcoin improve its system and add more usable feature ithink bitcoin will still be the preferred cryptocurrency because bitcoin is the pioneer of all cryptocurrency so it will be the primary crypto currency to be used even after 10 years. im planning to create my own gambling sites if i can make save all my bitcoins and my friends also will help me to build my own gambling sites they will be my stock holders and part of my company too.

radamiel

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Quote from: TheGodFather on December 16, 2016, 09:36:07 PM

i think bitcoin could still be preferred crypto currency because bitcoin was the first crypto currency and more powerful than other that's why im thinking bitcoin could be our first digital currency that we can use in everyday life. that's why this time was the best time to save all your bitcoins because there's a lot of good opportunity on bitcoin in future.

I strongly agree with it, bitcoin might not be replaced by another cryptocurrency. cryptocurrency bitcoin is a reference in the world. and in fact until now no that can't be rival of the bitcoin

TheGodFather

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i think bitcoin could still be preferred crypto currency because bitcoin was the first crypto currency and more powerful than other that's why im thinking bitcoin could be our first digital currency that we can use in everyday life. that's why this time was the best time to save all your bitcoins because there's a lot of good opportunity on bitcoin in future.

CoinCidental

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Si vis pacem, para bellum

Quote from: TrueCryptonaire on December 10, 2016, 06:06:11 AM

Quote from: BitAurum on May 05, 2016, 01:48:20 PM

Will bitcoin still be the preferred cryptocurrency after 10 years or will something better take over?

Most likely it will not be, technology moves forward so fast and new people will adapt crypto.
From the current coins I think it is Monero that will survive and gain a significiant market capitalization. Monero may not reach the market cap of bitcoin but I think from the current levels it has significiant growth potential and yes even there is a chance it will go beyond. Will Monero be the best coin from now to eternity...? Most likely not, but among the current ones it will be definetely a good choice for some time at least (be it 3 years or 8 years or...)

XMR key selling points will also be its limitations imo
for sure ,it would make a great coin for dark markets ,tax evaders and under the table deals
(these are precisely the reason i invested in it )

i dont think it will be traded on the nasdaq and wall st though ,areas where bitcoin is already pushing into
as i think governments will consider it a criminals coin..........and some of the hate will shift from btc to xmr

Vaskiy

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Even after 10 or more years, bitcoin will continue to be the best crytocurrency of all time. The reason on which I believe is its enormous growth that took place in a very small time period of about 8years time. Very few other than bitcoin has a rising potential. Future can't be predicted exactly but based on bitcoin's acceptance its confirms that no other currency will take the place of bitcoin.

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