Topic: Will the bitcoin be outdated by another currency? - page 16. (Read 5719 times)
The blockchain is still at its infancy and we are not too sure how far further development will be all-encompassing, so it is hard to tell if there won't be something far better than what we have now. That's not to say bitcoin will not always be an asset worthwhile
My answer to the principle is: NO
Bitcoin is money, the value of money is built on confidence, tradition and security, attributes that Bitcoin offers easily. The analogy between Bitcoin and social networks is completely incorrect, people think that Bitcoin is an myspace that will be replaced by facebook. It turns out that Bitcoin is money and not a social network, so this comparison is completely wrong.
Most of mankind's wealth resides in vaults for hundreds of years, so the circulating medium is derisory close to it. Why are we going to need fast, no-fee coins if we can use paper money and banks? Bitcoin's purpose is to be a safe asset, scarce and superior to gold. What is behind Bitcoin is the fact that no politician can steal you through taxes or inflation, there is nothing safer than Blockchain and Bitcoin. So far no technologically superior currency has emerged to Bitcoin to the point of provoking an abyss between technologies and will hardly emerge.
BUY BITCOIN TODAY AND ALWAYS.
Absolutely no. We must remember that Bitcoin is the pioneer of all coins. Without bitcoin, other coins will not rise up. Also, the price movement is happening because of the price of bitcoin. So, I would disagree. Bitcoin is money, the value of money is built on confidence, tradition and security, attributes that Bitcoin offers easily. The analogy between Bitcoin and social networks is completely incorrect, people think that Bitcoin is an myspace that will be replaced by facebook. It turns out that Bitcoin is money and not a social network, so this comparison is completely wrong.
Most of mankind's wealth resides in vaults for hundreds of years, so the circulating medium is derisory close to it. Why are we going to need fast, no-fee coins if we can use paper money and banks? Bitcoin's purpose is to be a safe asset, scarce and superior to gold. What is behind Bitcoin is the fact that no politician can steal you through taxes or inflation, there is nothing safer than Blockchain and Bitcoin. So far no technologically superior currency has emerged to Bitcoin to the point of provoking an abyss between technologies and will hardly emerge.
BUY BITCOIN TODAY AND ALWAYS.
This is a very complicated issue. My answer is no. I don't think it is impossible to have such a coin for at least 10 to 20 years. Unless the future government jointly issues coins, it will not exceed Bitcoin. Bitcoin creates cryptocurrencies, so bitcoin is currently king, and it's great.
It's not possible, that altcoins will be stronger than btc. It's too good coin, and its dominance on the market is unquestionable.
no altcoin can be compared with bitcoin. bitcoin is the crypto king, but if one day overtake the volume of bitcoin, eth is the answer
Every year there are many new coins launching in the market but till now i didn't find any cryptocurrency which is going to compete for Bitcoin, Still, bitcoin is a dominant currency which we cannot able predict the future coins but the chances beating the Bitcoin price is still low.
I think it may be outdated but it still attracts a lot of whales. Because it was the first Crypto to bring Blockchain to the world and that technology would certainly be appreciated.
So we can see daily volume up to $ 4 billion. That's great that other altcoins do not.
So we can see daily volume up to $ 4 billion. That's great that other altcoins do not.
Bitcoin has come to stay. No currency can easily push it away.
I am witnessing similar threads in this forum ever since I decided to invest in crypto 6 years back. But till now no altcoin has managed to do so. I am not saying that it is impossible, but IMO none of the current bunch of alts are capable of doing that.
for me the bitcoin does not seem like it alone has grown and it never expires in other digital currencies because bitcoin is rising so easily and the bitcoin has more of it known multiple times, and can also be Use bitcoin as an asset by working comparable and more ways to get lots of bitcoins and can be redeemed with money using cryptocurrency.
I can 100% totally agree with you. Bitcoin is something that cannot just be outdated with regular cryptocurrency which would be developed after it. As far as we can see there is no competitor to bitcoin on current stage.
Bitcoins will never be outdated but it was possible if there will be a new coin in the future that is going to replace bitcoins since the competition in the market today is very tight.
especially if the new coin has a different specification from bitcoin and that new coin has another benefit comparing to bitcoin. but I don't think that bitcoin can be outdated from the other coins because in the cryptocurrency itself, all coin is followed bitcoin only and they cannot step forward from bitcoin except if the other coin gives something different than bitcoin.
I can 100% totally agree with you. Bitcoin is something that cannot just be outdated with regular cryptocurrency which would be developed after it. As far as we can see there is no competitor to bitcoin on current stage.
Bitcoins will never be outdated but it was possible if there will be a new coin in the future that is going to replace bitcoins since the competition in the market today is very tight.
I think there some possible that bitcoin will outdated by other currency. There nonpossible a market but i think it took a long time to get passed
I am confident that this year no one crypto can outdate bitcoin because now bitcoin is still the king of crypto and i believe the the other currency will take many more years before they can beat or oudate bitcoin as the number one among the rest.
I can 100% totally agree with you. Bitcoin is something that cannot just be outdated with regular cryptocurrency which would be developed after it. As far as we can see there is no competitor to bitcoin on current stage.
The cryptocurrency ecosystem is continually evolving and many new coins have been introduced in recent times, but Bitcoin remains the most traded and number 1 cryptocurrency by market cap, meaning it would take a lot of time and innovation for it to be replaced by another crypocurrency. But one thing which is constant is change but we have to wait and see.
I think it would be very unlikely that bitcoin would expire by anothercurrency because bitcoin was the first cryptocurrency and became the strongest with the highest population. Bitcoin has a greater potential to grow and can become a future currency.
As I see it can be replaced because BTC transaction takes a long time, the transaction fee is very large. Technology from many years ago. But I think this will take a long time because BTC is one of the pioneers in the crypto market.
I believe that bitcoin is the basis of cryptocurrency, so it will always be valuable as the first valuable cryptocurrency
I haven't seen a change of Bitcoin's position on the cryptocurrency market. And while Bitcoin prices are down, the value is still very high.
I noticed even they are new currency they particularly engage to get down once the price of bitcoin goes down and when it goes up it also follow that's why it is hard to people to trusted other new currency to invest their money.
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