Will the bitcoin be outdated by another currency? - page 27.

AdamRay

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Quote from: charlemagne_15 on July 14, 2018, 08:12:55 AM

Quote from: lbassotto on April 03, 2018, 09:59:32 AM

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.

I agree with you. In my perspective based on what I have seen, bitcoin cannot be outdated by others as of now for a reason that it is more influential unlike before. Another one is that it is safer due to government cannot put taxes on it so you have no worries and also only you can manipulate or control your bitcoin. It cannot be outdated by others because it is the most popular cryptocurrency so far and the first to be used and introduced.

Bitcoin will probably be outdated by another currency as it somewhat precedes paper money. The world is constantly transforming itself into a more modern one that hardly anyone guesses exactly how it will happen. Bitcoin is the first electronic currency and is probably the foundation for other superior electronic currencies in the future.

charlemagne_15

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Quote from: lbassotto on April 03, 2018, 09:59:32 AM

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.

I agree with you. In my perspective based on what I have seen, bitcoin cannot be outdated by others as of now for a reason that it is more influential unlike before. Another one is that it is safer due to government cannot put taxes on it so you have no worries and also only you can manipulate or control your bitcoin. It cannot be outdated by others because it is the most popular cryptocurrency so far and the first to be used and introduced.

Lady Coquet

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Quote from: lbassotto on April 03, 2018, 09:59:32 AM

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.

I think bitcoin will never be outdataed by any other cryptocurrencies because it is the most popular cryptocurrency and it has more greater value than other cryptocurrency. I think bitcoin will still remains on the top no matter what happens it is srill the best.

Dikarama7

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Sovryn - Brings DeFi to Bitcoin

Quote from: lbassotto on April 03, 2018, 09:59:32 AM

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.

Although bitcoin is old, but bitcoin will remain popular and can not be defeated by other currencies. Bitcoin will remain the most popular in crypto.

Sled

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Bitcoin- in bullish time

Quote from: giarised on July 14, 2018, 02:21:14 AM

Quote from: torontoconti on June 24, 2018, 04:02:00 PM

This is potentially high. At present it is very good, but it has been created very long. So to compare technology, the bitcoin will not be equal to the new coin altcoins are developed in the market.

I think no, there is no such currency which can compete with the Bitcoin even there is not any single currency which is in comparison with the Bitcoin. Bitcoin is base currency which has the strength and potential and has proven it to the whole world. Besides the Bitcoin other cryptocurrencies are also in momentum but if we think it will take many centuries to reach at the position of Bitcoin.

We can't tell if there will be or there will be no competitor for bitcoin in the future because bitcoin is still the king right now but we don't know if there will be a good cryptocurrency which have a great team, great features and an overall better overview compare to bitcoin and that is the only way that i think bitcoin will become outdated.

anntlevel

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Quote from: torontoconti on June 24, 2018, 04:02:00 PM

This is potentially high. At present it is very good, but it has been created very long. So to compare technology, the bitcoin will not be equal to the new coin altcoins are developed in the market.

That is not possible. Bitcoin has one of the huge market caps and it has been the top trending coin since a decade. Besides, ETH which is a very potential crypto cannot even cross Bitcoin in coming decades let alone other crypto. Having said that, Bitcoin will go one ruling the crypto market and might even outshine US dollar if it is recognized by countries all over the world.

giarised

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Quote from: torontoconti on June 24, 2018, 04:02:00 PM

This is potentially high. At present it is very good, but it has been created very long. So to compare technology, the bitcoin will not be equal to the new coin altcoins are developed in the market.

I think no, there is no such currency which can compete with the Bitcoin even there is not any single currency which is in comparison with the Bitcoin. Bitcoin is base currency which has the strength and potential and has proven it to the whole world. Besides the Bitcoin other cryptocurrencies are also in momentum but if we think it will take many centuries to reach at the position of Bitcoin.

Blue Bell

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Quote from: Masongrae on July 08, 2018, 09:32:47 AM

Quote from: spiker777 on April 03, 2018, 11:04:26 AM

Bitcoin is already being outdated by other cryptocurrencies, even Ethereum was a generational improvement on Bitcoin. However, as we all know, the best isn't always the most successful, and bitcoin is clearly the most successful. However, modern cryptos such as ADA and EOS could possibly overthrow bitcoin if they manage to gain significant traction and partnerships, this is because they have much more potential outside of just being a payment system.

I think if the trend of bitcoin price is going down for the next years to come, indeed it will be outdated by the other cryptos. People will eventually put their interest in other cryptos that are really beneficial to them. Bitcoin might be on the verge of loosing its dominance if the price goes very low while the others are making their way to the top slowly but surely. Just my opinion anyway, that might shed light.

It is hard to believe mate how easily you said people will create some other currency, is it a child play to make currency and allow it to the markets as payment, no it is not going to happen already bitcoin is in the ground and it will be there forever, no currency can ever replace bitcoin, it has gained the most useful most invested currency award so I think bitcoin is hard to beat by any other currency,

DanWork

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Quote from: IMAR on July 08, 2018, 10:02:46 AM

Quote from: cryptoblue on April 03, 2018, 11:15:10 AM

At present, I don't think that any other coin would beat bitcoin, but there are a few good coins that have got a very bright future such as Neo.

I like the way you put it. I agree, no one can beat bitcoin. Bitcoin will always beat other coins.

Kidding aside, bitcoin is been in the market for 9 years now and it is still the strongest coin currently. Yes it falls from 19,000 USD to around 7,000 USD now but still it is way bigger than any other coins. But it's only time can really tell the truth. Let us wait and see if any alt coins and beat bitcoin.

The price went from 20,000 to 7,000, but that's not a good example, because almost all other alt coins did worse than that during that time period.

Eigig

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In the future it may happen that bitcoin will be outdated by another currency, this is because digital technogy is fast developing new prorammes in the digital world , if there is another currency that is better in performance than bitcoin then people will go to much better services than the usual one which is yhe bitcoin.

Epimetheus

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Quote from: waywethe on April 03, 2018, 11:02:39 AM

No altcoin can be compared to Bitcoin and Bitcoin will forever be a king in Crypto. But if you want to overthrow Bitcoin, only ETH can do it. Because ETH is also developing strongly and is trending up like Bitcoin before

Yes, no Altcoin can take the place of bitcoin but some Altcoin may be beat bitcoin in its popularity. Altcoin like Ethereum may be beat bitcoin in its price. Ethereum also have a good platform and its user number is also immpresive. Many developing countries and developed country using it to improve their country economy. Ethereum is less volatile then that of bitcoin. Because of this many investors prefer Ethereum for long term investment purposes. Ethereum money transaction speed is also good then that of bitcoin.

microwave

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Quote from: lbassotto on April 03, 2018, 09:59:32 AM

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.

My answer also in NO, because even in some other Crypto currency are going to slow same as the situation of bitcoin. the reason of deflation of all Crypto Currency I think this is because of all users are panic selling but it doesn't mean that price value will not go back to high Price again. Green color of price value are the big sign to the price lively again.

Farhan786

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In my opinion, bitcoin cannot be outdated, bitcoin is a king of the cryptocurrency and a blockchain. Bitcoins popularity is increasing day by day and its market capital is very high comparing to the other currencies. Many people like Bitcoin because of easy transactions, big profits and privacy capabilities.

billarerghomes

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Bitcoin is so strong and stable digital currency, so as now it is far that it will be outdated by another currency because bitcoin has very high price value in the market index.As for this bitcoin is so popular than ever so I think it is far to go in the digital market.

jakedeez

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ICO is evil

Quote from: lbassotto on April 03, 2018, 09:59:32 AM

My answer to the principle is: NO
BUY BITCOIN TODAY AND ALWAYS.

Seems a very strict statement. We will see that in the future. But for now I can completely agree with you, none of the cryptocurrencies are not even close to be like Bitcoin. So it is the highest right now.

icoprofits

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no other currency will come close to bitcoin so outdate bitcoin won't be possible in anytime future so it is out of decision point all together

bizalaz

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I can compare it with gold, gold always has its price, noone can beat it, so in crypto world Bitcoin is the gold, so time to buy it rigth now, when the price is still not high as it should be...

jeronimosuykens

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Quote from: Eijrafarm on July 08, 2018, 03:04:25 AM

I think that this is highly impossible to happen. Base on the current market bitcoin price very low regarding to its peak price but if you will take the factor that if btc is down all coin also affected.

Although new coins appearing in the crypto market are more advanced than Bitcoin, Bitcoin itself has the advantage that I believe no coin is currently available to replace Bitcoin. Bitcoin will grow even more and it will still be the leading coin market for this potentially cryptocurrency.

IMAR

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Quote from: cryptoblue on April 03, 2018, 11:15:10 AM

At present, I don't think that any other coin would beat bitcoin, but there are a few good coins that have got a very bright future such as Neo.

I like the way you put it. I agree, no one can beat bitcoin. Bitcoin will always beat other coins.

Kidding aside, bitcoin is been in the market for 9 years now and it is still the strongest coin currently. Yes it falls from 19,000 USD to around 7,000 USD now but still it is way bigger than any other coins. But it's only time can really tell the truth. Let us wait and see if any alt coins and beat bitcoin.

Masongrae

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Quote from: spiker777 on April 03, 2018, 11:04:26 AM

Bitcoin is already being outdated by other cryptocurrencies, even Ethereum was a generational improvement on Bitcoin. However, as we all know, the best isn't always the most successful, and bitcoin is clearly the most successful. However, modern cryptos such as ADA and EOS could possibly overthrow bitcoin if they manage to gain significant traction and partnerships, this is because they have much more potential outside of just being a payment system.

I think if the trend of bitcoin price is going down for the next years to come, indeed it will be outdated by the other cryptos. People will eventually put their interest in other cryptos that are really beneficial to them. Bitcoin might be on the verge of loosing its dominance if the price goes very low while the others are making their way to the top slowly but surely. Just my opinion anyway, that might shed light.

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