Topic: Will the bitcoin be outdated by another currency? - page 39. (Read 5719 times)
No , bitcoin will always lead another Alt coin , and it will happens till something disaster come to bitcoin system , but if not the answer is NO
There will not be any other currency can out date bitcoin because it has a very strong base in the market.its popularity is widening tremendously. Bitcoin has a specific feature and characteristics to attract the global community. Bitcoin can be operated world wide It is volatile and so the bull and bare movement is very common in the market.The intention of the creator is to provide a strong and valuable coin to the global community fort their day to day spending. Bitcoins market capital and the daily traded volumes are very high.According to the present trend no other currency can out date bitcoin.
You said it 100% correct! its value is based on faith and utility, which is never going to cease ever.
Whatever comes and goes in future, btcs will always be the Godfather and its value will even then be counted in its antiquity.
Bitcoin is the basis of all coins so I don't think any coin can outdated or surpass bitcoin..its the first one of a kind bitcoin that's why they name it as...the king of all but any coin can be promising and hold potential and good profit someday.
Bitcoin is simple, and that's what people like. People want to store value, move value back and forth, and if possible, at low cost. Altcoins have been offering all sorts of gimmick features throughout the years, but 95% of the people aren't interested in using these features at all, which once again points out that it there is no such a thing as Bitcoin being outdated.
Another aspect I see people complain about, is that Bitcoin's transaction fees are so expensive while altcoin fees are so insanely low. Roger Ver did that too, and he even made fun of Bitcoin various times in his streams as well. People should understand that the only reason altcoins are able to offer cheap transaction fees is because barely anyone is using their networks. High fees = high demand for block space. Low fees, or even no fees = low to no demand for block space (ie, coin is practically redundant). While I don't like altcoins, I do like their presence and the global interest in them. It's impossible to point out exactly, but the altcoin market makes sure a very large number of Bitcoins are taken out of direct circulation, and that makes sure there will only be more coin scarcity in the coming years. In other words, booming altcoin market is great for Bitcoin as well.
Another aspect I see people complain about, is that Bitcoin's transaction fees are so expensive while altcoin fees are so insanely low. Roger Ver did that too, and he even made fun of Bitcoin various times in his streams as well. People should understand that the only reason altcoins are able to offer cheap transaction fees is because barely anyone is using their networks. High fees = high demand for block space. Low fees, or even no fees = low to no demand for block space (ie, coin is practically redundant). While I don't like altcoins, I do like their presence and the global interest in them. It's impossible to point out exactly, but the altcoin market makes sure a very large number of Bitcoins are taken out of direct circulation, and that makes sure there will only be more coin scarcity in the coming years. In other words, booming altcoin market is great for Bitcoin as well.
I agree with some of your points mate. While the general rule is that Bitcoin is the leading cryptocurrency at the moment, no one knows how long it can reign. There are so many different coins in the market that one can't discern how others would unfold. One coin, for all we know, could gain so much support and that support transcending to transactions can really bring that one coin alive. Bitcoin is the pioneer, so it is expected that it would be the first to gain attention, support and it would also be the trial for all users of cryptocurrencies today that has led to its quick rise. If a coin would take the same path, then undeniably, it can come to a point when it can beat Bitcoin.
the more bitcoin users the more difficult altcoin can shift the bitcoin, bitcoin is the most reliable currency compared to other altcoins. so I think it is very difficult to change it.
nuh it is not difficult to change from bitcoin to other alt coin , we all know that bitcoin is not perfect and still has many correction to be done If most of the whale holders dump their bitcoin trust me bitcoin could be back again at $100.
the more bitcoin users the more difficult altcoin can shift the bitcoin, bitcoin is the most reliable currency compared to other altcoins. so I think it is very difficult to change it.
Considering its popularity and the utility as used by companies and common investors I think it will not be outdated by any currency. What I do believe is bitcoin being even upgraded. I think I heard rumors about this but I am not that certain.
I think bitcoin will not be cross any others county economic drops but is can connect many types of users it means a bonding will automatically created by crypto currencies so the topic is in positive thing.
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.
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.
In the near term it seems unlikely, but in the long run it is possible, because the price of crypto is determined by the market, and if many people believe in other coins then bitcoin will not be number 1 anymore.
Well it can be. It always can be but it will be too hard for another currency to get that position because today almost all of the online earners are basing on the capability and the value of bitcoin the idea also of bitcoin will get you the idea to invest into it.
There's already blockchain 4.0 so if bitcoin could not improve more or at least get in the level of those new cryptocurrencies then it's really going to be forgotten. That's what happen to technologies. When a new and better comes out, the old ones becomes obsolete.
I dont think so because bitcoin is the first crypto and also even though the value of it drop down but still many people are investing on it because they believe that still they can be able to earn big when the value increases.
It looks like bitcoins will not expire or be replaced by other currencies. Bitcoin already has a lot of enthusiasts, and the functionality of bitcoin is not the same as other currencies.
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
In my own opinion Ethereum will not overthrow bitcoin because eventhough ethereum's price is higher than bitcoin we cant deny that without bitcoin there will be no ethereum at all. 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.
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 don't think so but for me Bitcoin is still Bitcoin, the mother of all cryptocurrencies. Bitcoin is the best among altcoins in terms of volume and price and it is very incomparable among them all.
Bitcoin is a form cryptocurrency, or we could also consider or say that it is money, now having said this, money and cryptocurremcy both fluctuates in value, it only means that it could also be outdated by some other coin or token, or it might just happen that one day there might be a different currency that will appear and outdate even the whole cryptocurrency system.
Bitcoin is always first choice to invest by people when they want to join in crypto. I am believe that bitcoin will never be outdated by another currency because other currency is just altcoin and the primary is bitcoin. Its like gold in real world
This will actually depend on the status and legality of bitcoin in the future. Being number one in the cryptocurrency chart may not always be positive, as the government, banks, and large trading industries view it as a threat to the economics and to the public. In general, cryptocurrencies lack an essential factor- which is providing securities and collaterals to the transactions.
We need to consider all the possibilities when considering the status of bitcoin. It may be the reigning coin currently but once the government implements rules against its existence, then expect it to be replaced by another coin.
no currency will come near to bitcoin in terms of competion bitcoin is king of alt coins as long as bitcoin is strong in their market alt coins growth is also depedndent on bitcoin
Considering its popularity and the utility as used by companies and common investors I think it will not be outdated by any currency. What I do believe is bitcoin being even upgraded. I think I heard rumors about this but I am not that certain.
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