Topic: Will the bitcoin be outdated by another currency? - page 50. (Read 5719 times)
For me it is NO, due to the unique nature of virtual currencies, there are some inherent advantages to transacting through Bitcoin that users of other currencies do not get. Digital currencies are a relatively new and untested medium of exchange, and users should be careful to weigh their benefits and risks. That said, Bitcoin appears to offer some unique possibilities.
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.
There are different types of coins today that is being released in the market and there is no doubt that one of the altcoins in the future might shine because people will focus on investing in it depending on its platform.
My Answer is No As long as they buy n sell bitcoin And Use For Investments Because Bitcoin Block chain Is the Safest .
I also feel that it is not possible because blockchain has its own credibility and it will never let bitcoin outdated. Other currencies are far behind from bitcoin and due to huge investment in bitcoin people have no such extra money to buy more cryptos and also due to authentication. Many cryptos are scams and the people have lost their money in anonymous cryptos. 
I totally agree with your opinion! Bitcoin has already become a symbol of cryptocurrency. People may not know the term "cryptocurrency", but everyone knows exactly what bitcoin is and its purpose.
I think that one perspective can not be built on prospects. If he Bitcoin has real opportunities to become the leader of clips of the crypto currency in the future, then this will be so. But for today we expect soap bubbles, and not the real price for Bitcoin.Bitcoin is the rock star of the crypto currency market. This is being doing this from 2009 but still there is no crypto currencies can compete the bitcoin since it is good in smart contracts as well.
I have seen that you really looking forward to find the bitcoin price bumped in the market.
But this is not a permanent bump in the market. In some days again we will find the price fluctuatations and then end of this year we will find the bitcoin price touch the peak value.
Bitcoin has been the umber 1 coin for so many years now and it'll continue to be so because the majority of the community trust it blindly and everyone around the globe know that this coin is a sure investment , that's why it won't be surpassed by any other coin even if it has much more advantages .
No. Bitcoin is the first coins that started cryptocurrency. All the ideas of other coins in cryptocurrency is based on Bitcoin. Base on my observation if Bitcoins goes down in the market, other cryptocurrency coins also go down. I think Bitcoin will not be outdated.
It is true that the entire market is possible because of bitcoin and not every coin at this stage is based on bitcoin protocol, things have changed a lot from the begging and there are promising coins that focuses more on privacy and with increased scrutiny by the governments i think privacy coins will be used more frequently in the future but bitcoin will be global currency.All the above, bitcoin is here to stay on top as the main currency of usage and the ideas of other altcoin is based on it, and let’s see how this is going to be playing out for some alts once bitcoin is able to rectify the scaling issue completely and made use of in the mainstream level.
I totally agree with your opinion! Bitcoin has already become a symbol of cryptocurrency. People may not know the term "cryptocurrency", but everyone knows exactly what bitcoin is and its purpose.
I think that one perspective can not be built on prospects. If he Bitcoin has real opportunities to become the leader of clips of the crypto currency in the future, then this will be so. But for today we expect soap bubbles, and not the real price for Bitcoin. 
I have not found any of these signs will happen at this time. but in the economic world all can happen, including bitcoin outdated by another currencies.
Indeed, in cryptocurrency all can be happen, that's unlikely to be possible. But keep in mind, trust can't be underestimated just because there is a higher quality altcoin than bitcoin. Bitcoin has a large market compared to altcoin, which means many investors have more confidence in bitcoin than altcoin. They (investors) will prioritize investments in bitcoin, after which altcoin will become the second priority. This situation will last long and will even remain the same in the future, its mean bitcoin can not be outdated by another currency. Investors will determine bitcoin be outdated by another currency or bitcoin can not be outdated by another currency.
Bitcoin does look somewhat old-fashioned against the background of altcoins. He first came out and probably was not ready to such growth of popularity. But this only seems.It's actually a classic. All mathematical laws evenly distribute profits among those who already have coins. Those who joined bitcoin later suffer due to the high transaction price.
To be perfectly honest, there are really a lot of altcoins like Ethereum which is more adept for banks. And damn, their devs are that active unlike bitcoin which we have that scaling issue for the last couple of years. But fortunately for us, bitcoin enjoys the support of our community because its really very popular as investment platforms that why the rules have change, from micro-payment scheme as what Satoshi visions it and now its a mode of investment similar to Gold. So yes, it has been outdated, but to overcome it as the number one crypto is a different thing. So I don't know if there will be coins to take its crown or bitcoin will remain the top dawg of cryptosphere.
The last time I checked, it is not like the bitcoin devs have not been working, they are just taking their time to make sure they do it right. We all keep talking about scaling issue, ordinary KITTENS screwed up Ethereum network pretty fast.
The thing is that we may not exactly see what is going on underneath, but one thing I have believed is that, to see bitcoin on the large scale we all keep clamoring will mean doing it right which I believe most investors already trust the bitcoin devs to be doing. We cannot tell what the future holds, but I really do not see any coin displacing bitcoin from that throne since it is just a matter of time before we see that protocol updated to suit the need of the users.
I totally agree with your opinion! Bitcoin has already become a symbol of cryptocurrency. People may not know the term "cryptocurrency", but everyone knows exactly what bitcoin is and its purpose.
It will be very hard for other cryptos to take number one spot of cryptos, especially if developers fix the speed of bitcoin transactions with Lightning network. People still love bitcoins even if some other cryptos are quite better right now and I don't really know why.
That would depends if bitcoin will not going update whatever to be updated just to be first in t cryptocurrency world. but as of the moment bitcoin is stil the best crypto coin existing so far. Besides this kind of currency is very new in this world so i guess it will take a little long to outdated by new one.
My Answer is No As long as they buy n sell bitcoin And Use For Investments Because Bitcoin Block chain Is the Safest .
Bitcoin does look somewhat old-fashioned against the background of altcoins. He first came out and probably was not ready to such growth of popularity. But this only seems.It's actually a classic. All mathematical laws evenly distribute profits among those who already have coins. Those who joined bitcoin later suffer due to the high transaction price.
That is what a lot of people are thinking until they start realizing that what they think was old fashioned after all still stood on top and rode the ship like the captain it has always been. Bitcoin will always have an edge and I do not see how bitcoin's protocol cannot be easily changed for the better even if an altcoin seems to come up with something a lot better.They have all been building on what brought about bitcoin, but in the long run, bitcoin is already more established than any coin, and that my friend, gives it more advantage that some people are not realizing.
Bitcoin does look somewhat old-fashioned against the background of altcoins. He first came out and probably was not ready to such growth of popularity. But this only seems.It's actually a classic. All mathematical laws evenly distribute profits among those who already have coins. Those who joined bitcoin later suffer due to the high transaction price.
To be perfectly honest, there are really a lot of altcoins like Ethereum which is more adept for banks. And damn, their devs are that active unlike bitcoin which we have that scaling issue for the last couple of years. But fortunately for us, bitcoin enjoys the support of our community because its really very popular as investment platforms that why the rules have change, from micro-payment scheme as what Satoshi visions it and now its a mode of investment similar to Gold. So yes, it has been outdated, but to overcome it as the number one crypto is a different thing. So I don't know if there will be coins to take its crown or bitcoin will remain the top dawg of cryptosphere.
Bitcoin like gold has a limitation in generation. There is always a demand to save their own by protecting them from inflation, crises, confiscation. But, unlike gold, bitcoin is easier to convert to phiath, storage is almost free and it is more difficult to steal or confiscate. I believe that having such useful properties, and a long time of existence, it will exist for a very long time and will not be replaced by other coins.
I have not found any of these signs will happen at this time. but in the economic world all can happen, including bitcoin outdated by another currencies.
Indeed, in cryptocurrency all can be happen, that's unlikely to be possible. But keep in mind, trust can't be underestimated just because there is a higher quality altcoin than bitcoin. Bitcoin has a large market compared to altcoin, which means many investors have more confidence in bitcoin than altcoin. They (investors) will prioritize investments in bitcoin, after which altcoin will become the second priority. This situation will last long and will even remain the same in the future, its mean bitcoin can not be outdated by another currency. Investors will determine bitcoin be outdated by another currency or bitcoin can not be outdated by another currency.
Bitcoin does look somewhat old-fashioned against the background of altcoins. He first came out and probably was not ready to such growth of popularity. But this only seems.It's actually a classic. All mathematical laws evenly distribute profits among those who already have coins. Those who joined bitcoin later suffer due to the high transaction price.
It seems from my point of view that most altcoins are dependant on the demand and supply of bitcoin in someway if not completely. Just take a look at the market value on a daily basis, have a look at tge top 50 or 100. 90% or more fall and coincide with bitcoin falling a bit in price at tge same time, but when it rises(green)the same 90% or more rise too, what im saying is this is no coincidence. Bitcoin is important and will carry on to be so, Ethereum is another one thats different to bitcoin but worth keeping your eye on. Two coins with potential and massive space for growth still.
That is what happens when most coins even those that have a very high market cap are mostly copies of bitcoin with just some tweaks here and there, that means that there are completely dependent on the performance of bitcoin, very rarely those altcoins are going to move independently only the coins that have a great team of developers working hard every day will be able to move more or less independently of bitcoin and that is not a sure thing just look at ETH a great coin but even Ethereum is unable to move completely independently of bitcoin.
Bitcoin is going 9yrs old, so far no alts surpasses Bitcoin. For 9yrs it remains the king. While Bitcoin is going down, no alts remains strong. All alts are crashing too. This is the best indication that Bitcoin has no replacement.
Apparently, none can surpass it. It is easier said than done for most people who claim they are suffering from higher fees during the huge rally, and wishing for some coins to replace bitcoin. No one is stopping anyone from believing whatever they wish to believe.It is a free world, but it is just annoying when people keep getting the wrong picture and forgetting the main idea why bitcoin will keep being better than any other currency both as storage value and as money. But I am sure that over time people will give up the negative thoughts against bitcoins and start adopting as per what happened in last threes rapidly.
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