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 I think Bitcoin will not be outdated.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.
Topic: Will the bitcoin be outdated by another currency? - page 51. (Read 5719 times)
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.
I would agree with you on this. I started to think that maybe Ethereum will replaced bitcoin on the top spot with regards to market capitalization. But with the current situation with ether and bitcoin i don't think ether can overtook bitcoin's place in just a short period of time. 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 I think Bitcoin will not be outdated.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.
In the cryptocurrency world, nothing can be predicted and anything can happen at the speed of light. If there ever is a cryptocurrency invented and presented to the community which is indeed better, faster, safer than bitcoin and the community does like it, then it is possible that it gets replaced by that coin. As it totally depends on the community on what they choose and their collective response and action would result in bitcoins future ranking and its survival. Considering the advantages of some altcoins, if a coin has everything the community demands, then definitely there are chances of bitcoins replacement.
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.
As all the crypto currencies are interrelated with respect that all have some same characteristics, on other side bitcoin is the found of all the other crypto currencies therefore we can expect that if the bitcoin price is getting down, it will surely impart some bad effect on the price of other altcoin, but still i think that bitcoin price is not expected to fell down anymore therefore we are not going to seen any panic in crypto market.
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.
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.
We cannot deny the fact that there is a possibility that it will beat by another currency
No, Bitcoin can never be replaced by any other cryptocurrency. First of all, Bitcoin was the first of its kind. It will always remain original digital asset. This fact alone makes it all the more valuable. Second, Bitcoin can be easily upgraded. Any new functionality which is provided by any Altcoin can be added to Bitcoin also, as long as it does not affect its decentralization. Third, there are satellites broadcasting the network to the world. This means anyone can participate in Bitcoin without relying on internet functioning.
Even at dump price, bitcoin still leads the cryptocurrencies. In fact, as you can see what is happening on its price affects the market price of the other coins. Bitcoin is standing strong that I strongly believe that it can never be outdated by another currency. It is not going to be that easy. Eth is next to bitcoin but their prices are way too far. This shows how big bitcoin from the other coins and that even Eth will not replaced bitcoin at its place.
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.
bitcoin is an investment asset. This has no influence at all against the double value of the currency. Crypto will simply be compared with crypto and that's what will be experienced bitcoin. bitcoin will only compete with other areas such as Crypto most approaches is ethereum.
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.
Yes I am agree with your opinion since bitcoin is still the strongest cryptocurrency in the crypto world and some altcoins depends on bitcoin where bitcoin decrease and other altcoin also go down. I think bitcoin will be more secured. So as you said it is better to buy now because it is the perfect time to buy bitcoin because of its 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.
Bitcoin is the popular currency and no one can challenge the features of this currency but some time the people get worried that bitcoin price is falling regularly but those who are expert of these currencies they take the benefit from this and they invest in these currencies to get the high value in the future and this make sure that bitcoin have a good future and no other coin will take the place of bitcoin .
No altcoin has the potential to take the place of bitcoin. It was at the top, it is and will remain so forever. It has the largest community of supporters and is mother of all digital currencies. Paper money is also a loser in front of bitcoin. It provides the best features and due to the large amount of profits, mostly investors wish to have this crypto coin. It is the top priority of everyone. Of course no one knows what the future holds, but Bitcoin is the most established and pioneer. I have faith in the future of Bitcoin
Same I do I have a lot of faith for bitcoin I know the price of bitcoin will increase within few months but we will have to hold our bitcoin with patience, bitcoin is the most popular currency right now it cannot ever be replaced by any other currency, as much bitcoin is increasing and getting more power because there are a lot of chances for bitcoin to be legal this year in my country, Japan and south Korea has already done this act of wideness of bitcoin, so no currency could every dare to overcome bitcoin. 
Bitcoin is different from all . Above that bitcoin is popular of all and that is why replacing it will be a hard nut tob crack . Bitcoin is very easily understandable and does not come up with those difficult words that all other currencies state s. Moreover , i don't think that bitcoin is ever compared to social networking . Social networking is a totally different subject and platform.
I think it will be difficult and will never happen to bitcoin can be expired because of the existence of other currencies as well as by new coin coins. because bitcoin is a lot of interest in this world and bitcoin is also one of the benchmark price of other coin coins. so bitcoin is very difficult can be outdated
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.
You are correct in your analysis and I will add that bitcoin cannot become outdated for the simple reason that the developers are working on it all the time, many people make the argument that bitcoin is old technology not realizing that is simply not true, bitcoin is being renovated all the time, just last year the developers were able to activate segwit which has somehow alleviated the problem with the fees and now they're working on the lightning network and when they finally are able to activate that, the problem with the fees will be a thing of the past. 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 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.
Apologies, but i don't understand how these Altcoins directly and specifically outdated Bitcoin? Even just to equal the market price value is already a huge difficult for them how much more with by just principles? To think Bitcoin has no commodities to promote unlike the Altcoins in which they need to work hard just to promote their products then how much more if the coming social media and Google site are going to start the banning of ICO? So i say, to obsolete Bitcoin is very impossible because of the strong foundation of trust and confident that already build within the people.
Indeed. It is often called as gold of crypto currency but I also dont agree upon that. It is not any kind of store value but it is itself a currency which can outperform all other types of assets, fiat currencies, and values. The bitcoin however has given the wrong direction in the long run of decade. The currency is getting form of store value and people think that it will grow automatically with the time. The problem is it wont grow unless and until people make the use of it and by that I mean it should be used as utility token so that it can stay liquid and move here and there to give it more value and reasons to believe in it. If we do that then new people will get to know it in different manner and also they will see start looking at it as currency finally.
I have never dreamt of this happening in this century unless where another originator purposes and start a new technology in its entirety where I even doubt whether it can place Bitcoin to be outdated. Bitcoin has a lots of attributes and concept that 80% of the world populace had even yet to tap to their benefits. Coincisively, that era is very much doubtful.
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