Topic: Will the bitcoin be outdated by another currency? - page 52. (Read 5719 times)
One thing that bitcoin is very expensive because of its limited supply, the first crypto coin and the highest circulating supply in the market. However when it comes to usability, there are tokens that are highly revolutionize to make it more efficient to work in specific field, we may describe as bitcoin is outdated because the sprouting coin are gaining improvements from the first crypto currency exist.
Nice one mate! Unfortunately, people have always gotten the wrong picture most of the time, while thinking bitcoin is just a way to make quick money based on its value as an asset and then forgetting that bitcoin in itself is money and a safe haven for those who have been terribly ridden by the fiat system
Those who understand the blockchain technology very well and the true ideas of satoshi will know that bitcoin is irreplaceable, and I guess some who forked out already got the picture by now.
Yeah bitcoin is another dimension this a money in which it is unique aside from a crypto currency it is an asset in which you can put your resources on it as an investment. Which is versatile and you are in control of it, and it is a p2p transaction were there is no third party involved. Those who understand the blockchain technology very well and the true ideas of satoshi will know that bitcoin is irreplaceable, and I guess some who forked out already got the picture by now.
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 agree, bitcoin is leader of alts. when bitcoin is going down, no alts remains strong, they 're going down too. so, in my opinion bitcoin is the best of alts.
Right now, no other currency can match bitcoin and they wouldn't be in near future.
Nice one mate! Unfortunately, people have always gotten the wrong picture most of the time, while thinking bitcoin is just a way to make quick money based on its value as an asset and then forgetting that bitcoin in itself is money and a safe haven for those who have been terribly ridden by the fiat system.
Those who understand the blockchain technology very well and the true ideas of satoshi will know that bitcoin is irreplaceable, and I guess some who forked out already got the picture by now.
Those who understand the blockchain technology very well and the true ideas of satoshi will know that bitcoin is irreplaceable, and I guess some who forked out already got the picture by now.
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 .
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 also think the same. You are right, bitcoin cannot be compared to any social network since it is a currency. Bitcoin is the pioneer among all crypto. It will never be obsolete and never be outdated by another currency. Its value affect other coin's value. 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 figure it would be hard for different cryptos to supplant or to obsolete bitcoin. Bitcoin originates from a long keep running for very nearly 10 years now and it is the pioneer of all cryptos, it's cost is clearly higher than some other cryptos, and a standout amongst the most favorable circumstances of bitcoin is its decentralization which is tremendously favored by financial specialists not at all like different cryptos out there which is incorporated. This are some of numerous focal points of bitcoin that would be difficult to achieve/go by different cryptographic forms of money. In the event that different coins out there would need to outperform bitcoin, at that point they ought to resemble bitcoin with much better favorable circumstances.
Bitcoin is cash, the estimation of cash is based on certainty, custom and security, characteristics that Bitcoin offers effectively. The relationship amongst Bitcoin and informal organizations is totally mistaken, individuals believe that Bitcoin is a myspace that will be supplanted by facebook. For reasons unknown Bitcoin is cash and not an informal organization, so this correlation is totally off-base.
Bitcoin is cash, the estimation of cash is based on certainty, custom and security, characteristics that Bitcoin offers effectively. The relationship amongst Bitcoin and informal organizations is totally mistaken, individuals believe that Bitcoin is a myspace that will be supplanted by facebook. For reasons unknown Bitcoin is cash and not an informal organization, so this correlation is totally off-base.
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.
If every price will continue to go up and go down when Bitcoin is heading those directions, then I don’t think there is any possibility that any of them would be able to take over the lead or outdated Bitcoin. Bitcoin being the first to be in the market already sets it as the number one. It will be very difficult for any other cryptocurrency to remove Bitcoin from that position. 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 dont think that is going to happen,but we got to recognize that there is a small chance of that happening because bitcoin even if it is simple and great it is not perfect. Anyway one thing is for sure, Bitcoin is going to remain the king for a long time because it is its place. Every time a new person get involved with cryptocurrency world he firstly hears about bitcoin and probably buy it first because he can use bitcoin further on any exchanger to buy other coins or exchange it for cash. So everything starts with bitcoin and it gets more popular everyday. Also shops are more likely to accept bitcoin as a payment method rather than ethereum or another coin because the system is different and it also sounds better. What I have noticed is that bitcoin always is in the top even after a big crash because the whole market moves up and down in the same time with Bitcoin so there couldn't be any major growth of another coin without Bitcoin.
I don't find any similarities between BTC and social networks and I don't think this is the case. But the important thing now is that people should not consider Bitcoin as a property. We can see this attitude through governments implementing taxes on storing cryptocurrencies and through people buying and selling BTC like crazy. All of this lead big leaps in prices and high volatility. If people want Bitcoin to be a currency they should stop treating it like something else.
It has been a crazy attitude that most people, especially newbies have imbibed. Ask most people now today, they have seen bitcoin more of an asset than a currency and this is the reason why it has become so speculative that so many FOMOs just always want to get greedy most of the time.I also see a lot of people coming up with the replaced by theory and forgetting so soon, that those coins they are trying to compare bitcoin with have not been used on a large scale yet and even when Ethereum did with cryptokitten, we all ended up seeing the real picture. We really need to accept the real value lurked in bitcoin not just as a speculative asset and that would make more sense.
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.
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.
If every price will continue to go up and go down when Bitcoin is heading those directions, then I don’t think there is any possibility that any of them would be able to take over the lead or outdated Bitcoin. Bitcoin being the first to be in the market already sets it as the number one. It will be very difficult for any other cryptocurrency to remove Bitcoin from that position. 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.
Others speculate so as well because pf how popular etherium is becoming. Others think that some day will come when etherium will actually surpass bitcoin because of its aspects that are better than bitcoin’s. Some even claim that btcoin will eventually die because of the many altcoins and competition being created. Bitcoin has slowly become outdated because of its high transaction fees and long confirmation times, and people say that this is what would eventually kill bitcoin.
Ethereum's aspects? The only point of usage it enjoys and thrives on is the booming ICO market. If we look at how governments are tightening their regulatory framework, Ethereum might be up for some harsh times.People have been complaining about Bitcoin for years, but they still are using it because there is no better alternative. If altcoins were really that much better, there would be a shift happening, but there isn't.
Bitcoin is the first of the first and people value that, where the network speaks for itself as well. Altcoins have earned their place in this market, but as a separate lower division. Bitcoin is on top and will remain there until the end.
Well maybe BTC will compete a lot with other coin. BTC can not be the first coin in the market. I think in the next 5 years, BTC will be lower than ETH and NEO. Now some of the coins are trying to develop useful uses for consumers and attract investors.
Others speculate so as well because pf how popular etherium is becoming. Others think that some day will come when etherium will actually surpass bitcoin because of its aspects that are better than bitcoin’s. Some even claim that btcoin will eventually die because of the many altcoins and competition being created. Bitcoin has slowly become outdated because of its high transaction fees and long confirmation times, and people say that this is what would eventually kill bitcoin.
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.
it seems that it will never happen because I think bitcoin is a very good con and not only that saa bitcoin has received a lot of payments and bitcoin is also very transparent movement makes bitcoin difficult to be replaced with another coin. yes you are right I like the words you buy as much bitcoin as you can.
As the saying says "there is no FOREVER" and i believe in that sooner or later new technologies will be invented, new type of cryptos that are more usuable and better for the masses than Bitcoin or any other crypto that we have or using now then that is the reason how Bitcoin can be outdated by another currency in the future. This is my opinion only. Have a nice day.
Interesting food for thought, good question. Things have value because people say they do. Things are worth $X because someone is willing to pay $X for it.. the same is true for Bitcoin (price manipulation aside). However, I don't think you should be so hasty to go "all-in" on Bitcoin and think that nothing could or will ever surpass it. Bitcoin sparked the digital cryptocurrency interest and attention worldwide, and has remained arguably king ever since, but that doesn't mean it can never or will never be surpassed. Time will tell. In the meantime, take your own risks of course, and consider the possibility of "backing multiple horses", perhaps? That way if Bitcoin gets surpassed in the near-to-mid future, great, you accounted for the possibility; if not, great, you have enough Bitcoin to be satisfied with that decision as well.
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.
I agree with your opinion. The simplicity of bitcoin makes it more popular. The features of bitcoin is normal and it can easily adapt and learn by anyone. Bitcoin will not become outdated, it will always be the first in cryptocurrency not because it was the king, but many people are in touch with bitcoin than any altcoin.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.
Bitcoin has a great number of people, a lot of transactions are been made in a few hours. That's the reason why it has high fees but when the LN goes along the way, it will be the time that the transaction fees will getting low and process will getting fast.
Well maybe BTC will compete a lot with other coin. BTC can not be the first coin in the market. I think in the next 5 years, BTC will be lower than ETH and NEO. Now some of the coins are trying to develop useful uses for consumers and attract investors.
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