Would Bitcoin become irrelevant or remain the King?

carlisle1

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Quote from: project_delta on November 21, 2018, 11:13:45 PM

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

Bitcoin will never become irrelevant thats for sure as blockchain is the best technology EVER made.

But lets give the benefits of the doubt,if ever bitcoin become irrelevant doesnt mean the value will drops badly,this is the most popular cryptocurrency and we can’t take a fact that we will use this currency even how many comes out

drachman

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Quote from: project_delta on November 21, 2018, 11:13:45 PM

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

Those are not the only options, there is a third option in which bitcoin is no longer the leading coin in the market but it is still relevant, however I find that option to be very unlikely and the same is true for the option that you give in which bitcoin becomes irrelevant, bitcoin created this market out of nowhere and only a coin that is many times superior to it could take away its place and I do not see any coin like that.

fasdorcas

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Why would it be just those two options? Does it have to be the king or become irrelevant, is the drop looking that bad for the future ? I mean maybe one day bitcoin and crypto all will prevail from this awful bear year and it all goes up however ethereum goes up higher and takes the number one spot from bitcoin ?

Bitcoin would become say 30 thousand dollars while ethereum is 20 thousand dollars (higher marketcap because of the volume), that doesn't mean bitcoin is irrelevant at all, that means bitcoin is still amazing and doing very well but people would decide that ethereum is just much better and become the king. There are a lot of in between areas for bitcoin to be in aside from king or bust, it can be 10th biggest coin one day, that wouldn't make it irrelevant neither.

Herbert2020

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Quote from: buwaytress on December 01, 2018, 11:44:10 AM

Quote from: South Park on December 01, 2018, 11:02:59 AM

Quote from: project_delta on November 21, 2018, 11:13:45 PM

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

It is not as simple, bitcoin is not only a technology it is also a currency and one of the more important things a currency needs is the trust of the people, if it was not for the trust people have in the US dollar it would have crashed a very long time ago, people trust in bitcoin a lot more than in all the other coins put together so the chances it will become irrelevant are low.

Remember when the sentiment fell after 2014 amd then for the next 2 years when it seemed the dream was over? The argument then was all about "blockchain not Bitcoin". Then we saw the flight of frenzy with altcoins and platforms for dapps, all with superior tech, scalability, tps, etc.

Then 2017 came along and showed, after all, Bitcoin had not become irrelevant. Far from that. It introduced the tech to the masses, sure. But it's uniqueness as a currency, as a new form of money... That's never going to grow old in our lifetime.

you can't call others such as DApps,... as "superior technology" to bitcoin because it is not the same thing, it is a different technology designed to do a different thing. bitcoin is a currency and the reason why it is staying on top is because despite what people like OP think it is still the best decentralized payment system out there.

Clark05

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In the next few years bitcoin remain king and for sure it will recover again and back to the highest price and we will be happy for sure because we earn more money again. We need to trust again to the bitcoin and everyone will get benefits from the bitcoin.

buwaytress

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Quote from: South Park on December 01, 2018, 11:02:59 AM

Quote from: project_delta on November 21, 2018, 11:13:45 PM

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

It is not as simple, bitcoin is not only a technology it is also a currency and one of the more important things a currency needs is the trust of the people, if it was not for the trust people have in the US dollar it would have crashed a very long time ago, people trust in bitcoin a lot more than in all the other coins put together so the chances it will become irrelevant are low.

Remember when the sentiment fell after 2014 amd then for the next 2 years when it seemed the dream was over? The argument then was all about "blockchain not Bitcoin". Then we saw the flight of frenzy with altcoins and platforms for dapps, all with superior tech, scalability, tps, etc.

Then 2017 came along and showed, after all, Bitcoin had not become irrelevant. Far from that. It introduced the tech to the masses, sure. But it's uniqueness as a currency, as a new form of money... That's never going to grow old in our lifetime.

South Park

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Quote from: project_delta on November 21, 2018, 11:13:45 PM

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

It is not as simple, bitcoin is not only a technology it is also a currency and one of the more important things a currency needs is the trust of the people, if it was not for the trust people have in the US dollar it would have crashed a very long time ago, people trust in bitcoin a lot more than in all the other coins put together so the chances it will become irrelevant are low.

gabmen

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Quote from: joshv06 on November 27, 2018, 08:55:24 AM

Quote from: rjsmith on November 27, 2018, 08:21:47 AM

Bitcoin can never become irrelevant ad challenges are bound to happen.bitcoin was the first and original cryptocurrency.i think bitcoin opened the doors to a whole new world of digital possibilities.

Yes Bitcoin is the king of crypto world and it will not become irrelevant because BTC has been recognized and globally accepted by more countries. It is being used as alternate to currency in few countries and few countries have BTC ATM which shows the positive acceptance of bitcoin across the world. So the king of crypto will always be Bitcoin!!

Again when it comes to what will happen and the future of bitcoin, we can't tell for sure. Like this crash that's happening right now. I am one with you with optimistic views for bitcoin but things happen dudes.

lalabotax

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Quote from: project_delta on November 21, 2018, 11:13:45 PM

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

This decline in prices is due to the manipulation of very intentional elements. I think you can find readings in many threads in this forum about what happened in the last few days. for problems not relevant, I think that is your own opinion, because bitcoin remains binding on the market to date.

joshv06

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Quote from: rjsmith on November 27, 2018, 08:21:47 AM

Bitcoin can never become irrelevant ad challenges are bound to happen.bitcoin was the first and original cryptocurrency.i think bitcoin opened the doors to a whole new world of digital possibilities.

Yes Bitcoin is the king of crypto world and it will not become irrelevant because BTC has been recognized and globally accepted by more countries. It is being used as alternate to currency in few countries and few countries have BTC ATM which shows the positive acceptance of bitcoin across the world. So the king of crypto will always be Bitcoin!!

rjsmith

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Bitcoin can never become irrelevant ad challenges are bound to happen.bitcoin was the first and original cryptocurrency.i think bitcoin opened the doors to a whole new world of digital possibilities.

Serious Miner

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No there is no chance to be irrelevant in the future bitcoin is a popular alternative digital currency it plays a vital role in making payment for different types of transactions. Bitcoin will remain the king whatever the situation is it really doesn't matter bitcoin will fight back soon just be patients and hold guys.

sinkfish

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eventually bitcoin will be thing of the past. that will be another 20-30 years at least. for now bitcoin still be king.

Herbert2020

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the main problem with people like OP is that they are brainwashed by the altcoin advertisements. they keep blaming the hardcore bitcoiners who are blind to everything else while they are blinded themselves. and meanwhile the same altcoins that have brainwashed them have zero innovation! they have changed a bunch of small things to create their altcoin and then pretend to be better Cheesy

Naughty Princess

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Quote from: oppasong on November 21, 2018, 11:53:00 PM

bitcoin does not mean that it is not risky, but basically bitcoin is decentralized so what happens now with the price of bitcoin is decreasing every time everyone thinks that bitcoin is not useful but we have to look positively about the crypto world.

I agree. Bitcoin is remain popular and king even it falls really hard, the price remain expensive among other coins. I believe that it is useful to hold and look positively that cheaper price is an opportunity to have more volume. I believe that it would recover soon and bullish in the market again.

Vickyrichy

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Quote from: project_delta on November 21, 2018, 11:13:45 PM

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

I believe you basically don't understand how Bitcoin operates. PLease you need to read the whitepaper of Bitcoin, with that you will understand some basic concept. Bitcoin goes beyond its market value. Don't be worry about the drop of its market value, its just a phrase of Bitcoin's transformation.

Andam76

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bitcoin will still be the parent of Cryptocurrency ... the current decline in bitcoin prices does not mean that bitcoin is irrelevant ... in the crypto world prices are fluctuating so there is nothing to worry about it

jhanson

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the future is uncertain and I do see bitcoin falling. however value is determined by scarcity and demand. Does that mean btc is going anywhere? don't think so imo

Bountyhonter

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Bitcoin will still remain the king of Cryptocurrencies, everything has it's own problem it's left for you as an individual to decide if you think it's use overweighs it's problem or not

FedorIzmailov

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nothing will happen because bitcoin will be supported and in the future it will develop and conquer new heights

Topic: Would Bitcoin become irrelevant or remain the King? (Read 869 times)