Topic: Would Bitcoin become irrelevant or remain the King? - page 2. (Read 869 times)
There is no way that BitCoin will ever be irrelevant. It will always be the primal and crypto that others are compared to. It is completely understandable that the newer crypts have other benefits and that are technically better, but it is the fact that none of them will have the impact BitCoin has. It will never be another crypto that will be spread and has influence as BitCoin.
Bitcoin surely will still remain as it is the standard to which all altcoins will be referenced to unless there's a means of buying altcoins via fiat and vice versa without going though Bitcoin.
I've been doing a bit of reading around. Bitcoin was the first and original cryptocurrency. Although it improves with every update, it still has a way to go to evolve to being what as cryptocurrency truly is. We have to way till the cryptocurrency evolves to being the currency it was truly meant to be. Faster, smoother and more user friendly. And this will happen. It's happening.
Talking about algorithms will never be finished because technology will always develop. Moreover, technology created as financial services. then it must renew security at any time. I agree to renew the bitcoin core, though in principle it must be maintained. Hardfork is not the solution to renewing technology, because they are very different and have other interests. I think no one can shift bitcoin as the most popular cryptocurrency because bitcoin still has a large community.
Not one currency has ever come even close to taking Bitcoins place and you think that Bitcoin will become irrelevant? Try tracking the price of the whole market, you will see that when Bitcoins price falls, every other cryptocutrency will fall in price. Also, the fall in price is irrelevant because the whole cryptoccurency market recently fell in price.
There is a constant attempt to make Bitcoin look irrelevant, but these attempts always fail miserably. When BTC falls, the whole market falls, so Bitcoin isn't losing price because another currency is rising and becoming the favorite one. Maybe some developers think they can defeat Bitcoin this way, dumping BTC and pumping their AltCoins, but it never really happens.
And I believe it will continue this way for a long time yet. Bitcoin is King and even not being perfect it has plenty conditions to rule the market with excellence, providing an awesome experience for all its users.
And I believe it will continue this way for a long time yet. Bitcoin is King and even not being perfect it has plenty conditions to rule the market with excellence, providing an awesome experience for all its users.
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!
If you see that the price of other coins were more when compared with the price of bitcoin which is a sign that bitcoin is still king at this long bearish run.Most of the projects were just copying the idea of already existing coins so which may not bring anything new here even if some coins were created it will not be so easy to get recognized as bitcoin and taking its crown.What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!
It is already recognized the bitcoin is the pioneer of cryptos, but saying that new projects may not bring anything new is unfounded. If you carefully read the whitepaper and even articles about new exchanges, you will be surprised to discover how much these alternative cryptos can offer. Didn’t cryptos rise initially as free market tools? The Virie Market, for example, offers a distributed exchange network with escrow system. It can actually represent the new generation of what bitcoin started. I think Bitcoin opened the doors to a whole new world of digital possibilities.
I see the potential of bitcoin to remain high and bitcoin can become the king of crypto coins. so no other words than bitcoin still has the potential to grow high in crypto
I think Bitcoin's problem would be to always cost over $ 20-30K. No one could invest in Bitcoin at those permanent prices. Bitcoin has no problems. Bitcoin crosses a normal stage. It's a whale marketing strategy. Bitcoin's story clearly shows us this. The previous bearish market is much worse than what we see now and yet people have not abandoned the bitcoin. BTC is a well decentralized currency and will not die so easily.
It is not just about algorithm, it is not about how great bitcoin is. It is how useful bitcoin can be. That is all that matters as much. Consider a very good coin and name them, there are too many having just the same function or use as bitcoin, but who uses it? Without usage or a real application it will become useless. Relevance would only count on these ideas.
None of these coins solve the adoption problem, they compete to its perfection but I think the biggest problem is its utility which I believed solve by platforms already. Bitcoin still can remain king because of its limited supply and widely known everywhere that when people think of crypto its bitcoin that comes in mind. It will be the king still even when confirmation could take hours.
bitcoin will still be the best at its function. even if there are new coins that offer better technology, it is not a setback. this is a good sign that more and more people are interested in developing blockchain technology in crypto. bitcoin is a reference because it is the first digital coin found. and I think people will still believe in bitcoin at any time.
There is of course always room for improvements, considering the wealth of experience and expertise in the cryptocurrency sector.
Bitcoin has a clear lead at the moment. And it can still be improved, same with other technologies. I don't see Bitcoin becoming irrelevant in the near future, or distant future to that effect.
Bitcoin has a clear lead at the moment. And it can still be improved, same with other technologies. I don't see Bitcoin becoming irrelevant in the near future, or distant future to that effect.
I think Bitcoin will continue to be king at any time, because BItcoin is the first digital coin to experience great success, so many other Altcoins are following it, and the current Bitcoin price is decreasing is normal, because we know the price of Bitcoin from first listed in the price exchange market is always up and down, so I still have a positive outlook on Bitcoin.
I see bitcoin becoming just an investment soon because I can see many other altcoins trying to overtake bitcoin. More and more coins are on the way to replace bitcoin power.
Everything has to end one day. The same applies to Bitcoin too. That being said, I think Bitcoin will still remain the king of the cryptocurrency market and is not going to end anytime soon. I know it has many problems but it enjoys strong support of its community. The Bitcoin enjoys the faith of the investors and has maintained its first position since its launch. I don’t think it will be easy to dethrone Bitcoin from its position.
Nothing is 100% accurate or problem free so bitcoin also have some problem but this is not a big deal because bitcoin has a lot of advantages and positive sides where its minor problem is not countable. So there is no chance to be irrelevant but it will always be relevant remain the king.
Bitcoin had already set a pace for which others are following, and so far, none has even come close but, should eventually any coin surpasses bitcoin (Which I find very unlikely, at least not for the nearest future), Still bitcoin wouldn't become irrelevant and will still always be reference point for how the whole cryptocurrency came into play.
As for the price fall, that has nothing to do with bitcoin dying or becoming irrelevant; It is all due to the big players at their game, it will all be over soon.
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The price drop isn't showing that great either!
As for the price fall, that has nothing to do with bitcoin dying or becoming irrelevant; It is all due to the big players at their game, it will all be over soon.
In this current falling state of bitcoin there is no competitor and i am very optimistic thaat bitcoin will continue to rule as king of cryptoand nothing or no a;tcoin can render it irrelevant. It the best coinnand still impacting lives.
I believe so. But all positive people with bitcoins are telling each other that bitcoins will die, dropping to 1k. These are the opinions I deem wrong, myths and BTC will prove that it's wrong in early 2019, I believe in Bitcoin
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Bitcoin is the only real crypto, well you can cound on Ethereum, too, but please don't compare them with any alts.
Ethereum is an unscalable network that has not reached, and will never reach its goal as a "world computer". There is not one useful "DAPP" running on it, and there is not one strong and healthy decentralised system created.
Newbies should know this.
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