The real answer is we do not know. Some people are already switching to altcoins because of the transaction fees, it is really expensive. As your example Yahoo was defeated by Google, Nokia and Blackberry was defetead by Samsung and Apple. These giant companies that crumbled because they did not innovate.
I really hope that Bitcoin stays on top but remember that there are other coins there that are for innovation.
Topic: Would Bitcoin ending up like Yahoo in the future? - page 10. (Read 13089 times)
Yahoo was the first (?) search engine at the time when Internet started. It was the pioneer in its field. In the late 90's its market cap reached to a high closed to $120B. Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
In every business theres always a competitions,even in the real world,in jobs or in technologies there were also competetors,anywhere at anytime there is competitions its up to you on how to make a strategy to make your business or job to survive,but in technologies we cant predict anything because what can make bitcoin much stronger today is its popularity..its believers,supporters,investors..we as a bitcoiners were responsible of bitcoins fuctuations of prices if we stop believing on bitcoins then most probably its will dump as early as we dont expected. After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
Maybe if the fees getting higher and higher it should be useless currency
i dont think so, it will be source of money, in partnership, developing etc.. i see the future
Things come around, life sometimes is at its highest and sometimes at its lowest. Well, in my opinion there are lots of possibilities, as of now bitcoin is a pioneer we can say that bitcoin ain't have competitors but when the time comes things will go around bitcoin might be on top or the competitors are on the lowest. This thing will happen in the work of the one who runs bitcoin. Well, it is a strategy to outstand your enemy, one fail move then it is your loss.
Yahoo was the first (?) search engine at the time when Internet started. It was the pioneer in its field. In the late 90's its market cap reached to a high closed to $120B. Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
I doubt. You can't buy-out all bitcoins in one go. That would be ridiculous. Bitcoins will have competition but the fact that no one owns bitcoins, this already invalidates the analogy. However, if the price or for some reason a competitor outshines bitcoins, then the possibility of it occuring to bitcoins is high. As of now, we cannot have any evidence that competition is rising since bitcoins are still king today.
In the cryptocurrency market, there are many potential altcoins, altcoins have good platform as Ripple, Digibyte, Monero, Ethereum ... but the price are below the clone coin or other cryptocurrencies as Litecoin, Dash, Bitcoin Cash ...
According to my bitcoin will not experience the same thing happened at verizon and yahoo. bitcoin has very high exchange rate to the exchange rate is very high we will be able to see the progression of the bitcoin with very rapidly in the future . In addition the times will support the progress of the bitcoin, because bitcoin is a very useful means of payment and secure to Transact online.
No I don't agree with your example since you've manipulated the exact situation for each case. How is the link between innovative bitcoin and yahoo thing?
Yes,you are right bitcoin can end like yahoo things
amake sense, anything possible tho, but i dont have any idea what kind of coin will be the lead and take over bitcoin, to take over bitcoin you need better alogarithm faster transaction time and cheaper fees
Everything is possible. The development of human society will eliminate some backward or unsuitable things in the process of development. Therefore, it will not be eliminated or eliminated only by continuous improvement and development
Yahoo was the first (?) search engine at the time when Internet started. It was the pioneer in its field. In the late 90's its market cap reached to a high closed to $120B. Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
After 22 years, Verizon bought it for $4.8B. Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?
What do you think? Please provide your reason(s) to support your view.
I doubt. You can't buy-out all bitcoins in one go. That would be ridiculous. Bitcoins will have competition but the fact that no one owns bitcoins, this already invalidates the analogy. However, if the price or for some reason a competitor outshines bitcoins, then the possibility of it occuring to bitcoins is high. As of now, we cannot have any evidence that competition is rising since bitcoins are still king today.
I have no idea that yahoo would end up in the future, so the same with bitcoin that it also ends. But we dont know, we know anything is possible speciallt in this business world.
It is possible, perhaps in the near future not many will shake btc throne
But a few decade from now there might be one
Btc is to expensive now regarding its trx fee, and its processing time is too long compared to newly invented coins
But a few decade from now there might be one
Btc is to expensive now regarding its trx fee, and its processing time is too long compared to newly invented coins
It was quite scary two weekend ago when BCH was half the price of BTC and it had huge amount of transactions waiting to be processed in the mempool as BTC hashrate went down.
BTC's average transaction fee went up as high as $15 per transaction. It was difficult to see that happened. Would this happen again?
BTC's average transaction fee went up as high as $15 per transaction. It was difficult to see that happened. Would this happen again?
There is a possibility that this will happen. All creations, in general, are not immutable. They can all be changed in time when it is no longer at par with times. Thus, in order to stay long in the league, one must be capable of adapting to change and be steadfast! Otherwise, when times change and one remained the same, people will no longer find your service sensible or efficient for that matter, rendering you obsolete in this day and age.
I think so. Let say some happen in future, Bitcoin users has been growth rapipdly.
many transactions that creates every day, it could be a miner pool will be got many problem to speeding up process of confirm every transaction. addition default cost for each transaction charge more high. it is not impossible that this technology will decline and people will switch to another suitable finance system which can faster to processing and of course charge for cheaper cost.
Nothing can keeps its power forever, Bitcoin is also a currency normally, it can replaces by other currencies in someday if Bitcoin does not have power enough to supply all users. many transactions that creates every day, it could be a miner pool will be got many problem to speeding up process of confirm every transaction. addition default cost for each transaction charge more high. it is not impossible that this technology will decline and people will switch to another suitable finance system which can faster to processing and of course charge for cheaper cost.
Recently, I always use Ethereum for my transaction because the time to get confirmation through Ethereum faster than Bitcoin a lot, just 1-2 minutes.
Some web wallets believe that Ethereum has the ability to process transactions such as bitcoins, with faster transaction processing. this certainly benefits the user Ethereum .
The short answer is no, bitcoin has a very good community, they are continuously supporting the development of bitcoin even though they are underestimated at first. But now all that is proven, bitcoin is the strongest virtual currency in the world.
I doubt this very much because I do not see a single prerequisite for this
Never . Bitcoin is increasingly attracting investors and will soon be listed on the world's largest trading platform. In the future we can see the development of Bitcoin and there will be many new communities born in this market.
bitcoin will not end, because we've all seen a lot of people joining into bitcoin. with that bitcoin will not end ..
bitcoin prices are always high, and we will benefit a lot if we invest
bitcoin prices are always high, and we will benefit a lot if we invest
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