Would Bitcoin ending up like Yahoo in the future? - page 27.

stompix

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Quote from: Betwrong on June 24, 2017, 04:54:33 AM

Quote from: Bitcoin Guy on June 15, 2017, 08:43:36 AM

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.

I don't think we should compare the two. Like you said, Yahoo was bought for $4.8B, but who and for how much can buy Bitcoin? If anyone attempts to do it the price will sky rocket and they will run out of money long before they can acquire even 50%.

I think Bitcoin is more like Facebook: there are a lot of social networks around, but Facebook is still number one.

And there we have it another logic failure.
You say bitcoin is not like Yahoo but you give another example of a same type of company.
You think people can buy Yahoo but not Facebook? why?

And the second part is even funnier.
What if everyone would want to buy a share of yahoo? What do you think it will happen to the price?
Let me tell you a secret , it will act juts like the bitcoin price because those are the laws of offer and demand.

Comparing bitcoin with either facebook or yahoo or youtube or bing is plain stupid.

FasTroy

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Quote from: JimmieA on June 24, 2017, 06:52:28 AM

It is a mistake to think that you can say in the future, but there is a thing we must admit that btc will not be able to disappear like yahoo or whatever did , why do I say that? It's easy to recognize ... because nowadays, countries and companies are getting used to btc, so btc will grow and not gradually disappear.

Your point of view is correct. Nowadays, bitcoin is one of most successful things in the whole world. Lot of people use it every days.

So the chance of the ending up like yahoo is impossible. This is the era of cryptocurrencies.

Gunawan82

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I think different, what has been achieved by bitcoin all this time
I hope what happens with yahoo does not happen with bitcoin.

Meraki

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Quote from: Bitcoin Guy on June 15, 2017, 08:43:36 AM

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.

Thats a very sad story i remember when i was in elementary i used to search at yahoo, but now yahoo is just a use for e-mail Sad

as per the question that is possible in the future because no one knows what will happen maybe there will be a coin that would replace the bitcoin.

yellow1

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I think no, yahoo and bitcoin is differ, because bitcoin is were people earn and bitcoin is a currency. Bitcoin is will not end therefore its better and become familiar. I think its much stronger because many people wants to invest in bitcoin and investors. No one predict the future but its impossible to happen in bitcoin that just like happened in yahoo. Because bitcoin has a potential and to become famous. Bitcoin is become a currency because on its familiar. We all see the future of bitcoin. And bitcoin is become familiar because many people will go bitcoin and interested especially investing and earn money.

JimmieA

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It is a mistake to think that you can say in the future, but there is a thing we must admit that btc will not be able to disappear like yahoo or whatever did , why do I say that? It's easy to recognize ... because nowadays, countries and companies are getting used to btc, so btc will grow and not gradually disappear.

Betwrong

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Quote from: Bitcoin Guy on June 15, 2017, 08:43:36 AM

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.

I don't think we should compare the two. Like you said, Yahoo was bought for $4.8B, but who and for how much can buy Bitcoin? If anyone attempts to do it the price will sky rocket and they will run out of money long before they can acquire even 50%.

I think Bitcoin is more like Facebook: there are a lot of social networks around, but Facebook is still number one.

nethan1btc

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Quote from: eann014 on June 24, 2017, 03:01:53 AM

Maybe bitcoin will not going to end up like Yahoo because for me Bitcoin is really helping a lot of people nowadays and we are earning with this because of the value of the bitcoin is really good. So for me, I don't think bitcoin will end up like that.

Yes thats true bitcoin will not end up like yahoo, because it's always gaining it's demand from people who wanted bitcoin investments. We could not compare btc to yahoo website lossing their grip and their user decreases due to demand of website access. With bitcoin nowadays the users were increasing eventually and that's been affecting the good price value as well as to be more profitable.

eann014

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Maybe bitcoin will not going to end up like Yahoo because for me Bitcoin is really helping a lot of people nowadays and we are earning with this because of the value of the bitcoin is really good. So for me, I don't think bitcoin will end up like that.

YuginKadoya

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Quote from: cotton ball on June 24, 2017, 01:48:50 AM

Quote from: boyptc on June 23, 2017, 11:16:11 PM

Yahoo is way different to bitcoin. Comparing money to a service or website. What do you think about US dollar before it has been in America for years and it's completely far from being replaced up til' now. And in bitcoin, no it's not going to be overtake or being replaced or sink in the future. Bitcoin is very strong.

Op compares bitcoin with yahoo in terms of system innovation and technological developments, whether bitcoin innovation is moving slowly or not because many altcoins like ltc and so continue to spin very quickly. The global industry will really compete in this, and will only produce 1 winner in the crypto world. If bitcoin is only satisfied with the current system, then bitcoin will not be anything in the future.

Yup! I agree he just use yahoo for reference that yahoo was overtake by google now and I think google had made a real job in making innovative step, but I think that bitcoin can not be overtake by some mere Altcoins though even if Ethereum right now was going for the $500 dollar mark it is still way below bitcoin's movement you can really see the fact that no doubt bitcoin will not go the same fate as yahoo.

cotton ball

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Quote from: boyptc on June 23, 2017, 11:16:11 PM

Yahoo is way different to bitcoin. Comparing money to a service or website. What do you think about US dollar before it has been in America for years and it's completely far from being replaced up til' now. And in bitcoin, no it's not going to be overtake or being replaced or sink in the future. Bitcoin is very strong.

Op compares bitcoin with yahoo in terms of system innovation and technological developments, whether bitcoin innovation is moving slowly or not because many altcoins like ltc and so continue to spin very quickly. The global industry will really compete in this, and will only produce 1 winner in the crypto world. If bitcoin is only satisfied with the current system, then bitcoin will not be anything in the future.

boyptc

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Yahoo is way different to bitcoin. Comparing money to a service or website. What do you think about US dollar before it has been in America for years and it's completely far from being replaced up til' now. And in bitcoin, no it's not going to be overtake or being replaced or sink in the future. Bitcoin is very strong.

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Quote from: Gintama214 on June 23, 2017, 10:25:12 PM

Quote from: Bitcoin Guy on June 15, 2017, 08:43:36 AM

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.

There are possibilities that as you said that it will happen, there are no impossible in this world we live in but in my opinion bitcoin is different many people depend on bitcoin and bitcoin was the very first that cryptocurrency that came out. It is hard to predict if that will happen but there is a possibility on it but the chances are low because as we can see in market cap other coins are increasing but not as like as bitcoin, ETH is incredibly increasing but so as bitcoin so its hard to know if it will happen or not and when it will happen. For yahoo, yes it was at highest point when google was still not discovered but yahoo and google are search engines they are not cryptocurrency that many people can invest on them. Unlike bitcoin many people can invest even if your not rich and high but we don't know the future and who knows what will happen we just gotta wait see. Wink

Yahoo overtakes by google same with friendster to facebook, those were web pages in different purposes that can easily change too since there are more sites that can be a substitute to them, same with Bitcoin as a cryptocurrency and with ETH or any other alts, this cryptocurrency have lots of benefit financially in diff. value which is hard to replace easily since theres something to risk not only our accounts but we have investments or savings on it. But still we can't tell what may happen.

Jherek

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Quote from: Bitcoin Guy on June 15, 2017, 08:43:36 AM

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.

No. The main thing i think is that there are essentially nothing common in between bitcoin and yahoo. Yahoo is a search engine and every business decision is made by the CEO of the company, or other executives. But bitcoin has no "central authority". If one person decided to produce a hard fork of bitcoin, they are free to do so. however, the community can choose not to use it and let it die out.

I think you're suggesting here that Ethereum will overtake bitcoin. In this case, no. Google was successful because it solved problems that yahoo had, like a cluttered interface. But EThereum is just as divided as bitcoin, if not more divided with an active hard fork of ETC. Plus, network congestion right now is worse than btc as well.

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Quote from: Bitcoin Guy on June 15, 2017, 08:43:36 AM

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.

There are possibilities that as you said that it will happen, there are no impossible in this world we live in but in my opinion bitcoin is different many people depend on bitcoin and bitcoin was the very first that cryptocurrency that came out. It is hard to predict if that will happen but there is a possibility on it but the chances are low because as we can see in market cap other coins are increasing but not as like as bitcoin, ETH is incredibly increasing but so as bitcoin so its hard to know if it will happen or not and when it will happen. For yahoo, yes it was at highest point when google was still not discovered but yahoo and google are search engines they are not cryptocurrency that many people can invest on them. Unlike bitcoin many people can invest even if your not rich and high but we don't know the future and who knows what will happen we just gotta wait see. Wink

RedditMaster

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I have been thinking a lot about this. What is the likelihood there WON'T come a coin with better technology, a cooler name (although I must admit, Bitcoin is pretty cool... so is Yahoo...), easier to get started with... I don't know. At the same time, We are still at the beginning of the crypto bubble, so to speak. Most of the world has never heard of cryptocurrencies, whereas in the late 90's almost everyone had at least used the internet. Therefore, I think it will be a long while (at least a few years) before something like this could happen.

Then again we are already seeing it in some ways with coins like Ethereum, so really you just never know.

The_Dark_Knight

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Quote from: The Sceptical Chymist on June 19, 2017, 01:19:09 PM

If bitcoin goes the way of yahoo, I suspect it'll be something way better that replaces it--not some shitcoin already in existence. Bitcoin can do everything that any coin already on the market can do and in most cases better. So yeah, it could definitely happen, but as to what would do it. I don't think any of us know that.

Another possibility is that we kill the goose that laid the golden eggs, this is a possibility that is very real with the current debate about how to scale bitcoin, it seems the miners are bent to keep their hegemony even to the point of destroying bitcoin in the process.

Caelanpelley

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Quote from: Bitcoin Guy on June 15, 2017, 08:43:36 AM

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.

Very possible bitcoin will disappear in the future, that can totally happen depending on time and how we use them. When there is something new and better bitcoin will no longer be number one.

Cosbycoin

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Quote from: UCHCHILD on June 20, 2017, 02:04:52 AM

We do not know, we cannot say of what will happen in the future since it is unpredictable.We can see the bright future of bitcoin since there are lots of supporters that totally support bitcoin but then we cannot say if in the voming years if there will be no coins that will.pump up and get the attention of people like bitcoin is having now. We cannot say what other future coin can do and can reach. We really do not know yet even it is successful now we can say what will happen in the future of it. But we hope for good one.

Yes man, we cannot say anything for future what will happen to bitcoin but the thing we are expects from bitcoin is its bright future because in a few days bitcoin had made a lot of progress and as every one knows that the world is going to digital so I don’t think bitcoin will end up it will rise to top and more than that too.

iamTom123

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You are comparing an orange with something like a banana but then anything can happen online and it is so hard to predict the exact news in the future so I would preferred that we leave that to the prophets of doom and gloom.

In my opinion, Bitcoin can get trashed if we all stop using it and we all sell our Bitcoin holdings to a better currency perhaps Ethereum or maybe Monero or any other alternative currencies already in the market.

We have to understand that one of the factors for a currency's strength is the solid community behind the cryptocurrency. This has been shown by Bitcoin and other coins backed by their own supporters globally. This is just like any other product in the marketplace, if there would be a strong following you can be sure of continuous growth and innovations, otherwise a product/service can just die a natural death and be on the list of oblivion.

In the coming months, when the scaling solution can get implemented, we are in for a show of real Bitcoin strength and beauty as it would roar and soar into the cryptosky.

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