Would Bitcoin ending up like Yahoo in the future? - page 32.

Vohoanghiep

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Quote from: Jody.Drummer on June 15, 2017, 09:03:05 AM

Could happen with bitcoin, everything that could not possibly be possible in this world...

I think it is not because Bitcoin has existed for a long time, it has grown at times, but it is certain that it has existed for a long time and will continue to grow in the future. On the other hand, the future is unpredictable so your question is quite unreasonable for me

SamsungBitcoin

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Quote from: hahay on June 15, 2017, 11:30:51 AM

Nobody knows for sure what will happen next in the future, but if I can predict I will say bitcoin will not be the same fate as yahoo, yahoo shut down its service because it went bankrupt because they lost a lot of customers and their customers have gone to google which both are a leading search engine. and on bitcoin I assume bitcoin will not be abandoned by cryptocurrency users although if later etherum can replace bitcoin I think bitcoin will still exist because I think bitcoin is best.

Well said man, i agree with you bitcoin has a big value and big volume and people are already panic when a big dump will happen, they are so insane bitcoin still number 1 cryto currency in the world market and no other coin will lead them.

hahay

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Nobody knows for sure what will happen next in the future, but if I can predict I will say bitcoin will not be the same fate as yahoo, yahoo shut down its service because it went bankrupt because they lost a lot of customers and their customers have gone to google which both are a leading search engine. and on bitcoin I assume bitcoin will not be abandoned by cryptocurrency users although if later etherum can replace bitcoin I think bitcoin will still exist because I think bitcoin is best.

lionheart78

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I there is always a possibility that another cryptocurrency can beat Bitcoina and take the lead of the cryptoccurency industry. In this world there is nothing permanent except change. So it is not surprising if one day an old cryptocurrency that got a more innovative and advance feature take over the lead in crypto atmosphere or a new coins with very advance feature.

tristan1960

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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?

bill gator

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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 doubt it, because there's an important difference; Bitcoin is not a company. It is public in the sense that anybody can participate at whatever level they wish (as long as they are also capable). Anyone can have a voice, push code on github, hold "market-share", etc. Competitors will not be able to beat out bitcoin because of the tremendous momentum it has and the inability for the competitors to offer something permanent and positive that bitcoin can not.

haroldtee

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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.

The only thing that is permanent is CHANGE. It is a normal phase of life. You can't always stay up there and it takes a lot of work staying relevant, i.e if you ain't careful, you can be the doom of yourself. Whichever way, a time will come that a new tech will show up that will cause attention diversion and before you know it, people tend to get attracted towards it forgetting the other ever existed. If a new technology comes up with a better innovation what do you think would happen? For example, let's take NOKIA as a case study, they were so much in their comfort zone refusing to upgrade with new innovations until other brands started coming up and overtaking them. Before they could say Jack and Robinson, catching up wasn't even possible anymore. I hope bitcoin isn't like that but with the civil war going on in the bitcoin community with respect to segwit and BU, shits may happen.

FlamingFingers

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Quote from: Bitcoin Guy on June 15, 2017, 10:55:46 AM

Quote from: Catmony on June 15, 2017, 09:30:44 AM

Bitcoin will always be considered as store of value while ETH will be platform for dapps (decentralized applications).

What determines the value of Bitcoin? I mean what justify for the high value? I would like to see it to reach $xxx,xxx in the near future before I go to Heaven.

We would be talking about bitcoin going to 5-6 figures in USD, if it got scaled. Sigh.
What determines the value of Bitcoin is (just like everything else) demand and supply. Bitcoin is limited to 21 million coins only with a mining difficulty that is cut in half every (nearly) 4 years, and its demand is getting slowly bigger every day. Mass adoption (like Japan) is what justifies the high price.

btctube

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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.

It may very well end up like yahoo. Its the first to be adopted but will soon be taken over by more advance competitors with real use for it to have value. A coin will be alive and valuable when it has its use and bitcoin has no specific use which is no different to a regular shitcoin unlike some such as ICN or simple ETH token.

Bitcoin Guy

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Quote from: Catmony on June 15, 2017, 09:30:44 AM

Bitcoin will always be considered as store of value while ETH will be platform for dapps (decentralized applications).

What determines the value of Bitcoin? I mean what justify for the high value? I would like to see it to reach $xxx,xxx in the near future before I go to Heaven.

xhienigat

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Quote from: Catmony on June 15, 2017, 09:30:44 AM

If you are making this prediction based on the recent boom in ETH price and dump in bitcoin price than you are getting it wrong. ETH and BTC are completely different thing and both have their own benefits, both can co-exist and might share marketcap that's all. Bitcoin will always be considered as store of value while ETH will be platform for dapps (decentralized applications).

I agree with everything you said, and just because bitcoins price right now is dumping doesn't really mean it is ending like yahoo in the future. In fact, we can not really foretell what is ahead of us.

Catmony

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If you are making this prediction based on the recent boom in ETH price and dump in bitcoin price than you are getting it wrong. ETH and BTC are completely different thing and both have their own benefits, both can co-exist and might share marketcap that's all. Bitcoin will always be considered as store of value while ETH will be platform for dapps (decentralized applications).

fatlever

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Yahoo tried to do too much and did everything badly. They should just have done search and been the best at it.

Like now every scam ICO wants to do everything under the sun but I am not buying the use case and the technology for all these. Even Ethereum has accomplished a lot with technology plumbing that they have put in place but I have real doubts as to the number of really useful and viable applications that will use it in the next few years.

talkbitcoin

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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.

no it wasn't.
"The first search engine created was Archie, created in 1990 by Alan Emtage, a student at McGill University in Montreal."

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Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?

the same story with bitcoin.
bitcoin was not the first cryptocurrency. there have been a couple of other projects, small ones, working and then bitcoin came and pushed them away.

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What do you think? Please provide your reason(s) to support your view.

i think it is not impossible thing to happen!
this is true about all technologies. one day they are the new thing, the next day they improve to match the future, .... then some day another technology comes and replaces them.

that is like circle of life.

the correct question is when and with what?
and the answer is not for the near future because currently nobody is working on developing a crypto currency

YuginKadoya

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We can never tell what is up ahead for us in the future, maybe Ethereum can be number and will go ahead of bitcoin, possibility of that can really happen or we might see other coins can really step up that ETH, but we can not certain say something like that, because SEGWIT has a plan to make bitcoin still above all of that Altcoins we will surely see the potential in the impending Split.

Jody.Drummer

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Could happen with bitcoin, everything that could not possibly be possible in this world...

Bitcoin Guy

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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.

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