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Topic: Would Bitcoin ending up like Yahoo in the future? - page 5. (Read 13089 times)

sr. member
Activity: 812
Merit: 251
No any time and will end, what happens with Yahoo can certainly happen to Microsoft, Google, Paypal, Bitcoin and so on. We can not prevent change and must follow the trends that occur.

Sure it could end up like yahoo but one thing we ought to note is that yahoo had a few people owning it but bitcoin is not owned by anyone but all of us and so at any point in time be it fork or not someone out of nowhere might have the solution to develop it further to suite the modern trends of the times.
sr. member
Activity: 588
Merit: 253
No any time and will end, what happens with Yahoo can certainly happen to Microsoft, Google, Paypal, Bitcoin and so on. We can not prevent change and must follow the trends that occur.
full member
Activity: 208
Merit: 100
It is possible. Bitcoin is the first croptocurrency and blockchain ever invented and is the leader now. However, as a new technology, there are lots of things can be improved. New alternative coins keep introduced with new and enhanced features. Hope bitcoin can improve itself and keep the leader role.
full member
Activity: 378
Merit: 102
I can not guess whether bitcoin will end up like Yahoo being overthrown by Google's dominance, now the competition in the crypto world is very tight but still very far reaching the enormous bitcoin strength. If there are coins that offer the same thing as bitcoin and better yet, it is not impossible that bitcoin dominance can be overtaken by other coins.
full member
Activity: 350
Merit: 101
Well it is really hard to compare the downfall of a currency to the downfall of a website, but it only really depends and the people who support and use bitcoins. If the majority of the people would support bitcoins then it would be able to sustain.

The market cap tells how much support each of the coins has.   At currently time, Bitcoin has only 1/3 of the total cryptos market cap.  That is sad because Bitcoin is one of the few most solid coins existing; it is for sure good for hodl for long term.
newbie
Activity: 10
Merit: 0
Well it is really hard to compare the downfall of a currency to the downfall of a website, but it only really depends and the people who support and use bitcoins. If the majority of the people would support bitcoins then it would be able to sustain.
full member
Activity: 350
Merit: 101
Bitcoin only has about 36% dominance now.  We need Lightening Network! 

I do understand that it is a huge responsibility to lanuch LN on Bitcoin, which has over $200B in market cap, so the developers need to take time to make sure everything is OK.  One cannot make any error in the implementation - any errors would be disastrous!

After seeing Ripple's incredible price jump which surpressing Ethereum's market cap makes me to wonder if this would happen to Bitcoin (I am hoping not).
full member
Activity: 392
Merit: 101
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.

A great analogy. Let's hope not.
hero member
Activity: 625
Merit: 501
Bitcoin is losing its dominance now at only 44.6%.  It seems like BCH is catching up.  Solving its scaling issue would help itself and the whole crypto market.
I do no think so. Although Bitcoin Cash has 8MB for block size, but why do we not use other altcoins for our transaction? Then, exchange to Bitcoin again if we are transfering between exchangers? Ethereum, Ripple are the altcoins have high liquidity useful to transfer money instead of Bitcoin at current.
jr. member
Activity: 252
Merit: 9
For now bitcoin is a trend so it could be a bitcoin time will lose its prestige. Bitcoin will not be destroyed but it will surely be replaced by the sophistication of other virtual money.
full member
Activity: 350
Merit: 101
Bitcoin is losing its dominance now at only 44.6%.  It seems like BCH is catching up.  Solving its scaling issue would help itself and the whole crypto market.
newbie
Activity: 490
Merit: 0
bitcoin will be kept afloat, along with other currencies, there will be simple competition
sr. member
Activity: 360
Merit: 251
I doubt it because Yahoo is not a currency it cannot be spent like bitcoin can. With my bitcoin I can buy things and it takes place if old methods of transaction like banking and paper money. Bitcoin also has a big capital and is better then PayPal now.
full member
Activity: 490
Merit: 101
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.

Quite a remarkable point to note here; and with point historical facts. The Bitcoin growth has been quite sporadic and I for one have had the several thought of a coin that will be introduced to lighten the  strength/growth of Bitcoin. The other counterpart; the ethereum that should be growing in a corresponding rate is no where close to it. Just as the introduction of google to the market and somehow with new innovative ideas, they stole the market from yahoo, it is quite possible to have a coin that will outshine the bitcoins. We await this earnestly.
sr. member
Activity: 728
Merit: 264
I dont think so. Yahoo do not let others to earn. But bitcoin let us to gain. The demand for bitcoin will not stop unless there is some kind of security violation. It may need some updates in the future.
member
Activity: 336
Merit: 10
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.

Anything is virtually and theoretically possible to what will happen in the future of bitcoin. The case of Yahoo however would least likely happen to bitcoin for me because its loyal people will not just sit around and let it drop to rock bottom. Bitcoin sometimes drops but eventually catches up to market .
full member
Activity: 350
Merit: 101
We need the Lightening Network to be implemented in Bitcoin.  Once it is successfully implemented, Bitcoin will complete its mission as a cryptocurrency and more demand would continue to bid up the price.
legendary
Activity: 1106
Merit: 1001
The Decentralized TCP/IP Internet Protocol
Bitcoin can surge from big to small but can soar back into big again. You'll never know what future can offer us. But holding to your bitcoin won't cause you harm in this PRESENT time. It was just years when many told that Bitcoin is a scam and a lie, they presumed that it will fall for a weekend that investors will just mourn for the lost money. Until the surge happened, those who did not believe were the ones crying.

Google was selling shares to Yahoo before, and Yahoo declined the offer. Until Google developed and grew their ideas. From Google Earth to Android. Now, where is Yahoo?

What I'm saying is, you really can't predict the future, it is just a matter of how you handle your present. how you hold on to your hopes. As I can see to the growth of Bitcoin, it will never be like Yahoo nor Google. It will always be Bitcoin, dancing up and down but will never get tired to get higher.


The opportunity always avaiable for us, as long as we can take advantage these opportunities, we can get success. In the past, Yahoo was the best mail and chat service, but today, facebook, telegram, messenger, google ... dropped all advantages of Yahoo.
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
There are similarities obviously. Yahoo went down due to the arrogance of its management. They refused to adopt to the changing climate and completely ignored the challenges from its competitors (such as Google). The same is happening now. The core developers remain blind to the scaling issues and they are ignoring the competitors such as Bitcoin Cash and Ethereum.
newbie
Activity: 43
Merit: 0
Bitcoin provides all the necessary features needed in today's environment except an issue of slow transactions.But bitcoin is unique and a master piece of creation.
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