Bitcoin Forum

I'm seeing more and more new people to crypto parroting the mantra that Bitcoin is old tech and needs to die.


Yes btc is to some extent old tech and yes there are faster, cheaper blockchains. But newbies and even some veterans need to be careful cause if enough people think something then it tends to be a self-fulfilling prophecy.


Problems that come with taking btc away as root of cryto are really not known. I suggest to you nothing good will come from it and crypto needs btc as a solid reserve currency of sorts and most gains people have made in alts are due to btc rise. Take Bitcoin away from top slot and I think crypto becomes unstable. IMO.

Many of those newbies are alt accounts of people with interest of creating FUD about bitcoin. As far as we know it can be alt accounts from people who have shortned bitcoin ;D The futures contract end today at 5pm, lets see how the market reacts, hopefully good!

The thing is, a good number of people only usually look at transaction time and transaction fees for them to decide which coin is better. So obviously, bitcoin would be less desirable to them. That's why we always see RaiBlocks(XRB) shills on r/cryptocurrency. Unfortunately people always look through how overall secure bitcoin is compared to other coins and how stress-tested it has been.

Indeed, if bitcoin were replaced by other altcoins, then I can't imagine what would happen to cryptocurrency markets.
If the BTC loses its value, the entire cryptocurrency market will disappear, since the BTC is a similar currency in cryptocurrency markets.

That's an interesting theory to say the least. We'll see what happens.

I think Alts on Bitcointalk will have a marginal impact on BTC, I can't see it being a huge driver of influence. There are a lot of newcomers slamming Bitcoin because they parted with fiat to get into some ponzi like BitConnect. I would say Bitconnect had a huge impact on the market.

Altcoins are coming through steadily..

That is true. The handful of people on Bitcointalk do have a marginal impact on BTC if they have one at all. But apart from the newbies that were fooled by some ponzi like BitConnect there are old traders like me too that think that BTC is beyond it's prime because of the fees. Right now you can do NOTHING with BTC but trading. That is truly REALY BAD for something that wants to be a currency. ^^ If you can't buy anything with BTC then the real value is ZERO! And the second people realize this is when BTC will go down hard. And yes, of course this will bring down all the other crypto currencies too. The thing is that this is not a problem it is the cure because the hype & the high price that followed the hype was nothing but a tulip bubble. The hype also leaded to the high fees (because they are bonded to the price) and the fees made BTC become useless. And as I said before a currency that is useless is without any real value. And anyone that isn't new to trading should remember the MW Medical Hype back in the early years of this century. It was exactly the same back then, every poor newbie and it's grandmother thought they could become rich in no time without any knowledge but this is not how trading works. It's so easy to burn billions  from sheeps that think they are wolves.

There are a Handful of alts with REAL dev team behind them the rest are fluff that are about to go straight off a cliff once LN rolls out in full.

There is simply no need for 99% of the erc20 shit tokens

There is no need for 99% of the ltc and dash forks whom have copy and paste devs that cant deal with the slightest issue themselves.

I would say no more than 20 projects on this entire board have good reason to still exist when BTC deals with or works around its issues.

Most of these new ICOS are start ups that have no real connection to crypto other than they couldnt scam seed money out of anyone other than FOMO struck crypto noobs.

Some icos have good ideas and will make good businesses ... most will not.

"unstable" is actually an understatement. Bitcoin is the medium in which all other altcoins thrive, for the moment, in most cases their value is primarily expressed in satoshis - not in $. Take the Bitcoin away and you will have and End-Of-The-World scenario for all other currencies. After that, situation would stabilize again somehow, in a way or another.

Correct. It should stop specially here.
We are a bitcoin community and yet we are the ones who wants to paralyze it.
That is just unacceptable.

I know they have their own opinion but please not here. If investors finds out about threads like that, doubting the bitcoin technology then where do we go afterwards.
This could be a landslide and will also take those cryptos out.

I'm new here.  I wasn't happy to read threads yesterday saying Bitcoin will rise massively and then it didn't at all.    Because if people keep saying that and it doesn't happen people are bound to feel a bit let down by it all.    I'm sorry if this is too negative.

Most likely those "price will explode tomorrow" thead starters lost a god chunk of money and now try to convince new people to buy more btc so the price will go up again so they can get rid of their btc without too much butthurt. BUT threads like this have zero impact on the trading market because the market is much to big these days. ^^

Crypto market was almost 1 Trillion 30 days

The reason the alts crashed is due to shitcoin being tied to it all

The exchanges all need to untie crypto to the failed shitcoin that Bitcoin is

Then crypto will prosper

The problem is bitcoin

I'm in shitcoin since $5 bucks

Cashed out $19k

absolutely right sir.. u sounded way too serious as well.. good post /.. btc is the main idea and reason why everyone is in this crypto world.. nothing else can compare them to bitcoin

People who say that Bitcoin is outdated just have very poor understanding of cryptocurrency protocols, or are deliberately misleading other people to pump their scamcoins. In reality, Bitcoin's problems are fundamental to all cryptocurrencies, and Bitcoin is actually doing the most work to solve it - it has the highest amount of developer activity out of all cryptocurrencies, while many of those coins that promise "free, instant scalable transactions" only have a website and whitepaper and nothing else. I really hope that the release and adoption of Lightning will kill most altcoins.

Bitcoin is the gold standard. It will never die as the bankers and globalists own too much of it.
It will never be a global volume payment system - The limits built into it are designed to prevent that. I'm a HODLer, because I believe the only future for Bitcoin is as an increasing store of wealth.

Most of the people who are complaining are newfags anyways, it's not like they have any significant presence or reason to be in the community. The majority are also bagholders which got screwed because they bought high on Bitcoin and then watched the price slide, and so their response is that Bitcoin must be old technology or there is something at fault other than their poor investment decisions.

I don't know why you'd bother worrying about what people like them would be saying anyways. I find it much more interesting to focus on the real discussions in the community rather than the tirade of newbies and jr members (and even members now) which keep saying the same thing.

Crypto is never been stable even bitcoin is on the top but somehow everythings is on order if BTC got most of the dominance on the market.You cant blame other people to say those words because its just normal for us to make some comments on what we do see and regarding to bitcoin it is actually true that it is already an old tech or there are already alts which do perform much better than of it. Negativity is always there but we do know how strong is the community on which do still love to engage with bitcoin.

Yeah, they could tell you that there's more than Bitcoin but let's just be honest without Bitcoin how could those developers will make it without a source from Bitcoin? These people are just like dogs barking to a computer when they can't do anything they just tend to bark and bark. Do you think people will allow Bitcoin to disappear just like that? Aren't they just trying to make a fud?

bitcoin is the future and paid fake accounts wont change that

Bitcoin is really not that old and the only thing that separates Bitcoin from the so called newer cryptos is that they have larger block size which in turn makes their transactions faster and cheaper and thats it, When Bitcoin Core increases it's block size they will not be having any advantage over Bitcoin Core anymore.

It's not "a FUD" for clarification, it's Fear, Uncertainty and/or Dissent iirc. It's just FUD.

The devs have enough experience now that they really don't need Bitcoin if they want to go somewhere else, hell you can see it with the ICO devs. Most of them have gone through half a dozen coins at least by now, I would be surprised if they didn't have some sort of inkling of expanding their scope and looking for the free money that is ICO production and release.

There's a lot of people that exist on this forum now to spread FUD, it's pretty obvious at this point, but there's still a lot of new people who are susceptible to it. There needs to be a bit more effort across the board to get more aggressive against the FUD being circulated, but for now, people seem to be wise enough to ignore it in most circumstances.

You're right, I've been experiencing the same thing and not only here.
Yesterday, I was watching a replay of a news broadcast that included a interview regarding Bitcoin. The comments on the video where all about Ripple being the best crypto currency because it had the biggest price increase or people claiming that VeChain is a much better crypto-currency than Bitcoin (Without any arguments). For me these two were the most remarkable, as the first one doesn't have to-do anything with the currency itself and second one is just so wrong because VeChain isn't really a crypto currency but rather a platform.

As long as there are people who believes on bitcoin, then it has to continue its service to us. Other cryptocurrency or digital currency are nothing without bitcoin. If we are going to look at coinmarketcap.com, the prices or the change rate of other digital currencies are aline with what is happening to bitcoin. As of now bitcoin dictate the fate of others. It is true that if bitcoin got away with this, then there will be a huge problem for others. It is good to be ready since there are lots of people who wants bitcoin to vanished since it has the highest amount now, yet become lower as the time goes by. Maybe this is one of the reason why they do not want bitcoin all of a sudden.

The they are right and just because you slot machine players made money you will learn that you
can also loose it to so stop trying to get religious about it all

When I talk to people about the Bitcoin, they can only laugh: This currency that cost 10-15$ every transaction, takes 3-6 hours to transfer, it is backed by Miners that consume more electricity than our entire country, it has more inflation than fiat and if it is not enough, there's no one to protect you if you loose your private key or it get stolen.

I totally agree to this:


We can keep waiting for the lightning network, believe that it will fix everything, but really the hard reality that the Bitcoin technology is not designed to scale will one day be impossible to hide.

At the opposite there's new technology that learned from Bitcoin and that fix all its issues.

When I talk about RaiBlocks : 0 fee, 0 inflation, instant transaction, faster than VISA, almost unlimited scalability, green and as much decentralized as Bitcoin. That's something that can attract people to Crypto.

this is just like their parents giving birth to them after that they choose to disregard their parents. these altcoins emerge because of bitcoin and bitcoin can be considered as foundation/leader in cryptocurrency.

They are new to this so that's not surprising at all. They don't know that Bitcoin suffered worse than this that we are experiencing at this moment. Bitcoin's market value before is way lower than its current price. Also, they are not awared that this is jist a part of its volatility in the market. Bitcoin has a bright future and they should know that. They will surely see it later when its market value starts to increase afyer a couple of weeks. We just need to patiently wait for it.

I think it does not matter, because they do not know and do not understand the crypto world. I often get a reprimand from my family that bitcoin is bad and will only make me lose money, the point is  bitcoin is a scam.
I never listen to my family, because I understand that they do not understand the crypto world.
so to deal with such a person, we'd better close our ears. say to them, yes bitcoin will die, if it has reached the price of lamborghini. and that's for sure.

I completely agree. Yes, there can be altcoins that are superior in terms of technology, and that's true. Technology evolves all the time, and cryptocurrencies are no different. But ask yourself, is something like smart contracts really going to be used on a day to day basis? Or are you more likely to be using bitcoin to pay for some goods online directly?

Bitcoin has been proven to be a store of value. This is one of the most celebrated properties of "money". Altcoins are usually just hyped up clones of one another that really add no value to the economy whatsoever.

Bitcoin will always be considered the #1 cryptocurrency, because it is the first to be here, the only one without a known developer that it's benefiting for, and the only one that has proven that it has the ability to steadily hold its value and even realise potential value for 10 years straight.

I don't think its FUD or just alt coins pumpers I speak to people in communities they genuinely express the idea BTC is old and needs to die.


And we can't dissmis their view cause many of these newbies are the future crypto community. I think BTC needs to become like the dollar is, a reserve currency where only central banks and super rich hold it. Then the crypto world can do have as many other alts as it wants but Crypto needs BTC as a cornerstone IMO.

Every beginner must have an opinion for every new thing and their opinion is very different from what is known next, as Crypto is never stable even bitcoin is on top but somehow every thing is to order if BTC gets most of the dominance in market. You can not blame others for saying those words, because it's only normal for us to make some comments about what we say ..