Bitcoin Forum

Will Bitcoin become the new gold and will Dash be used for daily payments? Any other potential crypto currencies in mind that can replace BTC or DASH?

I think  this is currently happening, but the degree or the magnitude will be very hard to say as of the moment, we can see that the price of dash is increasing astronomically and yet the price of bitcoin is still there playing around the corners of 16-17k per coin. Hope this will come true eventually, everyone will be happier then especially those who invested in Dash during early and cheap stages.

Bitcoin is being pegged as Gold v2.0 by big figures like the Winklewoss twins etc and this is no surprise considering the rate at which it is increasing with time. 2017 has clearly been a game changing year for bitcoin and the rest of the crypto world and I am expecting 2018 to be even better for the entire crypto world. On the other hand, Dash is rallying alongside bitcoin and is rising like crazy, but it still has a LONG way to go before being considered for daily payments. Bitcoin is clearly a better option here.

Dash is pretty old altcoin but bitcoin will always dominate market, Ethereum has lots of potential and price & demand for ETH is already rising.

Bitcoin will always be used as payment method while ethereum will be used to invest in ICO and to gamble in smart contract based platform like vdice, cryptokittens etc.

ETH can have many applications while bitcoin will be kind of crypto payment.

Well I agree with you if the transaction fee of BTC was lower than it currently is. The fee is only interesting for transferring big amounts of money. Dash is faster, better encrypted and the transaction fees are way lower.

At first I really see Bitcoin as a digital currency for buying and selling goods and services online but nowadays the way I think about it changes also because it is indeed more of a property just like Gold right now more than a money because the price increase is so fast that spending it like a normal money will make you regret later on.

There are so many new players that only bought Bitcoin in expecting to earn out of it and I am not against it though but they are just riding the train with no idea at all to what it's all about. Using different cryptocurrencies aside from Bitcoin is more convenient without a doubt because the Bitcoin network is congested this fast few months and it must be improve or else there will be another coin that may become worthy than Bitcoin.

Why DASH ? It have very fast transaction speed ?  I think when all cryptoworld turn to DASH it also overload how BTC.
After cryptokitties its exactly not etherium for mass transaction we understand
the best way modification btc network - segwit 2x 10x and etc

However dash is not that much older than  bitcoin. Among all the crypto currency bitcoin is the only currency comes to the crypto market first time by satoshi. I see many people having bitcoin is like a asset and invest their many funds then they have on the real time investment.
Smart contracts are not based bitcoin it the ethereum oriented project. That is reason eth value grows snc being stable in the market.

Agree but the danger for ETH is that their blockchain can be stuck with transactions caused by for example these kittens.

You probably meant that bitcoin is not much older than dash ;).
I definitely agree that bitcoin is more an investment asset. If you look to LTC which has actually more potential than btc to be used for payments as the fees are much lower and the transaction time faster.

Masternodes. Unlike Bitcoin, Dash introduced Masternodes to incentivize users with payments to secure the network and add cool transactional features like InstantSend. Masternode operators invest 1,000 dash to host a Masternode.
InstantSend. Instasend uses the instantX Masternode feature to send and confirm transactions in seconds. Bitcoin’s block propagation takes an average of 10 minutes, and 6 typical conformations for large purchases could even take an hour.

No. Bitcoin IS the new gold. And, after a couple more fixes, it will be still Bitcoin used for daily payments.

Dash doesn't fit to this equation. There are many faster coins, there are other anon coins (and there will always be a debate on how anon really is one or another), there are more stable coins.
The only thing you try to do here is to advertise Dash. You don't really want to see other coin names here, so don't ask for them.

That's quite a statement. I don't try to advertize Dash at all. In the topic question I even ask if there are other coins people think that will be used as payments. Anyway, I see you're not a fan of Dash, that's fine.
What about the high transaction fees of bitcoin? Can you imagine if amazon accepted bitcoin payments and people order a book for $20 and have to pay high transaction fee which makes it too expensive? I see BTC more as a investment than a currency for daily payments.

I don't think that bitcoin is now comaprable to gold because main reason behind this factor is that price of bitcoin is not comparable to gold at any way , so if we can see toward the demand and supply then also bitcoin is much priority then what gold have condition .
And here DASH is a big option for payment purpose but still a big thing here is that the transaction fee , in my opinion best coin for small fee is Digibyte coin Because confirmation of Digibyte coins is much faster and a very small amount of fee needed to transfer coins , so we can take Digibyte coin for payment purpose. And bitcoin only use for the savings like we saves gold in bulk amount for future profit .

Of course the fees are way too big now. And I still believe that the current size of the mempool is unnatural. And you are right on this, there was already a story about Steam no longer accepting Bitcoin exactly because of the fees.
There are already merchants accepting some of the altcoins here and there, I know that too.

For now, the best option is indeed to work with Bitcoin-as-asset, not Bitcoin-as-currency if you cannot use SegWit.
But Bitcoin is evolving. SegWit is already a big step. LN will follow. The devs will improve Bitcoin until it will become fit to be used as currency.


And let me give an example. I have a "Bitcoin card". Before, converting Bitcoin to fiat was expensive. They moved to SegWit and now I don't even know if it's for free or just dirt cheap. It's a good step forward.

Segwit gives hope! I believe in btc. Still regret selling a lot back in 2014. Luckily I still have a good amount left. If the devs manage to implement innovations that reduce the fees and speed up the transactions then btc will be used as investment and daily payments.

How do you feel about the Dash pre mine? I don't know if people will want to use Dash for daily spending compared to Bitcoin.

As for Dash - it`s already can be used in 13000 Locations in Brazil:

https://cointelegraph.com/news/digital-currency-dash-now-usable-at-13000-locations-in-brazil

But there are a lot of coins which have speed more than 48 trans/sec.
BitShares have throughpass about 100k trans per sec!

Bitcoin I feel shall no longer be considered to use as a normal payment processor, it shall more or less likely be used as a store value, however there are instances where I have been able to trade it for goods. Iota has been making lot of name for itself and one should keep a eye on it. There is another coin deeponion which I feel has good potential but time will tell how it'll perform.

Well, for me, having bitcoin at its high price range is like having a gold that's continuously getting expensive. Yet, bitcoin is mostly used for huge transactions and payments while Dash are for the small ones. Because admit it, you never want to spend bitcoin to pay something while you can see that its price will go up high.

If you don't want to spend your Bitcoins when they are expensive doesn't that make more people not want to spend theirs?

That would lead to less daily volume eventually I would think since nobody will be trying to sell their coins.

I still don't know if people will want to use Dash for regular payments.

bitcoin now is gold, will be new Diamond and hard to use as  daily payments.

other crypto will be used in trading and daily using like ETH and Litecoin

Yea, no one wants to be the "spent 2000 bitcoins on a pizza" guy  ;D

I'm thinking Bitcoin being as secure and widely accepted as it is, would be the Global reserve currency. Dash is pretty convenient, so I have no issues with it being used for payments.

Bitcoin is the new Gold per say due to the value attach to it and also the digital currency that is used for payment and transactions online. As for the potential cryptocurrency that may tend to replace  I think is Etherum which is very hard to say or believe.

In my opinion, if developers of Bitcoin can solve problems about confirmation time of the transaction and decrease transaction fees Bitcoin will become digital gold. If not, others coins will replace it.

I think so, but not necessarily DASH, there are a number of coins that could be the day to day payment coin, litecoin or ripple for example.

Bitcoin is slowly getting beyond the point of being used as an everyday payment method with fees as high as they are. I hope to see this price continue upwards in 2018.

Yes I think you're right.
But I heard rumours that the pattern of Bitcoin is over and that it will choose a direction anytime soon. I'm a BTC believer and will hold mine for long term.

At some point we will have a problem with all the crypto currencies trying to emerge as the coin for payment for that you need a stable coin with cheap and fast transaction. The most likely scenario is that bitcoin is the store of value and purchases made with coins such as ltc or dash.

Bitcoin is the king of the cryptocurrency, anyone know that so no doubt with bitcoin reputation. No coin can replace bitcoin.
Dash i know very quick if we send any payment, so we can use for daily payment. So far i think dash is the quickest.

Everyone knows about Bitcoin he is growing. Hardly anyone who wants to pay, only store or trade.
The bubble is inflated and the cost will be more than now. So I think BTC is gold.

Gold usually never goes down drastically and quite stable. but is it possible taht bitcoins could go the reverse direction?

Right now I would agree with you one it comes to choose the coin that works best as "digital gold", or gold 2.0 (whatever the name they call it now). It's gaining acceptance among Wall Street investors, with the release of futures market, and it should soon get ETF approval, so it's all set for bitcoin to become a new asset class. Because of it's characteristics, it definitely resembles a lot with gold, but it enhances it further, since it's transactions, mining and storing, are a lot more secure and efficient than using gold.
As for Dash as a payment method it's hard to say. The currency status, or new payment method status, for crypto hasn't been decided yet. Mos cryptos are still to volatile, so even with low fees, it will be hard to use them as a payment method right now. Also, let's not forget that is the lightning network works well, Bitcoin could also enter that race again, so nothing is decided yet.

There are some that believe it will but no one knows for sure. What will happen when people will stop buying bitcoin... Will it stop or not the fact is that at the moment it is used to store value and only a low percentage of people even know about Bitcoin, let alone Litecoin or other cryptos..

yes bitcoin will be new gold soon all will put them investment in bitcoin
Dash is suitable for many daily payments because it is fast, but the problem is that it is a coin dedicated to privacy and therefore I do not expect to use it on a daily basis because it is difficult to verify transactions.
litecoin will be for Daily payment and use it like silver.

Based from what is occurring today, I guess this is what really is happening right now because some online business are already using them as the mode of payment.