Bitcoin Forum

Problems with the time for processing a single transaction, and sometimes even a complete denial of the service of small transfers made the investors look for an alternative. As a result, the capitalization of individual crypto-currencies has increased several times. At least 3 crypto-currencies today have high chances and real tools to outstrip bitcoin by capitalization in 2018.

1.Ethereum
The ethereum, like BTC, uses blockchain technology as its main core. Therefore, like traditional crypto currency, it is decentralized and perfectly suited for anonymous financial transactions. Capitalization has increased more than 100 times a year

In addition to the technology of smart contracts, which enabled ETH to increase the speed of transactions, the creators of Ethereum offered to use their platform for various ICO-projects. Crypto currency is seriously interested in representatives of various industries and individual governments. Given all this, there is a real chance that the capitalization of the Etherium in 2018 will exceed the total cost of the BTC.

2.Ripple
The main impetus for the growth of the crypto currency was received only in mid-2017. XRP actively began to increase its own capitalization at the expense of new investors amid news about the rapid integration of service with such giants as American Express and Banco Santander. The main advantages of Ripple are low commissions and instant transactions. According to XRP developers, the average time per operation does not exceed four seconds.

3.Stellar
Developers of XLM have managed to combine the best in the one crypto currency that is known to the digital market in January 2018. Like Ripple, Stellar offers its investors the fastest transactions: from two to five seconds. But, like Ethereum, XLM decided to provide its platform for ICO developers. But unlike ETH, the emphasis is not on the financial sector, but on transnational companies. In October 2017, IBM announced the collaboration with Stellar.

The probability of this event is high, but is not 100%. How do you think the bitcoin will give up its positions or not and how will everything happen?

Apple and oranges.
Bitcoin is trully revolutionary, if you compare bitcoin to ripple, sorry but you have no idea about technology behind this inventions.
Bitcoin is most stable/safe currency out there. Its slow because of that, but security is more important than anything else here. Don't worry about bitcoin, its best store of value in the world.

Ethereum is just experiment, and ripple is centralised garbage.

Bitcoin still the King in the crypto world for long time.

You've listed some good and promising coins here but I wouldn't go so far to say that Bitcoin's time is running out. Insane transaction fees are not always there. Right now, for example, you can pay $4 for your transaction to be confirmed within 30 minutes or you can pay only $0.5 and it will be confirmed within 2 hours. I know they can be high again but I'm sure this issue will be resolved one way or the other in the future and Bitcoin will remain number one, as always.

I fail to understand, why Bitcoin is not trying to solve slow transaction issue, miners can confirm more transactions with less fees, which will increase their earning. Bitcoin traders will also be happy.

If Bitcoin refuse to improve, it will be left behind like Dinosaurs.

time is running out I think the exact time to buy a bitcoin is the new currency, bitcoin this year 100,000 dollars of flowers .

Started out sensible but then you list Stellar and cant take it seriously.  Nothing against the coin but its near 20x smaller, thats too large a gap to make up unless Bitcoin crashed. Neo and frankly Bitcoin Cash have more credible chance of over taking Bitcoin.

A lot is made about Ripple, and the use by banks.  I think there is some misinformation, article by Bloomberg noted some banks are only testing Ripple and looking at RippleNet (or similar) which is from the same team but not using Ripple token.  Ripple will not take over from conventional inter-bank transfers without regulatory approvals, but they could do conventional transfers over RippleNet.  We need to be very cautious about the news from this area that may confuse these.

Ethereum need about 65% rise to overtake Bitcoin, so thats quite a realistic scenario.

I note also the Bitcoin dominance is 33.5%, only 1/3 of the market.  Change is afoot.

From around 2013 to 2014 there was a lot of hard work trying to get merchants and others to accept bitcoin. I remember euphoric posts on this forum when Overstock enabled bitcoin and when Steam and Stripe did it too.

We still have Overstock, but Steam and Stripe have dumped bitcoin. Unless we can get them back (and encourage other merchants to enable bitcoin) then bitcoin is dead as a payment processor.

An alt will take it's place, but am not sure which one yet. (It won't be Ripple).

We need coin for micro transactions and bitcoin isn't one any more.
Hopefully lightning network should this solve problem... :-\
Will face the same thing, high fees - slow transactions.
Bankers coin. Don't like it, won't use it and won't support it.
Now this is something which I have been watching lately, I honestly think among all altcoins stellar has biggest potential but it is far away from replacing bitcoin.

Actually we already experience all kinds of transaction like in binance they already have btc to fiat,bnb to fiat,eth to fiat so even btc will be similar to other coins or some altcoins ahead already in btc at some way still it's valuable,I say even we replace btc still it's have already value in crypto world so always think that and it's still profitable.

There are many worthy cryptocurrencies, but Bitcoin is like a basis on which the whole  cryptoworld stands. If we will try replace BTC by something else - we risk losing the balance of cryptocurrency, nobody wants that.

In what you are saying we see how when bitcoin takes a fall in value it has a domino affect to other crypto currencies. There are many currencies that do better in regards to transactions and if something was to completely overtake bitcoin it would have to be a slow process or everything else would crumble.

I'm coming to the conclusion that slow transaction times are actually good for Bitcoin. Bitcoin wasn't designed to be a high use micro-payment system, whatever the white papers and other comments might say. The 21 million coin cap, and the 10 minute block generation average will prevent massive adoption for everyday payments. However, Bitcoin is great as a store of wealth, and a payment service for digital assets. It is also a good way to make consolidated payments of affiliate bonuses and rewards.

The addition of more options associated with signatures can only help to improve this. I believe that we will see a rocky ride for a while whilst Bitcoin matures into the crypto gold standard, but the long term trend for its value can only be upwards.

Just wait until lightning networks launch! For sure all of your speculations about bitcoin will change. The problem of slow process at high transaction cost will be solved. Wait until the time of bitcoin will awake because all of our sudden fear of its downfall will change.

I think the mistake of thinking that the capitalization of the coin is an indicator of its value. Even if capitalization Ethereum compares to the market capitalization of bitcoin between them will be the abyss. Bitcoin was and will remain an asset for safe storage and movement of big capital. It will always be in demand. Bitcoin is the cryptocurrency elite.

I'm all with you that bitcoins time is running out. And I do think that Ethereum will become king soon too BUT Ripple and Stellar? WTF? ^^

ETH - has scaling issues aswell, but yes, it can outstrip bitcoin by market cap (not like anyone cares about market cap except for crypto newcomers)

Ripple - centralized bankers shitcoin that goes against the fundamentals of cryptocurrencies and what they're based on. Obviously, Ripple has a high chance of getting the #1 spot by capitalization, but not because investors are interested in Ripple, but because the circulating supply represents 40% of the total supply, so if the team behind Ripple decides to release 20m XRP from the total supply, its market cap will instantly go up without needing the help of investors.

Stellar - a project with potential that is playing the long game, the main problem is the unreleased supply, it's worth mentioning that Stellar devs own 80% XLM, so if the devs decide to release all those lumens little by little into the market, it can become a serious issue for investors. It can go above Bitcoin by capitalization, then again, does it matter?

"Time is running out"? this sounds completely biased, I can say the same thing about time running out for altcoins because Bitcoin is going to implement lightning network, and SegWit widespread adoption will reach its peak, which is going to make Bitcoin bulldoze every altcoin in the market.

The question is do you like walking down to the train station whilst waiting for transaction to complete and then
sitting on 3rd class seats ("Of-Block" Lightning) or do you want to pay $20 in fees to go first class on the steam train when you can
now but cars with electrical or petrol engines.

3rd class means sitting with beggars and thieves who are unemployed miners that mugged you last week and said it was a transactions fee

Do these bankers charge fees and interest on money by any chance  ?

Clearly you have not seen this network map https://lnmainnet.gaben.win/
or even taken the time to read the lightning network white paper yet that you can read here
https://lightning.network/lightning-network-paper.pdf

Open the document and search for the term "Saving account" and "Spending Account" if you don't understand the
technical side of the document or just do a word count on the word "Fee"

Ripple is not being pumped up using counterfeit money like the USDT  

Let me think now $55 peeks fees or using Ripple and paying $0.001 per transactions

 

I suppose, tomahawk9 means that Ripple looks like US Dollar. The system is centralized, the emission is unlimited, the printing press is in one hand, the main participants and investors are the banking system. It goes against the fundamentals of cryptocurrencies

When bitcoin sorts out its scaling issues and start running smart contracts on Rootstock it will give eth competition. Assuming it all work of course  :) ;)

There is nothing to sort out. it is a perfect decentralized crypto-currency. unbanked people in third world countries don't need Bitcoin. they have access to hardware AFAIK so they could mine alt-coins and sell them on the same exchanges supporting Bitcoin.


Can you charge even that $0.001 fee per transaction on people using Ripple? let me think now. you could charge $55 fee per transaction on people using Bitcoin. can you generate Ripple with any hardware?

This could be true, a lot of other cryptocurrencies are coming up right behind bitcoin and until bitcoin sorts out some of it's issues, these cryptocurrencies will keep catching u. The problem with the fee doesn't help matters much either.

In truth, there is another undervalued coin with a lot of potential. It's Waves. Already, it is technologically better than Etherium, but the promotion and marketing of this coin simply kills all its advantages. Now, even no one knows what this coin is.

Bitcoin will always be the king of the kingdom no matter how great the new coins is and it will be.
 The bitcoin will always be the first choice of every person. It will always be.

I quite agree with your opinions.
Bitcoin is the first cryptocurrency that created. But if bitcoin not developing some new features to improve its speed
or performance, i believe many altcoins such as Ethereum etc will have more users than bitcoin.

The existence of an object or thing must have meaning, then this object or thing will be appreciated.
Now bitcoin is needed in order to buy altcoins. Dollars <-> BTC <-> Altcoin. While this chain is exist bitcoin is in safety. But more and more exchanges will introduce trade to the dollar ... Do you understand the idea? Nothing will be forever

We've already experienced some kind of transaction. They already have bitcoin to fiat, bnb to fiat, eth to fiat being bitcoin. Bitcoin will be similar to another coin or some altcoin that is already in bitcoin in some way is still very valuable and I say we replace bitcoin still has value in the crypto world so we always think and it can still be profitable for those who have the coins. 8)

Yes, transaction speed in bitcoin really need to developing more. it is because the blocktime of bitcoin is long.
once the transaction speed is increasing, bitcoin will be the best cryptocurrency coin ever.

Really? Is it only problem of bitcoin? I think, no

People with reall knowledge of bitcoin will find what they need  at these forums and will have  an interest in bitcoin after reading some topics. But I don't see the link between BTC and this forum.

True. Why does everyone doesn't see this?

I have seen how good Waves. It is almost like ethereum but with everything in their website. Wallet and a trading website. You even look for more are that could take out the risk of being hacked from too many sites that you are entering just so you can trade different coins or tokens.

If only it was supported during its campaign. But due to the hype there are also FUD's that came out which made it unpopular anymore.

Several times on the forum I saw replicas like this "I don't believe in Waves since it's a Russian project".  I don't understand why if the project is Russian, then there is less confidence in it.

By the way, in Russia, some of the best programmers. Does everyone know Vitalik Buterin? ;D

It's not just the transaction times that is the problem. There are so many coins on the market that offer faster times than bitcoin, in fact almost all coins are quicker! Bitshares is super quick but not widely used considering what it offers

The one of the problems of the bitcoin is the transaction and people who are investing it and with that many competitors who are expose to the market but still I believe that they are finding ways to avoid it and improve it so that this problem won't be problem soon and this can make the world be better.

Though bitcoin's processing maybe slower than the other alternative coins but I think the investors are still loving and trusting bitcoin. And anyway that is just one problem and it will be improve.

I do not believe that bitcoins time is running out but rather it is just starting to evolve and be accepted by the masses. The current drop of bitcoins value have become a venue for the late comers to come in and invest on bitcoin. Bitcoin has proven itself for how many years and we cannot compare it to any altcoins. Bitcoin is the future and nothing will replace its throne on the cryptocurrency market.

in a way of transactions speed, i admit that its more slower than any of the mentioned coins. but in terms of security bitcoin is the best, so that, the transactions are slow, but more secured. i dont think that bitcoin is running out time. because no one of these altcoins can surpass bitcoin, maybe the feature by platforms but the real technology of bitcoin, it not.

I agree, I do not think that any coin can be better than bitcoin. Bitcoin will always be number one. I think bitcoin will evolve and always will be ahead.

By now people feel Bitcoin is too slow to pay, so you see that such a situation is probably happening, why Bitcoin does not try to deal with the slow transaction, You can confirm more transactions with less fees, which will increase their income

The current drop of bitcoins value have become a venue for the late comers to come in and invest on bitcoin. Bitcoin has proven itself for how many years and we cannot compare it to any altcoins. These cryptocurrencies will keep catching u.

The blockchain network can be really frustrating when transactions are delayed, it's sometimes disturbing to wait for so long for a transaction to confirm and go into completion after paying high amount of money as transaction fees or processing fees.

bitcoin can never be running out of time. its a good time to invest now and hold bitcoin as proven its ability many times.

I agree with you, but many people use it for the base of ethereum, for example, when creating smart contracts! I think they can still go to a good level.

ETH is okay, but for people who loves to be banged by the governments - ETH is not highly Anonymous as BTC. about Ripple - the parent firm, Ripple is selling blockchain solutions, but that does not back ripple or XRP token to be the best, especially, when it's centralized.

Bitcoin is most secure it is very important
Bitcoin sidechain is coming .I have been reading article about sidechain development  and it looks like everything is going fine.Many developers are working to deliver best sidechain solution
Bitcoin will be included in Bakkt release from day one other coins maybe later
Ethereum has his problems yet another chain update was unsuccessful it doesn't looks good to me
Ripple is centralized.Ripple is 100% premine

Yes I think so in few countries they are using Bitcoin and also this year may be Bitcoin will play vital role so time is running out to reach in the high position.

I am sure they can not outperform bitcoin.
BTC is quite mature now and more than 70% of traders are bitcoin holders.

bitcoin is the popular coin right now, there are many people that believe in bitcoin, they invest a big money in bitcoin, so i think bitcoin will be the best cryptocurrency right now, and i think another coin can beat bitcoin like ETH, XRP, or stellar, they will be on below bitcoin