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phreaky
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September 28, 2016, 08:01:49 AM |
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Bitcoin has no competition indeed it's existing for quite a while now and build up a nice foundation. For bitcoin to die or to be hurt there has to be a very big other currency I think bitcoin can actually take over fiat even in the future.
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crairezx20
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September 28, 2016, 08:34:14 AM |
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In cryptocurrency bitcoin doesn't really have any competition cause bitcoin is the biggest and there is no reason for people to jump the train to another crypto. Later on bitcoin will probably get competition though.
I think your wrong that bitcoin has no competition almost all currency online is his competition. If there is no compitation and bitcoin is the one the price right now is not high and i think the price is still be the same as local currencies.. |
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Mastsetad
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September 28, 2016, 08:42:42 AM |
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Bitcoin has no competition indeed it's existing for quite a while now and build up a nice foundation. For bitcoin to die or to be hurt there has to be a very big other currency I think bitcoin can actually take over fiat even in the future.
Though there are no other currencies online or we can say digital currencies that can compete with bitcoin right now but it still does not seem to be realistic to say that bitcoin will take over fiat, because in compared to the users of fiat bitcoin community is too small, so they wont let it happen at first place. |
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marleybobthedog
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September 28, 2016, 10:27:05 AM |
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Absolutely false with over 740 cryptocurrencies it's quit hard to compete and stay in top position because all coins have its importance. But not all coins are so famous and used by many people but atleast 10 to 20 coins are capable of competing with bitcoin.
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talkbitcoin
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September 28, 2016, 10:34:04 AM |
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there is always a competition somehow for everything and i think bitcoin can also have some competition too. but nothing that comes to mind these days. because most of the alternative cryptocurrencies are just too bad to be considered as a valid competition to something as big and good as bitcoin.
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Noctis Connor
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September 28, 2016, 10:40:55 AM |
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All other cryptocurrencies are competition in a way but they are not actual threat to the Bitcoin. That just makes Bitcoin stronger but I think that it would be good to have at least one more crypto with high potential to achieve Bitcoins success. Maybe Etherum is the answer?
True all cryptocurrencies are competition and there have some good benefits if you are going to choose one which one is your going to invest with you bitcoin but for me ethereum is one of the best altcoin so far where you can easily sell and buy it and it has a high price in exchange website!! |
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bryant.coleman
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September 28, 2016, 10:45:26 AM |
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Absolutely false with over 740 cryptocurrencies it's quit hard to compete and stay in top position because all coins have its importance. But not all coins are so famous and used by many people but atleast 10 to 20 coins are capable of competing with bitcoin.
Including the now defunct alts, I believe that the number of crypto-currencies are more than 1000. Still none of them are capable of competing with Bitcoin, at least for now. For sure alts such as Ether enjoy a large market cap. But they lack depth. There are very few people using them, and even fever avenues exist to use these shitcoins. |
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TastyChillySauce00
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September 28, 2016, 10:49:09 AM |
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Absolutely false with over 740 cryptocurrencies it's quit hard to compete and stay in top position because all coins have its importance. But not all coins are so famous and used by many people but atleast 10 to 20 coins are capable of competing with bitcoin.
well can't say that atleast 10 or 20 coins could compete bitcoin while only ethereum that having 10,4millions dollar marketcap for 24 hours is far from bitcoin that having marketcap about 48,2 millions dollar in 24 hours ,bitcoin have about more than 4 times ethereum's marketcap but it's also good start for eth because they're still new |
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Doamader
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September 28, 2016, 12:00:42 PM |
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Bitcoin were the first crypto, and since those time others altcoins borned and some still alive but far away to reach near the bitcoin value, its like to which coin people do use to save their fiat money? Bitcoin, no one will save their fiat into other altcoins that can drop very fast, bitcoin wallts are thousands of dollars to moove, and always a big community around watching.
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iqlimasyadiqa
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September 28, 2016, 12:04:30 PM |
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bitcoin is the originator and pioneer the first digital currency. bitcoin certainly is the beginning of every coin.
I think bitcoin can not be paired with other altcoin. bitcoin has no competitors.
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CoinFoxs
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September 28, 2016, 12:53:12 PM |
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Bitcoin has more power than other Crypto-currencies because of its's importance in the market and also for the advantages that bitcoin giving to their users, Price matters alot and bitcoin has a good price so people fells secure to invest their money in bitcoin because they know they will definitely get profit so i think there is no competitor of bitcoin in the market of crypto-currencies.
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Johnyloco
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September 28, 2016, 12:57:37 PM |
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You are right.No altcoin can compete with bitcoin and btc will stay strong and grow.
All the other cryptocurrencies exist because of bitcoin and without btc,they won`t survive.
I don`t care about the "FUDsters".
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vero
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September 28, 2016, 01:33:08 PM |
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Bitcoin has no competition indeed it's existing for quite a while now and build up a nice foundation. For bitcoin to die or to be hurt there has to be a very big other currency I think bitcoin can actually take over fiat even in the future.
Though there are no other currencies online or we can say digital currencies that can compete with bitcoin right now but it still does not seem to be realistic to say that bitcoin will take over fiat, because in compared to the users of fiat bitcoin community is too small, so they wont let it happen at first place. for the issue bitcoin will be replaced by another digital currency or not, it will never happen and it's same as bitcoin will never replace fiat although growth bitcoin is growing rapidly. |
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goinmerry
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September 28, 2016, 01:47:39 PM |
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It is more of competing with each altcoins. Look at those who bash ETH some of them are newbies and some are carrying a signature from another altcoin. That is the real competition that is being held. I dont think they really want to compete with such a high value now.
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haankoammu
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September 28, 2016, 01:49:28 PM |
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it's not questionable at all that bitcoin is the most solid cryptocurrency in the current time or even the only one people of this forum can think of now, Just following the media tells you the just BTC is getting attention, I doubt a cryptocurrency can take BTC's place.
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gkv9
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September 28, 2016, 01:52:41 PM |
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Bitcoin does possess the possibility of gaining a lot more attention in the future which will further increase its chances of getting used as a currency itself rather than an asset... I don't think there will actually be something that can replace Bitcoins, so it's useless if people think this would ever happen... There won't be any second chance to people who think they will get rich in future with another altcoin which will have potential to overtake Bitcoins...
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cjmoles
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September 28, 2016, 06:24:38 PM |
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Absolutely false with over 740 cryptocurrencies it's quit hard to compete and stay in top position because all coins have its importance. But not all coins are so famous and used by many people but atleast 10 to 20 coins are capable of competing with bitcoin.
Including the now defunct alts, I believe that the number of crypto-currencies are more than 1000. Still none of them are capable of competing with Bitcoin, at least for now. For sure alts such as Ether enjoy a large market cap. But they lack depth. There are very few people using them, and even fever avenues exist to use these shitcoins. Some of the bigger bitcoin stake holders are leveraging into the Ethereum arena. I wouldn't underestimate the depth of support that it's receiving. The facts are that the bitcoin community needs to pay attention to these developments rather than dismiss them as inconsequential. Look at what the Winklevoss twins are doing for example: http://www.bloomberg.com/news/articles/2016-05-23/here-s-one-way-of-saving-the-winklevoss-twins-bitcoin-etf-dream They are major players in this space, so we should be paying attention to what they're doing. |
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Bitcoinsummoner
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September 28, 2016, 06:34:12 PM |
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I think only competition of bitcoin is almost all altcoin in the market. those altcoin are always dreaming to be the same as bitcoin or replace bitcoin..
But for me bitcoin will be still remain,,
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buxlover
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September 28, 2016, 06:46:02 PM |
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bitcoin, technology, anonymity etc... all are secondary, First thing is money. If some other coin is trusted to make more money than bitcoin, slowly or maybe suddenly bitcoin will have heavy competition.
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bryant.coleman
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September 28, 2016, 07:22:55 PM |
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I think only competition of bitcoin is almost all altcoin in the market. those altcoin are always dreaming to be the same as bitcoin or replace bitcoin..
But for me bitcoin will be still remain,,
Well.. that is the difference. The other alts such as Ether, Ripple, and Litecoin want to reach the same level as BTC (or even replace it). And at the same time Bitcoin users are hoping that BTC will reach the same level as the fiat currencies such as the United States Dollar and the Great Britain Pound. Alt users can dream about their coins replacing BTC. But it is never going to happen. |
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