Bitcoin has no competition

[posternat]

Definitely you are right. I was also one of those who thought bitcoin will get replaced with something else but all failed and yet bitcoin still lives stronger than ever. It is even immune to exchange hacks now, with those information in the hand and the possiblity of the WWIII because of the probability of Hitlery getting elected, there is only one way for bitcoin: > moon.

Ofcourse Bitcoin has no competition as if Bitcoin wasnt so gut, we all wouldnt be here trying to replicate it in the form of so many Altcoins.

[skyway1]

Yeah bitcoin is very stronger and powerful and there is no one can be competitive with bitcoin because bitcoin is very advance and modern currency and a lot of people are adopting bitcoin in huge amount so bitcoin has no competition .

[Aamir1]

exactly bitcoin had lost its competition. other coins are in heavy competition and bitcoin is still in same price that is $600. please will anyone let me know when bitcoin price is going to rise up.

You are living in past, the price has already started growing up and the price right now is around $650 but not $600.
And bitcoin obviously does not have any competition as all other coins are not able to cross the value it has nor they can get as much users and trust as bitcoin did until now, so there competition with each other and bitcoin is the king.

[socks435]

Yeah bitcoin is very stronger and powerful and there is no one can be competitive with bitcoin because bitcoin is very advance and modern currency and a lot of people are adopting bitcoin in huge amount so bitcoin has no competition .

I think bitcoin has many competition those altcoin in the market cap almost all are bitcoins competition.. but bitcoin is the first succeed and  those altcoin are just clone with added feature but bitcoin still the original and more secure than other crypto currency..

[European Central Bank]

The market share of Bitcoin is slowly decreasing because of the introduction of new kind of cryptocurrencies in which Bitcoin users invest their money during ICOs in which they will revert back to bitcoin. Bitcoin's dominance is seen on its price in which no other altcoins can match is price not even one can go close to it. I might say that it will still be dominant for a few years or so.

This may mean a lot, and this may mean nothing, depending on how you define a Bitcoin market share.

in this case these market shares are almost all defined by giant pumps solely on poloniex.

like so much related to market cap, it's a mirage. it is volume but that volume is happening largely in bitcoins. and these volumes are enabled by bitcoin's frictionlessness. i'd love to see fiat/alt volumes on coinmarketcap instead. it's speculation on top of speculation. all hot air.

there's probably significant fiat volume for certain coins but I wouldn't wait 3 days for a bank transfer so I could buy potcoin or something.

[Wowcoin]

Bitcoin has no competition because this
cryptocurrency have strong enough and its hard to
make a coins like bitcoin. Bitcoin can use now like a
 fiat so no one cryptocurrency can be a competitor
of bitcoin.

[deisik]

The market share of Bitcoin is slowly decreasing because of the introduction of new kind of cryptocurrencies in which Bitcoin users invest their money during ICOs in which they will revert back to bitcoin. Bitcoin's dominance is seen on its price in which no other altcoins can match is price not even one can go close to it. I might say that it will still be dominant for a few years or so.

This may mean a lot, and this may mean nothing, depending on how you define a Bitcoin market share.

in this case these market shares are almost all defined by giant pumps solely on poloniex.

like so much related to market cap, it's a mirage. it is volume but that volume is happening largely in bitcoins. and these volumes are enabled by bitcoin's frictionlessness. i'd love to see fiat/alt volumes on coinmarketcap instead. it's speculation on top of speculation. all hot air.

they're probably significant fiat volume for certain coins but I wouldn't wait 3 days for a bank transfer so I could buy potcoin or something.

So what is your stance? I don't quite see where you are getting at. Is the alleged decrease of Bitcoin market share due to altcoins' offensive a mirage and not worth a dime, or is it for real after all? Personally, I think there might be some substance in such claims (i.e. some flashy and swanky altcoin eating away Bitcoin's market share) but mostly due to heavy hype and mass hysteria (see Ethercoin, or what's its name now), surely not on altcoins' own merits...

Needless to say that such "bites" at Bitcoin are no more than a gnat's sting

[European Central Bank]

So what is your stance? I don't quite see where you are getting at. Is the alleged decrease of Bitcoin market share due to altcoins' offensive a mirage and not worth a dime, or is it for real after all?
 

I think it's almost all bullshit that would vanish in seconds at the sign of some real trouble or bitcoin looking like it was ready to make a significant move upwards. it's largely play money and all they want out of it is more bitcoin.

all alts only exist because of bitcoin and almost all alt trading happens only because of it. bitcoin enables it and more bitcoin is the end goal too.

[staff_1307]

All this can be explained by a progressive Bitcoin currency, which in the future will only improve.

[Sir Alpha_goy]

Bitcoin is utterly useless without the fiat currencies currently in place.

If it isn't then stop pricing it in fiat and see what happens.

I think you know what your competition is.

 

[deisik]

Bitcoin is utterly useless without the fiat currencies currently in place

Okay, let's run a thought experiment

Imagine that all fiat currencies disappear one day. Say, aliens abduct all governments, banksters, and other such fraudsters as well as destroy all these currencies, both paper and digital, without a trace. And then they fly away leaving all other things as they were and granting every human being an unlimited access to Internet as a farewell present. What do you think will happen next?

If it isn't then stop pricing it in fiat and see what happens

To stop Bitcoin from being priced in fiat, you should first remove fiat, altogether

[Bestwishes745]

You are definitely right but I will say that still the attempts of some new coins to here are the threats to bitcoin and they are just diversify the focus on people from bitcoin. It is true that bitcoin is much powerful but still it need the attention from everyone so that everyone promote only bitcoin. I will also add that currently bitcoin is in competition and that competition is with dollar which is currently a global currency.

[Sir Alpha_goy]

Bitcoin is utterly useless without the fiat currencies currently in place

Okay, let's run a thought experiment

Imagine that all fiat currencies disappear one day. Say, aliens abduct all governments, banksters, and other such fraudsters as well as destroy all these currencies, both paper and digital, without a trace. And then they fly away leaving all other things as they were and granting every human being an unlimited access to Internet as a farewell present. What do you think will happen next?

If it isn't then stop pricing it in fiat and see what happens

To stop Bitcoin from being priced in fiat, you should first remove fiat, altogether

I agree let's run an experiment.

Remove fiat from the equation completely.

Let's see how big of balls Bitcoin has.

The short answer is it doesn't have them.

As long as bitcoin is priced in fiat it will be it's competition.

The fact that it is priced in fiat shows that it was a get rich quick scheme.

Like an IPO without the stock exchange.

[QuestionAuthority]

Bitcoin is utterly useless without the fiat currencies currently in place

Okay, let's run a thought experiment

Imagine that all fiat currencies disappear one day. Say, aliens abduct all governments, banksters, and other such fraudsters as well as destroy all these currencies, both paper and digital, without a trace. And then they fly away leaving all other things as they were and granting every human being an unlimited access to Internet as a farewell present. What do you think will happen next?

If it isn't then stop pricing it in fiat and see what happens

To stop Bitcoin from being priced in fiat, you should first remove fiat, altogether

I agree let's run an experiment.

Remove fiat from the equation completely.

Let's see how big of balls Bitcoin has.

The short answer is it doesn't have them.

As long as bitcoin is priced in fiat it will be it's competition.

The fact that it is priced in fiat shows that it was a get rich quick scheme.

Like an IPO without the stock exchange.

Bitcoin isn't a get rich quick scheme, a Ponzi, a scam or other such nonsense. It has its faults and its faults are many but it's not an outright attempt to screw the money out of people. Bitcoin is an attempt to allow people to exchange value between themselves without an outside third party overseeing the transaction.

What is needed is an electronic payment system based on cryptographic proof instead of trust, allowing willing parties to transact directly with each other without the need for a trusted third-party. ~ Satoshi Nakamoto

https://bitcoin.org/bitcoin.pdf

If you wanted to call Bitcoin a failure then use the intended design and the words of its creator as your starting point. You're just blathering nonsense as fact.

Bitcoin fails to eliminate the need for trust hence the proliferation of exchanges. In its originally designed form it cannot be used for entire populations efficiently because it can't handle the massive volume of necessary transactions without redesign. Mediation of disputes is purposefully absent in Bitcoin and by design it forces outside parties that are no better than banks to handle transactions because of the need for mediation. Separate DROs, escrow services and multi sig transactions are attempting to "plug the holes" of bitcoins original design failure after the fact. Completely new designs like "Dark Wallet" are implementing these corrections. It's not possible for Bitcoin to be a stand-alone transfer of value because it has no intrinsic value like gold; therefore, it must be linked to a currency (for now) in order to give it a known and trusted value point. The biggest one, the granddaddy of all problems with bitcoins original design is simply that people fucking suck. They are lying, thieving, untrustworthy pieces of shit that need the set rules of a trusted third party to keep them from crapping all over each other.

Don't just spout out stupid shit. Prove your point with known facts. A good starting point is the whitepaper linked above.

[jubalix]

Bitcoin obviously does have comp, by the reason of the alts that take market share.

This is good though it forces innovation all over

[agamasrori]

Yeah, it's a reality of technology is such that, if in the future there is new technology that is more profitable and better than bitcoin then surely everyone will switch using bitcoin or they use both. This will not be a problem because it's still too far away and we enjoy what we're doing

It's money first, technology second. I doubt this forum would have more than a few hundred members if the whiff of money didn't hang around it.

You can't switch your funds and the trust earned to something new without risking setting a large amount of your funds on fire.

'Good enough' is an element that works in plenty of areas even when there's no money on the line. When there is, the incentive to improve, and tolerate, what you have overpowers every other thing.

There are always competition in any section, but it is fine becouse the competition make the competitor grow up then make a better future. Bitcoin has competitor to, that called altcoins

[iamTom123]

Definitely you are right. I was also one of those who thought bitcoin will get replaced with something else but all failed and yet bitcoin still lives stronger than ever. It is even immune to exchange hacks now, with those information in the hand and the possiblity of the WWIII because of the probability of Hitlery getting elected, there is only one way for bitcoin: > moon.

Well, good thing that Hillary Clinton lost via the electoral college system leading to the coming assumption of The Donald to the White House. Anyway, yes we have the same thing in mind. Bitcoin remains to be the most formidable digital currency not just because it is the first though. It already withstand the test of time and its acceptance is getting to be worldwide and soon even aliens can also be using Bitcoin lol. So many coins claimed to be the next Bitcoin but many of them have been gone for good.

[Sir Alpha_goy]

The biggest one, the granddaddy of all problems with bitcoins original design is simply that people fucking suck. They are lying, thieving, untrustworthy pieces of shit that need the set rules of a trusted third party to keep them from crapping all over each other.

Don't just spout out stupid shit. Prove your point with known facts. A good starting point is the whitepaper linked above.

I'm sorry you must have missed the run up in 2013.

About as fast and furious as you can get.

I don't need to read a whitepaper to figure out how today's overpaid American education system of higher learning produced this non ponzi.

Speaking of ponzi's  

https://bitcoin.org/en/faq#is-bitcoin-a-ponzi-scheme

Is Bitcoin a Ponzi scheme?

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money, or the money paid by subsequent investors, instead of from profit earned by the individuals running the business. Ponzi schemes are designed to collapse at the expense of the last investors when there is not enough new participants.

Bitcoin is a free software project with no central authority. Consequently, no one is in a position to make fraudulent representations about investment returns. Like other major currencies such as gold, United States dollar, euro, yen, etc. there is no guaranteed purchasing power and the exchange rate floats freely. This leads to volatility where owners of bitcoins can unpredictably make or lose money. Beyond speculation, Bitcoin is also a payment system with useful and competitive attributes that are being used by thousands of users and businesses.

https://www.youtube.com/results?search_query=bitcoin+price

https://www.google.com/?gws_rd=ssl#q=bitcoin+price

Floats so freely.

 

My sig will hurt your brain as it describes just how free floating Bitcoin is.

[QuestionAuthority]

The biggest one, the granddaddy of all problems with bitcoins original design is simply that people fucking suck. They are lying, thieving, untrustworthy pieces of shit that need the set rules of a trusted third party to keep them from crapping all over each other.

Don't just spout out stupid shit. Prove your point with known facts. A good starting point is the whitepaper linked above.

I'm sorry you must have missed the run up in 2013.

About as fast and furious as you can get.

I don't need to read a whitepaper to figure out how today's overpaid American education system of higher learning produced this non ponzi.

Speaking of ponzi's  

https://bitcoin.org/en/faq#is-bitcoin-a-ponzi-scheme

Is Bitcoin a Ponzi scheme?

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money, or the money paid by subsequent investors, instead of from profit earned by the individuals running the business. Ponzi schemes are designed to collapse at the expense of the last investors when there is not enough new participants.

Bitcoin is a free software project with no central authority. Consequently, no one is in a position to make fraudulent representations about investment returns. Like other major currencies such as gold, United States dollar, euro, yen, etc. there is no guaranteed purchasing power and the exchange rate floats freely. This leads to volatility where owners of bitcoins can unpredictably make or lose money. Beyond speculation, Bitcoin is also a payment system with useful and competitive attributes that are being used by thousands of users and businesses.

https://www.youtube.com/results?search_query=bitcoin+price

https://www.google.com/?gws_rd=ssl#q=bitcoin+price

Floats so freely.

 

My sig will hurt your brain as it describes just how free floating Bitcoin is.

Your post proves you understand nothing about what Bitcoin is and nothing about what a Ponzi is. Bitcoin has some major flaws but being a Ponzi isn't one of them.

[carlisle1]

I don't think that other Cryptocurrencies will take over the place of bitcoin and it is surely does have a competition, it still be the number 1 Cryptocurrency and it will never be the same with some alt coin that already failed in the market like what you have said bitcoin will remain the only solid coin that can survive for the longest time.

I think the same.
Altcoin to me is just a way to multiply my bitcoins, sometimes all my bitcoins are invested in a few altcoins but in the end i sell all of them for more bitcoins.

yeah, it is an easy way to make some good money if you are trading altcoins daily, in my opinion such trading might even make me rich in the future

yeah dude it could be possible to make a good money from alt coin trading and you it might even make you rich someday in the future I guess so well let's hope.