Bitcoin has no competition

[Sithara007]

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.

I have seen a lot of people losing their money on altcoins. Even I have lost a small amount of my coins investing in these currencies. Unless you are very lucky, you will end up with a loss.

[NeuroticFish]

Right now it's hard to predict what is going to happen. The chances that Bitcoin loses its dominance are small indeed.
And luckily we also start to see some development in the direction to not let Bitcoin fall behind.

But Bitcoin is getting old and some of the younger coins are built with stronger architecture (better block times, bigger or var-sized blocks, maybe anonymous..).
Right now the power of Bitcoin stays in the huge number of miners behind it. But that started to split. Bitcoin <Whatever> coins are forked from Bitcoin promising to fix this and that. Miners are lured in various directions. Some fear centralization and the Chinese miners. Some started giving up mining because it's not profitable enough. Will the hash power start declining? We don't know now. But that is too a possible future.

However, today Bitcoin has indeed no competition... yet.

[LFC_Bitcoin]

Altcoins keep coming, being promised as the new chief cryprocurrency but they have one thing in common.
They're all pieces of shit that get pumped & dumped by a handful of big players before the hype dies down, people lose interest & then the next wannabe comes along.

[DimensionZ]

I second that but I have to admit that it's easier to get some profit mining alt coins than Bitcoin at the moment. And it's possible to mine with GPUs at home which is very convenient. But yeah altcoins are popular only for some time and then they disappear contrary to Bitcoin which will outlast every alt coin in existence. I would say alt coins are good for very quick earnings while Bitcoin is good for keeping as a store of value. Mine alt coins, sell during their hay-day, exchange to Bitcoin, profit 

[Yutikas_11920]

Altcoins keep coming, being promised as the new chief cryprocurrency but they have one thing in common.
They're all pieces of shit that get pumped & dumped by a handful of big players before the hype dies down, people lose interest & then the next wannabe comes along.

It is all indeed will be the case, if indeed all men can't wear bitcoin well or maybe there's the latest crypto is so much better than all of the existing crypto including bitcoin. Indeed it is likely that more and more crypto that appears allows the interest of people to use it, because everyone will think that crypto is not invaluable and is not a good place to seek advantage from it. All we get in the bitcoin did better and I think crypto will disappear is besides bitcoin

[bitbunnny]

It's true at the moment Bitcoin has no competition. New cryptocurrencies are appearing all the time, people hoping they will find ne "holy grail" but so far with no success. Bitcoin has the biggest value, it's spread all around the world, you can use it as a payment method, it's becoming more and more competitive to fiat money. Maybe in the future there will be more successful cryptocurrency but at the moment no chance.

[DRaGoN RaNTaRo]

It's true at the moment Bitcoin has no competition. New cryptocurrencies are appearing all the time, people hoping they will find ne "holy grail" but so far with no success. Bitcoin has the biggest value, it's spread all around the world, you can use it as a payment method, it's becoming more and more competitive to fiat money. Maybe in the future there will be more successful cryptocurrency but at the moment no chance.

Alt coins come and go but bitcoin is here to stay for the long run and without bitcoin nothing is possible and of anyone is being introduced into digital currency they have to talk about bitcoin first and then the rest of the coins. I do think the rest of the coins are just wanna be coins and truly bitcoin has zero competition.

[Xester]

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.

I have seen a lot of people losing their money on altcoins. Even I have lost a small amount of my coins investing in these currencies. Unless you are very lucky, you will end up with a loss.

The only trusted coin is bitcoin. Altcoins and shitcoins may disappear antime but bitcoin has already spread its roots and can exist even without the altcoins while altcoins cannot exist without bitcoins. In cryptocurrency industry if we want safe investment it is bitcoin that we need to place our capital in. Truly bitcoin has no replacement and competitors are from reaching the status of bitcoin.

[error08]

All those FUDsters that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bticoin is alive, the stronger it gets and the bigger the network effect. Sorry but there will not be a Bitcoin 2.0. Bitcoin will go to 100k+ per coin in the next 5 to 10 years, it will absorb all the value researched in the field if not directly through protocol improvements then through sidechains.

Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
There will be alts that pump really hard and make people millionaires, but no alt is going to surpass Bitcoin's strength and solidity. No coin will get a bigger marketcap. In the long term people holding 21+ BTC will be rewarded by history with rich-tier status for seeing the value in it before most people did. Do not let the FUDsters trick your mind or the trolls try to derrail the excellent job being done by Core devs.

Let's continue then our path towards inevitable triumph.

Definitely agree, I like the part of "people that have bitcoin will be rewarded with rich-tier status.
Bitcoin as the first digital currency create.d with so many advantages than any other traditional fiat money which could lead us to next generation of payment method.
I have faith in bitcoin in the future and always consider as my investment, let's see what would happen in 5-10 years later

[Yutikas_11920]

All those FUDsters that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bticoin is alive, the stronger it gets and the bigger the network effect. Sorry but there will not be a Bitcoin 2.0. Bitcoin will go to 100k+ per coin in the next 5 to 10 years, it will absorb all the value researched in the field if not directly through protocol improvements then through sidechains.

Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
There will be alts that pump really hard and make people millionaires, but no alt is going to surpass Bitcoin's strength and solidity. No coin will get a bigger marketcap. In the long term people holding 21+ BTC will be rewarded by history with rich-tier status for seeing the value in it before most people did. Do not let the FUDsters trick your mind or the trolls try to derrail the excellent job being done by Core devs.

Let's continue then our path towards inevitable triumph.

Definitely agree, I like the part of "people that have bitcoin will be rewarded with rich-tier status.
Bitcoin as the first digital currency create.d with so many advantages than any other traditional fiat money which could lead us to next generation of payment method.
I have faith in bitcoin in the future and always consider as my investment, let's see what would happen in 5-10 years later

Simply wonderful your belief about bitcoin and I think you do have the level of profits or good luck in the future if indeed bitcoin has extraordinary growth is good. Bitcoin is indeed a good digital currency, yet it all isn't necessarily good for the future. Because all the good things will definitely be replaced at something even better if there are indeed people who are jealous and make the same thing with better features. Just waiting until everything is clearly visible and feel your best

[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

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.

Is this all what you can support your position with?

Gold had been used as money for a few millenia while fiat has been around only for some two hundred years (maybe, a little more than that). Now gold is traded for fiat too. Does it mean that it is also a get rich quick scheme? And does it somehow change the fact that it had been used as a means of exchange for so long? As said before, Bitcoin has a lot of flaws, but its indisputable feature is that it has everything in it to be used as a currency on its own. Whether it is traded for fiat or used as a speculative asset (or both) is irrelevant to this

[Doamader]

It's true at the moment Bitcoin has no competition. New cryptocurrencies are appearing all the time, people hoping they will find ne "holy grail" but so far with no success. Bitcoin has the biggest value, it's spread all around the world, you can use it as a payment method, it's becoming more and more competitive to fiat money. Maybe in the future there will be more successful cryptocurrency but at the moment no chance.

Alt coins come and go but bitcoin is here to stay for the long run and without bitcoin nothing is possible and of anyone is being introduced into digital currency they have to talk about bitcoin first and then the rest of the coins. I do think the rest of the coins are just wanna be coins and truly bitcoin has zero competition.

Well sure people get introduced into crypto world with bitcoin, then they find the altcoins, in the general there arent more then 30 crypto altcoins worthing to invest at the moment, even knowing they have potencial to grow, but not to the level of bitcoin. Altcoins are now used to try to multiply and earn more bitcoins, this is the easy way to try to get bigger ammounts of bitcoin.

[karawantbtc]

Its not even worth arguing with people that say its ponzi or get rich. There are still people that think the earth is flat. et them believe what they want

[skyway1]

Yes has no competition because bitcoin is unique crypto currency which can be use for online shopping and there is a lot of crypto currency but we can not use them for shopping like as bitcoin so bitcoin technology is very modern than other currencies .

[mrkevio]

Yes has no competition because bitcoin is unique crypto currency which can be use for online shopping and there is a lot of crypto currency but we can not use them for shopping like as bitcoin so bitcoin technology is very modern than other currencies .

It has competition... All the altcoins are basically competitions for it. Online shopping can be done with other popular cryptocurrencies too, like Monero or Ethereum. It has enough competitors but being the first one out there gives it a big, big advantage over all the altcoins.

[upsidedown75]

Yes has no competition because bitcoin is unique crypto currency which can be use for online shopping and there is a lot of crypto currency but we can not use them for shopping like as bitcoin so bitcoin technology is very modern than other currencies .

It has competition... All the altcoins are basically competitions for it. Online shopping can be done with other popular cryptocurrencies too, like Monero or Ethereum. It has enough competitors but being the first one out there gives it a big, big advantage over all the altcoins.

I read somewhere that only bitcoin is a currency and all others are just an application. Yes if you closely watch if a new altcoins arrives it will be the talk of town and will be giving more profits to traders by gaining some decent percentage every day.

But, it will get just fade away when another altcoin comes into market. It happened with dash and will happen with ETH. Really bitcoin has no competition.

[Decoded]

Yes has no competition because bitcoin is unique crypto currency which can be use for online shopping and there is a lot of crypto currency but we can not use them for shopping like as bitcoin so bitcoin technology is very modern than other currencies .

It has competition... All the altcoins are basically competitions for it. Online shopping can be done with other popular cryptocurrencies too, like Monero or Ethereum. It has enough competitors but being the first one out there gives it a big, big advantage over all the altcoins.

Sure, all these new popular altcoins are awesome. But Bitcoin has a much bigger userbase and is looked upon as the most reliable. Remember what happened with Ethereum?

[BitMaxz]

Yes has no competition because bitcoin is unique crypto currency which can be use for online shopping and there is a lot of crypto currency but we can not use them for shopping like as bitcoin so bitcoin technology is very modern than other currencies .

Many competition out there that you can found in coinmarketcap almost all altcoin are competition of bitcoin. but bitcoin be still the one that we can use widely.. unlike other altcoin that there is limited site that we can use or i think you can only use them in gambling and no other useful from altcoin..
Unlike bitcoin right now that we can now buy items from amazon via purse.io we can buy domain hosting in namecheap other site like newegg accepting bitcoin..  
Altcoin is just making a copy paste of bitcoin that actually they are still not trusted unlike bitcoin that many people are now using it and trusting it

[Ewinsane]

it really that bitcoin has no competition because is very useful currency and bitcoin is available in anywhere in the world for online business and i think these are the good advantages of bitcoin so any one coin can get so there is no competitive coin against bitcoin.

[dearbesz1219]

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.

Agreed, we are in the same page pal, the things you do is also a thing what I'm doing right now, because I can't afford to buy bitcoin directly, so through altcoin I can earn bitcoin quickly by joining in the potential ico in the signature campaign. So I don't think its competing anyone.