Bitcoin has no competition

[1enterthebtc]

To be cocky and say there is no competition?  Probably the coin that will pass bitcoin has not even been built yet. Anything can happen.

[mikehersh2]

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.
Most people, along with myself, probably feel the same way, and use altcoins for the same purpose. The altcoin rate of change is much faster than bitcoins. While risky, the profits can present themselves much quicker than investing with bitcoin. But at the end of the day, all of that profit goes directly back into Bitcoin

[The_Dark_Knight]

Of course Bitcoin has competitors, all the other cryptos compete against Bitcoin. Not very successful right now, but this can change any minute. Also Gold serves a different purpose, because most use it not as an investment to make money, but to diversify. If the stock market and Bitcoin go bonkers, then you still have some value not like people who lost it all.

None of the other altcoins have even one-hundredth of the user-base which Bitcoin is having right now. They can't rival Bitcoin in popularity, reach and technology. That is the main reason why their exchange rates are not rising right now.

The main reason the exchanges rates of other coins are not rising is because right now there is a massive pump in bitcoin and so everyone wants to get a piece of the action, while other coins cannot rival the popularity of bitcoin to say they cannot rival bitcoin in tech its incorrect since there are other coins with very interesting algorithms and features.

[bitcoindusts]

Of course Bitcoin has competitors, all the other cryptos compete against Bitcoin. Not very successful right now, but this can change any minute. Also Gold serves a different purpose, because most use it not as an investment to make money, but to diversify. If the stock market and Bitcoin go bonkers, then you still have some value not like people who lost it all.

None of the other altcoins have even one-hundredth of the user-base which Bitcoin is having right now. They can't rival Bitcoin in popularity, reach and technology. That is the main reason why their exchange rates are not rising right now.

The main reason the exchanges rates of other coins are not rising is because right now there is a massive pump in bitcoin and so everyone wants to get a piece of the action, while other coins cannot rival the popularity of bitcoin to say they cannot rival bitcoin in tech its incorrect since there are other coins with very interesting algorithms and features.

This might be the reason for the weaker coins but if you see the stronger coins with solid community behind it.  They are going up in price along with bitcoin.  I can understand the reason behind dumping coins that has not much of development or strong development team because it won't go up that fast the same way Bitcoin is going up in price.  So better ride the uptrend of bitcoin that bagholding a non-uptrending altcoin.

[ufaiz50]

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.
Most people, along with myself, probably feel the same way, and use altcoins for the same purpose. The altcoin rate of change is much faster than bitcoins. While risky, the profits can present themselves much quicker than investing with bitcoin. But at the end of the day, all of that profit goes directly back into Bitcoin

altcoin rate of change is much faster than bitcoin because higher price and volume is smaller compared to other cryptocoin

[SamMurphy]

Now no other cryprocurrency  can compare with it. Over the years say that the btc has died hundreds of times, but not only dead but is evolving daily and has helped millions of people worldwide. so it can't has competition.

[TastyChillySauce00]

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.
Most people, along with myself, probably feel the same way, and use altcoins for the same purpose. The altcoin rate of change is much faster than bitcoins. While risky, the profits can present themselves much quicker than investing with bitcoin. But at the end of the day, all of that profit goes directly back into Bitcoin

altcoin rate of change is much faster than bitcoin because higher price and volume is smaller compared to other cryptocoin

Exactly, the more lower volume the easier those whales could control its price, for example an altcoin that having 24 hours volume with only 10 bitcoin when a whale suddenly came and pumping it with only 5 bitcoin which is half of the current 24 hours volume then the price could probably increasing about 100% or even more. And altcoin sometimes could lost its trust by their holders so it's more volatile compared to bitcoin

[deisik]

altcoin rate of change is much faster than bitcoin because higher price and volume is smaller compared to other cryptocoin

Exactly, the more lower volume the easier those whales could control its price, for example an altcoin that having 24 hours volume with only 10 bitcoin when a whale suddenly came and pumping it with only 5 bitcoin which is half of the current 24 hours volume then the price could probably increasing about 100% or even more. And altcoin sometimes could lost its trust by their holders so it's more volatile compared to bitcoin

Pumping doesn't work this way

If an altcoin has a trading volume of only 10 bitcoins daily (or something to that tune), it is essentially dead, and if some whale decides to pump this altcoin, he will only lose his money since there would certainly be a lot of people ready to cash out and forget about this coin for good. Pumping with subsequent dumping is used obviously for earning profits, and it is assumed that after the initial pump the price will continue to rise, at least for some time (so-called fear of missing out or panic buying), so that the dumping part would be profitable ("buy low, sell high")

[KennyR]

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.
Most people, along with myself, probably feel the same way, and use altcoins for the same purpose. The altcoin rate of change is much faster than bitcoins. While risky, the profits can present themselves much quicker than investing with bitcoin. But at the end of the day, all of that profit goes directly back into Bitcoin

altcoin rate of change is much faster than bitcoin because higher price and volume is smaller compared to other cryptocoin

The rate of change seems to be faster but it won't sustain long similar to the bitcoin price. Possibly if altcoins have similar potential on price sustainability the competence will be high. Now bitcoin has moved a step ahead competing with altcoins, so now competence is among them to follow bitcoin as runners.

[Mike Mayor]

Bitcoin has been steadily losing market cap dominance, from 90%+ just two years ago to ~80% today.

When it comes to exchange dominance it's just 66.4%.

This trend will probably continue and in a few years there will be people using cryptocurrencies that do not know what bitcoin is.

That is very interesting. I will assume it is probably true what you say about the 66% bitcoin exchange. There maany altcoins out there and many people looking for profits. It makes sense thst the % for altcoins is high. I wonder when it will hit 50/50 ?

[klf]

Now no other cryprocurrency  can compare with it. Over the years say that the btc has died hundreds of times, but not only dead but is evolving daily and has helped millions of people worldwide. so it can't has competition.

Yes in the present situation the Bitcoin is the king of cryptocurrency. No other currencies will compete with bitcoin now. But we are not sure how many days the BTC will maintain his reputation. As you said, lot of times the BTC has died in the past, so we are not sure it may be repeated again in future. But as per now according to me, there is no competition against Bitcoin.

[agamasrori]

Bitcoin has been steadily losing market cap dominance, from 90%+ just two years ago to ~80% today.

When it comes to exchange dominance it's just 66.4%.

This trend will probably continue and in a few years there will be people using cryptocurrencies that do not know what bitcoin is.

That is very interesting. I will assume it is probably true what you say about the 66% bitcoin exchange. There maany altcoins out there and many people looking for profits. It makes sense thst the % for altcoins is high. I wonder when it will hit 50/50 ?

Yes so many people buy altcoin just for make profit in bitcoin. Altcoin developer is want to create eco frendly alghorithm and lower energy usage, but some of them just wanna make profit from their coin so it just dump and pump. But I think bitcoin still has no competition.

[Senor.Bla]

Bitcoin has been steadily losing market cap dominance, from 90%+ just two years ago to ~80% today.

When it comes to exchange dominance it's just 66.4%.

This trend will probably continue and in a few years there will be people using cryptocurrencies that do not know what bitcoin is.

That is very interesting. I will assume it is probably true what you say about the 66% bitcoin exchange. There maany altcoins out there and many people looking for profits. It makes sense thst the % for altcoins is high. I wonder when it will hit 50/50 ?

Yes so many people buy altcoin just for make profit in bitcoin. Altcoin developer is want to create eco frendly alghorithm and lower energy usage, but some of them just wanna make profit from their coin so it just dump and pump. But I think bitcoin still has no competition.

You just can not convince some people. Even if you bring a very good argument and they kind of acknowledge it, but then the "but i still think" comes. Bitcoin price is rising like stupid, but also the top altcoins are rising. Let me guess, it is just speculations with the altcoins but Bitcoin is rightfully rising?

[Monnt]

Of course Bitcoin has competitors, all the other cryptos compete against Bitcoin. Not very successful right now, but this can change any minute. Also Gold serves a different purpose, because most use it not as an investment to make money, but to diversify. If the stock market and Bitcoin go bonkers, then you still have some value not like people who lost it all.

None of the other altcoins have even one-hundredth of the user-base which Bitcoin is having right now. They can't rival Bitcoin in popularity, reach and technology. That is the main reason why their exchange rates are not rising right now.

The main reason the exchanges rates of other coins are not rising is because right now there is a massive pump in bitcoin and so everyone wants to get a piece of the action, while other coins cannot rival the popularity of bitcoin to say they cannot rival bitcoin in tech its incorrect since there are other coins with very interesting algorithms and features.

With the more users joining in the bitcoin community and the price getting higher and higher, it is true that bitcoin has no competition for now.

But  it become harder and harder for people to buy it and harder for others to mine, so there are many who are switching to other cryptocurrencies and mining those so that when the time comes for them to rise they will have a chance.

[mrbigmugs]

I don't necessarily think that at this very moment competition is a good thing. I think the people need a coin that they can understand, they can trust, and they can adopt. Maybe in the future competition will be good, but for now I think it's necessary for one coin and one coin only to introduce the world to crypto currency. If more coins come along, that's of course never a bad thing.

I strongly agree with GMPoison opinion. This is not the time to have a competition in the sense of antagonism between currencies. Instead of it a healthy competition, in the sense of fair play would lead the crypto currencies to be done day by day better and earning mass adoption of people worldwide.

but in general we can say that there is no compitation of bitcoin because the other currencies are still too much far behind from bitcoin and bitcoin is on number one with respect to its price, services and the users,

[GMPoison]

I don't necessarily think that at this very moment competition is a good thing. I think the people need a coin that they can understand, they can trust, and they can adopt. Maybe in the future competition will be good, but for now I think it's necessary for one coin and one coin only to introduce the world to crypto currency. If more coins come along, that's of course never a bad thing.

I strongly agree with GMPoison opinion. This is not the time to have a competition in the sense of antagonism between currencies. Instead of it a healthy competition, in the sense of fair play would lead the crypto currencies to be done day by day better and earning mass adoption of people worldwide.

but in general we can say that there is no compitation of bitcoin because the other currencies are still too much far behind from bitcoin and bitcoin is on number one with respect to its price, services and the users,

There are probably a multitude of reasons why bitcoin is still far ahead but I sincerely think it's a great thing that we have one coin for everyone to put their support behind (for now at least), and that is bitcoin  

[bravehearth0319]

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.

Bitcoin is not competing any businesses in the entire world. But the other online business is competing bitcoin and some are cloning it because of the system of bitcoin has.

[Xenophoto]

but in general we can say that there is no compitation of bitcoin because the other currencies are still too much far behind from bitcoin and bitcoin is on number one with respect to its price, services and the users,

When it comes to price, dummy altcoins can make some lame coin and then set the price much higher than bitcoin. Of course no one would buy it but you get the point. The price doesn't always guarantee advantage over other coins. I think the number of users is one of the major factors that you should look at when you want to compare coins. People are the ones that make the price of a coin increase as well.

There are probably a multitude of reasons why bitcoin is still far ahead but I sincerely think it's a great thing that we have one coin for everyone to put their support behind (for now at least), and that is bitcoin 

If a total newbie would take a look at the price manipulation that has happened last night, his trust of bitcoin will be destroyed. Even other people would feel devastated as they watch the market movement yesterday.

[IIOII]

There's some innovation in the altcoin scene. However there will likely never be enough to outmatch Bitcoin. In my opinion you would need an entirely new concept to achieve that.

Altcoins serve as a testing ground for new ideas. The good ones might later be integrated into Bitcoin, while the original altcoin is abandoned. The network effect of Bitcoin is just too strong for any other outcome. The key factor for the attractiveness of a cryptocurrency is the size of its user base and development community. No altcoin can compete with Bitcoin in that regard.

[Bitcoin0916]

It seems so, when many altcoin made their competing so bitcoin keep speeding ahead. I think need a special strategy to be able to compete with bitcoin. Everyone will make bitcoin as priority number one after that they will think altcoin.