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Author Topic: Bitcoin has no competition  (Read 43151 times)
boltz
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August 04, 2018, 03:42:23 PM
 #1621

Right now you're right, bitcoin has no real competition but in the next coming years things can change and maybe we will see a real bitcoin competitor but honestly I have my doubts that this will happen. I think the only way for bitcoin to be overthrone is by having a bitcoin 2.0 or anything similar but don't forget blockchain makes the bitcoin stronger.

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anil_saini01
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August 04, 2018, 03:47:16 PM
 #1622

Depends what you regard as a competitor.  Among cryptocurrencies, Bitcoin has no competition.  But Bitcoin has several functions, and some of these are taken up by other things (such as gold).
Chooroz
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August 04, 2018, 03:49:32 PM
 #1623

I agree with that, even if world will issue som eother cryptocurrencies, which will be better, faster and have bigger marketcap than Bitcoin, I think it will still be the #1
Well bitcoin has  no competition because until now no one crypto can able to move faster over bitcoin, and as long bitcoin alive i am confident that it will not be beat by other crypto and for me even the enst altcoin ethereum can not beat bitcoin because bitcoin is too strong.

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mak2017
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August 04, 2018, 04:05:55 PM
 #1624

Well bitcoin has  no competition because until now no one crypto can able to move faster over bitcoin, and as long bitcoin alive i am confident that it will not be beat by other crypto and for me even the enst altcoin ethereum can not beat bitcoin because bitcoin is too strong.

Bitcoin has no competition, not because some crypto can move faster than btc but because bitcoin is dominating the market still.
Almost 50% of market is bitcoin, and 1000+ altcoins what we see right now won't never make it, with years passing on we will see 90% of them just vanish.
Look at past years 2014, 2015 there were so many altcoins in top 20 which you don't see no more at this positions, they are simply forgotten as they don't bring nothing at all to the industry.
Bitcoin will always remain crypto number 1, this is my opinion.
BTC_BTC
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August 04, 2018, 04:29:45 PM
 #1625

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.
That's right, in the end everything will be converted into bitcoin.

altcoin is just a tool to double your bitcoin.
mamarried
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August 04, 2018, 09:05:38 PM
 #1626

Some of the guy is calling Ethereum as a competitor to bitcoin but I also support your opinion that it has no competitors at all. Everyone of those are just nothing comparable to bitcoin it's just similar things.
salalaman
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August 04, 2018, 09:12:10 PM
 #1627

I am not using any other crypto currency at the moment, but I don't think any of them will ever overtake bitcoin. Its the standard of all, its like money now, do you see money competing with anything else? I really don't see that. So I feel bitcoin will hold it own in the market and would probably keep growing.

Though bitcoin is the pioneer of the all the cryptocurrencies, some of the altcoins can bypass bitcoin price wise. Money is a currency so is bitcoin. Bitcoin is a digital currency. Lets take pounds and dollars for instance, one is heavy than the other in terms of their value so money do compete each other.
tokatuku
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August 05, 2018, 09:57:07 AM
 #1628

You should know about Bitcoin, it's pretty competitive, I do not think they will succeed. They may exist next to Bitcoins and may even be free in nature, but they can not beat Bitcoins unless one can invent something of value and technology that Bitcoin is providing. granted.
Kingsingle
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August 05, 2018, 10:08:39 AM
 #1629

It is not without competition that no coin can compete with BTC, so it is a good decision for us to hold the BTC for a long time.
Ahimoth
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August 05, 2018, 10:34:06 AM
 #1630

I agree with that, even if world will issue som eother cryptocurrencies, which will be better, faster and have bigger marketcap than Bitcoin, I think it will still be the #1
Well bitcoin has  no competition because until now no one crypto can able to move faster over bitcoin, and as long bitcoin alive i am confident that it will not be beat by other crypto and for me even the enst altcoin ethereum can not beat bitcoin because bitcoin is too strong.
As of this moment I really believe that bitcoin is still number one in the system but you can't take away its competitors. We can't deny the fact that bitcoin can be overtook sometime. Honestly I don't believe that bitcoin has no competition because there's a lot of threat out there which is about to come. I just hope bitcoin will be able to remain in its place.
AliMan
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August 05, 2018, 10:38:52 AM
 #1631

I agree with that, even if world will issue som eother cryptocurrencies, which will be better, faster and have bigger marketcap than Bitcoin, I think it will still be the #1
Well bitcoin has  no competition because until now no one crypto can able to move faster over bitcoin, and as long bitcoin alive i am confident that it will not be beat by other crypto and for me even the enst altcoin ethereum can not beat bitcoin because bitcoin is too strong.
Honestly I can't really agree that bitcoin has no competition because I know some coins our there operating on their own. Well it would be boring if bitcoin will do its work and there is no  competition. I honestly believe that bitcoin can't be confident despite its strong foundation because other system are there making themselves strong.

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Phinoy
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August 05, 2018, 10:52:49 AM
 #1632

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.

In every industry have a competition even in this networking industry have a competition so we don't get shocked even in bitcoin have a competition everything when about money involve there will be a competition.
mohammedmattar
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August 05, 2018, 10:59:26 AM
 #1633

Two years after the publication of topic
The question remains to be discussed
bitcoin is king but some currencies
She wishes to be in the lead days
The journey is still long
bitfocus
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August 05, 2018, 11:04:21 AM
 #1634

Very enthusiastic and very promising! really, bitcoin is always the king and will remain the same.
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August 05, 2018, 11:16:01 AM
 #1635

I think this is the same as banknotes that apply in countries around the world, there is competition, and bitcoin, if we look at the currency side, but if we look at it from an investment point of view in the crypto market there are many investors who hold other alts, but I'm sure if bitcoin is superior and most investors want to trade.
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August 05, 2018, 11:56:00 AM
 #1636

  At present I think that there is no competitors for Bitcoin since it is been more popular Bitcoin can be said to be the king of all cryptocurrency in the global system . Due to the privacy and security reasons Bitcoin has gained more popularity.. Bitcoin is likely to remain as the premier global digital currency since Bitcoin is the strongest one now it doesn't mean that there will be no competitors for ever . There are some crypto's that are close to Bitcoin ethereum the virtual currency that started on 2015 predicts that some day will catch Bitcoin .

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August 05, 2018, 12:07:33 PM
 #1637

in my opinion, I think that bitcoin in terms of pricing polyteka is not equal and will never be, since bitcoin is the father of all the crypto currency.
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August 05, 2018, 01:04:36 PM
 #1638

Bitcoin has been chosen as 1st digital currency. After many years of existing, Bitcoin has been accepted by many people in the world
and it is considered as central digital currency for swapping each other.
Bitcoin has no competition.
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August 05, 2018, 01:14:03 PM
 #1639

Bitcoin innovation is tried for quite a while and it is the first of its kind so bitcoin have bigger network and engineer underpins. In crypto world network bolster is the principle purpose behind achievement of coin as this expands advertise request. Bitcoin have additionally experienced a few difficult circumstance yet splash every one of those weight after some time viably. I likewise feel same, no any altcoin can rule crypto advertise simply like bitcoin.Bitcoin innovation is tried for quite a while and it is the first of its kind so bitcoin have bigger network and engineer bolsters. In crypto world network bolster is the primary purpose behind accomplishment of coin as this builds advertise request. Bitcoin have likewise experienced a few difficult circumstance yet drench each one of those weight after some time adequately. I additionally feel same, no any altcoin can overwhelm crypto showcase simply like bitcoin.
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August 05, 2018, 01:38:21 PM
 #1640

I believe Bitcoin will be the best cryptocurrency that ever existed in years to come. It has been the only coin that has been able to survive the ups and downs of the crypto market. Bitcoin has a very great potential and investing in it does not have any fears. I believe Bitcoin will never get a competitor.

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