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Author Topic: Bitcoin has no competition  (Read 43147 times)
Chris_Costales
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August 25, 2018, 11:08:39 PM
 #2001

It is actually true. Bitcoin is a market regulator. It is protecting all the other cryptocurrencies. When the virtual money market fell down last time, Bitcoin was the only who was strong enough to pull back the bull. Moreover, it is the most popular of the crypto. For that reason it is unique and has no competition. It was the first one to be created as well. All the others have just followed and tried to propose something. Bitcoin has more utility and can be used for purchasing purposes. It can also be used as world currency and it has no political links, just like the others. For me, it is the best now.
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rukawa101
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August 25, 2018, 11:25:13 PM
 #2002

We can say that from now it does not have any competitors because other cryptocurrencies are still far from bitcoin to be compared with but who knows what might happen
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August 25, 2018, 11:46:09 PM
 #2003

You are correct that bitcoin will stay on the top triumpant. Even with the fall of the cryptocurrency market bitcoin manages to survive and stay on top.  Yet everyday new coins are coming in trying to get into the crowded space of cryptocurrency. And so competition is getting rough. Though until now none had ever dethroned bitcoin, but the sales could have gone up if none of these coins existed to create a competition. Of course they are made for a special purpose and hence it is impossible not to get customers for them to have sales.
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August 26, 2018, 12:22:27 AM
 #2004

At the time passing it has no competition but may be in future it have competition. bitcoin is world largest currency and other cryptocurrency price is depend upon bitcoin price than how any currency take competition with bitcoin.
Aris novianto
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August 26, 2018, 01:20:32 AM
 #2005

now Bitcoin does not have competition and bitcoin prices decline every day, I have not dared to invest because the price of bitcoin is not stable, and bitcoin has no competence.

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August 26, 2018, 01:53:18 AM
 #2006

You might have been right at that time but right now I dont think you are right in thinking that Bitcoin has no competitors. Coins like Ethereum and IOTA pose a very serious threat to the number one position of Bitcoin. And I think that lightning network is the only thing that can save it from being replaced as the king of the crypto markets.
Bitcoin remain the leader in cryptocurrency because bitcoin has no competitors at the same level, in the sense that the quality, quantity and price of bitcoin is very far from other altcoins. Bitcoin is the first to be made, which means opening the door to the world of digital currency.
Alogme23
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August 28, 2018, 12:21:35 PM
 #2007

Bitcoin has no opposition. Bitcoin is the widely recognized cryptocurrency, and it's miles the first decentralized peer to see currency and everyone can create an account in Luno or coinbase to shop for and sell bitcoins. you may also purchase tokens for ICO with bitcoins, even though other coins are trying to compete Bitcoin but they could not becuase Bitcoin has ruled.
sagittarius1
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August 28, 2018, 12:54:19 PM
 #2008

Bitcoin innovation is tried for quite a while and it is the first of its kind so bitcoin have bigger network and designer bolsters. In crypto world network bolster is the fundamental purpose behind accomplishment of coin as this expands advertise request. Bitcoin have likewise experienced a few difficult circumstance yet drench every one of those weight after some time adequately. I likewise feel same, no any altcoin can overwhelm crypto showcase simply like bitcoin.
automaticmoney
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August 28, 2018, 12:58:01 PM
 #2009

Bitcoin got no competition it is free from all competition no coin is incomparable with bitcoin technology reputation and mass adoption it is money of future
axxo
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August 28, 2018, 01:20:21 PM
 #2010

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.

That is true bitcoin will remain the solid coin and still the mother of all crypto currencies. All those who think that bitcoin will outgrow by another coin well it will take a long time before it would happen.

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Tinker18
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August 28, 2018, 01:33:31 PM
 #2011

For me bitcoin has no competition because bitcoin has good working potential even bitcoin popularity level keeps increasing.  No one can be the first coin and no one can be the creator of the blockchain technology.
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August 28, 2018, 01:37:37 PM
 #2012

Alternative crypto-currencies also gain momentum, seeking to gain a foothold in the non-cash world of the future. Here are the five main competitors of bitcoin with a capitalization of more than $ 5 billion: Etherium, Ripple, IOTA, Dash, Lightcoin.

That's true, but for now I think Ethereum is more powerful than other types of coins because almost all projects and people have Ethereum.
Kadot amoh
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August 28, 2018, 01:45:00 PM
 #2013

it's true that bitcoin doesn't have competition and bitcoin doesn't have a good price, the price of bitcoin is now unstable, all prices in the trade market are scaled, never invest in the trade market.

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August 28, 2018, 01:56:35 PM
 #2014

I think it is very productive if there would be competitions among Bitcoins and other digital coins. This will result into various of development, improvement, and adjustment for each digital money. These changes may lead to the success of the digital society and might reach the great future of Bitcoin. Thus, keeping the flames and arguments in the project of digital money is very important aspect of this procedures.

It is a win-win reward for everyone.
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August 28, 2018, 01:58:40 PM
 #2015

BTC should be the one which will take dominance of the market in the future, it is really common to people rather than other alts like Ripple or Eth and other alts, and Bitcoin is really great when it comes on investing (FOR NOW) while it is still low in its price.
nehemiah31
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August 28, 2018, 02:07:39 PM
 #2016

I think bitcoin has no competition because it is known already as the king of the crypto.Many people use it.Though there are also a lot of cryptocurrency hat the world market but nothing beats bitcoin.
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August 28, 2018, 11:17:20 PM
 #2017

In my opinion, it has one major competitor and it’s Ethereum. It has everything that a leading coin must have. Don’t you think so?
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August 28, 2018, 11:25:57 PM
 #2018

I agree, no one can compete with Bitcoin until now because all other types of coins are still based on the price of Bitcoin.
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August 28, 2018, 11:49:24 PM
 #2019

Definitely has competition and also there are other coins that are used for different purposes that bitcoin will never fill the gap for which provide more solutions that bitcoin will never have. Digibyte is an example of one and is in constant development it already has lower fee's and can maintain higher TPS.. Maybe bitcoin will set the standard and after the elimination of the other 2000+ coin's there definitely will be a dozen left standing.
John1122
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August 29, 2018, 12:37:48 AM
 #2020

Yes, I think so. There is no competitor of Bitcoin at present. Any other Altcoin is not close in price or volume with bitcoin. people buy Altcoin for profit, after that they sell that coin and back to the BITCOIN. SO I think Bitcoin has no competition.
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