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Question: Why other new generation cryptocurrencies can replace bitcoin?
outdated technology of BTC - 14 (32.6%)
better security of new cryptocurrencies - 15 (34.9%)
anonimity of new cryptocurrencies - 5 (11.6%)
high volatility of BTC - 9 (20.9%)
Total Voters: 43

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Author Topic: Future of the BTC  (Read 7289 times)
pisston
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June 05, 2017, 06:27:38 AM
 #61

Only should a better technology ensue that Bitcoin can be replaced by another cryptocurrency. It's the pioneer cryptocurrency and Kk the others are copying from it so the only way to render it outdated is to present w new coin with a better technology than the current blockchain.
Bitcoin is a very good life for trade and investment. Only thanks to this crypto currency I can rise in my financial condition. I think that the future of Bitcoin also depends on the Bitcoin users themselves. I just want to raise the price for each of the Bitcoin community.
Yuuto
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June 05, 2017, 06:28:56 AM
 #62

I think many of us, have a huge problem with the volatility of the BTC. And also the technology behind the BTC is outdated. There are huge amount of the other new generation cryptocurrencies that are more secure and adopted to special needs of different economic and consum needs. I have a big problem with BTC because of the high volatility. So i found Minexcoin, that according to the whitepaper might be more stable and less volatile.

Bitcoin is volatile, i'll have to give you that.

however usually this volatility is in the right direction - up. You can tell from the charts that bitcoin is the best investment anyone could have made very easily from 10 years ago till now, achieving crazy returns that i can't even put up in numbers.

Why is the SWIFT network still in place? It's outdated. But it's got the usage of millions of banks around the world, and it's got trust. Same goes to btc. No other altcoin has the trust and status of btc.
cafucafucafu
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June 05, 2017, 07:37:23 AM
 #63

I think many of us, have a huge problem with the volatility of the BTC. And also the technology behind the BTC is outdated. There are huge amount of the other new generation cryptocurrencies that are more secure and adopted to special needs of different economic and consum needs. I have a big problem with BTC because of the high volatility. So i found Minexcoin, that according to the whitepaper might be more stable and less volatile.

Bitcoin is volatile, i'll have to give you that.

however usually this volatility is in the right direction - up. You can tell from the charts that bitcoin is the best investment anyone could have made very easily from 10 years ago till now, achieving crazy returns that i can't even put up in numbers.

Why is the SWIFT network still in place? It's outdated. But it's got the usage of millions of banks around the world, and it's got trust. Same goes to btc. No other altcoin has the trust and status of btc.

OP is just trying to advertise for another ICO that is completely worthless. Seriously OP? You really think that altcoins are going to take over bitcoin? And what makes you think that your particular altcoin "Minexcoin" is going to be the one altcoin taking over the #1 spot in the crypto world?

Bitcoin is the FIRST cryptocurrency. You can have better technology. You can have smart contracts. You can have colored coins. No matter what it is, people know that bitcoin is the FIRST cryptocurrency. And being the first cryptocurrency, bitcoin already established its reputation. Ask people whether they know about bitcoin, maybe 5, 6% of the population of the US will know. Ask them about the 2nd crypto, ethereum. Probably only 0.01% knows.

bouren
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June 05, 2017, 04:15:27 PM
 #64

I think many of us, have a huge problem with the volatility of the BTC. And also the technology behind the BTC is outdated. There are huge amount of the other new generation cryptocurrencies that are more secure and adopted to special needs of different economic and consum needs. I have a big problem with BTC because of the high volatility. So i found Minexcoin, that according to the whitepaper might be more stable and less volatile.

So if you are in cryptocurrency world, you need to know volatility is the essance of cryptocurrency. If we are seeing so much people getting attract towards btc and other alts are only because unexpected rise is coins every day.
And as far as btc is concerned, I don't feel there is any coin worth till now which could beat it. Stability is not any cause of distress for bitcoin ecosystem.
For the last month we see activity in the Bitcoin market and this brings double satisfaction, because my Bitcoin is growing in price several times. And despite some hesitation, the Bitcoin comma goes down but immediately goes up and reaches a new level. I would not be surprised when in the summer we will leave 3000 dollars for Bitcoin.

Agreed! The newer phase of bitcoin users whom bitcoin was unknown till 2016 have joined the possession. As a result of which bitcoin market is now over and above the nominal rise (rise in prices of bitcoin due to speculative activities) to an era of actual rise (rise due to increased users and flow). Thus enabling bitcoin to spread wider in nations and inducing government to regulate and legalize the use of bitcoin.
These all factors ultimately contribute to rise in price.
Mpamaegbu
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June 06, 2017, 03:12:32 AM
 #65

It depends on how you handle the volatility, for the one that invest in bitcoin the volatility seems so annoying, but for the trader volatility is good because it can make the traders earn money, and I know that there are a lot of new coin that got better feature than bitcoin but the investor is more believe in bitcoin and bitcoin has been adopted in many country, so in order to replace bitcoin you need a lot of users and that coin need to be implemented in different sectors in all countries

Please, can you do us the favour of listing those coins as indicated in bold. Your rank says "Legendary" I can trust your judgement.


Besides, volatility may be annoying for buys but not those who trade the Bitcoin because traders need that unsteady movement to make gains. Either bearish or bullish.

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arcanayou
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June 06, 2017, 04:27:23 AM
 #66

I know there is nothing lasting in this world, bitcoin too, people used to use gold as a medium of exchange, then replaced with paper money, then credit cards appear, all will be replaced in time. But I think bitcoin will last for another decades, just like gold is still valuable, I think bitcoin will still be valuable
hase0278
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June 06, 2017, 05:49:40 AM
 #67

If btc were to be replaced in the future, it is because btc is an outdated technology in cryptocurrency in the future. Unlike you OP who does not like high volatility of btc, It ain't that big of a problem for me because I see those price movements as a chance to earn money quick and I don't think minexcoin would be better than bitcoin, I think minexcoin is yet another altcoin that might end up to be a shitcoin in the end. If scaling issue is solved the right way, there is a possiblity that in the future, btc will have better security.
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June 06, 2017, 06:01:59 AM
 #68

If btc were to be replaced in the future, it is because btc is an outdated technology in cryptocurrency in the future. Unlike you OP who does not like high volatility of btc, It ain't that big of a problem for me because I see those price movements as a chance to earn money quick and I don't think minexcoin would be better than bitcoin, I think minexcoin is yet another altcoin that might end up to be a shitcoin in the end. If scaling issue is solved the right way, there is a possiblity that in the future, btc will have better security.
When something is developed without any flaws then the productiveness won't get any improvement further. Same is gonna happen with the minexcoin. Bitcoin is not the same, more the challenges faced more it gets updated with the technology. Nothing seems to decline the value of bitcoin, because no where people have stopped using bitcoin. Only the adoption is getting increased without any discrimination in the country limits. Hope soon African countries will serve as a big market for cryptocurrencies.

syarifudin
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June 06, 2017, 06:05:45 AM
 #69

Of course with the rapid development of btc now with the popularity and the price is so high, I have confidence about the security of bitcoin would certainly be more stringent.
ActiveP
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June 06, 2017, 06:27:08 AM
Last edit: June 06, 2017, 12:45:01 PM by ActiveP
 #70

There is nothing wrong with bitcoin, it remains a pioneer and the coin with the most value at the moment. The votality is part of the attraction and unless you are a losing trader, it shouldn't be a big deal. Sure the technology could improve. You should change the thread title to the future of "Minexcoin"
ekoice
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June 06, 2017, 12:36:10 PM
 #71

I think many of us, have a huge problem with the volatility of the BTC. And also the technology behind the BTC is outdated. There are huge amount of the other new generation cryptocurrencies that are more secure and adopted to special needs of different economic and consum needs. I have a big problem with BTC because of the high volatility. So i found Minexcoin, that according to the whitepaper might be more stable and less volatile.
Volatility is an important feature of bitcoin.Traders use that volatility and gain profits by trading.Altcoins have more volatility than bitcoins.If you are to invest in altcoin instead of bitcoin due to volatility,then it would be a wrong decision.
matuson
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June 06, 2017, 12:46:13 PM
 #72

People still have very little trust in bitcoin, and Aldona especially. I don't know what future awaits the crypto currency. And I think that now nobody knows. What will happen once the state will begin to convert their Fiat money into crypto. Competition in this market is just beginning and the future is not determined.
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June 06, 2017, 12:50:38 PM
 #73

This will be an HOT summer, so i voted for high volatility of BTC. And we will see this especially on August, but high volatility will remain till the end of the year. After the storm, I guess BTC will be stronger!
DevilSlayer
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June 06, 2017, 12:51:34 PM
 #74

I think many of us, have a huge problem with the volatility of the BTC. And also the technology behind the BTC is outdated. There are huge amount of the other new generation cryptocurrencies that are more secure and adopted to special needs of different economic and consum needs. I have a big problem with BTC because of the high volatility. So i found Minexcoin, that according to the whitepaper might be more stable and less volatile.
Yeah you're correct. The problem of the bitcoin is the votality and the outdated technology. So there is a chance that many token will rise and can stand like a bitcoin. There are many tokens and coins that have a good quality.
jtipt
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June 06, 2017, 01:04:27 PM
 #75

I think many of us, have a huge problem with the volatility of the BTC. And also the technology behind the BTC is outdated. There are huge amount of the other new generation cryptocurrencies that are more secure and adopted to special needs of different economic
Well mainly the issue with bitcoin is its outdated technology as you said, well its not per say too old, but newer cryptos are better in the technological aspects. One of the biggest problems that restrict bitcoin is the block size, and we very well have debated about it a lot. Now for volatility, well it can be considered an issue but really I don't think its much of a big deal, bitcoin has always been volatile.
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June 06, 2017, 01:08:26 PM
 #76

I think many of us, have a huge problem with the volatility of the BTC.
Volatility is the name of the game of cryptocurrency. I have no idea that you knew back when dollar was still backed by gold it was extremely volatile too.
Only centrally controlled fiat can be steered to be less volatile.

And also the technology behind the BTC is outdated. There are huge amount of the other new generation cryptocurrencies that are more secure and adopted to special needs of different economic and consum needs. I have a big problem with BTC because of the high volatility. So i found Minexcoin, that according to the whitepaper might be more stable and less volatile.
BTC can be upgraded, and it will be scaled in August. Cryptocurrency is not only tech behind it - it is whole economic concept, the most important is initial distribution of tokens.
If any other coin would be so popular as BTC currently is, there will be problem with that coin too. For example recent ETH bottleneck problem.
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June 06, 2017, 01:12:36 PM
 #77

I know there is nothing lasting in this world, bitcoin too, people used to use gold as a medium of exchange, then replaced with paper money, then credit cards appear, all will be replaced in time. But I think bitcoin will last for another decades, just like gold is still valuable, I think bitcoin will still be valuable
As long as people use bitcoin and some serious flaw and exploit is found in the software i do not think it will be outdated just like that and after a long time we are seeing the golden period of bitcoin where the price is soaring at impossible valuation which i could not imagine a couple of years back.
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June 06, 2017, 01:36:53 PM
 #78

I believe bitcoin has a good future. In my vision bitcoin will be one of our country's money currency that one day bitcoin will be accepted as a money in change of the commercialized products that we have herein the Philippines. Because nowadays there are some stores that are accepting bitcoin as money.
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June 06, 2017, 10:21:21 PM
 #79

I believe bitcoin has a good future. In my vision bitcoin will be one of our country's money currency that one day bitcoin will be accepted as a money in change of the commercialized products that we have herein the Philippines. Because nowadays there are some stores that are accepting bitcoin as money.
in fact the step has already been taken by the japan and the other have to follow them. i am sure that very soon the number of then countries who have accepted bitcoin will increase from time to time. as japan has made the route clear for other countries and very soon the other countries will also take the step and will consider bitcoin as legal currency. i am hopeful that my country will also be one of these countries who will accept bitcoin.
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June 07, 2017, 03:28:17 AM
 #80

I believe bitcoin has a good future. In my vision bitcoin will be one of our country's money currency that one day bitcoin will be accepted as a money in change of the commercialized products that we have herein the Philippines. Because nowadays there are some stores that are accepting bitcoin as money.
in fact the step has already been taken by the japan and the other have to follow them. i am sure that very soon the number of then countries who have accepted bitcoin will increase from time to time. as japan has made the route clear for other countries and very soon the other countries will also take the step and will consider bitcoin as legal currency. i am hopeful that my country will also be one of these countries who will accept bitcoin.

I also believe in a bright future for bitcoin. If we all believe I believe it will be true, many countries are beginning to legalize bitcoin, maybe still japan and russia, a few more years may be much to legalize bitcoin
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