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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outdated technology of BTC - 14 (32.6%)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 7259 times)
xypos
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June 10, 2017, 01:23:37 AM
 #101

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 And also the technology behind the BTC is outdated.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.

I actually don't have a problem with the volatility of bitcoin at all. In fact a lot of people prefer bitcoin to be volatile because that's what they make their living on - trading the difference of prices between two time points. It's also good in my opinion that bitcoin is constantly fluctuating like an asset is supposed to do - and generally it fluctuates upwards. There is really nothing to complain about. The code might be outdated but bitcoin has the trust of the community. This is something that altcoins cannot achieve.
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June 10, 2017, 01:39:59 AM
 #102

I hope the future of bitcoin is even better.
When we make a withdrawal money does not wait long again.
And expect a quick transaction like withdrawal at the bank.
😀😀😀

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June 10, 2017, 01:54:41 AM
 #103

I hope the future of bitcoin is even better.
When we make a withdrawal money does not wait long again.
And expect a quick transaction like withdrawal at the bank.

All issues of transaction delays are still a problem that hasn't got a good solution yet, but the segmented development step will allow for future transactions, I also hope that just like you, no one wants a setback from this virtual currency



 

 

 

 

 

 


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Quantumplation
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June 10, 2017, 03:55:05 AM
Last edit: April 22, 2021, 01:15:55 AM by Quantumplation
 #104

NOTE: This message was originally not posted by me, but instead by someone who compromised my account.  I have deleted the content.

NOTE: This account was compromised from 2017 to 2021.  I'm in the process of deleting posts not made by me.
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June 10, 2017, 04:00:57 AM
 #105

I think the future of bitcoin is about saving money, like gold. Secure asset to hide your finance of inflation etc.

Kelvin
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June 10, 2017, 04:25:28 AM
 #106

Bitcoin has a good future, because many countries are considering its adoption. Other crypto-currencies are not so strong and have no great prospects.
I didn’t know that there was a bunch of Countries looking to adopt Bitcoin. I know that people in certain countries are spectating Bitcoin to see how well electronic Currency is being introduced to the people in the world though I am pretty sure that some Counties will just build their own Digital Currency instead of adopting Bitcoin.


There a  lot actually. Some recognize btc as a means of exchange and other countries also  want to make there  own altcoin. But seeing the price some also would want to partake in that ordeal. Btc holds a high stake for the business world. Probably in time there are many ads about altcoins not just btc. Blockchain would then be earning through various transaction and probably other chains would be recognized around the world.
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June 10, 2017, 04:28:47 AM
 #107

I think the future of bitcoin is about saving money, like gold. Secure asset to hide your finance of inflation etc.

Maybe, and if some day BTC  becomes to be outdated technology that should not affect too much, unless the transactions took months to be completed which would be apart from uncomfortable boring, but who knows why the opposite might happen too, the fact that it is immutable in supply it does not mean that it will not undergo adjustments in other aspects that might be required in the future to compete with its rivals for calling them in some way, in that case could even become better than gold or lose most of its value in the worst case.
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June 10, 2017, 04:42:57 AM
 #108

I think the future of bitcoin is about saving money, like gold. Secure asset to hide your finance of inflation etc.

I think so too. Bitcoin is already considered to be a great way to store ones wealth for many and this trend in my opinion is going to only increase more in the future.

Fiats can collapse anytime in the foreseeable future and when this happens, bitcoin will play it's role as a global currency with a decentralized transaction validation network. It's truly awesome if you think about it.

I seriously wouldn't worry too much about fluctuations now because bitcoin is still young. Anything with a 40 billion market cap which is smaller than a lot of medium to large sized companies is going to fluctuate a lot. But as we get more people onboard and using bitcoin this volatility will drop.

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June 10, 2017, 04:52:12 AM
 #109

I think the future of bitcoin is about saving money, like gold. Secure asset to hide your finance of inflation etc.
It will be one use of bitcoin in  the future. Because of its characteristic to make the value of bitcoin higher, it will make people convert their total funds to bitcoin just to avoid decrease of value in their total wealth. Bitcoin will be a mediun of currency mostly in online stores.
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June 10, 2017, 05:56:39 AM
 #110

I think the future of bitcoin is about saving money, like gold. Secure asset to hide your finance of inflation etc.
It will be one use of bitcoin in  the future. Because of its characteristic to make the value of bitcoin higher, it will make people convert their total funds to bitcoin just to avoid decrease of value in their total wealth. Bitcoin will be a mediun of currency mostly in online stores.
Bitcoin will became more popular as time pass by so given that the bitcoin will be adopted in some or all countries that will make bitcoin price will go up so in that case bitcoin will be the medium of market trade in the real world. But I think the adoption of the bitcoin will take more time.

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June 10, 2017, 09:14:06 AM
 #111

The true value of bitcoin right now is that more and more people are buying into it. And would rather hold onto crypto that's more likely to gain than fiat. I still trust paper though and think somehow goverments will collude to crash the market. Not sure when: could be 10 years from now, but it's bound to happen as btc ensures people fly under the radar and can avoid taxes. Possible at the moment but with the adoption rate that could really mess with the system 3 - 5 years down the line.
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June 10, 2017, 06:40:03 PM
 #112

I think Bitcoin should have a bright future ahead of it. If it continues to grow on the same rate as it is growing, it will be having value of 4000$ or more by end of this year. Volatility of Bitcoin would not matter if you are thinking of investing for a long time.
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June 10, 2017, 07:08:14 PM
 #113

Sorry I can't vote because I think no new cryptocurrency will ever replace Bitcoin. Also I think that high volatility is inherent to any cryptocurrency, and even if you have a "stable" one right now because almost no one buys it, trust me it will become highly volatile as soon as it appears in the Top 100 on Coinmarketcap.

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June 10, 2017, 08:04:44 PM
 #114

Sorry I can't vote because I think no new cryptocurrency will ever replace Bitcoin. Also I think that high volatility is inherent to any cryptocurrency, and even if you have a "stable" one right now because almost no one buys it, trust me it will become highly volatile as soon as it appears in the Top 100 on Coinmarketcap.

It seems to me that ETH in a few years will become a competitor to bitcoin. Now its price has gone up and it's popular. In addition, it has advantages - fast transactions and commission. Maybe this substitution bitcoin
bitbob82
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June 10, 2017, 08:50:52 PM
 #115

I think Bitcoin should have a bright future ahead of it. If it continues to grow on the same rate as it is growing, it will be having value of 4000$ or more by end of this year. Volatility of Bitcoin would not matter if you are thinking of investing for a long time.
yes no doubt about that, bitcoin has really a very bright future, in fact  more people are now knowing about bitcoin, they want to invest their assets in bitcoin, the popularity of bitcoin s increasing too much and which is making bitcoin too much strong. which is really making the future of bitcoin more bright.
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June 10, 2017, 09:48:30 PM
 #116

I think Bitcoin should have a bright future ahead of it. If it continues to grow on the same rate as it is growing, it will be having value of 4000$ or more by end of this year. Volatility of Bitcoin would not matter if you are thinking of investing for a long time.
Thats right I think also bitcoin have bright future because everyear many people invest to the bitcoin so the pricr increase also everyear and bitcoin become more popular to everyear country. I think the highest price of bitcoin before the end of this year maybe $5000 and I hope it will happen. But no one knows what the prive of bitcoin in this yeat 2017.

 
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June 10, 2017, 11:15:00 PM
 #117

I think the future of bitcoin is about saving money, like gold. Secure asset to hide your finance of inflation etc.
It will be one use of bitcoin in  the future. Because of its characteristic to make the value of bitcoin higher, it will make people convert their total funds to bitcoin just to avoid decrease of value in their total wealth. Bitcoin will be a mediun of currency mostly in online stores.
Bitcoin will became more popular as time pass by so given that the bitcoin will be adopted in some or all countries that will make bitcoin price will go up so in that case bitcoin will be the medium of market trade in the real world. But I think the adoption of the bitcoin will take more time.
the users of bitcoin are already present through the world. but still most of the people have not yet consider bitcoin as legal currency.  but  i am sure that very soon some other countries are also using bitcoin
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June 10, 2017, 11:21:26 PM
 #118

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.
You may have in that things, actually because of the volatility of bitcoin many of the community are getting benefits on it and to others not.
But I really do believe that bitcoin will really become the world currency sooner or later.
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June 11, 2017, 01:29:20 AM
 #119

Minexcoin has been tested for its success rate and safety level as well as BTC. If not, what is the reason to switch from BTC ..
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June 11, 2017, 02:18:10 PM
 #120

Sorry I can't vote because I think no new cryptocurrency will ever replace Bitcoin. Also I think that high volatility is inherent to any cryptocurrency, and even if you have a "stable" one right now because almost no one buys it, trust me it will become highly volatile as soon as it appears in the Top 100 on Coinmarketcap.

It seems to me that ETH in a few years will become a competitor to bitcoin. Now its price has gone up and it's popular. In addition, it has advantages - fast transactions and commission. Maybe this substitution bitcoin

No doubt Ethereum is a good coin with great potential and probably people who spend most of their time in the world of cryptos will be using ETH more than BTC in the future. But those people comprise a very small part of the world population. Even Bitcoin users are in great minority, let alone users of other cryptos.

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