Bitcoin may not be number one for long

[deisik]

However, you are right about Ethereum not being intended as vehicle to store value....it's a whole different technology all together.  What's built upon the Ethereum network is what provides its value.  Bitcoin, on the other hand, is used as means to store value and that value is subject to the whims of those who decide what its value should be....as long as people have confidence in its utility, it will maintain its value.  But, when you start witnessing a stronger demand for the more utilitarian technologies, then you can bet that the value of bitcoin will be tested.

Strictly speaking, Bitcoin is not intended for that purpose either

It is just a side effect of a currency, i.e. if something is intended to be used as a currency (and a good currency at that), it should keep its value over time (more or less). Neither Bitcoin is intended to be a vehicle for speculation but things are as they are. Gold is just a metal like many other metals out there, it is humans which like shiny and solid things that made gold into a means of payment and a store of value. Nature never intended it to be used in this manner. In fact, it can't even intend as such. So this point is meaningless while its discussion is basically an exercise in futility and stupidity. If something keeps its value more or less constant (still better if it rises with time), you can be dead sure it will be used as a store of value (provided it is handy and convenient to use, of course)

[The_Dark_Knight]

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

To be honest if bitcoin were to collapse due to political reasons, I think the next coin in the race will be Litecoin and not Ethereum many don’t like Ethereum and think it is centralized, but Litecoin is basically bitcoin with segwit already activated, so to me that would be the best option.

[guoyu78]

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.

yes you right ethereum cannot take palce from bitcoin. Because  bitcaoin have more value than ethrium and bitcoin are adopt by many countries as a trancastion that i thing bitcoin is already number one currencey

yes of course we all know that ethereum cannot replace bitcoin in future because tbitcoin value is very much high and also the price of bitcoin is very much high and ethereum price is very much less than bitcoin and also the adoption of bitcoin is very much high and if the bitcoin get more progress and countries adopt it then it will the number one currency for long time.

The other reason which is making bitcoin number one is that bitcoin is being used by many companies in their businesses while ethereum is noy used in amy business of the world but it is mostly used for the purpose of trade which is not a strong support for ethereum.

yeah a lot of companies adopting and using bitcoin because bitcoin going to popular currency and it will No.1 currency of the world we know that everyone choosing the bitcoin for online payment or for other online transaction so its the reason bitcoin will be No.1 in the future.

[Nevis]

Yeah clear and sa truth that may come up along in our long way into cryptocurrency in future years,bitcoins is strong and top for now but the thing is can it adopt to changes and competition witht this new altcoins that competing against it

[Karmakid]

Newer technology on future altcoins that will be release few years from now i think will be the cause of bitcoin falling from being number 1,bitcoins still uses an somewhat old technology on their company so more advance technology may be a threat

[Ethan_Locke]

Bitcoin will be fine.

[erickkyut]

Bitcoin is still on the number one spot and the coins next to it are too much far from its tail. Right now, we cannot conclude that they can overcome Bitcoin because it is also increasing in price value.

[siti25]

Bitcoin is still on the number one spot and the coins next to it are too much far from its tail. Right now, we cannot conclude that they can overcome Bitcoin because it is also increasing in price value.

It is already evident, that bitcoin will always be the foremost. And now that is quite popular is the ethhereum that is on the market will become or even surpass the bitcoin in the current price. But it will be difficult, because we all know that bitcoin is a mecca of other coins

[krankNL]

Bitcoin is still on the number one spot and the coins next to it are too much far from its tail. Right now, we cannot conclude that they can overcome Bitcoin because it is also increasing in price value.

The measure we take is important here for the comparison of bitcoin with others. What is the criteria? If we're talking about market cap, with excessive mining of ethereum, bitcoin can be bypassed by ethereum. Otherwise, no.

[Sadlife]

Bitcoin may be replaced by an altcoin is unthinkable and impossible, tell me how much does support does ethereum has compared to bitcoin with it's current market cap $45,201,034,552 while ethereum is still ligth years away from btc. In terms in dominance i could say that bitcoin has many users, traders, investors and also it is widely use as a paymeth method in both local and online businesses, other goods and services can be paid in bitcoin, another thing is that bitcoin can actually be converted into real money while ethereum has none of it.

[shimbark123]

Of course a thing couldn't be always number 1 in the list. I say everything means evrything that is number one in this eorld. So there is a chance but it'll take so many years for another coin to take this giant(bitcoin) down.

[Skieleton]

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.

yes you right ethereum cannot take palce from bitcoin. Because  bitcaoin have more value than ethrium and bitcoin are adopt by many countries as a trancastion that i thing bitcoin is already number one currencey

yes of course we all know that ethereum cannot replace bitcoin in future because tbitcoin value is very much high and also the price of bitcoin is very much high and ethereum price is very much less than bitcoin and also the adoption of bitcoin is very much high and if the bitcoin get more progress and countries adopt it then it will the number one currency for long time.

The other reason which is making bitcoin number one is that bitcoin is being used by many companies in their businesses while ethereum is noy used in amy business of the world but it is mostly used for the purpose of trade which is not a strong support for ethereum.

yeah a lot of companies adopting and using bitcoin because bitcoin going to popular currency and it will No.1 currency of the world we know that everyone choosing the bitcoin for online payment or for other online transaction so its the reason bitcoin will be No.1 in the future.

I agree with guoyu78. BTC will always be number one currency even when another cryptocurrency approaches the BTC price. BTC is just safe.

[Daniel91]

Bitcoin may be replaced by an altcoin is unthinkable and impossible, tell me how much does support does ethereum has compared to bitcoin with it's current market cap $45,201,034,552 while ethereum is still ligth years away from btc. In terms in dominance i could say that bitcoin has many users, traders, investors and also it is widely use as a paymeth method in both local and online businesses, other goods and services can be paid in bitcoin, another thing is that bitcoin can actually be converted into real money while ethereum has none of it.

I agree with you.
Right now, bitcoin have no real alternative.
We are first, have strongest foundation, many merchants on our side...
Still, we have to be aware that things are changing very fast in Internet.
If Bitcoin will not change fast enough, some other crypto currencies may replace it, in the long term.
Many users are already very unhappy with high fees and confirmation waiting time.

[hisuka]

Bitcoin is still on the number one spot and the coins next to it are too much far from its tail. Right now, we cannot conclude that they can overcome Bitcoin because it is also increasing in price value.

Yes bitcoin is still the number one it will not collapse. Ethereum will not surpass bitcoin and I think it will encounter down fall of its price.Therefore, bitcoin will stands strong among other cryptocurrency.

[chaser15]

Etherium really gives us spectacular price increase performance since it's inception but hey do others guy believe that is enough to replace Bitcoin? Let Etherium experience price incresae but no way it can surpass bitcoin. Bitcoin back in $200 price already used on some of the general services we need. Etherium breached $300 but I can't see even by few numbers using Etherium as mode of payment.

For other crypto to passed bitcoin, it's not with the price but for the usage.

[cpfreeplz]

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

Lol OP doesn't understand segwit2x so he started a thread to show his ignorance. Could you explain to me how bitcoins are "splitting" OP? Where do I get my two half bitcoins? Here I though I'd have 1 bitcoin on one blockchain and 1 bitcoin on another (dead) blockchain. Silly me.

[maokoto]

As I see it, Bitcoin is becoming more and more a tool to hold value for long periods of time. Many use it as gold or other investments that don't have a lot of movement. If it keeps on going in that direction, it will be quite fine.

You do not need a lot of transaction capability or very fast transfers when you do them only every once in a while. And that is what you do when you have an asset to hold value mostly. There are other coins for faster transfers (as LTC) and we can derive into having LTC for daily and fast use and BTC to store. Do not see a problem with that.

[equator]

Yes, it might be. Recently bitcoin is facing a problem with confirmation. It might take down bitcoin. On the other hand,  ether is rising very quickly. It can overtake bitcoin in future.

I think you are not updated with the latest problem ether facing same what bitcoin is facing even ether server is down and their is no transaction is going on in ether blockchain due to heavy transactions. So i think Bitcoin is number one and he will be number one always no other coin can over take him. They may rise for some time but in the end they will die as all other coins are controlled by their developers but bitcoin is control by their users

[karasuri]

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

I also thought about it. Now the ethereum is actively being developed. It is often used and its exchange rate grows faster than in bitcoin and without jumps.

[fanita]

I think bitcoin will not be number one anymore but bitcoin will continue to be number one.