Would Bitcoin ending up like Yahoo in the future?

[qwertyup23]

Yahoo was the first (?) search engine at the time when Internet started.  It was the pioneer in its field.  In the late 90's its market cap reached to a high closed to $120B.   Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.

After 22 years, Verizon bought it for $4.8B.  Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?

What do you think?  Please provide your reason(s) to support your view.

We may never know but anything is possible on the future. Right now, there are only 21 million bitcoins circulating around and that limits the life of bitcoins to its price. Since we know that bitcoin reigns as the number one cryptocurrency, we must take advantage of this opportunity to invest and earn to be ready when that time comes. We should be focusing first on increasing our profits rather than worrying in the future that may or may not happen anytime soon.

[Niya]

Yahoo was the first (?) search engine at the time when Internet started.  It was the pioneer in its field.  In the late 90's its market cap reached to a high closed to $120B.   Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.

After 22 years, Verizon bought it for $4.8B.  Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?

What do you think?  Please provide your reason(s) to support your view.

Yahoo wasn't an actual search engine in its early days, it was more like a directory. Then Google came, but it came with better ideas, better algorithm and a far better service than Yahoo!. No surprise they won in the long run. For Bitcoin, there are several altcoins which may have better features, but no one of them is far better than Bitcoin. By now, I don't think Bitcoin will be overcomed by another cryptocoin. But anything could happen in the next few years...

[nexus99]

It is a tricky question. A cryptocurrency with improved features might emerge, but it will have to gain the same level of trust and recognition that Bitcoin has at the moment. It will be hard to achieve that, but it is possible. There might be other hard forks and people might just turn to a suitably Bitcoin hybrid.

[Bitcoin Guy]

Right now the transaction fees on Bitcoin is too high.  It hinders people's adoptivity to Bitcoin .  The transaction fees need to drop to allow microtransactions cost justifable.  I am looking forward to the Lightning Network implementation. 

[stomachgrowls]

Yahoo was the first (?) search engine at the time when Internet started.  It was the pioneer in its field.  In the late 90's its market cap reached to a high closed to $120B.   Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.

After 22 years, Verizon bought it for $4.8B.  Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?

What do you think?  Please provide your reason(s) to support your view.

Its really possible since theres nothing on this world that cant be replaced and theres no permanent spot. Anytime it can really be replaced by anything which is more better and more updated than bitcoin but for now i see that it would be takes years for bitcoin to be replaced on its spot considering that its the father of all cryptos. Kicking it to its place would be somehow a tough job for alts and surely would takes time.

[Celsiuss]

Anything could happen also what happened to Yahoo. The thing is that we don't know the future. We'll never know if a new coin suddenly becomes THE coin.

[Raven91]

Could happen with bitcoin, everything that could not possibly be possible in this world...

Yes I believe that bitcoin would end up like yahoo in the future that bitcoin will be known and will be used by many such as the yahoo and other websites that are so useful to people nowadays.

[Malaya]

Yahoo was a good platform for social media media indeed. However Yahoo didn't strive harder like google. Like with many other known companies like Kodak, etc. Bitcoin has it's own future depending on how it will sustain the market. It needs a lot of planning and good implementation to keep it growing and moving.

[Lanatsa]

Yahoo was a good platform for social media media indeed. However Yahoo didn't strive harder like google. Like with many other known companies like Kodak, etc. Bitcoin has it's own future depending on how it will sustain the market. It needs a lot of planning and good implementation to keep it growing and moving.

Things do really fade away as the time goes by since there are new things would really come out and we cant stop it. You are right yahoo was a good platform but its popularity been really stolen when google came out. We dont expect for it too happen but we cant stop those events and since people do already decide on where they would go.

[Rj Manik]

The first search engine created was Archie, created by Alan Emtage in 1990.Yahoo was once at the top of popularity.Yahoo lost popularity because, I think it's have technical issu or people can't properly understood it.Bitcoin is not a first digital currency.It's date of introduction 3 January 2009.But at present it"s a decentralized currency.Bitcoin secure is so good.So Bitcoin will never end.

[balakang00]

Well, no one could predict what would happen in the future. Change is inevitable. But personally, I think it will prosper continuously since people is making it popular. Many and many people is investing and trusting the potential of this digital product.

[Wexnident]

Yahoo was the first (?) search engine at the time when Internet started.  It was the pioneer in its field.  In the late 90's its market cap reached to a high closed to $120B.   Three and a half years after Yahoo started, Google came out and gradually took away market share from Yahoo.

After 22 years, Verizon bought it for $4.8B.  Would Bitcoin ending up like Yahoo in the future and got beat up by new competitions?

What do you think?  Please provide your reason(s) to support your view.

Nothing is impossible. As far as I remember and if I'm not mistaken, Yahoo fell because other programs arise which has greater features and user interface including presentation and the likes. I think the competitor that time is friendster and then facebook came. Users find it better than yahoo, so same thing might happen to Bitcoin if there'll be a new coin that will be more profitable compared to it.

[Bitcoin Guy]

I love Bitcoin and have a considerable amount of stake in it and, although I would hate to see it happen, anything falls short relative to other subsititutes will eventually get abandoned. 

[gandiwa]

The relationship between the two is only being a leader at an industry at a time.
I don't see bitcoin having any other relationship with Yahoo, which is a privately operated company with very low efficiency, Bitcoin is the leading cryptocurrency and the current ETH HYIP showed that even more, with the instability of other altcoins.

[MMS2017]

As we see in the past that there is downfall of everything in this world with different time frame. Therefore nobody can say surely that there will be no down fall of this currency. But when one currency down the other will go up. And ultimately people will move towards them.

[Rajamuda]

Whatever happens to bitcoin later, myself has not really been able to predict exactly whether bitcoin will be the same as fate's Yahoo or not, which is definitely something that is booming will be more resistance or a lot of new things that affect it. But i think bitcoin will remain strong and continue to exist until the future along with its development which is increasingly competing fiat currency i guess, well hopefully bitcoin continues to exist until the future and still provide good benefits for everyone.

[yojodojo21]

There are so many coins in crypto currency world.
But, bitcoin is the best of all.

Let's say that, in the future there will be an another coin that is going to be popular,
Then, any bitcoiners will change the way they earn money, but it is not like yahoo .

Yahoo is famous on the day and so on, when it was made but after years. It gets down
And google raise up. Because google can do much better than yahoo.

Bitcoin is a cryptocurrency not a search engine and a browser.
So it will not end up like there is nothing to be deal with.

[rasmadisulaiman]

Bitcoin could end up like Yahoo if bitcoin does not have a step to anticipate other coin attacks like eth. Bitcoin should have features, facilities, updates and security like google steps that dominate the search engines now. Bitcoin should continue to clean up if it wants to continue to exist in the world of cryptocurency.

[Bitcoin Guy]

If Bitcoin can survive for at least the next 20 years and if its price (currently at $4190) can grow at an average of 32% per year, it would reach $1M in 2037.

[Sadnu]

We do not know the future as long as I know what will be the steps of bitcoins now will happen to her future. Because of the good bitcoins happening today I see that it has a positive future, The only problem is that the transaction fees are increasing with the rise of bitcoins. But I know it will be resolved in november where there will be a bit of improvement in bitcoins.