Bitcoin's threat

[akiraminai]

I really think that the creation of new E currency is a threat to bitcoin.
Like for example. Some investors may move their investments to other currency made.
If bitcoin for example has 100 investors in all, then several currency is made with the same value as bitcoin. (we say 3 currency)
then the 100 investors may move to other 3 currency to find more specific or easier way to earn money or inflate their investments.
Do you think these probability will occur?

[shaun98]

Don't think it is that big of a threat to Bitcoin. Most people view Bitcoin as the king of all cryptos, so it is quite unlikely for it to be overthrown in the near future. However, it may happen in like 5 years or something.

[Md.Sufian]

Bitcoin Forum is a problem in your account, by posting threats to Bitcoin , the problem is resolved . So it is very nice . I like it .

[syaripudin]

this is not a threat to bitcoin I think bitcoin will remain there until whenever it may be more precisely you should not say this is a threat akantetapi will cause a decline in bitcoin value. but I think even if it is true bitcoin prices will decrease I think this is not a threat it would be a good opportunity for investors who will re-invest in bitcoin with a large enough scale so that it will again pump the price of bitcoin becomes higher.

[Accessence]

Bitcoin has the networking effect and despite of so many other currencies coming out, BTC still dominates the market. If we are specifically talking about other currencies then yes there is space for more of those but chances are that BTC will always have a certain level of advantage.

[Lyne01]

I really think that the creation of new E currency is a threat to bitcoin.
Like for example. Some investors may move their investments to other currency made.
If bitcoin for example has 100 investors in all, then several currency is made with the same value as bitcoin. (we say 3 currency)
then the 100 investors may move to other 3 currency to find more specific or easier way to earn money or inflate their investments.
Do you think these probability will occur?

Bitcoin and other crypto currencies are different in many ways. Bitcoin is the first, original and have the highest price of them all. There are many coins now in the market but none has overrun the bitcoin. Investors will still stuck to Bitcoin because it has proven already in the market.

[maxj57634]

I really think that the creation of new E currency is a threat to bitcoin.
Like for example. Some investors may move their investments to other currency made.
If bitcoin for example has 100 investors in all, then several currency is made with the same value as bitcoin. (we say 3 currency)
then the 100 investors may move to other 3 currency to find more specific or easier way to earn money or inflate their investments.
Do you think these probability will occur?

The probability is 0 because new coins that are made are not well established and it will took many years before or could manage to get with the same price with bitcoin.
Investors of bitcoin doesnt necessarily move 100% all their money to new coins because the probability of the coin will fall down has a huge percentage.
Investors think about how to make more money if they have doubt on the coins they will not invest on it.

[dothebeats]

That's not how it works. In order for another crypto gain value, there must be some demand to it and for it to outweigh bitcoin's current position in the market, the demand must greatly exceed the suppl of that particular coin/token. Even if the 100 investors move altogether into the new currency, thousands would still remain trading bitcoin day in day out, meaning their disappearance from the bitcoin market is bearable. Value isn't created just because a group of investors says that their product is worth X; there needs to be some sort of demand before that value speaks for itself, so no, that isn't a threat to bitcoin at all.

[krishnapramod]

New cryptocurrencies are created every day. The question of threat arises whether a new cryptocurrency could have a network effect similar or greater than that of Bitcoin. From a technological/functionality/utility perspective, there are some cryptos that have some unique features than Bitcoin, but at the same Bitcoin is adaptable, technological implementations can be integrated according to demand/necessity. It would be inappropriate to say that Bitcoin would be dominating each and every aspect/functions associated with cryptos, but it is highly unlikely that any crypto would threaten Bitcoins well-established position as a deflationary saver coin or digital gold of cryptosphere.

[spyerf]

I really think that the creation of new E currency is a threat to bitcoin.
Like for example. Some investors may move their investments to other currency made.
If bitcoin for example has 100 investors in all, then several currency is made with the same value as bitcoin. (we say 3 currency)
then the 100 investors may move to other 3 currency to find more specific or easier way to earn money or inflate their investments.
Do you think these probability will occur?

I do not think this is a threat to bitcoin, even if there are other crypto currencies, I think it will still be in bitcoin. because bitcoin is the first trusted crypto currency that is still the highest value of other coins. Although other coins also have great potential to be invested, but I am sure if investors still will not leave bitcoin. they will still invest in bitcoin and invest some of it on other coins.

[timerland]

Bitcoin's biggest threat is banning or restrictions in major countries such as the US and China. Other than that, bitcoin should be golden  

Also, Bitcoin will face many troubles if China decides to heavily crack down on bitcoin mining. As we very well know, China is the major miner for bitcoins around the world, so if they get taken out of the equation, bitcoin can and most likely will seriously suffer.

However as for other altcoins, IMO they stand no chance. No other coin has the platform or the fan-base (so called fan base) to become a big thing. ETH is on the rise right now, however it has no cap, so as many can be mined as you want.

[loragean03]

i think its normal that those investors move to the another investment program but not to move all their assets to that because we all know that bitcoin is the no.1 leading crypto currency circulating online so theres no threat about that. many of us bitcoin investors are holding their own bitcoin to earn more profits in the future, and those another altcoins are just an option or alternative source of income.

[MakeMoneyBtc]

Dozens of new coins appear everyday and we can see that none of them can be better than bitcoin because it is the first and the original cryptoccurency. I dont think there can be another e currency that can become better than bitcoin because thats why bitcoin was created, to become the new e currency and help the world to avoid taxes from banks and governments.

Anyway there is a possibility that a new coin will become greater than Bitcoin because right now bitcoin has some disadvantages that a lot of people dont like. For example the fees, they are pretty high especially if are a company and you want to make dozens of small transactions everyday. The fees lead to a longer time for transactions to be confirmed because the higher the fee the lower is the time you need to wait.

[noictib]

I really think that the creation of new E currency is a threat to bitcoin.
Like for example. Some investors may move their investments to other currency made.
If bitcoin for example has 100 investors in all, then several currency is made with the same value as bitcoin. (we say 3 currency)
then the 100 investors may move to other 3 currency to find more specific or easier way to earn money or inflate their investments.
Do you think these probability will occur?

I don't think that it is a part of probability but it is already happening in this world of virtual currency , day by day new coins are coming and also investors are also attracting toward those new new coins regardless of the factors that they are profitable or not .
But here you can't see that people moves himself from Bitcoin investment but indirectly they are increasing the demand of Bitcoin because if they will buy the new coin or any altcoins then surely they will needed to have Bitcoin and in that case they will buy Bitcoin and so on .
So here with your argument we can't say that Bitcoin investors are going at another side in case of investment but in actual all of them are recycling Thier money .

[diouf67]

I really think that the creation of new E currency is a threat to bitcoin.
Like for example. Some investors may move their investments to other currency made.
If bitcoin for example has 100 investors in all, then several currency is made with the same value as bitcoin. (we say 3 currency)
then the 100 investors may move to other 3 currency to find more specific or easier way to earn money or inflate their investments.
Do you think these probability will occur?

So what you're saying is that someone may create another crypto that takes away from bitcoin? That's entirely possible but that competition is what will always push bitcoin and the others to be better. Without competition we would remain static and that would be worse for us as investors.

[Klestar]

I don't see the threat on creating coin like bitcoin, firstly that possibly coin that can create is also decentralized, safe and secure like bitcoin, it should have the better aspect of bitcoin and i think none of our technology can do that. Another is for the coin to be atleast $10000 it should have a high demand from the people and useful one as bitcoin.

[Pivo]

Threat? Is bitcoin a "state"? Why do you think, that movement some money from BTC to the other crypto is dramatically killing bitcoin?

[jefbigbob70]

Bitcoin is a measure of the cost for other altcoins. All crypto coins are nominated in it. It is connected in my opinion with the long life of bitcoins and the associated trust to it from people.

[TheUltraElite]

I really think that the creation of new E currency is a threat to bitcoin.

No. Bitcoin is and will be the king of crypto second to none.

Like for example. Some investors may move their investments to other currency made.

That is just an assumption. Also even if they did change the mode of investment from bitcoin to some altcoin how will that change the position of bitcoin? It does not depend on what the investors are thinking.

If bitcoin for example has 100 investors in all, then several currency is made with the same value as bitcoin. (we say 3 currency)
then the 100 investors may move to other 3 currency to find more specific or easier way to earn money or inflate their investments.
Do you think these probability will occur?

Investors invest in different currencies but bitcoin is the primary mode of purchase of any asset in crypto other than fiat. So when they sell bitcoin to buy some other coin another investors will pick that bitcoin and thus liquidity is maintained. Everyone is willing to grab their share of bitcoins and so its demand is always there.

[michkima]

I really think that the creation of new E currency is a threat to bitcoin.
Like for example. Some investors may move their investments to other currency made.
If bitcoin for example has 100 investors in all, then several currency is made with the same value as bitcoin. (we say 3 currency)
then the 100 investors may move to other 3 currency to find more specific or easier way to earn money or inflate their investments.
Do you think these probability will occur?

That is not true, it is not a threat. First of, there are a lot of e-currencies already before bitcoins were created. The truth is, bitcoins are the threat to e-currencies. As bitcoins offer much more than what conventional e-currencies offer. Then there is the fact that e-currencies are 100% centralized as compared to bitcoins which are decentralized. In e-currencies, the company can just suddenly say "your funds are forfeited". This can be seen with paypal actually.