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Author Topic: bitcoin technology has been obsolete, why bitcoin prices still expensive?  (Read 349 times)
walemil
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July 19, 2018, 10:57:54 PM
 #81

Regardless of whatever shortcomings anyone may be finding for bitcoin, it still remains the foremost and most adopted cryptocurrency and it will be difficult for any altcoin to overtake bitcoin even after improving on the identified shortcomings.
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July 19, 2018, 11:19:30 PM
 #82

How is bitcoin technology outdated?

You have to understand that bitcoin only aims to be a decentralized and trustless currency, and anything else would be out of the scope of the bitcoin network. What other projects are trying to do with bolckchain right now is completely irrelevant, and doesn't mean that bitcoin is outdated or useless.

Bitcoin's value comes from the fact that it's intrinsically limited in supply, and this can't be manipulated, and its decentralization. It also comes from the fact that it's the first cryptocurrency, with probably the most practicality and adoption at the moment. It's not outdated, in fact, I think we're still in the early adopter phase of things. That's why bitcoin is valuable.

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July 29, 2018, 06:07:15 AM
 #83

It's true that it's there because Bitcoin is still Anonymos its founder and if Bitcoin wants to improve his self then I definitely need a lot of development team to create all that.

Society to Bitcoin is not concerned with its system but they are concerned with its security and trust.
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July 29, 2018, 06:22:51 AM
 #84

Even though there are new coins and platforms still bitcoin has the highest market cap and for any coin, the price is based on buy and sell orders so whales not gonna let crash bitcoin.

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July 29, 2018, 06:41:36 AM
 #85

Confidence in bitcoin makes it still of high value, a belief that keeps people from continuing to adopt bitcoin. Bitcoin has gained recognition as the best crypto coin and therefore bitcoin remains the most expensive value.

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July 29, 2018, 06:52:48 AM
 #86

How is bitcoin technology outdated?

You have to understand that bitcoin only aims to be a decentralized and trustless currency, and anything else would be out of the scope of the bitcoin network. What other projects are trying to do with bolckchain right now is completely irrelevant, and doesn't mean that bitcoin is outdated or useless.

Bitcoin's value comes from the fact that it's intrinsically limited in supply, and this can't be manipulated, and its decentralization. It also comes from the fact that it's the first cryptocurrency, with probably the most practicality and adoption at the moment. It's not outdated, in fact, I think we're still in the early adopter phase of things. That's why bitcoin is valuable.

Bitcoin is not outdated, the people saying this is probably invested in another coin and they want other people to invest in that, so they have to smack talk Bitcoin for those people to invest in all these other crappy coins. Some people also wants to brag that they are always better than other people, so they will say crap like this to boost their ego.

Bitcoin is constantly being "updated" and still years ahead of it's closest competition. Let those idiots invest in other Alt coins, they will soon learn that it was a massive mistake.  Wink

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July 29, 2018, 07:29:20 AM
 #87

If you think a replacement coin can come along for Bitcoin then why can't that coin itself be replaced?
Some things will probably be replaced but other things will be long lived standards. I hope development of Bitcoin focuses on becoming a standard and less on features that can be replaced
James_Hepp
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July 29, 2018, 07:33:16 AM
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 #88

How is bitcoin technology outdated?

You have to understand that bitcoin only aims to be a decentralized and trustless currency, and anything else would be out of the scope of the bitcoin network. What other projects are trying to do with bolckchain right now is completely irrelevant, and doesn't mean that bitcoin is outdated or useless.

Bitcoin's value comes from the fact that it's intrinsically limited in supply, and this can't be manipulated, and its decentralization. It also comes from the fact that it's the first cryptocurrency, with probably the most practicality and adoption at the moment. It's not outdated, in fact, I think we're still in the early adopter phase of things. That's why bitcoin is valuable.

Bitcoin is not outdated, the people saying this is probably invested in another coin and they want other people to invest in that, so they have to smack talk Bitcoin for those people to invest in all these other crappy coins. Some people also wants to brag that they are always better than other people, so they will say crap like this to boost their ego.

Bitcoin is constantly being "updated" and still years ahead of it's closest competition. Let those idiots invest in other Alt coins, they will soon learn that it was a massive mistake.  Wink

There's always room for improvement, and that is what bitcoin allows for itself. Sure, it may be a bit slow in regards to transactions, but at least it's secure. When the lightening network gets introduced then it will be next level transaction speed, and probably better than the other technologies offered by ripple and ethereum.

It's impossible for something so new to become obsolete so quickly. Especially if people are still pouring money into it and there is talk of formalizing it as an investment through an ETF. Bitcoin is just getting started. It may not be at the same level as other coins, but it has more attention, more investment, and therefore more potential to get ahead of those other coins.
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July 29, 2018, 07:38:36 AM
 #89

old and outdated? bitcoin or your self that outdated?

I think you just know bitcoin, bitcoin has passed many events.

bitcoin will not return to 2009 prices, it is not possible.

many people who buy bitcoin because the public has already believed in bitcoin rather than fiat.

many factors affect the bitcoin volatility, one of which is the volume of sales and purchases.

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July 31, 2018, 12:14:50 PM
 #90

Bitcoin is becoming increasingly popular, making investors a viable alternative to gold. With a small market like Bitcoin, new capital inflows have caused a double effect. Not only is the value of the market increasing due to the amount of money poured in, Bitcoin also increases its value thanks to its trust in the platform. When rich people use Bitcoin as they use gold to store their assets, many people who do not believe in Bitcoin value have been persuaded to consider investing in the virtual currency. Bitcoin prices are rising and more and more people are investing in Bitcoin
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July 31, 2018, 12:22:36 PM
 #91

There may be more coin with improved technology than Bitcoin, but it does not have what Bitcoin has. Bitcoin has been accepted by many countries, Bitcoin has been accepted in transactions in many places, Bitcoin has many Bitcoin ATMs in the world, ... and more Bitcoin has the trust and expectation of investors - the It is believed that Bitcoin will have a bright future. It was these things that made the Bitcoin price so high and many people bought it.
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July 31, 2018, 12:29:01 PM
 #92

Supply and demand are the direct answers of economists, but there is no value other than cognitive value - and that makes Bitcoin's price - its perceived value - much like a stock and Its profit and income expectations. Bitcoin is the first electronic currency so it is more popular than other coin. When people have beliefs and expectations on the potential and benefits that Bitcoin brings they will invest in Bitcoin more. The number of investors increased, but the amount of Bitcoin was limited, which made the price of Bitcoin high
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July 31, 2018, 12:40:52 PM
 #93

I think it depends on the demand of world of cryptocurrency why the prices are still expensive, they maybe the technology of this are not active or responding quickly but i think this is not yet obsolete the presence of technology are still there cos its still finctioning..
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July 31, 2018, 12:53:35 PM
 #94

How is bitcoin technology outdated?

You have to understand that bitcoin only aims to be a decentralized and trustless currency, and anything else would be out of the scope of the bitcoin network. What other projects are trying to do with bolckchain right now is completely irrelevant, and doesn't mean that bitcoin is outdated or useless.

Bitcoin's value comes from the fact that it's intrinsically limited in supply, and this can't be manipulated, and its decentralization. It also comes from the fact that it's the first cryptocurrency, with probably the most practicality and adoption at the moment. It's not outdated, in fact, I think we're still in the early adopter phase of things. That's why bitcoin is valuable.

Bitcoin is not outdated, the people saying this is probably invested in another coin and they want other people to invest in that, so they have to smack talk Bitcoin for those people to invest in all these other crappy coins. Some people also wants to brag that they are always better than other people, so they will say crap like this to boost their ego.

Bitcoin is constantly being "updated" and still years ahead of it's closest competition. Let those idiots invest in other Alt coins, they will soon learn that it was a massive mistake.  Wink
- I think you should have a more realistic look, bitcoin is really outdated when it is compared to other altcoin, although bitcoin has been improving over time but the development of technology is so rapid, bitcoin does not seem to be able to keep up. However, the problem that makes it stand still in the market is its reputation and its influence on the market, it is still a product that receives the most trust, so there is no reason for the price of bitcoin to become very cheap, that will go against the wishes of investors and users

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July 31, 2018, 01:54:06 PM
 #95

Nowadays many sectors are adopting blockchain technology and you are saying it obsolete actually blockchain technology is at booming stage it has long way to go ahead. It will be widely use in many sectors and bitcoin value decided by its demand and it is still hot choice in cryptocurrencies. My friend price will keep increasing if demand will be increase and other important factor about bitcoin is its supply is limited.

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July 31, 2018, 02:00:38 PM
 #96

Blockchain? Outdated? What? Do you know that bitcoin's technology is the most updated technology in the world? When did you first saw or heard blockchain? Never right? Right now. The only thing you're only hearing is some bank payment or something. Now, we have blockchain in which you can pay someone online with the use of that network.
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