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Author Topic: Will the bitcoin be outdated by another currency?  (Read 3879 times)
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April 22, 2018, 11:58:36 PM
 #141

   
Maybe in the next 10 years, bitcoin will still be number 1 but there will be something new that will be developed that will overthrow and replace bitcoin someday.
It should be number 1 for more than a decade there's no way other top cryptos would take bitcoin's number 1 spot. I do agree with you nothing is permanent here except for change there's always an end for something whether we like it or not. Bitcoin would get replaced in the future the only question here is when? It could take hundreds of years before a better crypto would get more demand over it.


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April 23, 2018, 12:05:14 AM
 #142

My answer to the principle is: NO

Bitcoin is money, the value of money is built on confidence, tradition and security, attributes that Bitcoin offers easily. The analogy between Bitcoin and social networks is completely incorrect, people think that Bitcoin is an myspace that will be replaced by facebook. It turns out that Bitcoin is money and not a social network, so this comparison is completely wrong.

Most of mankind's wealth resides in vaults for hundreds of years, so the circulating medium is derisory close to it. Why are we going to need fast, no-fee coins if we can use paper money and banks? Bitcoin's purpose is to be a safe asset, scarce and superior to gold. What is behind Bitcoin is the fact that no politician can steal you through taxes or inflation, there is nothing safer than Blockchain and Bitcoin. So far no technologically superior currency has emerged to Bitcoin to the point of provoking an abyss between technologies and will hardly emerge.

BUY BITCOIN TODAY AND ALWAYS.

I am not sure, I think no altcoin can be compared to bitcoin.bitcoin is simple, that what people prefer  bitcoin than another.
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April 23, 2018, 12:08:44 AM
 #143

My answer to the principle is: NO

Bitcoin is money, the value of money is built on confidence, tradition and security, attributes that Bitcoin offers easily. The analogy between Bitcoin and social networks is completely incorrect, people think that Bitcoin is an myspace that will be replaced by facebook. It turns out that Bitcoin is money and not a social network, so this comparison is completely wrong.

Most of mankind's wealth resides in vaults for hundreds of years, so the circulating medium is derisory close to it. Why are we going to need fast, no-fee coins if we can use paper money and banks? Bitcoin's purpose is to be a safe asset, scarce and superior to gold. What is behind Bitcoin is the fact that no politician can steal you through taxes or inflation, there is nothing safer than Blockchain and Bitcoin. So far no technologically superior currency has emerged to Bitcoin to the point of provoking an abyss between technologies and will hardly emerge.

BUY BITCOIN TODAY AND ALWAYS.

Bitcoin is King Kong

Do not mistake this. Bitcoin (BTC) is still standard of measurement against ALL other altcoins in the crypto world. And when BTC runs or when BTC dips, alts bleed. This is because BTC still rules them all.

And while I have answered questions regarding other coins in the past, I have only focused on altcoins with solid dev teams behind the coin and have the markings of a solid project. However, I never mistake those coins as better than BTC or long term holds.

For example, Ripple (XRP) has a solid run. Many people began buying into it as it started to run and at the all time high (ATH). Those who bought ATH, for example, learned a hard lesson. It took a hard dip and correction and many people were hurt (or in the crypto world, the term is they got “wrecked). However, if you were like me, I sold my XRP when it hit the ATH and put it into USDT, then jumped in on a BTC dip three days ago when BTC went from $15,000 to $17,400 (it jumped $2,400) and I pulled back to USDT.

While others who bought into Ripple, currently at $2.73 as of writing this, are waiting for the next price jump (to $3.00?), I made 20x as much buying into BTC while they wait for their profits

…because BTC is still the king.
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April 23, 2018, 12:19:26 AM
 #144

No, as we are heading to the future it will be always a question and for some instances a competition and competitor that will claiming they will have the best system of cryptocurrency to beat bitcoins in ranking. Time will say everything and for all i knw it can't be happen bitcoin is exploding and no one can stop it.

Maybe in the future, many coin more advance and offering lower fee than bitcoin but I am believe that bitcoin still primary choice because its pioneer in cryptocurrency. But in other side, others coin will rising and can take bitcoin domination

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April 23, 2018, 12:25:06 AM
 #145

No, as we are heading to the future it will be always a question and for some instances a competition and competitor that will claiming they will have the best system of cryptocurrency to beat bitcoins in ranking. Time will say everything and for all i knw it can't be happen bitcoin is exploding and no one can stop it.

Maybe in the future, many coin more advance and offering lower fee than bitcoin but I am believe that bitcoin still primary choice because its pioneer in cryptocurrency. But in other side, others coin will rising and can take bitcoin domination

I don't think that will happen with a lot of Bitcoin users and supporters all around the world. Considering the people who also want to invest on Bitcoin and plan to hold on it until they've reached a favorable price that is good for them to sell it. Bitcoin might have a high fee but we all know that a lot of great profits was given by Bitcoin in the past.

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April 23, 2018, 01:52:00 AM
 #146

funny, you've answered your own question nicely and neatly, since bitcoin is in digital platform, being outdated is so impossible, it is an ever evolving platform. first, bitcoin was intend only as a digital currency, limited only for online purchases only, now it is as good as fiats, blockchains are being developed to shell out bitcoin's full potential, as what we are enjoying right now, it can give us the chance to work or render services paid in bitcoin, it can be use as payment for utility bills, send P2P, and so much more. though many altcoins are being developed too, bitcoin will remain to be the best among them, no other crypto currency can beat bitcoin. even fiat currency cannot outdate bitcoin, since fiats are limited per international laws and exchanges, bitcoin is digital, so there are no international laws barrier. as long as bitcoin is accepted by a certain country.

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April 23, 2018, 02:03:38 AM
 #147

Bitcoin will always be here as the top cryptocurrency for storage of value but the blockchain has greater potential than just a store of value.

So we will see ETH and NEO taking up first place for smart contracts.. but BTC will still be around.

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April 23, 2018, 02:52:28 AM
 #148

I love bitcoin and am all for it's goals in decentralization. It is clearly the king and won't be outdated by any other coin any time soon. However, as new technology evolves I am worried that bitcoin becomes stagnant and can be overtaken by other coins like Ethereum which already has far more features than what bitcoin has. Naturally, people will flock to what is useful, cheap, convenient. If Ethereum or some other coin offers that, people will use it instead. I hope that bitcoin development continues to think outside the box and continues innovating.

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April 23, 2018, 02:59:42 AM
 #149

In my opinion, yes, bitcoin may be outdated by another currency - but in the future. No one really knows what can happen in the future but surely there are a lot of innovations on technology to be used. Someone may create something better and secure than Bitcoin.
But in this time frame, maybe not yet. Bitcoin is the forerunner on cryptocurrencies and has the most advanced technology which makes it the most popular.
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April 23, 2018, 03:08:55 AM
 #150

It is possible that another currency would be able to take the throne of bitcoin. There are a lot of attempts claiming its position but so far no one succeeded because people still prefer bitcoin. If there is more demand to a coin that is a payment option and is better than bitcoin in terms of transaction fee and confirmation time then there is a possibility it will be replaced but if not then bitcoin would remain in its throne. There are so many altcoins nowadays, thousand of them but not one can surpass bitcoin yet because the demand of bitcoin is still there.

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April 23, 2018, 03:11:48 AM
 #151

will the bitcoin be outdate by another currency ?the answer is yes, maybe I have different views and opinions with you because there are always other currencies that are superior in some sectors. by the way I like the analogy about bitcoin is myspace and the other currency is facebook and it's true it's wrong. bitcoin is one of the most currency in the world and one of the most users in the world so it's this that might make bitcoin become not out of date


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April 23, 2018, 03:14:29 AM
 #152

No altcoin can be compared to Bitcoin and Bitcoin will forever be a king in Crypto. But if you want to overthrow Bitcoin, only ETH can do it. Because ETH is also developing strongly and is trending up like Bitcoin before


yes, it is true mate. I dont find a similar coin like bitcoin. many advantages of bitcoin. easy, simple and secure.
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April 23, 2018, 04:39:13 PM
 #153

I love bitcoin and am all for it's goals in decentralization. It is clearly the king and won't be outdated by any other coin any time soon. However, as new technology evolves I am worried that bitcoin becomes stagnant and can be overtaken by other coins like Ethereum which already has far more features than what bitcoin has. Naturally, people will flock to what is useful, cheap, convenient. If Ethereum or some other coin offers that, people will use it instead. I hope that bitcoin development continues to think outside the box and continues innovating.
If having more features was enough to surpass bitcoin then ethereum will be the first coin already in market cap, don't you think? So we cannot think that a coin is going to surpass bitcoin just because it can do more things, I know that this is true with most technologies, but you must not forget that bitcoin is not only a new technology, bitcoin is also a currency and if you take the time to look at the history of currencies you will see that it takes a lot of time before a currency is replaced by another, so I am very confident that bitcoin will be around for a long time.


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April 23, 2018, 06:53:18 PM
 #154

Bitcoin had been popular and well known to people. They treat it as the main currency in crypto world. It's the first crypto currency to ever bring convenience to everyone using the block chain technology. The reason why there are over thousands of crypto currencies today, is because it was inspired by the idea of bitcoin. So, I guess there nothing to replace it.

That is a very conservative approach in my opinion. I am also a fan of bitcoins but I think that there is always scope for improvement. Everything changes with time and bitcoins is no exception. We can have better technologies in future and bitcoins can co-exist with them.

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crazycatwoman03
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April 24, 2018, 12:02:31 AM
 #155

It is possible that another currency would be able to take the throne of bitcoin. There are a lot of attempts claiming its position but so far no one succeeded because people still prefer bitcoin. If there is more demand to a coin that is a payment option and is better than bitcoin in terms of transaction fee and confirmation time then there is a possibility it will be replaced but if not then bitcoin would remain in its throne. There are so many altcoins nowadays, thousand of them but not one can surpass bitcoin yet because the demand of bitcoin is still there.
This is true, many have really tried to replace bitcoin in its spot but still bitcoin remain to be the number one cryptocurrency. We can see that even Ethereum, the leading altcoin, can't just replaced bitcoin in its place. Their price equivalents are far from each other which shows how bitcoin is really dominating. Anyways, there is a possibility for bitcoin to be replaced in its spot but it is not going to be easy. When we say cryptos, people who haven't know it yet that much will say, "Crypto as in Bitcoin." Bitcoin is very popular that when we say cryptos/ digital money/cryptocurrency, Bitcoin is the first thing that will cross their minds.

As for me, thinking about bitcoin being replaced will be very hard especially when it is the most popular, in-demand and most used cryptos by all of us.

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Sadlife
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April 24, 2018, 12:28:46 AM
 #156

Bitcoin will never be outdated because it is an futuristic technology and will continue to grow as many developers around the world conspires to make it even more sufficient and even solved it's latest challenge the bitcoin scaling and many presented their solution to fix it. This shows how much dev,coders crypto specilist supports it.














 

 

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julius caesar
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April 24, 2018, 01:37:58 AM
 #157

Bitcoin is going 9yrs old, so far no alts surpasses Bitcoin. For 9yrs it remains the king. While Bitcoin is going down, no alts remains strong. All alts are crashing too. This is the best indication that Bitcoin has no replacement.

Thats true,  and I believe that Bitcoin is the mother of all currency for now I didn't see that some cryptocurrency will be above this cause the existemce of the smaller alt coins is because Bitcoins were spliced to produce a new start of coins, which we are working foe now to increase, although some people says that Ethereum is mych flexible than Bitcoin,  but as you can see when Bitcoin deflate the Ethereum also decrease in price.

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ronics
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April 24, 2018, 05:05:26 AM
 #158

 Smiley   it will not be impossible for everyone because the time is just around the corner when it wants to stop we do not know how it will pass and replace it so it will happen if we can not do it but follow the new bitcoin currency. now bitcoin has stayed this is still the king of cryptocurrency of all countries so we can wait until the bitcoin currency we accept and care because there is no other currency in all countries. which would replace bitcoin even though bitcoin remained a cryptocurrency bitcoin in all countries.

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April 24, 2018, 05:11:34 AM
 #159



It is hard to see how BTC can be replaced. I suppose BCH could replace BTC ..but oranges and oranges...the main reason is simply that BTC has been around without any

security or network issues that run this for almost 10 years in Jan 2019...there is something to be said for the track record.

also, IF BTC or BCH or whatever was threatened with 'pure' innovation.I suspect they would simply 'code' their way out of the problem and get around threats that way

so far, they have not had any reason to do so, a true competitor and sure...ETH could have been such, but with its own growing pain issues etc etc that crop'd up

they kinda lost the edge on such now

anyway, my view with the BILLIONS of dollars with BTC and or BCH ..there will always be a way to survive..that is not to say the price could not dump back to

4k on adoption alone (speculation bubble further breaks down) but hard for BTC to be taken over by another coin now, too much adoption worldwide IMHO the

lead, again IMHO, is just too great ...














 

 

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modmalaney
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April 24, 2018, 05:14:27 AM
 #160

all altcoin since his appearance is always dependent on the increase and decrease in the price of the bitcoin. It is certainly very profitable bitcoin and with this then bitcoin can never be defeated by any coins. and it looks like in the next few years will remain as it is.


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