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Author Topic: Will the bitcoin be outdated by another currency?  (Read 3542 times)
LoupGaroux
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May 03, 2018, 01:41:23 PM
 #221

So how can we call it one of the most powerful payment currencies if you cannot actually purchase any everyday commodities using that?

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May 03, 2018, 02:18:17 PM
 #222

I am currently very much appreciative of BTC, but for the future I do not think so. This is a technology market, where the technology I see is constantly changing. So in the future if bitcoin is not called improvement then it will be defeated with other coin.
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May 03, 2018, 02:48:40 PM
 #223

Bitcoin will not expire, now technology is getting more sophisticated, everyone wants easiness in investing. Bitcoin is a great place to invest. Another Altcoin probably will not beat bitcoin because bitcoin is the parent and the beginning of all the coins.
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May 03, 2018, 04:59:04 PM
 #224

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.
There's a possibility but no one know still when will it happen because as of today, bitcoin is still going hard amidst all the crisis going on with it now. Many people think bitcoin is about to end but I don't think about any of that knowing that bitcoin has done great things already and a simple dump wouldn't cause its extinction. Let us keep on believing and buying bitcoin and it will surely pay off in the future.

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May 03, 2018, 05:17:27 PM
 #225

I think it will be difficult. Because people who use bitcoin, it's getting more and more interested in buying and investing with bitcoin. indeed nothing is impossible in the future, but by looking at bitcoin enthusiasts that I think more than any other coin enthusiast. I think it would be difficult if bitcoins would be expired by other currencies.

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May 04, 2018, 05:33:33 AM
 #226

We cannot control how each investors would like the currency to hold for his or her investments. But there is one thing that is certain about bitcoin. It will never be replaced because it started everything. All the hard work was put into it. So that for sure bitcoin will will live even with so many competitors.
Even at the present there are already new coins that appear in the market but i think they don't have the potentials that bitcoin had.I admit it's still uncertain if in the long run,bitcoin will be outdated with a new digital currency,but so far with bitcoin's existence for almost 9 years,bitcoin had remain to be the king of all cryptocurrencies.
No I do not think that bitcoin can get outdated or overpowered by any other currency or cryptocurrency.It is the topmost cryptocurrency.It can also give competition to fiat currency in the coming future.Bitcoin has a lot of users.Ethereum which is the second cryptocurrency also does not have that much of potential to defeat bitcoin.Bitcoin is capturing the market and is spreading its roots slowly and steadily.It has also made many people rich too.
Everything is just possible in the world. For now, yes, there is nothing more important and superior than bitcoins. In crypto world, we have been seeing bitcoins emerging like anything since the first day of their development. After so many shocks and dips they have managed to come up every time. They have shown the world that they are best of all the other coins.
Jessica2009
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May 04, 2018, 07:50:17 AM
 #227

Bitcoin is the first crypto currency created in the year 2009 and  followed  by lots of alt coins are also introduced to the market with specific features.mean time the above alt coins movements are based on  the bitcoins.. Bitcoin is become more popular and its popularity is being increased. Bitcoins usefulness has increased in various aspects such as a good for investment .day trading and the speedy transactions. Bitcoin can be used to meet for all ways of  expenses to the day to day life of the human being. I believe that till to day no other currency can out date bitcoin.

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May 04, 2018, 08:00:14 AM
 #228

Bitcoin is the first crypto currency created in the year 2009 and  followed  by lots of alt coins are also introduced to the market with specific features.mean time the above alt coins movements are based on  the bitcoins.. Bitcoin is become more popular and its popularity is being increased. Bitcoins usefulness has increased in various aspects such as a good for investment .day trading and the speedy transactions. Bitcoin can be used to meet for all ways of  expenses to the day to day life of the human being. I believe that till to day no other currency can out date bitcoin.


Bitcoin will continue to dominate in the world market and it we witnessed its biggest improvement in terms of being used by many people. Since this is the first cryptocurrency that was being created and I expect this to be forever stay in the market. Being speculated that it can be outdated by altcoin will probably never happen it is because its value are way too high to reach.

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May 04, 2018, 08:20:18 AM
 #229

Yes, well, we can see now the market has a lot of pennies born. They will compete with BTC for the next few years. The number of holders of BTCs is also decreasing compared to before because they have moved to hold other altcoins.
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May 04, 2018, 09:06:36 AM
 #230

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.

Bitcoin is the foundation of each every coin. It cannot be defeated by other coin because without the existence of bitcoin, other coin will not be exist and no other coin will be created. It will remain as the price will have more increase than other crypto. Bitcoin is which more investors are interested to have and use for their different transactions.

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May 04, 2018, 04:32:33 PM
 #231

Theoretically, there is a possibility that any other coin can come up with higher market cap, user base, growth potential and high volume but as of now, I don't practically see any coin having that ability to replace Bitcoin. Bitcoin gained momentum as a first player in the crypto industry and I am expecting the growth will continue in the coming years too in terms of the user base as well as in the utility value and price too.

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May 06, 2018, 05:49:13 AM
 #232

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.
The future of bitcoin will be in how this will survive without the full support of the government. I have no doubt about the technology but on how the investors put there money on bitcoin without a fear of losing the value. Maybe in the future another coin will in control the crypto currency world as nothing is permanent unless change.
Government has not supported bitcoin so far. Actually most of them have tried to hurt it one way or the other. Only few countries supported it and Japan is the best in this perspective. It has been supporting and promoting bitcoin within its boundaries for year now. It understands that the future of money lies in bitcoin.But some people want to get hold over bitcoin in every sense.
It is not only bitcoin which is having decentralized nature but all other crypto currencies are also having the decentralized nature which makes them independent of any kind of rules and regulation. This is the only thing because of which the government is not willing to take any kind of positive step and is feeling reluctant to declare the crypto currencies as legal currencies but things will be better in near future.

d0flaming0
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May 06, 2018, 06:22:33 AM
 #233

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.
The future of bitcoin will be in how this will survive without the full support of the government. I have no doubt about the technology but on how the investors put there money on bitcoin without a fear of losing the value. Maybe in the future another coin will in control the crypto currency world as nothing is permanent unless change.
Government has not supported bitcoin so far. Actually most of them have tried to hurt it one way or the other. Only few countries supported it and Japan is the best in this perspective. It has been supporting and promoting bitcoin within its boundaries for year now. It understands that the future of money lies in bitcoin.But some people want to get hold over bitcoin in every sense.
It is not only bitcoin which is having decentralized nature but all other crypto currencies are also having the decentralized nature which makes them independent of any kind of rules and regulation. This is the only thing because of which the government is not willing to take any kind of positive step and is feeling reluctant to declare the crypto currencies as legal currencies but things will be better in near future.
in my own perspective, anything that isn't registered by the government or they  can't keep their hands on are being labeled as illegal. to think that it has decentralized nature, they can't actually hold unto it. besides there is only one option its either they will support that as a method of payment just like what they have stated above from the government of japan. bitcoin has a long way to go, setting aside those left and right issues thrown to it, while at the same time surviving despite the difficulties and those against it.

  
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May 06, 2018, 08:13:55 AM
 #234

Yes, well, we can see now the market has a lot of pennies born. They will compete with BTC for the next few years. The number of holders of BTCs is also decreasing compared to before because they have moved to hold other altcoins.
Everting is possible now doubt about it that there are a lot of altcoin which have good potential and they can even  overtake bitcoin but still it will take a lot of time, because sill bitcoin is in good position and most of the people still interested in bitcoin, they consider bitcoin as the best investment and like to invest their money in bitcoin.

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May 06, 2018, 08:52:05 AM
 #235

All what I can say is that, for now Bitcoin is not outdated by any other 'cryptocurrency'. But in years to come, if no other crypto stands up to beat bitcoin in the game then it can still stand. Modern technology is always increasing; if another coin emerges to give what bitcoin didn't give, don't be surprised that this our favorite coin will be outdated. Or else if it is constantly update to match new modern technology.

The more accurate question would be "will Bitcoin be out numbered by other currency"? Based on the market history on trading anything can happened to any ALT coin project in the market, it may goes up and it may goes down depending on the volume of trust or confidence of investor on such project, the market react on any movement by other crypto currency on the market, the fundamentals of Bitcoin now is more stable, investor are gaining and growing support on Bitcoin project does reflect the stable prices on the trading market, the global acceptance on crypto currency market is growing each day and it also increase investor the demands, and this is just few indicator that Bitcoin will stay on top of crypto currency market.   

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May 06, 2018, 11:49:39 AM
 #236

We can not tell no because of the technology today there might be a very strong currency be introduced in the digital world, and would surpass the technology of bitcoin,and offer great services to the people, but as of now bitcoin is the number one digital currency and it is on top .

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May 06, 2018, 12:16:14 PM
 #237

yeah man agree with that, bitcoin can be outdated because this is the resource of all crypto begin and there is still a lot of people that want to make it still under the track and helping with it development
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May 06, 2018, 12:36:28 PM
 #238

I guess there is no coin can outdated bitcoin so far  as a matter of fact their rely on bitcoin for their value, and bitcoin is the first and foremost coin ever created that has been known and all the other coins follows and they were continue to seek it own time to shine as bitcoin thus.

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May 06, 2018, 12:39:35 PM
 #239

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 so agree. Bitcoin is the first  among all other currency and it is time tested and proven safe. There are lots of people trust bitcoin. And they are all using it. For as long as the people use it, it will be of value.
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May 06, 2018, 03:14:37 PM
 #240

All what I can say is that, for now Bitcoin is not outdated by any other 'cryptocurrency'. But in years to come, if no other crypto stands up to beat bitcoin in the game then it can still stand. Modern technology is always increasing; if another coin emerges to give what bitcoin didn't give, don't be surprised that this our favorite coin will be outdated. Or else if it is constantly update to match new modern technology.

The more accurate question would be "will Bitcoin be out numbered by other currency"? Based on the market history on trading anything can happened to any ALT coin project in the market, it may goes up and it may goes down depending on the volume of trust or confidence of investor on such project, the market react on any movement by other crypto currency on the market, the fundamentals of Bitcoin now is more stable, investor are gaining and growing support on Bitcoin project does reflect the stable prices on the trading market, the global acceptance on crypto currency market is growing each day and it also increase investor the demands, and this is just few indicator that Bitcoin will stay on top of crypto currency market.   
to me i think that it can be possible but not so easy, in fact bitcoin is the fundamental currency of all the crypto world therefore it will survives for a long long time and will remain as number one, i do not think that any other currency can so easy bypass bitcoin and can left bitcoin behind.

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