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Author Topic: Will the bitcoin be outdated by another currency?  (Read 3456 times)
BartS
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May 06, 2018, 04:44:26 PM
 #241

So how can we call it one of the most powerful payment currencies if you cannot actually purchase any everyday commodities using that?
Bitcoin is still not ready for it and we all know it, even if things have gotten a little bit better thanks to segwit, the speed of transactions is still slow in the fees are still very high if you want to buy small things, so the only thing that we can do is to wait until developers fix this, and when they do that then the chances of bitcoin of being used in that way will go up, they low fees were the reason why at the beginning business owners began to adopt bitcoin and then they began to drop their support when the fees became too high when that issue is finally resolved business owners will begin to adopt bitcoin once again.


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May 06, 2018, 05:54:50 PM
 #242

In my own personal opinion, it is very impossible that bitcoin will be outdated by another currency because bitcoin is the first and most powerful cryptocurrency. Bitcoin has more potential to be legalize by the government than any other cryptocurrencies because of its value.

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May 06, 2018, 06:01:05 PM
 #243

It is impossible for a coin to beat bitcoin in a short time. It has been king in the past few years. I think there is a situation that may lead to a change in the status of bitcoin, that is, the emergence of a pioneering encryption technology, then the new coin could quickly replace the location of bitcoin.
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May 06, 2018, 07:05:10 PM
 #244

My answer to this is a simple, it is possible but I don't think it is going to happen anytime soon. With the current status of Bitcoin as the King of all coins amidst all the issues, its rapidly growing community even with all the FUDs and false news, and all the bad things they can throw to it, it is still the best and the most profitable coin there is out there, no doubt that Bitcoin is here to stay and it will stay on top for a long period of time.

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May 06, 2018, 07:43:31 PM
 #245

I agree with you. It's not possible, that altcoins will be stronger than btc. It's too good coin, and its dominance on the market is unquestionable.

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May 06, 2018, 10:44:17 PM
 #246

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 .
No it is not possible according to me as no currency can be able to surpass bitcoin. Bitcoin is the mother of all other currency, and will remain the kind of forever, as bitcoin was the first currency that was invented for online payment and other coins are invented after that,  bitcoin is the first priority for a lot of people including me and it will remain number one forever.


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May 06, 2018, 10:49:07 PM
 #247

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 don't think so that bitcoin will stay as it. It will not be outdated by another cryptocurrency but due to scamming and some crimes that involve bitcoin I think it will be more secured and they will be more strict when we are dealing with bitcoin. Just always remember that bitcoin is the strongest crypto and they will assure that bitcoin will never be outdated.

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May 06, 2018, 11:47:29 PM
 #248

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 .
No it is not possible according to me as no currency can be able to surpass bitcoin. Bitcoin is the mother of all other currency, and will remain the kind of forever, as bitcoin was the first currency that was invented for online payment and other coins are invented after that,  bitcoin is the first priority for a lot of people including me and it will remain number one forever.

Only ethereum can do this but as of now it's not easy. Maybe next years, ethereum can take bitcoin's throne. Until that time, bitcoin will stay as the king of the market and it's already very strong with inredible liquidity.
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May 06, 2018, 11:59:22 PM
 #249

Bitcoin has a very large community support and it is very popular among the crypto community, it has the largest market capitalization, bitcoin was the first cryptocurrency that brought in the technology of blockchain, so other coins can not replace bitcoin.

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May 07, 2018, 02:32:07 AM
 #250

Nobody really knows. BTC could be the king forever, or in 30 years there could be someone who takes its crown and crypto could be a whole diff. developed sector and everything with ETF's by then. Only time will tell but if there's a project w the same weight as what BTC has done for crypto and the world that could eventually grow to the strength of BTC, I believe it's this one https://bitcointalk.org/index.php?topic=3085831.0
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May 07, 2018, 02:35:35 AM
 #251

I guess it could. I mean if a crypto currency will be used for more projects, more versatile to use and much easier to exchange then i guess bitcoin will not last forever. Take Ethereum for example. It's much younger than Bitcoin but it's a close second. Maybe in the future we will see a more powerful coin, but that will take a long time.

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May 07, 2018, 02:44:30 AM
 #252

We should know that, whether tangible or intangible, substitution is inevitable and necessary for historical development. So I think bitcoin will definitely be replaced by another coin in the future.

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May 07, 2018, 03:46:44 AM
 #253

I think that one day there will be one coin that outdated bitcoin. If this coin will be accepted in  the whole world as a mode of payment and when this coin will also be exchanged by the banks with a value higher than bitcoin then this coin will indeed outdated bitcoin.
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May 07, 2018, 03:53:12 AM
 #254

Many cryptocurrencies attend to replace, or overcome bitcoin, but actually I dont think, that for now, we have any worries about this.

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May 07, 2018, 08:05:33 AM
 #255

Bitcoin is the mother coin and it started with the greatest revolution of decentralisation. All the other coins offer something new but all they offer is less significant as far as the issue of decentralization is concerned. It will therefore be extremely difficult for any altcoin to surpass bitcoin

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May 07, 2018, 08:07:35 AM
 #256

I also dont think that bitcoin would ever by outdatet by any other coin. I think bitcoin will lead the charts of the most alued coin for a long time. But i think there will be a coin in future, which will be more famous and more used. This coin im talking about will be the coin that will accepted as daily payment method by the mainstream. So this coin will most the time have the same price and will not so volatil like bitcoin or any other cryptocurrency right now.

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May 07, 2018, 01:24:58 PM
 #257

Overall on the market, the coin that made the outdated BTC is probably ETH or BCH. Two coin strengths and can compete with BTC. But ETH still prevails over BCH. ETH is a pretty popular coin nowadays. In future ETH price may be on par with BTC.
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May 08, 2018, 04:43:57 AM
 #258

we cant say for now, probably because its the first crptocurrency and no other currency for now has been able to meet up with the way sellers and buyers demand for bitcoin. All i can say is the future is brighter and anything just anything can happen.
Well yes, I think you are right. There is no other crypt currency that could have met the requirements and fame of bitcoins. They are the first crypto and this is making an addition to them being supreme. Eth and other altcoins are there too but people will choose that one who is most friendly with them in profits. And there is one most friendly coin, the one and only bitcoins.

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May 08, 2018, 05:18:02 AM
 #259

You're right that bitcoin can be valuable because bitcoin is a currency with a belief principle. many issues are circulating about the negative about bitcoin and people still trust bitcoin, and bitcoin prices are getting more expensive. but I can not be sure that bitcoin will survive or be replaced by other crypto bits, because that's very difficult to predict

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May 08, 2018, 06:05:02 AM
 #260

I think bitcoin will stay on top of crypto currency, I am very sure, what do you think
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