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Author Topic: Will the bitcoin be outdated by another currency?  (Read 5114 times)
cpkozak
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May 11, 2018, 02:43:51 PM
 #301

This is potentially high. At present it is very good, but it has been created very long. So to compare technology, the bitcoin will not be equal to the new coin altcoins are developed in the market.
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May 11, 2018, 02:55:55 PM
 #302

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 will not expire because of the number of coins that appear, bitcoin will remain the most popular, and for the next few years bitcoin will remain the foremost.

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May 11, 2018, 03:30:19 PM
 #303

I would say yes. A lot of bitcoin holders now use it as an investment rather than a currency. Bitcoin doesn't serve is real purpose and a lot of alt coins have been useful today. Ethereum for example, eth are now accepted in several online selling platforms which in someways competes with bitcoin now.

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Ramtapsbtc
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May 11, 2018, 03:57:03 PM
 #304

Bitcoin is always first choice to invest by people when they want to join in crypto. I am believe that bitcoin will never be outdated by another currency because other currency is just altcoin and the primary is bitcoin. Its like gold in real world

Yes i don't believe that bitcoin will be outdated by other
Altcoins. Currently the price is far beyond versus other coins and impossible to overtake.  Bitcoin is widely use and already accepted as payments.

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Bionicgalaxy
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May 11, 2018, 04:19:18 PM
 #305

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 believe that bitcoin will not be outdated by another currency because bitcoin is the most powerful cryptocurrency and valueble currency that most people would like to invest to it than other cryptocurrencies. As of now there are a lot of people who would like to accept bitcoin as a payment, so it could never be replaced.
JRDuran
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May 11, 2018, 04:33:49 PM
 #306

No! This maybe will happen to some altcoin but not to bitcoin, instead it will become more expensive.
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May 11, 2018, 04:46:12 PM
 #307

According to me Yes it is possible in near future because survey conducted by one of the agency stated that in every 21 days technology improvement there in the world . So why be neglect blockchain technology from it.  We know blockchain technology is in the growing stage and there are many improvement are taking placing so it  is possible that bitcoin can outdated with another currency.

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May 11, 2018, 05:07:51 PM
 #308

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 believe that bitcoin will not be outdated by another currency because bitcoin is the most powerful cryptocurrency and valueble currency that most people would like to invest to it than other cryptocurrencies. As of now there are a lot of people who would like to accept bitcoin as a payment, so it could never be replaced.
No this cannot happen at any cost.No cryptocurrency has the potential and capability to overtake bitcoin.Bitcoin is very expensive and is very valuable.It is based on blockchain technology and is very advanced.Bitcoin is spreading its roots in the market and is the hot topic.Bitcoin is also accepted as a mode of transaction in some places too.It is now also accepted by some traders.The transactions through bitcoin are also very fast and simple.


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geometryboastful0
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May 11, 2018, 06:45:41 PM
 #309

It cant be said so confidently. Coins with much advanced coding may evolve thus screening the value of btcs.
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May 11, 2018, 07:14:13 PM
 #310

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.


I think we can see this attitude through the government applying taxes to store cryptocurrency and through people who buy and sell BTC like crazy. All this led to a huge jump in price and high volatility. If people want Bitcoin to be a currency they should stop treating it like something else.
I do not find any similarities between BTC and social networking and I do not think this is the case. But the important thing now is that one should not regard Bitcoin as a property.
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May 11, 2018, 08:21:41 PM
 #311

Over time BTC can be replaced by the currency with greater scalability (more transactions per second so you don't have to wait until miners handle your transfer) and lower fees for microtransactions.
There are already solutions like additional blockchain layers, smart contract and such like dealing with all these problems and being supported by the project's own tokens.
So in the meanwhile BTC can loose it's leadership even despite the fact that it is the pioneer in the crypto world.

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May 11, 2018, 08:32:03 PM
 #312

This question is like the question that bitcoin will be invincible. No one can be sure. But if I see from its development bitcoin is still number 1. the enthusiasm of bitcoin everywhere still creates a very high demand. I believe prices will continue to soar many times over.
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May 13, 2018, 05:46:28 AM
 #313

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.

Yes we can say that bitcoin is the most popular coin today but I can see a lot of coins that has the potential to surpass bitcoin. But maybe it needs more time to make any coin that big and popular.

Rajamuda
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May 13, 2018, 05:57:30 AM
 #314

Well.. it's good if we help to support or encourage bitcoin of course.. so that more people will believe in bitcoin and can be more invite more people till getting closer in bitcoin. It certainly is already worthy of being a future currency that has many benefits for everyday life especially in seeking profit. Let's support bitcoin as a future currency that's indeed qualified and deserved to serve as something related to a better future.
Let Bitcoin wouldn't be outdated.

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May 13, 2018, 07:16:44 AM
 #315

Considering its popularity and the utility as used by companies and common investors I think it will not be outdated by any currency. What I do believe is bitcoin being even upgraded. I think I heard rumors about this but I am not that certain.
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May 13, 2018, 07:54:00 AM
 #316

no currency will come near to bitcoin in terms of competion bitcoin is king of alt coins as long as bitcoin is strong in their market alt coins growth is also depedndent on bitcoin

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May 13, 2018, 07:59:49 AM
 #317

Bitcoin is always first choice to invest by people when they want to join in crypto. I am believe that bitcoin will never be outdated by another currency because other currency is just altcoin and the primary is bitcoin. Its like gold in real world

This will actually depend on the status and legality of bitcoin in the future. Being number one in the cryptocurrency chart may not always be positive, as the government, banks, and large trading industries view it as a threat to the economics and to the public. In general, cryptocurrencies lack an essential factor- which is providing securities and collaterals to the transactions.
We need to consider all the possibilities when considering the status of bitcoin. It may be the reigning coin currently but once the government implements rules against its existence, then expect it to be replaced by another coin.
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May 13, 2018, 09:28:17 AM
 #318

Bitcoin is a form cryptocurrency, or we could also consider or say that it is money, now having said this, money and cryptocurremcy both fluctuates in value, it only means that it could also be outdated by some other coin or token, or it might just happen that one day there might be a different currency that will appear and outdate even the whole cryptocurrency system.

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May 13, 2018, 11:35:11 AM
 #319

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 but for me Bitcoin is still Bitcoin, the mother of all cryptocurrencies. Bitcoin is the best among altcoins in terms of volume and price and it is very incomparable among them all.

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May 13, 2018, 12:17:08 PM
 #320

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

In my own opinion Ethereum will not overthrow bitcoin because eventhough ethereum's price is higher than bitcoin we cant deny that without bitcoin there will be no ethereum at all.

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