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Author Topic: Will the bitcoin be outdated by another currency?  (Read 5241 times)
MountainConqueror
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May 25, 2018, 11:14:24 AM
 #401

I guess that Bitcoin will stay the #1 cryptocurrencies for a couple of years, and then everything can happen. As I suspect, Ethereum can take its place.

What do you mean by "taking it's place"?
Become more popular? Bitcoin will always be the most known coin just because it's the first coin. I'm not telling you Ethereum is a waste but it's a bit less known than Bitcoin and that won't change.

Or maybe overcoming it with a price? That might happened when the interest of buying BTC will go down (and it will go down soon due to the fact BTC has no use, transactions mostly cost more then the transacted summ, etc.)
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May 25, 2018, 12:03:21 PM
 #402

No, bitcoin still the number one coin in crypto world and no one will above on it. Even the price is volatile still more people want and trust bitcoin and they still believe that it will rise again. More people become rich in investing bitcoin and it has the most potential coin and highest value thats why no one can outdated bitcoin.
This sounds impossible, rather more than not possible for the counterparts have been struggling other than ETH. ETH has been stable in the crypto market and has been attracting so many investors that it sounds ETH will go a big way but again the Bitcoin is not a piece of cake and if there is a rise in the value of the ETH, there will be a more than proportionate rise in the value of Bitcoin which means that Bitcoin is invincible.

The bitcoin core developer team won't let bitcoin to be "outdated" but also the community highly support the bitcoin but I see that people are being spread into altcoins gradually.
So I think there might be a slowly loss of interest of bitcoin but as most of the exchanges are supporting trading pairs mostly btc/xxx then bitcoin won't be outdated for a long time from now.
Why people are using other altcoins is because of the low transaction fees there, much faster transaction time, fast confirmation etc.


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May 25, 2018, 01:35:03 PM
 #403

No, bitcoin still the number one coin in crypto world and no one will above on it. Even the price is volatile still more people want and trust bitcoin and they still believe that it will rise again. More people become rich in investing bitcoin and it has the most potential coin and highest value thats why no one can outdated bitcoin.
This sounds impossible, rather more than not possible for the counterparts have been struggling other than ETH. ETH has been stable in the crypto market and has been attracting so many investors that it sounds ETH will go a big way but again the Bitcoin is not a piece of cake and if there is a rise in the value of the ETH, there will be a more than proportionate rise in the value of Bitcoin which means that Bitcoin is invincible.

The bitcoin core developer team won't let bitcoin to be "outdated" but also the community highly support the bitcoin but I see that people are being spread into altcoins gradually.
So I think there might be a slowly loss of interest of bitcoin but as most of the exchanges are supporting trading pairs mostly btc/xxx then bitcoin won't be outdated for a long time from now.
Why people are using other altcoins is because of the low transaction fees there, much faster transaction time, fast confirmation etc.
It depends on the competition because if the developer team of bitcoin will see that the other cryptocurrencies or altcoins are extremely far compare to the technology of bitcoin then they will not push it or try hard to be competitive and they will just let the other cryptocurrencies reign on their own and outdated the bitcoin.

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May 25, 2018, 02:28:15 PM
 #404

for me bitcoin has not been expired by other currencies because bitcoin is a cryptocurrency currency, unlike other physical currencies.
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May 25, 2018, 02:38:59 PM
 #405

I do not think there is any"the always number one" in this world. Moreover, the world of technology is always growing rapidly. This day, Bitcoin become number one cryptocurrency, but you have to take a look a lot of the other possibility. There are thousands of alternate crypto which has a chance to beat Bitcoin popularity. It's a matter of time that Bitcoin will become useless. Unless Satoshi doing some big improvement on Bitcoin ecosystem.

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May 25, 2018, 02:41:38 PM
 #406

must be admitted bitcoin is a very sophisticated technology with unquestionable security
now with a high bitcoin price it is unlikely that bitcoin will be expired by another currency
I can not say no ... becouse nothing is impossible in this world.
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May 25, 2018, 02:52:24 PM
 #407

In the short time, I don't think so.
In the long term, it's possible.
Internet is still very new technology, just 26-27 years old.
Blockchain is just a few years old.
10, 20 or let's say 50 years are very long periods in the Internet ages, many new technologies will come, Internet will develop much more and become part of everyday life for the most people in the world.
So, it's good possibility that something else will replace bitcoin eventually.
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May 25, 2018, 03:01:06 PM
 #408

in my opinion, bitcoin will not expire by other currencies because bitcoin develops with its own currency and in its form is also different.
cryptojaani
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May 25, 2018, 03:02:55 PM
 #409

No, bitcoin still the number one coin in crypto world and no one will above on it. Even the price is volatile still more people want and trust bitcoin and they still believe that it will rise again. More people become rich in investing bitcoin and it has the most potential coin and highest value thats why no one can outdated bitcoin.

I guess that Bitcoin will stay the #1 cryptocurrencies for a couple of years, and then everything can happen. As I suspect, Ethereum can take its place.


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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May 25, 2018, 09:30:34 PM
 #410

This option is quite possible. Now the market is falling, but the etherium continues to absorb all new and new platforms and services. The scenario is not excluded that after the launch of the telegram project, the etherium will come out ahead.

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May 25, 2018, 10:09:12 PM
 #411

indeed there are many alternative coins that have the potential to grow and develop, but to take the position of bitcoin is not possible alternative coins will always be under bitcoin, bitcoin as a benchmark price of each alternative coin they follow the bitcoin price movement to determine their price
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May 25, 2018, 10:16:17 PM
 #412

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.

Yes. I agree with your statements because bitcoin right now is very profitable and it is the reason why there were a lot of investors who invested with bitcoin because they are sure that they can earned a huge profit. The popularity of bitcoin contributed to it's foundation to become more stronger.

bib24
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May 25, 2018, 10:22:55 PM
 #413

I guess at this time no other cryptocurrencies can defeat bitcoin. Bitcoin already established roots and it's credibility is already proven over the years.

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May 25, 2018, 10:34:05 PM
 #414

We can not really deny that there would be researcher who would want to develop new technology to compete bitcoin and other cryptocurrency, and launched their found technology, if this happen then there will be possibility that the bitcoin will be outdated by another currency in the future.

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newcollegestar
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May 28, 2018, 06:59:35 AM
 #415

For some years, there were many of alternative currencies, which claimed to be a "Bitcoin Killer", "Replacer" and etc. but still..
This topic should really be closed. Like you said, bitcoin has enemies since the beginning but none was Abe to get even close to defeating it rather they all are far below. BTC has been 50 steps ahead of all other coins. The time by which others will cover this distance, it would also have covered new targets. The simple truth is, bitcoin is an unbeatable asset. No other asset, either physical or digital, has the capacity to overtake its throne.
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May 28, 2018, 07:07:07 AM
 #416

Well It depends on what happen to the future investors. but By predicting on what happens on the future is to early because there's a lot of currencies now that existing in the world. And the most easy and the most convinient to use are the likes of every people like investors.

Anything Happens to bitcoin problems and issues there's a lot work to do to surpass bitcoin, bitcoin have a strong foundation in the industry and they proven what they can do like happen in the previous months.

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May 28, 2018, 09:19:11 AM
 #417

Well It depends on what happen to the future investors. but By predicting on what happens on the future is to early because there's a lot of currencies now that existing in the world. And the most easy and the most convinient to use are the likes of every people like investors.

Anything Happens to bitcoin problems and issues there's a lot work to do to surpass bitcoin, bitcoin have a strong foundation in the industry and they proven what they can do like happen in the previous months.
Yes, i definitely agree with you that anything could happen. One of the risk we should know is that bitcoin might displace and another technology will replace it. Thats why we should keep on promoting bitcoin so that it will continue to rise and no other technology will replace it thus it will be improve and develop.

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May 28, 2018, 09:26:25 AM
 #418

I think it would surely  be outdated by another crypto currency in the future,
There would be more greater crypto in the future and Bitcoin would be the great beginning of the crypto currency.


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May 28, 2018, 09:40:28 AM
 #419

As long as bitcoin users continue to improve and increase then I'm sure that bitcoin will never be outdated, but if the user keeps panic as it happens at the moment then this will make the bitcoin unpopular and will of course be abandoned users.

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May 28, 2018, 09:43:22 AM
 #420

no. in my opinion it will not happen. people today still believe in bitcoin and they still buy it. proof that this support for bitcoin is real. I feel now that if the state has given the regulation then bitcoin itself will also make sure people
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