Bitcoin Forum
September 23, 2018, 10:57:49 PM *
News: ♦♦ New info! Bitcoin Core users absolutely must upgrade to previously-announced 0.16.3 [Torrent]. All Bitcoin users should temporarily trust confirmations slightly less. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 [23] 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 »
  Print  
Author Topic: Will the bitcoin be outdated by another currency?  (Read 3809 times)
coinfinger
Sr. Member
****
Offline Offline

Activity: 574
Merit: 253



View Profile
May 29, 2018, 06:07:54 AM
 #441

Yes, Bitcoin is money and same is gold, but who still talks about nowadays? Lol. So you don’t just say ‘no that’s impossible’ cause it is very possible. And by the way, you should know that Bitcoin is not the same level gold and conventional currencies, they are all running on different grounds, so if you’re talking about being outdated or replaced by another currency, then you should comparing that statement with other cryptocurrencies. And talking of whether Bitcoin can be replaced by another cryptocurrency, the answer to that should be a YES, but the rate of it being replaced by another cryptocurrency is on a different level.


            ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
         █████████████████████████▄   
       ███████                 ██████
     ██████                      ██████
    █████      ███████████▄        ████
   ████      █████████████▀         ████
  ████      █████            ██      ████
 █████     ████     ▄▄▄      ███     ████
 █████     ████   ███████   ████
 ████      ████   ███████   ████
 ████      ████   ██████    ████      ███
  ████     █████   ▀▀▀▀     ████     ████
  ████      █████            ██      ████
   ████      █████████████▄         ████
    █████      ███████████▀        ████
     ██████                       ████
       ██████
         ██████████████████████▄
             ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
SKYFchain
█▀▀▀▀▀▀█
█  ▄██
██▀  █
█  ▄██
██▀  █
█  ▄██
██▀  █
█  ▄██
██▀  █
█      █
█▄▄▄▄▄▄█

█▀▀▀▀▀▀█
█  ▄██
██▀  █
█  ▄██
██▀  █
█  ▄██
██▀  █
█  ▄██
██▀  █
█      █
█▄▄▄▄▄▄█
1537743469
Hero Member
*
Offline Offline

Posts: 1537743469

View Profile Personal Message (Offline)

Ignore
1537743469
Reply with quote  #2

1537743469
Report to moderator
1537743469
Hero Member
*
Offline Offline

Posts: 1537743469

View Profile Personal Message (Offline)

Ignore
1537743469
Reply with quote  #2

1537743469
Report to moderator
1537743469
Hero Member
*
Offline Offline

Posts: 1537743469

View Profile Personal Message (Offline)

Ignore
1537743469
Reply with quote  #2

1537743469
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537743469
Hero Member
*
Offline Offline

Posts: 1537743469

View Profile Personal Message (Offline)

Ignore
1537743469
Reply with quote  #2

1537743469
Report to moderator
1537743469
Hero Member
*
Offline Offline

Posts: 1537743469

View Profile Personal Message (Offline)

Ignore
1537743469
Reply with quote  #2

1537743469
Report to moderator
Lubang Bawah
Sr. Member
****
Offline Offline

Activity: 560
Merit: 250



View Profile
May 29, 2018, 07:05:17 AM
 #442

There is always a change in every era, and I'm sure that someday there will be a coin or currency that has many enthusiasts, but I'm not sure it can happen any time soon, it may take at least 10 years from now.



                                            ▄████▀
████▄               ▄████       ▗▟██████████████▄    ▐██████████████████▙▖
██████▖           ▗██████     ▗▟██████████████████▄  ▐████████████████████▌
███████▙         ▟███████    ▄█████          ▀████▀  ▐████            ▀████
█████████▖     ▗█████████   ▐████▀             ▀▀    ▐████            ▄███▌
█████▀████▙   ▟████▀█████   ████▌                    ▐███████████████████▌
█████ ▝█████▄█████▘ █████  ▐████                     ▐████████████████████▙▖
█████   ▜███████▛   █████   ████▌                    ▐████            ▀█████▖
█████    ▝█████▘    █████   ▐████▄            ▄██▄   ▐████             ▐█████
█████      ▀█▀      █████    ▀█████▄▄▄▄▄▄▄▄▄▄██████  ▐████            ▄█████▌
█████               █████     ▝██████████████████▀   ▐█████████████████████▛
█████               █████     ▄████████████████▀     ▐███████████████████▛▘
                             ▀▀▀▀▀▀
MyCryptoBank
CRYPTOBANK FOR CRYPTOCOMMUNITY
.
Legal and Reliable Crypto Bank

▄███████████▄     
██▀       ▐█▀█▄   
██        ▐█  ▀█▄ 
██        ▐█    ▀█▄
██        ▝▀▀▀▀▀▀██
██               ██
██  ███████████  ██
██               ██
██  ██████       ██
██               ██
██▄             ▄██
▀█████████████████▀
WHITEPAPER ──────────────────────────
.
jonaire99
Member
**
Offline Offline

Activity: 308
Merit: 10


View Profile
May 29, 2018, 08:38:52 AM
 #443

Bitcoin features seem to be outdated if you compare it to the other coins in the market with their much advanced features and technology. But bitcoin is still on the top and many people are now having a hard time in guessing  who would be the next king of cryptocurrencies. There is no doubt that someday bitcoin might be replaced by an altcoin but achieving what the bitcoin achieved in recent years might take time for any prospective altcoin.

Bohxz M4p4gm4h4l25
Full Member
***
Offline Offline

Activity: 225
Merit: 120



View Profile
May 29, 2018, 08:59:18 AM
 #444

At present, I don't think that any other coin would beat bitcoin, but there are a few good coins that have got a very bright future such as Neo.

That's true in everything that a Bitcoin has contribute to people I guess this will be hard for some cryptocurrency to sprout and win the place and reputatuion that the Bitcoin started. This forum serves as an extra income for most of the people here and I guess it will be hard for a newly sprout currency to win the trust of the people when Bitcoin performs very well.

Zeex    ▄▄▄▄▄▄ Twitter | Telegram ▄▄▄▄▄▄     Zeex
█████              Crypto to product         █████
████████████   No fiat , No fees   ████████████
frankywill
Full Member
***
Offline Offline

Activity: 214
Merit: 100



View Profile
May 29, 2018, 09:53:54 AM
 #445

There is many alternative cryptos that are claiming to be able to perform that, but as far as I know none of them are not even close to that.
robotrobert
Full Member
***
Offline Offline

Activity: 392
Merit: 101



View Profile
May 30, 2018, 10:20:55 AM
 #446

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
In order to outdate the Bitcoin another cryptocurrency must have features and functions more responsive than the Bitcoin; this is impossible as after Bitcoin many coins had designed and all those coins are very low in value as compared to the Bitcoin, even its comparison with Bitcoin is also irrelevant. The Bitcoin can not be outdated and will never as this is the advantaged coin in the modern world and others will take a lot and long time to even survive in this market.


◕  CRYPTO SOUK  ◕   ....best digital asset exchange....  ◕  CRYPTO SOUK  ◕
 ██     focuses on the needs of novice traders
      ██
Twitter | Medium | Telegram | github | Whitepaper
hitchcoin
Full Member
***
Offline Offline

Activity: 329
Merit: 100



View Profile
May 31, 2018, 08:44:41 AM
 #447

I think that we will not have any competitors for the bitcoin in the nearest future but there are good and promising coins that can be an addition to the bitcoin investments such as ethereum and NEO.

Formonn
Newbie
*
Offline Offline

Activity: 19
Merit: 0


View Profile
May 31, 2018, 09:08:33 AM
 #448

Bitcoin is simple, and that's what people like. People want to store value, move value back and forth, and if possible, at low cost. Altcoins have been offering all sorts of gimmick features throughout the years, but 95% of the people aren't interested in using these features at all, which once again points out that it there is no such a thing as Bitcoin being outdated.

Another aspect I see people complain about, is that Bitcoin's transaction fees are so expensive while altcoin fees are so insanely low. Roger Ver did that too, and he even made fun of Bitcoin various times in his streams as well. People should understand that the only reason altcoins are able to offer cheap transaction fees is because barely anyone is using their networks. High fees = high demand for block space. Low fees, or even no fees = low to no demand for block space (ie, coin is practically redundant). While I don't like altcoins, I do like their presence and the global interest in them. It's impossible to point out exactly, but the altcoin market makes sure a very large number of Bitcoins are taken out of direct circulation, and that makes sure there will only be more coin scarcity in the coming years. In other words, booming altcoin market is great for Bitcoin as well.

I really like your explanation above about why transaction fees are priced the way they are, so I'd appreciate your take on the following:

I recently came across an article about a new fork called Bitcoin Origin, which is essentially a "Penta-fork" off the top 5 coins; Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash. What do you think the launch of this new coin would do to the demand of other Altcoins, and consequently the demand for Bitcoin and the transaction fees thereof?

( https://www.bitcoinorigin.io/ -their main page if you haven't heard of them and you'd like to have a look at it Smiley)
The_Dark_Knight
Hero Member
*****
Offline Offline

Activity: 826
Merit: 502


View Profile
June 01, 2018, 02:11:14 AM
 #449

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
True, there are many altcoins that I think have good potential and can become very valuable in the future but I do not see any coin surpassing bitcoin in fact I really think that a new technology will need to be created that is not a cryptocurrency in order to replace it because even if bitcoin still has some details to fix, it is still by far the best cryptocurrency and it does not seem like it can be surpassed.
berfanaf
Jr. Member
*
Offline Offline

Activity: 111
Merit: 2

Earn with impressio.io


View Profile
June 01, 2018, 05:39:50 AM
 #450

That's quite difficult to answer but nothing is impossible. If it ever get to that, my best bet would be on Etherum. This is because Etherum is being explore by many projects because of it DApps ability to develop their applications.
I am also with you in this matter. If it was to happen ever then is think, it would have happened already. Now that bitcoin has become more powerful than ever, expecting it to get defeated by weaklings is mere a sweet dream of haters. I also believe that cryptos market cannot exist without bitcoin. It entirely depends on this currency. All altcoins depend on BTC for survival. This asset was, is and will remain the crypto king.

▰▰   IMPRESSIO.io   ▰▰   THE FUTURE OF INVESTING   ▰▰
✔ Instant Withdrawals  ✔ 5% Partner Commission  ✔ And More...
lelangsabun
Newbie
*
Offline Offline

Activity: 143
Merit: 0


View Profile
June 01, 2018, 06:01:22 AM
 #451

yeah indeed, bitcoin can't be outdated, the king of crypto will survive and will stay in the last longer bitcoin will improve but still in the slow time because the community who supporting it
Mikejones64
Newbie
*
Offline Offline

Activity: 87
Merit: 0


View Profile
June 01, 2018, 06:35:52 AM
 #452

Bitcoin is the first cryptocurrency ever. So, I don't think it will be outdated. Perhaps, there will be more expensive, but it will take time.. Bitcoin will be forever be on trend, eventhough there are a lot of altcoins popped out there. Bitcoin will be treated like a gold that increases it's price as timw goes by.
boddy.dy
Member
**
Offline Offline

Activity: 252
Merit: 17


View Profile
June 01, 2018, 07:31:12 AM
 #453

Frankly speaking yes because nothing is permanent here on earth, everyone get old, industries get passed by other industries that causes shift of industries. The effect of modernization must be connected with the industry or company you are within in order to survive. Just like in bitcoin, a lot of competitors had come out which require bitcoin to expand and develop more if they don’t want to be outdated. So bitcoin can be outdated if they will stop to develop or expand especially today that many more crypto currencies were come out that are almost the same or copied the style and process flow of bitcoin.

Everything that makes you vital     |     B i t V i t     |     ❱❱❱  PRE-ICO  ❱❱❱  July 1st, 2018
●      FACEBOOK      ●      TWITTER      ●      YOUTUBE      ●      TELEGRAM      ●
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄▄▄  Whitepaper  ▄▄▄▄▄▄▄▄▄  ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
Gabb
Full Member
***
Offline Offline

Activity: 378
Merit: 105



View Profile
June 01, 2018, 08:51:06 PM
 #454

I think the answer to this goes far beyond the emotional and estimative aspect that bitcoin can generate in those who have followed it for a long time. It is also about the technical aspects that are the basis of all technology that has been developed to meet a specific need.

Many think that bitcoin has failed to satisfy any of these needs in an increasingly competitive market, however it is undoubted that every market always requires a currency that fulfills the function of being a stable and reliable reference to determine the comparative value of all the other currencies, like the dollar does with the fiat currencies, and I have no doubt that the bitcoin fulfills perfectly with that task, so I believe that no other cryptocurrency can displace the bitcoin from this indispensable function, despite many people think that bitcoin is an outdated coin.

hitchcoin
Full Member
***
Offline Offline

Activity: 329
Merit: 100



View Profile
June 04, 2018, 02:43:58 PM
 #455

It has been about 10 years since the creation of the bitcoin and we all know that it is the most popular and the most attractive cryptocurrency in terms of value which is why I highly doubt there will be any coin that can overcome it.

Skyshark
Full Member
***
Offline Offline

Activity: 322
Merit: 100



View Profile
June 04, 2018, 08:51:45 PM
 #456

I don't think that moment will come to pass. As i see it, no cryptocurrency at this particular stage will ever outshine bitcoin in market value. Being the first ever decentralized digital currency, it takes delight in being the most famous, the most sought after coin investment in the market today. Despite the fact that it's price is two times higher that the second best cryptocurrency, most investors work their bu-- out just to own even a small portion of this coin. With one simple reason in their mind, when crypto market makes a sudden upturn, an enormous profit is sure to land in their waiting hands.

Situk brok
Member
**
Offline Offline

Activity: 210
Merit: 10


View Profile
June 04, 2018, 10:21:36 PM
 #457

If I personally think bitcoin will not expire by other currencies even though there are some other digital currencies due to this bitcoin can be used as a means of transactions can also be used as a source of our income and income we get also quite a lot.

baconlike
Jr. Member
*
Offline Offline

Activity: 238
Merit: 3

Blockchain Powered Clinical Trial Management


View Profile
June 04, 2018, 10:26:32 PM
 #458

It has been about 10 years since the creation of the bitcoin and we all know that it is the most popular and the most attractive cryptocurrency in terms of value which is why I highly doubt there will be any coin that can overcome it.
In terms of value, I think there will not be any pennies that can surpass the BTC today and forever, as you see ETH is an extremely popular pen that is almost universally known to ETH and ETH is widely accepted in ICO projects, but despite its popularity and many more features than BTC, the ETH price is still much lower than the BTC price.

▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔▔
ClinTex CTi  ──  Blockchain Powered Clinical Trial Management
▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁▁[/cente
Komorhan
Member
**
Online Online

Activity: 224
Merit: 10


View Profile
June 04, 2018, 10:29:42 PM
 #459

you are very right about what you wrote, but unfortunately we still use cash or local currency in daily life. When will the real life be reflected in the crypt money ?. future technology and crypto money.

◕  CRYPTO SOUK  ◕
█ focuses on the needs of novice traders █
keeee
Sr. Member
****
Offline Offline

Activity: 448
Merit: 255



View Profile
June 04, 2018, 10:43:54 PM
 #460

It has been about 10 years since the creation of the bitcoin and we all know that it is the most popular and the most attractive cryptocurrency in terms of value which is why I highly doubt there will be any coin that can overcome it.
I agree on it because bitcoin was overcome so many challenges for the past few years. Besides it was continuously developing for a better. Bitcoin will not be outdated  by another cryptocurrency since it was performing well and the value was still increasing. It was very far now compare to other coins that we have here.

INVALID BBCODE: close of unopened tag in table (1)
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 [23] 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!