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Author Topic: Will the bitcoin be outdated by another currency?  (Read 3446 times)
tester4206
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July 06, 2018, 06:40:53 AM
 #541

bitcoin is already widely used let alone to replace or beat bitcoin seems unlikely if for me and seems to be difficult for bitcoin to be replaced by other currency
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July 06, 2018, 07:21:24 AM
 #542

It will be very difficult for another currency to outdate the Bitcoin considering the technology behind it which is the blockchain. Also, it is actually wrong when people see Bitcoin as a form of social activity which is mainly reserved for the youths or the younger adults rather than viewing it as a currency for all including the old.
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July 06, 2018, 07:52:51 AM
 #543

Possibly, now as ETH or BCH, these two coin are thriving, maybe they will dominate the market, BTC will not be the king of cryptography, I think maybe it will take 5 more years, This will happen.
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July 07, 2018, 10:18:30 AM
 #544

Probably not, because I think as for 10 years nobody have not developed nothing better than Bitcoin, even now, when blockchain gets far more developed than it was in 2009.

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July 07, 2018, 10:51:59 AM
 #545

I seriously doubt this. Bitcoin is like "gold range" of value compared to other currencies. The value of other coins and tokens is defined by it and I am sure that this won't be changed in the near future.

I can guess it. Today, some people state that Ethereum will become the leader. It can be because of hundreds new ICO appearing everyday! Big money!
Well yeah, but it doesn't change the fact that most people buy bitcoin to buy ethereum with bitcoin. That's why all the currencies depend on btc right now and cannot replace bitcoin.

In my own opinion, there is a possibility that one of the atlcoins someday will be going to replace bitcoins because people are still interested on different types of cryptocurrency.

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July 07, 2018, 11:06:49 AM
 #546

Well it is nice to find people with strong beliefs. This attitude is always good for business. Same for bitcoin since many are holding it post like this could just strengthen investors to keep on believing it and may not be freak out easily by nonsense FUDs. I am a believer too. For as long as bitcoin is able to influence the market then bitcoin rules. Only when other alts will behave extremely not related in terms of sales to bitcoin, that is the time maybe when I would say it is an altcoin era. For now it is way too far.

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July 08, 2018, 02:29:51 AM
 #547

Well it is nice to find people with strong beliefs. This attitude is always good for business. Same for bitcoin since many are holding it post like this could just strengthen investors to keep on believing it and may not be freak out easily by nonsense FUDs. I am a believer too. For as long as bitcoin is able to influence the market then bitcoin rules. Only when other alts will behave extremely not related in terms of sales to bitcoin, that is the time maybe when I would say it is an altcoin era. For now it is way too far.

You're right, bitcoin already have established its name and that made it stronger. Yes there are a lot of strong crypto currency however bitcoin is also one of those and I believe that it will never be outdated.

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July 08, 2018, 02:35:09 AM
 #548

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.

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Bitcoin would remain bitcoin. It will remain on top and no one can surpass it's capability to stand beyond any other coin's achievement. Bitcoin has passed all the tests of time and I believe that it could go more so it would be an advantage if we'll buy more at this moment of time.

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July 08, 2018, 03:46:03 AM
 #549

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.
Last week syscoin was bugged in binance. With a value of 96 bitcoin per 1 syscoin. It was a bug so binance ban syscoin on their market to become the market. I believe that this is not capitalism. I believe that bitcoin is a new way to keep track record. I even the market to invest it was going through

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July 08, 2018, 03:51:33 AM
 #550

I agree with the OP. This is not like MySpace Facebook. Eventually Bitcoin could be outdated by another currency, but I don't think it will be in my life time.

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July 08, 2018, 04:39:27 AM
 #551

 I think Bitcoin will be outdated after a while. Because of the new altcoins, many of them are very potential altcoins and its technology in the future will outperform Bitcoin. Bitcoin is currently unmanaged and its technology is considered classic. In the future, Bitcoin will no longer have high trading volume because trading time is quite long.

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July 08, 2018, 04:55:17 AM
 #552

Naah. Bitcoin will always favorable for people to using it as a transaction and not just that. It can be an asset too. And ofcourse if blockchain tech still alive bitcoin will life longer too
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July 08, 2018, 06:26:44 AM
 #553

The success of bitcoin is truly  amazing,  it has a big community  of supporters and  and every profit that it offers is really tempting  to anyone to be part of the investors. Aside from this every person who wants to invest in crypto currency for  long term and looking for a safe crypto bitcoin is the first choice. This I think that there is no crypto that can replace bitcoin.

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July 08, 2018, 07:26:01 AM
 #554

The success of bitcoin is truly  amazing,  it has a big community  of supporters and  and every profit that it offers is really tempting  to anyone to be part of the investors. Aside from this every person who wants to invest in crypto currency for  long term and looking for a safe crypto bitcoin is the first choice. This I think that there is no crypto that can replace bitcoin.

Lol. In time, almost anything will be outdated but that doesn't mean they'll be gone. Crypto may very well outdate the current fiat system but there will still be transactions made in fiat that's for sure. Same with bitcoin if a better crypto comes up.

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July 08, 2018, 07:33:20 AM
 #555

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.
Strongly agree, your statement is based on the facts.
until now, I have not seen any Altcoin that I think has the potential to replace Bitcoin, Bitcoin remains irreplaceable.
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July 08, 2018, 08:04:25 AM
 #556

I think that this is highly impossible to happen. Base on the current market bitcoin price very low regarding to its peak price but if you will take the factor that if btc is down all coin also affected.
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July 08, 2018, 01:12:29 PM
 #557

Why not?  I believe someday peoples will create a new and better currency.  Everything need a process, sooner or later.
Masongrae
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July 08, 2018, 02:32:47 PM
 #558

Bitcoin is already being outdated by other cryptocurrencies, even Ethereum was a generational improvement on Bitcoin. However, as we all know, the best isn't always the most successful, and bitcoin is clearly the most successful. However, modern cryptos such as ADA and EOS could possibly overthrow bitcoin if they manage to gain significant traction and partnerships, this is because they have much more potential outside of just being a payment system.

I think if the trend of bitcoin price is going down for the next years to come, indeed it will be outdated by the other cryptos. People will eventually put their interest in other cryptos that are really beneficial to them. Bitcoin might be on the verge of loosing its dominance if the price goes very low while the others are making their way to the top slowly but surely. Just my opinion anyway, that might shed light.

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July 08, 2018, 03:02:46 PM
 #559

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.

I like the way you put it. I agree, no one can beat bitcoin. Bitcoin will always beat other coins. Smiley Kidding aside, bitcoin is been in the market for 9 years now and it is still the strongest coin currently. Yes it falls from 19,000 USD to around 7,000 USD now but still it is way bigger than any other coins. But it's only time can really tell the truth. Let us wait and see if any alt coins and beat bitcoin.

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July 08, 2018, 03:10:53 PM
 #560

I think that this is highly impossible to happen. Base on the current market bitcoin price very low regarding to its peak price but if you will take the factor that if btc is down all coin also affected.
Although new coins appearing in the crypto market are more advanced than Bitcoin, Bitcoin itself has the advantage that I believe no coin is currently available to replace Bitcoin. Bitcoin will grow even more and it will still be the leading coin market for this potentially cryptocurrency.

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