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Author Topic: Will the bitcoin be outdated by another currency?  (Read 5073 times)
Himanshu111
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July 21, 2018, 04:13:39 AM
 #601

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.

Faith is a beautiful feeling, but it leads to wrong conclusions long term. Nothing lasts forever in this world and everything gets outdated sooner or later and gets replaced some something else. That has been the history of the world in the past billions of years, a true law of the Unoverse,  and it won't change because of Bitcoin .
No I do not think that bitcoin can be replaced by any other currency.Bitcoin has established itself well in the market from the last nine years.Bitcoin is the number one cryptocurrency in the market.Ethereum which is the second cryptocurrency is no near bitcoin as bitcoin is vert expensive and valuable.Bitcoin has the largest number of users in the market.People are now trusting bitcoin as it gives good amounts of profits in a short period of time.People have faith in bitcoin.

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July 21, 2018, 04:17:15 AM
 #602

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 is the world’s first completely decentralized digital currency. It is necessitated for us say that Bitcoin will not be overrun by other cryptos such those alternate cryptocurrencies. Well, the defined thing and conclusion is its uniqueness...
Xenoph0bia
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July 21, 2018, 06:18:48 PM
 #603

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.

Faith is a beautiful feeling, but it leads to wrong conclusions long term. Nothing lasts forever in this world and everything gets outdated sooner or later and gets replaced some something else. That has been the history of the world in the past billions of years, a true law of the Unoverse,  and it won't change because of Bitcoin .
No I do not think that bitcoin can be replaced by any other currency.Bitcoin has established itself well in the market from the last nine years.Bitcoin is the number one cryptocurrency in the market.Ethereum which is the second cryptocurrency is no near bitcoin as bitcoin is vert expensive and valuable.Bitcoin has the largest number of users in the market.People are now trusting bitcoin as it gives good amounts of profits in a short period of time.People have faith in bitcoin.
No I do not think that bitcoin can be outdated by any other cryptocurrency because no other cryptocurrency or altcoin has the potential and capability to overtake bitcoin.Bitcoin is the most expensive and valuable cryptocurrency in the market and has the largest number of users among all the cryptocurrencies.Bitcoin is the father of all the cryptocurrencies.People have a lot of faith in bitcoin that is why it is still functioning even after the great fall in the price.
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July 21, 2018, 07:12:27 PM
 #604

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 is almost a decade old; There is now nearly more than 1600+ other new cryptocurrencies than bitcoin. We have evidence that the bitcoin is fallen almost 1/3 of its price since the beginning of this year 2017. It's true Bitcoin which is based on blockchain had slow transaction speed,  lack of privacy and programmability. The newer coins are introducing fantastic technology and services with impressive features.

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July 21, 2018, 10:07:51 PM
 #605

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.

There is a huge chance that another currency will be going to replace bitcoins in the future because there are a lot of new altcoins that is being released in the market.

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July 21, 2018, 10:43:11 PM
 #606

Well with the explanation you describe it's natural we should continue to buy Bitcoin and keep it because Bitcoin and Blockchain are technological breakthroughs that have not been appealed so far so that Bitcoin will continue to be popular among the wider community, than we invest in gold, better invest in Bitcoin.

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Sirait
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July 21, 2018, 11:15:48 PM
 #607

I suppose that this is possible, because of the simple reason. What develop next always become better than the thing that were being developed before. Like iPhone 6 is much better than iPhone 5.
many of the Altcoins that come out today are very fast, very cheap and safer than Bitcoin, for example just like Ethereum, Ripple and some others.
although Blockchain is constantly updated and new cryptocurrency appears I don't think it can make Bitcoin out of date...

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July 21, 2018, 11:29:27 PM
 #608

It is conceivable that bitcoin may not always have the number position in cryptos, Ethereum is a close rival with so much being done to scale it up.It could topple bitcoin
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July 21, 2018, 11:32:51 PM
 #609

Bitcoin is the king of Coin Digital Cryptocurrency, and although many new and good coins are emerging now, I do not think that will be able to beat or expose Bitcoin. Bitcoin will remain number one, and Bitcoin will never be invincible.
yourialfa
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July 21, 2018, 11:48:28 PM
 #610

I do not think it will. Bitcoin is now well known to many people and it is difficult to expire. Because the current potential of bitcoin continues to increase and everyone is now inclined to invest in bitcoin. Because they believe in the potential of bitcoin for the long term. Bitcoin is the strongest in my opinion and its popularity is increasing nowadays. So it seems impossible bitcoin expired by other currencies. That's just my opinion.

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July 21, 2018, 11:56:04 PM
 #611

Its a complicated answer, but in short No.

Its a bit like saying will something more useful than gold be discovered. BTC will remain the gold standard, there are however places for some other cryptos that do specialist things well - and when they do, BTC can optionally implement those features, but it doenst have to be all things to all people.

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July 22, 2018, 12:07:00 AM
 #612

It can happen. I'll give you an example, the gaming industry is about pc and consoles but the age of vr gaming will replace them all. Complete immersion of the game with a mechanism where you can move in any direction. Now back to Bitcoin, it is not getting updated so there is always an opportunity for every devs to create a better one.

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July 23, 2018, 01:10:37 PM
 #613

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.

I agree with that but if you think that Bitcoin will run as the only cryptocurrency I think that's impossible, but due to the fact that Bitcoin contains the best possible feature that a cryptocurrency must have I guess its a long way process for some currency to sprout out of nowhere and imitate or even to be better than this community, but as I have said this is very possible.

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July 23, 2018, 01:22:45 PM
 #614

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.

I agree with that but if you think that Bitcoin will run as the only cryptocurrency I think that's impossible, but due to the fact that Bitcoin contains the best possible feature that a cryptocurrency must have I guess its a long way process for some currency to sprout out of nowhere and imitate or even to be better than this community, but as I have said this is very possible.
indeed bitcoin can not stand alone, bitcoin as currency and other altcoin move on certain business, where as bitcoin support. and altcoins engaged in that particular field use btc as a means of payment

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July 23, 2018, 01:35:19 PM
 #615

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 never become obsolete as it becomes stronger and more popular every year. It is the most reliable coin for investing for a long time which is very convenient.

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July 23, 2018, 01:56:37 PM
 #616

I find it difficult, because bitcoin has always been on top of the coins.
Ethereum could take the throne but needs to grow a lot to get there.
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July 23, 2018, 02:34:30 PM
 #617

I don't think so. Bitcoin is a great and still developing currency. He does not need it to continue in the coming years. They will accept it after a while.


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July 23, 2018, 02:42:22 PM
 #618

It is difficult to predict the future changes in the market, therefore, the smartest way to invest in digital assets is to build a portfolio based on your risk preference and investment goals. Such a portfolio would likely include a substantial holding in bitcoin and small exposure to promising tokens. I have found a trustworthy project. It is called Socratus.  It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem.
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July 23, 2018, 02:53:13 PM
 #619

I find it difficult, because bitcoin has always been on top of the coins.
Ethereum could take the throne but needs to grow a lot to get there.
It could be quite hard to predict whether bitcoin will be replaced by other cryptocurrencies but after reading through the OP's post, I suppose that "another currency" here is a totally different kind of currency like fiat money, gold, etc. But anyways I'm pretty certain that bitcoin will hold its top place for quite a long time. It has posed numerous benefits to its users and has been at the cutting edge of monetary technology. So bitcoin will hardly be outdated by another currency, at least in the near future.

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July 23, 2018, 03:05:43 PM
 #620

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