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Author Topic: Will the bitcoin be outdated by another currency?  (Read 5114 times)
Gumpfire
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July 31, 2018, 02:02:29 PM
 #701

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 cannot be oitdated by other cryptocurrency because it is the strongest cryptocurrency that has a highest value in the market and it is the first cryptocurrency that was created. There are no any possible reasons that bitcoin will be dedeated by other cryptocurrency.

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July 31, 2018, 02:12:43 PM
 #702

For me, personally no. Too much demand on BTC vs Altcoins. BTC is way more stable than any of the other Altcoins. I'm not saying it's not worth investing in Altcoins but BTC will stay on top. The fact that it was the first makes it very significant. The trust in Atlcoins by the people is low. Too many hyped coins that run away with peoples money.

Maybe it can happen but not that easy because bitcoin has gained a very huge amount of users and is the most trusted cryptocurrency ever existed. It would take a lot of trial and error for the new that can outdate bitcoin. Bitcoin holds the brandname of crypto so it is not easy but not impossible too we don’t know the new innovation of other coins. It must be good if it can outdate bitcoin.

Actually, there is a possibility that bitcoins will be replaced someday because of different ico's that is launching every month in the market today and there might be one platform that is gonna surpass bitcoins in the future.

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July 31, 2018, 02:25:32 PM
 #703

I don't take away the possibilities that there is another coin that can be outdated bitcoin in the future. There are so many good crypto that are in the market. And they have a good potential to be great in the future. And i can't wait for that moment to arrive.

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August 02, 2018, 02:03:32 PM
 #704

I'm sure changes always occur so that whenever bitcoin can be replaced with other coins, especially when it's registered more than 1650 coins so it's possible for bitcoin to be outdated by another coin.

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August 02, 2018, 02:16:32 PM
 #705

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 think bitcoin will remained dominant of all coins,  even if their are new coin are created.  Because  of popularity of bitcoin and every year comes bitcoin also develops. Since 2009 until now bitcoin are grow n more interms of demand.
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August 02, 2018, 02:32:17 PM
 #706

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.
Of course it is always a no because the real crypto here is the bitcoin itself and there is no competition between bitcoin and those other crypto in the market. Those crypto are just altcoins on bitcoin and it could not surpass the bitcoin market price though they could move faster than bitcoin but could never surpass bitcoin when it comes to the marketcap volume. Bitcoin is number 1 on it.

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August 02, 2018, 02:53:04 PM
 #707

Note that there are thousands of coins now aiming to be # 1, Ethereum, Ripple, EOS, NEO and so on have the opportunity to replace bitcoin, but I'm sure that bitcoin will be the first choice for at least 10 years.

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August 02, 2018, 03:15:58 PM
 #708

No chances for another currencies to supersede bitcoin from the market scenario because bitcoin is the first crypto currency its market value is considerably increasing due to its steady usefulness to the global community. Bitcoins popularity is increasing day by day and its market capital is very high comparing to the other currencies and also its daily traded volume is high comparing to other  currencies. According to the current market trend no other currencies are there to supersede bitcoin  anyway.
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August 06, 2018, 11:02:02 PM
 #709

To be honest, there are no chance for other crypto currency that could replaces bitcoin at the moment.As you know, BTC has a largest community. Beside, btc now is still dominating the crypto market. Whenever its price moving, the other crypto price would follow after then. However, we can see some potential coin that is not affected significantly by BTC such as ETH. I hope that  there are more coin like btc to make the crypto market get more balance.
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August 06, 2018, 11:22:23 PM
 #710

I believe that bitcoin can not become outdated with time. I believe that bitcoin may have competitors, but it will serve at least 100 years. So arranged his system to 2125 year plan bitcoin is painted.
I am solid fan of bitcoin and i know that bitcoin will always remain as the number one cryptocurrency on the market as long all the investor will keep on buying bitcoin for sure that it will always be the best and strongest among the rest of crypto and for me crypto will always be number one becuse it is the most trusted crypto.
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August 07, 2018, 03:18:46 AM
 #711

The coin always has a new change between the coin is always the change there are many born in terms of technical improvements are more advantage than bitcoin but in terms of value is still bitcoin number 1
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August 07, 2018, 05:55:19 AM
 #712

No because so far, bitcoin is the most favorite cryptocurrency of all time.It is legit and secured.You can always count on bitcoin.
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August 07, 2018, 06:03:34 AM
 #713

There will be newer technologies that's better than the current one and although it will take a long time but there will be a new tech that will replace bitcoin as a currency. I don't know about the function as store of value but gold has been here for a very long time and i believe bitcoin can do the same.


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August 07, 2018, 07:10:26 AM
 #714

all possibilities can occur, but all that is still in a very long process, I hope bitcoin will always be there and not be replaced by other currencies
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August 08, 2018, 01:34:55 PM
 #715

It is not impossible that bitcoin will be outdated by another currency. What is true is that it can be replaced by another crypto currency. If we talk about currency,  nothing and ever bit bitcoin. Bitcoin is not on the same level with other national currencies. It is not like the other countries currencies or what. However,its real competitors are the other investment that we have. Lips sealed Lips sealed
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August 08, 2018, 01:59:04 PM
 #716

it can't be expired, because bitcoin is almost global, and many countries are using bitcoin, and that can't possibly happen because bitcoin has become a benchmark.

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August 08, 2018, 02:07:34 PM
 #717

I think yes. If the bitcoin future is not improved then it could be replaced with a better technology platform.
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August 08, 2018, 02:13:27 PM
 #718

maybe for me bitcoin will not expire with other currencies because bitcoin stays with its cryptocurrency.
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August 08, 2018, 02:51:50 PM
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It's not very likely. In general, a speculative product with a large market value cannot be replaced, so I will continue to hold BTC.


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August 08, 2018, 07:47:54 PM
 #720

This is very difficult to say.

The big advantage of Bitcoin is that it is popular all over the world, and this is the only cryptocurrency with such notoriety.
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