Will the bitcoin be outdated by another currency?

[zhekinsp]

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.

Still it is possible if an another crypto currency creates more demand then bitcoin.You are right we can't compare bitcoin with an social medias like yahoo the giant of internet search engine was replaced by a small corporation named Google then they become the king.So this also happen if some other coin provides better services than bitcoin.But I am also bitcoin lover don't want an another coin will be replaced by bitcoin.

[1714538070]

1714538070

[bib24]

Since bitcoin started until this day no altcoin surpasses it, even there are other crypto coins that has good qualities and offer opportunities still bitcoin remains to be on top. This is one of the main reason bitcoin gain people trust throughout this years.

[fiulpro]

Bitcoin is quite more understandable and explainable to new users. It has a simple overlay. It is the first of its kind. It is the most famous cryptocurrency. No new coin shall take away with what bitcoin has in it.
Bitcoin was the coin that laid the foindation of blockchain and now new coins and cryptos are being made with several tweeks here and there in the same platform that bitcoin works on.
The user base of bitcoin is so huge and its value is comparatively better compared to the rivals. Thus it shall not lose its game any soon.

[dodgrad]

I think it is not possible, in this time there is no crypto compared to the bitcoin, value is the biggest and most of people is interested on btc only, because they can get the biggest profit from it.

[NorihiroName]

I don't actually think that it is possible because bitcoin is a centre of crypto - even if it is not so functional and modern.

[brainape]

Since bitcoin started until this day no altcoin surpasses it, even there are other crypto coins that has good qualities and offer opportunities still bitcoin remains to be on top. This is one of the main reason bitcoin gain people trust throughout this years.

And even in future it is not possible that a single currency will surpass bitcoin, bitcoin is the kind of all crytpo currencies, and will remain as the kind for ever, because bitcoin is the first currency that was created as online and after that other crytpo currencies created as alt of bitcoin. Bitcoin is still the first choice of the people.

[Arlibtchunt2018]

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.

Exactly, BTC will always be BTC and it won't change. If there is a possibility that the market trend will thoroughly change and some coin will outdate BTC then maybe there is one in a million chance for it to happen.

[dedcounter77]

I do not know friends, I think so the very first crypto currency that was created was bitcoin, he is the parent of all the other coins of all All alts. You can assume that bitcoin will forever be the first in all ways, I'm thinking that no, because the technologies do not stand for revenge, will be in a few years at what level will rise Blockchain he will surround us everywhere because this is the future.....

[Lanatsa]

Since bitcoin started until this day no altcoin surpasses it, even there are other crypto coins that has good qualities and offer opportunities still bitcoin remains to be on top. This is one of the main reason bitcoin gain people trust throughout this years.

And even in future it is not possible that a single currency will surpass bitcoin, bitcoin is the kind of all crytpo currencies, and will remain as the kind for ever, because bitcoin is the first currency that was created as online and after that other crytpo currencies created as alt of bitcoin. Bitcoin is still the first choice of the people.

We cant really avoid the fact that Bitcoin would really be hardly to be removed into its top spot since this is one of a kind or do considered the first cryptocurrency which this title cant really be easily be removed into peoples mind when it comes to this market.Impressions or trust will be always there since it had built its reputation for how many years upto nowadays.Everything is possible though to this world and everything can be replaced but for sure in bitcoin it would still takes time.

[Jas18]

Since bitcoin started until this day no altcoin surpasses it, even there are other crypto coins that has good qualities and offer opportunities still bitcoin remains to be on top. This is one of the main reason bitcoin gain people trust throughout this years.

And even in future it is not possible that a single currency will surpass bitcoin, bitcoin is the kind of all crytpo currencies, and will remain as the kind for ever, because bitcoin is the first currency that was created as online and after that other crytpo currencies created as alt of bitcoin. Bitcoin is still the first choice of the people.

We cant really avoid the fact that Bitcoin would really be hardly to be removed into its top spot since this is one of a kind or do considered the first cryptocurrency which this title cant really be easily be removed into peoples mind when it comes to this market.Impressions or trust will be always there since it had built its reputation for how many years upto nowadays.Everything is possible though to this world and everything can be replaced but for sure in bitcoin it would still takes time.

Yes i agree that bitcoin is the top of all cryptocurrencies because it was the first created crypto, however we should not take it to our minds that it is a technology and there are a lot of minds that would create another technology and might have a possibility that would supersede bitcoin and make it out of the top or worst make it obsolete.

[CryptoEnthused]

Well, I like that you guys believe in bitcoin so much and I too, but.. Now bitcoin may be the most trusted and popular crypto but I think it can easily change in the future. Bitcoin now can process a maximum of 7 transaction per second. With Schnorr signatures the capacity will rise by 25%. But it's still very low for mass adoption. That's very low compared with what other cryptocurrencies can. Plus, bitcoin consumes a way more electricity than other cryptos. Maybe now it's okay, but if that won't change in the future, the cost can be too much, plus this contributes to global warming. On top of that, Bitcoin lacks anonymity. If at least the first two problems will be solved, then bitcoin can be a leader. You never know what will happen. Now I don't see any competitor that can beat bitcoin and take away it first place. But to say that bitcoin will always be number one is a bit of exaggeration.

[koralan]

Well maybe BTC will compete a lot with other coin. BTC can not be the first coin in the market. I think in the next 5 years, BTC will be lower than ETH and NEO. Now some of the coins are trying to develop useful uses for consumers and attract investors.

[bettercrypto]

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 agree with your opinion. The simplicity of bitcoin makes it more popular. The features of bitcoin is normal and it can easily adapt and learn by anyone. Bitcoin will not become outdated, it will always be the first in cryptocurrency not because it was the king, but many people are in touch with bitcoin than any altcoin.
Bitcoin has a great number of people, a lot of transactions are been made in a few hours. That's the reason why it has high fees but when the LN goes along the way, it will be the time that the transaction fees will getting low and process will getting fast.

[oneirozwis13]

Interesting food for thought, good question. Things have value because people say they do. Things are worth $X because someone is willing to pay $X for it.. the same is true for Bitcoin (price manipulation aside). However, I don't think you should be so hasty to go "all-in" on Bitcoin and think that nothing could or will ever surpass it. Bitcoin sparked the digital cryptocurrency interest and attention worldwide, and has remained arguably king ever since, but that doesn't mean it can never or will never be surpassed. Time will tell. In the meantime, take your own risks of course, and consider the possibility of "backing multiple horses", perhaps? That way if Bitcoin gets surpassed in the near-to-mid future, great, you accounted for the possibility; if not, great, you have enough Bitcoin to be satisfied with that decision as well.

[BossMacko]

As the saying says "there is no FOREVER" and i believe in that sooner or later new technologies will be invented, new type of cryptos that are more usuable and better for the masses than Bitcoin or any other crypto that we have or using now then that is the reason how Bitcoin can be outdated by another currency in the future. This is my opinion only. Have a nice day.

[lelahkenabanned]

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.

it seems that it will never happen because I think bitcoin is a very good con and not only that saa bitcoin has received a lot of payments and bitcoin is also very transparent movement makes bitcoin difficult to be replaced with another coin. yes you are right I like the words you buy as much bitcoin as you can.

[orions.belt19]

Well maybe BTC will compete a lot with other coin. BTC can not be the first coin in the market. I think in the next 5 years, BTC will be lower than ETH and NEO. Now some of the coins are trying to develop useful uses for consumers and attract investors.

Others speculate so as well because pf how popular etherium is becoming. Others think that some day will come when etherium will actually surpass bitcoin because of its aspects that are better than bitcoin’s. Some even claim that btcoin will eventually die because of the many altcoins and competition being created. Bitcoin has slowly become outdated because of its high transaction fees and long confirmation times, and people say that this is what would eventually kill bitcoin.

[BitHodler]

Others speculate so as well because pf how popular etherium is becoming. Others think that some day will come when etherium will actually surpass bitcoin because of its aspects that are better than bitcoin’s. Some even claim that btcoin will eventually die because of the many altcoins and competition being created. Bitcoin has slowly become outdated because of its high transaction fees and long confirmation times, and people say that this is what would eventually kill bitcoin.

Ethereum's aspects? The only point of usage it enjoys and thrives on is the booming ICO market. If we look at how governments are tightening their regulatory framework, Ethereum might be up for some harsh times.

People have been complaining about Bitcoin for years, but they still are using it because there is no better alternative. If altcoins were really that much better, there would be a shift happening, but there isn't.

Bitcoin is the first of the first and people value that, where the network speaks for itself as well. Altcoins have earned their place in this market, but as a separate lower division. Bitcoin is on top and will remain there until the end.

[Mastsetad]

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.

If every price will continue to go up and go down when Bitcoin is heading those directions, then I don’t think there is any possibility that any of them would be able to take over the lead or outdated Bitcoin. Bitcoin being the first to be in the market already sets it as the number one. It will be very difficult for any other cryptocurrency to remove Bitcoin from that position.

[kimochidesh]

No, Bitcoin can never be replaced by any other cryptocurrency. First of all, Bitcoin was the first of its kind. It will always remain original digital asset. This fact alone makes it all the more valuable. Second, Bitcoin can be easily upgraded. Any new functionality which is provided by any Altcoin can be added to Bitcoin also, as long as it does not affect its decentralization. Third, there are satellites broadcasting the network to the world. This means anyone can participate in Bitcoin without relying on internet functioning.