Will the bitcoin be outdated by another currency?

[naidray]

I don't find any similarities between BTC and social networks and I don't think this is the case. But the important thing now is that people should not consider Bitcoin as a property. We can see this attitude through governments implementing taxes on storing cryptocurrencies and through people buying and selling BTC like crazy. All of this lead big leaps in prices and high volatility. If people want Bitcoin to be a currency they should stop treating it like something else.

It has been a crazy attitude that most people, especially newbies have imbibed. Ask most people now today, they have seen bitcoin more of an asset than a currency and this is the reason why it has become so speculative that so many FOMOs just always want to get greedy most of the time.

I also see a lot of people coming up with the replaced by theory and forgetting so soon, that those coins they are trying to compare bitcoin with have not been used on a large scale yet and even when Ethereum did with cryptokitten, we all ended up seeing the real picture. We really need to accept the real value lurked in bitcoin not just as a speculative asset and that would make more sense.

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[MakeMoneyBtc]

I dont think that is going to happen,but we got to recognize that there is a small chance of that happening because bitcoin even if it is simple and great it is not perfect. Anyway one thing is for sure, Bitcoin is going to remain the king for a long time because it is its place. Every time a new person get involved with cryptocurrency world he firstly hears about bitcoin and probably buy it first because he can use bitcoin further on any exchanger to buy other coins or exchange it for cash. So everything starts with bitcoin and it gets more popular everyday. Also shops are more likely to accept bitcoin as a payment method rather than ethereum or another coin because the system is different and it also sounds better. What I have noticed is that bitcoin always is in the top even after a big crash because the whole market moves up and down in the same time with Bitcoin so there couldn't be any major growth of another coin without Bitcoin.

[breathlessz]

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.

i think bitcoin cant replaced by other cryptocurrencies, as we know bitcoin that affects coins or other altcoins, and other coins may not necessarily affect bitcoin. so i dont think btc will be out of date even though there are many other good coins

[malbano2099]

I figure it would be hard for different cryptos to supplant or to obsolete bitcoin. Bitcoin originates from a long keep running for very nearly 10 years now and it is the pioneer of all cryptos, it's cost is clearly higher than some other cryptos, and a standout amongst the most favorable circumstances of bitcoin is its decentralization which is tremendously favored by financial specialists not at all like different cryptos out there which is incorporated. This are some of numerous focal points of bitcoin that would be difficult to achieve/go by different cryptographic forms of money. In the event that different coins out there would need to outperform bitcoin, at that point they ought to resemble bitcoin with much better favorable circumstances.

Bitcoin is cash, the estimation of cash is based on certainty, custom and security, characteristics that Bitcoin offers effectively. The relationship amongst Bitcoin and informal organizations is totally mistaken, individuals believe that Bitcoin is a myspace that will be supplanted by facebook. For reasons unknown Bitcoin is cash and not an informal organization, so this correlation is totally off-base.

[Falmera]

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 also think the same. You are right, bitcoin cannot be compared to any social network since it is a currency. Bitcoin is the pioneer among all crypto. It will never be obsolete and never be outdated by another currency. Its value affect other coin's value.

[musharaf]

Bitcoin is the popular currency and no one can challenge the features of this currency but some time the people get worried that bitcoin price is falling regularly but those who are expert of these currencies they take the benefit from this and they invest in these currencies to get the high value in the future and this make sure that bitcoin have a good future and no other coin will take the place of bitcoin .

[eaglewhite80]

Nice one mate! Unfortunately, people have always gotten the wrong picture most of the time, while thinking bitcoin is just a way to make quick money based on its value as an asset and then forgetting that bitcoin in itself is money and a safe haven for those who have been terribly ridden by the fiat system.

Those who understand the blockchain technology very well and the true ideas of satoshi will know that bitcoin is irreplaceable, and I guess some who forked out already got the picture by now.

[butlar44]

Right now, no other currency can match bitcoin and they wouldn't be in near future.

[sangungaji]

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, bitcoin is leader of alts. when bitcoin is going down, no alts remains strong, they 're going down too. so, in my opinion bitcoin is the best of alts.

[cryptojac17]

Nice one mate! Unfortunately, people have always gotten the wrong picture most of the time, while thinking bitcoin is just a way to make quick money based on its value as an asset and then forgetting that bitcoin in itself is money and a safe haven for those who have been terribly ridden by the fiat system
Those who understand the blockchain technology very well and the true ideas of satoshi will know that bitcoin is irreplaceable, and I guess some who forked out already got the picture by now.

Yeah bitcoin is another dimension this a money in which it is unique aside  from a crypto currency it is an asset in which you can put your resources on it as an investment.  Which is versatile and you  are in control of it, and it is a p2p transaction were there is no third party involved.

[Tagabukid69]

One thing that bitcoin is very expensive because of its limited supply, the first crypto coin and the highest circulating supply in the market. However when it comes to usability, there are tokens that are highly revolutionize to make it more efficient to work in specific field, we may describe as bitcoin is outdated because the sprouting coin are gaining improvements from the first crypto currency exist.

[davida]

I have never dreamt of this happening in this century unless where another originator purposes and start a new technology in its entirety where I even doubt whether it can place Bitcoin to be outdated. Bitcoin has a lots of attributes and concept that 80% of the world populace had even yet to tap to their benefits. Coincisively, that era is very much doubtful.

[aoihs00]

Indeed. It is often called as gold of crypto currency but I also dont agree upon that. It is not any kind of store value but it is itself a currency which can outperform all other types of assets, fiat currencies, and values. The bitcoin however has given the wrong direction in the long run of decade. The currency is getting form of store value and people think that it will grow automatically with the time. The problem is it wont grow unless and until people make the use of it and by that I mean it should be used as utility token so that it can stay liquid and move here and there to give it more value and reasons to believe in it. If we do that then new people will get to know it in different manner and also they will see start looking at it as currency finally.

[jaocoincrypto18]

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.

Apologies, but i don't understand how these Altcoins directly and specifically outdated Bitcoin? Even just to equal the market price value is already a huge difficult for them how much more with by just principles? To think Bitcoin has no commodities to promote unlike the Altcoins in which they need to work hard just to promote their products then how much more if the coming social media and Google site are going to start the banning of ICO? So i say, to obsolete Bitcoin is very impossible because of the strong foundation of trust and confident that already build within the people.

[BartS]

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.

You are correct in your analysis and I will add that bitcoin cannot become outdated for the simple reason that the developers are working on it all the time, many people make the argument that bitcoin is old technology not realizing that is simply not true, bitcoin is being renovated all the time, just last year the developers were able to activate segwit which has somehow alleviated the problem with the fees and now they're working on the lightning network and when they finally are able to activate that, the problem with the fees will be a thing of the past.

[kkaroul4]

I think it will be difficult and will never happen to bitcoin can be expired because of the existence of other currencies as well as by new coin coins. because bitcoin is a lot of interest in this world and bitcoin is also one of the benchmark price of other coin coins. so bitcoin is very difficult can be outdated

[MoonJeina]

Bitcoin is different from all . Above that bitcoin is popular of all and that is why replacing it will be a hard nut tob  crack . Bitcoin is very easily understandable and does not come up with those difficult words that all other currencies state s. Moreover , i don't think that bitcoin is ever compared to social networking . Social networking is a totally different subject and platform.

[Topaz72]

Of course no one knows what the future holds, but Bitcoin is the most established and pioneer. I have faith in the future of Bitcoin

Same I do I have a lot of faith for bitcoin I know the price of bitcoin will increase within few months but we will have to hold our bitcoin with patience, bitcoin is the most popular currency right now it cannot ever be replaced by any other currency, as much bitcoin is increasing and getting more power because there are a lot of chances for bitcoin to be legal this year in my country, Japan and south Korea has already done this act of wideness of bitcoin, so no currency could every dare to overcome bitcoin.

[richkellj]

Bitcoin is the popular currency and no one can challenge the features of this currency but some time the people get worried that bitcoin price is falling regularly but those who are expert of these currencies they take the benefit from this and they invest in these currencies to get the high value in the future and this make sure that bitcoin have a good future and no other coin will take the place of bitcoin .

No altcoin has the potential to take the place of bitcoin. It was at the top, it is and will remain so forever. It has the largest community of supporters and is mother of all digital currencies. Paper money is also a loser in front of bitcoin. It provides the best features and due to the large amount of profits, mostly investors wish to have this crypto coin. It is the top priority of everyone.

[Shavedcoconut]

It seems from my point of view that most altcoins are dependant on the demand and supply of bitcoin in someway if not completely. Just take a look at the market value on a daily basis, have a look at tge top 50 or 100. 90% or more fall and coincide with bitcoin falling a bit in price at tge same time, but when it rises(green)the same 90% or more rise too, what im saying is this is no coincidence. Bitcoin is important and will carry on to be so, Ethereum is another one thats different to bitcoin but worth keeping your eye on. Two coins with potential and massive space for growth still.