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Prettyme
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April 07, 2018, 01:26:43 PM |
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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.
Yes I am agree with your opinion since bitcoin is still the strongest cryptocurrency in the crypto world and some altcoins depends on bitcoin where bitcoin decrease and other altcoin also go down. I think bitcoin will be more secured. So as you said it is better to buy now because it is the perfect time to buy bitcoin because of its price. |
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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senopratama
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April 07, 2018, 01:33:43 PM |
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bitcoin is an investment asset. This has no influence at all against the double value of the currency. Crypto will simply be compared with crypto and that's what will be experienced bitcoin. bitcoin will only compete with other areas such as Crypto most approaches is ethereum.
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torch2121
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Activity: 210
Merit: 10
The revolutionary trading ecosystem
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April 07, 2018, 01:39:44 PM |
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No. Bitcoin is the first coins that started cryptocurrency. All the ideas of other coins in cryptocurrency is based on Bitcoin. Base on my observation if Bitcoins goes down in the market, other cryptocurrency coins also go down. I think Bitcoin will not be outdated.
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Intersan
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April 07, 2018, 03:50:33 PM |
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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.
Even at dump price, bitcoin still leads the cryptocurrencies. In fact, as you can see what is happening on its price affects the market price of the other coins. Bitcoin is standing strong that I strongly believe that it can never be outdated by another currency. It is not going to be that easy. Eth is next to bitcoin but their prices are way too far. This shows how big bitcoin from the other coins and that even Eth will not replaced bitcoin at its place. |
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resty
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April 07, 2018, 03:59:27 PM
Last edit: April 07, 2018, 10:49:10 PM by resty |
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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.
We cannot deny the fact that there is a possibility that it will beat by another currency |
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hataman
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April 07, 2018, 04:05:48 PM |
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I have not found any of these signs will happen at this time. but in the economic world all can happen, including bitcoin outdated by another currencies.
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MMA
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April 07, 2018, 05:48:34 PM |
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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.
As all the crypto currencies are interrelated with respect that all have some same characteristics, on other side bitcoin is the found of all the other crypto currencies therefore we can expect that if the bitcoin price is getting down, it will surely impart some bad effect on the price of other altcoin, but still i think that bitcoin price is not expected to fell down anymore therefore we are not going to seen any panic in crypto market. |
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Fazlurkhan.kz
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April 07, 2018, 07:34:47 PM |
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In the cryptocurrency world, nothing can be predicted and anything can happen at the speed of light. If there ever is a cryptocurrency invented and presented to the community which is indeed better, faster, safer than bitcoin and the community does like it, then it is possible that it gets replaced by that coin. As it totally depends on the community on what they choose and their collective response and action would result in bitcoins future ranking and its survival. Considering the advantages of some altcoins, if a coin has everything the community demands, then definitely there are chances of bitcoins replacement.
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Pattberry
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April 07, 2018, 10:10:11 PM |
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No. Bitcoin is the first coins that started cryptocurrency. All the ideas of other coins in cryptocurrency is based on Bitcoin. Base on my observation if Bitcoins goes down in the market, other cryptocurrency coins also go down. I think Bitcoin will not be outdated.
It is true that the entire market is possible because of bitcoin and not every coin at this stage is based on bitcoin protocol, things have changed a lot from the begging and there are promising coins that focuses more on privacy and with increased scrutiny by the governments i think privacy coins will be used more frequently in the future but bitcoin will be global currency. |
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Quesdana
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April 08, 2018, 04:26:06 AM |
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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 would agree with you on this. I started to think that maybe Ethereum will replaced bitcoin on the top spot with regards to market capitalization. But with the current situation with ether and bitcoin i don't think ether can overtook bitcoin's place in just a short period of time. |
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fauzan Ichsan
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👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
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April 08, 2018, 04:40:04 AM |
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No. Bitcoin is the first coins that started cryptocurrency. All the ideas of other coins in cryptocurrency is based on Bitcoin. Base on my observation if Bitcoins goes down in the market, other cryptocurrency coins also go down. I think Bitcoin will not be outdated.
It is true that the entire market is possible because of bitcoin and not every coin at this stage is based on bitcoin protocol, things have changed a lot from the begging and there are promising coins that focuses more on privacy and with increased scrutiny by the governments i think privacy coins will be used more frequently in the future but bitcoin will be global currency. true, the use of other coins will be widely used for everyday life, like there is in the field of transportation, data security, and others. but bitcoin remains the parent that overshadowed the other coin. |
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Whosdaddy
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April 09, 2018, 10:41:44 AM |
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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.
Apparently, none can surpass it. It is easier said than done for most people who claim they are suffering from higher fees during the huge rally, and wishing for some coins to replace bitcoin. No one is stopping anyone from believing whatever they wish to believe. It is a free world, but it is just annoying when people keep getting the wrong picture and forgetting the main idea why bitcoin will keep being better than any other currency both as storage value and as money. But I am sure that over time people will give up the negative thoughts against bitcoins and start adopting as per what happened in last threes rapidly. |
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BartS
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April 12, 2018, 08:32:24 PM |
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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.
That is what happens when most coins even those that have a very high market cap are mostly copies of bitcoin with just some tweaks here and there, that means that there are completely dependent on the performance of bitcoin, very rarely those altcoins are going to move independently only the coins that have a great team of developers working hard every day will be able to move more or less independently of bitcoin and that is not a sure thing just look at ETH a great coin but even Ethereum is unable to move completely independently of bitcoin. |
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sindikat
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April 12, 2018, 09:05:00 PM |
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Bitcoin does look somewhat old-fashioned against the background of altcoins. He first came out and probably was not ready to such growth of popularity. But this only seems.It's actually a classic. All mathematical laws evenly distribute profits among those who already have coins. Those who joined bitcoin later suffer due to the high transaction price.
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Ridwan Fauzi
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April 13, 2018, 04:35:32 AM |
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I have not found any of these signs will happen at this time. but in the economic world all can happen, including bitcoin outdated by another currencies.
Indeed, in cryptocurrency all can be happen, that's unlikely to be possible. But keep in mind, trust can't be underestimated just because there is a higher quality altcoin than bitcoin. Bitcoin has a large market compared to altcoin, which means many investors have more confidence in bitcoin than altcoin. They (investors) will prioritize investments in bitcoin, after which altcoin will become the second priority. This situation will last long and will even remain the same in the future, its mean bitcoin can not be outdated by another currency. Investors will determine bitcoin be outdated by another currency or bitcoin can not be outdated by another currency. |
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IndzheborgC
Newbie
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April 13, 2018, 05:39:34 AM |
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Bitcoin like gold has a limitation in generation. There is always a demand to save their own by protecting them from inflation, crises, confiscation. But, unlike gold, bitcoin is easier to convert to phiath, storage is almost free and it is more difficult to steal or confiscate. I believe that having such useful properties, and a long time of existence, it will exist for a very long time and will not be replaced by other coins.
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Kemarit
Legendary
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Activity: 3066
Merit: 1351
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April 13, 2018, 06:42:51 AM |
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Bitcoin does look somewhat old-fashioned against the background of altcoins. He first came out and probably was not ready to such growth of popularity. But this only seems.It's actually a classic. All mathematical laws evenly distribute profits among those who already have coins. Those who joined bitcoin later suffer due to the high transaction price.
To be perfectly honest, there are really a lot of altcoins like Ethereum which is more adept for banks. And damn, their devs are that active unlike bitcoin which we have that scaling issue for the last couple of years. But fortunately for us, bitcoin enjoys the support of our community because its really very popular as investment platforms that why the rules have change, from micro-payment scheme as what Satoshi visions it and now its a mode of investment similar to Gold. So yes, it has been outdated, but to overcome it as the number one crypto is a different thing. So I don't know if there will be coins to take its crown or bitcoin will remain the top dawg of cryptosphere. |
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darewaller
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April 15, 2018, 07:48:39 AM |
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Bitcoin does look somewhat old-fashioned against the background of altcoins. He first came out and probably was not ready to such growth of popularity. But this only seems.It's actually a classic. All mathematical laws evenly distribute profits among those who already have coins. Those who joined bitcoin later suffer due to the high transaction price.
That is what a lot of people are thinking until they start realizing that what they think was old fashioned after all still stood on top and rode the ship like the captain it has always been. Bitcoin will always have an edge and I do not see how bitcoin's protocol cannot be easily changed for the better even if an altcoin seems to come up with something a lot better. They have all been building on what brought about bitcoin, but in the long run, bitcoin is already more established than any coin, and that my friend, gives it more advantage that some people are not realizing. |
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Chingchangfu
Jr. Member
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April 15, 2018, 07:52:04 AM |
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My Answer is No As long as they buy n sell bitcoin And Use For Investments Because Bitcoin Block chain Is the Safest .
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Zabrielle
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April 15, 2018, 07:59:30 AM |
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That would depends if bitcoin will not going update whatever to be updated just to be first in t cryptocurrency world. but as of the moment bitcoin is stil the best crypto coin existing so far. Besides this kind of currency is very new in this world so i guess it will take a little long to outdated by new one.
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