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Author Topic: Will the bitcoin be outdated by another currency?  (Read 5493 times)
prokerduit
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August 13, 2018, 01:08:17 PM
 #761

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 really agree with you, especially in the current year bitcoin will reach a price of 40,000 $ if an audit from America approves the existence of bitcoin. and now bitcoin is being audited by the American agency. this is the second time. if this audit is successful then bitcoin will reach a very high price.
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MNDan
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August 13, 2018, 04:36:58 PM
 #762

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 don't think that this is possible until 2019 came and we will find the EFT integrating, probably after that they will develop something better but not before that, so you can breathe calmly.
Impulseboy
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August 13, 2018, 05:19:29 PM
 #763

Because bitcoin is unpredictable, it could be taken over by other currency. But despite its unpredictability and risks, bitcoin also provides easy transactions and if you are smart and patient, you can buy bitcoins at a low cost, as well. So while it is possible that another currency might win over bitcoin, I do not see it happening anytime soon.
cryptoguy1234
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August 13, 2018, 06:28:19 PM
 #764

In the cryptographic money world, nothing can be anticipated and anything can occur at the speed of light. In the event that there ever is a digital currency designed and exhibited to the network which is for sure better, quicker, more secure than bitcoin and the network likes it, at that point it is conceivable that it gets supplanted by that coin. As it absolutely relies upon the network on what they pick and their aggregate reaction and activity would bring about bitcoins future positioning and its survival. Considering the benefits of some altcoins, if a coin has everything the network requests, at that point certainly there are odds of bitcoins substitution.
Coinworld98
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August 13, 2018, 07:54:58 PM
 #765

This is very much unlikely as Bitcoin has already gain a very far greater stability and adoptability by all as compared to any other cryptocurrency in the market. Even the upcoming ones will not be able to outdate Bitcoin.
Ahmed4200
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August 13, 2018, 08:32:31 PM
 #766

How is it possible? I never believe it. Because Bitcoin is the King of the Crypto world. Its control power prevails across the entire market. Bitcoin has kept its top position so far due to some of its features. It is the most experienced and powerful coins in the crypto world.
Acsirp
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August 13, 2018, 09:10:03 PM
 #767

The very good concept and well manage and promoted bitcoin has establish its name very well in the cryptoworld ,as of now I do think of any currency that will surpass bitcoin , but if the world governments decide to make a currency that will compete bitcoin then maybe it can outdated.
logan16j
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August 13, 2018, 09:22:22 PM
 #768

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 that can not happen, you can see that bitcoin is currently the most important coin in the crypto market, its price has dominated the market, only a small adjustment can make the price of altcoin fluctuations are very strong. So, I believe you can invest in bitcoin in a long time and always have a specific plan.
HODL_guy
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August 13, 2018, 09:28:59 PM
 #769

I actually don't believe so. Currently the only contestant for that role is ETH and it's experiencing not the best times now...I don't believe that BCH can replace it either.

zero9119
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August 13, 2018, 11:06:15 PM
 #770

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 that can not happen, you can see that bitcoin is currently the most important coin in the crypto market, its price has dominated the market, only a small adjustment can make the price of altcoin fluctuations are very strong. So, I believe you can invest in bitcoin in a long time and always have a specific plan.
There are a lot of new coins being created in the cryptocurrency market with better features, but I think it is impossible to replace Bitcoin because it still dominates the market with its dominance and influence. very big. I believe that Bitcoin will still be the most valuable asset in this market.
cahbagus555
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August 14, 2018, 01:16:31 AM
 #771

Another currency won't outdated bitcoin even they are so many currency that will born in this year because the main currency that will make them grow still bitcoin and I think it will be more bigger than before just like what he did last year. As I noticed in other new currency that are launching they are always based their value on the bitcoins value even they have their own price of their currency.

Bitcoin still dominating in cryptomarket and its hard for altcoin to compete with bitcoin. Most investor on market must be want to invest on bitcoin because bitcoin have big liquidity and biggest transaction volume. But anything can happen in market when there is coin with good product and have advantages than bitcoin

chidiarua
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August 14, 2018, 04:52:49 AM
 #772

I don't see that happening soon. BTC still enjoys the early access advantage. Though, there problems in the blockchain which other currencies try to solve with their emergence but yet, most people trust BTC, and with that, BTC will dominate the crypto world for a long time.
illnino
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August 14, 2018, 07:51:33 AM
 #773

Bitcoin may not be able to keep pace with other currencies, but bitcoin is the first currency to contribute to today's cryptocurrency growth. It is possible that the bitcoin value is always changing but it is difficult to have another coin for Bitcoin.

I do not think that Bitcoin will give its leadership to any other cryptocurrency in the nearest 3 years (at least). It will be the most in-demand crypto and the market King.
Opnsrc
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August 16, 2018, 10:16:20 AM
 #774

You really can't tell anything for certain to the market or in this case, the future of bitcoin. But know so, bitcoin has been made its stand for a really long time in cryptocurrency so one thing for sure is that it can not be forgotten or be replaced.
I don't know, I think bitcoin will always be the foundation, or the foundation of another coin. well, that can be proven by looking at the current price of bitcoin. in fact, currently the price of bitcoin affects the performance of other coins, so other coins are also affected by the price of bitcoin. So, I think bitcoin will never be outdated.

Most of the people that are involved in the activities with the cryptocurrency know that Bitcoin is the leader. It will not give up and it will not let another crypto take its place. BTC will be #1 always.
NowLovebed
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August 17, 2018, 01:56:35 AM
 #775

I noticed even they are new currency they particularly engage to get down once the price of bitcoin goes down and when it goes up it also follow that's why it is hard to people to trusted other new currency to invest their money.
Sofia234Edwards
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August 17, 2018, 09:24:24 AM
 #776

I haven't seen a change of Bitcoin's position on the cryptocurrency market. And while Bitcoin prices are down, the value is still very high.
Wall_Streeet
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August 17, 2018, 01:51:11 PM
 #777

I believe that bitcoin is the basis of cryptocurrency, so it will always be valuable as the first valuable cryptocurrency
nguyenthanhvien
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August 17, 2018, 01:57:54 PM
 #778

As I see it can be replaced because BTC transaction takes a long time, the transaction fee is very large. Technology from many years ago. But I think this will take a long time because BTC is one of the pioneers in the crypto market.
Rianbook
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August 17, 2018, 02:37:42 PM
 #779

I think it would be very unlikely that bitcoin would expire by anothercurrency because bitcoin was the first cryptocurrency and became the strongest with the highest population. Bitcoin has a greater potential to grow and can become a future currency.
scoin9
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August 17, 2018, 02:54:13 PM
 #780

The cryptocurrency ecosystem is continually evolving and many new coins have been introduced in recent times, but Bitcoin remains the most traded and number 1 cryptocurrency by market cap, meaning it would take a lot of time and innovation for it to be replaced by another crypocurrency. But one thing which is constant is change but we have to wait and see.
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