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Author Topic: Will the bitcoin be outdated by another currency?  (Read 5691 times)
nisya
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August 18, 2018, 03:39:48 AM
 #781

I can 100% totally agree with you. Bitcoin is something that cannot just be outdated with regular cryptocurrency which would be developed after it. As far as we can see there is no competitor to bitcoin on current stage.

Bitcoins will never be outdated but it was possible if there will be a new coin in the future that is going to replace bitcoins since the competition in the market today is very tight.

especially if the new coin has a different specification from bitcoin and that new coin has another benefit comparing to bitcoin. but I don't think that bitcoin can be outdated from the other coins because in the cryptocurrency itself, all coin is followed bitcoin only and they cannot step forward from bitcoin except if the other coin gives something different than bitcoin.
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jhonvir666
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August 21, 2018, 02:31:17 AM
 #782

for me the bitcoin does not seem like it alone has grown and it never expires in other digital currencies because bitcoin is rising so easily and the bitcoin has more of it known multiple times, and can also be Use bitcoin as an asset by working comparable and more ways to get lots of bitcoins and can be redeemed with money using cryptocurrency.
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August 21, 2018, 05:00:03 AM
 #783

I am witnessing similar threads in this forum ever since I decided to invest in crypto 6 years back. But till now no altcoin has managed to do so. I am not saying that it is impossible, but IMO none of the current bunch of alts are capable of doing that.
Osayo
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August 21, 2018, 05:24:27 AM
 #784

Bitcoin has come to stay. No currency can easily push it away.

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vixcious
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August 21, 2018, 05:25:44 AM
 #785

 I think it may be outdated but it still attracts a lot of whales. Because it was the first Crypto to bring Blockchain to the world and that technology would certainly be appreciated.
So we can see daily volume up to $ 4 billion. That's great that other altcoins do not.

btcmegastar
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August 21, 2018, 05:32:10 AM
 #786

Every year there are many new coins launching in the market but till now i didn't find any cryptocurrency which is going to compete for Bitcoin, Still, bitcoin is a dominant currency which we cannot able predict the future coins but the chances beating the Bitcoin price is still low.
pamsugas
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August 21, 2018, 06:10:05 AM
 #787

no altcoin can be compared with bitcoin. bitcoin is the crypto king, but if one day overtake the volume of bitcoin, eth is the answer
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August 21, 2018, 06:53:44 AM
 #788

It's not possible, that altcoins will be stronger than btc. It's too good coin, and its dominance on the market is unquestionable.
hanxinvwang
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August 21, 2018, 10:02:26 AM
 #789

This is a very complicated issue. My answer is no. I don't think it is impossible to have such a coin for at least 10 to 20 years. Unless the future government jointly issues coins, it will not exceed Bitcoin. Bitcoin creates cryptocurrencies, so bitcoin is currently king, and it's great.

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August 21, 2018, 10:05:55 AM
 #790

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.

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Absolutely no. We must remember that Bitcoin is the pioneer of all coins. Without bitcoin, other coins will not rise up. Also, the price movement is happening because of the price of bitcoin. So, I would disagree.
Osakrita
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August 21, 2018, 10:06:05 AM
 #791

The blockchain is still at its infancy and we are not too sure how far further development will be all-encompassing, so it is hard to tell if there won't be something far better than what we have now. That's not to say bitcoin will not always be an asset worthwhile
narik amal
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August 21, 2018, 01:00:56 PM
 #792

no, for me bitcoin will not expire by other currencies because bitcoin will survive as it is today with its cryptocurrency.
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August 21, 2018, 01:09:35 PM
 #793

ultimately yes when crypto will finally establish themselves, they will adhere to regulations and compliance rules from countries all over the world. Current form of crypto cannot do that and therefore they will ultimately be replaced. At best these will be given status of assets but will still not be a legal tender fro payments in short terms.
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August 21, 2018, 01:09:55 PM
 #794

Each time there will be certain currencies that take possession of the market. For example, in prehistoric times metal coins are predominant, followed by paper currencies and pre-polymers, and pre-digital is the trend of the times
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August 22, 2018, 11:27:00 AM
 #795

no crypto currency will come near to outdated to any another curr4ency in the near future we can see bitcoin stay strong for many years to come
Diablesfunis
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August 22, 2018, 11:31:01 AM
 #796

It will be replaced by another store of value but that won't happen in near future as bitcoin itself is fairly new. There will be something with better tech that will be suitable for store of value but I don't see it happening in the next 10 years, bitcoin itself only around for about 9 or 10 years so far and it's still in the early development stage so there's still a lot of time for it to established itself as a great store of value.

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August 22, 2018, 12:28:13 PM
 #797

I don't say that in nearly 4 years it will happen because there is no such cryptocurrency which can stand in one roll with bitcoin right now bitcoin is still number one on this party.

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August 22, 2018, 01:09:04 PM
 #798

True, bitcoin will not be outdated not only because he is the king of cryptocurrency but because bitcoin is Bitcoin. Even there's so many coins right now, they will still need to run a long long time before they reach atleast 3/4 of value of bitcoin. Bitcoin surpassed many crisis and proved itself many times.
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August 22, 2018, 01:48:02 PM
 #799

Of course, there is always an opportunity to replace bitcoin with other coins, now it has registered more than 1200 coins and of course all coins have the chance to become number # 1 and replace bitcoin.
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August 24, 2018, 12:47:04 AM
 #800

I think that the bitcoin will strongly remain as the number cryptocurrency for the next 5 to 10 more years. Why? In all history, some of the greatest and the most powerful people or things before were thought to be irreplaceable as number 1 but they all went down and ceases to exist. History will repeat itself. Currently, bitcoin is the greatest crypto ever, but sooner or later,  it will go down and will be replaced by something of greater value.
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