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Author Topic: Will the bitcoin be outdated by another currency?  (Read 3705 times)
Chrystora123
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September 05, 2018, 07:34:27 PM
 #901

Bitcoin is like a dollar, becoming a benchmark by other cryptocurrencies, it would be impossible for other cryptocurrencies to beat Bitcoin...indeed no one can ensure that Bitcoin will continue to dominate the cryptocurrency market because of the 5000 types of Altcoin in circulation today, everything says more faster, more efficient and low fees than Bitcoin  Cheesy

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Cripinggedang
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September 05, 2018, 08:06:16 PM
 #902

I think it's impossible because bitcoin is the king of the crypto currency.
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September 05, 2018, 08:51:13 PM
 #903

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 agree with you, it is nearly impossible for some altcoins to surpass that achievement of bitcoin here in cryptocurrency. It will only have 1% of a chances for some altcoins to surpass bitcoin.
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September 05, 2018, 08:54:39 PM
 #904

No. Because bitcoin is mostly used by market, legal or illegal. Some stores in the world uses bitcoin as their money. That is why bitcoin cannot be surpassed by other altcoins just because they have a higher value than bitcoin. Bitcoin is still the pillar of cryptocurrency, without it, the cryptocurrency world would not exist.
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September 05, 2018, 08:56:13 PM
 #905

Well, I think Bitcoin will not be outdated by another currency because The digital economy is the future economy that will be based on big data, artificial intelligence, cloud, IOT, and digital money. Bitcoin is money or commodity is also part of an important future. The continuity of Bitcoin will apply the basic laws of demand and supply economics.

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September 05, 2018, 08:59:32 PM
 #906

As a currency, bitcoin may be old-fashioned and can be replaced by other coins which are faster, cheaper and much easier to use, but as a store of value -asset class, bitcoin will always be number one crypto-currency. That is why there is so much interest in it than in all other cryptos which are even more efficient than btc

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September 05, 2018, 10:39:37 PM
 #907

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.

Bitcoin really assure the safety and protection of one’s asset and financial capabilities. However, in order to improve its capacity to help the society, developmental procedures should done. I think competition is a great process of innovation regarding Bitcoin. If there is another currency performing in the society, Bitcoin innovators will find a way for development.
BitcoinMarshal
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September 05, 2018, 11:02:57 PM
 #908

We can use bitcoins in our cellphone and other gadgets for the fast ways of transaction that is the positive way if we use bitcoins unlike the cash transaction like banks and other sending station is so slow and we need to wait for few minutes to send and receive but through this digital currency is so easy to use easy to earn money and easy to invest more capital for more profit we have too many benefits just because of this I am not sure its going to replace by any other currency.

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Coongcoongler
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September 06, 2018, 01:55:54 AM
 #909

It is impossible for a coin to beat bitcoin in a short time. It has been king in the past few years. And all the bad things they can throw to it, it is still the best and the most profitable coin there is out there, no doubt that Bitcoin is here to stay and it will stay on top for a long period of time.
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September 06, 2018, 02:49:02 AM
 #910

It all depends on what the developers do from here , They could upgrade everything so transactions are faster and cheaper or find that Bitcoin is best served as a store of value. The possibilities are endless.
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September 06, 2018, 03:57:41 AM
 #911

My answer is a BIG NO. you know why? Paper money or Fiat has value in our society because people believe or accepted it as exchange for goods or services. Across the world people adopting bitcoin just like they accepted and believe in money before. Maybe there will come a time that theres a new digital currency that has superior and much capable than bitcoin but Bitcoin will become our digital gold. People accepted Digital cash or cryptocurrency because of Bitcoin.

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Joriecoinbit
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September 06, 2018, 04:12:36 AM
 #912

My answer is a BIG NO. you know why? Paper money or Fiat has value in our society because people believe or accepted it as exchange for goods or services. Across the world people adopting bitcoin just like they accepted and believe in money before. Maybe there will come a time that theres a new digital currency that has superior and much capable than bitcoin but Bitcoin will become our digital gold. People accepted Digital cash or cryptocurrency because of Bitcoin.

People will always convert their bitcoin to fiat coz as of the moment, there are only few stores who accept bitcoin as mode of payment. However, people will still love to invest in bitcoin because it has a greater return on investment than the other currency. Bitcoin will always be there no matter what happen.

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September 06, 2018, 04:32:04 AM
 #913

From the article that I have read the beginning of the purpose of bitcoin is for transactions because of the lack of banks that give interest or fees and taxes for every fund in savings. Even though now bitcoin is more as an asset I don't think it's safe (in terms of value) we know that bitcoin is fluctuating. To say outdated I don't know because crypto coins that use the same technology as bitcoin are still many and have strong potential, but for other currencies is no, because experts have also said that blockchain is a world transaction solution.

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September 07, 2018, 01:46:35 AM
 #914

It always can be but it will be too hard for another currency to get that position because today almost all of the online earners are basing on the capability and the value of bitcoin the idea also of bitcoin will get you the idea to invest into it.
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September 07, 2018, 12:46:31 PM
 #915

the possibility of Bitcoin and a number of other digital currencies will later become a substitute for paper money that is commonly used as a medium of exchange. Because this digital currency can fix various problems and shortcomings in paper currency.

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September 07, 2018, 12:53:13 PM
 #916

BTC will never be able to get other pennies out of the way, as I think the market is down, all the coins are down and not minus BTC, in my opinion BTC is never outdated, BTC is king of the baccarat market code
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September 09, 2018, 08:08:26 AM
 #917

Nobody can give answer on this question, we can have our opinions, predictions, we can try to consult future tellers, but nobody can guarantee nothing. Technology in past decades is progressing with high speed, new things coming out every day, look how many people talk about artificial intelligence, about quantum computers, when that arrives current technologies will stay in shadow, but when will that happen.
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September 09, 2018, 10:15:45 AM
 #918

Looking at the present performance of BTC we can surely say that no one can replace BTC and it will not get outdated.But as the emergence of new coins or currency us increasing anything can happen to it.We cannot predict what will exactly happen.If a coin or currency which will have much more advantages than BTC ,it will surely replace or outdate the bitcoin.Rest nobody is so sure about it.

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September 09, 2018, 10:22:00 AM
 #919

Maybe it happens or maybe not.Crypto market is very unpredictable.So we can't say what will exactly happen in the future.Many coin's are available in the market but still Bitcoin is dominant of all.We are observing that many coin's are growing on a decent rate so maybe in future Bitcoin become outdated and some other coin overpower it. But I feel that it will never happen. Bitcoin will always be the dominant one.

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September 09, 2018, 11:06:50 AM
 #920

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 will not be outdated by another currency. We all know that bitcoin is one of the hottest crypto currency on the world. So if ever that there is a new crypto currency make maybe it will not be like bitcoin because we all know that bitcoin is the very strongest digital money. And it makes a history in the world of crypto.

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