Will the bitcoin be outdated by another currency?

[Shiversnow]

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.

Clearly the answer is NO. Bitcoin will be the number one in all time. It already build a name and gives trust by the people. It would be in the past years that bitcoin will still remain on top. Other alternate cryptocurrency needs a lot of effort to be like bitcoin.

[1715041701]

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[wallstone]

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.

Confidently it is a NO. Since bitcoin is the first cryptocurrency that has been made, other cryptocurrency will need to work hard just to surpass the legacy that become has made. It will greatly hard for them, since bitcoin is widely known. Many people are trusted to invest with bitcoin.

[BertoloyBTC]

We the supporters of bitcoin will really say that bitcoin will not be outdated by another currency  and this is also proven for there are a lot of coin that are attempting to outdated the bitcoin but they are failed because bitcoin as now is still very popular in the cryptoworld as the number one coin in the market place.

[juperos]

I do not think Bitcoin is obsolete compared to other altcoins. Nowadays, the whales still support Bitcoin a lot and the pump-and-hold event always works the most in BTC. In addition, the number of transactions is highest in the daily market and that shows that trading on the BTC is safe.

[boynamnhi]

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.

Absolutely correct, bitcoin will never be outdated by other coin makers, many claim that ETH is the penny of the year, but you can see in the past month 8,9 value has dropped many times, maybe bitcoin is the best choice

[Piggy]

If we compare the technological achievements that we have today with those that were twenty or thirty years ago, we will conclude that everything that at one time we thought was superior and irreplaceable has come to fall into absolesence with the passage of the years. Unfortunately I do not think that the case of blockchain technology happens in a different way, and in fact at this very moment we are witnessing the great enthusiasm that cryptology is generating, stretching the technological limits of new cryptocurrencies to levels really unsuspected a few years ago.

This does not mean that the bitcoin as a store of value or as a long term investment ceases to be convenient or loses its usefulness over the years, but in strictly technological terms it is a fact that sooner or later it will be outdated.

I agree with you here and i would like to show this graph to give an idea about the incrising technological advancements



Going back to the question of the op, truth is we cannot know, it depend also from the changes that bitcoin will undergo in the future.

[beverly788113]

Another currency or another altcoin? If altcoin then Lets wait for etherium to replace the throne of the king if bitcoin will not implement the lightning network and etherium will in the future successfully feature it Im sure eth will be the next one.   

In my opinion, it is very difficult for ETH to beat BTC, if there are a lot of other coin apps that are better than ETH and BTC. However, the difference is that people only believe in bitcoin because their prices are not so volatile

[Bitcoinbitcoin0909]

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.

There is a possibility but still it would take up a long time before that happens considering the expensive value of bitcoin and the price gap of it with other altcoins. Bitcoin has built it success after a long time of criticism and doubtful minds of the people but still it reigns dominant so it would be hard to outdate bitcoin.

[Xenoph0bia]

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.

There is a possibility but still it would take up a long time before that happens considering the expensive value of bitcoin and the price gap of it with other altcoins. Bitcoin has built it success after a long time of criticism and doubtful minds of the people but still it reigns dominant so it would be hard to outdate bitcoin.

No I don't think so that any other cryptocurrency or altcoin has that much of capability and potential to overtake or out date Bitcoin.Bitcoin is a father of all the cryptocurrencies and it is the most expensive and valuable one in the market.Tt has the highest number of users among all the cryptocurrencies and its demand is also very high in the market.It is the best option for investment purposes in today's date.It is also considered as the future of the currency.

[KingdomHearts]

Bitcoin won't be outdated by any other currency Bitcoin is independent of everything and it can be in competition with no one either fait or any other currency

This may happen and may not because as we go on we meet with new technologies so something other can out-date it. But I see that there is nothing that can compete with the Bitcoin and can overcome it up till now so we have this source of investment as well as payment system. All we need is to use it and get the benefits of it either in the form of savings or simply profit.

[beverly788113]

Others speculate so as well because pf how popular etherium is becoming. Others think that some day will come when etherium will actually surpass bitcoin because of its aspects that are better than bitcoin’s. Some even claim that btcoin will eventually die because of the many altcoins and competition being created. Bitcoin has slowly become outdated because of its high transaction fees and long confirmation times, and people say that this is what would eventually kill bitcoin.

Ethereum's aspects? The only point of usage it enjoys and thrives on is the booming ICO market. If we look at how governments are tightening their regulatory framework, Ethereum might be up for some harsh times.

People have been complaining about Bitcoin for years, but they still are using it because there is no better alternative. If altcoins were really that much better, there would be a shift happening, but there isn't.

Bitcoin is the first of the first and people value that, where the network speaks for itself as well. Altcoins have earned their place in this market, but as a separate lower division. Bitcoin is on top and will remain there until the end.

Absolutely agree with you, altcoin only appears after a bitcoin for a short time, not entirely because of the early appearance of the bitcoin that caused their dominance. People trust bitcoin for their safety, security and security of price

[shainasaz]

Bitcoin is very good when we talk about the work and earning money and that's what people like the most. No one can defeat bitcoin because this coins has a huge potencial to grow up higher that's why many poeple invest it to earn profits from it.

[htconem7]

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, perhaps the most remarkable bitcoin is the low total supply and scarcity. The altcoin coins have a very fast level of trading their quantities are too large, not necessarily in such large quantities. Who knows that one day they will be "exploited" a billion times, we need a scarcity for value.

[cammie16]

Bitcoin is very good when we talk about the work and earning money and that's what people like the most. No one can defeat bitcoin because this coins has a huge potencial to grow up higher that's why many poeple invest it to earn profits from it.

Yeah right, that's mean for now and for many years I think there is none that can replace bitcoin and I am sure that bitcoin will continue to grow and achieve high price as time passes by.

[sidodadii]

nothing impossible. bitcoin can be replace by other currency sometimes or never. but still have chance to replace by other.
when people no more buy bitcoin, no transaction made, but cryptocurrent still alive, it can be predicted that bitcoin will be loss popularity.
in a fact, bitcoin is mother of coin. the one, mighty coin here. so, its hard to move bitcoin from it throne.

[boynamnhi]

If we compare the technological achievements that we have today with those that were twenty or thirty years ago, we will conclude that everything that at one time we thought was superior and irreplaceable has come to fall into absolesence with the passage of the years. Unfortunately I do not think that the case of blockchain technology happens in a different way, and in fact at this very moment we are witnessing the great enthusiasm that cryptology is generating, stretching the technological limits of new cryptocurrencies to levels really unsuspected a few years ago.

This does not mean that the bitcoin as a store of value or as a long term investment ceases to be convenient or loses its usefulness over the years, but in strictly technological terms it is a fact that sooner or later it will be outdated.

I agree with you here and i would like to show this graph to give an idea about the incrising technological advancements



Going back to the question of the op, truth is we cannot know, it depend also from the changes that bitcoin will undergo in the future.

Yes, more and more advances in technology and especially in information technology. Electronic money is one of those advances, looking at the chart I see all the advances from 2012 can be dominated by electronic money if the electronic money grows. I believe that bitcoin will not be outdated because it is new

[Lalafell]

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's see any cryptocurrency can surpass what bitcoin established. Bitcoin already proven what it can give by being the longest active and gaining coin. It seems that it is the mother of all coin. Bitcoin already help a lot of people in terms of financial, security and convenience.

[Valer4ik]

It seems that the amplitude of the course fluctuations gradually damps, approaching the average value around which the course has been going the last months. As soon as it falls closer to 6,000, the owners of the mining plants begin to raise it, because it is already close to the outlet, do not forget that large players also have costs for rent, personnel, taxes, etc. ...

And as soon as it rises closer to 7 thousand - immediately start the market whales to close positions, race, who will quickly be in time before the fall of the rate again closer to 6 thousand. Somehow, And some powerful impact is needed to break the course out of this the devil's pendulum ....

[dimox]

i think we have same thought for now. bitcoin cant be replace by other cryptocurrent. every second people make transaction using bitcoin. bitcoin is the first idea to make another coin. but nothing impossible here, you know that bitcoin price for the first it release and last year it have big change. we dont know how the future about bitcoin. if you always use this coin for your business i think it wont be replace

[jonatuzc]

Another currency or another altcoin? If altcoin then Lets wait for etherium to replace the throne of the king if bitcoin will not implement the lightning network and etherium will in the future successfully feature it Im sure eth will be the next one.   

In my opinion, it is very difficult for ETH to beat BTC, if there are a lot of other coin apps that are better than ETH and BTC. However, the difference is that people only believe in bitcoin because their prices are not so volatile

It is difficult to overcome Bitcoin by ETH and this is totally irrelevant to say because we have to know about the prices of both coins then we be able to compare and talk about both the coins. The price of Ethereum is 196 US dollar while that of Bitcoin is 6251 US dollar and both are currently running in their low markets so the difference is clear that it will take long for Ethereum to reach at even the lowest value of Bitcoin.