Would Bitcoin become irrelevant or remain the King?

[joshv06]

Bitcoin can never become irrelevant ad challenges are bound to happen.bitcoin was the first and original cryptocurrency.i think bitcoin opened the doors to a whole new world of digital possibilities.

Yes Bitcoin is the king of crypto world and it will not become irrelevant because BTC has been recognized and globally accepted by more countries. It is being used as alternate to currency in few countries and few countries have BTC ATM which shows the positive acceptance of bitcoin across the world. So the king of crypto will always be Bitcoin!!

[lalabotax]

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

This decline in prices is due to the manipulation of very intentional elements. I think you can find readings in many threads in this forum about what happened in the last few days. for problems not relevant, I think that is your own opinion, because bitcoin remains binding on the market to date.

[gabmen]

Bitcoin can never become irrelevant ad challenges are bound to happen.bitcoin was the first and original cryptocurrency.i think bitcoin opened the doors to a whole new world of digital possibilities.

Yes Bitcoin is the king of crypto world and it will not become irrelevant because BTC has been recognized and globally accepted by more countries. It is being used as alternate to currency in few countries and few countries have BTC ATM which shows the positive acceptance of bitcoin across the world. So the king of crypto will always be Bitcoin!!

Again when it comes to what will happen and the future of bitcoin, we can't tell for sure. Like this crash that's happening right now. I am one with you with optimistic views for bitcoin but things happen dudes.

[South Park]

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

It is not as simple, bitcoin is not only a technology it is also a currency and one of the more important things a currency needs is the trust of the people, if it was not for the trust people have in the US dollar it would have crashed a very long time ago, people trust in bitcoin a lot more than in all the other coins put together so the chances it will become irrelevant are low.

[buwaytress]

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

It is not as simple, bitcoin is not only a technology it is also a currency and one of the more important things a currency needs is the trust of the people, if it was not for the trust people have in the US dollar it would have crashed a very long time ago, people trust in bitcoin a lot more than in all the other coins put together so the chances it will become irrelevant are low.

Remember when the sentiment fell after 2014 amd then for the next 2 years when it seemed the dream was over? The argument then was all about "blockchain not Bitcoin". Then we saw the flight of frenzy with altcoins and platforms for dapps, all with superior tech, scalability, tps, etc.

Then 2017 came along and showed, after all, Bitcoin had not become irrelevant. Far from that. It introduced the tech to the masses, sure. But it's uniqueness as a currency, as a new form of money... That's never going to grow old in our lifetime.

[Clark05]

In the next few years bitcoin remain king and for sure it will recover again and back to the highest price and we will be happy for sure because we earn more money again. We need to trust again to the bitcoin and everyone will get benefits from the bitcoin.

[Herbert2020]

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

It is not as simple, bitcoin is not only a technology it is also a currency and one of the more important things a currency needs is the trust of the people, if it was not for the trust people have in the US dollar it would have crashed a very long time ago, people trust in bitcoin a lot more than in all the other coins put together so the chances it will become irrelevant are low.

Remember when the sentiment fell after 2014 amd then for the next 2 years when it seemed the dream was over? The argument then was all about "blockchain not Bitcoin". Then we saw the flight of frenzy with altcoins and platforms for dapps, all with superior tech, scalability, tps, etc.

Then 2017 came along and showed, after all, Bitcoin had not become irrelevant. Far from that. It introduced the tech to the masses, sure. But it's uniqueness as a currency, as a new form of money... That's never going to grow old in our lifetime.

you can't call others such as DApps,... as "superior technology" to bitcoin because it is not the same thing, it is a different technology designed to do a different thing. bitcoin is a currency and the reason why it is staying on top is because despite what people like OP think it is still the best decentralized payment system out there.

[fasdorcas]

Why would it be just those two options? Does it have to be the king or become irrelevant, is the drop looking that bad for the future ? I mean maybe one day bitcoin and crypto all will prevail from this awful bear year and it all goes up however ethereum goes up higher and takes the number one spot from bitcoin ?

Bitcoin would become say 30 thousand dollars while ethereum is 20 thousand dollars (higher marketcap because of the volume), that doesn't mean bitcoin is irrelevant at all, that means bitcoin is still amazing and doing very well but people would decide that ethereum is just much better and become the king. There are a lot of in between areas for bitcoin to be in aside from king or bust, it can be 10th biggest coin one day, that wouldn't make it irrelevant neither.

[drachman]

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

Those are not the only options, there is a third option in which bitcoin is no longer the leading coin in the market but it is still relevant, however I find that option to be very unlikely and the same is true for the option that you give in which bitcoin becomes irrelevant, bitcoin created this market out of nowhere and only a coin that is many times superior to it could take away its place and I do not see any coin like that.

[carlisle1]

So I am a big bitcoin enthusiast, but I realize it has problems. Also more and more people are trying to perfect their algorithms.
What if they reach their goals and bitcoin becomes irrelevant?
The price drop isn't showing that great either!

Bitcoin will never become irrelevant thats for sure as blockchain is the best technology EVER made.

But lets give the benefits of the doubt,if ever bitcoin become irrelevant doesnt mean the value will drops badly,this is the most popular cryptocurrency and we can’t take a fact that we will use this currency even how many comes out