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Author Topic: Will bitcoin last forever?  (Read 720 times)
Msigwaeliza (OP)
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March 26, 2020, 02:18:03 PM
 #1

We see that's some of the cryptocurrencies ranking level are decreased such as dogecoin before it was ranked #4 but currently I think it doesn't listed even in top #10 ranking... So can bitcoin also decrease its rank in the future or it will remain #1 rank forever?.
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March 26, 2020, 07:00:39 PM
 #2

There is Bitcoin, and then there's everything else. Everything else is effectively interchangeable.

I can imagine scum like the BSV crew will play with pumps and market caps to attempt to make it look that way for brief moments before they fall back but nothing will sustain as they're ultimately empty gestures.

Bitcoin is the oldest, best developed, most purely launched and most decentralised project. That all adds up to trust and trust can't be bought or faked. It can only be earned. Nothing will be able to match that trust and that's the main thing that counts in deciding market position and value.

I can imagine in future there will still be something named Bitcoin that bears no technical resemblance to what we use now. Because it's the same ledger it will still be Bitcoin.
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March 27, 2020, 05:10:50 AM
 #3

I don't think so. It is still ranking on top 1 no matter what. A lot of speculations that ethereum and bch will gonna beat the bitcoin but until now, the king remains on the first rank. It is the first cryptocurrency that is created thus making it special.
 
 Regardless of the altcoins good characteristics, the reputation and established form of bitcoin can not be surpass. It is different from the other and has beyond impact which can basically change or rather improved the future.
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March 27, 2020, 07:05:14 AM
 #4

that's possible, but the potential is very small. can or not, we can know if there is a crypto that exceeds bitcoin. but, so far the potential is not there yet. bitcoin will probably stay in first place for now and so on. even more, if you consider that bitcoin affects almost all altcoins.

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March 27, 2020, 07:20:29 AM
 #5

Bitcoin will still be the number one coin in cryptocurrency because no coin can overtake it in the future. See the bitcoin market capitalist is very different from the second position, namely Ethereum because indeed the demand for bitcoin is getting more and more, it will still be the first and more used for large investors and in the future it will be used by many large companies or even in a country.

In the future bitcoin will increase maybe it will be more expensive because of its many requests and therefore people can believe that bitcoin will bring extraordinary benefits if held for a long time.

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March 27, 2020, 09:12:09 AM
 #6

We see that's some of the cryptocurrencies ranking level are decreased such as dogecoin before it was ranked #4 but currently I think it doesn't listed even in top #10 ranking... So can bitcoin also decrease its rank in the future or it will remain #1 rank forever?.

BTC has been the poster child of cryptocurrency and we can even call it the first truly cryptocurrency that started everything. And as you can see, all other coins are called alternate or alternative coins. So those coins ranking are going to be interchange, we have seen ETH and XRP bouncing back at 2nd and third spot if I'm not mistaken.

But as far as the number one ranking goes, there's no one that can dethrone bitcoin for now. Look at the dominance, above 60% and as low as 40%-45% during the peak at 2017. So for me, no one can topple bitcoin at the top spot.

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March 27, 2020, 10:32:58 AM
 #7

It's here to stay.

Comparing to the position of Dogecoin and any other altcoins. They're alts and that's expected for them to happen and I think you should be asking if the top alts will remain at the top.

Bitcoin, no doubt it shall stay because it's the one that build the foundation of cryptocurrencies.

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March 27, 2020, 10:36:21 AM
 #8

In terms of the marketcap rankings it won't last forever but imo it will hold it's spot for a very long time because most altcoins get affected whenever Bitcoin's price move.

On the other hand those rankings doesn't determine the true ranking of each cryptocurrencies, if Bitcoin isn't in the top 10 in the future it could still be the first in other things (like gentleman mentioned).

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March 27, 2020, 11:22:02 AM
 #9

Remember that altcoins will remain altcoin and Bitcoin is the first cryptocurrency created. I have no doubt that altcoins will never be the same code of Bitcoin and of course, it will remain on the top of all cryptocurrencies.

That was right, Bitcoin has been build already and has a strong foundation in crypto space and no one will defeat the Bitcoin, IMO. If you can see only Bitcoin was an open-source project and I think this makes Bitcoin still existed and was on the mainstream.

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March 27, 2020, 11:22:56 AM
 #10

Well, as of now, There's no alt that could be a great threat to dethrone Bitcoin. The closest alt to chase Bitcoin's spot was ETH but still It wasn't enough and still far from taking the number 1 spot in terms of popularity and usage.
One of the key factor why Bitcoin will still remain the top cryptocurrency is, the fact that there's no authority in Bitcoin network that will going to abuse it, unlike the majority of the alts in the market who has been distributing a bias amount of crypto for the big investors.
So, basically owning a Bitcoin is like owning a fiat currency.

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March 27, 2020, 12:35:52 PM
 #11

We see that's some of the cryptocurrencies ranking level are decreased such as dogecoin before it was ranked #4 but currently I think it doesn't listed even in top #10 ranking... So can bitcoin also decrease its rank in the future or it will remain #1 rank forever?.
Nothing is forever Cheesy.

Kidding aside, all has a chance and possibilities so Bitcoin going down to its current rank right now is still possible but how much? Probably around 0.0000001 - 0.0000000001%.
You get what I mean right? It is still possible but the chances of it to happen are like chances of winning of a gambler who gambled in a lottery Wink.

The rankings of the coins right is based on its market cap and if you will compare the market cap of Bitcoin and Ethereum, you will see a huge gap between them so what is the way for the coins to remove Bitcoin to the top spot? I don't see any way for them to do it unless Bitcoin will turn into a ponzi scheme which is impossible as we see right now. Regarding to your question, Bitcoin will not remain the #1 rank but the chances of it to happen is very low that it is almost impossible to happen.

 
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March 27, 2020, 12:47:05 PM
 #12

We can all talk about ranks and it will just last forever so better not look at that way.

It ain't about being on the top, IMO.
It's all about the usage.
I am waiting for that moment and that is why I am still here.
Been using Ethereum for quite a lot but it ain't on the top. That is because of the cheap transaction fee.
You cannot be a full time loyal to one coin although I always prefer bitcoin but just not now.
That is why I go thru different varieties and see if some of them have some good usage now rather than spending a lot with bitcoin.
But still, I won't stop keeping it. I know there will be a timeline out there where bitcoin will be used everyday or even every minute.
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March 27, 2020, 01:12:48 PM
 #13

We see that's some of the cryptocurrencies ranking level are decreased such as dogecoin before it was ranked #4 but currently I think it doesn't listed even in top #10 ranking... So can bitcoin also decrease its rank in the future or it will remain #1 rank forever?.

Nothing do last forever- keep it on your mind.We cant tell if bitcoin would able to have that top 1 rank forever.There would be always new and updated
coins which is more better than btc itself so the probability of being replaced on top spot is always there.For now it remain on the top spot for 10 years since
it was created knowing that this is the father of all crypto.So its really hard to believe that it would be replaced anytime soon if we do base up on the
demand and support of the entire crypto community. Bitcoin is always preferable and its value is  the solid-proof.

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March 27, 2020, 01:31:02 PM
 #14

Possibly. Just that, it takes a similar idea such as BTC to possibly exceed it. Right now, no one could think of anything passing through BTC, with its fame bringing it to its current state right now. Not to mention that you could say the crypto scene is only starting to take shape and can only be considered an infant in the global scale. As for anything passing BTC by any time? You gotta go and tell that to those big shots that don't let it go down.

There was never a thing that stayed to date. Whether it be fashion, leadership, trend, everything would have its end. It's a matter of how long it takes before it bites the dust. It may take a similar idea for Bitcoin to overtake it, but in the end, it still got overtaken.

 
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March 27, 2020, 01:41:42 PM
 #15

As the mother of cryptocurrency bitcoin will be hard to be replaced. Most of crypto user will have bitcoin and also most of newcomer will choose bitcoin as their investment place before they choose an altcon. Which I think the chance to be replaced is really small even it is impossible. You can see from the market cap for each coin and compare with bitcoin, as of now bitcoin has marketcap more then $121 billion based on coinmarketcap and compare with ETH which is in the second position who just have $14 billion. Maybe it will takes more one decade to able to replace.
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March 27, 2020, 02:23:19 PM
 #16

I think bitcoin is link as blockchain is important. For bitcoin to lose it place in position, I see it as a difficult thing that will happen. Take for instance when in 2018, bitcoin dropped and was getting most people the feeling of total collapse and no existence but it came back again strong that no coin was able to go above.
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March 27, 2020, 02:30:36 PM
 #17

Prediction is a tricky business, it's so easy to be wrong and so hard to be right...

Bitcoin is a pure gold it has become more mainstream and it's value will continue to increase in future, I don't believe in those who say BTC will be vanished. BTC will dominate the world one-day and I am going it any way.

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March 27, 2020, 03:01:34 PM
 #18

There's was a moment when Ethereum was close to flipping Bitcoin and (likely only temporarily) overtaking it as #1 coin. But today Bitcoin is undisputed champion and it's hard to imagine how this can shift. I personally believe there will never be another alt season, so no more opportunities for the flippening like the one I described earlier. It's safe to say that in the observable future Bitcoin will keep being number one, and as for very long run - no one can really predict that, so we shouldn't worry about that now.
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March 27, 2020, 03:56:39 PM
 #19

if bitcoin was useless like dogecoin or all other altcoins that keep getting dumped and go down in the lists then yeah it would have disappeared already. but the problem is that you are comparing shitcoins' behavior with bitcoin and expect bitcoin to act like them which doesn't make any sense.

There's was a moment when Ethereum was close to flipping Bitcoin and (likely only temporarily) overtaking it as #1 coin.
there has never been such a moment. ethereum is as it has always been a shitcoin. it got pumped a lot like many other shitcoins and the pumpers started a social media campaign to fool newbies into thinking "flippening" is a thing Grin

There is a FOMO brewing...
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March 27, 2020, 04:38:57 PM
 #20

Technically "forever" is a very long period of time, I do not think we will have bitcoin "forever", it will be around in 10 years probably 20, maybe even 50 years.

But, think about how fast the technology and the world improves in the past 10-20 years, that means we can't really comprehend what it can do in 50-100 years, most of us will not be alive in 50 years, all of us will be dead in 100 years, even the youngest people here must be at least 15-20 years old, even if you are 5 years old (which I doubt any 5 year old would be on bitcointalk) that is 105 years old, and probably dead. So, that means we will not see bitcoin being fully gone if you ask me. But, in 100 years we will definitely have people living on mars, at least it looks like that from here right now.

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