How fast will Bitcoin fall down?

[KingsDen]

Hi. I'm a newbie and I'm just learning about this topic. There are many questions that I would like to understand, maybe this one has already been discussed, but I didn't find the thread, sorry. How reliable is Bitcoin, what will it be if someone will generate a new blockchain or another digital currency, will it make bitcoin fall down, and how fast?

There are numerous altcoins and most of the altcoins creators are bitcoiners who are looking for ways to increase their portfolio and come to reinvest in bitcoin.  It is just like living in your Father's house and rent your personal room out and be collecting rent. And the question is how fast will your personal tenant in your room turn to be the land lord of the whole building of your father.

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[_BlackStar]

How reliable is Bitcoin,

It's quite reliable, without you realizing its reliability has attracted your attention here.

what will it be if someone will generate a new blockchain or another digital currency, will it make bitcoin fall down, and how fast?

So far there hasn't been, so I can't imagine it. If in the future there is a new blockchain that may be improved or better than bitcoin, then it is possible that the price of bitcoin will down. Bitcoin is in fact unbeaten to date and it will continue to be the world's first with all its innovations.

My question; Are you in doubt about the future of bitcoin?

[Baofeng]

Hi. I'm a newbie and I'm just learning about this topic. There are many questions that I would like to understand, maybe this one has already been discussed, but I didn't find the thread, sorry. How reliable is Bitcoin, what will it be if someone will generate a new blockchain or another digital currency, will it make bitcoin fall down, and how fast?

No, bitcoin is too big to fall at this point. And you give you a history, back in 2017, there were attempts to topple bitcoin at top by Ethereum backers and they call it "the Flippening", and then it followed by Ripple, "the Rippening", again it failed. And as far as I know, that the only time that Bitcoin has been threaten, nevertheless it still got the support and the consensus of the community. So much more that we went as high as $69k at the latest all time high while other altcoin who challenge it remain less than $10k.

[sheenshane]

Hi. I'm a newbie and I'm just learning about this topic. There are many questions that I would like to understand, maybe this one has already been discussed, but I didn't find the thread, sorry. How reliable is Bitcoin, what will it be if someone will generate a new blockchain or another digital currency, will it make bitcoin fall down, and how fast?

This forum (Bitcointalk.org) and this site Bitcoin.org will give you a beautiful insight into Bitcoin.
Just explore and understand Bitcoin and for sure you'll amaze by the beauty of the Bitcoin blockchain network.  The Bitcoin protocol can't be changed but it's open-source code that everyone can verify it.

[peter0425]

Hi. I'm a newbie and I'm just learning about this topic. There are many questions that I would like to understand, maybe this one has already been discussed, but I didn't find the thread, sorry. How reliable is Bitcoin, what will it be if someone will generate a new blockchain or another digital currency, will it make bitcoin fall down, and how fast?

This forum (Bitcointalk.org) and this site Bitcoin.org will give you a beautiful insight into Bitcoin.
Just explore and understand Bitcoin and for sure you'll amaze by the beauty of the Bitcoin blockchain network.  The Bitcoin protocol can't be changed but it's open-source code that everyone can verify it.

yeah , while he was in here instead of asking such bad thing why not explore more for His own clarification , Fall Down ? when we are in greening market now , this is truly another FUD to tell and people really love posting opposite to what is the real situation.
now crossing 21k and still climbing , it is indeed a growing status that we usually see in November time to December.

[Wexnident]

There are already thousands of copies out there and seeing as Bitcoin still stands at the top, I think that answers your question of whether it'll be replaced or not, at least in the next few years. And even if Bitcoin does fall due to some new coin, it wouldn't be a sudden fall, you'd obviously be able to see signs of it, and considering how well Bitcoin works right now, I reckon anything that will replace it would be a LOT better, which should be obvious if you study up on it.

But anw, coins have had years trying to fight Bitcoin, there have been some coins that seemed to have grown well, but ultimately Bitcoin still beat them for the top spot. If you can't trust what Bitcoin is and what its history dictates, then I don't really know what you can rely on for your judgement.

[Pierre 2]

For newbies to start, they should all know that Bitcoin can go and and fall down very fast compared to traditional stock markets. But if its not in halving period (you can google what halving is) prices are generally far more stable. For example for months Bitcoin sat around 20000 this year. Bitcoin is very cool option to trade because of these fast movements, nothing compared to it can leave that much profit so quickly.

[rodskee]

For newbies to start, they should all know that Bitcoin can go and and fall down very fast compared to traditional stock markets. But if its not in halving period (you can google what halving is) prices are generally far more stable. For example for months Bitcoin sat around 20000 this year. Bitcoin is very cool option to trade because of these fast movements, nothing compared to it can leave that much profit so quickly.

maybe he is more interested in the downfall side because growth is always the target of investors not knowing or being aware of the bad side and when the fall happens they are coming to blame the market .
Good for OP to seek about the answer in the fall down , so if the growth comes he is more ready than any of us.

[lizarder]

How reliable is Bitcoin

Have you looked at the history of bitcoin from 2009 to the present as a whole, there you will find how reliable Bitcoin is. Bitcoin's journey can never be hidden, because that history can be found anywhere for now.
Although many people hate and oppose Bitcoin.

what will it be if someone will generate a new blockchain or another digital currency

What kind of results do you expect?
Bitcoin will not be affected by the existence of blockchain or other digital currencies, so far many coins are listed or not, you can check here Coinmarketcap however bitcoin does not follow its path, meaning that it is not bitcoin that is affected, but crypto or other digital currency that follows the Bitcoin scheme.

will it make bitcoin fall down, and how fast

There will never be a fall for Bitcoin for this reason and even for other reasons, Bitcoin has become so perfect today as the King of cryptocurrencies and you will never find a capitalization of a trillion dollars in 10 years for any coin other than bitcoin.
Bitcoin is simply amazing and not even a single other coin has been able to do or surpass what Bitcoin does.

[Minecache]

Hi. I'm a newbie and I'm just learning about this topic. There are many questions that I would like to understand, maybe this one has already been discussed, but I didn't find the thread, sorry. How reliable is Bitcoin, what will it be if someone will generate a new blockchain or another digital currency, will it make bitcoin fall down, and how fast?

It can be said that bitcoin is the birthplace of the crypto market and currently bitcoin has a capitalization of half of the total market capitalization and we have more than 21000 different coins, showing that bitcoin is too big to replace or compete. Also, another thing that makes bitcoin famous is that bitcoin is decentralized and cannot be controlled by anyone. In contrast, altcoins are centralized and controlled by a single person or company. So it's safe to say bitcoin is safer than all the rest of the market.

[adzino]

By how fast bitcoin will fall, I guess you mean much the price can fall and how quickly? No one can answer this question. The crypto market is extremely volatile. The price can go up or down a lot within few minutes. Look at the price few days ago. It was below $18,500. And look at the price now, it went up above $21,500. All the ups and downs happened within few hours. You see the price, you go to bed, you wake up and you will see something different the next day. That's why you always have to keep in mind that the market is volatile and you should invest only what you can afford to lose.

-snip-
How reliable is Bitcoin, what will it be if someone will generate a new blockchain or another digital currency, will it make bitcoin fall down, and how fast?

Extremely reliable. Thousands of coins exists and more will exist, but none can take down bitcoin. At least not in the next few years.

[Reid]

Hi. I'm a newbie and I'm just learning about this topic. There are many questions that I would like to understand, maybe this one has already been discussed, but I didn't find the thread, sorry. How reliable is Bitcoin, what will it be if someone will generate a new blockchain or another digital currency, will it make bitcoin fall down, and how fast?

Bitcoin is reliable, that's proven. The market discussion though is different. Bitcoin doesn't have the power to control that, it is us (investors) who do the moving on how volatile it could be. IMO, it always go up and stays there for a long time. It doesn't go down wild that is hard to swallow anymore.
Just imagine if you have bought at the starting price, cents of a dollar.
I'd use history if I were you. There will always be ups and downs but it's value will grow bigger as time goes by.

[Piesel]

There have been several attempts for Bitcoin replacement and each time such an attempt is made Bitcoin keeps getting stronger and more sustainable, that is why we have thousands of alternative coins all around acting as a replacement to Bitcoin be it in utility or what have you.

But since Bitcoin's conception till date, bitcoin has proven to be an asset in the long term base and if you want to check Bitcoin's strength then you should look at the price since 2010 toll date Bitcoin price has gone several up and down but each time, Bitcoin keeps bouncing strong.

[stomachgrowls]

There have been several attempts for Bitcoin replacement and each time such an attempt is made Bitcoin keeps getting stronger and more sustainable, that is why we have thousands of alternative coins all around acting as a replacement to Bitcoin be it in utility or what have you.

But since Bitcoin's conception till date, bitcoin has proven to be an asset in the long term base and if you want to check Bitcoin's strength then you should look at the price since 2010 toll date Bitcoin price has gone several up and down but each time, Bitcoin keeps bouncing strong.

On all the altcoins in the market then these are tending to uncrown bitcoin into its positions.This is on what on the minds of those creators of these coins to have at least getting the marketshare but they had failed

on doing so because the entire community would be the one to decide on which project would be supported.This is why we do see different rankings of coins that we do have in the market.

Its really that evident that people cant just ignore the origin of all the coins that we do have in the market.Its really hard to assume out that it would
fall down lower into the current altcoins in the market, well everything is possible but its hard to believe on with the current situation.

[GeorgeJohn]

Hi. I'm a newbie and I'm just learning about this topic. There are many questions that I would like to understand, maybe this one has already been discussed, but I didn't find the thread, sorry. How reliable is Bitcoin, what will it be if someone will generate a new blockchain or another digital currency, will it make bitcoin fall down, and how fast?

Bitcoin is a digital currency and it's falling will be determined by the technology and the determinant of demand and supply of Bitcoin, even though theirs a new Blockchain, i don't think that it will after the life span of cryptocurrency increment, already Bitcoin have its supportive,

[Vaskiy]

Hi. I'm a newbie and I'm just learning about this topic. There are many questions that I would like to understand, maybe this one has already been discussed, but I didn't find the thread, sorry. How reliable is Bitcoin, what will it be if someone will generate a new blockchain or another digital currency, will it make bitcoin fall down, and how fast?

Bitcoin is a digital currency and it's falling will be determined by the technology and the determinant of demand and supply of Bitcoin, even though theirs a new Blockchain, i don't think that it will after the life span of cryptocurrency increment, already Bitcoin have its supportive,

Yes, the function of the bitcoin market is all connected to the demand to the supply market. A new blockchain couldn't make an impact over the market of bitcoin. Maybe alternate to bitcoin it might experience success, but bitcoin will be operative. Once popular faces claimed Bitcoin Cash as the original bitcoin, but the reality differed and bitcoin proved to the world the real value of being original in the market.

[Oceat]

What kind of fall down do you mean? Like the price or the Bitcoin currency?

Many attempted to copy Bitcoin yet they can't and they were all called altcoins these days since they can't actually copy what Bitcoin is capable of. For example, how Bitcoin is decentralized meaning no one is controlling or someone holding all of the BTC. With just that in present all altcoins can't beat Bitcoin no matter what they do since I haven't seen any cryptocurrency now that's not decentralized.

It's been 10+ years now and Bitcoin is still going and will keep going in the future.

[kotajikikox]

I don't mind how fast bitcoin will fall down because what i care most? is how fast this can recover from that falling as I have seen that so many times , the recent is last march 2020 and that is very remarkable grow and fall .

so better to love what falls bring , as it is the advantage to buy and buy , and keep it for the selling and gaining after a while.

[Mpamaegbu]

On Coinmarketcap, there are over 21600 altcoins, yet bitcoin increased in value as the adoption continues.

To even think there were just 750 of them in January of 2017 when I joined this forum and now that whopping gap of almost 21,000 extra in less than six years says much about this industry. It's growing and evolving. Yes, despite all the additions none has been able to match Bitcoin. I would've expected that Ethereum topped it because of its smart contract. ETH does what Bitcoin can do and has an extra in its smart contract but ETH has continued to disappoint in that direction. It has an edge but then I know some people will argue that it's because ETH is centralized while Bitcoin is decentralized.

[maydna]

I'm curious about what the new blockchain will look like. But maybe it wasn't like the blockchain we are familiar with but something completely different from the current blockchain. Two things will happen. First, bitcoin will remain the way we use it today. And second, bitcoin and new technology will compete to be the best of the two.

And if the new technology is better than bitcoin, maybe bitcoin will lose the trust of its users and will be abandoned by them, and that will cause bitcoin to fall rapidly. But we never know what kind of technology can make bitcoin crash.