Post
Topic
Board Economics
Re: Will the bitcoin be outdated by another currency?
by
Xenoph0bia
on 10/09/2018, 18:37:10 UTC
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Bitcoin cannot be outdated by others because first of all, it is the king of cryptocurrency.  It is also the most popular and used. Bitcoin cannot be replace by something easily. It is a currency not a social network so the relation of the bitcoin and social media has not something to do to each other. The purpose of them is so different to one another so stop comparing the two.
No this cannot happen because no other cryptocurrency or altcoin has that much of potential and capability to outdate Bitcoin.Bitcoin has the largest number of users all over the world and it is the father of all the cryptocurrencies present in the market.Bitcoin gives good amount of returns and that too in a short period of time.Even billionaires invest in Bitcoin because they know about the profit margin that it gives.Bitcoin is an easy way to earn a lot of money amd that too in a quicker time period.