Post
Topic
Board Economics
Re: Will the bitcoin be outdated by another currency?
by
Xenoph0bia
on 17/09/2018, 21:20:40 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.
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.