Bitcoin has no competition

#1
All those people that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bticoin is alive, the stronger it gets and the bigger the network effect. Sorry but there will not be a Bitcoin 2.0. Bitcoin will go to 100k+ per coin in the next 5 to 10 years, it will absorb all the value researched in the field if not directly through protocol improvements then through sidechains.

Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
There will be alts that pump really hard and make people millionaires, but no alt is going to surpass Bitcoin's strength and solidity. No coin will get a bigger marketcap. In the long term people holding 21+ BTC will be rewarded by history with rich-tier status for seeing the value in it before most people did. Do not let the people to trick your mind or the trolls try to derrail the excellent job being done by Core devs.

Let's continue then our path towards inevitable triumph.
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Re: Bitcoin has no competition

#2
ambar33n wrote: All those people that where saying year ago how Bitcoin would fail because another currency would take over get proven wrong year after year. The more time Bticoin is alive, the stronger it gets and the bigger the network effect. Sorry but there will not be a Bitcoin 2.0. Bitcoin will go to 100k+ per coin in the next 5 to 10 years, it will absorb all the value researched in the field if not directly through protocol improvements then through sidechains.

Bitcoin will remain the only solid coin. The only coin that survived for the longest time (other coins can't claim this unless they invent a time machine).
There will be alts that pump really hard and make people millionaires, but no alt is going to surpass Bitcoin's strength and solidity. No coin will get a bigger marketcap. In the long term people holding 21+ BTC will be rewarded by history with rich-tier status for seeing the value in it before most people did. Do not let the people to trick your mind or the trolls try to derrail the excellent job being done by Core devs.

Let's continue then our path towards inevitable triumph.
I can agree with your point of view regarding no other crypto that will replace BTC.

Bitcoin has the following (which some was covered by you:
- BTC is the most known cryptocurrency in the market
- BTC is the highest valued
- BTC is the most mined currency (3/4 of BTC operation is in China though)
- New technology to adopt crypto into the market in most cases focuses on BTC compared to other cryptocurrencies. This adoption includes regulations in different parts of the world such as Canada, and South Korea.
- BTC affects other cryptos instead of the other way around, due to its power in the market.

With so much going for BTC, it would be hard for anything upcoming to replace it. The only way something would overtake BTC is "if"
- the government bans all cryptocurrency and only allows the crypto they allow to be used
- the market takes a 360 turn on btc and decides another crypto has more uses
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Re: Bitcoin has no competition

#3
IThe last post on this thread was in 2018 and now, in 2019, the time showed the correctness of the of the above prediction.
Bitcoin has risen again and still has the most capitalization
Still, caution has to be taken as more ups and downs can be foreseen in the future.
As to where Chinese miners will go due to pressures from their government is hard to know for sure due to lack of accurate statistics, but Canada is one of the first on their list due to neutrality and sufficient electrical capacity for the demand.
www.prudentmining.com
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Re: Bitcoin has no competition

#5
Bitcoin definitely has competition!

There are several issue with bitcoin which are solved by other cryptocurrencies

Slow transactions which can take upto an hour
High transaction fees
Internal/governance issues

If we look at Ethereum it provides faster transactions at a lower fee. Ethereum also enables wide range of application by the means of smart contracts.
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