[Crypto Debate] Bitcoin will not be the no.1 cryptocurrency in the future.

Discussion • 2020/01/22 • by Remitano

Here is the next debate topic of the Crypto Debate Competition!

1. Topic: Bitcoin will not be the no.1 cryptocurrency in the future.

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3. Prizes

  • 3 excellent comments on this topic voted by Remitano will receive 20 USDT each.

4. Time

  • Comment time: from January 23, 2020, to February 23, 2020
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Congratulations to our 3 debate winners. Here are 3 comments voted by Remitano.

atdeejay12

Bitcoin will strive to become number 1 CryptoCurrency in the future but will eventually not be number 1 crypto. The current trend sees to it that many big companies and parastatals are creating a new position on crypto such is Facebook and even the government of china as the news have it. The World power will seek all means to look for a way to effectively control Bitcoin and looking deeply this seems impossible only slim chances of possibility which in its case will never be 100%. At this junction, the World government would rather have a new form of digital currency which will compete with bitcoin and of course will superior to bitcoin overnight since it has the support of the world government.
From my own point of view, the world government will grow wings which will create room for bitcoin to go deep and never be number 1 CryptoCurrency

lanceey

Well from my thoughts and mindset, I believe bitcoin will be the number cryptocurrency in future due to its verse medium of awareness to every citizen and every country. So many individuals are more relaxed and comfortable with the use of bitcoin wallets such as the bitcoin wallet hardware, the paper bitcoin wallet, the online electronic bitcoin wallet etc. All of these are easy mediums which have made a lot of individuals adapt to a user-friendly means of money transfer and also a safer and easier means of savings. For me, I now make use of my bitcoin wallet for savings which is far better than saving money through the bank. Already, we have limitations to saving or transferring a huge amount of money in the bank or from a bank to another. But with the online or offline services bitcoin has offered to the world, I believe bitcoin would be the number one cryptocurrency and would remain the number one cryptocurrency for as long as electronic currencies would be in existence. My major points are these: the use of the bitcoin wallet hardware is extremely safe and easy to carry about without anyone knowing to have knowledge of the amount of money being stored or without anyone having access to your funds stored in the BTC wallet hardware. There are a lot of points to be made, but I'll conclude with the international means of money transfer which bitcoin has offered to us. This makes life easier and more reliable when money is being transferred internationally within a maximum duration of 30 minutes, of which a bitcoin transaction is being confirmed. With these few points of mine, I wish to make it known to everyone that bitcoin is and will be the number one cryptocurrency now and in the future. Thanks, everyone.

netyke

I oppose the saying that, "Bitcoin will not be no 1. Cryptocurrency in the future" because of the following reason.
Bitcoin is not just the giant of all cryptocurrencies but also the controller and Carrier of other altcoins. New and naive investors can confidently invest in Bitcoin but not in altcoins due to large adoption, news and the help of social media and internet on Bitcoin. The media hardly talk of other coins, and many altcoins have their roots to Bitcoin. Bitcoin growth affects altcoins positively as water to dry ground. Thank you

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Comments (33)
Guest
ugospecial
7 years ago
Bitcoin as a cryptocurrency may have to satisfy widely divergent criteria. It would need to be mathematically complex (to avoid fraud and hacker attacks) but easy for consumers to understand; decentralized but with adequate consumer safeguards and protection; and preserve user anonymity without being a conduit for tax evasion, money laundering and other nefarious activities. Since these are formidable criteria to satisfy; and as long as Bitcoin is working to put all this in place, then i still see bitcoin standing strong as no.1 above all other cryptocurrency in the future.
pemba93
7 years ago
Looking at how the economy of many countries in Africa, is it possible for African countries to be at same level with European countries in trading on bitcoins crypto currency in future?
deep2385
7 years ago
No Bitcoin will always be no1 crypto currency....because the price difference between Bitcoin and other crypto currency is very huge and bitcoins r limited...That's the beauty of Bitcoin....
dongamore
7 years ago
Bitcoin will be, because bitcoin as been for decades, it has never failed us, is the father of all the other cryptocurrency the standard will be maintain and no other can overtake BTC to my own point of few is the most populous of all making others want to know more, if bitcoin should loose the number1 stance im getting to be afraid cryptocurrency are not reliable and unsave again because all this crypto whatever started from bitcoin as I know
visiblemoney
7 years ago
I move against bitcoin being no.1 cryptocurrency in the future because the waves of central banks of digital currencies operations undergoing massive development in many nations shall see to the drastic reduction in the use of bitcoin in favour of national coins which will possess better regulations and economic benefits for the countries inventing them. The last straw that shall break the camel's back is the billion coin (TBC) which is expected by its global fans to be launched soon at exorbitant value of 1 billion euro per coin after exhausting its distribution phase. Based on these facts, bitcoin is in danger of relegation from no.1 order of digital relevance.
kennwood
7 years ago
NO, it will not always be no.1 as the whole crypto is volutarity,,so we can see many great project with same vison of btc,like BTCT,APL and soo on,the only thing keep BTC on top is because it was the frst crypto to be adopted,so we can see other project on top of BTC in comming years
jkaka56
7 years ago
True, especially Rainbow Currency that has created opportunities to members by adopting real estate, buying cars, traveling and online shopping through smart contracts around the world. You can now own a real estate at the comfort of your house from around the world. It is recognized by the UN, UIA and the EU - see rainbowcurrency.com/1000011945
atdeejay12
7 years ago
Bitcoin will strive to become number 1 CryptoCurrency in the future but will eventually not be number 1 crypto. The current trend see to it that many big companies and parastals are creating a new position on crypto such is facebook and even government of china as the news have it. The World power will seek all means to look for a way to effectively control Bitcoin and looking deeply this seems impossible only slim chances of possibility which in its case will never be 100%. At this junction the World government would rather have a new form of digital currency which will compete with bitcoin and of course will superior to bitcoin overnight since it has the support of the world government. From my own point of view, the world government will grow wings which will create room for bitcoin to go deep and never be number 1 CryptoCurrency
exodusab
7 years ago
Bitcoin shall continue to be no.1 cryptocurrency because the past Halving experiences in the retrospect depict that its price was always jacked up. Even with its entire capitalized distribution at 21 Million BTC which is near its reach at over 18 Million BTC achieved until now, I think when it reaches the peak of creation there shall be scarcity for price to skyrocket. Miners shall not create anymore and the world would continue to depend on exiting distribution consequently, price shall not go down but rather increase abnormally in value.
farukhubaid
7 years ago
Please help not bitcoins sell
lilianchiamaka
7 years ago
The effect of BTC..
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