Bitcoin Forum

Will bitcoin still be the preferred cryptocurrency after 10 years or will something better take over?

if you're expecting to get a sure answer to this you're going to be disappointed. no one knows what will happen in 10 years.
my speculation: yes, bitcoin will still be the most used cryptocurrency.

I say yes.  Ten years seems like a long time but bitcoin is already 7 years old and it's dominant by a wide margin.   If crypto is still around in 10 years then I'm pretty sure it'll still be dominant.

I believe that BTCitcoin will still be King then! :)

in witch year, your P2P file sharing NETWORK have been build ?

1) in 2010
2) in 2004
3) before 2001

http://imagizer.imageshack.us/a/img907/7948/yYMQu8.jpg






and after, this ... think that file sharing network pay NOTHING and don't use chain to store indefinitly the units.

http://imagizer.imageshack.us/a/img903/5932/Suzhvq.jpg




think again.
insert coin.

Bitcoin will continue to be the most dominant cryptocurrency. No other coins have the market adoption. No other coins have the mindshare of the general population. No other coins have the public utility. Bitcoin is the standard bearer, all other coins are copies.

With the number of shit coins that came out after all these years, nope it would take some darn good devs to actually even come up with one more innovative than Bitcoin, than again if that happens, it will take years for mass adoption, by then Bitcoin would already be prevalent everywhere

it is too hard to predict the bitcoin state in 10 years, because by that time there might be even better technology that can easily replace bitcoin. but it is also possible that bitcoin become one of the best and most used cryptocurrencies by then.

I think bitcoin will still be the preferred cryptocurrency even after ten years. Is it possible something better than bitcoin will be created? Sure, it's possible. But it has got to be something profoundly better than bitcoin in most ways. And if that better than bitcoin cryptocurrency does come, it will have to weather the test of time just like bitcoin has done and continues to do.

I think so. There's just so much to lose if bitcoin would be takeover by some other coin. The fact that merchants aren't even accepting other coin that claims to be better than btc and until they kept accepting btc, it will still be the top coin to be used. This forum will be the first to fade when bitcoin starts to be ignored.

Of course, bitcoin will be the most preferred cryptocurrency even after 10 years, as bitcoin is widely getting accepted by more merchants and it getting more adoption now a days.

The question isn't even clear, so it is pretty hard to give an answer.  After 10 years of being made, would only be a couple of years, so most probably Bitcoin will stay no 1.

In 10 years time, i.e. 2026, I would expect that a more transactional crypto will be number 1.  Bitcoin is too slow and limited on number of transactions to be used for everyday small transactions, so I expect a better Crypto to take over.  I expect that that crypto hasn't been made yet.

No one can give you a right answer, because no one know after 10 years what will do with bitcoin.
But in my view,may be bitcoin will still be the most used Cryptocurrency.

i do expect that Bitcoin will be the best cyptocurrency and more popular after 10 years but actually nobody know what happen to bitcoin in those years because nobody else too can predict what happen to bitcoin in the future

Bitcoin has many years on all other coins, litecoin and namecoin were the 2nd ones behind if i remember right.  The longer time goes by the more its looking like bitcoin will be used as the store of value crypto and others might provide services for it.

By then bitcoin might be the preferred to handle the largest transactions between global corporations, governments and banks etc. 1 bitcoin might have a huge value by then. But I don't think it won't be preferred for buying a coffee in starbucks. It is not really suited to small transactions.

Or not! Who the heck really knows ?  ;D

no one can answer that, but if bitcoin gets developed further and more parties are interested to give bitcoin a huge boost by getting it listed in professional (stock like) exchanges for example, then bitcoin will continue to grow and that will make sure bitcoin is still leading after a decade.

It is hard to predict 10 years ahead.

However this year - 2016 - is a big year for BTC. We don't know if it will survive the halvening let alone whether it survives the civil war that is going on in bitcoin space.

I think it is significant that both Gemini and BTC-E have announced that they are offering ETHer trading - it seems to me that they're trying to hedge their bets just in case bitcoin doesn't make it.

I would say yes. Unless there won't be any planned offensive vs bitcoin created by the governments. Today I read that government wants to introduce new anti TOR law.
Anyone who is using TOR to access the internet could be prosecuted for doing so. And I think hunting people who use TOR is just beginning of a witch hunt -  and bitcoin could be next.

I believe so yes but I'm bias as a bitcoin investor. I don't see any other cryptocurrency gaining the user base to surpass bitcoin.

Yes, i dont going to underestimate the power of open-source, decentralised p2p ledger.

well.. no one will ever know the next 10 years. but bitcoin it is the first cryptocurrency, so I hope bitcoin will always dominate other cryptocurrency. and also the people have put a lot of confidence in the bitcoin, compared to other cryptocurrency.

the first one to do something is not always the one who succeeds, in fact it often is not.

with bitcoin it might be different, but there's no way of knowing

if we already knew what would be the major currency in the next 10 years, that currency would skyrocket in price immediatly.

obviously no one knows, so it's anyones guess.

There are more supporters with bitcoin so bitcoin will be at first position, and none of the other account will be at first position, so even after 10 years everyone will prefer bitcoin and will use bitcoin for their online shopping etc.

I think all other crypto currencies are much weaker in competition to bitcoin, so bitcoin will be No.1 for more period and I think it will continue to be No.1 for centuries and other currencies will have much lesser time period.

I think we're going to know before then. Anyone who comes out with 'too big to fail' is tripping their tits off. Similarly screaming 'Bitcoin killer' because a few thousand people are trading something they probably know nothing about is equally daffy.

To get beyond exchanges and into the hands of real people is what's going to decide it. Doesn't look like anything has touched the daddy yet.

Most likely. But I can't say with 100% that there won't be another digital currency coming very close to Bitcoin or even surpassing it at some point in the future. Nearly everything in the world gets replaced at some point.

you have to know that it is really hard to predict that in future, it is very hard to predict price after 10 years and so, nobody know that you you won't get correct answer

but personally i think that it probably will be main crypto, and i think because it is most expensive one, and many stores accepts bitcoin only not other coins, so i think it will be preferred

Replaced yes. You can say that about hardware, tools and physical items. But Bitcoin is a code - it can be upgraded, there is not need to ditch it and create something totally different.
All we need is code revision and bitcoin network will be as good as new.

All other cryptocurrencies are the copies of bitcoin and bitcoin is the first and real crypto currencies so all other crypto currencies will be behind the bitcoin for all the life and none of the crypto currency will have potential to lead .

The bitcoin is the no. 1 cryptocurrency. It will still be the no 1 if the community still supports it and develop it.

Something will succeed it by then.

10 yers long time,will i live in ten years,it is possible,for sure blockhain technology will be the same like dot.com is now

I think I understand what you are trying to say.
The boom might be over just as the ill famed dot.com era like in the early 2000's.

If bitcoin doesn't get any competition from any other currency and if its value is at higher level then people will continue to use bitcoin forever.

Heres the way I see it.

Bitcoin used for the preferred currency yes.

Will there be side chains for micro stuff, yes. So I feel like bitcoin will stay as it is, and 1 major alt coin that will service all the side chains if possible for lesser confirmation times.

I think that bitcoin will still be the preferred cc after 10 years.

Actually, as i understand your question, i have a 2 points in my mind,
1. If bitcoin continuously growing up and maintain its status than definitely, everyone use it and work with bitcoin and after 10 years, bitcoin would be gotten more popularity.
Secondly, if you wanna ask bitcoin still remain in a crypto currency or changed into other crypto or fiat currency?
Than my answer is No, because now many other crypto currency has come but still bitcoin has its own place, and also bitcoin has no need to change into fiat currency.   

I believe so, I imagine it to grow to the level where it becomes the kind of gold of the Crypto world and we will have all manner of other alt coins being traded as they are now but more in the mainstream and even featured on the likes of MSNBC and Bloomberg.

There are times when it's better to ask the negative side so we can rephrase this to: "If bitcoin isn't the preferred cryptocurrency, then what is?" ETH? Dash? Zcash? I don't think so. Bitcoin will continuously grow together with all the other altcoins. Cryptocurrencies grow as one. They aren't competing against each other. The increase of popularity in one coin will also increase the popularity of bitcoin. I can't see a reason right now as to why our attention to bitcoin will be replaced by another one.

This is what my opinion too, if we base our prediction on the current happening, there is no doubt that bitcoin will be the preferred cryptocurrency after 10 years, but, there are several factor that will make bitcoin less preferred cryptocurrency.   If bitcoin failed to be mass friendly and new coin that emerged  has functionality way secured and more mass friendly than bitcoin, and was promoted perfectly, then maybe the term most preferred of bitcoin will be tested.  And 10 years is very long year to develop a more sophisticated coins.

There was one coin that surpassed bitcoin lately namely zcash. I did understand how it works lately and indeed is a cool coin having some feature whether to create an anon or non-anon coin. It would have been the best coin if it weren't for bitcoin's adoption. Sooner though with the arise of the platforms, they might just take over.

Altcoins are mostly a mess. In terms of life expectancy, bitcoin has no competition at all. No one is going to willingly put their money into a cryptocurrency that has no realistic expectations to live in the long term, and bitcoin is the only crypto that has that trait: long term trust. So no, it will not get replaced by any other crypto as the king of crypto, it will reign supreme and it will be worth hundred thousands of inflation adjusted dollars.

I'm not so sure about that. Ten years is a long time, and who knows what the technical evolution will bring us.
Imagine a crypto currency backed up by a major company. Let's say apple would decide to make the step into crypto.
With their capital, their community and their advertising skills, they could easily create an altcoin the world has not seen yet.

Not only is the whole altcoin section a mess, but it's also a fact that barely anyone takes altcoins serious. Altcoins only serve as a speculative tool for people with a get rich quick mentality. When it comes to their gimmick features, it's great to name them up as an advantage to get people interested in that specific coin, but they don't get any real world usage. It's there just to boost the price, and that's it.

Everything leads me to believe yes. Bitcoin didn't reach to the top yet, the glory will come yet. It's the main crypto currency, but compared to all other main world currencies, btc is nothing yet. No one altcoin can take the place of bitcoin for the next several years, and I would risk say, decades.
Bitcoin is the most structured virtual currency, the favorite one!

Yes that is a fact that bitcoin will still be the most popular currency of the world and at that time I think as most people will be entering in the world of bitcoin there bitcoin will be more reliable and preferred currency of the world, and it will continue its number one crypto currency status at that time also.

Bitcoin will continue to be the leader as well the preferred digital currency of all time, because based on bitcoin several other coins came into existence, only few were successful. At least by now some coin could have grown defeating bitcoin, so the competence increases generating demand among public.

as we can see that the number of internet users is increasing  from time to time and specially the new generation is mostly giving preference to online business so the importance of bitcoin is also increasing from day to day, therefore we can expect that in future the need of bitcoin will be too much as compare the present time.

After 10 years, there is no definitive answer. I agree bitcoin is better cryptocurrency than any other, it the first one, already going through 7 years with obstacles and problems meanwhile another coins created too and none of them until now could equalling even a half of bitcoin.

And this altcoin will be no different that current systems we already have. Think of it like advanced version virtual premium token you can find in games - like gold, crystals, gems.
Apple is fond of their extremely closed architecture - their coin would be hosted privately and backed by their own private blockchain. Do you think it would be secure option?

Although, no one knows what the future holds, but we are still at liberty to predict what it will look like which could be correct or could not be. But based on the facts available, I dont think anyone will think otherwise that Bitcoin has come to stay not only because its only the most popular but I am looking at the interest it has generated from outside the community and discussions going on then one would not think anywhere far to arrive at that position.

Looks like Bitcoin is light years ahead of competition (if there is one which I strongly doubt). None of the altcoins stood up to the test of time obviously. Bitcoin was, is and will be unique and one of a kind. At the moment there are no preconditions for any quality developments in the crypto domain that could lead to any product that could eventually become a match to bitcoin. Not judging by the look  things look right now.

Yes. You can pass the test of code but you can never pass the test of time easily. Most altcoins are pump and dump schemes and are set up only to benefit the founder and the early investors who invested in the ICO. You, as the user is the victim.

Altcoins are investments while bitcoin is a genuine alternative currency.

Bitcoin's pretty much established already, it'll take a major security flaw to take it down.

I agree on this.  Bitcoin had been evolving and will always evolve according to the need of situation.  There maybe hiccups but bitcoin will overcome them.  There will some contender that will challenge bitcoin but bitcoin being established and tested will always prevail.  By that time in my opinion bitcoin had established its use and widely accepted in different country.

I think altcoins are the one existing contenser of bitcoin nut theres no one among them step up and de fame the bitcoins since as you said bitcoins is establish and people will surely settled using that since we can make sure that we are on the safe e currency who's gonna lift up our money for staking and i will not surprise bitcoin will truly became as stronger e currency existing in the future, all we need to is to keep our faith tight for it.

Of course it will. All the altcoins are some fancy toys that can serve some purpose, that's true, but none has the importance Bitcoin has.

it is obvious that the current existing altcoins are mostly for pump and dump reasons and there is so little interest in any of them but you can't say nothing new will come along in 10 years changing the way we think about cryptocurreneis just the same way there there were no bitcoin 10 years ago.

Exactly, we can't remove the chance that another type of crypto or digital currency will just come out that can make bitcoins out of the league.

But if I will just look at what is happening today, I can just say that bitcoin will still be the most preferred crypto currency after 10 years.

Because the adoption of it is already on the go and there are numbers of merchants and stores who are already adopting it.

I think it will still be. It is just developing and accepted now by many. Its users numbers were increasing and its open new transactions so i think it will develop more now and will learned new discoveries . In 10 yrs it will be popular all over the world than it is now

I feel bitcoin will last for a lifetime. Even if there are serious flaws, if the developers can fix it before it is exploited by anyone, it will be all fine. No need to worry about quantum computer as the algorithm can be updated to quantum resistant algorithms. Bitcoin is here  to stay and thrive. Believe that!

Of course it is, not just after 10 years even in future imo. No one can overtake the fame that btc has right now. Why would they trust into an altcoin if there is a better option and that is btc. Atleast in btc they know that it will live long unlike in altcoin theres no assurance.

It's yes for me bitcoin is in long term now if and i think bitcoin will be more famous and people are going to choose this currency to trade or to earn money this is better and the most good currency where to earn money and i preferred to use this till the next generation we can also use this in the future.

I believe bitcoin still preferred the next 10 years, even 100 years from now if bitcoin still survive  ;D.
well, pretty easy to get a bitcoin, but those who are weak will the technology have not been aware of it. but, I'm sure someday they will realize the potential of bitcoin that currently exist, and it will make them compete to seek bitcoin bitcoin to become more popular than it is today, and it probably will last up to 10 or 100 years down the road

Even for 100 years ? I am not ready to go that far. But with records of last ~7 years we may able to project for next 10 years and may conclude the adaptation rate and how sure bitcoin will stay as preferred cryptocurrency. I too believe there will not be any drastic changes that may change people's preferences.

Btc is the gold standard, the alts are going to get rekt ....
http://www.zerohedge.com/news/2016-11-26/china-unveils-new-capital-controls-freezing-ma-frenzy

For now, bitcoin is the preferred crypto for the next 10 years but things in crypto change very quickly in a blink of an eye. It will not be surprising to see a competitor challenging bitcoin for its position in the next decade. At the moment, I see that there are no threats to bitcoin position.

bitcoin is a pioneer of cryptocurrency, so there will always be a priority and the major options at any time, although at one point found security gaps, I'm sure bitcoin still not replaceable with altcoins.

10 years from now is a very distant future in the world of technologies so it's hard to tell. I hope that after 20 years people will stil use it and that it will remain so strong or even stronger. But if something changes for Bitcoin for worse, it will stil remain the first cryptocurrency and we have to remember this.

Aside from that the base users of bitcoin keep on increasing each day, there are also lots of developer supporting and testing developments for  bitcoins, and it is the most active in development among cryptocurrency.  And I believe that whatever has made today will have a great impact tomorrow.  So as long as this two are kept by bitcoin then no altcoins will ever replace it.

+1

Let's ask your question from another angle. What will be the preferred cryptocurrency after 10 years? If you have an answer that says it will be another cryptocurrency, please explain why. I'm sure the reason will usually be funny if it's an altcoin.

Exactly the developments that bitcoin have now is getting more interesting and exciting. Everynow and then there are new games/investment sites or apps that been developed that adapts using bitcoin. It is really fascinating dreaming what else bitcoin can offer more now that it is being use of more users now.

10 years from now is a long time. The dominant cryptocurrency in 10 years might not even exist now.
A couple of years ago, nobody would have thought that Ethereum would grow and command a market capitalization of 10% of Bitcoin.

I don't think any costlier cypto currency will come in future I r bitcoin price and potential. If that kind crypto coin comes we can bitcoin in a second place else bitcoin will only rule the world.

To predict the next 10 years I can not do. It will adjust situation bitcoin in the years coming. We do not know whether bitcoin will keep growing or otherwise. In addition there are many crypto that can shift bitcoin as a favorite. If the bitcoin coming can not compete and evolve will surely be replaced. But until now I personally believe that bitcoin will be able to grow and remains a favorite crypto.

That is right. Some coin can replace the bitcoin as a favourite one. But the bitcoin has to adapt to the new environment.

Yes for sure but coming days bitcoin may face lot of problems due to it's price increasing because the value of bitcoin is keep increasing may be governments will take charge of it and it will ruin the world for many many years. Once it adopted by many banks than it will get more demand and their will be much increase in the price.

Most likely it will not be, technology moves forward so fast and new people will adapt crypto.
From the current coins I think it is Monero that will survive and gain a significiant market capitalization. Monero may not reach the market cap of bitcoin but I think from the current levels it has significiant growth potential and yes even there is a chance it will go beyond. Will Monero be the best coin from now to eternity...? Most likely not, but among the current ones it will be definetely a good choice for some time at least (be it 3 years or 8 years or...)

My reply would be "who knows?!"
Bitcoin has all tends to stay preferred crypto currency in ten years. Generally crypto currencies are developing very fast, every few months there is some changing and who knows what will be in ten years - mass adoption or bitcoin will fail?

without problem and crach, bitcoin still number one in cryptocurency and never raplace and take over altcoin
you can see all altcoin still follow and need bitcoin
all altcoin dev need bitcoin to transaction,

ofcourse yes because the first one will never be beat by other. because we all know bitcoin was the first crypto currency and right now its now being used across the world . and bitcoin is so powerful thats why im thinking that it will be still preferred cryptocurrency after 10 years. there will be more investors on bitcoin in that years so bitcoin cannot be replaced by other future crypto currency.

Even after 10 or more years, bitcoin will continue to be the best crytocurrency of all time. The reason on which I believe is its enormous growth that took place in a very small time period of about 8years time. Very few other than bitcoin has a rising potential. Future can't be predicted exactly but based on bitcoin's acceptance its confirms that no other currency will take the place of bitcoin.

XMR key selling points will also be its limitations imo
for sure ,it would make a great coin for dark markets ,tax evaders and under the table deals
(these are precisely the reason i invested in it )

i dont think it will be traded on the nasdaq and wall st though ,areas where bitcoin is already pushing into
as i think governments will consider it a criminals coin..........and some of the hate will shift from btc to xmr

i think bitcoin could still be preferred crypto currency because bitcoin was the first crypto currency and more powerful than other that's why im thinking bitcoin could be our first digital currency that we can use in everyday life. that's why this time was the best time to save all your bitcoins because there's a lot of good opportunity on bitcoin in future.

I strongly agree with it, bitcoin might not be replaced by another cryptocurrency. cryptocurrency bitcoin is a reference in the world. and in fact until now no that can't be rival of the bitcoin

i think if the creator of bitcoin improve its system and add more usable feature ithink bitcoin will still be the preferred cryptocurrency because bitcoin is the pioneer of all cryptocurrency so it will be the primary crypto currency to be used even after 10 years. im planning to create my own gambling sites if i can make save all my bitcoins and my friends also will help me to build my own gambling sites they will be my stock holders and part of my company too.

I don't know. Technologies are developing so fast and every year it appear something new in this area. Who knows what will be with bitcoin. I think it will transform in something.

That is, if bitcoin will still exist after 10 years.  :)

i have no doubts it will still exist in fact its value will be a lot along with the rest that also exist these days.
if OP will still be here after 10 years, he will not realize it that 10 actually pass and the least that is expect did happen.

We can't so sure about bitcoin in 10 years later, it's a long way to go and there is no certain answer about that which we could only speculate and predict it. According to the bitcoin track record and cryptocurrency world nowadays, bitcoin still lead the market and become major digital currency. All of those coins created because of bitcoin has invented and be the preferred of new coin, but none could equal compare to bitcoin, I think bitcoin still be the preferred in 10 years later.

the existence of bitcoin is a sure thing, you can't make it disappear. even if everyone stops mining, trading and generally using bitcoin the code is still going to exist on the internet and blockchain in a museum at least by some collector :)

Bitcoin had created that way, supported by blockchain technology.
In 10 years, bitcoin will still there, on the network and keep growing and getting bigger market cap.
People will realize how bitcoin could beneficial for them to storing their wealth instead of fiat money.
As the founder said, in 20 years there will either be very large transaction volume or no volume.

I think the second variant has place to be. Bitcoin is technology and as we all see technologies are developing fast this days and day by day the speed of development are getting higher. It's hard to predict now what is going to be with bitcoin.

But another good coin could be used more than the bitcoin.

bitcoin will still be the king  but  whole bitcoins maybe insanely valuable and  similar
to  the way we think of gold bars in a vault  today

 i predict we will use lightening or  L2 technology for  daily transactions
as it will accomodate unlimited users and confirm instantly

also people will transact in Mbits or even satoshis as whole coins will be used to purchase
cars and property etc ......

L2 could be used. But that is many years away. And some people do not trust the LN operators and it is centralised.

Well, today Bitcoin is getting 8 years old. Happy birthday!

So my answer is: Very probably yes. 10 years from the start by Satoshi would be 2019, that's less time from now than the November 2013 bubble.

Serious competitors could emerge in these last years of the 2010s, but they need to grow organically and build up the network and community Bitcoin already has. That takes time. But there are probably improvements like a less energy consuming algorithm (probably not the current incarnations of PoS) that could be a serious challenge for Bitcoin's supremacy in the cryptocurrency world at some point in the future.

Bitcoin is spreading over the world now. And it appear many new crypto currencies with the idea to repeat the success of bitcoin. I doubt that any of them will be able to do that. So bitcoin is going be still prefered crypto currency in 10 years by my opinion.

The price is also rising. So more people will use it.

Bitcoin has a huge head start and it has the recognition of the people, even if adoption is very low at least bitcoin is by far the most known of all the cryptocurrencies, but it seems we are trapped in some kind of conflict and the development has stalled if this does not change then another crypto with a more intense development could surpass bitcoin.

The bitcoin is still quite young. It will rise in the future.