Bitcoin Forum

I have been thinking about this and thought to put it here what's on my mind.
Just think that if some other altcoin has the potential to take place of bitcoins, like people are talking about Monero to take its place because of its privacy and security, what would happen to bitcoins? Is there any altcoin currently which can do this? And if yes, what would be the effect on bitcoins?

In my opinion for today there  are not coins for bitcoin's alternative because developer of coins are not too serious building their coins and they needs much capital, innovation and large comunity. I am doubt if It will be happening for today.

A lot of people is wanna trading xmr and then finally they're will come back into bitcoin again. and caused by their priced is so high I can't say or defined that is will become a strong reason for money will replacing bitcoin, like ETH you can see a lot of people is saying same with the statement in this time and finally they all get a wrong.

I think it is impossible bitcoin defeated you try to see now bitcoin prices are very stable in all countries like people are talking about Monero
will be more than the price of bitcoin impossible for me,When that happens bitcoin has no price and I am sure everything will be messed up if the position of bitcoin down.

well replacing bitcoin for an altcoin is impossible. all altcoins are being used for trading with other currencies. but bitcoin is being used for a lot of things. like shopping. buying things. paying for jobs and works. etc etc a lot more. but altcoins have not that usage in the market.



Well if we talk about the price then let me tell you that it happened already. there was an altcoin named Xaurum(which backed by gold) few weeks ago when I checked the prcie thats value was 1.2BTC each Xaur.. but it didn't even effect bitcoin and its usage anyway. and will not in future.. (BTW xaurum owner's started another project and old xaurum is not visible for me, may be the changed the Old Xaur's Ticker, but I can't see this in C-cex)

I would have effect on bitcoin, but its impossible. Bitcoin is backed by strongest computing power in the world. U can't beat that, new currency would need to have huge advantages which bitcoin cannot adopt.

So its impossible.

I cannot think of any alternative crytocurrency to bitcoin as of now.  Bitcoin is the first and the most sought after digital currency in the market today.  Even the trading of other digital currencies were based on the price of bitcoin.  I just think that if ever bitcoin will be dead then so the other cryptos because bitcoin is its foundation.

While there is a chance that an altcoin could take bitcoin's place, that chance is very small in the near future.

Yes, bitcoin has some possible problems: block times are big (would you use Mastercard if you'd have to wait 20 minutes to confirm your payment?), past flood tests shown that the network cannot handle well a huge spike in the number of the transactions (one reason being the pools that sometimes don't include as many transactions as they should, another reason the block size).
Bitcoin is, unlike people thought at first, not fully anonymous.

I know for sure (99%) that Dogecoin has much better block times.
I know for sure (99%) that Monero and other coins are anonymous.
These are things that give them an edge.


But neither of them have the strong network Bitcoin has. Dogecoin even experienced the fear of 51% attack; luckily it didn't happen.
There's no altcoin with the strength Bitcoin has. And while this holds true, there's no alternative to bitcoin.

Right now no digital currency has the potential to overcome bitcoin and take its place. As described by few users monero, dogecoin and all will be a competitor for bitcoin but replacing won't happen as the user profile of bitcoin is quite increasing than any other currencies compared to other digital currencies with the rising potential.

We share the same opinion.
The infra structure that has grown in the bitcoin system will not be achieved by any other coin.
It is bitcoins greatest strength.
There is simply no need to have a paralell payment system, so nobody will put up that much effort to install it.
All those altcoins out there are just something for traders.
And compared to the large amount of normal bitcoin users, the traders just make a small group.

It's impossible for any altcoin to replace Bitcoin , at least not the for moment. Bitcoin is still being developed and there is more to come so It's too early to say that another coin is better just because of what you mentioned.
Only coins I see around the web are Litecoin , Dogecoin , Dash (none of them are comparable with Bitcoin of course) so anything else isn't considered as a valid alternative as they are not used in shops or anywhere , they are just being traded , people wants to become rich while It's not the real purpose of using a cryptocurrency.

Monero is only added to one darknet site that will end up going down and killing monero anyway. Just your everyday pump to the moon before the exit scam that will happen and leave happy bagholders. I don't really look far into any coin taking over Bitcoin, because I don't believe it lol

I tend to disagree.
While altcoins cannot replace Bitcoin, some have they use in the real world and can coexist very good with Bitcoin.
It's a tiny niche which will never really threaten Bitcoin, but it's there.

In the case you said, Monero is fit for that job and I think that it has its future in that; it's the niche for Monero.
It will kill Monero? Maybe, but I don't see how. Maybe governments will ban it, but I don't see how and why, it's a rather small market.

I think it wouldn't be that easy for an altcoin to replace bitcoin altogether. Bitcoin will stay as the primary crypto currency there is around for as long as there's support and transactions happening on a daily basis. We have seen altcoins come and go, while bitcoin remain strong and looks great because of strong fundamentals.

I don't think so for now that there is an altcoin  that can take place of bitcoin. Bitcoin is getting popular by the day and it has so many uses like you can already buy something with it compared to altcoin that has little value for now and cannot be an alternative payment for fiat because no one is accepting it yet. Maybe when that time comes that an altcoin will take place bitcoin then bitcoin may still be use because its already popular and that altcoin will be use by people also and they will both exist. Bitcoin will not disappear in the market but instead there would be some kind of competition for the two coins.

I think nothing out of the ordinary will happen. If some coin does make it to the top (which is still a big if), Bitcoin will lose its grasp on the cryptocoins market it now has and will become just one of many other altcoins that have been floating around for some time now...

Lites, doges have been there (here) for years already

The best argument I heard in the past was, that when certain altcoin gains a lot of popularity because of its unique, superior features, then you could just implement such features in Bitcoin.

But after seeing Bitcoin devs not being able to agree on something as trivial as blocksize increase, many no longer see the above argument as viable option.

The same will happen to these altcoins if they reach the status and market use that bitcoin has managed to acquire.

When the coins have small market caps and little users, the only transactions being back and forth to exchanges, ofcourse it is easy to implement new features. But if these coins reach multi billion dollar market caps, coins being used for all kinds of different things, this changes also for them. More people will be involved with more different opinions, fear of fuck ups like the ethereum chain split after hardfork, etc.

Bitcoin may have gotten very slow and stale, but atleast it is stable and working for now (transactions are becoming a problem though, it is getting slower and more expensive to send stuff through).

if your looking for bitcoin alternative with the same price as bitcoin but there no other altcoin that have this price but there is a potential altcoin that might reach this price try to look altcoin that doesnt have on trading

The main issue with such approach is that it may turn out that when the moment arrives (to copy some unique and superior features from a certain coin), the ship has already sailed and it might be too late to change anything. The history is full of stories when now defunct businesses failed to adapt in due time and got competed out of existence by more agile companies...

Could the same thing happen to Bitcoin? I think it is quite possible

Bitcoin is the best cryptocurrency at the moment and I don't see any altcoin that is better nowadays. But the alternatives to bitcoin are litecoin and dogecoin that can be a secondary option.

yes there is always a possibilities that bitcoin is going to be replace by other alt coin, but for now its difficult to beat bitcoin, bitcoin is more famous nad being used more than any other crypto currency, so its going to need time and a lot of effort to promote other coin to beat down bitcoin

so many alternate coin out there having so much feature than bitcoin and to be honest i do say that the features is quite helpful but still can't compete with the bitcoin if it's about the popularity,it's not about better or what else,it's about which one gets first attention
and for secondary option of cryptocurrency i would prefer litecoin which having quite stable price

a natural thing monero supporters say it as it may also ethreum supporters would say the same thing but the fact altcoin will never be able to take position of bitcoin.

People here ask the same question over and over again.

What if some altcoin becomes more popular that bitcoin?

I would say "great".It`s a market economy,it`s a honest competition.If some altcoin beats bitcoin,it

probably will have more and better advantages than bitcoin,which is better for us.

yes,those altcoin supporters always repeating the same thing and the result is another BS,bitcoin is really hard to be replaced by another coins

Bitcoin is really hard to get replaced by any alternative coin as because all altcoins are compared and priced on the basis of bitcoin, you can see on all exchanges that the altcoin are sold for bitcoins and not for any fiat currency like bitcoin. So it is clear that bitcoins is the main coin to whom all altcoin are circulating.

i agree but now the two of coins is really down and needed to support so the coin will be raise like other coins. and actually, there are no bitcoin alternative. and this is why bitcoin is more famous, because until now, not much coins that give easy way to exchange into fiat like bitcoins.

Your analysis is 100% correct. Bitcoin is the base currency for all altcoins, their value is measured in BTC. In addition, Bitcoin is the only cryptocurrency that has significant real world usage. Compared to Bitcoin, purchasing goods and services with alternative crypto's is much harder and in most cases impossible. Their acceptance is almost zero.

The developer community behind all those altcoins is much smaller than behind Bitcoin. Even if some of the altcoins have some innovations, that doesn't necessarily mean that they can compete with Bitcoin. Bitcoin has by far the largest network effect, therefore it is much more likely that certain useful features of altcoins will be integrated into Bitcoin (making the original altcoin obsolete), rather than that altcoins will replace Bitcoin.

To replace Bitcoin, a much more innovative idea is needed that goes far beyond than improving some features of the cryptocurrency design.

ya.ya.yo!

we can't compare anything with bitcoins Because its first and best digital coin and price is also too high when compare with any altcoins and doge is next emerging coin but price is low when you compare with bitcoin.

Wont be that easy. How do you think you will work out with the users trust in just an instant. It takes time to build some people that will get hooked with it. Looked what happens to different altcoins. Created then just lost without anyone supporting it will be a problem.

It is indeed true, that altcoin is now already have good growth can take over the place of the King of altcoin held by bitcoin. But I see that this will not happen in the present or the future. Because altcoin and has the distinction of the bitcoin is very striking, namely price. I see that altcoin is dependent on the price of the bitcoin. so it would never undermine the position of the bitcoin

I think there's no altcoin that has the potential to exceed Bitcoin's potential. All and each altcoin out there base its price with Bitcoin. If bitcoin price goes down, all those altcoin goes down as well in USD value. The moving market, the inability to revert payments, and of course the anonymity privilege that we get from Bitcoin is really something.

The reverting of payment and the anonymity privilege may able be done by any altcoin as well but the market of Bitcoin is just very different from altcoins. An altcoin usually dies usually after the dev decides to get the solicited money and just go away or if people just lose interest on that specific altcoin. Both of these is very highly unlikely to happen with Bitcoin.

Etherum is one altcoin that has good potential but I don't think it can replace Bitcoin. New altcoins are emerging all the time, probably with the purpose to be competitive with Bitcoin maybe even to take its place but so far I don't see how this can happen. Bitcoin is still one of the kind.

There are many coin alternative but can't replace the position of bitcoin, it has strong base and good price, as we can see it keep increasing every year and has many user worldwide.

There is no any security bug with bitcoin also and bitcoin is completely anonymous not easy to track. So i don't think we need any bitcoin alternative as almost all coins are just clone of bitcoin.

of course it is the best and i doubt that it might be replaced in the near future, i hope that it is going to grow only and never fall, that would be awesome

I agree in fact there is much more better altcoin  than monero or ethereum, those post about these coin being the bitcoin alternative or even surpass bitcoin is just a baseless hype,  They  should first define the things bitcoin has and compare  it to them especially user base and coin usage.  Technology can easily be copied but user base and usage  or mass adoption is surely hard to duplicate.

While Monero will be the In-thing for a while, it will only be a short term hype, until the scammers are caught and the sites using it on the Darkweb are

exposed. Then people will run back to Bitcoin in their droves. Bitcoin are always the rock to hold on, when things run out of control in the Alt coin scene. We

saw that happening with ETH and many of the other Alt coins that were hyped and dumped.  ::)

yes, bitcoin has proven itself and there is a whole ecosystem build around it. and as long as no other coin can match this, bitcoin is the way to good. and believe me that is not easy to generate such an big and strong network like bitcoin.

The community is a huge thing that keeps Bitcoin in the top spot and keeps it valuable, one of the biggest issues more alts run into are getting a community behind them before the coin is overtaken by speculators who will pump and dump it and screw it over before it can be used for whatever its intended purpose was. Having a network and having the number of people Bitcoin does basically ensures it will be in the #1 position for a while yet.

The network effect of bitcoin is to big now to be over taken.  Most people still dont know about bitcoin never mind Monero,  yes it might be heard off in the crypto community but to the average joe it is nothing

but here i see a possible problem for bitcoin. more specific that most people do not know about bitcoin yet. so if some altcoin could come up with a special feature or a big marketing campaign, then bitcoin might get some real competition.

most of the coins that claim this will soon die because it is mostly hype. you can see what has happened to ethereum with all its bugs and hacks. and in case of monero although it has some nice features for privacy but it always had these features and it doesn't look like they changed anything about its fate all this time, and only it began rising when a small news and then bigger hype started spreading.

i would think about this question only if there is a valid competition for bitcoin and there is none yet!

It is still the same. Trying to recreate bitcoin is really hard for them. So they thought of something which could look like it but holes are always there. A lot of alts came and some are already lost. There is still one that is left standing even when it fell. It is bitcoin.