Bitcoin phased out

[equator]

What if someone creates a better digital currency? Will bitcoin be phased out? And how likely  is it for that to happen?

Their are chances of taking over Bitcoin but for that the coin should be not controlled by the developers and it should be more innovative and with more technically tested. But even then if it got existed it will take more time to get recognize as you can see Bitcoin also took so many years to get success. other coins like ETH and all started good and even they got recognized so much but still as it is controlled by the developers it did not got that much value that it can replace BTC.

[Lenzie]

that possibility may exist. but I think for now it is very difficult, because however bitcoin is the first digital currency available so it is difficult to remove bitcoin from circulation.

I agree. If a cryptocurrency better than bitcoin is created it will take time for them to remove BTC from it's place right now. BTC pioneer all the coins and most of them are used in trading in a BTC/coinX way. Most country are legalizing the use of bitcoin plus it takes time to finished the whole roadmap of a token/cryptocurrency.

[Vikingr]

that could happen but i don't think it will be anytime soon unless a major hack or something. however i do believe it could possibly lose dominance in the near future.  

This is one of the impossible thing to phase out bitcoin because it is the strongest coin of this era and those who tried to harm it are attracted toward it because of its profit giving nature, and now the bitcoin is name of faith one possibility is there if there is no one in the world bitcoin can be phased out so keep your motives high, invest and enjoy.

[mrayazgul]

Its hard to say but maybe yes it can phased out bitcoins. You can see advertiser are everywhere. If the company hire a good advertiser like google, yahoo  etc anything is possible. Currently anyways bitcoin is the first digital currency and a lot of people are making profit from it , maybe they won't leave bitcoin for the sake of new currency .