Will Bitcoin be replaced by another cryptocurrency?

[Senor.Bla]

Dislodging Bitcoin is a difficult task but not unachievable. There have been a lot of other alt currencies (litecoin, etc) that have been popping up, but don't seem to have what Bitcoin does. I think down the road potentially, it may replaced bitcoin. Although, we must not forget that it’s been just a few years since the bitcoin came into existence and there’s still a long way to go.

Right now we could see a drop in price and this could even continue when governments decide that it is time to move against Bitcoin. A lot of people will tell you how they still would use it, but i think they talk BS, especially if the price drops heavily. If government just take on Bitcoin but not all cryptos, then people will quickly find a new coin.

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[canhchuacaro1]

Bitcoin is the king of digital coins, and it has been around from the time when there was no other currencies like how much there are now we can see in the markets, so they wont be able to even come near bitcoin in terms of price or popularity, they run because of bitcoin but bitcoin does not run because of them.
It cant replace buy the other crypto right now or in the next few years because of its cool aspects and characteristics! But we can say that it is possible soon but now it is impossible!
As of now we can really see that most of the other altcoins doesn't even got the price as half as bitcoin so for now this query is really from realistic.

[RussiaIsBest]

There are really small chanches for that.I am hoping that there will be some kind of crypto coins which will kaboom fast like a bitcoin.

[ASHLIUSZ]

In the my opinion, the Bitcoin will still dominate in a few years. Currently the value of Bitcoin is huge. It is most common to many people, some countries have recognized the currency Bitcoin. However,  in the future, no one predict what, Bitcoin can be replaced by other cryptocurrency, Eth and some other currencies is promising but that is a very long time anymore. The important thing now is Bitcoin still great value

Maybe you right, bitcoin will be the number one of crypto-currency but there are some new altcoin that have really good features and I a'm sure that it's will growing too.

I agree that there are good coins out there and the will rise in price and popularity. What most people seem to ignore or just what they do not see is, that other coins then Bitcoin can do other things and so the coins can coexist, since every coin serves a different purpose.

Several projects with different reasons were getting initiation regularly and growing good in a short, but people are not focusing much towards those. This will change eventually which might make other such coins grow similar to bitcoin. Same as bitcoin getting into such a big growth cannot be expected, because during those days of bitcoin seems unique and grew soon. Now everything seems unique but the competence is very high.

[CoinFoxs]

Obviously bitcoin can't be replaced by other crypto because bitcoin is so much strong.And people has started to believe on bitcoin.Bitcoins high price took it into another level.And bitcoin giving us so many facilities which makes it more stable.When other crypto will give more facilities than bitcoin can be replaced.

Bitcoin is stronger currency and it has their own importance in the market due to their price and demand, people have more trust on bitcoin than other crypto-currencies but replacement of bitcoin is not impossible because price of bitcoin is not stable and fluctuates with time, so may be in future some other crypto will go higher in the market with reference  to price and replace bitcoin or may be bitcoin's price will drop in future as it dropped from 1150$ to 730$ in just few hours.

[hdtqisg]

Maybe, because people need to exchange and history has demonstrated: the exchange of goods, using precious metals, money and digital cash
 

[Harlot]

Maybe, because people need to exchange and history has demonstrated: the exchange of goods, using precious metals, money and digital cash
 

Maybe what you are trying to say is change not exchange? Also history tells us that we change for a development. And the thread specifically ask if Bitcoin will be replace by another cryptocurrency not by other means not related to it. What I know is that even if there are better altcoins out there they will still pick Bitcoin because it is the most widely known among any of them.

[greentea]

I think its very possible given enough time.  

The main challenge I see with BTC is scalability.  as well as feasibility for micro payments like IOTA.

This competing of digital coins is healthy and will continue to create better and more efficient platforms like ETH or NEM.  

This is not to mention the threat of quantum computing on the horizon.

[richardsNY]

Dislodging Bitcoin is a difficult task but not unachievable. There have been a lot of other alt currencies (litecoin, etc) that have been popping up, but don't seem to have what Bitcoin does. I think down the road potentially, it may replaced bitcoin. Although, we must not forget that it’s been just a few years since the bitcoin came into existence and there’s still a long way to go.

The majority of the people are simple users. With simple users I mean that they don't need all kinds of altcoin features that don't see any real world usage. People just want to earn money, spend money, and invest money. Bitcoin serves people very well in that case. Only negative aspect that Bitcoin has right now is that it cost so much in order to send transactions. Especially when the network is getting spammed with transactions as happened just now.

[morgand]

My Opinion is anything can replaces anything someday with a new technology and a better one.
Its looks like the same way with money replace the old way of trading and when no money were created.
The same way money replaced by online payment or cryptocurrency. Bitcoin is the biggest cryptocurrency nowadays, and will be replaced too. Soon or Later.

[dhampir-D]

This is not as simple as it is not just a matter of developing a currency capable of doing something that Bitcoin does not do, it is also a matter of developing a currency with features that are very difficult to implement in Bitcoin. In addition, it is necessary to attract a large community, which is willing to bring knowledge of the importance of your project to other people.

[Grdas130979]

As a store of value no, its like gold. But for everyday transactions most probably yes, by  at least other 5 i believe.

[ophyrim]

Obviously bitcoin can't be replaced by other crypto because bitcoin is so much strong.And people has started to believe on bitcoin.Bitcoins high price took it into another level.And bitcoin giving us so many facilities which makes it more stable.When other crypto will give more facilities than bitcoin can be replaced.

Bitcoin is stronger currency and it has their own importance in the market due to their price and demand, people have more trust on bitcoin than other crypto-currencies but replacement of bitcoin is not impossible because price of bitcoin is not stable and fluctuates with time, so may be in future some other crypto will go higher in the market with reference  to price and replace bitcoin or may be bitcoin's price will drop in future as it dropped from 1150$ to 730$ in just few hours.

Many people aware of what is bitcoin while only few people aware the existence of different cryptocurrencies than bitcoin. Which means bitcoin is very very popular in the crypto world compared to other cryptocurrencies. Popularity is one of the most important think when you want to use cryptocurrencies. A cryptocurrency which will replace bitcoin must be more popular than bitcoin.

[Zadicar]

Obviously bitcoin can't be replaced by other crypto because bitcoin is so much strong.And people has started to believe on bitcoin.Bitcoins high price took it into another level.And bitcoin giving us so many facilities which makes it more stable.When other crypto will give more facilities than bitcoin can be replaced.

Bitcoin is stronger currency and it has their own importance in the market due to their price and demand, people have more trust on bitcoin than other crypto-currencies but replacement of bitcoin is not impossible because price of bitcoin is not stable and fluctuates with time, so may be in future some other crypto will go higher in the market with reference  to price and replace bitcoin or may be bitcoin's price will drop in future as it dropped from 1150$ to 730$ in just few hours.

Many people aware of what is bitcoin while only few people aware the existence of different cryptocurrencies than bitcoin. Which means bitcoin is very very popular in the crypto world compared to other cryptocurrencies. Popularity is one of the most important think when you want to use cryptocurrencies. A cryptocurrency which will replace bitcoin must be more popular than bitcoin.

Regarding popularity then bitcoin does really have the edge since its really normal because its the 1st crypto currency launched a number of years before and those alts are just new on this theres might other coin which same as old as bitcoin but they cant easily surpass bitcoins development which we could able to see now on the current state of bitcoin.If a certain coin would replace it then it should be unique compared to bitcoin.

[dragonchopper9]

Although Bitcoin is very strong right now, I would suggest that all the same possible option when alternative coin will take his place. This is evidenced by the growing popularity of alternative solutions on blockchain and the growth of coins capitalization. Already 6-7 coins have a capitalization of over 100 million dollars.

[Ewinsane]

Obviously bitcoin can't be replaced by other crypto because bitcoin is so much strong.And people has started to believe on bitcoin.Bitcoins high price took it into another level.And bitcoin giving us so many facilities which makes it more stable.When other crypto will give more facilities than bitcoin can be replaced.

Bitcoin is really can not replaced by another currency because bitcoin is really very much stronger currency and we can see that bitcoin is very modern and popular currency which is acceptable in everywhere for online shopping with low transaction fees .                                                                                                                                                                                                                                                                                                                                                                                                                                            

[DarkIT]

Well, bitcoin is already very strong for this time. but it did not cover the possibility that bitcoin will be replaced by another cryptocurrency. Well, lately very many new cryptocurrency development, particularly project created by the ICO. maybe there will be a new cryptocurrency and could surpass bitcoin someday.

[sabbirshm]

Obviously bitcoin can't be replaced by other crypto because bitcoin is so much strong.And people has started to believe on bitcoin.Bitcoins high price took it into another level.And bitcoin giving us so many facilities which makes it more stable.When other crypto will give more facilities than bitcoin can be replaced.

[barnes13]

One thing that I have realized it is very difficult to happen, even for long time it is still very difficult to happen, even today some bitcoin transaction takes quite a long time, it does not mean people will switch and will replaced with other cryptocurrency. Bitcoin will still number one cryptocurrency.

[hangar18]

There's a possibility but I think It will take some time