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Author Topic: Will Bitcoin be replaced by another cryptocurrency?  (Read 186361 times)
Janation
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April 07, 2017, 11:53:08 AM
 #1781

I dont think that bitcoin will ever be replaced by other cryptocurrency because bitcoin is the original and root of all the other cryptocurrency. Without bitcoin, there will be no other altcoins, they will never think or create another cryptocurrency. They are just fmaking altcoins, because there are some points that they do not like on bitcoin, it is like covering up the the flaws of bitcoin then making them a new name.
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April 07, 2017, 11:56:06 AM
 #1782

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
i think bitcoin would not be replace by another cryptocurrency because of its popularity and its features.but if the another currency which would more advance than bitcoin,and having more features than bitcoin could be replace.
There are many altcoins with better features than bitcoin yet bitcoin #1, no matter how many new feature a new altcoin brings bitcoin will always be #1. nothing can replace bitcoin! Smiley

Yes I see a lot of changes with different coins and yet it cannot surpass bitcoin. I guess it is still about trust and being the pioneer strengthens that trust.
Many bitcoin users may have switched to other coins but they didn't leave their bitcoin wallets zero. They will still leave something for the we dont know when it could increase. We still look forward for that.
Yes a lot of bitcoin users are using another kind of cryptocurrency for trading and also for their own purpose. Even though there is no altcoin that surpass the bitcoin, i still believed there is still a chance for bitcoin to be replaced because bitcoin is getting older and most of its features doesn't justify now just like the fast transactions.
Fast transactions were just a part of bitcoin's combined feature. As mentioned chances of bitcoin getting replaced by some other alternative is possible as periodically different cryptocurrencies with varied features were available for usage competing with bitcoin.
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April 07, 2017, 12:05:41 PM
 #1783

I dont think that bitcoin will ever be replaced by other cryptocurrency because bitcoin is the original and root of all the other cryptocurrency. Without bitcoin, there will be no other altcoins, they will never think or create another cryptocurrency. They are just fmaking altcoins, because there are some points that they do not like on bitcoin, it is like covering up the the flaws of bitcoin then making them a new name.

Strongly agree with this! Bitcoin is a school of coins itself. The functionality of another coin might be better than bitcoin, yet we cannot say bitcoin will be replaced by that one.
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April 07, 2017, 12:06:25 PM
 #1784

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
i think bitcoin would not be replace by another cryptocurrency because of its popularity and its features.but if the another currency which would more advance than bitcoin,and having more features than bitcoin could be replace.
There are many altcoins with better features than bitcoin yet bitcoin #1, no matter how many new feature a new altcoin brings bitcoin will always be #1. nothing can replace bitcoin! Smiley

Yes I see a lot of changes with different coins and yet it cannot surpass bitcoin. I guess it is still about trust and being the pioneer strengthens that trust.
Many bitcoin users may have switched to other coins but they didn't leave their bitcoin wallets zero. They will still leave something for the we dont know when it could increase. We still look forward for that.
Yes a lot of bitcoin users are using another kind of cryptocurrency for trading and also for their own purpose. Even though there is no altcoin that surpass the bitcoin, i still believed there is still a chance for bitcoin to be replaced because bitcoin is getting older and most of its features doesn't justify now just like the fast transactions.
Fast transactions were just a part of bitcoin's combined feature. As mentioned chances of bitcoin getting replaced by some other alternative is possible as periodically different cryptocurrencies with varied features were available for usage competing with bitcoin.

The only way to get fast transactions globally is with Lightning Network, we need segwit for that, and I think now its possible with UASF.

In any case to replace bitcoin you need to replace it as gold of crypto and other coins have 0 chance of replacing bitcoin as the gold of crypto.
paul gatt
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April 07, 2017, 12:28:19 PM
 #1785

That can happen, it is an inevitable result of time, everything will be outdated in time, and it can be replaced. However, it is totally up to us, if we love bitcoin, we can change it. We can upgrade the system and technology of bitcoin, making bitcoin grow continuously over time, and so bitcoin will not be outdated, and it will not be replaced by anything else.
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April 07, 2017, 02:10:01 PM
 #1786

For now yes, but much coin better and perfect than bitcoin, and I'm sure someday bitcoin will be replaced with a better coin.
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April 07, 2017, 02:27:51 PM
 #1787

It is a possibility if and only if there is a cryptocurrency better than Bitcoin which in fact has not yet to come.

For Bitcoin to be replaced it needs to surpass what Bitcoin can offer but if there is none then it is more likely impossible for them. Bitcoin is indeed far ahead from any other cryptocurrencies and been on the top spot long enough to acquire the trust of the people and these people have now harvest the fruits of their labor which serves as an advertisement for others to join Bitcoin.

Bitcoin has proven itself and the trust that people have are some of the reasons that Bitcoin can't be easily replaced and most likely impossible to occur yet the fact that it is still a possibility proves that there are a lot of things that may occur in the future that mostly of them are the things that can't be predicted and foreseen.
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April 07, 2017, 07:16:30 PM
 #1788

I dont think that bitcoin will ever be replaced by other cryptocurrency because bitcoin is the original and root of all the other cryptocurrency. Without bitcoin, there will be no other altcoins, they will never think or create another cryptocurrency. They are just fmaking altcoins, because there are some points that they do not like on bitcoin, it is like covering up the the flaws of bitcoin then making them a new name.

Even if there is no bitcoin, at some point someone will think about the very same idea. If Satoshi was able to think about it, so can the other people that share the same field of interest with Satoshi. There's newer and newer concepts popping up and someone that has knowledge in both the economy and cryptography will eventually think about starting a revolution. Although possibly it will be decades from now before someone ever thinks about this very same idea. That's why you'll someday stumble upon an article that's has a theory that Satoshi came from the future, and left us behind with the bitcoin idea (to save from what the future monetary system holds).

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KingdomHearts
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April 07, 2017, 07:55:20 PM
 #1789

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

no it will never be. because it is the first and father of all alt coins and it has the highest value among all other crypto currencies. and many of people in the world are now investing on it , people get interested on it.
i agree with you that its very hard to replace by another crypto currency because a lot of people consider that bitcoin is the king of crypto currency and bitcoin is very much stronger and trusted currency and people investing their money in bitcoin without any fear of risk.
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April 07, 2017, 11:04:23 PM
 #1790

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
i think bitcoin would not be replace by another cryptocurrency because of its popularity and its features.but if the another currency which would more advance than bitcoin,and having more features than bitcoin could be replace.
There are many altcoins with better features than bitcoin yet bitcoin #1, no matter how many new feature a new altcoin brings bitcoin will always be #1. nothing can replace bitcoin! Smiley
I think so some altcoin has enough features innovative and probably better. ETH examples
but it will not make the user leaves bitcoin
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April 07, 2017, 11:38:04 PM
 #1791

For now yes, but much coin better and perfect than bitcoin, and I'm sure someday bitcoin will be replaced with a better coin.
agree with you bro, everything have limit . Even bitcoin have limitation . There' s no forever in the world thats true. Bitcoin replaced by another coin I think decade will happen but as of now bitcoin is more powerful all of the coin. I hope the next coin that replaced in bitcoin better so we can earn more money. But I hope bitcoin will livelong so can help us to earn money.

 
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April 07, 2017, 11:51:41 PM
 #1792

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

no it will never be. because it is the first and father of all alt coins and it has the highest value among all other crypto currencies. and many of people in the world are now investing on it , people get interested on it.
i think bitcoin first created as cryptocurrency. does not mean that bitcoin will not be replaced.. I think if there is a more sophisticated coin then all users prefer to us new coins then bitcoin will be replaced
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April 07, 2017, 11:56:19 PM
 #1793

I do favour a more democratic system, but BU isn't that, nor is blockstream btw. Nor does any altcoin btw. Crypto is young, crypto is new. True consensus will be there in a few years.
Till that we have to deal with what we have.. BTC.

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April 08, 2017, 05:58:01 AM
 #1794

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

no it will never be. because it is the first and father of all alt coins and it has the highest value among all other crypto currencies. and many of people in the world are now investing on it , people get interested on it.
i think bitcoin first created as cryptocurrency. does not mean that bitcoin will not be replaced.. I think if there is a more sophisticated coin then all users prefer to us new coins then bitcoin will be replaced

There is a chance that bitcoin can be replaced but as of now, it is impossible because if bitcoin can be replaced then there is a lot of users who will not use bitcoin. As of now, there is no altcoin that can beat bitcoin and it will take few more years before bitcoin is replaced. Enjoy now while we have bitcoin and don't think for replacements because it will take a lot of time before we get that.
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April 08, 2017, 08:55:12 AM
 #1795

For now yes, but much coin better and perfect than bitcoin, and I'm sure someday bitcoin will be replaced with a better coin.
agree with you bro, everything have limit . Even bitcoin have limitation . There' s no forever in the world thats true. Bitcoin replaced by another coin I think decade will happen but as of now bitcoin is more powerful all of the coin. I hope the next coin that replaced in bitcoin better so we can earn more money. But I hope bitcoin will livelong so can help us to earn money.
sorry but I have a different opinion to you. if there is now a coin that were significantly better than the bitcoin bitcoin prices will not rise as it is today. the amount of market cap of bitcoin very far above altcoin, so I think this is not just about technology but there are a lot of things regarding bitcoin which is better than altcoin. many people using bitcoin, even the people in the deep web using bitcoin and developed countries like Japan, USA and Russia also regulate the use of bitcoin.

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April 08, 2017, 09:19:14 AM
 #1796

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

Nope.

Time is NOT on the side of the powers that be to switch to another cryptocurrency because that will severely affect the rate of adoption.

People that are currently not into bitcoin will say to themselves, "If bitcoin having such a strong presence and support, with first-mover advantage, can crash and be replaced, what makes the current leading cryptocurrency (ethereum/monero/litecoin/etc) won't be affected by the same in the future? I might as well buy gold and silver and stay safe."

For bitcoin to be toppled and replaced by another cryptocurrency will be more serious than having a hard fork.


     
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April 08, 2017, 09:24:49 AM
 #1797

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
i think bitcoin would not be replace by another cryptocurrency because of its popularity and its features.but if the another currency which would more advance than bitcoin,and having more features than bitcoin could be replace.
There are many altcoins with better features than bitcoin yet bitcoin #1, no matter how many new feature a new altcoin brings bitcoin will always be #1. nothing can replace bitcoin! Smiley

Yes I see a lot of changes with different coins and yet it cannot surpass bitcoin. I guess it is still about trust and being the pioneer strengthens that trust.
Many bitcoin users may have switched to other coins but they didn't leave their bitcoin wallets zero. They will still leave something for the we dont know when it could increase. We still look forward for that.
Yes a lot of bitcoin users are using another kind of cryptocurrency for trading and also for their own purpose. Even though there is no altcoin that surpass the bitcoin, i still believed there is still a chance for bitcoin to be replaced because bitcoin is getting older and most of its features doesn't justify now just like the fast transactions.

Bitcoin aint old. The mined bitcoin isnt even over yet and it will take more years to get all of that.
It is still at its young stage. The older part would be if all are mined then maybe 20 years of circulation with users and merchants. That is how it should after all of this. Miners will be getting funds from transaction in that moment.

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April 08, 2017, 08:03:38 PM
 #1798

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

It makes no sense because Altcoins keep springing up but all of them one way or the other forks part of Bitcoin and if this scenario continues I doubt if any could replace Bitcoin but they can exist as good coins but not to take the place of the premier coin.
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April 08, 2017, 10:04:25 PM
 #1799

Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

It makes no sense because Altcoins keep springing up but all of them one way or the other forks part of Bitcoin and if this scenario continues I doubt if any could replace Bitcoin but they can exist as good coins but not to take the place of the premier coin.
Yes as we know that bitcoin is the first and master crypto currency and all other coins are the copies of bitcoin then how can a copy replace its original. It is hard for any of other crypto currency to replace bitcoin and to become the first crypto currency of the world.
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April 08, 2017, 10:11:42 PM
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Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?

It makes no sense because Altcoins keep springing up but all of them one way or the other forks part of Bitcoin and if this scenario continues I doubt if any could replace Bitcoin but they can exist as good coins but not to take the place of the premier coin.
Yes as we know that bitcoin is the first and master crypto currency and all other coins are the copies of bitcoin then how can a copy replace its original. It is hard for any of other crypto currency to replace bitcoin and to become the first crypto currency of the world.

Some people have said that if there is a hard fork, it will weaken Bitcoin and one of the major altcoins could pass it in value. It seems that this may be the only scenario in which any altcoin could overtake Bitcoin in value.
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