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Author Topic: Will Bitcoin be replaced by another cryptocurrency?  (Read 185472 times)
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August 30, 2017, 05:03:10 PM
 #2321

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 is possibly possible especially when bitcoin let it be. As time goes by, upgrading each feature of a cryptocurrency is always involve. If Bitcoin will let others to beat them, replacing bitcoin as no. 1 out of all crypto is surely possible. That is why bitcoin should upgrade its features too to be still on line.

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August 30, 2017, 06:00:49 PM
 #2322

With a good basis we can come up with a realistic approach, before some people think that altcoins are scam and only bitcoin is legit but now things a big and you can tell it with the lowering dominance of bitcoin in the entire market. We can never be sure what will happen in the future but give that possibility in the future, crypto is full of surprises as price can change abruptly in just a short period of time.

You are right. Earlier, a lot of people used to think that the altcoins are mostly scam, and only a very few used to invest in them. But now the situation has changed completely. ICOs with very little backing are gathering hundreds of millions of USD.

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August 30, 2017, 06:03:17 PM
 #2323

With a good basis we can come up with a realistic approach, before some people think that altcoins are scam and only bitcoin is legit but now things a big and you can tell it with the lowering dominance of bitcoin in the entire market. We can never be sure what will happen in the future but give that possibility in the future, crypto is full of surprises as price can change abruptly in just a short period of time.

You are right. Earlier, a lot of people used to think that the altcoins are mostly scam, and only a very few used to invest in them. But now the situation has changed completely. ICOs with very little backing are gathering hundreds of millions of USD.
until recently I thought that cryptocurrency a huge pyramid and Bitcoin in the same case can greatly harm those people who engage in cryptocurrency invest their money. But now my opinion has changed dramatically, because I see the prospects for the future and the more that the legs in the state has also begin to work in cryptocurrency. They Which state structure Will not do harm to itself. Therefore, this is a very strong argument.
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August 31, 2017, 05:12:07 AM
 #2324

I dont think so, what made you think that it will be replaced by another crypto currency? Bitcoin is the most trusted crypto now and has the largest value. Even the one on second place to bitcoin can't replace it. It has made its name to the community for ages.

True. Bitcoin has established its name among the crypto space for many years since its inception. It has been the first cryptocurrency that brought us the blockchain technology, where most of the things we have now, couldn't have been possible without it.

While it has an advantage over the markets, there could exist a possibility of becoming replaced by another cryptocurrency if it aims to provide better technology and solve many of the issues underlying the pioneer cryptocurrency. The odds of this becoming a reality are very small, but anything could happen if Bitcoin fails to deliver a solid scaling solution to handle large transaction throughput.

With the inception of Bitcoin Cash, the battle against Bitcoin has strengthened even further, increasing the possibilities of a takeover in the pioneer cryptocurrency's market cap. The final step of SegWit2x is bound to come into effect this November, so I guess that we will have to wait and see what happens by then, to be able to determine Bitcoin's future in the market. Just my opinion. Smiley
I’m not going to say that I’m not worried first bitcoin cash and now segwit2x it seems the miners are doing everything they can to undermine bitcoin credibility but at the same time I cannot stop to think that is very weird they are doing that, since they are jeopardizing their way of living if bitcoin dies then they think another coin is going to take over but I think that is not going to be the case we are going to see a massive exodus away from cryptos.
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August 31, 2017, 05:38:46 AM
 #2325

probably not. I think so. As you can see, as with the global currency market today, many of the potential currencies become global currencies but the dollar does not seem to have been replaced by any big money. btc too.

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August 31, 2017, 05:43:58 AM
 #2326

probably not. I think so. As you can see, as with the global currency market today, many of the potential currencies become global currencies but the dollar does not seem to have been replaced by any big money. btc too.
Alts made as a substitute for btc,but still its the btc that we use, we only use some alts whenever there are issues or when the fee too high. Btc will always be prior into any other alts.

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August 31, 2017, 09:18:56 AM
 #2327

Bitcoin will most likely be replace by Ether. It is faster, cheaper (in terms of tx fees), and is about to get a huge scalability boost.

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August 31, 2017, 11:37:38 AM
 #2328

I don't think so. Bitcoin is strong cryptocurrency and i think it cannot replace of any cryptocurrencies. If you notice bitcoin is continuously increasing comparing to the other crypto.
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August 31, 2017, 08:03:34 PM
 #2329

It perfectly makes sense. Bitcoin will be replaced by another cryptocurrency in the future that will be better, more advanced, and more convenient. It will make sense that people will move on to the better currency and Bitcoin will be useless, obsolete. But it doesn’t mean that it will be useless. Bitcoin has laid the foundation for the modern currency. No doubt that the principles and functions will be adapted by the new digital currency. Bitcoin will become the father of the modern digital currency.
 
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August 31, 2017, 08:06:51 PM
 #2330

To believe (e.g. to be certain) something like that does not make rational sense. To say that is a statistic probability makes much more sense. However, this has been discussed over and over again. In order for the cryptocurrency space to thrive, it would be most suitable if there were multiple coins at the top and not just one (as currently Bitcoin is). Nobody can say that either one will happen for sure; they would only be speculating.
I dont believe that bitcoin is replaced by other cryptocurrencies because as of now. Bitcoin is popular in many countries and becoming more popular as the time goes by. And also. For me. Bitcoin is the most trusted cryptocurrency. And its value is high than others.
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August 31, 2017, 10:05:03 PM
Last edit: September 06, 2017, 02:33:42 AM by BartS
 #2331

To believe (e.g. to be certain) something like that does not make rational sense. To say that is a statistic probability makes much more sense. However, this has been discussed over and over again. In order for the cryptocurrency space to thrive, it would be most suitable if there were multiple coins at the top and not just one (as currently Bitcoin is). Nobody can say that either one will happen for sure; they would only be speculating.
I dont think so. Because bitcoin the most trusted currency as of now. So i dont think that there's anothed cryptocurrencies can beat bitcoin. Because bitcoin is known and becoming more famous as the time goes by.

A few months back, Bitcoin's share in the total crypto market capitalization was above 90%. This figure has come down to around 45% now. So you can't be certain that no other crypto can beat Bitcoin. There is a chance, albeit a small one.
That only means that other useful projects have appeared that is all, it was impossible for bitcoin to maintain that percentage and even if that percentage has been cut in half, the market cap of bitcoin since those times is 7 times higher which is not bad at all taking into account that it took less than a year for that impressive growth to happen.
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August 31, 2017, 10:18:27 PM
 #2332

To believe (e.g. to be certain) something like that does not make rational sense. To say that is a statistic probability makes much more sense. However, this has been discussed over and over again. In order for the cryptocurrency space to thrive, it would be most suitable if there were multiple coins at the top and not just one (as currently Bitcoin is). Nobody can say that either one will happen for sure; they would only be speculating.
I dont think so. Because bitcoin the most trusted currency as of now. So i dont think that there's anothed cryptocurrencies can beat bitcoin. Because bitcoin is known and becoming more famous as the time goes by.

A few months back, Bitcoin's share in the total crypto market capitalization was above 90%. This figure has come down to around 45% now. So you can't be certain that no other crypto can beat Bitcoin. There is a chance, albeit a small one.
That only means that other useful projects have appeared that is all, it was impossible for bitcoin to maintain that percentage and even if that percentage has been cut in half the market cap of bitcoin since those times is 7 times higher which is not bad at all taking into account that it took less than a year for that impressive growth to happen.
Therr are already lot crypto insisting yet no one beat btc yet even the produce crypto in split. It just mean btc been proves its characteristics and able to survive any issues.

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August 31, 2017, 10:47:21 PM
 #2333

Many say this probability is very unlikely, but when viewed from a competitor's perspective, they remain optimistic to be at the top if one day bitcoin falls with some up-to-date and 100% different innovations. I believe altcoin's opportunity to replace bitcoin is very wide open for fighting in a free global market.

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August 31, 2017, 10:49:34 PM
 #2334

I dont think that this is gonna happen, just because bitcoin has been the first cryptocurrencie in the market, and all the others were created after bitcoin.
It is like saying that P-cola is gonna be better than Coca Cola, that is insane and will never happen, and everyone can confirm that.
Maybe ethereum could be the first competitor to bitcoin, but it wont be more than the number #2


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August 31, 2017, 10:54:17 PM
 #2335

It perfectly makes sense. Bitcoin will be replaced by another cryptocurrency in the future that will be better, more advanced, and more convenient. It will make sense that people will move on to the better currency and Bitcoin will be useless, obsolete. But it doesn’t mean that it will be useless. Bitcoin has laid the foundation for the modern currency. No doubt that the principles and functions will be adapted by the new digital currency. Bitcoin will become the father of the modern digital currency.
 
Yes, but before that thing will happen bitcoin will replaced dollars first for the crypto's going to rain in the. I think in the coming 2020-2030 bitcoin will replaced cash and bitcoin become the main currency of the world. If ever that bitcoin replaced by another currency it is not because bitcoin has weak foundation rather bitcoin is the way for the coming more modern and more convenient currency.

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August 31, 2017, 11:16:12 PM
 #2336

I dont think that this is gonna happen, just because bitcoin has been the first cryptocurrencie in the market, and all the others were created after bitcoin.
It is like saying that P-cola is gonna be better than Coca Cola, that is insane and will never happen, and everyone can confirm that.
Maybe ethereum could be the first competitor to bitcoin, but it wont be more than the number #2
The chances of making that happen is very low that's why we just have to trust bitcoin now.
Price boomed and break another all time high again and that's how people support bitcoin, it has a good success this year
and it's continuing, we have to be thankful for this and the increasing adoption.
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September 01, 2017, 01:55:48 AM
 #2337

I dont think that this is gonna happen, just because bitcoin has been the first cryptocurrencie in the market, and all the others were created after bitcoin.
It is like saying that P-cola is gonna be better than Coca Cola, that is insane and will never happen, and everyone can confirm that.
Maybe ethereum could be the first competitor to bitcoin, but it wont be more than the number #2
The chances of making that happen is very low that's why we just have to trust bitcoin now.
Price boomed and break another all time high again and that's how people support bitcoin, it has a good success this year
and it's continuing, we have to be thankful for this and the increasing adoption.
The adoption plays a big role here for the price because of the adoption, the demand for bitcoin always grow into unexpected amount and the investors of bitcoin already got a very huge increase and that is why the price of bitcoin is keep on rising because more and more people are now interested in bitcoin.

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September 01, 2017, 02:01:57 AM
 #2338

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 don't think so because as we can see bitcoin right now has been popular to those people who has been accepted bitcoin. Bitcoin has not been replaced by another cryptucurrency because the price of bitcoin is continually increase so we don't have the reason to replaced it but I believe bitcoin will be developed. Bitcoin has been replaced if people will not use bitcoin anymore.
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September 01, 2017, 02:04:12 AM
 #2339

There could be a possibility. Yet I am pretty sure that this could really be a hard fight and bitcoin would not just go down that easy. You have already seen other cryptos that tries to eliminate  bitcoin but none of them even equates to half its value because of the huge sport from the community
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September 01, 2017, 02:13:12 AM
 #2340

in my opinion bitcoin will not be replaced. because bitcoin is famous and has many followers. bitcoin prices are very good and reliable
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