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Author Topic: Will Bitcoin be replaced by another cryptocurrency?  (Read 185472 times)
nrvasquez
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September 05, 2017, 05:43:15 AM
 #2361

Yes, this makes sense. Bitcoin is probably not suitable for replacing every and each fiat coin in the world right now as it is and make an unique, universal coin... So another coin will probably replace it, or Bitcoin will evolve so much that it will make no more sense to call it Bitcoin. Only future will tell.

yes. I think the key is development. if bitcoin stops growing I'm sure someday there will be another product similar to bitcoin that has many advantages compared to bitcoin, so bitcoin will be replaced.
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September 05, 2017, 07:26:33 AM
 #2362

I don't think so at all, i think bitcoin will survive and be superior to other coins. And i don't think this will happening in the future, bitcoin remains strong and is the strongest crypto currency for surely i guess and there will be no other coin that will shift bitcoin.
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September 06, 2017, 02:43:24 AM
 #2363

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.
 
It has been almost ten years and no cryptocurrency has appeared that is even close to rival bitcoin this show to us the beauty of satoshi’s design, and it also show to us that even if surpassing bitcoin is possible in theory, bitcoin is not going to give up its top spot as the best cryptocurrency that easily, especially since the devs keep updating bitcoin.
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September 06, 2017, 05:50:49 PM
 #2364

Bitcoin is not going to be replaced very soon. No crypto can be of as high usage as bitcoin. It may take top of the other cryptos years to even compete with Bitcoin. Now a days, almost many places accept Bitcoin but I don't think that any other crypto has such more value when it comes to usage. You can even check the rates. The Bitcoin is the only crypto with highest rates currently. The current price of one Bitcoin is 4733.79 US Dollar which is far more than others e.g  Ethereum is at $389.51. I still believe that one day there will be other cryptos that may reach the level of Bitcoin but currently there is no crypto to compete Bitcoin.

Agree. Bitcoin with its current standing is hard to beat. It has managed to build up a strong reputation over the course of years, and now it is the most secure blockchain in existence. As a result of this, Bitcoin's prices have been on a constant uptrend, making the pioneer cryptocurrency stronger than ever. Given the fact that it has an established branding, it will be quite difficult for any emerging cryptocurrency to take its place.

What's more is that Bitcoin is finite in supply, leaving it opportunity to appreciate in value over time. With this in mind, the pioneer cryptocurrency has many strong points which will make it stand among other cryptocurrencies for many years to come.

Nonetheless, one day there could exist a cryptocurrency that could match Bitcoin's level in market cap and acceptance. Once this happens, there will be a major shift in the whole cryptocurrency market. But, in the meantime Bitcoin is king and will remain as is for a couple of years from now. Just my opinion Smiley

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September 06, 2017, 06:17:00 PM
 #2365


maybe yes, maybe not. depending on what happens in the future. no one can predict for sure.

the question is. what can cause obsolete bitcoin? of course there should be a coin that exceeds that of bitcoin instead.
and to this day bitcoin still perched at number one.
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September 06, 2017, 09:34:33 PM
 #2366

there is no two Gold in life .. we have silver but no gold .
and bitcoin is only one in cryptocurrecny so i didn't think any crypto will replaced .
and if Dash or ETH hit 4600 .. i think bitcoin will go to more than 15000 .

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September 06, 2017, 10:21:41 PM
 #2367

It will really be hard to say whether it will be replaced or not, time will tell but a lot of Alts have tried and failed maybe "the next big thing" can do the magic we are waiting. But in the real sense, Bitcoin has really come to stay and has maintain its position right up there and even other cryptos real value are determine in relation to the price of Bitcoin just like the USD in the FIAT world but who knows? The future is uncertain.

Bitcoin price and altcoin price are always related to each other, if the bitcoin demand high, the altcoin price will drop but in reverse, bitcoin price will drop simultaneously.


As of now, I'm not even thinking that bitcoin will be replaced by another crypto currency. Because if we will just look upon the achievements of bitcoin then no one can really able to reach it and look upon those hundreds of alts. I will frankly say that no one can ever replace bitcoin for these days or for next 10 years, but after that I can't tell.

Me too, I'm not thinking about the replacement of bitcoin. The important now is how to earn bitcoins in on your hard-work.

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September 06, 2017, 10:44:29 PM
 #2368

i think its possible because some coins has also a potential  like etherium which value is also increasing and soon to overcome bitcoin or will replace his throne. some other coins also is better because of thier low transaction fees which is good to use if your saving up some bucks. but today more still more people loves bitcoin rather than any other coins because bitcoin has the highest value and continue to increase also it has alot of exposure and more popular.
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September 06, 2017, 10:54:38 PM
 #2369

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 tough but not impossible. Bitcoin will be available till 2023 and it is very much possible for some other crypto currency to take over its place. Even though it will not be very easy, but not impossible also. However, I don't see that happening in 5-6 years. The kind of positivity and public trust is bestowed up on bitcoin, it will remain as the most valuable crypto currency till the time it is available.

Later on, some technically superior crypto currency can certainly get more investments than bitcoin and can replace it from the number one position. Anything can happen in future, that only time will tell. 

   
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September 07, 2017, 05:00:09 PM
 #2370

It is tough but not impossible. Bitcoin will be available till 2023 and it is very much possible for some other crypto currency to take over its place. Even though it will not be very easy, but not impossible also. However, I don't see that happening in 5-6 years. The kind of positivity and public trust is bestowed up on bitcoin, it will remain as the most valuable crypto currency till the time it is available.

Later on, some technically superior crypto currency can certainly get more investments than bitcoin and can replace it from the number one position. Anything can happen in future, that only time will tell. 

Agree. It is not that difficult for another cryptocurrency to take over Bitcoin's place. However, it may take a couple of years from now for that to become a reality since Bitcoin has an established branding and user acceptance.

If another cryptocurrency comes in with better technology, and with the ability to scale at a fast pace than Bitcoin, then it might probably take its place given that it will gain greater adoption and acceptance among the mainstream world.

But, in the meantime, we could enjoy all the benefits that the pioneer cryptocurrency provides, until the time comes to departure from it. The future brings many exciting things ahead and it will tell whenever Bitcoin will remain within its rightful place on the markets or not. Just my thoughts Grin

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September 08, 2017, 05:16:16 AM
 #2371

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?

Thats impossible because bitcoin is more uses than the other cryptocurency but if the cryptocurrency have new feature, new project or profitable than bitcoin i think that the reason to replaced by another crytocurrency. But i think theres no crypto currency can greater than bitcoin cause bitcoin is profitable than other cryptocurrency.
I agree with you . bitcoin is impossible to replaced by another cryptocurrency becuase bitcoin is bitcoin is strong and good and continiously to increase the value. And i think after 50 years new and muchbetter cryptocurrency than bitcoin will appear. Only time can replaced by bitcoin.

Please don't say this ever again. I really feel myself crying when someone compares bitcoins with altcoins. The alternative coins are no match for bitcoins.

They don't even stand near it. How any of the altcoins can can take it place. Just check the difference between the values. One last thing, nothing is gonna happen to bitcoins.
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September 08, 2017, 05:32:23 AM
 #2372

Nothing is impossible. Bitcoin is the first cryptocurrency and thus has its advantage. However, more advanced cryptocurrency may keep popping up. Hope Bitcoin can evolve,  improve and keep the leader role.

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September 08, 2017, 05:49:19 AM
 #2373

for short range answer will be big no but for long one yes must came coin better than bitcoin
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September 08, 2017, 07:23:24 PM
 #2374

There is no way bitcoin is going to be replaced by another crypto currency because bitcoin is the game leader and it led the way for other coins to start coming up, anything that is going to make bitcoin go down is also taking other coins with it.
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September 09, 2017, 03:02:55 AM
 #2375

Not in the near future by any chance (take it with a pinch of salt though). If it's that hard for the world to just accept one currency coin (and we are not even halfway there yet to be honest), how would you expect that one currency be replace by some other crytocurrency? Even if Apple or Microsoft bought over some other crypto entirely / create their own, it would be still an uphill task to overtake BTC in terms of awareness.
We do not know what it may happen in the future but at the moment there is not a single coin that is even close to replace bitcoin, just a few months ago people were talking about the flipping which was supposed to be the moment when ETH surpassed BTC and that did not happen and it seems it is never going to happen, besides with segwit finally activated bitcoin is finally ready to get world wide adoption.

Bitcoin is certainly the king of this sector. No matter if another coins is better than bitcoin in terms of functionality, bitcoin will maintain its leadership position in the market. It has a symbolic meaning for all of us.
The best thing is that bitcoin is still the best, there are some coins that have some uses, but most of the coins are nothing more than bitcoin with some modifications, and now with the new improvements on the network bitcoin may finally be able to get the adoption we are waiting, and if it does, then prepare yourself since the price of bitcoin is probably going to skyrocket in the next years.
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September 09, 2017, 03:18:32 AM
 #2376

Maybe it will happen. if Bitcoin loses the trust of its users or the government prohibits the use of Bitcoin to transact or also the emergence of newer, more sophisticated crypto coins from Bitcoin.
But for now I think Bitcoin is irreplaceable.

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September 09, 2017, 03:35:28 AM
 #2377

I see no obvious contender to bitcoin yet, besides ethereum. But I will still keep my main stash in bitcoin until I see an obvious change happening.

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September 09, 2017, 03:37:06 AM
 #2378

I do not understand, why some people always think negative. Bitcoin is the mother of crypto currency. In future exchange rate may differ but it is impossible to replace by another one. It does not have the possibility of extinction.
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September 09, 2017, 03:55:02 AM
 #2379

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 no but we can think after a few years some altcoin will be so high like bitcoin so i think some altcoins will be going similar to bitcoin like eth now the price of eth now is a going similar little by little to bitcoin so i think the next popular is eth,this is my prediction only i dont know the future

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September 09, 2017, 03:55:24 AM
 #2380

in my opinion for now bitcoin can not be replaced by any coin.
because bitcoin is famous so to be replaced takes a long time
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