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Author Topic: Will Bitcoin be replaced by another cryptocurrency?  (Read 185472 times)
DevilSlayer
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September 18, 2017, 04:42:35 AM
 #2401

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?
For me it will not happen. There is no altcoins that can replace the bitcoin. Bitcoin will be the no.1 cryptocurrency forever. Bitcoin is really powerful that no coins can surpass it.

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September 18, 2017, 04:51:41 AM
 #2402

EMC2 prolly Wink ha lol

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September 19, 2017, 03:15:03 PM
 #2403

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.

Yup agree with this.

As of now , BTC is the preferred SOV (store of value)

However, others are emerging which currentyl do a better job as MOE (medium of exhange)  and not to mention offer much better privacy.
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September 20, 2017, 06:08:31 PM
 #2404

I think it is very likely, now all the people that make the coins and they cooperate with one another to strengthen communities, an example is the Ethereum, there are many developers who utilize network ethereum.
Can bitcoin be replaced? Yes, is it likely? No, the only coin that is close to bitcoin is ETH, and even that coin is very far away in terms of market cap, but when it comes to actual usage there is no competition bitcoin is at the top by far and that is going to remain like that for a very long time and if bitcoin gets major adoption then it is going to be almost impossible to replace bitcoin.
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September 23, 2017, 07:14:08 PM
 #2405

Nope. Well, too early to say. I have a feeling there will be more coming out, specifically from large corporations like Facebook which could easily challenge it. Imagine if Facebook launched "Facecoin" or something of that nature. Shocked
I will not be surprised if that happened, but I think such a specific coin will only be used for their own services and will not be an attempt to be a general currency like bitcoin tries to do, and even if they tried to create something similar to bitcoin we must take into account that facebook goes against the ideals of bitcoin of decentralization, the facebook coin will be nothing but a centralized attempt to disguise itself as the real thing.
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September 23, 2017, 07:42:49 PM
 #2406

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?
For me it will not happen. There is no altcoins that can replace the bitcoin. Bitcoin will be the no.1 cryptocurrency forever. Bitcoin is really powerful that no coins can surpass it.
centralized in all aspects as per bitcoin is the number currency because of its popularity now and as we can see on the market the performance that we can see on bitcoin that no one can ever replace on it.
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September 25, 2017, 10:49:53 PM
 #2407

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.

Yup agree with this.

As of now , BTC is the preferred SOV (store of value)

However, others are emerging which currentyl do a better job as MOE (medium of exhange)  and not to mention offer much better privacy.
A possibility is that if bitcoin fails at becoming a currency used by the world is that bitcoin becomes the gold of cryptocurrencies and some other crypto becomes the one that circulates the most, this in fact happened to gold, the most widely use precious metal was not gold but silver, so it is possible that a coin that is considered to be very good but not as valuable as bitcoin becomes the most used crypto
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September 25, 2017, 11:26:11 PM
 #2408

Yes it could happen but i doubt very much it will happen the short to medium term, to actually make bitcoin obsolete would be a achievement.
Yes I agree since this is a currency which is expected not to be replaced any fiat but I see the thing will happen soon that some currency will sprout and be abovenitcoin if that currency is better than bitcoin, cause probably we will find the special features of it, comparison may come into our mind and it should be helpful ,accessible, systematic and decentralized as well, so expect that mamy more years some currency will sprout and be used, but I believe it will not occur ina short period of time.
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September 26, 2017, 02:08:11 AM
 #2409

It could be. Look at what happened to MySpace. It was the king of social media before Facebook ever existed and millions used it. Now it is nothing.
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September 26, 2017, 02:22:23 AM
 #2410

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?

There is possibility but right now it would be harder to replace bitcoin because of the remarkable support of the investors that lead to reach its current value now. I think it can be replace only if the people do not have trust anymore in bitcoin and people massive dump the coin. But fortunately everybody seems holding on bitcoin because as time goes by it really breaks the all time record high and for sure it would still be on top in the next coming years.

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September 26, 2017, 02:47:44 AM
 #2411

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 dont think so, that bitcoin can be replace by any other currency, bitcoin is getting popular day by day. people are entering in the world of bitcoin on daily bases, they are investing their money in bitcoin, some people are also using bitcoin as in place of fiat money, some shops are now accepting bitcoin for shopping, and the government is now taking serious decision about bitcoin legalization, therefore i do not think so that the bitcoin is going to be merge or replace my any other currency.
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September 26, 2017, 03:05:24 AM
 #2412

bitcoin is still consider too complicated for normal consumers

i believe it will be replaced by some more consumer friendly alt-coin

the coin that is as easy as to access and recognizable
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September 26, 2017, 03:15:49 AM
 #2413

It could happen, but I think it will take a long time to replace bitcoin, let's just look at bitcoin prices now above other coins.
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September 26, 2017, 07:26:16 AM
 #2414

For the meantime no. No one can take bitcoin's place. If there will be a superior coin in the future, it still is going to be compared to bitcoin and it's price will still be derived from it.
Yes it is quite possible some other crypto currency replaces bit coin in the digital world which is more secured and more growing in the market but it will take some time for the designers to design such currency. Till that time bit coin will have made its worth and value in the world.
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September 26, 2017, 07:43:14 AM
 #2415

Yes it is possible that bitcoin will be replaced the most suitable for that would be ethereum it is also number 2 in the top coins and i think it is going to go even higher than bitcoin can achieve but bitcoin is also very unpredictable so we will never know.
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September 26, 2017, 11:52:51 AM
 #2416

Yes it is possible that bitcoin will be replaced the most suitable for that would be ethereum it is also number 2 in the top coins and i think it is going to go even higher than bitcoin can achieve but bitcoin is also very unpredictable so we will never know.
It doesn't mean that because ethereum is the number 2 in the ranking of the cryptocurrencies then it is the best or suited for replacing bitcoin because there are still a lot of cryptocurrency in the market that has a lot of potential and in the future we can see more cryptocurrencies that can compete with bitcoin and not only ethereum.

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September 26, 2017, 11:00:38 PM
 #2417

Bitcoin will not be replaced by another cryptocurrency as it is far superior than any of it's competitors. The people that are working on Core are the best in the world and have the highest values in the world.



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September 27, 2017, 05:41:12 AM
 #2418

I think the the possibility of that is very small, however who knows, bitcoin is the stable coin if compare it with all coins, and check the gap of rate difference between bitcoin and all coins.
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September 27, 2017, 09:21:17 AM
 #2419

It might be possible that BTC will be "replaced" by a new cryptocurrency which will be spread and rolled Out by Big companies in the Future.
But i don't think BTC will be replaced by a - now existing - cryptocurrency

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September 27, 2017, 09:24:42 AM
 #2420

I think bitcoin will not be replaced by another altcoin, because bitcoin is now a benchmark of altcoin , altcoin follow the price of bitcoin ..
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