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Author Topic: Will Bitcoin be replaced by another cryptocurrency?  (Read 185472 times)
zikabra
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September 30, 2017, 08:27:07 PM
 #2461

It could happen but maybe in the long run, but currently it might seem not possible. Another way it can happen very fast is when bitcoin fees goes too extreme or problems starts emerging and nothing is done about it
Fees will go down, bitcoin is not replaceable.
Whoever enters crypto world is doing it because of bitcoin, not any other altcoin, this community is still young and more people are yet to come - and not because of altocoins.
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Snaic
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September 30, 2017, 08:42:47 PM
 #2462

While there is no need to replace bitcoin with another crypto currency, I hope that such a need will not arise in the future. Bitcoin as a digital technology does not stand still, but develops and continuously improves. This is constantly monitored by his team of developers and various techies, eliminating its vulnerabilities and making it more convenient and perfect.

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September 30, 2017, 08:43:52 PM
 #2463

It could happen but maybe in the long run, but currently it might seem not possible. Another way it can happen very fast is when bitcoin fees goes too extreme or problems starts emerging and nothing is done about it
Fees will go down, bitcoin is not replaceable.
Whoever enters crypto world is doing it because of bitcoin, not any other altcoin, this community is still young and more people are yet to come - and not because of altocoins.


Even if fees go up, the other altcoins cannot replace bitcoin. Bitcoin's demand and adoption is way above of other coins. This will maintain forever, if you ask me. It will dominate the world.
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September 30, 2017, 08:48:17 PM
 #2464

I think nothing will be able to shift the bitcoin value for now. since the popularity of bitcoin will hold up the bitcoin price.
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September 30, 2017, 09:06:07 PM
 #2465

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 if bitcoins reach its cap that will result to increase in supply but will lessen its demands then maybe another cryptocurrency will step up and easily outshine bitcoin but I doubt that it will replace bitcoin totally, maybe there would be a seasonal trade off of reds and green In the market charts but not replacing one another.

Frank0209
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September 30, 2017, 09:20:24 PM
 #2466

It's really hard cause it'll take too long for any coins to reach to over 4k$ price maybe 10 or 15 years but I think Bitcoin will reach to 10k$ soon so it'll be more difficult to get over Bitcoin at that price cause the total amount of Bitcoin all over the world still not mined out so Bitcoin price will keep increasing in at least next 5 - 7 years I think so if any coin can replace Bitcoin it'll take at least 15 - 20 years IMO Smiley)
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September 30, 2017, 10:06:31 PM
 #2467

It could happen but maybe in the long run, but currently it might seem not possible. Another way it can happen very fast is when bitcoin fees goes too extreme or problems starts emerging and nothing is done about it
I think that it is being replaced by many crypto right now. Bitcoin can not be used as a payment method anymore cause of its price. People tend to hold bitcoin instead of spending it and other coins are considered to replace bitcoin to become the next online currency.



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Dhaaaw
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September 30, 2017, 10:10:25 PM
 #2468

I dont think it can be replaced unless its a coin with ground breaking new technology, which the alt coins right now lack. Bitcoin right now is popular even with ordinary people while other cryptocurrencies are only popular with investors and the altcoin community thats why it will take ages to be replaced.

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September 30, 2017, 11:04:38 PM
 #2469

I don't think so. At least not in few years. To replace bitcoin the altcoin should be trusted and accepted more than bitcoin.
For now i can see only bitcoin accepted in few stores.
mornabo
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October 01, 2017, 07:51:02 AM
 #2470

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.
logically when they want to try and use altcoin or other cryptocurrency they will definitely get to know bitcoin first or other cryptocurency users is definitely still dependent on bitcoin, see almost all cryptocurrencies have exchange rates depending on the bitcoin exchange rate right? so i think it is possible for cryptocurrency to replace bitcoin, but thechance is very small

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October 01, 2017, 10:29:52 AM
 #2471

Yes it may happen because new coins as watu continue to appear. but I highly doubt it will happen in the short to medium term just waiting.
BartS
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October 01, 2017, 08:31:56 PM
 #2472

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.
I’m not an expert but if I remember correctly both began being developed roughly at the same time, MySpace used an easier programing language that allowed them to be up and running much faster but it lacked flexibility, Facebook took more time but when it was ready you could do a lot more things with it, so I think the analogy does not apply completely to bitcoin and crypto even if I can see your point.
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October 01, 2017, 08:58:08 PM
 #2473

It is NOT possible. If bitcoin is there then there is Crypto Industry, if Bitcoin is dead then there is no Crypto Industry is finished! There are absolutely no other way to it, there are literally no near to replacement of Bitcoin and as I said, it’s just NOT possible.

~Cryptonetix.com~
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October 01, 2017, 09:06:10 PM
 #2474

Nope, the reply has been posted by a lot of users too, but bitcoin can not be replaced in just matter of days or even months. It has been the first cryptocurrency and it can not be replaced, what would happen to the other cryptos if bitcoin dissappears? everybody would be panicking, and the market would go to zero, it is incredible, but it might happen if bitcoin dissapears, or if it just gets replaced.

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October 01, 2017, 09:24:02 PM
 #2475

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?
Do not be sure that this will happen. Most likely, bitcoin will always remain a favorite. Too many people, forces and money are involved in this.
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October 01, 2017, 09:46:32 PM
 #2476

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'm not be sure that this will happen. Most likely, bitcoin will always remain a favorite. Too many people, forces and money are involved in this.

Yes, Bitcoin will always be the number one. But the price will go so high that the poor will not afford to buy it. For rich people, they do not worry about buy and investing Bitcoin. They do not worry about buying some mining rigs for Bitcoin, because they a lot of money.

But for people like me will need to collect Bitcoin in order to get some money. People like will choose to mine other cryptocurrency because it will be easier and do not have many competitors unlike Bitcoin. So, that is the different between rich people and poor people. That is the replacement I'm talking about.
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October 01, 2017, 10:05:12 PM
 #2477

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'm not be sure that this will happen. Most likely, bitcoin will always remain a favorite. Too many people, forces and money are involved in this.

Yes, Bitcoin will always be the number one. But the price will go so high that the poor will not afford to buy it. For rich people, they do not worry about buy and investing Bitcoin. They do not worry about buying some mining rigs for Bitcoin, because they a lot of money.

But for people like me will need to collect Bitcoin in order to get some money. People like will choose to mine other cryptocurrency because it will be easier and do not have many competitors unlike Bitcoin. So, that is the different between rich people and poor people. That is the replacement I'm talking about.

Could be that the Bitcoin will be raplced by the ethereum, as the Vitalik is working so hard on that system. Vitalik trying to scale the ecosystem of ethereum so big as the Visa system and ect.
So there is no real answer which cryptocurrency will cost higher after few years. It's all depends on the technologies and the protocol.

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October 01, 2017, 10:37:43 PM
 #2478

Ether - this is the only competitor bitcoin at this time. He has no more competitors. I think this will be in the future.
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October 01, 2017, 10:42:56 PM
 #2479

Nope, the reply has been posted by a lot of users too, but bitcoin can not be replaced in just matter of days or even months. It has been the first cryptocurrency and it can not be replaced, what would happen to the other cryptos if bitcoin dissappears? everybody would be panicking, and the market would go to zero, it is incredible, but it might happen if bitcoin dissapears, or if it just gets replaced.


I bet this thread is asking if it can be replaced regardless of time meaning it can be whenever e.g. after 20years although with its current situation right now i also think that a

month is not possible. even if its the first cryptocurrency that doesn't guarantee that it will always triump among all of them so the possibility is always there. i really doubt that

bitcoin will disappear although its value might fall to cents if this happens then some cryptocurrency officially claimed the kings spot or worst cryptocoins might not be a thing

anymore.

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October 02, 2017, 01:37:22 AM
 #2480

EMC2 is getting nuts!!!  Shocked  ===>  x10 bagger rockinggg weeee


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