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Author Topic: Will Bitcoin be replaced by another cryptocurrency?  (Read 185471 times)
susuberuang
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November 08, 2017, 01:54:27 AM
 #2961

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?

may happen when bitcoin fails the system and causes huge losses, but it seems that it is difficult because bitcoin in the movement by blockchain always improves its technology and always be careful in developing its system.
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November 08, 2017, 02:45:07 AM
 #2962

I believe that it will happen sooner. There are a lot of ICO projects that fulfill the qualities lacking in bitcoin like the transaction speed and the transaction fees. Bitcoin users always complains about these problems and if this doesn't get resolved sooner, an altcoin will take its place.
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November 08, 2017, 02:58:49 AM
 #2963

Whatever may happen in the future, now a lot of emerging new crypto currency, everything is a competitor. But I think Bitcoin will always be another crypto-crypto parent, because until now no one can offset the price of Bitcoin. it will be hard to beat the bitcoin at this time and in the future.
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November 08, 2017, 03:11:15 AM
 #2964

No matter how strong and powerful bitcoin is, it will be replaced by altcoins in the future, nothing can last forever, but that day is not coming yet, bitcoin will rise more and more, become the most valuable coin on this crypto market.

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November 08, 2017, 03:15:58 AM
 #2965

disruptors are always disrupting the disruptive market in all the wonders the world of finances has to offer

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November 08, 2017, 07:02:07 AM
 #2966

No matter how strong and powerful bitcoin is, it will be replaced by altcoins in the future, nothing can last forever, but that day is not coming yet, bitcoin will rise more and more, become the most valuable coin on this crypto market.
Maybe after a hundred years, bitcoin will be replaced by another type of cryptocurrency but as of now it is not happening and there is still a lot of things that happen in bitcoin and it is impossible to be replace right now because bitcoin is the strongest cryptocurrency and you can see that there is no chance for any altcoins to stand against bitcoin.

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November 08, 2017, 07:07:49 AM
 #2967

I think yes. It is going to be an altcoin with more possibilities for example Etherium. It has smart contracts in it, it is faster and cheaper. Maybe it is going to be another altcoin but i think ine day the domination of bitcoin will fall.

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November 08, 2017, 07:12:11 AM
 #2968

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 are a lot of alternatives now. And one of the alternatives, when bitcoin is over can take its place, it's without a doubt. Within 5 years, the resources will be exhausted and they will be traded in the market, here and very different people will come out on top.
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November 08, 2017, 07:27:46 AM
 #2969

Yes of course, possible. Traditional currencies like gold, silver precious stones get replaced by printed coins and currency notes. Drawbacks/ limitations of these get overcome by introduction of electronic / digital currencies. These currencies are more popular due to their decentralised, peer to peer exchange nature. Bitcoin as a crypocurrency become the fastest growing currency in very short period of time. But bit coin also have some drawbacks. Quantity of bitcoins in circulation are restricted, because of this bitcoin is more volatile in nature. Its decentralised nature compelled some nations to stops bitcoins operations. Maybe tomorrow a new currency by overtaking all the disadvantages of bitcoin arise. 

 
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November 08, 2017, 07:52:19 AM
 #2970

i think now other cryptocurrency can replace bitcoin on the top, because its already the one has been recognize, and soon it will coquer the world
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November 08, 2017, 07:57:30 AM
 #2971

I think bitcoin cannot be a usable cryptocurrency, rather a store of value or investment. bitcoin transactions are expensive, the supply is limited, it will not replace fiat in everyday life. ETH or ripple might do that.

I missed the BTC train Sad donate bitcents: BTC:1CWpbYGZVmC14zqLgNmnU8R8CbM9dbx4CY ETH:0x546A87681f70929634236Ad243AE4722A5CbDcC6
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November 08, 2017, 08:15:22 AM
 #2972

I think bitcoin cannot be a usable cryptocurrency, rather a store of value or investment. bitcoin transactions are expensive, the supply is limited, it will not replace fiat in everyday life. ETH or ripple might do that.

LOL.. you think that ETH or XRP will be able to do what BTC is unable to do? Without Bitcoin, these currencies will be worthless. I agree with you that Bitcoin transactions have become quite expensive now. But your second argument (limited supply) is just ridiculous. Limited supply increases the value of Bitcoin and makes it more attractive to everyone.

 
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November 08, 2017, 08:20:28 AM
 #2973

it depends on the population who will use an alternative coin that can surpass the btc it always depend on supply and demand.

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November 08, 2017, 08:49:16 AM
 #2974

I think bitcoin cannot be a usable cryptocurrency, rather a store of value or investment. bitcoin transactions are expensive, the supply is limited, it will not replace fiat in everyday life. ETH or ripple might do that.

LOL.. you think that ETH or XRP will be able to do what BTC is unable to do? Without Bitcoin, these currencies will be worthless. I agree with you that Bitcoin transactions have become quite expensive now. But your second argument (limited supply) is just ridiculous. Limited supply increases the value of Bitcoin and makes it more attractive to everyone.
As a money storage, investment etc, but not as a currency to buy groceries. Its like proposing we introduce gold as currency again. One of the the main causse for the great economic progress in the past decades is because money was printed (actually coded) out of nothing.

I missed the BTC train Sad donate bitcents: BTC:1CWpbYGZVmC14zqLgNmnU8R8CbM9dbx4CY ETH:0x546A87681f70929634236Ad243AE4722A5CbDcC6
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November 08, 2017, 12:55:19 PM
 #2975

at this fee it appears like t's already taking place proper now.bitcoin is getting rid of market share at a speedy rate.
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November 08, 2017, 02:22:59 PM
 #2976

Our Big Brother Bitcoin, let it be the gateway to the Cryptoworld Cheesy
So I don't think Bitcoin will be replaced by any other cryptocurrency Smiley Smiley

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November 09, 2017, 01:21:25 PM
 #2977

I think everything can happen, now bitcoin looks perfect and leads the market share cryptocurrency, but it is possible that someday there will be better coins than bitcoin so that automatically bitcoin replaced.


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November 09, 2017, 02:06:00 PM
 #2978

I think nothing is impossible,maybe in the future bitcoin will be replaced with other currency,but not so easy because bitcoin is the pioneer of currency.
So Bitcoin will not be replaced with easily,but we never know whether later in the future the  bitcoin will be replaced with another ? and I hope the bitcoin will never be replaced because Bitcoin is everything to me.

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Swopon
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November 09, 2017, 02:08:54 PM
 #2979

I think that's impossible.Bitcoin faced a very hard time to reach at this stage.And now bitcoin is no.1 crypto currency.There's no other altcoin that they will beat bitcoin and sit on no.1 position.
So bitcoin will never be replaced by another crypto currency

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November 09, 2017, 02:13:35 PM
 #2980

I think that's impossible.Bitcoin faced a very hard time to reach at this stage.And now bitcoin is no.1 crypto currency.There's no other altcoin that they will beat bitcoin and sit on no.1 position.
So bitcoin will never be replaced by another crypto currency

Look at Myspace before Facebook or Yahoo before Google. Nobody can predict anything, it was a big surprise for us that the fork was cancelled. But this is completely different scale. Bitcoin could have been replaced but the technology it brought is here to stay. I am not talking about next 3 years but more like 20.
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