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Author Topic: Will Bitcoin be replaced by another cryptocurrency?  (Read 185471 times)
parassinghal
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December 06, 2017, 03:04:35 PM
 #3361

Yes it can be also possible that bitcoin can be replaced by any other cryptocurrency. But if you see the statistics then it seems to be very difficult for any other crptocurrency to replace  bitcoin.

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December 06, 2017, 03:06:23 PM
 #3362

It's possible, i think the best Cryptocurrency isn't the Bitcoin but something else. Maybe it's already there and just sitting in the corner waiting for lucky investors.

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December 06, 2017, 03:09:04 PM
 #3363

There will always be a possibility for that to happen but still bitcoin will remain on top for a long period of time.

Bitcoin isn't even the strongest, the most secure, faster or the best. Something else that could beat Bitcoin in al aspects of an ideal Cryptocurrency that could carry all the features that people would like to see and experience. Not now, not today but snot forever, Bitcoin will be part of the history then.

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December 06, 2017, 03:11:55 PM
 #3364

at this time I think it is impossible to happen because the distance of bitcoin price with altcoin is now very far away. may happen if fiat money is not used at all because pumping of altcoin is sure to happen on a large scale.

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December 06, 2017, 03:18:28 PM
 #3365

I think theres no cryptocurrency can replace bitcoin,but who knows,because we are living in a dynamic world,and if it is,we are greatful for that and im pretty sure im going to invest on it
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December 07, 2017, 06:42:38 AM
 #3366

It can happen only if people stop using the bitcoin and start using other crypto currency. The demand will be decrease and supply would high. Which can cause the  bitcoin could be down. But i think its impossible since everyone like it. Bitcoin is the mother of all crypto currency. Even those people who are involve with other Crypto currency move to bitcoin because it gives much benefits as compare to other coins.

I don’t think so that any other crypto has much potential to replace bitcoin because main thing is user circle and the people who are already on bitcoin will never switch to the new emerging coin and the main thing is will any other coin give profit and eases like bitcoin and what is the surety that people will accept that coin as they are praising bitcoin so it’s useless to say that any of coin will come near to bitcoin ever.
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December 07, 2017, 07:56:33 AM
 #3367

Nothing is impossible, It may happen in future but definitely not now.

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December 07, 2017, 09:14:15 PM
 #3368

It can happen only if people stop using the bitcoin and start using other crypto currency. The demand will be decrease and supply would high. Which can cause the  bitcoin could be down. But i think its impossible since everyone like it. Bitcoin is the mother of all crypto currency. Even those people who are involve with other Crypto currency move to bitcoin because it gives much benefits as compare to other coins.

I don’t think so that any other crypto has much potential to replace bitcoin because main thing is user circle and the people who are already on bitcoin will never switch to the new emerging coin and the main thing is will any other coin give profit and eases like bitcoin and what is the surety that people will accept that coin as they are praising bitcoin so it’s useless to say that any of coin will come near to bitcoin ever.
If you want to talking about the technology or platform between cryptocurrencies, I can say no crypto is perfect all.
Ethererum, Bitcoin, Monero, Dash, Ripple, Litecoin or other potentital altcoins can not be the best or strongest crypto.
It can happens in a cycle, but it does not mean will be forever.

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hamza1044
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December 07, 2017, 10:02:24 PM
 #3369

no this is impossible , i think there no cryptocurrency can replaced the bitcoin in any case bitcoin will be in the first of martket because the bitcoin is the king of crypto .

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LETme
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December 07, 2017, 10:06:01 PM
 #3370

No or maybe, to surpass bitcoin is very difficult task but for now i cant predict what will happen because in my observation no other cyrpto has a potential to match bitcoin in terms of popularity and demand.
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December 07, 2017, 10:07:44 PM
 #3371

Maybe in the future, because in every year the number of ppl who lost their keys get grow

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December 07, 2017, 10:12:04 PM
 #3372

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?

Long ago, nobody even didn't expect that there will be a currency that will punch dollars. And know you see a new currency (not from the same categories) punch the dollars
Maybe in the future, there will be a new currency  (maybe its not cryptocurrency) because if from the same categories
So maybe these currencies came from a new technique, no matter digital or what

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December 07, 2017, 10:34:52 PM
 #3373

That is difficult to say, hope eth will go the same path.
mcan
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December 07, 2017, 10:36:58 PM
 #3374

yes , it will
akashark
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December 07, 2017, 10:52:52 PM
 #3375

Everything can be possible in the crypto world. I remember, About 2 months ago when bitcoin's price fell down suddenly, and it was 2900 USD per BTC. That time many people were telling that bitcoin will vanish very soon. But now, Bitcoin is ruling. But I believe bitcoin can't be replaced by any others coin. Bitcoin has reached a milestone target by hard struggling.

andylioe78
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December 07, 2017, 11:05:55 PM
 #3376

You wonder if bitcoin can be replaced with other crypto for now. Maybe you already know the answer. One of the main reasons for bitcoin is the first of other cryptococcus, it is difficult to replace it in the near future at this time. but nothing is impossible.
dbutp
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December 07, 2017, 11:07:44 PM
 #3377

that can happen. The old one will disappear and new ones will appear. Butcoin is a pioneer in the field of virtual currency, it is limited, I think there will be better, more complete, more beneficial cryptocurrens replacing bitcoin.
 

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ihsanskanzaone
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December 07, 2017, 11:12:16 PM
Last edit: December 07, 2017, 11:23:42 PM by ihsanskanzaone
 #3378

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?

Yes, although if Bitcoin was going to be obsoleted (yes, a real word Grin) there would be a greater chance of radical changes being implemented in the bitcoin protocol.  So it might continue but in a changed form.

If they were to be way too radical, though, that would cause a lot of people to feel uneasy about keeping all of there funds in bitcoin... this is when you will see the scenario that there will be two or three coins at the very top in terms of pricing, but people seem to not realize that the price of something doesn't always mean that it is the best.  I mean a lot of the time the arguments forbitcoin is that it is simply higher in price, and their argument has nothing to do with the technical aspects of bitcoin.. which is really silly in my mind.

It's a silly thing to talk about bitcoins being replaced by other coins as bitcoin prices continue to rise above $ 15,000 and leave away other coins. but even if that happens there must be someone who has great strength and influence over bitcoin and intends to drop bitcoin because it is very unlikely that other coins can replace bitcoin in the hearts of bitcoin users after they get a big profit from bitcoin.
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December 08, 2017, 12:11:42 PM
 #3379

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?

Yes, although if Bitcoin was going to be obsoleted (yes, a real word Grin) there would be a greater chance of radical changes being implemented in the bitcoin protocol.  So it might continue but in a changed form.

If they were to be way too radical, though, that would cause a lot of people to feel uneasy about keeping all of there funds in bitcoin... this is when you will see the scenario that there will be two or three coins at the very top in terms of pricing, but people seem to not realize that the price of something doesn't always mean that it is the best.  I mean a lot of the time the arguments forbitcoin is that it is simply higher in price, and their argument has nothing to do with the technical aspects of bitcoin.. which is really silly in my mind.

It's a silly thing to talk about bitcoins being replaced by other coins as bitcoin prices continue to rise above $ 15,000 and leave away other coins. but even if that happens there must be someone who has great strength and influence over bitcoin and intends to drop bitcoin because it is very unlikely that other coins can replace bitcoin in the hearts of bitcoin users after they get a big profit from bitcoin.
I don't think so, at least, in some fields, Bitcoin not useful for using and apply to working. Example ICO and crowdsale, if you want to create an ICO through Bitcoin, you have to own a platform and system can manage the amount of Bitcoin from user and know those who bought token through Bitcoin. But with Ethereum, all things become easilier than Bitcoin, you just need to create a smart contract, then, it will be automatic.



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December 08, 2017, 12:47:56 PM
 #3380

In my opinion, sooner or later this change will take place in the cryptocurruncy's market !
In fact, there is a therie proving that every virtual currency once equal a certain level of value will explode and loss all its value. Which is very logical because in our life all follows the gossian curve more precisely : weakness ->  strength ->  weakness.
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