Will Bitcoin be replaced by another cryptocurrency?

[Moneroman88]

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?

[1714935221]

1714935221

[Lauda]

To believe (e.g. to be certain) something like that does not make rational sense. To say that is a statistic probability makes much more sense. However, this has been discussed over and over again. In order for the cryptocurrency space to thrive, it would be most suitable if there were multiple coins at the top and not just one (as currently Bitcoin is). Nobody can say that either one will happen for sure; they would only be speculating.

[calkob]

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.

[shinratensei_]

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?

You can think again, Does bitcoin replaced by another cryptocurrency. Maybe you already know the answer.  One main reason bitcoin is a mother of another cryptocurrency it's difficult to replace it for now . but nothing is impossible.

[unamis76]

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.

[monsanto]

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 ) there would be a greater chance of radical changes being implemented in the bitcoin protocol.  So it might continue but in a changed form.

[yayayo]

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?

No, it won't be Monero...

Since nothing lasts forever it is of course possible that Bitcoin will be replaced some day. The question is it likely to be replaced by another cryptocurrency or will it be replaced by an entirely new concept? I think if a new system replaces Bitcoin it must have highly significant advantages over Bitcoin that come close to the paradigm shift that Bitcoin represents compared to the existing fiat money system.

The reason why I don't believe that Bitcoin is replaced easily by another cryptocurrency is its significant network effect that is the result of having the biggest user base. Bitcoin had a first mover advantage. That advantage can not be easily reversed.

ya.ya.yo!

[MingLee]

Bitcoin itself won't be taken over/replaced by a different cryptocurrency unless there is some major shift with the cryptosphere or a lot of the fiat financial systems start to move into cryptos and everyone pushes for a new one.

Bitcoin can change and be modified, but there's a very small chance that Bitcoin will be replaced in the foreseeable future.

[chennan]

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 ) 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.

[Hazir]

I believe that Bitcoin will be in the end replaced by some sort of more advanced digital money system. I am certain of it.
But most likely we won't see this change during our lifetime. I expect bitcoin to be alive and kicking for at least 50+ years.

Worrying about bitcoin's potential replacements and altcoins which can be viewed as BTC 2.0 is dumb idea anyway.

[wintermeasures]

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?

In my view such a thing could happen, especially if bitcoin scam (I do not expect this happen). And I think that will replace bitcoin is ETHEREUM because the price . thank you

[mapolevault]

Although Bitcoin is slowly growing in popularity, despite all of its various problems, there remains a certain psychological security in a currency held in one's hand. Moreover, fears of hacking, viruses, and other attacks on the entire financial foundation of a nation via purely digital means will likely make most nations slow to adopt such a form of currency.

[marcuslong]

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.

[tokeweed]

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?

In my view, BTC will eventually be replaced as the number 1 crypto in terms of market cap.  But that's it...  I wouldn't go too far by saying that Bitcon will eventually die anytime soon.

[ning_chang]

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?

Bitcoin will never be replaced by other cryptocurrency. Bitcoin is the mother cryptocurrency, Therr will br no other currency if bitcoin wont invented. Litecoin is 2nd to bitcoin in cryptocurrency. And lite coin is too far from bitcoin so it will never replace it

[chaser15]

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?

Does it make sense to believe? Depends on your current stand on that question. If you think yes then you can speculate that way, then if you think no same goes as well.

Take an example of some fantards of ETH when the price surged to that crypto, they think because of that it can replace bitcoin without putting some technical and nice analyzation before stating such. All in all like Lauda stated, speculation.

[BitTyro]

Although bitcoin has some issues that needs to be address, I don't see any reason on why would bitcoin be replaced by another cryptocurrency. Not unless, the existing user base of bitcoin will totally lost confidence on bitcoin and an exodus to another crypto will happen, then bitcoin will be here to stay. Some cryptocurrency may reach the popularity of bitcoin as it has today, but it would just co-exist with bitcoin. More like friendly competition.

[Ains_sama]

dollar replace gold
bitcoin replace dollar
new currency replace bitcoin

[Edwardard]

i dont think that wiill happen. it is not possible for other cryptocurrency to replace btc. bitcoin is gone far above other cryptos.

[avikz]

Nothing is impossible, but it is a very hard job to replace bitcoin by any other crypto currency because bitcoin is pioneer in the crypto world. Bitcoin showed the world what crypto currency is.

So it will not be an easy task to replace the pioneer. But you never know.