Will Bitcoin be replaced by another cryptocurrency?

[jostorres]

Well its a normal human nature that we always switch too the best option just like we switch from the faint money system to this vertual money system but i don't think i will leave bitcoin usage just from any altcoin because its priced crossed bitcoin price

There are definitely some "better" types of cryptocurrencies, or ones that have more features or extend upon the features offered by Bitcoin, but even though they are classed as "better" it doesn't really mean much if they can't get a following that is interested in keeping the crypto alive beyond speculation.

The price of Monero rose more than 120% in the last few days. It is a good coin with anonymity, It might replace bitcoin.

are you kidding ..?? . Monero is indeed good enough in the growth first appears, but do you not worry about such growth is actually just a bot. ..?? . You can't give something without any considerable time in crypto appeared, I think you still need to learn about existing crypto

Monero is good but we need to accept the fact that it will remain an altcoin, it will never replace bitcoin because there are more supporters of bitcoin than monero. The simple math is more and more adopters and coming to bitcoin on a daily basis it will be a big number in the future.

Monero is just another crypto-currency, but I highly doubt it has enough backing behind it to trump bitcoin. I really don’t think any other altcoin can beat bitcoin at this moment. With my little knowledge, I do not expect any tough competitor from altcoins.

But there is a possibility, if something is newly created from scratch (not from bitcoin's basics) and that too have enough facilities to overcome bitcoin's. I guess in near future it will not be possible unless aliens are not ready to help on this.

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[mindrust]

I used think that was possible but now i see that it is not. Because no crypto currency will have the same natural distribution as bitcoin. That is unless bitcoin fcks something up very very badly. If not, bitcoin will always stay as the no:1.

[mike77777]

yes by peercoin

[BitFinnese]

I used think that was possible but now i see that it is not. Because no crypto currency will have the same natural distribution as bitcoin. That is unless bitcoin fcks something up very very badly. If not, bitcoin will always stay as the no:1.

I disagree with you about the distribution part.  In its early  day only a few people are mining bitcoin.  so basically majority of bitcoin is owned by some people.  So i think the distribution pattern is the same with altcoin.  Anyway i think if there  is  a coin that will surpass bitcoin  base user  then it will most likely to replace bitcoin. As of now i have seen none yet.

[Trustme2016]

i dont think bitcoin will be replaced by other cryptocurrencys only if the other are more interested to make money with but i dont think there would come another cryptocurrency because the bitcoin is not here for long time.

[TastyChillySauce00]

I used think that was possible but now i see that it is not. Because no crypto currency will have the same natural distribution as bitcoin. That is unless bitcoin fcks something up very very badly. If not, bitcoin will always stay as the no:1.

you are right,even the most used altcoin are still using bitcoin as their base currency,in every exchangers site you will see the value of altcoin to bitcoin,that's clearly mean that the altcoin still count on bitcoin,when bitcoin's price just drop,so does with the altcoin,except there's some pump

[mindrust]

I used think that was possible but now i see that it is not. Because no crypto currency will have the same natural distribution as bitcoin. That is unless bitcoin fcks something up very very badly. If not, bitcoin will always stay as the no:1.

I disagree with you about the distribution part.  In its early  day only a few people are mining bitcoin.  so basically majority of bitcoin is owned by some people.  So i think the distribution pattern is the same with altcoin.  Anyway i think if there  is  a coin that will surpass bitcoin  base user  then it will most likely to replace bitcoin. As of now i have seen none yet.

But only a handful of those miners are still holding their bitcoins. Most of them sold their bitcoins for a pizza. As the price rises, the more they dumped. That's why i tell you it was a natural distribution. If you predicted that bitcoin would reach 1000$ or even 500$ in the future would you buy a pizza for thousands of bitcoins?

For those who still hold their coins from the start, well they won the lottery. They deserved it well.

With new altcoins, now everybody holds them as many as they can while they are cheap. And they exactly know what's going to happen when the ride is over. Thats not natural at all.

[richardsNY]

I used think that was possible but now i see that it is not. Because no crypto currency will have the same natural distribution as bitcoin. That is unless bitcoin fcks something up very very badly. If not, bitcoin will always stay as the no:1.

Bitcoin itself works perfectly fine and will continue to do so. The only thing that can mess up Bitcoin, are the people (in this case the devs). As long as that doesn't happen, then there is nothing to worry about.

[ethereumhunter]

bitcoin can not be replaced in anything, all cryptocurrency, because in my opinion, every crypto currency has unique in the foundations and its can not compare each other and we all know, bitcoin is a like mother, and other cryptocurrency is like the child.

but its maybe happen if bitcoin has something bad happen, i can't give example. so for time to time, bitcoin will be bitcoin, and other crypto currency will be crypto currency.

[skysblu]

The price of Monero rose more than 120% in the last few days. It is a good coin with anonymity, It might replace bitcoin.

I highly doubt that. We see huge spikes and falls on daily basis on many alt coins, and this 120% rise in price would probably be another pump and dump attempt.

I too don’t think this would be possible. Currently bitcoin is the strongest cryptocurrency and it will continue to be the number one crypto currency. It was the first of its kind to take off and hasn’t failed once since it’s release!

of course it is not possible that bitcoin is going to be replaced, all the crypto trading is literally set around bitcoin and without it it wouldnt be possible

[Whtwabbit]

The price of Monero rose more than 120% in the last few days. It is a good coin with anonymity, It might replace bitcoin.

I highly doubt that. We see huge spikes and falls on daily basis on many alt coins, and this 120% rise in price would probably be another pump and dump attempt.

I too don’t think this would be possible. Currently bitcoin is the strongest cryptocurrency and it will continue to be the number one crypto currency. It was the first of its kind to take off and hasn’t failed once since it’s release!

of course it is not possible that bitcoin is going to be replaced, all the crypto trading is literally set around bitcoin and without it it wouldnt be possible

All it would need is a coin to be worth 1.(something) with around the same maximum coins minted, and Bitcoin would become No.2 on the marketcap  its not that unbelievable, I mean we have flying cars now, oh wait....

[lavapits]

The price of Monero rose more than 120% in the last few days. It is a good coin with anonymity, It might replace bitcoin.

I highly doubt that. We see huge spikes and falls on daily basis on many alt coins, and this 120% rise in price would probably be another pump and dump attempt.

I too don’t think this would be possible. Currently bitcoin is the strongest cryptocurrency and it will continue to be the number one crypto currency. It was the first of its kind to take off and hasn’t failed once since it’s release!

of course it is not possible that bitcoin is going to be replaced, all the crypto trading is literally set around bitcoin and without it it wouldnt be possible

well it is actually possible if people would start selling all their bitcoins then in my opinion other currencies then could rise up

[kaomaxx]

bitcoin is the mother of all Crypto currencies so I don't think it can die and leave other altcoins alive.....
bitcoins are here to inspire all altcoins out there...

[serjent05]

bitcoin is the mother of all Crypto currencies so I don't think it can die and leave other altcoins alive.....
bitcoins are here to inspire all altcoins out there...

I agree, and I think there will be no  cryptocurrency at this point that can replace bitcoin.  Comparatibly, most of this altcoin are just pump and dump coin, and not even one come close to bitcoin useability, adoptibility, user base and alot more.  So no alternae cryptocurrenncyt can replace bitcoin for onemain readasoon, people adoption.

[socks435]

bitcoin is the mother of all Crypto currencies so I don't think it can die and leave other altcoins alive.....
bitcoins are here to inspire all altcoins out there...

I agree, and I think there will be no  cryptocurrency at this point that can replace bitcoin.  Comparatibly, most of this altcoin are just pump and dump coin, and not even one come close to bitcoin useability, adoptibility, user base and alot more.  So no alternae cryptocurrenncyt can replace bitcoin for onemain readasoon, people adoption.

We can not sure that anytime that bitcoin will be crash.. so it can be still possible to happen.. i know many people can say that its impossible to happen but we are not fortune teller that what will happen for bitcoin.. so anytime some altcoin can replace altcoin ..

[neonshium]

The price of Monero rose more than 120% in the last few days. It is a good coin with anonymity, It might replace bitcoin.

I highly doubt that. We see huge spikes and falls on daily basis on many alt coins, and this 120% rise in price would probably be another pump and dump attempt.

Yeah a lot of people just take advantage of altcoins because the price is so volatile, it can be easy to manipulate and make a profit if you know what you’re doing. other than these, I do not find any advantage of altcoins. So, they are never a threat to bitcoin. Bitcoin will never be replaced by any altcoins.

[ekoice]

i dont think that bitcoin will be easily replaced. bitcoin has been created by satoshi nakamoto very systematically that its very difficult to be replaced. it has been successfully accepted over past seven years.bitcoin has got good credibility.

[Yakamoto]

i dont think that bitcoin will be easily replaced. bitcoin has been created by satoshi nakamoto very systematically that its very difficult to be replaced. it has been successfully accepted over past seven years.bitcoin has got good credibility.

There are definitely altcoins that are able to do some things better than Bitcoin can, but due to the lack of a community backing the altcoins it is typically increasingly difficult for the alts to gain any foothold within the community before it turns into a pump and dump from speculators. There is very little chance that a new alt would be able t succeed in the first place.

[mobilestrike]

No, it is not possible that any other crypto currency will replace bitcoin, bitcoin is a master crypto currency and people believe on other crypto currency because of bitcoin, without bitcoin no other altcoin will survive and no other crypto currency have the potential to go faster than bitcoin.

[harizen]

i dont think that bitcoin will be easily replaced. bitcoin has been created by satoshi nakamoto very systematically that its very difficult to be replaced. it has been successfully accepted over past seven years.bitcoin has got good credibility.

There are definitely altcoins that are able to do some things better than Bitcoin can, but due to the lack of a community backing the altcoins it is typically increasingly difficult for the alts to gain any foothold within the community before it turns into a pump and dump from speculators. There is very little chance that a new alt would be able t succeed in the first place.

I don't believe in that. Altcoins are made for one purpose and that is not to replace bitcoin but rather for profit purposes. If in the first place the purpose was to beat what bitcoin can do, why the main purpose is to kick it's price? Yes price really matters for community to hug that altcoin then just think of the technology later, but the difference is, in most of the alts, no such thing of that kind of purpose are exposed even with those alts that running for couple of years now.