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Author Topic: Will Bitcoin be replaced by another cryptocurrency?  (Read 186362 times)
romero121
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October 22, 2016, 01:32:09 AM
 #681

Right now or in a short bitcoin will never be replaced by some other crypto currency or the altcoins, because bitcoin is the one which has grown high as well the long surviving digital currency. According to the way it's been developed, its been predicted that it lasts around 2150 year. So in my view, after this new coin with same potential of bitcoin might come with a new name.

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JITENDERPAR3
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October 22, 2016, 01:43:06 AM
 #682

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 , because bitcoin is father of all altcoin or other coins .
since some other coins may be more profitable and more expansive but our traditional use is in term of bitcoin only so it is not easy for another coin to repla the bitcoin .
overall it may be that new coin will comparable but can't replace it .
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October 22, 2016, 02:27:17 AM
 #683

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 , because bitcoin is father of all altcoin or other coins .
since some other coins may be more profitable and more expansive but our traditional use is in term of bitcoin only so it is not easy for another coin to repla the bitcoin .
overall it may be that new coin will comparable but can't replace it .
Bitcoin is the most popular digital currency in the world and we are here now to invest and use bitcoin for our daily transactions, it will not be replaced by any other crypto currency although there is a big chance, because I do not see any competition with bitcoin and altcoins now.
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October 22, 2016, 03:39:25 AM
 #684

That is impossible to happen because almost cryptocurrencies or altcoin are bitcoin based, the idea, and even functionalities and advantages or disadvantages are the same and most of all bitcoin is the most popular in crypto world. They made and release altcoins only for their purposes, and they even made alts for scamming people. Or even eth itself as the second bitcoin? Will never repalce bitcoin as the father of crytocurrencies.
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October 22, 2016, 03:45:43 AM
 #685

for now I'm not sure. today bitcoin is in the best position. maybe in the future bitcoin, could be replaced by other altcoin. but it's still too long.
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October 22, 2016, 04:34:54 AM
 #686

for now I'm not sure. today bitcoin is in the best position. maybe in the future bitcoin, could be replaced by other altcoin. but it's still too long.
I do not worry on that so much as long as what will replace is a crypto currency, actually I have made a little investment for some good altcoins based on my evaluation, if bitcoin will be replace by ETH and XMR then I would also make a good amount of profit then as the price when I bought it is not that expensive.

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October 22, 2016, 05:07:15 AM
 #687

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?
It would be really something is bitcoin would be taken over by some other crypto currency because bitcoin is at the moment the biggest one.
It would not make much sense if the more little one would take over Bitcoin.
I do not think there could be sure that, in addition to currency bitcoin crypto is the best and the biggest but it is likely to be replaced will probably continue to exist, because the new coin will continue to emerge and may be among them there are coin nicer and potential

Anything is possible in near future and if there is a new coin which holds better and unique features then bitcoin then in it will take no time for people to quit bitcoins and switch to new coin.

Highly doubt that, maybe in the next few years IF bitcoin doesn't take over much of the global businesses, then some may consider creating/adapting a new coin to replace bitcoin.

Bitcoin will not be replaced by any cryptocurrency. I believe that bitcoin is the most trustworthy coin and it is hard to make a coin to combat bitcoins. Even there will be coins much more precious than bitcoins but still it will be the standard altcoins. The rising of a new coin is an impossibility that can never happened.
yes i am also agree with you and that is a fact that bitcoin is not going to be replace by any other currency, as bitcoin is becoming more and more stronger as people are investing their money here.

That is true that people are investing their money in bitcoin at a moment but it will not take long time for people to switch to other coin if its giving more benefits to them in compare to bitcoins.
Absolutely, crypto very tight competition. Which will be the peak of its popularity is that continues to progress. Bitcoin is very likely to be superseded other crypo if not progress. If you can not compete bitcoin, bitcoin will die in the street.
Yes agree maybe one day there's a coin who will get interest of many investor and it will replace the bitcoin.
Yes possibility it could happen. But if bitcoin continues to grow, I believe bitcoin could cope with it and can continue to compete well. Bitcoin has grown so much, so unfortunately if half way bitcoin could not compete anymore.
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October 22, 2016, 07:20:41 AM
 #688

About the Microsoft are want to invest in the ethereum, and I guess that is a great bullshit in this time I just wanna for waiting about the reliable source of this statement. not about the blockchain of ethereum but the blockchain technology. many companies are want it.

Of course microsoft isn't going to invest in Ethereum. If that was really the case, the price would rocket up like there is no tomorrow. They might however invest in a group of developers where they purely look at improving the blockchain from Ethereum as technology.

Yes, 10x on marketcap... 10 billions x 1 billion

Here's some news about Microsoft and ETC https://news.bitcoin.com/microsoft-looks-rebel-ethereum-classic/

Microsoft is big because they know where to invest Wink

Microsoft surely knows where to invest in, but they have zero interest in the coin aspect of Ethereum. They are just interested in its blockchain, and that's it. Microsoft easily creates their own version of Ethereum's blockchain, and that without investing a single penny into Ethereum itself. Smiley

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October 22, 2016, 07:30:04 AM
 #689

There are no chance that bitcoin will be replaced by another cryptocurrency and bitcoin now stong and no one can defeat him if you are going to configuring out bitcoin will be more expensive by the time past and that really imposible if bitcoin will replace soon.

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October 22, 2016, 01:19:09 PM
 #690

There are no chance that bitcoin will be replaced by another cryptocurrency and bitcoin now stong and no one can defeat him if you are going to configuring out bitcoin will be more expensive by the time past and that really imposible if bitcoin will replace soon.

As we all know  that all things doesnt exist forever and   could able  to replace by a new one and thats reality because  things on this world had a cycle but  in the situation  of bitcoin we  could  really say that  it wont be replace  by any other  crypto because  as we all know that bitcoin is the father of all cryptos and  its impossible  for it  to be replaced  by some alts.

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October 22, 2016, 02:28:30 PM
 #691

Right now or in a short bitcoin will never be replaced by some other crypto currency or the altcoins, because bitcoin is the one which has grown high as well the long surviving digital currency. According to the way it's been developed, its been predicted that it lasts around 2150 year. So in my view, after this new coin with same potential of bitcoin might come with a new name.
Don't know why you think after all bitcoin get mined on 2150 other crypto can replace bitcoin, even when all bitcoin will be mined that is 21 million bitcoin network will be functioning as due to limited supply price will be high with growing demand of bitcoin.
And also talking about new coin with same potential of bitcoin, why we need another clone without nothing new and we already have lots of such clones and i don't think they have any potential to replace bitcoin.

 
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October 22, 2016, 11:53:57 PM
 #692

I am not sure that bitcoin could be replaced by other digital currencies. bitcoin digital currency is the first in the world. I still believe bitcoin will be used by everyone in the world and none of interference from other altcoin.

yeah bitcoin is bigger in compare to other digital currencies so I don't think that any other coin has potential to replace bitcoins and even if it happens then it will take long time.
I do not think it's today, perhaps you could say that it will not be happen because bitcoin is very strong and very large compared to other cryptocurrency ? but we do not know what will happen in the future right ? so it is very likely that in the future bitcoin could be replaced by other cryptocurrency that si more better #imo
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October 23, 2016, 12:16:41 AM
 #693

Probably not in the next 10 years. Ethereum took 2 years to come out ,and its just a pile of crap, with all the hacks and scams going on there. (not to mention the hardforks).

Best candidates would be:

LTC = Which is a copycat, so probably not

NMC = Which doesnt really serve as currency

MONERO = Probably high chance, but it doesnt even have a GUI wallet yet, so better make that come out first.


Other than that, there is no viable competitor to bitcoin ,and probably wont be for the next 2 years, and to beat bitcoin...? That would take a lot more than that!

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October 23, 2016, 04:37:09 PM
 #694

Probably not in the next 10 years. Ethereum took 2 years to come out ,and its just a pile of crap, with all the hacks and scams going on there. (not to mention the hardforks).

Best candidates would be:

LTC = Which is a copycat, so probably not

NMC = Which doesnt really serve as currency

MONERO = Probably high chance, but it doesnt even have a GUI wallet yet, so better make that come out first.


Other than that, there is no viable competitor to bitcoin ,and probably wont be for the next 2 years, and to beat bitcoin...? That would take a lot more than that!

How about ZCash? It seems it is not a copycat of the bitcoin and it has strong development team at the moment.
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October 23, 2016, 04:47:26 PM
 #695

Probably not in the next 10 years. Ethereum took 2 years to come out ,and its just a pile of crap, with all the hacks and scams going on there. (not to mention the hardforks).

i could ignore all the hard forks, the hacks and all that but there is no way i could ever ignore the fact that it is centralized and manipulated coin.

Quote
Best candidates would be:
LTC = Which is a copycat, so probably not
NMC = Which doesnt really serve as currency
MONERO = Probably high chance, but it doesnt even have a GUI wallet yet, so better make that come out first.

if any altcoin has any chance it is LTC because it is old, battle hardened and is being actively developed.
i am not really following NMC much but i agree with the Monero that it has a pretty good chance.

Quote
Other than that, there is no viable competitor to bitcoin ,and probably wont be for the next 2 years, and to beat bitcoin...? That would take a lot more than that!

i don't get it, why does anything has to "beat" bitcoin

to the moon with bitcoin...
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October 24, 2016, 03:26:05 AM
 #696


How about ZCash? It seems it is not a copycat of the bitcoin and it has strong development team at the moment.

I had positive feelings about it for some time, but I have read some articles, and I have changed my mind on it.

ZCash is so privacy protected that you cant even know how many coins exists or if there is a backdoor in the code.

Not a very good concept, if there is no public transparency.


i could ignore all the hard forks, the hacks and all that but there is no way i could ever ignore the fact that it is centralized and manipulated coin.

And it has sheep nodes, that agree with everything the development says without questioning.


Quote

if any altcoin has any chance it is LTC because it is old, battle hardened and is being actively developed.
i am not really following NMC much but i agree with the Monero that it has a pretty good chance.

Probably, but I have nopes for NMC too, it's just that it's very slowly developed.

I hate the fact that monero doesnt have a GUI wallet, i wont even try it before they give out a GUI wallet, and it's shameful that they expect everyone to use a shitty command line interface. It wont work like that. So monero wont have any chance until they make it more user friendly.




Quote

i don't get it, why does anything has to "beat" bitcoin

It means to steal away the market cap.

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October 24, 2016, 06:04:56 AM
 #697

it seems impossible in the present time but who know what exactly would happen in the future , there's always a chance to replace bitcoin but they can never make the same feature . it can never be replaced until the bitcoin mining and blockchain would go down .
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October 24, 2016, 06:36:38 AM
 #698

Probably not in the next 10 years. Ethereum took 2 years to come out ,and its just a pile of crap, with all the hacks and scams going on there. (not to mention the hardforks).

Best candidates would be:

LTC = Which is a copycat, so probably not

NMC = Which doesnt really serve as currency

MONERO = Probably high chance, but it doesnt even have a GUI wallet yet, so better make that come out first.


Other than that, there is no viable competitor to bitcoin ,and probably wont be for the next 2 years, and to beat bitcoin...? That would take a lot more than that!
i would like to nominate litecoin instead any other cryptocurrency ,
they have a very strong community and did not often lost too much value ,
even you must realize that the chance this thing to happened very low ,
bitcoin are too big to be replaced.
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October 24, 2016, 06:50:12 AM
 #699

Probably not in the next 10 years. Ethereum took 2 years to come out ,and its just a pile of crap, with all the hacks and scams going on there. (not to mention the hardforks).

Best candidates would be:

LTC = Which is a copycat, so probably not

NMC = Which doesnt really serve as currency

MONERO = Probably high chance, but it doesnt even have a GUI wallet yet, so better make that come out first.


Other than that, there is no viable competitor to bitcoin ,and probably wont be for the next 2 years, and to beat bitcoin...? That would take a lot more than that!
i would like to nominate litecoin instead any other cryptocurrency ,
they have a very strong community and did not often lost too much value ,
even you must realize that the chance this thing to happened very low ,
bitcoin are too big to be replaced.

The Monero is too different from the bitcoin. It uses totally different technology. Its blocks are bloating fast.
goldcoinminer
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October 24, 2016, 06:51:58 AM
 #700

Probably not in the next 10 years. Ethereum took 2 years to come out ,and its just a pile of crap, with all the hacks and scams going on there. (not to mention the hardforks).

Best candidates would be:

LTC = Which is a copycat, so probably not

NMC = Which doesnt really serve as currency

MONERO = Probably high chance, but it doesnt even have a GUI wallet yet, so better make that come out first.


Other than that, there is no viable competitor to bitcoin ,and probably wont be for the next 2 years, and to beat bitcoin...? That would take a lot more than that!
i would like to nominate litecoin instead any other cryptocurrency ,
they have a very strong community and did not often lost too much value ,
even you must realize that the chance this thing to happened very low ,
bitcoin are too big to be replaced.

The Monero is too different from the bitcoin. It uses totally different technology. Its blocks are bloating fast.
I would choose monero all day, we have witness already that the community are capable of making the price of monero high and that only prove this asset is very valuable, in fact we can buy monero now at its cheap price and make profit one's it will start to rise again.
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