Will Bitcoin be replaced by another cryptocurrency?

[Harlot]

I don't think its still possible for another cryptocurrency to overtake Bitcoin, as the market share of Bitcoin is a lot greater than other altcoin out there. Also even if they are better than Bitcoin in terms of security and quantity it is hard for them to increase in value because  Bitcoin is still dominating. Also its still hard for Bitcoin to be introduce in local businesses what more for a new and untested altcoin.

[clickerz]

It all depends on the technological advancement of the new digital currency and if bitcoin's blockchain has too many problems and becomes to cumbersome and slow. Many factors will determine this in the future but for now I believe Bitcoin will dominate for the next 15/20 years but that's just my 2 bit lol.

Yes, there are many factors to consider and if bitcoin will stop innovating. But at this rate, bitcoin is also keeping up with technology, and also other coin are keeping with innovation. So can not tell,who will offer a better option in the future that public might support it.

[Westinhome]

for the moment I do not see the potential of other coins that can replace bitcoin. but someday it will happen, because there may be coins easier to obtain and use of the bitcoin. maybe if there is a coin like that, seekers bitcoin will begin to focus on the coin, and most likely, the coin will replace bitcoin

A few days ago, it seems that the bitcoin could be replaced by the ZCash. But ZCash is dropping very fast.

[goldcoinminer]

for the moment I do not see the potential of other coins that can replace bitcoin. but someday it will happen, because there may be coins easier to obtain and use of the bitcoin. maybe if there is a coin like that, seekers bitcoin will begin to focus on the coin, and most likely, the coin will replace bitcoin

A few days ago, it seems that the bitcoin could be replaced by the ZCash. But ZCash is dropping very fast.

Yeah, because it was just the hype that makes the Zcash rise, now investors are jumping and most likely will create panic selling. Bitcoin cannot be replace as it is more stable and it was tested through times, we will not make a price a bubble anymore and the recent price surge was due to real demand.

[serjent05]

Possible if -
1) More anonymity than bitcoin
2) Mining opportunities for individuals

I don't think this two option will replace bitcoin when it comes to mass adoption / or mostly used by masses .  The reason is that, the government wanted to regulate or at least trace transaction in order for them to detect money laundering and other illegal activities.  Life of a coin especially in its economic aspect is not on Mining alone.  It depends on the base users and legal merchants that adopted the cryptocurrency.  Bitcoin had already established this two things, besides bitcoin is starting to be recognized by authorities in some countries and it seems that more and more countries are taking notice of it.

For illegal Activites probably those two option will more likely replace bitcoins.

[rajasumi2]

it can happen for a short period of time .well bitcoin is in the top position .to beat that it has to be the best an i dont think it would come in the near  future for the next 10 years .and if it comes also it will take more than 6 years to achieve what is bitcoin is now in the present day...kudoos

[Doamader]

Possible if -
1) More anonymity than bitcoin
2) Mining opportunities for individuals

I don't think this two option will replace bitcoin when it comes to mass adoption / or mostly used by masses .  The reason is that, the government wanted to regulate or at least trace transaction in order for them to detect money laundering and other illegal activities.  Life of a coin especially in its economic aspect is not on Mining alone.  It depends on the base users and legal merchants that adopted the cryptocurrency.  Bitcoin had already established this two things, besides bitcoin is starting to be recognized by authorities in some countries and it seems that more and more countries are taking notice of it.

For illegal Activites probably those two option will more likely replace bitcoins.

Sure the community and merchants may help to make the coin get interest and value, but be realistic, why bitcoin is being main crypto currencie? As i know its the only one where you can mine enought to roi in some period, others altcoins hasnt such potencial, bitcoin does worth such because its the first, the best and it has mining process under it making always pression.

[moriskarlov]

I'm pretty sure that Bitcoin will be moved in an uncertain future. After all the new challenges that will stand in the future world economy, will likely require an alternative, more secure currency.

[Adbitco]

Nobody can say yes or no for sure but the possibility can't be denied.

[Skarner21]

Possible if -
1) More anonymity than bitcoin
2) Mining opportunities for individuals

I don't think this two option will replace bitcoin when it comes to mass adoption / or mostly used by masses .  The reason is that, the government wanted to regulate or at least trace transaction in order for them to detect money laundering and other illegal activities.  Life of a coin especially in its economic aspect is not on Mining alone.  It depends on the base users and legal merchants that adopted the cryptocurrency.  Bitcoin had already established this two things, besides bitcoin is starting to be recognized by authorities in some countries and it seems that more and more countries are taking notice of it.

For illegal Activites probably those two option will more likely replace bitcoins.

Sure the community and merchants may help to make the coin get interest and value, but be realistic, why bitcoin is being main crypto currencie? As i know its the only one where you can mine enought to roi in some period, others altcoins hasnt such potencial, bitcoin does worth such because its the first, the best and it has mining process under it making always pression.

Not only for that reason i think bitcoin is main because if there is no bitcoin there is no altcoin. and bitcoin is the largest coinmarket cap many investors are invest in bitcoin. but i saw ethereum has a potencial so if bitcoin will crash or down i think ethereum will be the next according to the rankings in coinmarketcap..

[mlbs]

I dont think bitcoin can be replaced since it is the mother of the crypto world. Maybe in the future,  it can be innovated and improved but i dont think so it can be replaced to another cryptocurrency. It will be a lot of hardwork and time to be able to replace bitcoin.

[madwica]

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.

For me i do not see any potential coin can replace bitcoin on the top of crypto currency also the value of bitcoin are continuous increasing and it would be more stronger in the near future.

[Ziskinberg]

I dont think bitcoin can be replaced since it is the mother of the crypto world. Maybe in the future,  it can be innovated and improved but i dont think so it can be replaced to another cryptocurrency. It will be a lot of hardwork and time to be able to replace bitcoin.

The possibility is always there but we cannot say that possibility will happen easy, if you take a look on what bitcoin have already achieve you can tell that we have a strong foundation over here.

It take so long to reach this status and the longer it exist the more people trust it, so definitely it's hard for bitcoin to be replace for the new one.

[Maphistas]

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 is the possibility Bitcoin may be replaced, especially if the quantity is lost on dead addresses.  However, in the current use of Bitcoin, there are still the matter of projects using Bitcoin as a foundation for development.  Projects that create a positive image can also leave Bitcoin valuable support to how the public can have more use to cryptocurrency.  History of Bitcoin and what has been accomplished will still be there if it does get replaced.

[minionsgelato]

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?

everything it's possible, nobody knows what will happened to cryptocurrency world in the future.
if bitcoin be replaced by another currency, that's might be a big incident to bitcoiner

[Mzie]

I doubt that , however there might be a currency that will do very well more than bitcoin , e.g in fiat world where you have different currencies doing very well

[mirakal]

I doubt that , however there might be a currency that will do very well more than bitcoin , e.g in fiat world where you have different currencies doing very well

Time will come in the future that bitcoin will not be supported by the people but we should not wish for that to happen. What we need now is to support bitcoin with the best that we can and to make this more progressive, if something comes up to replace bitcoin then I will just jump as long as it's profitable.

[Harlot]

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 is the possibility Bitcoin may be replaced, especially if the quantity is lost on dead addresses.  However, in the current use of Bitcoin, there are still the matter of projects using Bitcoin as a foundation for development.  Projects that create a positive image can also leave Bitcoin valuable support to how the public can have more use to cryptocurrency.  History of Bitcoin and what has been accomplished will still be there if it does get replaced.

How can there be a dead address for Bitcoin? When the owner forgot his/her password on his/her wallet? If that is the case retrieving it would be easy for the owner. Also it cannot affect on how it will be overtaken by another coin as quantity is not the only factor of altcoins to replace Bitcoin. There are many ICOs that happened during the past months all of them failed maybe necause on the part that Bitcoin is still thriving.

[Senor.Bla]

I doubt that , however there might be a currency that will do very well more than bitcoin , e.g in fiat world where you have different currencies doing very well

Time will come in the future that bitcoin will not be supported by the people but we should not wish for that to happen. What we need now is to support bitcoin with the best that we can and to make this more progressive, if something comes up to replace bitcoin then I will just jump as long as it's profitable.

you can not look only on the profit. the technology is whats gives a coin its value. if you have a bad or corrupt technology you can still make money, but on the long run you will fail. so look out for value not profit. different coins might bring a different value and coexist.

[Caladonian]

I doubt that , however there might be a currency that will do very well more than bitcoin , e.g in fiat world where you have different currencies doing very well

Time will come in the future that bitcoin will not be supported by the people but we should not wish for that to happen. What we need now is to support bitcoin with the best that we can and to make this more progressive, if something comes up to replace bitcoin then I will just jump as long as it's profitable.

its crypto so from time to time they will try to create one another but like you i will keep supporting btc while adoption is really on progress just in case there's a replacement happen i will also invest with it but i will never leave btc as i see much bigger feature in the long run.