Will Bitcoin be replaced by another cryptocurrency?

[ForumBit]

yes it may happen but i think bitcoin has reached to a level where it is difficult for any other cryptocurrency to replace it or reached to its level because it takes a huge time to evolve and bitcoin takes almost 10 year to reached this level. in other words we can say that it is the  mother of all cryptocurrency.......

[Ewinsane]

I think it is difficult and near impossible, when people talk cryptocurrency, then they will know bitcoin. I also know that there are many altcoin the technology side is better than bitcoin, but because bitcoin is first then it will not be replaced.

yuppp that's true , i have an experience when i am asking for a buyer to pay me on dogecoin ,
but he just respond nothing and say have no idea bout it ,
common people only know bitcoin , why? of course it is more popular ,
so if there will be another crypto replace bitcoin , it should be become popular more than bitcoin.

Bitcoin is more popular because it's the first and best cryptocurrency. It's the father of all cryptocurrency. It won't be easy to replace and people are going to know about altcoins because of this forum. Some people who just use bitcoin because of the way of transaction works. It's awesome but not everyone wants to learn about new things.

i agree with you that bitcoin is much more popular currency crypto currency and you are right that we can says that bitcoin is the father of all crypto currency and i think there is a lot of services available on bitcoin and and more people adopt the bitcoin for their business.

[Gromozeka!]

yes it may happen but i think bitcoin has reached to a level where it is difficult for any other cryptocurrency to replace it or reached to its level because it takes a huge time to evolve and bitcoin takes almost 10 year to reached this level. in other words we can say that it is the  mother of all cryptocurrency.......

I agree with you, before being replaced by bitcoin need to go through the same path that it and it's not so simple and fast. If it happens it will be a ban on the bitcoin everywhere, then of course it will be replaced by another cryptocurrency.

[vrm86]

I've seen many coins that were far more technically sophisticated and reliable, or with some innovative distribution method. Each time investors and creators were hyped about the superiority of their coin over BTC and were making bright future plans, but afterall it always ended in pump&dump scheme. As the world-wide recognition and adoption level seems to be most important factors for cryptoicurrencies success, I can see no possible competitor for bitcoin at the moment.

[BlackPanda]

yes it may happen but i think bitcoin has reached to a level where it is difficult for any other cryptocurrency to replace it or reached to its level because it takes a huge time to evolve and bitcoin takes almost 10 year to reached this level. in other words we can say that it is the  mother of all cryptocurrency.......

very difficult for me. because bitcoin is an icon of the digital currency today. all depends on the price movements of bitcoin. so I conclude that bitcoin will survive and remain will be a digital currency that is most widely used.

[deadpoolx]

I've seen many coins that were far more technically sophisticated and reliable, or with some innovative distribution method. Each time investors and creators were hyped about the superiority of their coin over BTC and were making bright future plans, but afterall it always ended in pump&dump scheme. As the world-wide recognition and adoption level seems to be most important factors for cryptoicurrencies success, I can see no possible competitor for bitcoin at the moment.

Yeah, and it seems like some developers are becoming more sophisticated in such schemes. The biggest problem, in my opinion, is that most currencies create solutions to problems that do not exist, at least not at the present time. In addition, when developers can create something new and useful, they also bring some problems to the platforms, such as centralization points.

[Dr.Osh]

yes it may happen but i think bitcoin has reached to a level where it is difficult for any other cryptocurrency to replace it or reached to its level because it takes a huge time to evolve and bitcoin takes almost 10 year to reached this level. in other words we can say that it is the  mother of all cryptocurrency.......

Well, you're right. maybe someday, there will be a coin which is better than the bitcoin, because we will never know, what kind of coins will be developed in the future. but, bitcoin has been at a different level. wherein the level is very difficult to achieve by alrcoin that exist today.

[deppil]

yes it may happen but i think bitcoin has reached to a level where it is difficult for any other cryptocurrency to replace it or reached to its level because it takes a huge time to evolve and bitcoin takes almost 10 year to reached this level. in other words we can say that it is the  mother of all cryptocurrency.......

yeah bitcoin class is already very high compared to other cryptocurrency, in terms of popularity, the number of users, and so forth. bitcoin level is already very high. so it will be very difficult to be replaced by another cryptocurrency

[BitFinnese]

I think it is difficult and near impossible, when people talk cryptocurrency, then they will know bitcoin. I also know that there are many altcoin the technology side is better than bitcoin, but because bitcoin is first then it will not be replaced.

I do think it's difficult for any cryptocurrencies to take over the place of bitcoin but I don't assume that this is impossible. And there are literally nothing predictable in this crypto world, especially when it comes to bitcoin. It's not gonna happen now for sure, but after a few years or even decades, things won't be the same anymore and so does bitcoin.

I always believe at the possibility no matter how unbelievable it is at our current time to replace Bitcoin.  The world is going and it is turning around, those at the top today maybe at the bottom tomorrow.  It is just a matter of time.  If all the possible requirements to replace bitcoin is met by other altcoin, there is no stopping for them to take the place of Bitcoin.

[boyptc]

Bitcoin has served the community well during this present time but that doesn't mean It can't be replaced by another cryptocurrency even Me I don't think bitcoin will dominate the crypto world forever but one thing for sure it's not gonna be easy to defeat bitcoin and make it obsolete

I strongly believe that bitcoin will always be a dominant in crypto currency because major of its idea was originated from it. And wow? The original one will be replaced by new ones, that's a disgrace and dishonor to bitcoin. It is not really going to be possible for a new crypto to replace bitcoin but let's get real bitcoin will always be the number one.

[mirakal]

Bitcoin has served the community well during this present time but that doesn't mean It can't be replaced by another cryptocurrency even Me I don't think bitcoin will dominate the crypto world forever but one thing for sure it's not gonna be easy to defeat bitcoin and make it obsolete

I strongly believe that bitcoin will always be a dominant in crypto currency because major of its idea was originated from it. And wow? The original one will be replaced by new ones, that's a disgrace and dishonor to bitcoin. It is not really going to be possible for a new crypto to replace bitcoin but let's get real bitcoin will always be the number one.

We don't want to make that happen but there's a possibility in the future, the failure of bitcoin will be the success of altcoins. You can tell that on the way the price movement, altcoins are getting value when the price of bitcoin drops. I have so much investment with bitcoin and I trusted it to be more successful in the future, but if it will happen, I might accept it and move on.

[millgates]

I've seen many coins that were far more technically sophisticated and reliable, or with some innovative distribution method. Each time investors and creators were hyped about the superiority of their coin over BTC and were making bright future plans, but afterall it always ended in pump&dump scheme. As the world-wide recognition and adoption level seems to be most important factors for cryptoicurrencies success, I can see no possible competitor for bitcoin at the moment.

Sorry I dissagree with you. There are some altcoin that still pump/growing although the market cap is still smaller than bitcoin. Although it is hard to see altcoin replace bitcoin but altcoin gives trader chance to grow thier money.

[dfox101]

bitcoin will not be replaced by another cybercurrency, it will always the cybergold and no other coin can replace it. That said, each country can issue its own cybercoin as bitcoin with its limited amount, can not scale.

[MicroGuy]

yes it may happen but i think bitcoin has reached to a level where it is difficult for any other cryptocurrency to replace it or reached to its level because it takes a huge time to evolve and bitcoin takes almost 10 year to reached this level. in other words we can say that it is the  mother of all cryptocurrency.......

very difficult for me. because bitcoin is an icon of the digital currency today. all depends on the price movements of bitcoin. so I conclude that bitcoin will survive and remain will be a digital currency that is most widely used.

It doesn't depend on price movement, it depends on the proper development of the core.

Satoshi was a decent developer and he thought the block size should be unlimited. All this SegWit and Lightning code might be fine and dandy running on an open chain. But choking off the main chain is hurting the growth and adoption of the currency. The blocksize should be 2MB at a minimum. If you do the research, you'll see the 1MB was not supposed to be static. It was intended to be a temporary solution only.

If this doesn't get fixed soon, Paypal will begin looking like a more attractive option to both merchants and customers.

[canhchuacaro1]

It really depends on the people. Someone will create or already created a cryptocurrency that can make the bitcoin obsolete. It may not be clear now but in the future when someone will be interested in that certain cryptocurrency and pump its value then maybe bitcoiners will transfer some of their funds to that cryptocurrency and later on make the bitcoin's value lower.
Anything is possible.. Btc can be replaced.. But not in a short term...may be in the future

[Zadicar]

It really depends on the people. Someone will create or already created a cryptocurrency that can make the bitcoin obsolete. It may not be clear now but in the future when someone will be interested in that certain cryptocurrency and pump its value then maybe bitcoiners will transfer some of their funds to that cryptocurrency and later on make the bitcoin's value lower.
Anything is possible.. Btc can be replaced.. But not in a short term...may be in the future

This is true,bitcoin could really be replaced by other crypto on which it bypasses the features of bitcoin as of now but i do believe it would really be a long time because seeing the progress and adoption of bitcoin as of now i could say that its hard to beat it in todays standing.

[Zicadis]

I think it is difficult and near impossible, when people talk cryptocurrency, then they will know bitcoin. I also know that there are many altcoin the technology side is better than bitcoin, but because bitcoin is first then it will not be replaced.

I do think it's difficult for any cryptocurrencies to take over the place of bitcoin but I don't assume that this is impossible. And there are literally nothing predictable in this crypto world, especially when it comes to bitcoin. It's not gonna happen now for sure, but after a few years or even decades, things won't be the same anymore and so does bitcoin.

i agree its not impossible as long as people continue with the habbit of dumping coins for a profit the are slowly killing bitcoins.
To make matters worse if bitcoin gets to be regulated like wherechina is heading we might shift to another crypto in no time

[LuanX3]

It really depends on the people. Someone will create or already created a cryptocurrency that can make the bitcoin obsolete. It may not be clear now but in the future when someone will be interested in that certain cryptocurrency and pump its value then maybe bitcoiners will transfer some of their funds to that cryptocurrency and later on make the bitcoin's value lower.
Anything is possible.. Btc can be replaced.. But not in a short term...may be in the future

This is true,bitcoin could really be replaced by other crypto on which it bypasses the features of bitcoin as of now but i do believe it would really be a long time because seeing the progress and adoption of bitcoin as of now i could say that its hard to beat it in todays standing.

Probably there will be a coin that will be so revolutionary that may match bitcoin, but that would probably take a while. And the adoption of bitcoins has not even reached its peak and for sure any new coin will not be able to reach what bitcoins has reached.

[PacePay]

yes it may happen but i think bitcoin has reached to a level where it is difficult for any other cryptocurrency to replace it or reached to its level because it takes a huge time to evolve and bitcoin takes almost 10 year to reached this level. in other words we can say that it is the  mother of all cryptocurrency.......

You are right bitcoin has take a longer period to reach to that level and there are a lot of supporters of bitcoin and bitcoin is used everywhere for different services all over the internet so if someone will think that another crypto currency will come to replace bitcoin then they will at mistake.

[Stedsm]

Bitcoins should be considered a parent experiment out of which altcoins took birth.
So, alts with even the most highly modern features can't beat Bitcoins because Bitcoin has been in the markets and is well-accepted by many big investors as well as some Giants including Bill Gates, will these people ever look for any other alts when they have such an investment where they are assured to get greater returns in future?