Will Bitcoin be replaced by another cryptocurrency?

[Ereacia]

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 always a possibility that the Bitcoin will be replaced by another crypto currency but it won't be easy for another crypto currency.
Because the Bitcoin is like the mother of all crypto currencies that are active. The other currencies have long way to go if the want to replace Bitcoin.

[SpousedHF]

I believe many of coins have tried to do this they just get pumped in a sense none of them actually fully make it. It would be nice to see a change but I don't believe anything of this sort will change. I don't know but I'm for sure its quite impossible considering it has been tried a few times.

[requester]

probably not possible because bitcoin is the father of all alt coin and without bitcoin no other alt coin have value because sites and store don't accept alt coins they accept only bitcoin and this is possible only when we have bitcoin so bitcoin will always rule the world of cryptocurrency.

[MWesterweele]

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?

I think its not, bitcoin has a very good value in the market, i think it takes too long before it will be replace by another coin. devs should keep it  and it will not easily go down. as days passes by bitcoin keeps its position in the market, and it increases its value too. i think btc has a its power to keep in the list and to prevent loosing its spot in the market.

[signature200]

probably not possible because bitcoin is the father of all alt coin and without bitcoin no other alt coin have value because sites and store don't accept alt coins they accept only bitcoin and this is possible only when we have bitcoin so bitcoin will always rule the world of cryptocurrency.

I agree with you completely. If bitcoin will disappear he will disappear and other cryptocurrencies. Though of course this place for a long time will not be empty. I think that even if bitcoin will disappear in the time it will be another cryptocurrency. It is possible that the Federal reserve will try to run in a turn, something like that.

[Sadlife]

I think that wouldn't happen or it would never occur no time soon. This crypto currency has survive countless hardships over the years passed and people still buy it because this investors can see the potential of this coin to grow.
Bitcoin has evolve and gained million of users not only in the surface web but this digital currency was firstly  used it deepweb, darknets even though its price value was not that high that time.

[AUDREY23]

until now have not thought about it because it is very difficult for others to cryptocurency could replace cryptocurency bitcoin my knowledge there because bitcoin created as a benchmark to price cryptocurrency.

[Rinder]

Bitcoin is getting a lot issues recently around the confirmations i wouldnt be surprised if some investors switch to other altcoin that hasnt such delay to confirm the transactions as bitcoin is having. Without any upgrade this will keep happening, and looks like miner farms doesnt agree at all wich is the best thing to follow. Its getting boring already make and be at bitcoin with those issue not handle yet, how long can bitcoin survive if bitcoin dont upgrade into better system?

[Rostadom]

probably not possible because bitcoin is the father of all alt coin and without bitcoin no other alt coin have value because sites and store don't accept alt coins they accept only bitcoin and this is possible only when we have bitcoin so bitcoin will always rule the world of cryptocurrency.

Supposed that a coin is starting to create a fuss and slowly starting to kick bitcoin out of the scene, for sure the merchants will start accepting it. Dogecoin, Litecoin, and Ethereum are accepted in gambling sites and it's just a matter of time when merchants start accepting them too. It's not that hard to convert these altcoins to bitcoins but it's the transaction and convertion fee that merchants are worried about.

[Harlot]

probably not possible because bitcoin is the father of all alt coin and without bitcoin no other alt coin have value because sites and store don't accept alt coins they accept only bitcoin and this is possible only when we have bitcoin so bitcoin will always rule the world of cryptocurrency.

I agree with you completely. If bitcoin will disappear he will disappear and other cryptocurrencies. Though of course this place for a long time will not be empty. I think that even if bitcoin will disappear in the time it will be another cryptocurrency. It is possible that the Federal reserve will try to run in a turn, something like that.

There is no other scenario about that, Bitcoin is the most successful cryptocurrency and I don't think someone will replace it because until now it is still developing, I can't think of any scenario that Bitcoin can be replace or even grow together with another Altcoin. Because Bitcoin is still on its growth stage in that stage people are still grasping or still learning Bitcoin and I don't think people need another Altcoin for Bitcoin to function as a currency.

[slapper]

Bitcoin is getting a lot issues recently around the confirmations i wouldnt be surprised if some investors switch to other altcoin that hasnt such delay to confirm the transactions as bitcoin is having. Without any upgrade this will keep happening, and looks like miner farms doesnt agree at all wich is the best thing to follow. Its getting boring already make and be at bitcoin with those issue not handle yet, how long can bitcoin survive if bitcoin dont upgrade into better system?

SegWit may be the only way for us to solve this problem. Sadly, most of the miners reject it because they believe that SegWit will lower the fee and they will not have the same profit as they do at the moment. well, we have to do something to encourage them to use this feature or Bitcoin will be self-destroyed.

[deisik]

Bitcoin is getting a lot issues recently around the confirmations i wouldnt be surprised if some investors switch to other altcoin that hasnt such delay to confirm the transactions as bitcoin is having. Without any upgrade this will keep happening, and looks like miner farms doesnt agree at all wich is the best thing to follow. Its getting boring already make and be at bitcoin with those issue not handle yet, how long can bitcoin survive if bitcoin dont upgrade into better system?

SegWit may be the only way for us to solve this problem. Sadly, most of the miners reject it because they believe that SegWit will lower the fee and they will not have the same profit as they do at the moment. well, we have to do something to encourage them to use this feature or Bitcoin will be self-destroyed

It seems that most of them are rather short-sighted

Though this had to be expected in a market which has a cut-throat competition taken over. Any update which would somehow affect the transaction fees (e.g. SegWit) would likely change the status quo and shake the mining industry. While it is certainly rational short-term, in the long haul the present state of affairs is inevitably set to change in the nearest future and then it could potentially render more damage to miners than the proposed changes. for example, Bitcoin may start being abandoned on reaching a certain point, after that the fees will still decline massively

[Babayega31]

Bitcoin is getting a lot issues recently around the confirmations i wouldnt be surprised if some investors switch to other altcoin that hasnt such delay to confirm the transactions as bitcoin is having. Without any upgrade this will keep happening, and looks like miner farms doesnt agree at all wich is the best thing to follow. Its getting boring already make and be at bitcoin with those issue not handle yet, how long can bitcoin survive if bitcoin dont upgrade into better system?

SegWit may be the only way for us to solve this problem. Sadly, most of the miners reject it because they believe that SegWit will lower the fee and they will not have the same profit as they do at the moment. well, we have to do something to encourage them to use this feature or Bitcoin will be self-destroyed

It seems that most of them are rather short-sighted

Though this had to be expected in a market which has a cut-throat competition taken over. Any update which would somehow affect the transaction fees (e.g. SegWit) would likely change the status quo and shake the mining industry. While it is certainly rational short-term, in the long haul the present state of affairs is inevitably set to change in the nearest future and then it could potentially render more damage to miners than the proposed changes. for example, Bitcoin may start being abandoned on reaching a certain point, after that the fees will still decline massively

I don't agree, bitcoin is not abandoned at certain point and as we can see these several days this month it shows good performance and it continued to flow smoothly. I don't see good benefit to those miners around but what I am focusing is the strong foundation of btc as of this year. Because of that good standing I must stick to my principle that bitcoin will still be bitcoin, and cannot be replaced other cryptocurrency.

[youdacapt]

Bitcoin is getting a lot issues recently around the confirmations i wouldnt be surprised if some investors switch to other altcoin that hasnt such delay to confirm the transactions as bitcoin is having. Without any upgrade this will keep happening, and looks like miner farms doesnt agree at all wich is the best thing to follow. Its getting boring already make and be at bitcoin with those issue not handle yet, how long can bitcoin survive if bitcoin dont upgrade into better system?

SegWit may be the only way for us to solve this problem. Sadly, most of the miners reject it because they believe that SegWit will lower the fee and they will not have the same profit as they do at the moment. well, we have to do something to encourage them to use this feature or Bitcoin will be self-destroyed

It seems that most of them are rather short-sighted

Though this had to be expected in a market which has a cut-throat competition taken over. Any update which would somehow affect the transaction fees (e.g. SegWit) would likely change the status quo and shake the mining industry. While it is certainly rational short-term, in the long haul the present state of affairs is inevitably set to change in the nearest future and then it could potentially render more damage to miners than the proposed changes. for example, Bitcoin may start being abandoned on reaching a certain point, after that the fees will still decline massively

I don't agree, bitcoin is not abandoned at certain point and as we can see these several days this month it shows good performance and it continued to flow smoothly. I don't see good benefit to those miners around but what I am focusing is the strong foundation of btc as of this year. Because of that good standing I must stick to my principle that bitcoin will still be bitcoin, and cannot be replaced other cryptocurrency.

We discussed about possibility of potential miners focus moved to altcoin because of cost and others. Especially when bitcoin has been exhausted to be mined. No matter how good bitcoin to maintain a solid structure, they will be eroded gradually by market. A strong foundation depending on market demand. All potential competition wide open every day and in future. We just need an optimistic attitude towards bitcoin.

[GMPoison]

Bitcoin is getting a lot issues recently around the confirmations i wouldnt be surprised if some investors switch to other altcoin that hasnt such delay to confirm the transactions as bitcoin is having. Without any upgrade this will keep happening, and looks like miner farms doesnt agree at all wich is the best thing to follow. Its getting boring already make and be at bitcoin with those issue not handle yet, how long can bitcoin survive if bitcoin dont upgrade into better system?

SegWit may be the only way for us to solve this problem. Sadly, most of the miners reject it because they believe that SegWit will lower the fee and they will not have the same profit as they do at the moment. well, we have to do something to encourage them to use this feature or Bitcoin will be self-destroyed

It seems that most of them are rather short-sighted

Though this had to be expected in a market which has a cut-throat competition taken over. Any update which would somehow affect the transaction fees (e.g. SegWit) would likely change the status quo and shake the mining industry. While it is certainly rational short-term, in the long haul the present state of affairs is inevitably set to change in the nearest future and then it could potentially render more damage to miners than the proposed changes. for example, Bitcoin may start being abandoned on reaching a certain point, after that the fees will still decline massively

I don't agree, bitcoin is not abandoned at certain point and as we can see these several days this month it shows good performance and it continued to flow smoothly. I don't see good benefit to those miners around but what I am focusing is the strong foundation of btc as of this year. Because of that good standing I must stick to my principle that bitcoin will still be bitcoin, and cannot be replaced other cryptocurrency.

We discussed about possibility of potential miners focus moved to altcoin because of cost and others. Especially when bitcoin has been exhausted to be mined. No matter how good bitcoin to maintain a solid structure, they will be eroded gradually by market. A strong foundation depending on market demand. All potential competition wide open every day and in future. We just need an optimistic attitude towards bitcoin.

The mining era of bitcoin - which will last beyond our life times - wasn't meant to be the end of bitcoin, but just the beginning.

[deisik]

Bitcoin is getting a lot issues recently around the confirmations i wouldnt be surprised if some investors switch to other altcoin that hasnt such delay to confirm the transactions as bitcoin is having. Without any upgrade this will keep happening, and looks like miner farms doesnt agree at all wich is the best thing to follow. Its getting boring already make and be at bitcoin with those issue not handle yet, how long can bitcoin survive if bitcoin dont upgrade into better system?

SegWit may be the only way for us to solve this problem. Sadly, most of the miners reject it because they believe that SegWit will lower the fee and they will not have the same profit as they do at the moment. well, we have to do something to encourage them to use this feature or Bitcoin will be self-destroyed

It seems that most of them are rather short-sighted

Though this had to be expected in a market which has a cut-throat competition taken over. Any update which would somehow affect the transaction fees (e.g. SegWit) would likely change the status quo and shake the mining industry. While it is certainly rational short-term, in the long haul the present state of affairs is inevitably set to change in the nearest future and then it could potentially render more damage to miners than the proposed changes. for example, Bitcoin may start being abandoned on reaching a certain point, after that the fees will still decline massively

I don't agree, bitcoin is not abandoned at certain point and as we can see these several days this month it shows good performance and it continued to flow smoothly. I don't see good benefit to those miners around but what I am focusing is the strong foundation of btc as of this year. Because of that good standing I must stick to my principle that bitcoin will still be bitcoin, and cannot be replaced other cryptocurrency.

Do you have a time machine?

I'm talking about future, namely, what could happen if Bitcoin doesn't get updated and starts seriously lagging behind. More specifically, I say what is likely to come about if Bitcoin user base expands but Bitcoin itself is not able to cope with this growth due to rogue miners not willing to accept required changes to keep the system up to date. We have already seen multiple transaction jams in the past, but these are said to arise because of spammy transactions overflooding the network

[rickadone]

until now have not thought about it because it is very difficult for others to cryptocurency could replace cryptocurency bitcoin my knowledge there because bitcoin created as a benchmark to price cryptocurrency.

I don’t think that any other cryptocurrency can compete with bitcoin currency do to their so much achievement and success. It seems to be impossible according to the present situation.

If any currency try to do so they required so much time to come on to the level of bitcoin because is not organization which is new made it is established since many year so conclusion of all discussion is that not possible to compete with bitcoin currency rate and come on to the level of bitcoin.

[Wevariant]

until now have not thought about it because it is very difficult for others to cryptocurency could replace cryptocurency bitcoin my knowledge there because bitcoin created as a benchmark to price cryptocurrency.

I don’t think that any other cryptocurrency can compete with bitcoin currency do to their so much achievement and success. It seems to be impossible according to the present situation.

If any currency try to do so they required so much time to come on to the level of bitcoin because is not organization which is new made it is established since many year so conclusion of all discussion is that not possible to compete with bitcoin currency rate and come on to the level of bitcoin.

The bitcoin has the largest user community. No other altcoin can match that.

[agamasrori]

Bitcoin is getting a lot issues recently around the confirmations i wouldnt be surprised if some investors switch to other altcoin that hasnt such delay to confirm the transactions as bitcoin is having. Without any upgrade this will keep happening, and looks like miner farms doesnt agree at all wich is the best thing to follow. Its getting boring already make and be at bitcoin with those issue not handle yet, how long can bitcoin survive if bitcoin dont upgrade into better system?

I do not think so.  I am sure that bitcoin will never replaced by another crypto-currency, even etherium could not replace bitcoin.  Because most of people are thrust to bitcoin. Altcoin could be dead anytime.

[avikz]

Eventually in the future, bitcoin will be replaced by another crypto currency but not soon. Bitcoin will be available till 2023 for mining. After that bitcoin will remain the costliest crypto currency. However, those who have already set up their expensive mining system, what will they do?

They will obviously find another crypto currency to mine and that crypto currency will become the next big thing after bitcoin. Everything in life, has a expiry date and bitcoin is no exception. But that is not going to happen anytime soon.