Will Bitcoin be replaced by another cryptocurrency?

[Westinhome]

Bitcoin replaced by another cryptocurrency?

I think it is impossible. Because we know and realize that bitcoin is the mother of all kinds cryptocurrency then I believe bitcoin will never be replaced by cryptocurrency

yes i agree in my opinion altcoin or other currency not value if there is no bitcoin
so if bitcoin die and replace by another currency i think is imposibble

There is an old saying as "No matter how good you do your job, there will be a person who can do better.."
More than 60k unconfirmed transactions​, transaction fees raising day by day, Exchanges started asking for different fees to every user, many faucets and gambling sites turning to altcoins. Bitcoin replaced ​by some other crypto currency is a possible scenario in the future. May not be right now but after a few years, it is possible.

it is really possible since there were already a lot of users in bitcoin,some might find more reason to change in other currency to find some satisfaction,though bitcoin have lots to offer there is something to improved and to develop.

That is right. The average transaction fees are too high. People will start using other coins.

[Jewell]

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, I do not think of going to another crypto currency. All other altcoins are bound to bitcoin. If the bitcoin ends, it ends up in the other crypt currencies.
Of course it is not easy to predict the future. We do not know what will happen in the future.

i also do not think that bitcoin can be replace by any other crypto currency, because bitcoin is still number one crypto currency and there is not a single currency so close to bitcoin which can compete and overcome bitcoin, therefore i am hopeful that bitcoin will still remain as number one currency of the world.

[Dem-artini]

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, I do not think of going to another crypto currency. All other altcoins are bound to bitcoin. If the bitcoin ends, it ends up in the other crypt currencies.
Of course it is not easy to predict the future. We do not know what will happen in the future.

i also do not think that bitcoin can be replace by any other crypto currency, because bitcoin is still number one crypto currency and there is not a single currency so close to bitcoin which can compete and overcome bitcoin, therefore i am hopeful that bitcoin will still remain as number one currency of the world.

Bitcoin is still the world's best crypto currency, but no one can accurately predict what will happen in a few years.

[ekoice]

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?

Bitcoin willnot be replaced.No altcoin could come to bitcoin's place.Bitcoin is the pioneer in crypto currency.Altcoins were in need of bitcoin for their valuation.Bitcoin has survived successfully many critical situations and it would survive more.

[BossMacko]

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?

Bitcoin willnot be replaced.No altcoin could come to bitcoin's place.Bitcoin is the pioneer in crypto currency.Altcoins were in need of bitcoin for their valuation.Bitcoin has survived successfully many critical situations and it would survive more.

Bitcoin will not be replaced but it can be replicate, There are many attempt already but most of those coins are now no price. I wonder too that those other alt are a replication of Bitcoin also with a different roadmap and more different than Bitcoin that is why those are still surviving and some of its price are rising.

[DoublerHunter]

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?

Bitcoin willnot be replaced.No altcoin could come to bitcoin's place.Bitcoin is the pioneer in crypto currency.Altcoins were in need of bitcoin for their valuation.Bitcoin has survived successfully many critical situations and it would survive more.

Bitcoin will not be replaced but it can be replicate, There are many attempt already but most of those coins are now no price. I wonder too that those other alt are a replication of Bitcoin also with a different roadmap and more different than Bitcoin that is why those are still surviving and some of its price are rising.

Almost of the altcoins are doing that, they are copying bitcoin or doing replicates of bitcoin just to tell that they are better than bitcoin. There are a lot of altcoins that are just wastes in the market and just created for money and scams so i don't there is a chance for bitcoin to be replaced by just an altcoin.

[mackenzied]

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?

Bitcoin willnot be replaced.No altcoin could come to bitcoin's place.Bitcoin is the pioneer in crypto currency.Altcoins were in need of bitcoin for their valuation.Bitcoin has survived successfully many critical situations and it would survive more.

Bitcoin will not be replaced but it can be replicate, There are many attempt already but most of those coins are now no price. I wonder too that those other alt are a replication of Bitcoin also with a different roadmap and more different than Bitcoin that is why those are still surviving and some of its price are rising.

Almost of the altcoins are doing that, they are copying bitcoin or doing replicates of bitcoin just to tell that they are better than bitcoin. There are a lot of altcoins that are just wastes in the market and just created for money and scams so i don't there is a chance for bitcoin to be replaced by just an altcoin.

Right, most altcoins on the market are bitcoin copies, they try to make a copy with different names, and most of them are not long lasting, BU is a purse. Typical example, it is just a plot of those who want to fight bitcoin. And fortunately, it was dead.

[Victorycoin]

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?

Bitcoin willnot be replaced.No altcoin could come to bitcoin's place.Bitcoin is the pioneer in crypto currency.Altcoins were in need of bitcoin for their valuation.Bitcoin has survived successfully many critical situations and it would survive more.

Bitcoin will not be replaced but it can be replicate, There are many attempt already but most of those coins are now no price. I wonder too that those other alt are a replication of Bitcoin also with a different roadmap and more different than Bitcoin that is why those are still surviving and some of its price are rising.

As is, we are yet to have any altcoin that actually have what it takes to replace Bitcoin, because all what that is currently paraded are copies and shades of Bitcoin and unfortunately, the limitations Bitcoin is facing also runs in them. Replacement would only be possible if a coin with unique and much better concepts and development than Bitcoin shows up or if Bitcoin comes "harakiri"

[zimmah]

I should have bought some altcoin back then, would have made quite a good ROI

At least I bought some now.    

Since this debate is far from over, I guess the altcoin market has still a lot of headroom.

zimmah, seeing the lobster avatar by chance you know what happened to that zoidberg developer and his Louisd’or project?

no i don't.

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?

Bitcoin willnot be replaced.No altcoin could come to bitcoin's place.Bitcoin is the pioneer in crypto currency.Altcoins were in need of bitcoin for their valuation.Bitcoin has survived successfully many critical situations and it would survive more.

Bitcoin will not be replaced but it can be replicate, There are many attempt already but most of those coins are now no price. I wonder too that those other alt are a replication of Bitcoin also with a different roadmap and more different than Bitcoin that is why those are still surviving and some of its price are rising.

As is, we are yet to have any altcoin that actually have what it takes to replace Bitcoin, because all what that is currently paraded are copies and shades of Bitcoin and unfortunately, the limitations Bitcoin is facing also runs in them. Replacement would only be possible if a coin with unique and much better concepts and development than Bitcoin shows up or if Bitcoin comes "harakiri"

As it is now it doesn't take much to replace bitcoin because bitcoin is destroying itself from the inside.  
Altcoins are innovating while bitcoin is not only standing still, it's actually losing use cases. So it's actively getting worse.  

This is very bad and the longer it goes on the more likely it is bitcoin will be replaced by an altcoin.

[jc89]

Bitcoin replaced by another cryptocurrency?

I think it is impossible. Because we know and realize that bitcoin is the mother of all kinds cryptocurrency then I believe bitcoin will never be replaced by cryptocurrency

yes i agree in my opinion altcoin or other currency not value if there is no bitcoin
so if bitcoin die and replace by another currency i think is imposibble

There is an old saying as "No matter how good you do your job, there will be a person who can do better.."
More than 60k unconfirmed transactions​, transaction fees raising day by day, Exchanges started asking for different fees to every user, many faucets and gambling sites turning to altcoins. Bitcoin replaced ​by some other crypto currency is a possible scenario in the future. May not be right now but after a few years, it is possible.

it is really possible since there were already a lot of users in bitcoin,some might find more reason to change in other currency to find some satisfaction,though bitcoin have lots to offer there is something to improved and to develop.

That is right. The average transaction fees are too high. People will start using other coins.

And what if that "other" coin gained many users and had many transactions per minute, don't you think that their fee will likely to increase as well? The quality of service is directly proportional to the required fee. That is why even bitcoin's fee increased, many are still using bitcoin.

[choppork]

And what if that "other" coin gained many users and had many transactions per minute, don't you think that their fee will likely to increase as well? The quality of service is directly proportional to the required fee. That is why even bitcoin's fee increased, many are still using bitcoin.

There has to be a solid reason why that other coin has got so much users and transactions per minute. Perhaps, this new coin has solved the transaction time and fee problem? There is no other reason why a coin will have a chance to replace bitcoin except for the coin having a lightning network which is quite just an idea for now.

And assuming that it's the primary feature of that new coin, the quality of service wouldn't be directly proportional to the required fee. The coin might not even have a fee at all. When there's lightning network, we don't have to make our transaction as a priority since you know that it will not take that much time for the transactions before yours to get processed.

[Mpamaegbu]

Of course Bitcoin will not forever dominate the crypto market. I see Litecoin or Etherum already giving it a strong run. In the next 5-10years, who says Bitcoin may not have become what dogecoin is today and dogecoin the future Bitcoin?

Remember, in March Bitcoin had about 87% dominance of the coin market but today its effect is about 67%.

[Abiky]

Of course Bitcoin will not forever dominate the crypto market. I see Litecoin or Etherum already giving it a strong run. In the next 5-10years, who says Bitcoin may not have become what dogecoin is today and dogecoin the future Bitcoin?

Remember, in March Bitcoin had about 87% dominance of the coin market but today its effect is about 67%.

That might happen for sure in the future, if Bitcoin doesn't solve its current issues like scalability. Other altcoins will climb in market cap and price, diminishing Bitcoin's dominance in the markets.

Both Dash and Ethereum look like good candidates towards becoming the top cryptocurrency in market cap. They have a strong development team and community, and most of all, can scale, unlike Bitcoin. Dash has already a 2mb block size, while Bitcoin is still struggling to reach a consensus between miners towards increasing block size, or even activating SegWit.

The fact that most of Bitcoin's hashrate relies on the Chinese, make it harder to reach consensus as mining becomes more centralized each day. Bitcoin would need to change its algorithm to an ASIC resistant one that will prevent further centralization in its PoW scheme. Just my opinion. 

[Haladay]

Of course Bitcoin will not forever dominate the crypto market. I see Litecoin or Etherum already giving it a strong run. In the next 5-10years, who says Bitcoin may not have become what dogecoin is today and dogecoin the future Bitcoin?

Remember, in March Bitcoin had about 87% dominance of the coin market but today its effect is about 67%.

The things you said are totally fallacies... Bitcoin will dominat the global market forever even though that garbage coins keep existing...

[deisik]

Of course Bitcoin will not forever dominate the crypto market. I see Litecoin or Etherum already giving it a strong run. In the next 5-10years, who says Bitcoin may not have become what dogecoin is today and dogecoin the future Bitcoin?

Remember, in March Bitcoin had about 87% dominance of the coin market but today its effect is about 67%.

That might happen for sure in the future, if Bitcoin doesn't solve its current issues like scalability. Other altcoins will climb in market cap and price, diminishing Bitcoin's dominance in the markets.

Both Dash and Ethereum look like good candidates towards becoming the top cryptocurrency in market cap. They have a strong development team and community, and most of all, can scale, unlike Bitcoin. Dash has already a 2mb block size, while Bitcoin is still struggling to reach a consensus between miners towards increasing block size, or even activating SegWit.

The fact that most of Bitcoin's hashrate relies on the Chinese, make it harder to reach consensus as mining becomes more centralized each day. Bitcoin would need to change its algorithm to an ASIC resistant one that will prevent further centralization in its PoW scheme. Just my opinion. 

That won't happen until the most foul miners are gone, but they won't until they squeeze all life forces from Bitcoin leaving us with a weightless and lifeless corpse. That's why Bitcoin Unlimited is counterintuitively important. It will let us get rid of most rogue miners. Though I don't think they are really going to part any time soon with this milky cow that Bitcoin has become for them. More centralized means less chance for voluntary changes in Bitcoin protocol

It will be clear soon enough whether Bitcoin will make it (to the next level)

[tosmartak]

From the look of things I don't see that happening anytime soon even if it happens eventually. Bitcoin is the mama of all cryptocurrencies and it is more like its value impacts on other ones. If any other cryptocurrency spikes the game though, who knows?

[FasTroy]

Of course Bitcoin will not forever dominate the crypto market. I see Litecoin or Etherum already giving it a strong run. In the next 5-10years, who says Bitcoin may not have become what dogecoin is today and dogecoin the future Bitcoin?

Remember, in March Bitcoin had about 87% dominance of the coin market but today its effect is about 67%.

The things you said are totally fallacies... Bitcoin will dominat the global market forever even though that garbage coins keep existing...

I agree with you, Bitcoin is too strong. I don't see that any currency can beat bitcoin when we talk about price and the power ( Peoples who use it ).
In worst case bitcoin will dominate about 15-20 years. and then maybe the time to die or to continue surviving with high potentiel of price. It's hard to predict what's will happen. So in case of dying, automatically there is some currencies will grow and get the place of bitcoin.

[LivingDeath]

Maybe in the age of quantum computers there will come some reasons to replace bitcoin. Maybe transfer it into something else but the name will stay.

[pinkpanther03]

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?

As long as bitcoin exist and the community using it there's no chance for the other cryptocurrency to replace it. But once bitcoin disappear that's the only time for cryptocurrency to replace it, but now it's too impossible to replace by somebody else.

[TastyChillySauce00]

Maybe in the age of quantum computers there will come some reasons to replace bitcoin. Maybe transfer it into something else but the name will stay.

This quantum computer has been so often discussed here, some say its existence won't destroy bitcoin and the rest is disagree, but, at the end of all, it's a matter of the time. But, I'm sure by the time, the technology will also grow and bitcoin have its way to face this quantum computer problem, just, we don't even know whether the quantum computer will really put bitcoin to an end or not.