Will Bitcoin be replaced by another cryptocurrency?

[Janation]

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.

Bitcoin will never be replaced by any other cryptocurrency especially with it's price and popularity. Though, there is a chance, but that chance is like winning in a lottery with the whole population of the world participating. Still, other cryptocurrency can be used as an alternate to earn profit by trading. It depends on you on how will you use these cryptocurrency to help you earn some profits.

[radjie]

It could happen if there are other crypto able to compete more strongly with bitcoin, but it will not be easy for other crypto is able to shift the bitcoin.

[Sadlife]

If BU gets implemented and  the hardfork activate the BTU coin may replace BTC
if a hardfork occurs but with the current happenings it may not be far from possible as the mining pools has change their minds into mining BU's block.
Jihan's centralized Blockchain may come true.

[batang_bitcoin]

It could happen if there are other crypto able to compete more strongly with bitcoin, but it will not be easy for other crypto is able to shift the bitcoin.

There are tons of alt coins in the market. And its going to be hard for a new coin to pump and will be able to replace the current original coin which is bitcoin. But I really doubt that it is possible to happen because we are all staying in bitcoin and in reality now, there is no way to replace bitcoin by another coin.

[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?

No,Bitcoin couldnot be replaced by any other coin.No altcoin has the potential to replace bitcoin.Instead,they need bitcoin to know their values.So,Bitcoin would continue as king of crypto currency.

[kurokishi10]

the term believe is not appropriate as a fellow member said the perfect term would be statistical probability,currently bitcoin stands on top of the cryptocurrency market and has no equivalent competition,and it is very unlikely that it would suffer such a loss that the other currencies would rise above it,so this may or may not happen but surely not for the next 10 years untill and unless something very very unpredictible happens.

[Xenophoto]

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.

It's possible that the same people whose lives were changed by their bitcoin business can also be the one that's going to destroy bitcoin. Keep in mind that it takes just 5 minutes to switch from using bitcoins into using a different cryptocurrency. If a different coin prevails, bitcoin will still not vanish. It will still be there but the user base will be lessen, and the price will be lessen as well. We all know that the user base of a cryptocurrency is the coin's foundation.

Bitcoin will not just disappear at some point and then a different currency will replace it. It's likely that another coin will kill it or bitcoin will kill itself.

[deisik]

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.

It's possible that the same people whose lives were changed by their bitcoin business can also be the one that's going to destroy bitcoin. Keep in mind that it takes just 5 minutes to switch from using bitcoins into using a different cryptocurrency. If a different coin prevails, bitcoin will still not vanish. It will still be there but the user base will be lessen, and the price will be lessen as well. We all know that the user base of a cryptocurrency is the coin's foundation

If something can (potentially) happen it doesn't mean that it will

An asteroid could wipe life from Earth within seconds but does it mean that we should take into account such a possibility (which is still not zero, just in case) in our daily plans? And it is essentially the same with Bitcoin. Indeed, people can dump their bitcoins within minutes and buy some other coin, but how likely is this event? I don't think it is very useful to consider such events up to a point of preparing for them (since you will obviously fail to prepare for events which are more likely to happen)

[GoodLuck2]

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?

bro, 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.

[BlokF4No27]

Nothing impossible, the new coins are better than anything, only wait time and it seems like the time is at hand, many find problems e.g. bitcoin is confirmation that for too long so that transactions become slower.

[zohaibh]

no i dont think so that will happen because bitcoin is a giant cryptocoin and it is the main coin you must said that it is the mother of all crypto currencies.

[Pzest1]

What about Ripple, id like your opinion on it as im getting smashed in the Ripple thread - https://bitcointalk.org/index.php?topic=1381669.1140 for saying that banks just arent buying XRP for anything other than what they have to (transaction fees). There are many articles about banks using the Ripple protocol but nothing about banks buying mass amount of the coin. The price has risen, its still under 20c but nothing that cant be attributed to normal Alt rise with bitcoin, fee free traading on some sites etc.

Yes i know each Alt thread has people hyping the coins but man these guys are really getting whoever read the thread to buy. They believe it will easily knock Bitcoin off the top spot and the price is going to 'the moon'

Thoughts on it replacing Bitcoin?

[DoublerHunter]

What about Ripple, id like your opinion on it as im getting smashed in the Ripple thread - https://bitcointalk.org/index.php?topic=1381669.1140 for saying that banks just arent buying XRP for anything other than what they have to (transaction fees). There are many articles about banks using the Ripple protocol but nothing about banks buying mass amount of the coin. The price has risen, its still under 20c but nothing that cant be attributed to normal Alt rise with bitcoin, fee free traading on some sites etc.

Yes i know each Alt thread has people hyping the coins but man these guys are really getting whoever read the thread to buy. They believe it will easily knock Bitcoin off the top spot and the price is going to 'the moon'

Thoughts on it replacing Bitcoin?

Ripple is not that very competitive against bitcoin because Ripple is just getting hyped now and the price pumps is just cause by the news and also the hype and manipulation of the whales. If you do math then you can see that their price is very over rated based on their supply and i think this coin will need a lot of time and also cut to their supply so they will get a chance against bitcoin.

[f0rmdeep]

What about Ripple, id like your opinion on it as im getting smashed in the Ripple thread - https://bitcointalk.org/index.php?topic=1381669.1140 for saying that banks just arent buying XRP for anything other than what they have to (transaction fees). There are many articles about banks using the Ripple protocol but nothing about banks buying mass amount of the coin. The price has risen, its still under 20c but nothing that cant be attributed to normal Alt rise with bitcoin, fee free traading on some sites etc.

Yes i know each Alt thread has people hyping the coins but man these guys are really getting whoever read the thread to buy. They believe it will easily knock Bitcoin off the top spot and the price is going to 'the moon'

Thoughts on it replacing Bitcoin?

Ripple is not that very competitive against bitcoin because Ripple is just getting hyped now and the price pumps is just cause by the news and also the hype and manipulation of the whales. If you do math then you can see that their price is very over rated based on their supply and i think this coin will need a lot of time and also cut to their supply so they will get a chance against bitcoin.

Bitcoin is completely different from ripple. Bitcoin is like Digital Gold. Ripple is the best vehicle for everything including Bitcoin.

For example, To accept bitcoin without hours of confirmation time, Japanese banks are going to use a XRP back end based solution.

So, Bitcoin will stay as "savers" asset, ripple will be Hugely successful as everybody ( govt/central banks/banks / Payment processors / Financial institutions etc ) need it and XRP becomes the backend processor of all assets.

People get this wrong, and think one will succeed. Nope, they are fundamentally different, made for different purposes and both very innovative.

I love bitcoin, its just the Trolls here , running misinformation campaigns that i hate. useless ppl paid to hamper innovation.

[RayX12]

What about Ripple, id like your opinion on it as im getting smashed in the Ripple thread - https://bitcointalk.org/index.php?topic=1381669.1140 for saying that banks just arent buying XRP for anything other than what they have to (transaction fees). There are many articles about banks using the Ripple protocol but nothing about banks buying mass amount of the coin. The price has risen, its still under 20c but nothing that cant be attributed to normal Alt rise with bitcoin, fee free traading on some sites etc.

Yes i know each Alt thread has people hyping the coins but man these guys are really getting whoever read the thread to buy. They believe it will easily knock Bitcoin off the top spot and the price is going to 'the moon'

Thoughts on it replacing Bitcoin?

Ripple is not that very competitive against bitcoin because Ripple is just getting hyped now and the price pumps is just cause by the news and also the hype and manipulation of the whales. If you do math then you can see that their price is very over rated based on their supply and i think this coin will need a lot of time and also cut to their supply so they will get a chance against bitcoin.

Not competitive???  WTF!
Bitcoin fees are getting insane!  XRP is way more competitive in this aspect!
Bitcoin transaction times due to higher and higher fees are also creating problems.  XRP is way faster and almost instantaneous, again more competitive in this aspect!
Transaction capacity on Bitcoin is now very limited and there seems to be no end to the arguing what is better.  XRP is way better and more competitive again!
Governace for Bitcoin is a total mess, miners pulling their way, Core stubborn, slow and rude as fuck, Unlimited attacking Core, etc, etc.  XRP smooth sailing as a corporation with great leaders and programers.. Again.... more competitive.

 

[Noctis Connor]

Alternative coins are around the corner they will never replace bitcoin but they can be second on bitcoin ranking or cryptocurrency bitcoin is more different than other cyrptocurrency that people use to trade or to invest too.

[Dimelord]

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?

Certainly,Bitcoin fulfills all requirements to be a bona fide protocol for sending money.It is the pioneer in crypto coins.It has gained tremendous trust over the past eight years.it has successfully overcome all the actions taken by banks and governments to destroy it.Its most important feature is that it works on a secured block chain technology.So its very hard for any coin to replace bitcoin.

[TTMNewsK]

I think it will be hard for them to replace the btc.
As we can see now, the price of btc was too far from the other cryptos. So there's still no one could ever replaced the btc.

[vasrasus]

I think it will be hard for them to replace the btc.
As we can see now, the price of btc was too far from the other cryptos. So there's still no one could ever replaced the btc.

No cryptocurrency will replace BTC since they are all just an altcoin of BTC. Theirs no way for a 1800$ worth of coin will be replace by new cryptocurrency since bitcoin are now world wide.

[umbara ardian]

Bitcoin may not be suitable to replace each coin. And each world is currently trying to create a unique coin. So another coin will replace it, or bitcoin is much more developed so it will not exist anymore. And only the future can answer it.