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geegaw
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May 12, 2017, 02:32:10 PM |
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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. Of course, bitcoin is the king of cryptocurrency and all the altcoins have to convert its price to bitcoin, that show the value and power of bitcoin, so we can believe that altcoin will not be able to beat or replace bitcoin for a very long time. But the future is unpredictable, every day there are so many altcoin born and maybe in the future there will be some coin that can win bitcoin. I think that can happen, the problem is only time, I believe that nothing is forever and sooner or later the bitcoin will also be the past |
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Rostadom
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May 13, 2017, 12:54:12 PM |
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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.
How exactly is bitcoin different than other cryptocurrencies? The concept is literally almost the same. Most altcoins out there are just bitcoins with a little added feature and covered up with a different name. The concept is the same. They are decentralized, you can be anonymous/pseudonymous, you can transact with everybody as long as they have a wallet, transaction is fast and cheap (although it's not the case anymore with bitcoins). So please, tell us how bitcoin is "more different" than any other coins. The only thing that makes people invest in bitcoins instead of other coin is that it's the leading one, people have already invested in it, and there are people that are protecting the market and the network. Other than that, bitcoin is no different with other cryptocurrencies especially in terms of its concept/principle. If another coin has bitcoin's position/reputation, it would probably have the same market cap or even better since altcoins tend to have better features than bitcoin (but mostly just minor features). |
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Pettuh4
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May 13, 2017, 01:23:19 PM |
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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.
Well we may currently be looking at the prices as the determining factor for strength but I think going forward into the future the world might be seeking efficiency rather than value and if we get there until Bitcoin's issues are solved the I'm afraid we risk another efficient coin replacing it even though it's the premier cryptocurrency. |
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notyours
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May 13, 2017, 02:52:49 PM |
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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.
Well we may currently be looking at the prices as the determining factor for strength but I think going forward into the future the world might be seeking efficiency rather than value and if we get there until Bitcoin's issues are solved the I'm afraid we risk another efficient coin replacing it even though it's the premier cryptocurrency. The issue that Bitcoin is facing really affects everyone as their transactions been delayed and let's hope for the best that this will be fixed because if not then I'm afraid what will become of Bitcoin since ever users as you say seeks efficiency and also a qualoty service it can offer. |
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ArticMine
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May 13, 2017, 04:05:07 PM |
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Take a look at the following chart http://coinmarketcap.com/charts/#btc-percentage 4 years ago the market dominance of Bitcoin was ~95% today it is down to below 55%. When this thread was started the market dominance of Bitcoin was ~85%. |
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ahmia39
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May 13, 2017, 05:06:42 PM |
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I think not, but dominance bitcoin in cryptoworld will continue to decrease, because altcoin widely used by user as an alternative for both transactions and or for trade.
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Bitmedrano040117
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May 13, 2017, 06:08:39 PM |
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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?
In my own opinion with that things, Bitcoin can never be replace by the other cryptocurrency as long there bitcoin always leading the value price compare to acltcoins. But if there is some altcoins someday that can surpass the price of bitcoin I think that the time I could say that there is altcoin can replace into bitcoin. |
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CrackDown
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May 13, 2017, 06:27:42 PM |
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will be there the most usefull altcoin, but btc will be like a Gold in real world and people use alt coin for daily transaction such as dash/monero/eth..people did not use bitcoin for daily transaction because of the transactions fee spikes..
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Alif Mahardika
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May 13, 2017, 07:15:58 PM |
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Yes it could happen but i doubt very much it will happen, because Bitcoin the most popular than any cryptocurrency  |
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dissident
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May 13, 2017, 07:55:44 PM |
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XEM with Catapult. 3000+ transactions per second with low fees. Much less electricity usage. Just as secure. A natural evolution to what was a great invention in it's own right. Less inter coin politics as well by people who want to preserve the status quo.
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FasTroy
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May 13, 2017, 08:13:00 PM |
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Yes it could happen but i doubt very much it will happen, because Bitcoin the most popular than any cryptocurrency I don't think that any cryptocurrency can beat bitcoin and replaced it. Bitcoin is really strong enough to get replaced. Nowadays we see a lot of cryptocurrencies grow in the market. I mean with price side, Like Ethereum or dogecoin etc.. but this isn't mean that they could replace bitcoin. |
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leopard2
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May 13, 2017, 09:03:12 PM |
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There must be a solution for scalability, or it will be replaced. Less people realize that fungibility is also a massive issue that needs to be fixed! Cash, by law, is fungible but BTC is not, and if we get to a point where you can get in trouble for receiving tainted BTC, people will stop using it.  |
Truth is the new hatespeech.
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--DarkSecrets--
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May 14, 2017, 01:59:25 AM |
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XEM with Catapult. 3000+ transactions per second with low fees. Much less electricity usage. Just as secure. A natural evolution to what was a great invention in it's own right. Less inter coin politics as well by people who want to preserve the status quo.
Xem also have a used but there is no such adoptation other then bitcoins that are circulating now in every part of the world .Every alternative currency have its own use and market so it may have a particular use in some thing but not like bitcoins. Bitcoins is not guarantee to be unreplaceable but its use in the future will guarantee that it will rise more than the other coins. |
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deisik
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May 14, 2017, 07:04:39 AM |
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Less people realize that fungibility is also a massive issue that needs to be fixed! Cash, by law, is fungible but BTC is not, and if we get to a point where you can get in trouble for receiving tainted BTC, people will stop using it. Honestly, I don't quite understand what you refer to here You say that cash is fungible while Bitcoin is not and this is by law. But law (as a system of laws adopted by a government) is not applicable here (unless you mean the laws of nature, of course). Something is considered fungible if it possesses specific qualities that make it fungible. Basically, it is the property of individual units to be capable of mutual substitution, i.e. to be fungible they should be freely interchangeable. What does the law have to do with it? Indeed, you can announce that certain bitcoins from certain addresses are outlawed but that would quickly come down to outlawing all bitcoins since you can use mixers, create new wallets, then divide and move your coins there and so on. In other words, fungibility is guaranteed by the network, and to ban a few bitcoins you will have to ban the whole Bitcoin network |
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fujyo86
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May 14, 2017, 09:26:30 AM |
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Bitcoin is most successful cryptocurrency ever in world. A bit difficult if bitcoin can be replaced by another crypto. Bitcoin stays in front of all cryptocoin. In future, there will be only a few surviving cryptocoin.
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stripykitteh
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May 14, 2017, 12:19:16 PM
Last edit: May 31, 2017, 08:05:41 PM by stripykitteh |
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Take a look at the following chart http://coinmarketcap.com/charts/#btc-percentage 4 years ago the market dominance of Bitcoin was ~95% today it is down to below 55%. When this thread was started the market dominance of Bitcoin was ~85%. Bitcoin will stay as it is because there is no other cryptocurrency right now that can break the hype of Bitcoin. Since the people that trade Bitcoin already know that the whole purpose of trading Altcoins is just so they could get more Bitcoin explains my point. If you want to go even further to say that there's different types of Altcoin pairs that does not involve Bitcoin as the payout then I will just stop you to state that the reward made from trading that pair is more than likely going to get traded for Bitcoin, do the math. |
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stompix
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May 14, 2017, 12:29:26 PM |
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XEM with Catapult. 3000+ transactions per second with low fees. Much less electricity usage. Just as secure. A natural evolution to what was a great invention in it's own right. Less inter coin politics as well by people who want to preserve the status quo.
Wwo... 3000 transactions per second capacity... And in real life around 30 a day because nobody gives a damn about it. Take a look at the following chart http://coinmarketcap.com/charts/#btc-percentage 4 years ago the market dominance of Bitcoin was ~95% today it is down to below 55%. When this thread was started the market dominance of Bitcoin was ~85%. Let's make a chart about the number of shops accepting bitcoins and altcoins. 4 years ago... btc 100% altcoins 0% now btc 100% altcoins 0% |
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iqlimasyadiqa
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May 14, 2017, 12:29:43 PM |
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Bitcoin is a digital currency that has power in the world market. Today bitcoin becomes a pioneer for all digital currencies.
I'm sure bitcoin can be like a dollar, bitcoin will be the benchmark of everything and also become the most popular digital currency.
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Ziskinberg
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May 14, 2017, 12:49:50 PM |
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XEM with Catapult. 3000+ transactions per second with low fees. Much less electricity usage. Just as secure. A natural evolution to what was a great invention in it's own right. Less inter coin politics as well by people who want to preserve the status quo.
Wwo... 3000 transactions per second capacity... And in real life around 30 a day because nobody gives a damn about it. Take a look at the following chart http://coinmarketcap.com/charts/#btc-percentage 4 years ago the market dominance of Bitcoin was ~95% today it is down to below 55%. When this thread was started the market dominance of Bitcoin was ~85%. Let's make a chart about the number of shops accepting bitcoins and altcoins. 4 years ago... btc 100% altcoins 0% now btc 100% altcoins 0% No altcoins can compete with bitcoin because bitcoin has emerged already as the most popular crypto currency, most of the altcoins are existing now because they do not literally compete with bitcoin and they can be happy to co exist with each other. Right now, IMHO, Ethereum is the altcoin because there are plenty of development that was build on top of it and I am sure more to come, but to replace bitcoin I don't thing there is a bigger chance. |
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Rinder
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May 14, 2017, 02:26:30 PM |
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You compared shops using bitcoin and another altcoins, but lets take a look over others altcoins that are getting more popular nowadays, wich make them to be worth and who know someday replace bitcoin. Bitcoin still bigger investment but altcoins are getting closer it, and with some solutions and low fees transactions, something bitcoin still and wont be able to improve, like the time to get confirmed a transaction.
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