Will Bitcoin be replaced by another cryptocurrency?

[Ucy]

Very likely if the current high fee & unconfirmed transaction aren't fixed. Taking way too long to send or receive Bitcoin thisdays. Heard Litecoin has solution to the problem with the recent segwit adoption thing.
Wonder what is delaying them from using the Litecoin services. Competition really needs to be encouraged otherwise Bitcoin may never fix its problem.

[AK47-]

Certainly this can happen. But this will take time. Bitcoin has a first mover advantage. The market cap of bitcoin is almost $28 billion. No other cryptocurrency is even half way of it. Moreover, bitcoin is the most popular one too. Yes, there are cryptocurrencies which are better than it in many ways. But still they have long to go to overcome the pace of bitcoin.

[NatsuDragneel]

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?

For my opinion that is impossible because bitcoin is now more getting stronger than the other cryptocurrencies. There's no other cryptocurrency that match to a bitcoin even in the future I predict that the bitcoin is always no.1 cryptocurrency.

[Yutikas_11920]

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

Indeed the future basically nobody can define, because it is the absolute future can only be known by God. But if we look at the technology of the bitcoin, I think it's a great advantage to progress or for those of us who want to keep a small part of the bitcoin for the future. For if I see from your existing data, bitcoin will become viral and greater than now. Because it's very lucrative, visible bitcoin so be someone that has some future so bitcoin can benefit
 

[rchstr]

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?

For my opinion that is impossible because bitcoin is now more getting stronger than the other cryptocurrencies. There's no other cryptocurrency that match to a bitcoin even in the future I predict that the bitcoin is always no.1 cryptocurrency.

the psychology of an investors was they would go to the more reliable and stable crypto. bitcoin will be their first choice as it is the well known in the field of crypto currency. but yet there's a lot of alternate coins that has a lot of potentials.

[krisnt80]

I dont believe it can be replaced due to high ammount invested over it, but at the moment there are better coins to do any transactions, charging a low fee and nowadays with the financial issues over the world we need to protect our money, using bitcoin has becamed worse then paypal to low ammounts.

[mad3]

Although Bitcoin is slowly growing in popularity, despite all of its various problems, there remains a certain psychological security in a currency held in one's hand. Moreover, fears of hacking, viruses, and other attacks on the entire financial foundation of a nation via purely digital means will likely make most nations slow to adopt such a form of currency

[Rizky Aditya]

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?

For my opinion that is impossible because bitcoin is now more getting stronger than the other cryptocurrencies. There's no other cryptocurrency that match to a bitcoin even in the future I predict that the bitcoin is always no.1 cryptocurrency.

yes you are right that it is impossible that bitcoin will be replace by some other cryptocurrencies because bitcoin is getting stronger and stronger than the other cryptocurrencies as looking at the price of bitcoin and also bitcoin popularity took much time and now many people are attached to the bitcoin and i think the bitcoin will be always no.1 currency in competition with other cryptocurrency.

[gordoh]

In my humble opinion, Bitcoin has gone way down since I learnt about it in 2011. Not down in value but down in quality. It used to be that for a tiny little fee you could transfer bitcoin instantly from 1 address to another. That's not the case anymore. These days if you don't put a substantial fee through you end up waiting days for your bitcoin to get through the system. The cost to transfer your Bitcoin and the waiting time is killing the currency.

I doubt an altcoin will replace bitcoin but I do feel like it will be able to run head to head with bitcoin in the future. I have no idea which coin though, I guess time will tell.

[electronicash]

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?

For my opinion that is impossible because bitcoin is now more getting stronger than the other cryptocurrencies. There's no other cryptocurrency that match to a bitcoin even in the future I predict that the bitcoin is always no.1 cryptocurrency.

yes you are right that it is impossible that bitcoin will be replace by some other cryptocurrencies because bitcoin is getting stronger and stronger than the other cryptocurrencies as looking at the price of bitcoin and also bitcoin popularity took much time and now many people are attached to the bitcoin and i think the bitcoin will be always no.1 currency in competition with other cryptocurrency.

its possible you'll see.  bitcoin will soon be replaced by ripple base on marketcap. bitcoin will still have the value of more than $1500  and ripple will still have the value of less than $10 but their marketcap will be over how much btc has. those entities involved in xrp are way richer than bticoin and eth combined.

[deisik]

Altcoins never replace bitcoin, because the coins that grew once after the existence of bitcoin too is under critics and have never reached high. Recently few altcoins pumped high generating a hope among the users that it might replace bitcoin which is simply an impossible fact.

Absolutely correct, there is no any chances that bitcoin will be replaced by other crypto currency because of the major reason that they are just an alternative coin. Altcoins are just being made to support and lift BTC, they may have a unique feature but they it is not enough to beat the foundation of the father of digital money.

We have different perception, as for me there is a small chance bitcoin will be replace by other coin.
It will happen when we will not support bitcoin because we see there is a better one so it is possible but could take time to happen.

Very difficult because bitcoin has reach to masses now and every one knows mostly about bitcoin irrespective if they own it or not that is different story. While on other hand there were 1000's of altcoin created last year and if you check only handful today exists or have value in market. What happened to those which were supposed to be atleast there for some time but now disappeared. Even some alt coin to come near to bitcoin will take a decade unless suddenly bitcoin goes down or pump out by China

How long have you been frozen?

China is no longer relevant. Not that it had been much relevant before, but we were at least made to believe somehow that it was a major player. Until the Chinese central bank came out and disillusioned us. As Warren Buffett likes to say, when the tide goes out you discover who has been swimming naked. And the PBoC did exactly that, i.e. it had shown us that the Chinese Bitcoin dominance was no more than hype and illusion

[channingwilmer]

I think Altcoin can not replace bitcoin but yes their are some good Altcoin that can be used in place of btc like monero,Torcoin ect.
But bitcoin is the king of crypto and hence can not be replaced.

Altcoins never replace bitcoin, because the coins that grew once after the existence of bitcoin too is under critics and have never reached high. Recently few altcoins pumped high generating a hope among the users that it might replace bitcoin which is simply an impossible fact.

Hey kid, if you do not have any knowledge in this field, stop making yourself become a joke. Bitcoin is just a prototype which lead to the cryptocurrency revolution. It can never become as great as other cryptos which are born later. Therefore, stop holding Bitcoin if you want to be rich

[QuestionAuthority]

Everything is replaced eventually.

That's possible but the question is when?

That's easy. As with all things, when something better comes along bitcoin will be replaced.

The technology, computer science and programming world doesn't sit still in a vacuum. It won't take as long as people believe.

Who will take over then, I guess Ethereum has a greater chance, it was my bet because I believe in the team behind ETherem and Vitalik was a genius man, he has the passion of what he is doing. If you compare the price there is a big disparity since the adoption of bitcoin is bigger and wider but as you said there will be a change in the future so it makes sense if I will hold some alts to prepare for that time.

Why does it need to be something connected to the current system of Bitcoin or all the script coins? It could be something completely different or unimaginable at this point.

[Osarman]

I dont believe it can be replaced due to high ammount invested over it, but at the moment there are better coins to do any transactions, charging a low fee and nowadays with the financial issues over the world we need to protect our money, using bitcoin has becamed worse then paypal to low ammounts.

i agree with you because bitcoin is very much stronger currency and a lot of adoption and bitcoin users increasing too much faster and we know that bitcoin is available in everywhere for online transaction and bitcoin getting much more stronger everyday.

[deisik]

Everything is replaced eventually.

That's possible but the question is when?

That's easy. As with all things, when something better comes along bitcoin will be replaced.

The technology, computer science and programming world doesn't sit still in a vacuum. It won't take as long as people believe.

Who will take over then, I guess Ethereum has a greater chance, it was my bet because I believe in the team behind ETherem and Vitalik was a genius man, he has the passion of what he is doing. If you compare the price there is a big disparity since the adoption of bitcoin is bigger and wider but as you said there will be a change in the future so it makes sense if I will hold some alts to prepare for that time.

Why does it need to be something connected to the current system of Bitcoin or all the script coins? It could be something completely different or unimaginable at this point

I conceptually agree with this point

Just like before Bitcoin it was impossible to imagine a decentralized currency circulating in a trustless network and built on the blockchain technology (even this technology itself was completely unfathomable merely a decade ago), it may be as impossibly to envisage the next stage in the evolution of money. In such cases I always advise people to watch the movie In Time to get a glimpse of what a future money could look like and how different it might be from what we are familiar with

[adammalikba]

ripple could very well take over bitcoin as it becomes decentralised with less cyphers

[virasog]

ripple could very well take over bitcoin as it becomes decentralised with less cyphers

Ripple is a good altcoin but it is not comparable to bitcoin. You can see the difference in Volume and price of Ripple and Bitcoins. Even it is no way near the ETH, DASH or litecoin established altcoins. It can be a good alt in future but first it has to compete with other altcoins before given any competition to bitcoins .
Even from my point of view, the 2nd best crypto currency ETH will not replace or overcome Bitcoins in next few years.

[GetClams.com]

Everything is replaced eventually.

That's possible but the question is when?

That's easy. As with all things, when something better comes along bitcoin will be replaced.

The technology, computer science and programming world doesn't sit still in a vacuum. It won't take as long as people believe.

Who will take over then, I guess Ethereum has a greater chance, it was my bet because I believe in the team behind ETherem and Vitalik was a genius man, he has the passion of what he is doing. If you compare the price there is a big disparity since the adoption of bitcoin is bigger and wider but as you said there will be a change in the future so it makes sense if I will hold some alts to prepare for that time.

Why does it need to be something connected to the current system of Bitcoin or all the script coins? It could be something completely different or unimaginable at this point

I conceptually agree with this point

Just like before Bitcoin it was impossible to imagine a decentralized currency circulating in a trustless network and built on the blockchain technology (even this technology itself was completely unfathomable merely a decade ago), it may be as impossibly to envisage the next stage in the evolution of money. In such cases I always advise people to watch the movie In Time to get a glimpse of what a future money could look like and how different it might be from what we are familiar with

Bitcoin will always be respected and will never go away. But as in above, as a practical matter its just a matter of time.  Probably sooner then we think. Dont forget a billion just took a position it Tezoz. He could turn the industry on its ear with one announcement. And they are not the only ones. The 2nd wave is upon us.

[Ethan_Locke]

As Lauda very rightly said, no one has a Crystal ball. Bitcoin is a very clear market leader within its space and despite the fact it has many indirect and direct competitors, with the market saturation as it currently stands it will be difficult at this stage for some other form of cryptocurrency to take its spot without a fight. However with the amount of investment and innovation within this area I would personally say that it is only a matter of time before it is replaced by a more flexible, diverse and scalable business model that serves a its function in a more heterogenous way.

[Ewinsane]

I dont believe it can be replaced due to high ammount invested over it, but at the moment there are better coins to do any transactions, charging a low fee and nowadays with the financial issues over the world we need to protect our money, using bitcoin has becamed worse then paypal to low ammounts.

i agree with you because bitcoin is very much stronger currency and a lot of adoption and bitcoin users increasing too much faster and we know that bitcoin is available in everywhere for online transaction and bitcoin getting much more stronger everyday.

yeah bitcoin is very much stronger currency and its very a big challenge for other cryptocurrency because bitcoin adoption is very much higher and there is a lot of services available on bitcoin and there is no one other cryptocurrency is available for online shopping than bitcoin.