Will Bitcoin be replaced by another cryptocurrency?

[bubbaj]

I still think yes, it cost to much to produce a bit coin and as difficulty goes up and more mining power is required it will work out that it costs more to mine than its worth. It has shitty transaction times and now cost more than any other fiat payment to process. This is still in the infant years, another Crypto will become main stream as a payment process. BTC is out of date and out of touch as what it was meant to be.

[fullypak]

All altcoins dreamed one day that they will replace bitcoin. But dream is a dream, and it will remain a dream forever.

One time Bitcoin is also a dream. Did you imagine ever the price of the bitcoin will reach this much high? I think no one will imagine. If any one put trust and imagine means that time only they will buy and collect more coins. Now they will become millionaires. Like that who knows which coin will take the sudden rise and replace Bitcoin in future.     

[TheBTCAlex]

Currently, and in the near future, I believe this is absolutely impossible. The other altcoins and cryptocurrencies out there have nowhere as much popularity when compared to bitcoins. There is certainly very less adoption and for them to surpass bitcoin, a lot, and I do mean A LOT of people need to start using one cryptocurrency at once, to make it surpass Bitcoin, but it wont happen anytime soon as the kind of trust the bitcoin community has made upon bitcoin takes a lot of time to make and it can't be replicated anytime soon.

[RudyCenJia]

To believe (e.g. to be certain) something like that does not make rational sense.

To say that is a statistic probability makes much more sense. However, this has been discussed over and over again.

In order for the cryptocurrency space to thrive, it would be most suitable if there were multiple coins at the top and not just one (as currently Bitcoin is).

Nobody can say that either one will happen for sure, they would only be speculating. 

[ZZ8ZZ]

Banks can do whatever they want ! So yes.

[Pageot]

Bitcoin will never be replaced by any other crypto-currency, ever. It has been here the first and this is what (few) people know.

[batt01]

It is, at the very least, strange to believe that Bitcoin either will or won't be replaced by another cryptocurrency. On the one hand, at the moment is going strong, so why should be replaced? On the other hand, it has already, let's say, forked into 2, so no one can give a guarantee of it remaining stable in the future. Devoting oneself to Bitcoin implies living in the present moment.

[majdoso]

we can t know if bitcoin is going to be replaced bu another cryptocourrency or not because the world is full of surprise we can expect everything from human beings

[dasana212]

It impossible if bitcoin will be replaced by altcoin, bitcoin is pioneer and most successful. Altcoin has many constraints to beat bitcoin, for example many merchants are more receptive to bitcoin. But, maybe it could happen if bitcoin investors switch everything to altcoin.

[ModGirl]

I still think yes, it cost to much to produce a bit coin and as difficulty goes up and more mining power is required it will work out that it costs more to mine than its worth. It has shitty transaction times and now cost more than any other fiat payment to process. This is still in the infant years, another Crypto will become main stream as a payment process. BTC is out of date and out of touch as what it was meant to be.

Oh man oh man..! Have you gone crazy? Or are you drunk? Because a stable minded person never say such shit opinion. Bro it cannot even be done in imagination or dreams. There is no crypto that can compete bitcoin. It was, it is and It will always be the best crypto. It will always be ruling the world. And no matter how costly it is, people will still invest in btc.

[Japinat]

I still think yes, it cost to much to produce a bit coin and as difficulty goes up and more mining power is required it will work out that it costs more to mine than its worth. It has shitty transaction times and now cost more than any other fiat payment to process. This is still in the infant years, another Crypto will become main stream as a payment process. BTC is out of date and out of touch as what it was meant to be.

Oh man oh man..! Have you gone crazy? Or are you drunk? Because a stable minded person never say such shit opinion. Bro it cannot even be done in imagination or dreams. There is no crypto that can compete bitcoin. It was, it is and It will always be the best crypto. It will always be ruling the world. And no matter how costly it is, people will still invest in btc.

He is entitled for his own prediction but looking at the recent success of bitcoin we can easily say that it will not be replace soon.
When bitcoins are on the move to and uptrend, we see the opposite to most of the altcoins, that clearly shows how dominant bitcoin is and as its power is increasing due to increase of adoption, we should trust it will be worth for our money to invest in bitcoin.

[bohr]

I think the Bitcoin is the foundation of all cryptocurrency that exist currently. Developers can make potential virtual currencies but  I think it is impossible to replace the First and the widely used and supported Bitcoin.

The time will come that bitcoin will get a lot of issues and the foundation of bitcoin will get weaker and that is the perfect time for another cryptocurrency to shine and replace bitcoin, there is no consistent thing in the world but change, so things will change as well as bitcoin that will be replaced by another cryptocurrency.

It is not as easy as that, you cannot replace a currency the same way you replace an old phone even technology that you may think was replaced long time ago was not, a few years ago the most popular operative system for PC was Windows XP, microsoft does not even support it anymore and something similar is going to happen with bitcoin, bitcoin is not going to be replaced just because a new coin appeared.

[Bowly88]

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?

We cannot say whats going to happen on tge future, maybe yes maybe not, we cannot say whats going to be true. We can just only assumed that it will never be replaced by anything or any coins. Bitcoins are the pioneer and the most used and most successful cryptocurrencies among all. And with that fact people will never want to replace what they considered the usual. They do not want to start again and have a new coin back to level one. But we cannot say maybe in the future much successful coins will appear.

[Bosx1ne]

There is no altcoin that will surpass and obsulute the bitcoin. It is very impossible.

[Coins and Hardwork]

There is no altcoin that will surpass and obsulute the bitcoin. It is very impossible.

In terms of price and value, yes, but in terms of features and development, there are a lot of digital currencies far more better than bitcoin does. For example litecoin which has a good transaction times. Bitcoin is the digital currency so I don't think I will be seeing another altcoin that will be making a good competence with bitcoin.

[CarnagexD]

Yes, this makes sense. Bitcoin is probably not suitable for replacing every and each fiat coin in the world right now as it is and make an unique, universal coin... So another coin will probably replace it, or Bitcoin will evolve so much that it will make no more sense to call it Bitcoin. Only future will tell.

We could not tell what would happen unless it happened in reality. Meaning that the future of Bitcoin is actually broad and not specificm it could make a huge development, progress and growth by simply increasing its people support or by developing through the age of time and technology. So if this happens we do not know what is the next thing to do. So for me the best thing to do is to trust and believe on Bitcoin fortune by simply having investment and trading so that you vod have a chance to have profit and earn out of Bitcoin development.

[Mumbeeptind1963]

It impossible if bitcoin will be replaced by altcoin, bitcoin is pioneer and most successful. Altcoin has many constraints to beat bitcoin, for example many merchants are more receptive to bitcoin. But, maybe it could happen if bitcoin investors switch everything to altcoin.

Nobody can replace it. Bitcoin  has the most number of user and number of investors needed. Bitcoin cannnot be replaced nor not be gone because of the other alt coins. It will never be.

[SirPereira]

Well, I guess it depends on the timeframe you consider.

Who in 2000's would think that a coin would have a market capital almost as big as PayPal currently do?

I guess it is a matter of time. In the next 5/10 years another coin will arise. Bitcoin will still have its value of course, but new options will emerge.

[Fourgh]

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?

Not so I think. Bitcoin is the backbone and the mother of all cryptocurrency available today. Should it be replaced by another currency, I think it would be very hard to tell knowing that a lot of cryptocurrencies are now circulating the market making it very hard to attract users.

[bohr]

Well, I guess it depends on the timeframe you consider.

Who in 2000's would think that a coin would have a market capital almost as big as PayPal currently do?

I guess it is a matter of time. In the next 5/10 years another coin will arise. Bitcoin will still have its value of course, but new options will emerge.

New coins are always going to to be created the issue is if they have anything new to offer, when bitcoin came out it was revolutionary, now while some coins have some good ideas the truth is that most of the projects do not offer anything new, at best a new coin is created for a very specific need  but at the moment there is not a coin being developed that surprises me.