Will Bitcoin be replaced by another cryptocurrency?

[Nivir]

It actually is possible for Bitcoin to be replaced by another cryptocurrency in the far future. Almost every week there are new coins and tokens created and every time it is created it is well developed than the previous one so there might be a big possibility in the future that it could be replaced by a much better cryptocoin. But still I'd be holding on to bitcoins if ever that happens.

[pugman]

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?

Obsolete,not sure about that, but possibilities are there for bitcoin to be replaced,so you never know what is going to happen ,so better be prepared for what will happen in the future,cause at the end of the day,anything is possible. I wont like bitcoin to be replaced by any other crypto-currency because bitcoin is just any day better than any other crypto-currency.

[babygun]

Bitcoin has been the first cryptocurrency and is still number one (by far).
I think bitcoin has the best fundaments and will always be on top. Ethereum and litecoin can come close but I don't think they will overtake bitcoin

[wearepoor]

There are many crypto currencies but none of them can replace Bitcoin atleast not is this century as none them are capable enough.To replace Bitcoin, crpyto currency should be as popular and in demand as bitcoin is because all crypto currency depends on people's demand.But anything can happen in future as a better crypto currency may form with better features than Bitcoin then it can replace Bitcoin.

Yes, there are many crypto currencies which came after the bitcoins but all failed to match the bitcoins. ETH is performing well but it is far behind and there no chance for ETH to replace the bitcoins. Infact, there are many coins which are already dead in the cryptomarket.

[wallstone]

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?

I think bitcoin would not replaced by another cryptocurrency because bitcoin is the father of all cryptocurrecy and its the first cryptocurrency. In addition to that, I guess bitcoin will still the number one cryptocurrency even there are new cryptocurrency. Lastly, I think bitcoin will be on the top of all cryptocurrency.

[karisiak123]

Maybe this is true to think this is very likely to happen in the future, if now there is better technology than bitcoin so we wait for the next few years.

[Dart18]

Bitcoin will be replaced by ethereum

That is funny.
I know ethereum is doing good but there is much it must go on for it to take over the position of bitcoin.
I got some ethereum and I cant even withdraw it as cash. That is one problem.
How about exchanges. They prefer bitcoin over ethereum when ot comes to buying altcoin or just simple USD.

[geyayy]

I dont think so, what made you think that it will be replaced by another crypto currency? Bitcoin is the most trusted crypto now and has the largest value. Even the one on second place to bitcoin can't replace it. It has made its name to the community for ages.

[Colt22]

It's still possible to hapoen but the possibilty of that thing happen is so low i think.
But we don't know what will happen in future actually I was hoping it would not happen

Since the bitcoin has been invented many cryptocurrencies have tried to take it over but not even has succeed till now. And bitcoin is in fact growing day by day. People are using it and their number is increasing. I don’t think that bitcoin can be replaced. Because in past we have seen many incidents of crypto taking over bitcoin but failed and I think in future same will happen.

[Youghoor]

Of course, the new crypto will be able to replace Bitcoin. But Bitcoin has a longer future. According to me, the crypto money that could be the only competitor to Bitcoin in the future could be Ethereum right now. A lot can change in 2018.
It is not investment advice. That's my idea.

Why do you think ethereum could replace bitcoin?
Ethereum is having a lot of issues, is being hacked every month. Their tokens are not totally safe 100%.
But ethereum has one thing that a lot of cryptos doesnt have. Every person who likes cryptos, likes ethereum too, and that makes it popular and atractive to investors.
It cant replace bitcoin, but it will stay being the #2 forever.

[PointHope]

This a fascinating question which brings up even more interesting questions as the dawning of the blockchain systems become reality in maintream culture.

Bitcoin is just the begining of the world awakening to how the current greedy top heavy government systems of banking fraud and pandering to big military/police and hig pharma are the things which are going to be obsolete.

The Bitcoin is but the begining of a new age of personal freedom, and responsibility.
 Current central government and banking have clearly failed to responsibly manage our food, water, and environnent.

We are about to see a whole new world open up to the rejection of current big government and associated big corporate culture.

We are about to see a world of 7 billion little governments armed with their handheld super computers rejecting militaristic nationalistic corporate consumer bullshit.

Bitcoin isn't just an evolution of the internet but also a revolution against a centralized culture which seeks to enslave and dominate.

It is the now censored centralized social media like google, facebook, and youtube which are rapidly becoming obsolete.

[GreenBits]

Of course. We are less than a decade old. What other thing have survived more than a decade, but has existed in its original state? Ill wait.


the only constant thing in this world, is change. There is always space for improvement, and this is pretty much the aim of legitimate alts; impovement. They all have different strengths and weaknesses; the fact that there are so many makes a complete, rounded economy

and improvement is democratically accepted, via the BIP protocol. bitcoin, actual bitcoin, will never replace fiat. its the prototype; how many cars have we made since we completed the Model T? Many coins will come after bitcoin, this is just the beginning. I used to be a maximalist, but now Im of the mind to let Satoshi's shit be, this isnt what he wanted from all this.


although bitcoin is the most trusted, which is like, everything in this non reversible place, if another cryptocurrency appears with stronger/more convincing features; bitcoin will be yesterday.

Value the technology. Not the asset.

[Skol600ml]

Bitcoin will be replaced? I don't know, but surely it should.

[claudiotiego]

No other currency has been able to replace bitcoin so far, although many currencies were launched in those years. I think Bitcoin will continuing to rule cryptocurrency market as long as it can be mined.

[mobilestrike]

Maybe this is true to think this is very likely to happen in the future, if now there is better technology than bitcoin so we wait for the next few years.

I don’t believe on this. Bitcoin is a crypto currency which change the major systems of the world. Where people used to use paper money, now they use bitcoin for their payments etc. bitcoin’s features are itself the proof of that it is the most emerging thing now. And yes, it will have big competitors in the future but the pioneer always is pioneer. It all started with bitcoin, so bitcoin can never be replaced by a crypto.

[DoublerHunter]

Maybe this is true to think this is very likely to happen in the future, if now there is better technology than bitcoin so we wait for the next few years.

I don’t believe on this. Bitcoin is a crypto currency which change the major systems of the world. Where people used to use paper money, now they use bitcoin for their payments etc. bitcoin’s features are itself the proof of that it is the most emerging thing now. And yes, it will have big competitors in the future but the pioneer always is pioneer. It all started with bitcoin, so bitcoin can never be replaced by a crypto.

It is not always like that, if there will be a huge problem with bitcoin then the users of bitcoin will find another cryptocurrency that will help them to escape from that problem and with the other cryptocurrency they can continue their journey. If there will be cryptocurrency that has better features and capabilities then that will become a replacement for bitcoin.

[Sohailul]

Yes. If other cryptocurrency's value increase like bitcoin.
 Even other crptocurrency's value is equal or high than bitcoin.
 So, will bitcoin be replaced by another cryptocurrency.

[PointHope]

Maybe this is true to think this is very likely to happen in the future, if now there is better technology than bitcoin so we wait for the next few years.

I don’t believe on this. Bitcoin is a crypto currency which change the major systems of the world. Where people used to use paper money, now they use bitcoin for their payments etc. bitcoin’s features are itself the proof of that it is the most emerging thing now. And yes, it will have big competitors in the future but the pioneer always is pioneer. It all started with bitcoin, so bitcoin can never be replaced by a crypto.

It is not always like that, if there will be a huge problem with bitcoin then the users of bitcoin will find another cryptocurrency that will help them to escape from that problem and with the other cryptocurrency they can continue their journey. If there will be cryptocurrency that has better features and capabilities then that will become a replacement for bitcoin.

I think we are already seeing the future take shape.

It  isn't going to be a "one size fits all" proposition. We are already seeing how other coins like ETH, DASH and a few others have evolved to address more local and specific markets applications.

From what I'm observing now is how the other coins are bringing stability to bitcoin and cryptocurrency applications.

It is perhaps our old way of thinking to seek the supposed "one" coin of the future is not the right way. After all, the super computing tecnology which we have at our fingers could mean everyone might have their own personalized coin...

Who knows, but the possibilities seem rather big and beyond anything we can imagine now.
 
Back in 1993 the technology we take for granted now was unimaginable.

We are on the cusp of a similar step of cultural/techno evolution.

Hang on for a wild ride!

[Diluman]

Bitcoin will be replaced by ethereum

That is funny.
I know ethereum is doing good but there is much it must go on for it to take over the position of bitcoin.
I got some ethereum and I cant even withdraw it as cash. That is one problem.
How about exchanges. They prefer bitcoin over ethereum when ot comes to buying altcoin or just simple USD.

What do you think of Bitcoin Cash? It has simple set up and it can do a hard fork to adopt SegWit if it is more advantages?

[Casalania]

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?

yes it will but in short percentage. bitcoin is very famous now compare to others. in trading they prepfer to use bitcoin as main currency to exchange it for altcoins.