Will Bitcoin be replaced by another cryptocurrency?

[Japinat]

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.

I dont think so. Because bitcoin the most trusted currency as of now. So i dont think that there's anothed cryptocurrencies can beat bitcoin. Because bitcoin is known and becoming more famous as the time goes by.

A few months back, Bitcoin's share in the total crypto market capitalization was above 90%. This figure has come down to around 45% now. So you can't be certain that no other crypto can beat Bitcoin. There is a chance, albeit a small one.

With a good basis we can come up with a realistic approach, before some people think that altcoins are scam and only bitcoin is legit but now things a big and you can tell it with the lowering dominance of bitcoin in the entire market. We can never be sure what will happen in the future but give that possibility in the future, crypto is full of surprises as price can change abruptly in just a short period of time.

[richkellj]

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.

By another virtual currency? Well that will all depend on the Bitcoin community; investors, miners, developers etc. If these people lacks cooperation, then the Blockchain is likely to fall anytime and the investors will find another better currency to invest into.

[Wingo]

Considering the reputation of bitcoin today, it is nearly impossible. While bitcoin is decentralized its value will continue to increase. Bitcoin opened the idea for other crypto currencies, it started this change that we are experiencing and no one knows whether it will end or not.

[Shofiqul]

The upsides of Bitcoin are really astonishing, understanding that motivations behind interest can be reproduced and redesigned, I figure Bitcoin can be supplanted however not starting at now. We will never see what cryptographic money will overwhelm it yet I think it is conceivable. On the off chance that there is really something intriguing developed that outmaneuvers bitcoin, it can happen.

[sukoyomi]

according to my research crypto will not replace bitcoin, because between crypto and bitcoin have different vision, crypto is a support tool for bitcoin, and while bitcoin still has the highest price, it will not be replaced ,,

[karmakeddon]

There are a lot of new coins that are surfacing each and every day. And while some of these coins offer some nice features about them, nothing will surpass the price of bitcoin as where it stands. Litecoin and Ethereum are the two biggest coins next to bitcoin in price and it is nowhere near the current price of bitcoin. Bitcoin will always be the benchmark for crypto coins and everything else will be modeled from it. Bitcoin has been accepted by a lot of major companies as well as a valid method of payment, with places like Microsoft, Valve, Newegg to name a few.

[eann014]

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?

Nope, for me bitcoin will still the number 1 crypto-currencies in the world, it is already world wide that a lot of people right now are using it and for me, it is hard for bitcoin to replace by another crypto-currencies, bitcoin is already trusted.

[Rinaze]

Not in the near future by any chance (take it with a pinch of salt though). If it's that hard for the world to just accept one currency coin (and we are not even halfway there yet to be honest), how would you expect that one currency be replace by some other crytocurrency? Even if Apple or Microsoft bought over some other crypto entirely / create their own, it would be still an uphill task to overtake BTC in terms of awareness.

[Haxor321]

It can happen but bitcoin acomplished so many things that bitcoin made many people rich and too many people uses bitcoin nowadays so its not easy to replaced.The Ethereum is now threatening the bitcoin but it seems bitcoin is not threatened of what ethereum does.And bitcoin is now known in the world of cryptocurrency and many rich people invest and use bitcoin as their primary money.

[eifer0910]

IMHO I don't think Bitcoins will replace by outher altcoins coz bitcoins is so mainstream now & many investors hold it right now. I don't think they will easily dump bitcoins & change to other altcoins. Bitcoins is not yet stablished all over the world then other coins would not make it even though prize of btc is too high, what more other coins?

[Netnox]

Nope, for me bitcoin will still the number 1 crypto-currencies in the world, it is already world wide that a lot of people right now are using it and for me, it is hard for bitcoin to replace by another crypto-currencies, bitcoin is already trusted.

The market dominance of Bitcoin is now under serious threat from altcoins such as Bitcoin Cash, Ethereum, Ripple and Litecoin. Less than 50% of the crypto market cap is now accounted by Bitcoin. So I am not that optimistic about the future.

[Kronos21]

For me bitcoin is still a crypto currency # 1. It seems to me that the existence of the currency is very important to the trust. I can't trust those who betrayed the bitcoin. They showed that their own interests are more important than the community. It can bring harm to all.

[Haynes]

in my opinion, All can happen in this world, as well as bitcoin, until now bitcoins are still the main ones. But did not rule out one day will be replaced by another cryptocurrency. But I doubt it. Since the first one appears is bitcoin then bitcoin will always exist and will be the main one.

[newguy05]

Bitcoin and Ethereum are here to stay, in terms of 5 to 10 years, Bitcoin and Ether will be around. When application for commercial transaction gets wider...

[leonair]

Maybe but it is so hard to tell that one day there is a new crypto currency that will change the place of bitcoin today because bitcoin is a never ending improving coin the same with the any other altcoins out there it is just like the chance of taking out the number one is a mere impossible unless someone make a very wonderful idea about a new coin.

[MRlong]

Maybe but it is so hard to tell that one day there is a new crypto currency that will change the place of bitcoin today because bitcoin is a never ending improving coin the same with the any other altcoins out there it is just like the chance of taking out the number one is a mere impossible unless someone make a very wonderful idea about a new coin.

But the situation an altcoin on cryptocurrency world replace Bitcoin in short time is possible. Special when the fees of Bitcoin highest like now, that is best reason for us find new altcoin solve this issue.

[keeee]

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?

It is possibly possible especially when bitcoin let it be. As time goes by, upgrading each feature of a cryptocurrency is always involve. If Bitcoin will let others to beat them, replacing bitcoin as no. 1 out of all crypto is surely possible. That is why bitcoin should upgrade its features too to be still on line.

[Vishnu.Reang]

With a good basis we can come up with a realistic approach, before some people think that altcoins are scam and only bitcoin is legit but now things a big and you can tell it with the lowering dominance of bitcoin in the entire market. We can never be sure what will happen in the future but give that possibility in the future, crypto is full of surprises as price can change abruptly in just a short period of time.

You are right. Earlier, a lot of people used to think that the altcoins are mostly scam, and only a very few used to invest in them. But now the situation has changed completely. ICOs with very little backing are gathering hundreds of millions of USD.

[ckorbba]

With a good basis we can come up with a realistic approach, before some people think that altcoins are scam and only bitcoin is legit but now things a big and you can tell it with the lowering dominance of bitcoin in the entire market. We can never be sure what will happen in the future but give that possibility in the future, crypto is full of surprises as price can change abruptly in just a short period of time.

You are right. Earlier, a lot of people used to think that the altcoins are mostly scam, and only a very few used to invest in them. But now the situation has changed completely. ICOs with very little backing are gathering hundreds of millions of USD.

until recently I thought that cryptocurrency a huge pyramid and Bitcoin in the same case can greatly harm those people who engage in cryptocurrency invest their money. But now my opinion has changed dramatically, because I see the prospects for the future and the more that the legs in the state has also begin to work in cryptocurrency. They Which state structure Will not do harm to itself. Therefore, this is a very strong argument.

[bohr]

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.

True. Bitcoin has established its name among the crypto space for many years since its inception. It has been the first cryptocurrency that brought us the blockchain technology, where most of the things we have now, couldn't have been possible without it.

While it has an advantage over the markets, there could exist a possibility of becoming replaced by another cryptocurrency if it aims to provide better technology and solve many of the issues underlying the pioneer cryptocurrency. The odds of this becoming a reality are very small, but anything could happen if Bitcoin fails to deliver a solid scaling solution to handle large transaction throughput.

With the inception of Bitcoin Cash, the battle against Bitcoin has strengthened even further, increasing the possibilities of a takeover in the pioneer cryptocurrency's market cap. The final step of SegWit2x is bound to come into effect this November, so I guess that we will have to wait and see what happens by then, to be able to determine Bitcoin's future in the market. Just my opinion.

I’m not going to say that I’m not worried first bitcoin cash and now segwit2x it seems the miners are doing everything they can to undermine bitcoin credibility but at the same time I cannot stop to think that is very weird they are doing that, since they are jeopardizing their way of living if bitcoin dies then they think another coin is going to take over but I think that is not going to be the case we are going to see a massive exodus away from cryptos.