Dudy
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September 29, 2017, 06:23:35 PM |
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At the moment it is very difficult but in near years we never know what will happen but since bitcoin network is stable and trusted by people whom use bitcoin it will not be easy and again some coins can follow BTC but to be replaced I don't think so
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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2taps
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September 29, 2017, 07:33:40 PM |
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I think in spite of the fact that Bitcoin is gradually developing in prominence, regardless of the greater part of its different issues, there remains a specific mental security in a money grasped. Besides, fears of hacking, infections, and different assaults on the whole money related establishment of a country through absolutely computerized means will probably influence most countries to ease back to receive such a type of cash and Good point. For whatever length of time that many individuals still accept and put resources into bitcoin, it can never go down.
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2taps
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September 29, 2017, 07:55:42 PM |
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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.
Bitcoin is not slowly growing in its popularity. It becomes more popular than before. The important thing to know about bitcoin is the characteristics, the benefits, and its advantages. The first reason that Bitcoin has a vast advantage over newer cryptocurrency is their network effect. What if you are a buyer o seller? What will you choose? A bitcoin or other cryptocurrency like litecoin? Because of the power and popularity of bitcoin, you/they will choose bitcoin. The stability is one reason why they choose bitcoin. Bitcoin will not be replaced by another cryptocurrency. Nothing will stable in the real world, who knows coming days the Bitcoin price may go down and it will go below 100$. We can not predict the digital currency market. Anything can happen in this market. But as per now, the Bitcoin is ruling digital currency world. And it reached the highest value. No other crypto will reach this price. So the bitcoin is famous. A few ICO ventures have been existing in light of the blockchain stage. Among every such venture just not very many are fruitful because of the uniqueness. Most activities don't move further to the following level. So nowadays just the coins that have long time survival like bitcoin, for example, wherein or Monero develop conceivably. Yet, this won't supplant bitcoin as bitcoin remains a few stages ahead. |
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warr1979
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September 29, 2017, 08:17:59 PM |
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Although Bitcoin is slowly growing in popularity, despite all of its various problems, there remains a certain psychological security in a currency held in one's hand. Moreover, fears of hacking, viruses, and other attacks on the entire financial foundation of a nation via purely digital means will likely make most nations slow to adopt such a form of currency.
Bitcoin is not slowly growing in its popularity. It becomes more popular than before. The important thing to know about bitcoin is the characteristics, the benefits, and its advantages. The first reason that Bitcoin has a vast advantage over newer cryptocurrency is their network effect. What if you are a buyer o seller? What will you choose? A bitcoin or other cryptocurrency like litecoin? Because of the power and popularity of bitcoin, you/they will choose bitcoin. The stability is one reason why they choose bitcoin. Bitcoin will not be replaced by another cryptocurrency. Nothing will stable in the real world, who knows coming days the Bitcoin price may go down and it will go below 100$. We can not predict the digital currency market. Anything can happen in this market. But as per now, the Bitcoin is ruling digital currency world. And it reached the highest value. No other crypto will reach this price. So the bitcoin is famous. it is possible, although for that to happen another cryptographic money would have for instance to solve the issue with bitcoin's charges or offer better exchange affirmations time so everything comes down to whether there would be a digital money which would be superior to anything BTC concerning parameters and operations,also we should not overlook that BTC has been the main for quite a while and it won't be simple for it to lose it's pioneer put. Everything is possible and nothing can keeps its value forever, rememeber that. Example: Samsung, in the past this company only has the field about smartphone, but only after 2 years from 2015 till 2017, it changed the influence of hardware computer and become one of the most popular brands  . |
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razzbee
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Activity: 182
Merit: 100
Transcodium - The Future of Transcoding
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September 29, 2017, 08:31:48 PM |
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It could happen but maybe in the long run, but currently it might seem not possible. Another way it can happen very fast is when bitcoin fees goes too extreme or problems starts emerging and nothing is done about it
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wizmo
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September 29, 2017, 08:35:31 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?
it's possible but it will take years for any coin to be replaced with bitcoin. Bitcoin is most populer coin currently and widely accepted so I think it will tuff for any other coin to replace bitcoin. |
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adzino
Copper Member
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Activity: 2968
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
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September 29, 2017, 08:41:31 PM |
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It could happen but maybe in the long run, but currently it might seem not possible. Another way it can happen very fast is when bitcoin fees goes too extreme or problems starts emerging and nothing is done about it
Bitcoin has very good developer support, and i don't think there would be any kind of problem that would cause bitcoin to die. Even though if there are such problems, fixes and solution will be found and put forward soon. Even though the fee might become an issue, bitcoin still might not die since people will still use it as a store value. |
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nejibens
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September 29, 2017, 08:42:05 PM |
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I think no crypto currency can really replace Bitcoin, in fact all the other crypto currencies depend in their prices and trading stats with Bitcoin itself. The second best valuable and used altcoin now is ETH but it still far from replacing Bitcoin
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futuret
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September 30, 2017, 06:58:14 PM |
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I think it is of great possibilities. Maybe oneday it will be replaced by bcc. What do you think of it
I think you are right bitcoin is going to make the other currency disappear because the chance of the profit in bitcoin is much higher than the other currency. The value of the bitcoin is increasing and it is still growing in price as well because the demand of the bitcoin is getting high. So the existence of the bitcoin will always be above all. |
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FrankNoland
Copper Member
Sr. Member
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Activity: 560
Merit: 253
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September 30, 2017, 07:41:23 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?
I think it will be very hard for any other currency to replace bitcoin since bitcoin is been longer in the game than any other currency. If there is an altcoin that will take over bitcoin then it will be ethereum. The reason why I am saying this is because a lot of altcoins are built on ethereum platform, you need ethereum to make transactions, this means that they will be too much demand for ethereum which will make the value go higher, still not sure if it will surpass bitcoin. |
Digital asset exchange for settlement, clearing, custody and trading of various digital assets, utilizing distributed ledger technologies, programmed on the blockchain -https://bex.global
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brainape
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September 30, 2017, 07:47:30 PM |
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Bitcoin will not be replaced by another cryptocurrency as it is far superior than any of it's competitors. The people that are working on Core are the best in the world and have the highest values in the world.
I don’t think this will happen but might be possible to replace because of many reasons like the quality of currency if good quality currency came out to market and people started following it then bitcoin will also goes down and wiped out but this is not possible because now bitcoin is on the top and people much like to invest in bitcoin not in others. |
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Cindy1983
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September 30, 2017, 07:53:49 PM |
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Maybe it will be but not right now or next 5 years cause I think it will not happen when the total supply of Bitcoin is not mined out and it's really difficult to replace Bitcoin when price of Bitcoin is too high so I think it's really hard to replace the first place of Bitcoin on the marketcap. It's hard but not impossible so I still think Bitcoin will not be at the 1st place anymore and there will be some coin replace that place with better volume and higher price but not right now or in near future I think this case will only happen in next 10 years  ) |
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Lancelot04
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September 30, 2017, 07:57:15 PM |
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Yeah. Senselessly, it can happen. But, it depends for the consensus of all people that are in the community to decide wether that particular coin could ever defeat Bitcoin in the long run.
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doch
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September 30, 2017, 08:13:26 PM |
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It might be possible that BTC will be "replaced" by a new cryptocurrency which will be spread and rolled Out by Big companies in the Future.
But i don't think BTC will be replaced by a - now existing - cryptocurrency
Yes you are right it can be possible when the currency change mind if people and show then an advance future life then that currency will popular from all others and people will love to invest in that currency but as we know the top currency is bitcoin now a days and I hope this currency will show the world that how it change people life and make their life. |
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lalabotax
Full Member
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Activity: 1512
Merit: 132
BK8 - Most Trusted Gambling Platform
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September 30, 2017, 08:22:37 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?
do you think the most qualified criteria of these coins ? if I may say, I dont know any other coins that can beat bitcoin, certainly not impossible can always be replaced. but if you look at the track record of bitcoin so far, there is no strong candidate to beat bitcoin. |
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zikabra
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September 30, 2017, 08:27:07 PM |
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It could happen but maybe in the long run, but currently it might seem not possible. Another way it can happen very fast is when bitcoin fees goes too extreme or problems starts emerging and nothing is done about it
Fees will go down, bitcoin is not replaceable. Whoever enters crypto world is doing it because of bitcoin, not any other altcoin, this community is still young and more people are yet to come - and not because of altocoins. |
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Snaic
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September 30, 2017, 08:42:47 PM |
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While there is no need to replace bitcoin with another crypto currency, I hope that such a need will not arise in the future. Bitcoin as a digital technology does not stand still, but develops and continuously improves. This is constantly monitored by his team of developers and various techies, eliminating its vulnerabilities and making it more convenient and perfect.
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kriptotr
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September 30, 2017, 08:43:52 PM |
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It could happen but maybe in the long run, but currently it might seem not possible. Another way it can happen very fast is when bitcoin fees goes too extreme or problems starts emerging and nothing is done about it
Fees will go down, bitcoin is not replaceable. Whoever enters crypto world is doing it because of bitcoin, not any other altcoin, this community is still young and more people are yet to come - and not because of altocoins. Even if fees go up, the other altcoins cannot replace bitcoin. Bitcoin's demand and adoption is way above of other coins. This will maintain forever, if you ask me. It will dominate the world. |
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fitriyanti
Jr. Member
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Activity: 54
Merit: 10
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September 30, 2017, 08:48:17 PM |
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I think nothing will be able to shift the bitcoin value for now. since the popularity of bitcoin will hold up the bitcoin price.
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mammoniter
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September 30, 2017, 09:06:07 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?
I think if bitcoins reach its cap that will result to increase in supply but will lessen its demands then maybe another cryptocurrency will step up and easily outshine bitcoin but I doubt that it will replace bitcoin totally, maybe there would be a seasonal trade off of reds and green In the market charts but not replacing one another. |
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