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Author Topic: Will Bitcoin be replaced by another cryptocurrency?  (Read 186361 times)
FDC1412
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October 27, 2017, 10:17:21 AM
 #2741

I think bitcoin can and will be replaced by another cryptocurrency but as of now i see bitcoin to be the only reliable cryptocurrency existing. Bitcoin also is as of today the highest valued currency and therefore the most used. Many other cryptocurrencies are existing today but still their values and their transaction process are still limited and unsafe. Replacing bitcoin is imaginably impossible since the market is openly transacting and improving the bitcoin community and is becoming more application friendly to the users.

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Delarock
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October 27, 2017, 10:34:39 AM
 #2742

I do not think that this can even happen, the bitcoin is so big and the altcoins are still pretty small compared with the bitcoin.
Maybe in the far future that this can happen but.
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October 27, 2017, 10:36:56 AM
 #2743


if not bitcoin. others do not give much reliance in the long term
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October 27, 2017, 10:48:12 AM
 #2744

I think no because there are alot of bitcoin users compared to altcoin also its hard to beat bitcoin at this current state and its price right now its slowy rising and rising altcoins cant beat bitcoin because there are alot of things the altcoin lacks compare to bitcoin like decentralized most of the altcoins right now are  decentralized.
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October 27, 2017, 10:49:32 AM
 #2745

I think not, bitcoin is the mother of every altcoins. And no one can replace bitcoin, if any then cryptocurrency should start from 0 back. and it takes a long time.
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October 27, 2017, 10:55:35 AM
 #2746

Cryptocurrencies and Blockchain technology is evolving so quickly I strongly believe we simply can't say that Bitcoin will still be the leading crypto in a couple of years time. For those of us old enough to remember the early days of the growth of the internet many of the initial leading lights such as AltaVista and Myspace fell by the wayside. Its going to be very interesting to see how things evolve!
rjcnzy
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October 27, 2017, 11:07:00 AM
 #2747

Because bitcoin is now more well-known to the world than other coins and there are many people choose bitcoin as their cryptocurrency, other coins can hardly have the position that bitcoin has right now. So, it’s gonna be a steppingstone for other crypto coins to be like bitcoin.
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October 27, 2017, 12:26:27 PM
 #2748

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?

The only way to let this possible where an altcoin could replace Bitcoin is if there is some serious flaw in the code that basically causes Bitcoin to stop working. The real problem with this situation is that altcoins are also based on the Bitcoin blockchain. This means the flaw would likely also exist in those altcoins. It’s also important to point out that the Bitcoin blockchain could be rolled back or forked after the bug was removed, and then everything would continue from that last good block. The fact that Bitcoin could fail is what gives some altcoins a bit of “intrinsic value“, but it’s likely that those altcoins would fail with Bitcoin is something horrific were to happen. This is where the Big Banks are  looking and waiting for to take down Bitcoin or replaced it with their old banking rule!
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October 27, 2017, 02:39:28 PM
 #2749

Different invention are coming out every day but I don't think any other cryptocurrency can replace bitcoin any time soon.
sbrys
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October 27, 2017, 07:23:41 PM
 #2750

To be honest I don't see many arguments about why Bitcoin will always be on top apart from being the first and with highest value.

Why is Bitcoin different from any other valuation ?

Im feeling a lack of rationality in crypto lately...

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paxmao
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October 27, 2017, 07:25:53 PM
 #2751

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 have put a few thoughts together here. I hope is fun to read. https://tinybowl.blogspot.co.uk/2017/10/bitconomics-102-where-is-value-aka-we.html

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October 27, 2017, 10:26:55 PM
 #2752

Well anything is possible, but for now, and for a long period to come, bitcoin is king.

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October 27, 2017, 10:33:36 PM
 #2753

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 seemed that a lot of people were skeptical of bitcoin, and some bitcoin traders were even skeptical of whether the recent fork would render Bitcoin obsolete. it seems that btc is very resilient, but it may be too soon to tell.   
yeamin.rsl
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October 27, 2017, 10:42:19 PM
 #2754

Future will say the answer but its difficult to replace bitcoin by other in crypto currency. Because bitcoin makes popular crypto currency. Before the success of bitcoin , a few people are interested in crypto currency.
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October 27, 2017, 11:02:47 PM
 #2755

I would think it could only be replaced by something better and to get to that point it would have to have alot of followers. Unless something drastically goes wrong with the security of bitcoin then bitcoin will reign supreme.

Nagrogflaz
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October 27, 2017, 11:05:41 PM
 #2756

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?
in business and technological developments all possibilities can happen, if bitcoin no new innovation then the other krypto could replace it.
because like a bitcoin that initially many people do not believe will have a high value for this time

unknown-user
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October 27, 2017, 11:10:29 PM
 #2757

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?
At its state as of yhis moment, it appears that it is quite kmpossible fkr another cryptocurrency to replace Bitcoin specifically obsolete Bitcoin. Bitcoin's market value and demand are amazingly growing ,continuously. It is already way far from any cryptocurrency and surely, not by an insant, a cruptocurrency can match up with Bitcoin.

Netto
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October 27, 2017, 11:26:52 PM
 #2758

 have not thought until there because my opinion is still difficult to beat or replace bitcoin, basically enthusiasts also affect the coin it will develop in the future, if this bitcoin has become the dream of many people apalaigi in some countries also have acknowledged the bitcoin
Japinat
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October 27, 2017, 11:32:40 PM
 #2759

Future will say the answer but its difficult to replace bitcoin by other in crypto currency. Because bitcoin makes popular crypto currency. Before the success of bitcoin , a few people are interested in crypto currency.
Bitcoin is successful now because there are also altcoins who supported it, being the most popular when buying altcoins we need to pair it with bitcoin and as they like the altcoins which has different mission it will only increase the demand of bitcoin as you need to buy bitcoin to exchange with altcoins and vice versa. The norms will be like that and we can always see bitcoin on the top but altcoins will have the same success bitcoin has.

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Superzpay
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October 27, 2017, 11:59:08 PM
 #2760

I don't think so Bitcoin will  be replaced by another cryptocurrency because the investors and many trader uses that cryptocurrency
I think that Bitcoin beats all crypto currency. It is the pioneer of crypto currencies. So it looks strange that on crypto currency comes and replaced Bitcoin. Bitcoin compete all digital currency. The people’s interest in Bitcoin is too much. That why Bitcoin demand is in all type and level of peoples in the society. Bitcoin is the currency of present and future too.
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