Will Bitcoin be replaced by another cryptocurrency?

[OrangeII]

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 would make sense, because cryptocurrency industries is bound to fail if they do not adapt to changes. It would make sense if bitcoin is to be replaced by another cryptocurrency unless it improves itself though I don't see the need for it today but in the future we do not know what kind of currency and its characteristics would be needed the most.

for now, the most potential is bitcoin cash, because the price is so high. but, eventually the price of the coin returns to its original price, and the bitcoin price rises again. well, for now, there is no coin that has high potential to replace bitcoin.

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[nicoly]

I don't think that wiill happen, But it's not possible for other cryptocurrency to replace btc. There are cryptocurrency can beat bitcoins but as of now there is no existing altcoin that can beat btc.

[Japinat]

I don't think that wiill happen, But it's not possible for other cryptocurrency to replace btc. There are cryptocurrency can beat bitcoins but as of now there is no existing altcoin that can beat btc.

They are called as altcoins for a reason, bitcoin is the original and the most popular, they will only replace bitcoin when people who are supporting bitcoin will transfer their funds to something new, however with the current situation, it seems like there is no chance that an altcoins can beat bitcoins.
Check on the daily volume as that explains a lot, BCH has recently surged but now it's back to its place where it should be.

[pushups44]

With technology, nothing is constant except change. As long as bitcoin follows the roadmap to scale, it will remain dominant. If there is too much bickering and inaction, then competing currencies will take market share away from it. While I think bitcoin will remain dominant for the foreseeable future, I would not be shocked if it dropped in rank eventually.

[mx667]

With technology, nothing is constant except change. As long as bitcoin follows the roadmap to scale, it will remain dominant. If there is too much bickering and inaction, then competing currencies will take market share away from it. While I think bitcoin will remain dominant for the foreseeable future, I would not be shocked if it dropped in rank eventually.

In my opinion, Bitcoin will never be replaced by another cryptocurrency. That is something impossible because Bitcoin is the first cryptocurrency and of course the price and its development is way above other cryptocurrencies. Almost impossible, but it might be. That's because we do not know what will happen in the future. We do not know whether Bitcoin can survive in the future. Maybe Bitcoin will be more developed, maybe Bitcoin will disappear. But certainly, the world of cryptocurrency will continue to grow and if Bitcoin will vanished, someday there will surely be a replacement.

I've heard someone said that there's Altcoin that can go beyond Bitcoin. That's because their developers want to develop protocols that can surpass Bitcoin. We will see later.

[cheesyspoils]

I doubt that there is any other cryptocurrency or altcoin that can supersede the bitcoin. At least not for the next 5-10 years.

[Sithara007]

Right now the biggest disadvantage with Bitcoin is the high fees caused by the small block size. When the number of unconfirmed transactions approached the 200,000 mark, 1 BCH was trading for around BTC0.40. Now it has come down to around 50K, and the BCH exchange rates have also fallen sharply.

[marzuk]

Nothing is impossible but it is also clear that replacing bitcoin will hard thing to do and i don't think there is a coin that can do it. Bitcoin prices and popularity are increasing day by day. Bitcoin is the longest popular online digital currency ever.

[patz22]

In this business we do have a lot of speculation about any crypto but in my own opinion, I'll say no other cryptocurrency can replace BTC due to the fact that Bitcoin is the 1st currency and it is original but what I can say is - there's a cypto that can MATCH BTC and I think it is ETH (Not now! but for sure it will happen in the next years).

[Marry Finch]

The bitcoin may well be replaced by another crypto currency, because it accumulates unsolved problems such as low transaction capacity and these problems are not being addressed. In connection with this, other coins based on bitcoin are created, which solve the problems of the initial bitcoin. First of all, this refers to coins bitcoin cash, which has good bandwidth and people began to massively switch to its use, so that its price for bitcoin cash reached 2,800 dollars. If this happens later, then the initial bitcoin can give way to the leader of the crypto currency.

[Palmholder]

I dont think so. Its first place on Coinmarketcap may be replaced. But when bictoin will be just a digitall asset it could not be fully replaced. Why someone would replace ancient currency which has huge fees? It looks like if someone would replace pyramids in Giza

[RavenHood]

In my opinion, yes bitcoin can be replaced by another cryptocurrency. But not this moment, this time bitcoin is the most popular and most expensive cryptocurrency at all. But we all know that ethereum is getting better and better. I think in the end, if ethereum or other coin got more demands than bitcoin. That is the manifestation that bitcoin will replaced by other cryptocurrency.

[yubsep]

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 don't think so. Bitcoin is the first cryptocurrency and the value of Bitcoin now is much more than before. It's like a gold in crypto world.

[rayymat]

there are so many cryptos in the world, we cant say so atm.

[bryant.coleman]

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 don't think so. Bitcoin is the first cryptocurrency and the value of Bitcoin now is much more than before. It's like a gold in crypto world.

The value (i.e the exchange rates) doesn't matter much. If none of the holders are ready to sell their coins, then the prices will rise by default. It is the adoption and usage which should be given more importance. And one important thing which I have noticed during the last few days is that the number of BTC transactions have gone down.

[Semar Mesem]

I think it is very possible, this is because the new coin is certainly better than bitcoin, this is a matter of marketing and will be soon, but it may take a long time because bitcoin is a popular palling cryptocurrency.

[cryptoblue77]

I don't see Bitcoin will be replaced by another cryptocurrency in near future. But things may change in a few years time. Then ETH will be on the queue to replace.

[Michaelsch]

I think future of crypto is a very interesting and important topic.. and I want to learn more about it and from my experience, I feel that conferences could be a good way to learn... I found this one https://blockshowasia.com/ and I'm thinking to go, but tickets are not so cheap, but I suppose it could worth it... what do you think guys? have you heard about it?

Interesting  Is it that one in Singapore? how much does ticket cost?

Yes.. It's a bit expensive, but there is a promo code I used for 30% discount, VIP30, you can use it too if you want

[deddod]

Currently there is no altcoin replacing Bitcoin. but someday there must be and currently I see the potential to replace Bitcoin is Etherium. many features of Etherium are not owned by Bitcoin.

[Sithara007]

Currently there is no altcoin replacing Bitcoin. but someday there must be and currently I see the potential to replace Bitcoin is Etherium. many features of Etherium are not owned by Bitcoin.

Ethereum showed a lot of promise, but now it is on the decline. The rate of adoption has stagnated and the user base is not increasing. And moreover, right now ETH is under serious threat from BCH, for the competition for the second most valuable crypto-currency (in terms of market capitalization).