Will Bitcoin be replaced by another cryptocurrency?

[tiger2monkey]

Bitcoin is getting lots of media attentions lately. There are three forks from bitcoins recently: bitcoin cash, bitcoin gold and bitcoin diamond. Each fork improves some area of bitcoin. Hope bitcoin will keep improving as well so that it will remain as leader in this space.

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[gakadem]

For now I think there is no coinactive coin that dominates to compete with bitcoin, bitcoin is currently still above the peak of all cripto money.
But is it possible someday ETH can compete with bitcoin. We'll see, we follow the development

[Psyloc9302003]

that will depend on the characteristic of btc which very hard to surpass it can be mimic..the possibilities is there but that depends on the exposure and acceptance..but i do believe bitcoin have travel a long way to be replaced immediately by other coins..

[senin]

Will bitkoyn replaced with time another crypto currency, will depend on him, or rather, on the team of his developers. Now in bitcoine, many drawbacks have accumulated, such as a slow transaction and decent commission fees. If such shortcomings in time will not be eliminated, bitkoyn risks losing his leadership positions. If it ceases to be competitive, it can even be replaced by another, more successful crypto currency.

[nullius]

ETH will never overtake BTC, because the former is a scam controlled by shady characters. If another crypto is going to replace Bitcoin, then it is going to be Bitcoin Cash (BCH).

Hmmm.  Ironic.  Let me fix this for you:

BCH will never overtake BTC, because the former is a scam controlled by shady characters.

[Blackwhite69]

I can't be sure Bitcoin can be replaced by another coin but in my opinion it will happen.

[StrikerEureka]

Hard to say. Bitcoin has the first mover advantage and is the most powerful cryptocurrency right now, but being the best temporaly does not mean being the best for ever. In the shadow of Bitcoin there are already some great crypocurrencys being developed and maybe one of them can overtake first place oneday if it has more to offer than Bitcoin. Just take a look at Deeponion for example: It uses the TOR network to make onion-layering encryptions around your transactions and can handle up to 62.5 tx/s (BTC: 3-4 tx/s). It also has some special features like Deepvault that makes it possible to save hashes of documents on the blockchain and to verify these hashes at a later time to ensure the documents can be fully trusted. I personally see a lot of potential in there

[FlTZ]

At least in the upcoming years, bitcoin will never replaced easily, It's a very powerful cryptocurrency and people use it too much compared to other crypto, So the chance that bitcoin will be replaced it's too low in the 15 or 20 years later. Nowdays bitcoin is shared too much and it will be more known in few months.

[goldcoinminer]

I can't be sure Bitcoin can be replaced by another coin but in my opinion it will happen.

Let us always consider the possibility that bitcoin can be replace with another crypto currency but we always have to be realistic.
If we believe this might happen int he future then maybe buy investing now on a coin that we think has a potential is a good idea, we might make a fortune if our prediction is right.

[LUXMICOIN]

Dear Friends,
Bitcoin cant be replaced by another cryptocurrency thats for sure but there can be some substitute or alternate options availble in the market which may have some additional features or you can say little advance features then bitcoin.
Staking is a best example of that.
You may have a look on the specifications of luxmicoin @ luxmicoin.co which have dynamic pos system for sure thats totally different from all the rest cryptocurrencies available for trade at this point of time.

[bryant.coleman]

I can't be sure Bitcoin can be replaced by another coin but in my opinion it will happen.

If it happens in the future, then Bitcoin can blame itself. If Bitcoin is without any major flaws, then few users would prefer using another coin. Alts such as BCH are on the rise, because Bitcoin transactions have become too expensive now. It is like Bitcoin killing itself.

[xamil]

I think bitcoin is not replace by other crypto currency because this is the first bitcoin and it is more usefull than other cryto currency.
Athough there are lot of coin that we encounter here but at the end of every coin that we earn we convert it to bitcoin because we all know that bitcoin is more capable of earning profit in terms of investing.

[bitcoinhunter1221]

Bitcoin can be replaced by another crypto currency if bitcoin's popluarity became low or if another crypto currency gains so much investors and popularity than bitcoin.

[taiwww]

It is agreed that bitcoin price is rising day by day breaking its own heights, at the same time number of countries banning bitcoin currency is also rising. Indonesia is the best example of it, Indonesia decided to completely ban bitcoin from1st November when bitcoin was at its lifetime high. Indonesia`s Central bank said that these crypotocurrencies making their fiat currency unstable. In such situation other cryptocurrencies may come forward with some regulations to compete bitcoin. Investors mood may get shifted to such legalised currencies.

[ellabanana]

It is possible but it won't be easy. Bitcoin has already established itself, so replacing it will be  like you reached a star. But, not impossible.

[AlexM]

Up until this year. I would have said 99% certain Bitcoin will be replaced by another crypto but now I am not so sure. Bitcoin main use is a store of value such as gold, and a hedge against some global markets. As such there is very little chance of it getting replaced as a store of wealth /value. Sure other cryptos may be more useful and may start doing a lot more trades but why use them as a store of wealth instead of Bitcoin?

Also I don't think any other fork of Bitcoin has any chance of surpassing Bitcoin as a store of wealth now or in the future. I also think these forks do untold damage to Bitcoin and are the main driver of investors looking to store wealth (not just speculate)  to alts.

[grizmoblust]

In my opinion, Bitcoin Cash can replace Bitcoin in the future. However, It just takes place if Bitcoin cannot be improved the weaknesses

[Captain_Planet]

There are  and there will be so many crypto currencies introduced as bitcoin replacements but in the real world it doesn't happen any time sooner. Bitcoin's only draw back is its fee. Rest is fine.

[vv181]

Pretty many cryptocurrencies offer a better technology that could be a threat to bitcoin ecosystem. But I believe many people have already had faith in Bitcoin since Bitcoin is the one who started the revolution of the economy. Also, Bitcoin and its community are ideologically committed to maintaining the Bitcoin.

[Janation]

I can't be sure Bitcoin can be replaced by another coin but in my opinion it will happen.

If it happens in the future, then Bitcoin can blame itself. If Bitcoin is without any major flaws, then few users would prefer using another coin. Alts such as BCH are on the rise, because Bitcoin transactions have become too expensive now. It is like Bitcoin killing itself.

Well, it's greatness will also it's way to it's death. This transaction fees are also the thing a lot of people complain in the past and I think when time comes, not only the price will be pumping, also the users. When there are a lot of users, a lot of transactions will be starting to congest the network and may cause another problem.

Also, I do not understand bitcoin being replaced by another crpyto currency because even bitcoin is dead, it will always be bitcoin.