RakknRoll
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January 10, 2018, 02:04:01 PM |
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For now, I think nothing can take the place of bitcoin in cryptocurrency because the value of bitcoin is the fastest growing coins in the cyber world thats why there is no one can replaced bitcoin in the cryptocurrency.
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tackyforce
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January 11, 2018, 08:06:12 PM |
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Bitcoin has made a huge mark with cryptocurrency that it may be impossible to be obsolete. However, it may be possible if there were more digital currencies that thrive.
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bman01
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January 13, 2018, 05:26:57 AM |
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I doubt if it will ever happen, bitcoin is seriously leading all other in the crypto world, it can never be replaced...
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ahiaba.john@yahoo.com
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January 13, 2018, 05:58:12 AM |
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Bitcoin will continue to grow and gain momentum and it will be very difficult for another cryptocurrency to over take bitcoin because of its current high price. Bitcoin is the father of all cryptocurrency and it continue to maintain it position as father of all.
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kiki52
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January 13, 2018, 06:07:30 AM |
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maybe if rival bitcoin will have many rival. but if replaced i think is can't because bitcoin are famous cryptocurrency and the price never get low always getting high until now.
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aji567
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January 13, 2018, 06:45:11 AM |
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Yes most likely it could happen because in the world of cryptocurreny, especially bitcoin when the price changes and more and more coins emerging.
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Clark13
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January 13, 2018, 06:49:10 AM |
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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?
No, it won't be Monero... ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Since nothing lasts forever it is of course possible that Bitcoin will be replaced some day. The question is it likely to be replaced by another cryptocurrency or will it be replaced by an entirely new concept? I think if a new system replaces Bitcoin it must have highly significant advantages over Bitcoin that come close to the paradigm shift that Bitcoin represents compared to the existing fiat money system. The reason why I don't believe that Bitcoin is replaced easily by another cryptocurrency is its significant network effect that is the result of having the biggest user base. Bitcoin had a first mover advantage. That advantage can not be easily reversed. ya.ya.yo! It is not impossible for other cyrptocurrency to surpass bitcoin being the number one crypto in the world. In the past year, there are almost 40 cryptocurrency which improvement has been seen. Their sales reached about 1 billion mark just like the bitcoin and its percentage rate of improving is unbelievable. We can expect that there will be some cryptocurrency that can surpass bitcoin yet we do not know what exactly it is. Just review the graphs of each and we can have our speculation.
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kaliukvictoriya42
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January 13, 2018, 09:46:28 PM |
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I think cryptocurency that could replace the bitcoin is cryptocurency the price is almost the same with bitcoin.
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fanten
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January 14, 2018, 03:46:06 AM |
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Bitcoin is the king of all, because of bitcoin, it brought up every other cryptocurrencies. I don't think any other crypto could ever take the throne of bitcoin. Bitcoin will always stay high up and lead the others.
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MattF24
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January 14, 2018, 03:49:44 AM |
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For now Bitcoin is King, but sooner or later people will be fed up of the ridiculously high transaction fees and other issues it has....
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Netnox
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January 14, 2018, 04:13:43 AM |
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For now Bitcoin is King, but sooner or later people will be fed up of the ridiculously high transaction fees and other issues it has....
Two weeks back there were reports of users paying more than $100 as transaction fee for a single transaction. This is not viable in the long term. The fee has fallen during the past few days, but still it is quite high compared to what we had a few months back. And at this point of time, there are around 155,000 unconfirmed transactions in the Blockchain.
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Advicerabi
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January 14, 2018, 04:23:14 AM |
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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 could be bitcoin one day will be replaced by another cryptocurrency, but it may take a long time. The price of the bitcoin is now very high and transaction fee are also increasingly expensive, and barely a month price of bitcoin is not much moves up. If this persists there is the possibility of the bitcoin will be replace by another cryptoccurency. I think it is the time for the developer for slove the problems.
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zedrickjuls
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January 14, 2018, 05:20:23 AM |
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Yes it could happen but i doubt very much it will happen the short to medium term, to actually make bitcoin obsolete would be a achievement.
I don't think bitcoin can replaced by another cryptocurrency because bitcoin is the mother of all cryptocurrencies.It's impossible this time.
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Deathgamer
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January 14, 2018, 05:39:02 AM |
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I think no. Bitcoin cannot be replaced by any other cryptocurrency. We all can see how bitcoin dominates our present market. It shall take the number one spot because of its exchange value that rises high very much and it is very favorable to us.we are blessed having bitcoin in out lives because millions of people do have the opportunity to earn very big.
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CohY4ohvoh
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January 14, 2018, 10:22:13 AM |
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some altcoin will replace bitcoin in privacy, some in fee, others in confirmed time. but at all no one can replace bitcoin in price
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Abiky
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January 15, 2018, 04:59:28 PM |
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Two weeks back there were reports of users paying more than $100 as transaction fee for a single transaction. This is not viable in the long term. The fee has fallen during the past few days, but still it is quite high compared to what we had a few months back. And at this point of time, there are around 155,000 unconfirmed transactions in the Blockchain.
Sadly, that is the hard truth about Bitcoin. Extremely high fees make it impractical for day trading, or making daily transactions. It is more suitable for holding in the long term as a store of value, rather than using it for anything else. The inability for Bitcoin to scale for large masses have caused many investors to flee over to other altcoins which have better features, and higher transaction throughput. One of the key features of Bitcoin in the beginning was cheap fees, and fast settlement. That is one of the reasons why Bitcoin became the biggest cryptocurrency in existence today. However, if it cannot keep up with handling a wider audience, then other cryptocurrencies may take the lead in fulfilling Bitcoin's original promise. Nevertheless, I hope that Bitcoin would remain as the number one cryptocurrency in market cap for many years to come. But, if other coins like Bitcoin Cash gain better traction with its cheaper fees and higher capacity, then they would replace Bitcoin in the future. Just my opinion ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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IvyAguas
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January 16, 2018, 09:02:50 AM |
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Yes it can be replace, if the new cryptocurrency has all the advantages and characteristic of bitcoin and it resolve and fix all its advantages.
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Micerker
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January 16, 2018, 09:10:11 AM |
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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?
Of course, Bitcoin may be replaced by a more potent Altcoin like ETH. I think Bitcoin can hardly hit $ 20,000 but the ETH could hit $ 10,000 in the next few months. ETH will be a good candidate to replace Bitcoin.
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oviudiu
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January 16, 2018, 09:15:01 AM |
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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?
Seeing that you posted this 2 years ago I think more than ever, Bitcoin has big chances to be replaced by another coin. We shall see which one.
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yolucky
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January 16, 2018, 09:23:08 AM |
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Yes, it is possible. May be more and more people may switch to other cryptocurrency alternatives like Dash due to high Bitcoin network fees. Not sure when the lightning network will be implemented as the goal of the project is to decrease the transaction fees and make faster payments.
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