Will Bitcoin be replaced by another cryptocurrency?

[jepoyr1]

I don't see another cryptocurrency replacing bitcoin due to its steady upward move. However, it is possible for a coin or two to compete with bitcoin in terms of value in the future.

[nz_sana]

Bitcoin calls mean to wait for the future. In future bitcoin and now every currency of bitcoin is not suitable for currency conversion instead. Many people thought that it would replace another coin possibly.   

[Lyne01]

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?

Bitcoin is the first and original coin. It is the highest priced coins in the cryptocurrency world. Bitcoin has the largest audience and most sought after coins. In short, it has proven its trust and reputation in terms of cryptocurrencies. Personally, Bitcoin cannot be replaced by any coins. It would still lead the crypto world.

[Glaseseye]

No one knows when BTC will be replaced with another coin. But many people complain about btc. Examples like Cost and more. I firmly believe that btc is the mother of all coins but in the far future there will be many advanced crypto coins with better technology. In the future we will all see whether BTC can be replaced by another coin. I think the biggest and most expensive virtual money is bitcoin. And many also believe that the higher the bitcoin price. But bitcoin is a virtual currency that has a high value.

[Abiky]

Bitcoin can be eaten one day. Efforts are constantly being made to produce new technology. Bitcoin is the first crypto money. Because Bitcoin technology is outdated, it may take down a new technology.

That is the cold hard truth, mate. Whichever cryptocurrency comes first that will address Bitcoin's underlying issues, would be the most likely replacement to the pioneer cryptocurrency. One thing for sure, is that Bitcoin's market dominance has been declining slowly each day. As such, the risk of another cryptocurrency taking over is quite high, and if Bitcoin doesn't do anything to address its most important issues such as scalability, then it will be doomed.

Now, there are better altcoins out there which are capable of scaling to a wide user base. Mostly, DAG based coins like IOTA and ByteBall can do this and have a high potential of overcoming Bitcoin in the future. On the other hand, there's Stellar and Ripple which transactions are near instant. Also, there is a new technology called Hash Graph which brings many improvements in crypto land. If a new cryptocurrency launches with such concept, then it will be one step closer of overcoming Bitcoin.

Therefore, Bitcoin needs to quickly adapt to the changes in our world, or else it will be left behind as a legacy payments system, while other cryptocurrencies take the lead. Just my thoughts

[kadutz25]

I think if today bitcoin is the best crypto than any other crypto but if one day bitcoin will be replaced by another coin, it is very difficult to replace bitcoin because bitcoin is crypto mother and by this time bitcoin has begun to grow and many. Know in the community of course very influential because the popularity of bitcoin is the first

[anonymous2020]

Well, all I can say is that bitcoin is the pioneer in the crypto world, and I don't really think so that it could be replaced  by another crypto currency in the future. The ideology of bitcoin was amazed us all and its legacy is irreplaceable, and besides I don't see any chances of other cryptocurrency to take the crown of bitcoin because they are really far from bitcoin even ETH which is the second one. That's my thought.

[klim80]

Day by day the price and the popularity of the Ethereum is going up. It also has faster confirmation time. I think it might replace bitcoin.

[Reyan]

Bitcoin is not going to be replaced by another crytocurrency because it is the first one and most successful one. Bitcoin is ever going to have any competition unless someone come up with something as mind blowing itself.

[Klestar]

IN terms of fame and usage? Yes, but the purpose? I don't think so. Even if bitcoin turn sour in the years to come, no other cryptocurrency could replace the purpose of bitcoin in the cryptocurrency world. As we all know every altcoin in existence depended on bitcoin for survivality so I don't think bitcoin would become obsolete and another altcoin would take its place.

[_Legendary_]

Bitcoin is not going to be replaced by another crytocurrency because it is the first one and most successful one. Bitcoin is ever going to have any competition unless someone come up with something as mind blowing itself.

Everything can happen, if we look at the latest data, the dominance of bitcoin marketcap for a year continues to decline, and coins that have the opportunity to replace bitcoin are ethereum, and if ethereum performance continues to improve as last year then a maximum of 3 years from now marketcap ethereum equals bitcoin.

[Timok Abiodun]

For bitcoin to become old-fashioned would be a major triumph. Not saying it “cant” happen, but it definitely cannot be a short term doing, after all no one really knows tomorrow other than our speculations.

[Wong Gendheng]

It may take a long time to replace bitcoin. The facts that bitcoin marketcap is the largest, dev. bitcoin is the highest compared to other coins so it will make bitcoin continue to be popular and difficult to replace with altcoin.

[Ngewex Yuk]

Day by day the price and the popularity of the Ethereum is going up. It also has faster confirmation time. I think it might replace bitcoin.

Yes true, marketcap ethereum continues to approach bitcoin and has now reached more than 60% whereas a year ago marketcap ethereum was not more than 15%, this is certainly a strong indication that someday bitcoin will be diged with ethereum.

[ShiroThe5th]

Although bitcoin has some issues that needs to be address, I don't see any reason on why would bitcoin be replaced by another cryptocurrency. Not unless, the existing user base of bitcoin will totally lost confidence on bitcoin and an exodus to another crypto will happen, then bitcoin will be here to stay. Some cryptocurrency may reach the popularity of bitcoin as it has today, but it would just co-exist with bitcoin. More like friendly competition

[Yatsan]

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?

Anything is possible here in crypto world so there's always a possibility that bitcoin would be replaced by another cryptocurrency. There's a lot of possibility here in bitcoin so it is much expected that time will come wherein bitcoin would fall down and another cryptocurrecy will rise up. Some cryptocurrencies are showing already their potential on beating bitcoin but I think it would take time to beat bitcoin.

[dobladi]

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?

Bitcoin has faced a lot of criticism before but it was still able to stand firm amidst all the obstacles it has faced for a very long time already. Some people are throwing out opinions saying that bitcon will no longer be number one. Cryptocurrencies like ethereum are already rising up and they have all the potential on dethroning bitcoin but we should not stop supporting bitcoin no matter what.

[Gramna]

Bitcoin is not going to be replaced by another crytocurrency because it is the first one and most successful one. Bitcoin is ever going to have any competition unless someone come up with something as mind blowing itself.

I agree with you. I don't think that there will be a coin that could replace Bitcoin. Bitcoin is the best cryptocurrency and on the top in terms of popularity and value; there's no coin could replace it; maybe there's could be great as Bitcoin but it is not enough to replace Bitcoin.

[barabut]

This can be possible but due to my information regarding enlightening network developments will help bitcoin to survive and make powerful its current position.

[AltcoinAuthority]

Many people thought that it would replace another coin possibly.    สมัครufabet

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ทางเข้าufabet

That was long ago, years actually. There should be another payment system that will replace Bitcoin and it would be mandatory to use.