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Author Topic: Will Bitcoin be replaced by another cryptocurrency?  (Read 185471 times)
pombur
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February 26, 2018, 04:35:25 AM
 #3941

Today, there are many new digital currencies, but still bitcoin has a huge advantage in front of them-it is over its improvement and new products based on it that the best minds work, it is bitcoin projects that attracted huge investments from venture investors and corporations. Bitcoin has the largest community of supporters. I think that hardly the same success can be repeated by any other new cryptocurrency in the near future.
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February 26, 2018, 06:05:07 PM
 #3942

I dont think that bitcoin can replaced by another cryptocurrency. Bitcoin was the mother of all cryptocurrency, it will never be replaced by another cryptocurrency. Bitcoin is not a shitcoin and some of altcoins are shit. Bitcoin will remain on top!

Completely agree with you, mate. The original cryptocurrency which brought us the blockchain technology shall never be replaced as it was the one that started it all. It's the biggest and strongest cryptocurrency in existence with a lot of user support, and market activity. Even if it experiences scalability issues, it will always be used as a store of value and remain as top crypto in market cap. One thing for sure, is that many of the altcoins we know and love today, are dependent on Bitcoin's price movements. As such, whenever Bitcoin declines in value, altcoins become cheaper. On the other hand, whenever Bitcoin rises in value, altcoins do the same.

Therefore, Bitcoin is the reserve currency for all cryptocurrencies in existence. Once it upgrades itself to handle instant, and cheaper payments, then there will be nothing to stop it from growing it to a wider audience. Just my opinion Smiley

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HalfDeck
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February 26, 2018, 10:46:07 PM
 #3943

Today, there are many new digital currencies, but still bitcoin has a huge advantage in front of them-it is over its improvement and new products based on it that the best minds work, it is bitcoin projects that attracted huge investments from venture investors and corporations. Bitcoin has the largest community of supporters. I think that hardly the same success can be repeated by any other new cryptocurrency in the near future.
No, Ethereum is the 1st coin in the GPU mining community. In my country, the total number of people mining Bitcoin is lower than GPU mining Ethereum so much! Because the cost to mining Ethereum is cheaper than Bitcoin. Hardware to mining Ethereum is also buy easier than Bitcoin Asic from China.
xdtiagonzhar
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February 27, 2018, 07:58:13 PM
 #3944

Sooner or later it will happen. it is impossible to predict exactly which currency the bitcoin will replace. Maybe it will be an ethereum, or maybe some bitcoin with a supplement.
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February 27, 2018, 08:00:21 PM
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 #3945

Today, there are many new digital currencies, but still bitcoin has a huge advantage in front of them-it is over its improvement and new products based on it that the best minds work, it is bitcoin projects that attracted huge investments from venture investors and corporations. Bitcoin has the largest community of supporters. I think that hardly the same success can be repeated by any other new cryptocurrency in the near future.
Most likely to replace Bitcoin, I doubt that someone can. Perhaps bitcoin itself will become less popular and will itself give way to the first place in the rating of cryptocurrencies.
ildanalu
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February 27, 2018, 08:12:26 PM
 #3946

it is so interesting to read this topic from the very beginning))99 of 100 on the first pages were sure in undead bitcoin, but last ones are not so sure. We live in  very quick time...
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February 27, 2018, 08:26:47 PM
 #3947

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?

Replaced base techology?? yes of course can. and today so many new techology defeat bitcoin from transaction time and transaction fee, but replaced based price, cant because bitcoin is frist cryptocurrensy and all crypto make bicoin as the benchmark. Bitcoin still be no1 coin which has the highest price

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February 27, 2018, 08:31:00 PM
 #3948

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, in this competition world anything will be happens..  So 50% possible. But bitcoin is first and gained so much popularity so not easy to succeed it.
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February 27, 2018, 08:44:21 PM
 #3949

Whatever may happen in the future, now a lot of emerging new crypto currency, everything is a competitor. But I think Bitcoin will always be another crypto-crypto parent, because until now no one can offset the price of Bitcoin. it will be hard to beat the bitcoin at this time and in the future.
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February 27, 2018, 11:34:49 PM
 #3950

Highly unlikely that bitcoin is ever replaced by another cryptocurrency.

Bitcoin is the only leader in cryptocurrency. When the price of Bitcoin goes down all other coins crash. When it goes up all other coins go up.

Ethereum follows this pattern too.

I see this and I understand why because bitcoin is the trading pair for almost all other coins. However there will be coins that you will be able to purchase with fiat and do atomic swapping of other crypto currencies that will break away from chain gang of bitcoin, and I am on that train. where do you want to be?

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February 28, 2018, 12:17:45 AM
 #3951

I think anything can happen, if currently the bitcoin is the strongest currency that controls more than 37% marketcap of all coins then I'm sure that someday there will be coins that can beat bitcoin, if viewed the fact of the current development of some coins like ETH, IOTA have a chance replace bitcoin.

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Ricaking
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February 28, 2018, 12:36:31 AM
 #3952

I think yes, Nobody can say that either one will happen for sure; they would only be speculating. Because bitcoin is probably not suitable for replacing every and each fiat coin in the world right now as it is and make an unique, Does bitcoin replaced by another cryptocurrency universal coin. So another coin will probably replace it, or Bitcoin will evolve so much that it will make no more sense to call it Bitcoin. And nothing is impossible.Only future will tell.
Sasha Grey
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February 28, 2018, 12:47:41 AM
 #3953

I think yes, Nobody can say that either one will happen for sure; they would only be speculating. Because bitcoin is probably not suitable for replacing every and each fiat coin in the world right now as it is and make an unique, Does bitcoin replaced by another cryptocurrency universal coin. So another coin will probably replace it, or Bitcoin will evolve so much that it will make no more sense to call it Bitcoin. And nothing is impossible.Only future will tell.
Agree, there's no need to doubt that someday there will be better coins and replace bitcoin, we do not have to expect much that bitcoin can last forever, most importantly we always benefit.

waiting..
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February 28, 2018, 12:48:49 AM
 #3954

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?
Nothing can replace bitcoin in any way, some people who think so are just people who speculate that another crypto can replace bitcoin. Whereas the fact data shows bitcoin is still superior in terms of technology and popularity compared with other crypto.

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February 28, 2018, 12:56:30 AM
 #3955

I don't think another cryptocurrency will replace bitcoin. Bitcoin is the oldest coin so far and many people already know about bitcoin, even the price for each bitcoin is really high. That cryptocurrecy who want replace bitcoin need to achieve that to replace bitcoin.
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February 28, 2018, 01:03:58 AM
 #3956

It is not possible.
There are many Cryptocurrency now but bitcoin price is always higher than other.
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February 28, 2018, 01:10:45 AM
 #3957

I don't think any currency can replace bitcoin.

Not everyone's virtual currency will be as rewarding for investors as bitcoin, and we have to choose from it, and it's not easy to spot potential opportunities. Bitcoin is still the best performing virtual currency.
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February 28, 2018, 01:12:16 AM
 #3958

I hope it will not happen Smiley Smiley

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February 28, 2018, 01:13:35 AM
 #3959

It is not possible.
There are many Cryptocurrency now but bitcoin price is always higher than other.

let just say " impossible " Smiley

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February 28, 2018, 01:15:44 AM
 #3960

Bitcoin can be replaced by another cryptocurrency as new and new coins are emerging and other alt coins are coming with more and  more usuage. It can definately replace Bitcoin

Yes I am believe that bitcoin can be replace with other coin/token. Like ethereum for example, ethereum right now have market cap nearly bitcoin and ethereum have advantages on smart contract. But the point is bitcoin is not only cryptocurrency on crypto world

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