Will Bitcoin be replaced by another cryptocurrency?

[Abiky]

Although Bitcoin is the first cryptocurrency which made using decentralized Blockchain architecture, it does not mean that it will be the all-time “champion” when challenged with newer technology.  However as of now, bitcoin is the most reliable and most populate coin in the crypto world. Then it is very difficult to rise up other coin over bitcoin.

Yes. It would be very difficult for another cryptocurrency to replace Bitcoin unless it brings something that's out of this world and addresses the issues that blockchain technology faces today. Recently, an innovative cryptocurrency has been announced called Hashgraph which claims to address many of the issues that cryptocurrencies face today. It aims to be scalable, fast, and secure without the need for miners or even PoS. It's somewhat similar to IOTA's DAG technology and if this new cryptocurrency proves to be better than most cryptocurrencies in existence, then it might replace Bitcoin in the future.

Despite this, technology is changing fast, and if Bitcoin cannot keep with the latest standards, it will be left behind as a legacy cryptocurrency while others with better technology will succeed. No one knows what will happen in the future with Bitcoin's prominence in crypto land, but until now, it has managed to gather a lot of attention from outside investors, to businesses, to mainstream media. With the upcoming improvements such as the Lightning Network, sidechains, Schnorr Signatures, Confidential Transactions, and more, Bitcoin might retain its rightful place in the market for years to come. Just my thoughts

[MidKnight]

I've heard some rumors that the government of US is making their own cryptocurrency and if it's true then it's very easy for them to dethrone bitcoin just by manipulating everyone.

[Virman01]

in my opinion it is still very far away for now-now. because until now there has been no other coin that can compete with bitcoin prices. for example later there is also possible if bitcoin stock is up. #CMIIW

[Agrabah]

Its security is excellent, but with the increasing load in bitcoin terribly long in the confirmation of the transaction. This strongly pisses me off all. perhaps it will be replaced by a coin with the highest security, faster than bitcoin, and the lowest Commission fee

[joshua05]

Maybe, if many years have passed and if bitcoin is not lost, there is more and more than its price and market movements, because there are so many other coins in the market, and the percentage is higher than bitcoin

[globalking]

no, I don't think so there will be more new cryptocurrencies in the market much more advanced but it is highly impossible to replace bitcoin, bitcoin is a trademark of cryptocurrency.

[PM.coins]

Bitcoin was created for a reason, so I doubt it would be replaced in the near future for some other cryptocurrency. Of course the rest of the altcoins would try their hardest to also be on top ever since Bitcoin became popular. And though there are a lot speculations that a certain altcoin is almost replacing Bitcoin, but the question is its market value. Would it stay on top like the Bitcoin? We can't predict the future but we'll see what happens in the next year 1-2years.

[leaf5]

Bitcoin, as the first cryptocurrency, is irreplaceable. Although digital currencies have continued to increase in recent years, the most valuable thing is Bitcoin, so I don't think Bitcoin can be replaced by other cryptocurrencies.

[meihso]

Despite the limited supply of Bitcoin, the demand is fickle, and this change will lead to price uncertainty and instability in the Bitcoin market. The most conservative speculation may be that Bitcoin will be replaced by other cryptocurrencies that have advantages.

[biangf]

Due to price volatility, Bitcoin cannot serve as a unit of measurement. The so-called measurement unit is an objective measure that can well define or compare prices, services, and commodities. In addition, Bitcoin will not be considered money or currency because of volatility. It is expected that the cryptocurrency will be further improved and there will be more innovations, otherwise the result will be the same as Bitcoin.

[rollingstorm45]

Bitcoin will be replaced with blockchain-based fiat currency
Where the government participates in controlling the circulation of the currency
And the public will be more familiar with blockchain technology

However, we must still appreciate the existence of Bitcoin, because without Bitcoin, blockchain technology will never exist

[Legwist]

There is no permanent in this world, I believe anything can be change. But for now i think its really hard to replace bitcoin with another cryptocurrency. Because now days bitcoin is becoming more popular and investing their money in bitcoin.

[Paycoinzzz]

Bitcoin will be replaced with blockchain-based fiat currency
Where the government participates in controlling the circulation of the currency
And the public will be more familiar with blockchain technology

However, we must still appreciate the existence of Bitcoin, because without Bitcoin, blockchain technology will never exist

Bitcoin is the first product got success while the concept about blockchain and decentralized system found since long time ago, since 19xx.
Therefore, if Satoshi Nakamoto did not use blockchain to building this system, I believe until today, we still do not know a best tool to solve many problems of the world like blockchain.

[wilsonwilly1]

Even if i don't believe it as bitcoin is strongest cryptocurrency today, everything can change after 5 years, maybe bitcoin will be dead then so people will mainly use other new currency and this is true.

[biascoin]

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?

Can happen anytime, there are a few that are arguably better nowadays. Thing is, the cryptocurrency is a game of indoctrination, propaganda and FOMO by those who claim to be the "early adopters" and the "investors".

What they try to achieve is to get something with an intrinsic value of 0 to have value via "self-fulfilled prophecy", cryptocurrencies only have value if there is an agreement to use it and people trust it.

[Sunyoto]

I can not predict the future of cryptocurrency, I think bitcoin can not be replaced its position remains at the top, if I think bitcoin price can coexist with eth price, namu for me need long process, because eth journey is also long.

[headache1327]

Bitcoin is an experiment, so, it is possible that some other coin with more technical features may be replacing it in a few years. Bitcoin as a lot of limitations; many of the other cryptos already surpassed those limitations. There are a lot of cryptos out there so that means that the bitcoin killer was already developed or sooner or later will.

[jaylhynne018]

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?

Yeah?, maybe in some instance. The miners are still mining and discovered many types of coins that can be famous someday and replace bitcoin.

big no for that because bitcoin is never be replace by other crypto bitcoin is have a more advantage to them ad also bitcoin cannot give up his throne to be steal by them.

[TheSmo]

Former employee of the US National Security Agency Edward Snowden believes that bitcoin will eventually be replaced by another crypto currency that does not use the public registry. "Bitcoin performs an important task and I really think that it has a long-term value, but when I look at the developers of its core and the speed with which they present updates, I understand that they need to work better. Otherwise, they will not stand the competition, "he said.

[lamcouz]

Be on your guard, stand firm in your hope that bitcoin will coming back soon. I do believe that the price of bitcoin will be back soon as long as bitcoin is not dead. The longer it will stay on the decrease point, I think the more it will become exciting. Don't panic yourself. Don't lose more than what you can handle, more than what you've invest. The time you sell it it will be the time you lose it specially when you sell it in small price. Go hold your coins, hide your pocket, hide your wallet and get it back when you are fully decided to trade it in the course of time of its progress.