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Author Topic: What is the probability of Bitcoin being replaced?  (Read 1821 times)
hitchingAride (OP)
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July 15, 2016, 11:58:42 PM
 #1

Is Ethernum a threat to Bitcoin?

-Ethernum is faster than bitcoin
-has been gaining popularity
-its good for smart contracts.

Is Ethernum going to replace bitcoin, die out as a fad or coincide with bitcoin? Are we likely to see any altcoin possibly kill bitcoins or will bitcoin simply incorporate any improvements from altcoins, taking away all advantages.

greed, for lack of a better word, is good.
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July 16, 2016, 12:04:48 AM
 #2

Well it did survive this long so it could just be the killer of bitcoin. Only time will tell.  Smiley
It did look like it was just a fad earlier this year when it dropped too some very low prices from what I remember when reading on the forum about people say "I told you so!" to others who bought into it early.
But they are laughing at them now for sticking with it this long.  Cheesy
It just keeps going up everytime I check on it on a daily basis. But then someone will see my post and say "Another sucker on the ethereum train! Roll Eyes".
But hey! I don't care! I want to jump on this train and take the ride that I missed out on with my stubborn ways when it came to bitcoin(it was $0.50 per BTC when I first heard about it Lips sealed).

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July 16, 2016, 12:10:32 AM
 #3

>There's billions already invested into bitcoin.
>It's pretty stable, compared to other cryptocurrencies.
>Lots of popular commercial giants/banks have already taken a leap of faith to integrate the technology.
>It's easier to obtain bitcoin, compared to any other cryptocurrency.
>Features can be reviewed/upgraded/removed pretty quickly.

It'll be difficult for any other coin to compete with bitcoin.

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July 16, 2016, 12:12:37 AM
 #4

The world is begging us to be ecash. My bet is if they find something that can scale, they'll jump on it, non-mining nodes be damned.

Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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July 16, 2016, 12:13:22 AM
 #5

Is Ethernum a threat to Bitcoin?

-Ethernum is faster than bitcoin
-has been gaining popularity
-its good for smart contracts.

Is Ethernum going to replace bitcoin, die out as a fad or coincide with bitcoin? Are we likely to see any altcoin possibly kill bitcoins or will bitcoin simply incorporate any improvements from altcoins, taking away all advantages.
It is kind of small i think,we see that bitcoin is pretty much big,and remember it was the first well known cryptocurrency.
Anyway in some time we will see it surely replaced by anything else,however i dont know when,maybe in 2025? 2030? hard to say.

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July 16, 2016, 01:04:51 AM
 #6

For temporary there are no coin that can be compare with bitcoin, bitcoin still the most famous and still the most used coin globally, but for a long term maybe there will be another coin to replace bitcoin its all depend on the coin user
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July 16, 2016, 01:12:52 AM
 #7

I think it will not happen. bitcoin strength remains a magnet for many altcoin. bitcoin is the main originator of digital currency system. as well as the USD dollar. bitcoin be a force in the digital currency system today.

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July 16, 2016, 01:24:09 AM
 #8

I think it will not happen. bitcoin strength remains a magnet for many altcoin. bitcoin is the main originator of digital currency system. as well as the USD dollar. bitcoin be a force in the digital currency system today.

I believe so. For bitcoin to be replace,the possibility is very slim to none. An upgrade YES, but to create another cryptocurrency as popular as bitcoin is no. Bitcoins achievement is huge as it is called the mother of almost all altcoins.

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July 16, 2016, 01:31:56 AM
 #9

So far bitcoin is having the biggest network support. This support is important for the continuous improvement of the protocol and no other alt-coin come close to this. So at the coming years, the probability of bitcoin being replace is very very low.
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July 16, 2016, 01:42:03 AM
 #10

Is Ethernum a threat to Bitcoin?

-Ethernum is faster than bitcoin
-has been gaining popularity
-its good for smart contracts.

Is Ethernum going to replace bitcoin, die out as a fad or coincide with bitcoin? Are we likely to see any altcoin possibly kill bitcoins or will bitcoin simply incorporate any improvements from altcoins, taking away all advantages.
bitcoin will not be replaced by altcoin. bitcoin will stand alone and become the benchmark in digital financial system.
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July 16, 2016, 02:30:18 AM
 #11

Is Ethernum a threat to Bitcoin?

-Ethernum is faster than bitcoin
-has been gaining popularity
-its good for smart contracts.

Is Ethernum going to replace bitcoin, die out as a fad or coincide with bitcoin? Are we likely to see any altcoin possibly kill bitcoins or will bitcoin simply incorporate any improvements from altcoins, taking away all advantages.

I don't think so, both ethernum and bitcoin can go along together and remember, the price for each bitcoin is more expensive than Ethernum. If the bitcoin's price is very low, i think Ethernum can replaced bitcoin.
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July 16, 2016, 03:09:03 AM
 #12

I think it will not happen. bitcoin strength remains a magnet for many altcoin. bitcoin is the main originator of digital currency system. as well as the USD dollar. bitcoin be a force in the digital currency system today.

I believe so. For bitcoin to be replace,the possibility is very slim to none. An upgrade YES, but to create another cryptocurrency as popular as bitcoin is no. Bitcoins achievement is huge as it is called the mother of almost all altcoins.

No altcoin could replace bitcoin since it is already big,popular and many already invested unto it. I agree that bitcoin achievement is par beyond to other coins. If there's a chance that ETH could compete to btc then it would take 10 years I guess.

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July 16, 2016, 03:19:42 AM
 #13

Is Ethernum a threat to Bitcoin?

-Ethernum is faster than bitcoin
-has been gaining popularity
-its good for smart contracts.

Is Ethernum going to replace bitcoin, die out as a fad or coincide with bitcoin? Are we likely to see any altcoin possibly kill bitcoins or will bitcoin simply incorporate any improvements from altcoins, taking away all advantages.
Maybe other altcoin surpass bitcoin someday but not now,and also not ethereum even ethereum had a popularity it self. but  I think he can't surpass bitcoin . Maybe other altcoin will be born capable to surpass all of the coin in crypto world.
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July 16, 2016, 03:25:11 AM
 #14

I think no alternative coin will replace bitcoin. They exist because of bitcoin and bitcoin is the father of cryptocurrencies. The coin that is second to bitcoin is quite farther from bitcoin. That why its impossible to replace bitcoin by other alternative coins.



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July 16, 2016, 03:29:50 AM
 #15

The great thing about technology is that is can be replaced.
Bitcoin has set in place a set of standards that almost everything that came after has adopted.
Most of the work done to integrate bitcoin can easily be switched to another coin.

Will it happen...People like stability...alot!  Bitcoin would have to have to fail, or come close to it before something else would take over.
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July 16, 2016, 03:31:22 AM
 #16

I think no alternative coin will replace bitcoin. They exist because of bitcoin and bitcoin is the father of cryptocurrencies. The coin that is second to bitcoin is quite farther from bitcoin. That why its impossible to replace bitcoin by other alternative coins.

Bitcoin developers should be looking at developing the protocol, rather than squabbling about blocksize.
If they are not serious, an alt can overtake them.
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July 16, 2016, 03:35:44 AM
 #17

I think no alternative coin will replace bitcoin. They exist because of bitcoin and bitcoin is the father of cryptocurrencies. The coin that is second to bitcoin is quite farther from bitcoin. That why its impossible to replace bitcoin by other alternative coins.
Yes totally agree with you.Any altcoin is no way near bitcoin right now.Every altcoin is valued in terms of satoshi so they are value according to bitcoin so dont think any coin can replace bitcoin.It will only grow in the future.
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July 16, 2016, 03:42:17 AM
 #18

Is Ethernum a threat to Bitcoin?

-Ethernum is faster than bitcoin
-has been gaining popularity
-its good for smart contracts.

Is Ethernum going to replace bitcoin, die out as a fad or coincide with bitcoin? Are we likely to see any altcoin possibly kill bitcoins or will bitcoin simply incorporate any improvements from altcoins, taking away all advantages.
I think ethereum is not will replace bitcoin because ethereum is new coin although it has smart contract. And ethereum just for trading alt coin only, there are not people who use ethereum as payment method. But it is just my opinion there are not people who know about future.
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July 16, 2016, 03:42:59 AM
 #19

Bitcoin isn't going anywhere ever, trust me

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July 16, 2016, 03:53:58 AM
 #20

Is Ethernum a threat to Bitcoin?

-Ethernum is faster than bitcoin
-has been gaining popularity
-its good for smart contracts.

Is Ethernum going to replace bitcoin, die out as a fad or coincide with bitcoin? Are we likely to see any altcoin possibly kill bitcoins or will bitcoin simply incorporate any improvements from altcoins, taking away all advantages.

There is a low probability that bitcoin will be replaced even 20 years from now
Ethereum on the other hand will increase in price but it can never replace bitcoin. It's like pounds to dollars, pounds has a larger value compared to dollars but did not replace dollars. Ethereum may one day has a larger price compared to bitcoin but will not replace bitcoin.
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