Can other cryptocurrency ovetake bitcoin inthe future?

[BitcoinHodler]

With many new cryptocurrencies sprouting in the net, is it possible that bitcoin can be overtaken as a top digital currency in the future? Is ethereum  or other well known cryptocurrencies can be a threat to bitcoin dominance?

first of all, a threat to bitcoin?! what does that even mean. do you think when bitcoin was created it was a threat to fiat? of course not, they exist side by side and work independently.

and i believe the same thing is also possible with altcoins, if they are good enough they can become as big as bitcoin and even bigger if they really have something to offer.

but are the current existing altcoins capable of that is the biggest question. and in my opinion the answer is not specially about ethereum with the recent huge dump.

[kidsrock]

i don't know if the other cryptocurrency will be overtake bitcoin in future because i can not make a prediction for this, i only know that bitcoin is like the king and the altcoin is like the queen. but i think it can be possible as the future is not yet happen and we don't know about it. for now, i only say that bitcoin can not be overtaken by other cryptocurrency.

[btcdiggingmaster]

I hope it is not possible because bitcoin price is keep changing from time to time, even in some countries many people have started their block chain installed and many small store people are accepting bitcoin, now bitcoin is most wanting commodity like gold. To defeat bitcoin it may take lot of time, but we have to wait and see.

[s1ng]

Altcoin exist because of bitcoin so it's very low chance for altcoin to replace bitcoin existense.
As we know altcoin market are volatile rather than you trade with bitcoin so most people still interest on bitcoin

[densuj]

With many new cryptocurrencies sprouting in the net, is it possible that bitcoin can be overtaken as a top digital currency in the future? Is ethereum  or other well known cryptocurrencies can be a threat to bitcoin dominance?

For right now bitcoin is number one there are no other coins that can be beat bitcoin especially volume of transaction and price of the coins, we can check on here https://coinmarketcap.com. but there are no people who know what will happen in the future and everything can be happening include there are altcoins that can replace bitcoin.

[iamnotback]

The reason that most of the altcoins just copy an existing code base and tweak a few parameters thus really not a challenge to the established leader(s), i.e. Bitcoin:

https://download.wpsoftware.net/bitcoin/alts.pdf

It is really, really hard folks. One little detail wrong and poof ... your money is gone...

[kerry1971]

In my humble opinion, I think it will pretty hard for other cryptocurreny to overtake Bitcoin as it has over 8 years of adoptions.

Unless something screwed up in the foundation and implementation of scaling.

[Reallist]

I honestly believe the next interesting thing to watch in Crypto is Gulden vs Litecoin over the next couple of years. Bitcoin will be number 1 for at least 5-10 years longer. My bet is by the 1st Jan 2019 Gulden will be ahead of litecoin in marketcap.

[Caladonian]

I honestly believe the next interesting thing to watch in Crypto is Gulden vs Litecoin over the next couple of years. Bitcoin will be number 1 for at least 5-10 years longer. My bet is by the 1st Jan 2019 Gulden will be ahead of litecoin in marketcap.

wow is there any basis on that mate? for me bitcoin will exist more than that and will dominate more a lots of alts that show good future plan those two that you mention doesn't seems to gather interest coming from investors as i watch them moves inside the exchange.

[Reallist]

I honestly believe the next interesting thing to watch in Crypto is Gulden vs Litecoin over the next couple of years. Bitcoin will be number 1 for at least 5-10 years longer. My bet is by the 1st Jan 2019 Gulden will be ahead of litecoin in marketcap.

wow is there any basis on that mate? for me bitcoin will exist more than that and will dominate more a lots of alts that show good future plan those two that you mention doesn't seems to gather interest coming from investors as i watch them moves inside the exchange.

Looks like the Gulden devs just posted that the 1.6.0 update will be released this week, according to the testers on slack, it's going to blow peoples minds.

[iamnotback]

it's going to blow peoples minds.

 

[alyssa85]

Ethereum is essentially a Zombie.  Ever since the DAO, and like MtGox for Bitcoin, will ever hit $15 again?!   

If something overtakes Bitcoin then it has to be scandal free.  Monero might do it if they can put Rpietila under house arrest..

Yup.

Any alternative needs to be
a) scandal free
b) quick to confirm (under a minute)
c) able to handle a large volume of transactions in 24 hours
d) not require people to download mega amounts of data that fills up their hard drive, just to run a wallet.

[TaunSew]

Ethereum is essentially a Zombie.  Ever since the DAO, and like MtGox for Bitcoin, will ever hit $15 again?!  

If something overtakes Bitcoin then it has to be scandal free.  Monero might do it if they can put Rpietila under house arrest..

Yup.

Any alternative needs to be
a) scandal free
b) quick to confirm (under a minute)
c) able to handle a large volume of transactions in 24 hours
d) not require people to download mega amounts of data that fills up their hard drive, just to run a wallet.

There's arguably already a bunch of projects which have those characteristics and no one is hopping on them yet.  In order for those characteristics to matter, the alternate first has to hit $5+ billion and this means playing the speculation game which only a handful of projects (Ripple and Ethereum) had ever seen any modicum of success at.
 

[Mvaporis1961]

Yes, other cryptocurrency can overtake bitcoin in the future. Even though bitcoin is one of the first crypto-currency that ever released then it doesn't mean that bitcoin will be the king forever. Having people choice is always depend on the coin's features and stability. If one of the crypto-currency will have a lot of better features than bitcoin and also stable then it will be a threat for bitcoin because that coin in the future can beat and easily replaced bitcoin.

[alyssa85]

Ethereum is essentially a Zombie.  Ever since the DAO, and like MtGox for Bitcoin, will ever hit $15 again?!  

If something overtakes Bitcoin then it has to be scandal free.  Monero might do it if they can put Rpietila under house arrest..

Yup.

Any alternative needs to be
a) scandal free
b) quick to confirm (under a minute)
c) able to handle a large volume of transactions in 24 hours
d) not require people to download mega amounts of data that fills up their hard drive, just to run a wallet.

There's arguably already a bunch of projects which have those characteristics and no one is hopping on them yet.  In order for those characteristics to matter, the alternate first has to hit $5+ billion and this means playing the speculation game which only a handful of projects (Ripple and Ethereum) had ever seen any modicum of success at.
 

Yeah - should have added e) all the exchanges add the coin and speculators love it.

[crairezx20]

Yes, other cryptocurrency can overtake bitcoin in the future. Even though bitcoin is one of the first crypto-currency that ever released then it doesn't mean that bitcoin will be the king forever. Having people choice is always depend on the coin's features and stability. If one of the crypto-currency will have a lot of better features than bitcoin and also stable then it will be a threat for bitcoin because that coin in the future can beat and easily replaced bitcoin.

I think it can be happen in the future because the circulation of bitcoin and numbers of bitcoin will gradually hard to get more supply or someday we will mine fewer rewards from blocks but it takes a long time before it happen so for me it is better to stay in bitcoin and use it while bitcoin has a good value and more stores right now are accepting bitcoin and more adoption will come so bitcoin will live long.. enjoy bitcoin while it is alive maybe year 2055 we will see that bitcoin will gradually die and some crypto will change position of bitcoin..

[stomachgrowls]

Yes, other cryptocurrency can overtake bitcoin in the future. Even though bitcoin is one of the first crypto-currency that ever released then it doesn't mean that bitcoin will be the king forever. Having people choice is always depend on the coin's features and stability. If one of the crypto-currency will have a lot of better features than bitcoin and also stable then it will be a threat for bitcoin because that coin in the future can beat and easily replaced bitcoin.

I think it can be happen in the future because the circulation of bitcoin and numbers of bitcoin will gradually hard to get more supply or someday we will mine fewer rewards from blocks but it takes a long time before it happen so for me it is better to stay in bitcoin and use it while bitcoin has a good value and more stores right now are accepting bitcoin and more adoption will come so bitcoin will live long.. enjoy bitcoin while it is alive maybe year 2055 we will see that bitcoin will gradually die and some crypto will change position of bitcoin..

You cant really set a time on which bitcoin would die because you cant able to predict future but for now bitcoin is the leading and  father of all cryptos and the adoption is really rising and being  accepted gradually on any country which mean it has the potential to grow even more.Replacing it by another altcoin might be possible  but  it would really be hard for the other  altcoin devs to surpass bitcoin.

[Ayers]

Ethereum is essentially a Zombie.  Ever since the DAO, and like MtGox for Bitcoin, will ever hit $15 again?!  

If something overtakes Bitcoin then it has to be scandal free.  Monero might do it if they can put Rpietila under house arrest..

Yup.

Any alternative needs to be
a) scandal free
b) quick to confirm (under a minute)
c) able to handle a large volume of transactions in 24 hours
d) not require people to download mega amounts of data that fills up their hard drive, just to run a wallet.

There's arguably already a bunch of projects which have those characteristics and no one is hopping on them yet.  In order for those characteristics to matter, the alternate first has to hit $5+ billion and this means playing the speculation game which only a handful of projects (Ripple and Ethereum) had ever seen any modicum of success at.
 

not only that, but the most important thing is that it should be accepted by merchants, bitcoin is big and well known because you can use it as a currency not only pump and dump scam, this is the most important thing, you will not have a good coin without this ability

[dwgscale11]

Litecoin.  Everything else is just scam coin pump and dumps

[dearbesz1219]

This topic already exists here.
But since you've asked I say everything is possible. Maybe in the future some new even more developed and perfect cryptocurrency will be invented. Technology is moving forward constantly.
But I don't think that Ethereum will take the Bitcoins place, it's not very likely.

Aside from that, bitcoin will always prevail at the top in the digital currencies. Particularly, at the present time now the price value of bitcoin at the moment is can be say as good and stable which other currencies can't do it ever since.