Can other cryptocurrency ovetake bitcoin inthe future?

[olushakes]

That will be left in the hands of the developers to get their priorities straight whether that is their objective or just to create "something" which will not stand the test of time only for them to finish the ICO then make some bucks and bolt no support nor campaign nothing. How will that even stand close to Bitcoin not to talk of overtaking?

[UDC]

THE bitcoin is like gold in the times of the Middle Ages. Today you do not see more people shopping in gold but in FIAT currency. So we'll see in a few years the bitcoin will be held in a safe a altcoins will be used for shopping.
Which Altcoin? i don't know maybe the next one

here's hoping its the one i'm developing

[kidoseagle0312]

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?

If we are talking about now, My answer is no! there are no other currency at the present time now that can overtake bitcoin, it will be a miles away before that happen it will years or decades I think. Like most member in this forum said majority of the altcoins are like zombies.

[coynedterm]

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?

In my opinion it is not possible for any old or new cryptocurrency to make Bitcoin useless or overtake the Bitcoin Because the main reason behind this is that every new currency depends upon the Bitcoin rate and its price also so not easy for anyone to overtake Bitcoin .

[BitFinnese]

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?

In my opinion it is not possible for any old or new cryptocurrency to make Bitcoin useless or overtake the Bitcoin Because the main reason behind this is that every new currency depends upon the Bitcoin rate and its price also so not easy for anyone to overtake Bitcoin .

If you may, you can argue with this,

Code:

There is no permanent in this world but change.

No matter how strong the position of one thing, it is always susceptible to change.  For now, yes Bitcoin is very strong and maybe it will have another decade to stay in the top position, but as time pass and technology move forward, there will be one new created crypto currency that will overtake bitcoin.  So better take advantage of it while it is trending. 

[numismatist]

That will be left in the hands of the developers to get their priorities straight whether that is their objective or just to create "something" which will not stand the test of time only for them to finish the ICO then make some bucks and bolt no support nor campaign nothing. How will that even stand close to Bitcoin not to talk of overtaking?

Exactly. Only comitment: get rich quick

[serjent05]

That will be left in the hands of the developers to get their priorities straight whether that is their objective or just to create "something" which will not stand the test of time only for them to finish the ICO then make some bucks and bolt no support nor campaign nothing. How will that even stand close to Bitcoin not to talk of overtaking?

Well, its money, who does not like it?  But not all developer are doing nothing with their project.  It is that  they are just overshadowed by the achievement of bitcoin in terms of adoption.  But just you wait, there will be one altcoin that will contest it or even overtake its position, there are several candidate at this point.  And will have more in the future.

[judeafante]

Only a huge company in my opinion can create a coin as huge as bitcoin,if a company has a ready merchants and community it's possible that they can overtake bitcoin.

[dinofelis]

What always surprises me is that new altcoins start new block chains, instead of forking off bitcoin.
Of course, in as much as altcoins are meant to profit from the initial seigniorage, that's understandable, but given that one of the main difficulties of a cryptocurrency is the fairness of its initial distribution, and that bitcoin has, because of its origins, one of the better initial distributions, it would seem to me that when creating a new altcoin, instead of starting a new block chain with all the hassle of trying, again, to obtain a fair "initial distribution", using bitcoin's distribution at a certain point (the forking block, eventually in the past) solves this issue way way better than "doing it over again".

If that's the case, altcoins are just "alternative bitcoins" and one cannot really say that they "overtake" it.  They would simply be forks of the same original chain.

The fork could be entirely radical, with different emission schemes, different mining, different rules: the only thing that is taken over from bitcoin is the initial distribution at the moment of forking.  One could even eliminate Satoshi's stash if that's considered a potential problem.

Nobody has done this as far as I know, and I don't know why (except for the obvious reason that this doesn't allow for an initial scammy premine or ninjamine).  the boundaries between "bitcoin" and "altcoins" would be much more blurred then.  All bitcoin holders (in the past) would then automatically become new coin holders too, which would create an initial community much larger than what one could hope with a new chain.   For the fairness and the quality of the new coin, I cannot think of a better way to start it than fork it off bitcoin, but I never saw this happening.

[shinratensei_]

That will be left in the hands of the developers to get their priorities straight whether that is their objective or just to create "something" which will not stand the test of time only for them to finish the ICO then make some bucks and bolt no support nor campaign nothing. How will that even stand close to Bitcoin not to talk of overtaking?

Exactly. Only comitment: get rich quick

Get rich quick with grabbing the people money through ico.

All of them was chain fork.

[Dashltc]

Bitcoin is safe for the next 5 years at least as number 1. The real alternative mainstream currency race will be between litecoin and Gulden. This is where the action will be especially if your investing in Gulden for long term.

Gulden for Europe and Litecoin for China as it stands.

I don't include anon or assets in the mix.

Litecoin vs Gulden is going to be a interesting race for the silver spot over the next few years. Guldens development team might be the best in crypto if you look at what they bringing in for their 1.6.0 release, it must be making a lot of coins nervous.


https://developer.gulden.com/

[ether19]

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?

I don't think so. Bitcoin has made the first move and it has received a great deal of support from the community. New people come to know about crypto currency through bitcoin. I think bitcoin will be the king and will dominate over all other altcoins. Bitcoin can't be replaced.

[Dashltc]

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?

I don't think so. Bitcoin has made the first move and it has received a great deal of support from the community. New people come to know about crypto currency through bitcoin. I think bitcoin will be the king and will dominate over all other altcoins. Bitcoin can't be replaced.

100%, it's not going to be an exciting race for bitcoin as it will remain the Usain Bolt of crypto and untouchable for a long time.  Gulden vs Litecoin is where the real action is going to take place. (excluding anonymous coins and assets which has it's own race)

[rinhunter]

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?

I think this is posible but not for now. For now many people using bitcoin, bitcoin already trusted by the people as the first cryptocurrency.
Many merchants accept bitcoin payment, and bitcoin exchanger is exist in every country.
it must take long times and must have the trust from the people if want to be overtake bitcoin.
But now there are some candidates who would be great altcoin in the future. of course, if the coin was still survive

[xuan87]

it is possible to overtake bitcoin but it will be quite difficult, if the growth of bitcoin transaction and the user still big then it will be near to impossible for other crypto currencies to rule down bitcoin, unless bitcoin suddenly got issue, then any crpto currency can replace bitcoin, but up until now i don't see any dominance of alt coins that have a chance to replace bitcoin

[iamnotback]

re: Jim Rickards: How to make a fortune before 2018

At 6:30 minute he predicted gold would rise $100 if Trump won.

Well I also predicted Trump would win and even wrote a detailed blog on why.

And I also wrote extensively about that gold had peaked at $1362 and would crash after the coming Trump victory, and head towards $1050 and probably a low of $850.

It is all in the Martin Armstrong thread.

Rickards is correct about the coming monetary reset, but he is wrong about gold in the near-term. Again everything  you need to know is in the Martin Armstrong thread.

Continue to ignore me at your peril. And that includes the Bitcoin killer altcoin I will soon be launching.

(Note I also predicted the recent rise of Bitcoin from mid $600s to high $700s. I also predicted the rise of silver from $20s to $48 and fall back to $20s back in 2010 many months before it happened. That was published on marketoracle.co.uk. I also predicted the fall of Bitcoin from the $700s to $300 and then the $150 low.)

[nemgun]

I am totally sure that any altcoin can grow enough to "beat" Bitcoin. There are for sure a lot of conditions to be met for that, some of them are :

- Merchant integration.
- Service integration.
- Large community.
- Decentralisation.
- Transparency.
- Open organisation.

As of what i saw on the forum, these are some of the most important options an Altcoin must realise in order to succeed.
Merchants and services integration have nothing to do with exchanges, i personally advise altcoins to avoid these places especially in early stages, and focus more on the merchant/service integration, community development, as these are the most important growing engines for an Alt.
There are some coins here who followed these rules and they are doing fine now. By the way, the price of a coin isn't a growth indicator at all, but the volume growth is an indicator, as it shows how much the coin is used each day.

[BAGOBO]

Altcoin exist because of bitcoin , so no bitcoin = no altcoin
Even if it happen , the probality is very low since altcoin are more volatile rather than bitcoin trading recently

[UDC]

Altcoin exist because of bitcoin , so no bitcoin = no altcoin
Even if it happen , the probality is very low since altcoin are more volatile rather than bitcoin trading recently

thought people usually refer to altcoins as any other cryptocurrency and not exclusively those forked on bitcoin, some have independent code bases and only follow certain concepts behind bitcoin like the blockchain.
bitcoin was just the first, and if it didn't exist, some other would've been created since there's been plenty of digital currency in the past

[digaran]

I was thinking the same thing, but then I came to a conclusion that we'll never see any real competition to the bitcoin and it will be the only real player in the world when it comes to cryptocurrency.
Now many may say that such coins like dash or ETH  or even zcash might replace it but lets be honest there is no true alternative to bitcoin.