could bitcoin be replaced by another crypto currency?

[Pamadar]

In the short term, probably not. There have been a lot of other alt currencies (etherium, litecoin, dogecoin, monero etc) that have been popping up, but don't seem to have what Bitcoin does. Bitcoin is clearly a protocol for sending value around the internet. Any computer science geek can tell you it meets all the requirements to be a bona fide protocol. I think down the road potentially, but as of now the focus seems to be on how to make Bitcoin better, safer, faster transaction and more accessible.

Well said things would be change up after maybe 5-10 years as time goes by and the stability of this project will meet its peek maybe another coin will followed just needed to create real function not just improving but with the same logic but coins that have real uses in the neae future.

[King Sastro]

Anything can happen, this is only a matter of time, current marketcap bitcoin is the largest around $44,861,070,262 or about 27% of all cryptocurrency, the second is about $32,121,981,604, looks ethereum can replace bitcoin.

[Dudeperfect]

This topic has been discussed many times and we find such questions again and again. I don't see any coin surpassing the place of bitcoin in terms of market capital, user base or even the perception. Yes, we should admit the fact that bitcoin holders are investing heavily in the altcoins but that is part of the speculation of that particular coin or coin and has nothing to do with the potential of the bitcoin. Yes, theoretically this is possible that any alt coin can replace bitcoin but I don't see it happening in at least next 20 to 30 years.

[bitbob82]

In the short term, probably not. There have been a lot of other alt currencies (etherium, litecoin, dogecoin, monero etc) that have been popping up, but don't seem to have what Bitcoin does. Bitcoin is clearly a protocol for sending value around the internet. Any computer science geek can tell you it meets all the requirements to be a bona fide protocol. I think down the road potentially, but as of now the focus seems to be on how to make Bitcoin better, safer, faster transaction and more accessible.

Well said things would be change up after maybe 5-10 years as time goes by and the stability of this project will meet its peek maybe another coin will followed just needed to create real function not just improving but with the same logic but coins that have real uses in the neae future.

although currently bitcoin is the only best online currency, its price is not stable and i do not think that it can come to stable in next few decades because still only 2% people adopt bitcoin and as soon as the demand of bitcoin will increase then the price of bitcoin cannot come to stable and will remain as variable.

[Symphony_fr]

Bitcoin is strong crypto currency, but it can not exist forever and I think that it will be replaced by another crypto currency someday.

[Vaskiy]

In the short term, probably not. There have been a lot of other alt currencies (etherium, litecoin, dogecoin, monero etc) that have been popping up, but don't seem to have what Bitcoin does. Bitcoin is clearly a protocol for sending value around the internet. Any computer science geek can tell you it meets all the requirements to be a bona fide protocol. I think down the road potentially, but as of now the focus seems to be on how to make Bitcoin better, safer, faster transaction and more accessible.

Well said things would be change up after maybe 5-10 years as time goes by and the stability of this project will meet its peek maybe another coin will followed just needed to create real function not just improving but with the same logic but coins that have real uses in the neae future.

although currently bitcoin is the only best online currency, its price is not stable and i do not think that it can come to stable in next few decades because still only 2% people adopt bitcoin and as soon as the demand of bitcoin will increase then the price of bitcoin cannot come to stable and will remain as variable.

The price volatility or the varying nature is the beauty of bitcoin. Only because of the volatility we the users have got more earning possibilities through trading and other means. Though 2% people have adopted the value is quite peaking, same when more users come into it the scenario change a lot and the price will be very high with the same volatile nature. It's good to stick to it and benefit.

[Gumpfire]

i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?

That's very impossible because in all online money bitcoin is the number one online money in the world, so it's very possible to believe that bitcoin can be replace by another cryptocurrency. And i am still hoping and believe thay in the future bitcoin will be the future money.

[cram03]

Well based on the price of bitcoin today or this year it can't be replace by another cryptocurrency,, actually it can but it will take a decade just to replace bitcoin in its place, every time passes by the bitcoin price is increasing too meaning it is impossible but in other side it is possible too

[itsallpc]

At present stage,no altcoin has the potential to replace bitcoin.At first,it was expected that Ethereum,monero,Zcash could replace bitcoin as they promised to deliver certain features like anonymity which is not found in bitcoin.But all such huge expectations went in vain.They all turned out to be just pump and dump coins.WE could expect for some more years bitcoin to continue as king of crypto coins.

[hardtime]

Well based on the price of bitcoin today or this year it can't be replace by another cryptocurrency,, actually it can but it will take a decade just to replace bitcoin in its place, every time passes by the bitcoin price is increasing too meaning it is impossible but in other side it is possible too

Price is never going to lay any affect on people actually using the currency in the least, so that's something that you should simply just not care about at all. Price could just be made out of nothing, the only thing that's going to change the price is going to be the buyers and sellers wanting to use the currency. I could make a rando shit coin today and buy it for 10000 and then make the price start at an insanely high price.

Bitcoin isn't going to be replaced by another crypto though, this is simple because Bitcoin is going to be having everyone using it on a daily basis while all of these other cryptos are just having tons of trade volume and that's it. If we compared the amount of REAL usage in bitcoin and these other shitcoins it'd be one of the funniest things to see, as Bitcoin is being used while others are just trade shit coins.

[HaXX0R1337]

Bitcoin is strong crypto currency, but it can not exist forever and I think that it will be replaced by another crypto currency someday.

If you really think that bitcoin could not exist forever then i can pretty well tell you that none of the coins will exist,there might be coins coming out with better technology and a good development team but i wont think they could over come the popularity of bitcoin and the single most thing that attracts everyone is the decentralization and there is no pre mine with bitcoin and that is not the case with the rest of the new coins.

[bravehearth0319]

At first I thought it was impossible for Bitcoin to be replaced since it is the first cryptocurrency, but you are right, some altcoins may have better features than Bitcoin and people may prefer them instead.

Here's an analogy, lets imagine all cryptocurrencies are like mobile phones. Bitcoin is Nokia, and started the mobile phone trend. And soon after everyone started using Nokia. But brands like Blackberry, Samsung and Apple soon created their own phones, and Apple made a major breakthrough with a touchscreen function, where everyone gradually switched to that after a while, and now Nokia is outdated.

Bitcoin has our trust now, but other cryptocurrencies might overtake BTC in the future.

But everything in this world now are possible to be happen, particularly we don't know and don't see what will happen tomorrow, Though bitcoin now was very popular than any crypto currencies.

[CARrency]

Well based on the price of bitcoin today or this year it can't be replace by another cryptocurrency,, actually it can but it will take a decade just to replace bitcoin in its place, every time passes by the bitcoin price is increasing too meaning it is impossible but in other side it is possible too

I do think that based on the price, no other digital currencies will replace bitcoin. It's price is so hyped right now that it made many people a millionaire. But in terms of other features like speed of transaction and fee, I guess it can't be replaced. The thing about bitcoin is, it is a good investment the reason it will never replaced.

[posternat]

I guess bitcoin will never be replace by some other coins since despite the fact of many concern at the moment still people are continue supporting bitcoin, you can prove it by your own because the value of the coin is still rising. it means there are many people investing their money into it.

[Dontme]

Since bitcoin is the first cryptocurrency it is already has strong foundation and a high upgraded cryptocurrency so it is hard to those some cryptocurrencies to defeat this crypto, however even we think that it is impossible that bitcoin will be replace we really dont know whats the next possible be done in the coming future. Since then maybe bitcoin is the way to make the nations be one and are already have the so called one world government where nations have one money to be use and one rules to be follow. I beleive that the coming new currency after bitcoin will be transparent, identies will knew and ID's are already needed because their will be a CHIPS  that Money, ID, ATM, Cards, and all details that person have is in already there in that chips.

[tigershark]

i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?

Bitcoin got a big advantage by being the first cryptocurrency. It is still the most used and most well known.

However, it is possible that over time, another one will take over. It's also possible that several cryptocurrencies can be successful at the same time. Bitcoin could be used for large transactions and other altcoins with lower fees could be used for smaller transactions.

[eaLiTy]

Bitcoin got a big advantage by being the first cryptocurrency. It is still the most used and most well known.

However, it is possible that over time, another one will take over. It's also possible that several cryptocurrencies can be successful at the same time. Bitcoin could be used for large transactions and other altcoins with lower fees could be used for smaller transactions.

The advantage you said is the biggest thing,because before that no one has thought about having a digital currency,except for a few with flaws,but bitcoin just came out with a bang and will rule the crypto world in the future,if bitcoin developers are able to make necessary changes in due time i do not think that any currency will take over bitcoin,

[Sled]

Bitcoin got a big advantage by being the first cryptocurrency. It is still the most used and most well known.

However, it is possible that over time, another one will take over. It's also possible that several cryptocurrencies can be successful at the same time. Bitcoin could be used for large transactions and other altcoins with lower fees could be used for smaller transactions.

The advantage you said is the biggest thing,because before that no one has thought about having a digital currency,except for a few with flaws,but bitcoin just came out with a bang and will rule the crypto world in the future,if bitcoin developers are able to make necessary changes in due time i do not think that any currency will take over bitcoin,

Yes, if the developers will just implement that necessary things for bitcoin, it will remain to the top and a lot of people will just continue investing and working for bitcoin. The other cryptocurrencies has a lot of good features but they are lacking of reputation and also the volume of users in the community which bitcoin already have so if bitcoin will continue and maintain the things that its currently have then bitcoin will be the king for more years.

[ss890]

Reading all these posts making me feel that bitcoin can be a looser in the future. Is that the reason now a days bitcoin fluctuates so much? Is the mining getting too difficult for people around the world. I'm relating all these answer to that scenario, feeling like I'm right about it. Bitcoin if doesn't get enough miners and if its network difficulty keeps increasing then it might go down very soon. Never thought about bitcoin in that sense. Hope we don't see anything like this in the future. Because I'm making plans to invest in bitcoin rather than altcoins.

[romero121]

Bitcoin got a big advantage by being the first cryptocurrency. It is still the most used and most well known.

However, it is possible that over time, another one will take over. It's also possible that several cryptocurrencies can be successful at the same time. Bitcoin could be used for large transactions and other altcoins with lower fees could be used for smaller transactions.

The advantage you said is the biggest thing,because before that no one has thought about having a digital currency,except for a few with flaws,but bitcoin just came out with a bang and will rule the crypto world in the future,if bitcoin developers are able to make necessary changes in due time i do not think that any currency will take over bitcoin,

Yes, if the developers will just implement that necessary things for bitcoin, it will remain to the top and a lot of people will just continue investing and working for bitcoin. The other cryptocurrencies has a lot of good features but they are lacking of reputation and also the volume of users in the community which bitcoin already have so if bitcoin will continue and maintain the things that its currently have then bitcoin will be the king for more years.

Agreed everything seems to be successful based on the development taking place with it periodically. If it lacks the entire network downfall begins. Recently the same happened with the litecoin, which was gaining popularity tremendous and with a small bug everything got collapsed. So everything is in the hands of developers. There are so many coins that have got vanished.