could bitcoin be replaced by another crypto currency?

[flower1024]

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?

Anyone having money could enter bitcoin and no one is stopping anyone from entering bitcoin,one thing is certain that the price could double or triple from the present situation in the future but it might take some time and when it comes to bitcoin anything is possible,i am not confident about the rest of the alt coins.

I agree your point come to the bitcoin anything is possible bitcoin only rule cryptocurrency world, or any other currencies may replace bitcoins both are possible. Present tough competition to Bitcoin is ETH. It's growing too fast daily we see huge price variation and it increasing so fast to compare Bitcoin. Maybe this will give good competition to Bitcoin in future.

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[warrior333]

I think that it depends on government policy (USA, China, Russia), they could accept bitcoin as currency like Australia, but they also could create their own "national" coins. Maybe in the future there will not be any one dominant coin at all.

Any state may create your coins, but where is the guarantee that they will be as popular as bitcoins. It seems to me that bitcoin will win all the altcoins, and then start the fight with some crypto dollars and who will win in this war is not known.

[chalkboard17]

Bitcoin is great but there is no guarantee that it can not be replaced by other cryptos which are greater and better and stronger. Bitcoin is good. But it is not good enough to serve a lot of people and the whole world

[bitcoinvestor]

Yes it is possible that another cryptocurrency can dethrone bitcoin if it will crash. Either etherium, dash, litecoin, ripple,monero etc. But it can only happen when people no longer trust bitcoin anymore.

When people no longer trust in bitcoin. When it happens. It can be but I think bitcoin supporters will not keep silent, they will make movement to make bitcoin on top of the crypto, bisides that many application of web shopping  , exchanger still use bitcoin as the payment gate. There are new payment gate that added other cryptos but they are only a few compared to bitcoin. Many Web hosts and shopping cart still use bitcoin not doge eth or others. There are also Bitcoin ATM, offline shop, restaurants that accept bitcoin. Dethrone bitcoin by other cryptos, I don't agree with that but Eth and other will follow the succes of bitcoin not by destroying bitcoin.

[Bunsomjelican]

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 can't be happen as long as bitcoin exist, no altcoins are capable to change  what bitcoin is.
Though there are some altcoins when it comes to others services they are more greater than bitcoin. But still the
demaand of many still will prevail.

[v0rtecxz]

For now it feels like the bitcoint effect is so big in the market, I think bitcoint still outperforms other coins as the demand for bitcoints keeps increasing, and in terms of price obviously bitcoint is superior to other coins, but could change if many people no longer trust bitcoin, And it could all change because of the competition between the koint which causes the price of bitcoint to drop and taken over by another coin, maybe that's just my guess

[Kizaki]

As you may have observed on exchange big altcoins that has almost the same age of existence on market are competing so close on bitcoins,specially ethereum and litecoin and dash you may conclude base there that bitcoins can be replace someday by a cryptocurrency too

[buenav]

Bitcoin will always have its place in the cryptoworld but its dominance is going to be replaced soon. Ethereum is currently the top contender but if not that then next year something else will probably rise up.

[Kusheez]

Bitcoin will always have its place in the cryptoworld but its dominance is going to be replaced soon. Ethereum is currently the top contender but if not that then next year something else will probably rise up.

I haven't been here long, but from my research, I don't see bitcoin being replaced because of how long it took to get to this point. There might be other alt coins that reach the same price. And maybe in time they will have as many transaction as bitcoin. But bitcoin is the oldest and I think people will always respect that.

[phaddie]

First and for most bitcoin cannot be replace by some other existing coins around we can see how people supporting bitcoin, though there are lots of concerns now about fees and slow transaction process. Bitcoin cannot replace by those pump and dump coins out of nowhere. Bitcoin is very strong at the moment, if you do not mind there were lots of coins who really tries to make bitcoin die but they cannot, bitcoin still standing and growing fast.

[GreenBits]

Bitcoin will always have its place in the cryptoworld but its dominance is going to be replaced soon. Ethereum is currently the top contender but if not that then next year something else will probably rise up.

I haven't been here long, but from my research, I don't see bitcoin being replaced because of how long it took to get to this point. There might be other alt coins that reach the same price. And maybe in time they will have as many transaction as bitcoin. But bitcoin is the oldest and I think people will always respect that.

I'm always preaching this, you get a cookie, new sir

It took us all this time to get to this point with bitcoin. We are flirting with new aths each week, and the capitalization is off the chain (apparently the traffic at Coinbase is off the chain too, LOL)  Besides Ethereum, which was just so much when it dropped that it captivated all the old heads (the fork, the Slock it shit, Lord, everything L

There will be other coins. But bitcoin is king, and unless we do something stupid (like not scaling), it will remain king.

[Creepings]

Bitcoin will always have its place in the cryptoworld but its dominance is going to be replaced soon. Ethereum is currently the top contender but if not that then next year something else will probably rise up.

I haven't been here long, but from my research, I don't see bitcoin being replaced because of how long it took to get to this point. There might be other alt coins that reach the same price. And maybe in time they will have as many transaction as bitcoin. But bitcoin is the oldest and I think people will always respect that.

It is the mst poular and used digital currency of the world, if you say digital currency, one word will come up in your mind, Bitcoin. Ethereum has a good future before it, it will be the first altcoin that will follow the footstep of bitcoin to it's fame and price. But it will never replace bitcoin, never even a lot of years will pass. Bitcoin will stay bitcoin.

[uneng]

Bitcoin could be replaced by another crypto alt coin, that is a fact. But not now, just see how many persons are adopting bitcoin, they don't are interested in alt coins, they want bitcoin, it's the most trusted crypto-currency and won't change so fast.
What doesn't mean it couldn't be replaced. If, let's say, a famous businessman created an altcoin, maybe it could be a risk for bitcoin domination.

[Faiyz]

Bitcoin will always have its place in the cryptoworld but its dominance is going to be replaced soon. Ethereum is currently the top contender but if not that then next year something else will probably rise up.

I haven't been here long, but from my research, I don't see bitcoin being replaced because of how long it took to get to this point. There might be other alt coins that reach the same price. And maybe in time they will have as many transaction as bitcoin. But bitcoin is the oldest and I think people will always respect that.

I'm always preaching this, you get a cookie, new sir

It took us all this time to get to this point with bitcoin. We are flirting with new aths each week, and the capitalization is off the chain (apparently the traffic at Coinbase is off the chain too, LOL)  Besides Ethereum, which was just so much when it dropped that it captivated all the old heads (the fork, the Slock it shit, Lord, everything L

There will be other coins. But bitcoin is king, and unless we do something stupid (like not scaling), it will remain king.

And i guess they should recognized with there own terms and  not  just a thing next to bitcoin. Example is that ethereum should known as ethereum not as a second btc. Because aotcoins really has its own purpose to help the members and that makes famous in there own ways. Btc just the pioneered cryptocurrency and also embarked  the era of virtual gold. Thats why btc was the 1900 flying machine and it bas just evolved to airplanes and others by other innovators.

[Yanisumin]

Well, that's the purpose of altcoins right? They are made to be better and much efficient and reliable than bitcoin. We all experienced these high fees (the fees depend whether if the security of the wallet is credible) but the slow process is really irritating. I remember waiting for about to weeks specially in small transactions. If bitcoin can't fix these problem and be stock on its inefficiency in system of bridging bitcoin to fiat and other altcoins then maybe we can consider other alts. In the meantime Im still holding to BTC.

[Tyrantt]

Well, that's the purpose of altcoins right? They are made to be better and much efficient and reliable than bitcoin. We all experienced these high fees (the fees depend whether if the security of the wallet is credible) but the slow process is really irritating. I remember waiting for about to weeks specially in small transactions. If bitcoin can't fix these problem and be stock on its inefficiency in system of bridging bitcoin to fiat and other altcoins then maybe we can consider other alts. In the meantime Im still holding to BTC.

Well bitcoin is made open source just for that reason, for easier development and with the possible segwit adoption in august, transactions confirmation time and fees are going to be fixed. Tho bitcoin could be replaced with some other crypto currency but that would be in some specific areas and not completely replaced all together everywhere.

[hase0278]

It is very possible that bitcoin could be replaced by another crypto currency but I don't think any of those rising altcoins right now can replace it specially ethereum. We all know that there are many ICO's which are ethereum based tokens now that are successful, and that is what's driving ethereum price up is the funds they raise ethereum tokens during the ICO. Ethereum price right now is driven by speculation and greed, so I think it won't replace bitcoin.

[pinggoki]

Bitcoin will always have its place in the cryptoworld but its dominance is going to be replaced soon. Ethereum is currently the top contender but if not that then next year something else will probably rise up.

I haven't been here long, but from my research, I don't see bitcoin being replaced because of how long it took to get to this point. There might be other alt coins that reach the same price. And maybe in time they will have as many transaction as bitcoin. But bitcoin is the oldest and I think people will always respect that.

It is the mst poular and used digital currency of the world, if you say digital currency, one word will come up in your mind, Bitcoin. Ethereum has a good future before it, it will be the first altcoin that will follow the footstep of bitcoin to it's fame and price. But it will never replace bitcoin, never even a lot of years will pass. Bitcoin will stay bitcoin.

Indeed, there are many of altcoins now has a potential to success like bitcoin and one of these altcoins is etherum. Etherum has became like bitcoin...there's a large of volume but, I don't think that it could replace bitcoin not now and not in the future either. Bitcoin is always become bitcoin.

[ImHash]

Which cryptocurrency? if you referring to the coins with their devs lurking around exchanges to dump on poor and unaware people then no, there is an alternative for bitcoin yet not many showing any interest at all it's like they get sick if they ever try to use Litecoin, I don't see why couldn't LTC worth $1200 by now, maybe the governments and their agencies which are pumping ETH and other so called decentralized coins have no stash of Litecoin, as a bitcoin fan if I ever wanted to pick a coin as the second crypto I'd pick LTC, it is really undervalued right now.

[Senja Kemuning]

Which cryptocurrency? if you referring to the coins with their devs lurking around exchanges to dump on poor and unaware people then no, there is an alternative for bitcoin yet not many showing any interest at all it's like they get sick if they ever try to use Litecoin, I don't see why couldn't LTC worth $1200 by now, maybe the governments and their agencies which are pumping ETH and other so called decentralized coins have no stash of Litecoin, as a bitcoin fan if I ever wanted to pick a coin as the second crypto I'd pick LTC, it is really undervalued right now.

No one knows, but I think the coin is Ethereum could replace bitcoin, if bitcoin riding hundreds of percent in 6 months, ethereum rise to thousands of percent, I'm sure the ethereum is big candidate to replace bitcoin.