Zicadis
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Dump it!!!
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August 04, 2017, 11:57:34 AM |
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Though difficult but I'm sure there will be coins that can replace bitcoin, I'm sure that someday there will be a country that will make coins and legalized so that it can be used en masse country and it is likely to beat bitcoin.
if your talk of a single country backing its own cryptocoin i do not think this will be possible for it to take on bitcoin which is backed by a world wide community, besides other countries might see this as a race of financial muscle and wouldn't sign in on this. For now bitcoin will keep leading the pack as we await for more innovations to give bitcoin a good run. |
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Whoever mines the block which ends up containing your transaction will get its fee.
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Rinder
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August 04, 2017, 12:06:20 PM |
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No, bitcoin soon might have smart contracts as eth, soo i dont see any other crypto with any other advantage over bitcoin, but time will tell, for now there is no altcoin for bitcoin.
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ilovefeetsmell
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August 04, 2017, 12:18:59 PM |
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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 continues to be the best and the most valuable cryptocurrency. There are many rising competitors of Bitcoin. They are trying to beat the Bitcoin in terms of price and security. For my own opinion, Bitcoin couldn't replace by another digital currency. Bitcoin will become expensive with a good demand and supply in the blockchain. |
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AleSergio
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August 04, 2017, 12:22:19 PM |
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It's really good question to discuss. We all know that many people prefers bitcoin because it is old, known and trusted. But there are something which people don't like as time goes, for example high transaction fees and low block size. But people trust to bitcoin so much, it's currently hard to beat btc. Maybe in future there will be 1 good altcoin, better than bitcoin which will gain more trust and popularity, really hard to discuss but I am optimist on bitcoin and I think it will be always as first in cryptocurrencies as google is first in search engines.
I think it is just a matter of time... Even if we just compare bitcoin and ETH, they are both good, but in technological way ETH is more ahead, WAVES is even better and also Viacoin is upcoming trend. Bitcoin gained power for several years and became one of the greatest cryptocurrencies, others coins are new players on this arena. I think bitcoin could be replaced, maybe even in a few years already. |
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GlassMaster
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August 04, 2017, 01:21:16 PM |
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I think perhaps in the distant future there will be some more perfect currency that can replace bitcoin. Technologies are constantly evolving and it is logical if the crypto-currencies will also develop.
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doedz
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August 04, 2017, 03:37:38 PM |
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For now there is no other coin that can compete with bitcoin. There is no precise prediction. Forks have destroyed the trust of many people. But clearly BTC remains a king now and for the future.
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Opekin
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August 04, 2017, 03:41:46 PM |
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For now there is no other coin that can compete with bitcoin. There is no precise prediction. Forks have destroyed the trust of many people. But clearly BTC remains a king now and for the future.
Right and it is hard for the other altcoin to reach what bitcoins have now. I think bitcoins is irreplaceable on its position as top one .First of all bitcoin is the most secure crypto and has been widely used by the peoples. |
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Coffee135
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August 04, 2017, 04:02:17 PM |
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Nobody sells a profitable business. Why sell bitcoin if it brings an income? It seems to me that bitcoin has a great future and we are only at the beginning of the path. In this situation, you need not to sell and to buy bitcoin. But I think that the huge leaps in prices will gradually leave in the past.
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Carlsen
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August 04, 2017, 04:26:09 PM |
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I do not think that anymore.
Bitcoin has a very large fanbase. Bitcoin is accepted as payment.
No new cryptocurrency can bring that.
Even if the code would be better, the transactions faster and more secure, I see no way that sufficient amount of people would leave bitcoin to associate with another currency.
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Kevin77
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August 04, 2017, 08:42:32 PM |
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There is a chance if the cryptocurrency is good like bitcoin or even better than bitcoin like for now, there is a threat which is the bitcoin cash and it is now taking all the people's attention and its price is slowly moving up and that is a threat for bitcoin because the demand might diverse and it will go into bitcoin cash instead of bitcoin and that can replace bitcoin anytime.
yes no doubt that chance is always there but i think if we study and analysis bitcoin with other altcoin, then we can come to the conclusion that it is not so easy for any altcoin to overcome bitcoin, because bitcoin is becoming more and more stronger from time to time. Altcoin and bitcoin we can consider them crypto world but there are a lot of huge problems in which bitcoin and altcoin are quite different so I would like to say that bitcoin is better than other altcoins because altcoins are not having ability to take over bitcoin but bitcoin have ability to take over everything bitcoin is now a days very powerful not even a currency in the world to face bitcoin. |
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Tungsten-1
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August 04, 2017, 09:10:30 PM |
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Of course maybe, there are currently more than 1000 coins and I'm sure there will be coins that can replace bitcoin, NXT, Byteball or Waves are coins that have the opportunity to replace bitcoin.
Actually son can replace father? Daughter can replace mother? Like that example is the coins and bitcoin because bitcoin is the father and other currencies are the daughter and sons so i would like to say that don't worry about this that bitcoin would be replace wait for that time that those currency which you are talking about that they would have a clean image or not. |
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Darknight31
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August 04, 2017, 11:16:24 PM |
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It's possible but it require some time since bitcoin are the first and in order to take the first place, they need extra trust and extra advantage so it can compare on bitcoin. It's only a matter of time since many people start build their own advantage to be the best cryptocurrency that ever exist
I guess it could be replaced if ever that crypto currency can surpass all the possibilities that bitcoin can offer. And people nowadays had only trusted the service of bitcoin. For anyone of them bitcoin has been the best altcoin and no doubt that any crypto can replaced bitcoin. And people has already exerted and put so much in to bitcoin and it all has great outcome to them so i think they'll never want to replaced bitcoin with any other crypto currency. |
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kodtycoon
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August 04, 2017, 11:27:46 PM |
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It's possible but it require some time since bitcoin are the first and in order to take the first place, they need extra trust and extra advantage so it can compare on bitcoin. It's only a matter of time since many people start build their own advantage to be the best cryptocurrency that ever exist
I guess it could be replaced if ever that crypto currency can surpass all the possibilities that bitcoin can offer. And people nowadays had only trusted the service of bitcoin. For anyone of them bitcoin has been the best altcoin and no doubt that any crypto can replaced bitcoin. And people has already exerted and put so much in to bitcoin and it all has great outcome to them so i think they'll never want to replaced bitcoin with any other crypto currency. Although there have been many rumors if ETH is capable of replacing bitcoin, but I do not think that's possible. People have entrusted entirely to bitcoin, then it is not easy to replace bitcoin position in the world of cryptocurrency, replacing bitcoin is like something that would not be happened. |
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SugoiSenpai
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August 04, 2017, 11:33:53 PM |
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It can be. But Bitcoin will still be dominant for a long time. Specially that it is the first ever currency that has been made. Its like the US dollar but in the Crypto World. There is still a possibility though, if one day a new and much more appreciated Cryptocurrency would be released, then bitcoin will have lesser value.
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ufaiz50
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August 04, 2017, 11:58:52 PM |
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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 might happen. many say bitcoin is one good investment because of the higher over time then many people buy bitcoin and hold it. they forget that the function of bitcoin is a decentralized peer-to-peer payment network that is fully controlled by its users without any intermediaries. the functionality is not supported with expensive transaction fees now. |
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yrreg ger
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August 05, 2017, 01:01:40 AM
Last edit: August 05, 2017, 01:50:51 AM by yrreg ger |
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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.  I agree with this. Well said. Chances are chances, it mustn't be taken for granted. Even how small that chance, as long as it is not 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?
There is a possibility. However the probability of this ever happening is quite low. In all of cryptocurrency's history, bitcoin has always been the number one crypto. Litecoin, Ethereum, Ripple have all come close but none have ever overtaken it. I believe that the reason this is the case even though you can see that Ethereum has more functionality, ripple is able to do interbank transactions and already have partners, and litecoin being cheaper in transaction fees and faster in blocks is that bitcoin has a reputation that no one else has. All these altcoins are built on top of bitcoin's blockchain technology. Bitcoin was the first to implement it, it has a wider community etc. You barely can find one person that is involved in altcoins but not bitcoin. But you'll find lots that only believe in bitcoin, but not altcoins. I agree with you, that there is possibility. However, no matter how small that possibility is, chance is chance, it mustn't be taken for granted. That small possibility can occur as long it is not zero. Though those altcoin are in great disadvantage with bitcoin, they can think ways on how to turn that into advantage. Those people are not just nobody, they make altcoins because they can, they have the power to compete with each other. And if their efforts produce results, results that are better than bitcoin, then bitcoin will become the alt coin and the dominant one will take its place. |
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Yakamoto
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August 05, 2017, 01:13:05 AM |
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It's really good question to discuss. We all know that many people prefers bitcoin because it is old, known and trusted. But there are something which people don't like as time goes, for example high transaction fees and low block size. But people trust to bitcoin so much, it's currently hard to beat btc. Maybe in future there will be 1 good altcoin, better than bitcoin which will gain more trust and popularity, really hard to discuss but I am optimist on bitcoin and I think it will be always as first in cryptocurrencies as google is first in search engines.
I think it is just a matter of time... Even if we just compare bitcoin and ETH, they are both good, but in technological way ETH is more ahead, WAVES is even better and also Viacoin is upcoming trend. Bitcoin gained power for several years and became one of the greatest cryptocurrencies, others coins are new players on this arena. I think bitcoin could be replaced, maybe even in a few years already. The community just demonstrated to the world that they're not against using some upgrades and new implementations to fix the blockchain so that it can be more effective for all users, so I think that pushed any kind of talk of Bitcoin being replaced by another crypto far off the near timeline and pretty far off into speculation. Before the fork there might have been some credible talk about a replacement, but now the community has found ways to make Bitcoin into something that will remain competitive, and as long as it stays like that then there will likely never be a replacement for Bitcoin. Ethereum and the like simply don't have enough attraction for outside investors to get involved in them before Bitcoin. Plus Bitcoin essentially acts as a gatekeeper for other cryptos, right now at least. |
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Jafri101
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August 05, 2017, 06:55:56 AM |
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It can never ever be ppssible that bitcoin could be replaced by any other coin. You can witness the recent fork issues, people were thinking that this had split bitcoin into two chains now bitcoin will be dumped but bitcoin has proven that it rules in crypto world,no one can compete it.
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Sled
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August 05, 2017, 01:13:01 PM |
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It can never ever be ppssible that bitcoin could be replaced by any other coin. You can witness the recent fork issues, people were thinking that this had split bitcoin into two chains now bitcoin will be dumped but bitcoin has proven that it rules in crypto world,no one can compete it.
As of now, we can say yes that there is nothing that can compete with bitcoin because it is still the best cryptocurrency in the market and a lot of people now are focusing in bitcoin rather than other cryptocurrency and that is why it is best to invest in strong coins like bitcoin because in the long term of patience of holding it will surely payoff. |
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2double0
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August 05, 2017, 03:43:56 PM |
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What will be Bitcoin's worth if it gets reserved to such big companies and only few people? It is meant and made to circulate across everyone just like normal money does. And for another cryptocurrency, I want to say that I also thought the same way "accidentally" and intentionally took a wrong decision thinking BCH would be able to replace Bitcoins but it didn't prove itself. No more words to speak.
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