Can bitcoin be dethroned?

[hkdfgkdf]

It is too early too assume that another cryptocurrency will dethroned the main which is bitcoin. I think next year, we will be judging the impact of bitcoins to the charts and its outcome price. If the results are nearly matched with its counterpart cryptocurrency, then maybe we should be worry that bitcoin will be replaced. There will be adjustments since bitcoins is already implemented to some businesses.

[superjeyy]

As much as I am hoping that it won't, there are big chances that it would. Don't get me wrong, Bitcoin is very reliable however if other coins start stepping up their game and people would see that Bitcoin does not bring as much profit as the others does, then the chances are for Bitcoin to be replaced and dethroned. Bitcoin had a good run and is still promising up to date (despite the corrections), if it will be dethroned, it definitely left a good mark toward its users. It will be replaced but Bitcoin will leave a legacy that most of us would be thankful for in the future.

[rappydoo]

yes definitely, simply because there will always be something better, no one knows when but for sure.

[savushkinTA]

Bitcoin is interesting as a currency because it basically eliminates monetary policy. Though, I don't understand its utility as a post-apocalyptic currency. No electricity = no money. Plus, it seems odd to buy into a currency dictated by computational efficiency when you know corporations like Google probably have some secret CPU up their sleeve.

[Fire316]

     I dont think so. Bitcoin has a stable market,altcoin is always behind the bitcoin,with out bitcoin,altcoin did not exist. Bitcoin is still at the top and i think it will continue as long as the demand is still high,altcoins like ethereum and  XRP are still a follower of bitcoin.

[siti25]

It's certainly not easy but the possibility is always there. I think bitcoin is the best for now, so getting to the throne seems pretty tough. To abdicate, the throne is taken by something better and more famous than bitcoin, and for now I do not think anyone can, so it's impossible for now, but maybe in the future.

[stashi]

The current rise of Ripple is quite significant, at market cap Ethereum the long standing 2nd is way below Ripple now and its still going very strong.

Yes Bitcoin can be dethroned, but not by Ripple or Ethereum. Ripple and Ethereum aren't intended for the same use as Bitcoin, so all three are capable of existing together and being successful.

Bitcoin was intended to be a currency, lately the market has been driving Bitcoin as more of an investment class (rather than a currency) and largely because merchants aren't flocking to accept a currency for payment that can fluctuate so much in value.

Ripple is a currency to facilitate bank transactions faster, like in 3 seconds rather than 3 days. The CEO of Ripple recently said on CNBC that currently the fastest way to send $10,000 from NYC to London is to get on a plane and fly it there! Ripple will solve that problem.

Ethereum is a blockchain template. It's currency is for processing power to move information across the Ethereum blockchain.

So all three have different business purposes, thus all three can be successful together.

you are wrong

ripple only can work if the usa stays as an empire

but it wont, why should the entire worlds economy be focused on the USA?

it currently only does that because the USA is controlling the oil in the middle east that is why there were so many wars over last decades (US-vs middle east)

the US financial elite did systematic propaganda to do their oil wars in the middle east, and all world needed to get US dollars to buy oil and develop their economies,

but this time is fading rapidly away especially with trump,

the US$ stops beeing a world lead currency, and ripple becomes then just an IT system used between banksters, that cit in glass palaces and enjoyed most privileged of the society, therefore i dont think ripple will be successful in the long term either.  

even the evaluation of bitcoin and others becomes questionable

why is bitcoin worth multiple litecoin and how many exactly? without a trustworthy and working lead currency this question cant be answered

money becomes highly social, and an instrument of leadership you dont take money if you know its not doing any good at all,

that is why i am working on this C-pro Cryptocurrency, that is about the development of value productive capacities

because i know in a post dollar environment money that is not doing god generally with an idea cant be evaluated,

if people in poverty and conflict striken environments take a currency that is designed about the creation value sorces they now it helps solving problems,

and a currency that is beeing designed to decentrally develop value sources willtherefore be popular

while currencies that are wasting ressources claiming just to be currencies, will not

regards

I agree with one part, bitcoin's dependency on US markets might make it vulnerable (just drawing parallel between macroeconomics of Asia, Europe and US) a sure shot pull down will be any adverse steps towards bitcoin from China, God forbid it happens... the other aspect could be the availability and security any concern over there could really go bad.

[coinycoiny]

Well yes, if bitcoin was at $6k and ripple kept it's current value then ripple would be market leader.

Lets face it, btc is useless at the moment so 2018 could be the year it happens.

Certainly the market dominance of btc has continued to fall, 10 % in December alone.

Problem is, if btc loses its dominance then it proves that any virtual currency can be king, therefore all 1000 virtual currencies are probably the same value.

[Chekitan]

I think of course it can be surpassed by another currency in market cap value and why shouldn't it? Ripple is climbing right now and just taken over the No 2 spot from Ethereum. It is almost half the cap of Bitcoin now and with such a low single toke price it can easily overtake Bitcoin.

[plucking23]

The current rise of Ripple is quite significant, at market cap Ethereum the long standing 2nd is way below Ripple now and its still going very strong.
I personally know many people who want to get into crypto are getting in via Ripple only.
So I know its a big IF but, if this trend keeps going, can it even surpass bitcoin?

Is bitcoin in danged or being dethroned as No. 1 at coin market cap?

We cannot say as of now. Bitcoin is still way far than other cryptocurrencies. Maybe in the next years it can be dethroned yet for now it cannot. People nowadays are expecting a large blowout again for the 2018. Once it happened, bitcoin will rise again in the market that will make the gap big again.

[Shamie1002]

Possibilities are low in my opinion. The only thing that could make it happen is when people started using alts as their main cryptocoin which will give that specific alts higher demand than bitcoin.
Even though bitcoin is a bit out of the game now, people still trusts it's value as a storage.
What users do is they are holding bitcoins and using alts as for their activities today. Which I think will not lessen the reputation of bitcoin. I think bitcoin as a medium in this industry will maintain its reputation.
Though negative feedbacks are all over the place, bitcoin struggles to give its abilities.

[tee-rex]

The current rise of Ripple is quite significant, at market cap Ethereum the long standing 2nd is way below Ripple now and its still going very strong.
I personally know many people who want to get into crypto are getting in via Ripple only.
So I know its a big IF but, if this trend keeps going, can it even surpass bitcoin?

Is bitcoin in danged or being dethroned as No. 1 at coin market cap?

I think it definitely can, but then, what's the real purpose and significance of market cap? We should look at how many coins are being traded because you can get however high a market cap if only a small amount of the total monetary supply gets actually traded. Market cap is a very shaky and unrealiable metric for measuring a coin's success.

[Irvinn]

Bitcoin has now become very slow, his commissions for transactions are prohibitively expensive. If this continues for a long time, he will not hold on to the leaders of the crypto currency for a long time and will be overthrown by another, more successful coin. Already, many are very outraged by the excessively high commission rates. Hope remained only on the introduction into the bitcoin network of lightning, which. ostensibly, has already successfully passed the test and can eliminate the existing shortcomings of bitcoin. If this does not happen soon, then you can say goodbye to the leader chair.

[zenrol28]

Many people are getting impatient with bitcoin's progress so they go where they think the better. But once a very significant update happen to bitcoin they'll come back. But if bitcoin stays like this for a while an any altcoin might get the chance to get in the top spot but temporarily.

[kiwasmose]

XRP is very strong these days, and it may be related to the large number of banks and government support for ripple. Of course, I'm not worried about the throne of bitcoin. As long as the encryption market is still there, I believe the first is bitcoin. The number of XRP users is not 1/10 yet.

[Prettyme]

The current rise of Ripple is quite significant, at market cap Ethereum the long standing 2nd is way below Ripple now and its still going very strong.
I personally know many people who want to get into crypto are getting in via Ripple only.
So I know its a big IF but, if this trend keeps going, can it even surpass bitcoin?

Is bitcoin in danged or being dethroned as No. 1 at coin market cap?

Well I don't think so that bitcoin has been dethroned by another cryptocurrency. I observe bitcoin and it is the strongest cryptocurrency up to this days. Ethereum stays as the second cryptocurrency.

[Dontme]

The current rise of Ripple is quite significant, at market cap Ethereum the long standing 2nd is way below Ripple now and its still going very strong.
I personally know many people who want to get into crypto are getting in via Ripple only.
So I know its a big IF but, if this trend keeps going, can it even surpass bitcoin?

Is bitcoin in danged or being dethroned as No. 1 at coin market cap?

For now on All I think is no one coins or tokens can dethrone bitcoin into the plce in coinmarketcap now. Because I believe that the longness and strength of bitcoin is enough to prove that bitcoin is king of all cryptos

[Herlina]

Of course it can be surpassed by another currency in market cap value and why shouldn't it? Ripple is climbing right now and just taken over the No 2 spot from Ethereum. It is almost half the cap of Bitcoin now and with such a low single toke price it can easily overtake Bitcoin.

Ripple can easily overtake Bitcoin? It's impossible because it's like expecting Crypto investors to believe in Centralized coins and Banksters, even I doubt XRP will survive at $ 2 because according to the history of XRP charts, it will be Dump after High Pump

[konfuci]

The number of people supports bitcoin is larger than supporting other cryptocurrencies so bitcoin cannot be dethroned. the upcoming year will give the healthy competition to all other cryptos!!

[tomahawk9]

The current rise of Ripple is quite significant, at market cap Ethereum the long standing 2nd is way below Ripple now and its still going very strong.
I personally know many people who want to get into crypto are getting in via Ripple only.
So I know its a big IF but, if this trend keeps going, can it even surpass bitcoin?

Is bitcoin in danged or being dethroned as No. 1 at coin market cap?

Market cap doesn't mean anything. If more xrp enter the market, the market cap goes up, does it mean it is more popular than say ETH or LTC? no. Does it mean Ripple is taking over the crypto market? no.

A person getting into cryptocurrencies via Ripple is someone who doesn't know what the fundamentals of cryptos are and everything they stand for. People are pretty much throwing their money at a centralized coin backed by the banking system, might as well just keep your fiat in the bank if you still want to support them...

Those buying xrp right now are: greedy noobs trying to earn quick money (same guys that bought BTC @ 19k but panic sold at the dip, the same bunch that bought LTC @ $400 and gave in to panic sell at $150), people who have no idea what Ripple/XRP actually is but they just want in, investors pumping a cheap crypto (it happens from time to time), and some other people giving in to FOMO and emotions. They're are going to get burned so bad.

However, Ripple can take No.1, but Bitcoin would not be in danger. It is becoming a trend to see an altcoin get a non-organic pump in the price, along with the usual FUD in the lines of 'the next big thing' or 'it's going to replace bitcoin', pure nonsense.