Will the bitcoin be outdated by another currency?

[ShineftChaos]

My answer to the principle is: NO

Bitcoin is money, the value of money is built on confidence, tradition and security, attributes that Bitcoin offers easily. The analogy between Bitcoin and social networks is completely incorrect, people think that Bitcoin is an myspace that will be replaced by facebook. It turns out that Bitcoin is money and not a social network, so this comparison is completely wrong.

Most of mankind's wealth resides in vaults for hundreds of years, so the circulating medium is derisory close to it. Why are we going to need fast, no-fee coins if we can use paper money and banks? Bitcoin's purpose is to be a safe asset, scarce and superior to gold. What is behind Bitcoin is the fact that no politician can steal you through taxes or inflation, there is nothing safer than Blockchain and Bitcoin. So far no technologically superior currency has emerged to Bitcoin to the point of provoking an abyss between technologies and will hardly emerge.

BUY BITCOIN TODAY AND ALWAYS.

There is a huge chance that another currency will be going to replace bitcoins in the future because there are a lot of new altcoins that is being released in the market.

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1715236102

[lousie9]

Well with the explanation you describe it's natural we should continue to buy Bitcoin and keep it because Bitcoin and Blockchain are technological breakthroughs that have not been appealed so far so that Bitcoin will continue to be popular among the wider community, than we invest in gold, better invest in Bitcoin.

[Sirait]

I suppose that this is possible, because of the simple reason. What develop next always become better than the thing that were being developed before. Like iPhone 6 is much better than iPhone 5.

many of the Altcoins that come out today are very fast, very cheap and safer than Bitcoin, for example just like Ethereum, Ripple and some others.
although Blockchain is constantly updated and new cryptocurrency appears I don't think it can make Bitcoin out of date...

[tonyosa]

It is conceivable that bitcoin may not always have the number position in cryptos, Ethereum is a close rival with so much being done to scale it up.It could topple bitcoin

[Ferry22]

Bitcoin is the king of Coin Digital Cryptocurrency, and although many new and good coins are emerging now, I do not think that will be able to beat or expose Bitcoin. Bitcoin will remain number one, and Bitcoin will never be invincible.

[yourialfa]

I do not think it will. Bitcoin is now well known to many people and it is difficult to expire. Because the current potential of bitcoin continues to increase and everyone is now inclined to invest in bitcoin. Because they believe in the potential of bitcoin for the long term. Bitcoin is the strongest in my opinion and its popularity is increasing nowadays. So it seems impossible bitcoin expired by other currencies. That's just my opinion.

[thebanker28]

Its a complicated answer, but in short No.

Its a bit like saying will something more useful than gold be discovered. BTC will remain the gold standard, there are however places for some other cryptos that do specialist things well - and when they do, BTC can optionally implement those features, but it doenst have to be all things to all people.

[ApocalypseNow]

It can happen. I'll give you an example, the gaming industry is about pc and consoles but the age of vr gaming will replace them all. Complete immersion of the game with a mechanism where you can move in any direction. Now back to Bitcoin, it is not getting updated so there is always an opportunity for every devs to create a better one.

[Jose Rizal]

Bitcoin is going 9yrs old, so far no alts surpasses Bitcoin. For 9yrs it remains the king. While Bitcoin is going down, no alts remains strong. All alts are crashing too. This is the best indication that Bitcoin has no replacement.

I agree with that but if you think that Bitcoin will run as the only cryptocurrency I think that's impossible, but due to the fact that Bitcoin contains the best possible feature that a cryptocurrency must have I guess its a long way process for some currency to sprout out of nowhere and imitate or even to be better than this community, but as I have said this is very possible.

[wahyu wida]

Bitcoin is going 9yrs old, so far no alts surpasses Bitcoin. For 9yrs it remains the king. While Bitcoin is going down, no alts remains strong. All alts are crashing too. This is the best indication that Bitcoin has no replacement.

I agree with that but if you think that Bitcoin will run as the only cryptocurrency I think that's impossible, but due to the fact that Bitcoin contains the best possible feature that a cryptocurrency must have I guess its a long way process for some currency to sprout out of nowhere and imitate or even to be better than this community, but as I have said this is very possible.

indeed bitcoin can not stand alone, bitcoin as currency and other altcoin move on certain business, where as bitcoin support. and altcoins engaged in that particular field use btc as a means of payment

[readygoaw]

My answer to the principle is: NO
Bitcoin is money, the value of money is built on confidence, tradition and security, attributes that Bitcoin offers easily. The analogy between Bitcoin and social networks is completely incorrect, people think that Bitcoin is an myspace that will be replaced by facebook. It turns out that Bitcoin is money and not a social network, so this comparison is completely wrong.
Most of mankind's wealth resides in vaults for hundreds of years, so the circulating medium is derisory close to it. Why are we going to need fast, no-fee coins if we can use paper money and banks? Bitcoin's purpose is to be a safe asset, scarce and superior to gold. What is behind Bitcoin is the fact that no politician can steal you through taxes or inflation, there is nothing safer than Blockchain and Bitcoin. So far no technologically superior currency has emerged to Bitcoin to the point of provoking an abyss between technologies and will hardly emerge.
BUY BITCOIN TODAY AND ALWAYS.

Bitcoin will never become obsolete as it becomes stronger and more popular every year. It is the most reliable coin for investing for a long time which is very convenient.

[lmillert85]

I find it difficult, because bitcoin has always been on top of the coins.
Ethereum could take the throne but needs to grow a lot to get there.

[amirmass]

I don't think so. Bitcoin is a great and still developing currency. He does not need it to continue in the coming years. They will accept it after a while.

[Amanda Green]

It is difficult to predict the future changes in the market, therefore, the smartest way to invest in digital assets is to build a portfolio based on your risk preference and investment goals. Such a portfolio would likely include a substantial holding in bitcoin and small exposure to promising tokens. I have found a trustworthy project. It is called Socratus.  It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem.

[concept2]

I find it difficult, because bitcoin has always been on top of the coins.
Ethereum could take the throne but needs to grow a lot to get there.

It could be quite hard to predict whether bitcoin will be replaced by other cryptocurrencies but after reading through the OP's post, I suppose that "another currency" here is a totally different kind of currency like fiat money, gold, etc. But anyways I'm pretty certain that bitcoin will hold its top place for quite a long time. It has posed numerous benefits to its users and has been at the cutting edge of monetary technology. So bitcoin will hardly be outdated by another currency, at least in the near future.

[BilHim]

I think bitcoin will stay on top of crypto currency, I am very sure, what do you think

[SHAWN-MIDWAYS]

It’s hard to give such an answer. Bitcoin was release in 2009 and it has not be replaced or outdated with any currency ever since.

But I found some reason by which bitcoin can be replaced or outdated. The first reason is dumping its price and pumping the price of alt. The second reason is the banning of bitcoin in some countries. People can start to leave bitcoin and can choose other coins since ETH is the second coins so it can be outdated with bitcoins. Nothing is impossible

[queenstella]

Bitcoin was designed as a digital currency. The technology allows only basic programming. This prevents bitcoin from being used in more complicated situations like for smart automatically executing contracts. Think of it like a calculator compared to a computer.
There are now over 1500 cryptocurrencies newer than bitcoin. These coins are more efficient, faster, and offer features that bitcoin lacks.

[Marlo0619]

No. Never. It will never happen to bitcoin. We all know that many cryptocurrencies are beong created by people nowadays. They create cryptocurrencies because they want to have a business. They want to have an extra income. I know that they create cryptocurrencies because of exclusivity. They want to have a new cryptocurrency that will help people. But the real thing is that, bitcoin is the number one cryptocurrency for me because it helps me a lot than any other cryptocurrencies.

[anavir]

I don't think so,their are a lot of altcoins created but  never one of them surpassed bitcoin.Even ethereum who showed good movement but never did it surpass bitcoin too.