What are the chances BTC is replaced by something better soon?

[doch]

"Soon" would be in the next 1-3 years or so.

One of the biggest dangers for BTC is something more useful coming along and investors switching - a process which could happen extremely fast, once started.

So to all the tech savy people in here - what advantages could other cryptocurrencies bring that will give them a crucial edge over BTC, and how fast could something like that come along?

If we look at the period of 1 to 3 year ahead, I think there will be no one to replace the BTC. But generally I think that sooner or later BTC will be replaced because at the moment its price depends only on the investor's interest and there is not much improvement. If I have to guess who can replace the BTC, that may be Ethereum I think. 

It will be hard for a coin to surpass bitcoin because bitcoin is the founder of all virtual currency , but to answer your question , bitcoin's value or the value of any other coin is based on the volume of investors, no matter how high the supply is if there is a huge volume of investors it will or might surpass bitcoin . The most important thing for a coin to be able to surpass bitcoin is to have a better or stronger reputation than bitcoin because reputation is the most important thing in investor.

yes that is right, bitcoin is the still the best currency  of the world and will remain number one forever. people still believe on bitcoin and therefore they like to invest money in bitcoin i that is the reason that will will continue becoming the number one currency of the world.

[keeee]

BItcoin works and it's easy to be a winner while some altcoin may be worth a decent amount, or Bitcoin fails and all altcoins will pretty much fall with it. if they accept cryptocurrency it will be the first bitcoin, and as more and more retailers start receiving bitcoin, it strengthens its position even more. and if Bitcoin fails, confidence will be lost for all other crypto. No other way crypto will only go beyond bitcoin.

Yes bitcoin was still ahead ampng others because it was one the best cryptocurrency that was developed in many thing. But to answer the question, I think bitcoin will lose it popularity when there something better than it and it will be worthless because people will focus on that new coin.

[Cryptrx]

It will take a lot for something (coin) to replace Bitcoin. Bitcoin may have its flaws as with other coins but it has remained dominant because many people only came to know about cryptocurrency because of Bitcoin. People have a lot of trust in it.

[walemil]

What is the better cryptocurrency that you want to replace bitcoin with? In terms of market size, adoption, community etc, bitcoin still takes the first place. We may not find such cryptocurrency that will replace bitcoin anytime soon.

[gonlavy]

This is to happen. But which is good can never be neglected soon. Within one or three year I think bitcoin will reach at a good position and it will be more popular. But for a new currency that’s quiet hard to compete with.

[ZeusTrade]

A bet three years from now the ethereum irar reach more than 2k USD because with the implementation of the concept PLASMA this happen an immense scare irar power but transactions with less cost with the ERC23 the future d ethereum only to be better not to have is good have at least 10 in a cool wallet

[Ahimoth]

People who make the Myspace/ Facebook comparison are a little off the mark. They're just free platforms that people can jump between on a whim.

Large amounts of money have already been put into Bitcoin and that's only going to become larger. That makes people more conservative.

I could see Bitcoin being overtaken while it's still a minnow but 2014 might be the start of it becoming a force. My guess is that for it to happen it would need to be sooner rather than later and there's nothing on the horizon yet.

Though there’s a little probability. It would not be easy for bitcoin to be replaced by any digital currency. If the replacement is too good where prices are high and stable but I don’t think there is such thing especially in business like this.

Only time will tell if bitcoin is going to be replaced but this moment we should cherish and make the most out of it. We all know that bitcoin is about to fall down as nunber one someday and there's a big chance for that once people get tired of this. Well today is not yet the right time for bitcoin to go down because it is still strong.

[AliMan]

People who make the Myspace/ Facebook comparison are a little off the mark. They're just free platforms that people can jump between on a whim.

Large amounts of money have already been put into Bitcoin and that's only going to become larger. That makes people more conservative.

I could see Bitcoin being overtaken while it's still a minnow but 2014 might be the start of it becoming a force. My guess is that for it to happen it would need to be sooner rather than later and there's nothing on the horizon yet.

Though there’s a little probability. It would not be easy for bitcoin to be replaced by any digital currency. If the replacement is too good where prices are high and stable but I don’t think there is such thing especially in business like this.

If we're going to talk about that topic at this very moment then I should tell you my friend that the chances are very slim. The very reason why I said that is because of the support that bitcoin is continuously getting. Maybe soon the time will come for that to happen but for now as long as bitcoin is being used then it will be number one for a long time.

[Bulljcak]

Bitcoin was first to market. It will take something to go seriously wrong with it for another coin to take number one spot.

Bitcoin is irreplaceable.It offer something good to the market.No matter how many coins will arrive,still take the number one spot.

[jademacoy]

Well i hope that there could be no more competition for BTC or another something new that has come from a different owner because this might cause conflict and trouble and there will be competition and once this happen the result is that our investment will be put to danger for example now we had invested for the current price and if there is something new that market price will go down and so does the value of the crypto we had invested and that is not good hear about that could also end of BTC.

[bitcoinjasensatom]

This is to happen. But which is good can never be neglected soon. Within one or three year I think bitcoin will reach at a good position and it will be more popular. But for a new currency that’s quiet hard to compete with.

[/quote)

I don't think  there is chances for something better to other coin to replaced BTC, as far as I know it's still Bitcoin is incredibly well even on its downfall.

[dupee419]

This post heavily started around the year 2014, and right now it is 2018, it has been 4 years and the prediction is clearly wrong, a lot of altcurrencies have extreme potential on replacing BTC, but as of now I really can't seem to find the crypto that can replace BTC in the future yet, I'm still trying to see on how consistent and durable these cryptos would be.

[thirdkiller]

There exists the real authority on this subject: Satoshi Nakamoto. This anonymous entity can answer your questions in greater detail. I would also like to hear from him.

Nice idea. I want to hear some scenes from shame too. Because reading formation in the internet is not full I understand also facilities for us.

[josephpogi]

"Soon" would be in the next 1-3 years or so.

One of the biggest dangers for BTC is something more useful coming along and investors switching - a process which could happen extremely fast, once started.

So to all the tech savy people in here - what advantages could other cryptocurrencies bring that will give them a crucial edge over BTC, and how fast could something like that come along?

it is more a matter of which coin can work best alongside bitcoin.  Up until this point, it looks like it will be litecoin because of the faster transaction times, and the adoption slowly getting picked up by merchants. 

[cryptokia]

At the moment, people seem to be very concerned about privacy. In my opinion, some coin, which makes it increasingly anonymous and protects its user, can defeat bitcoin, but who can say for sure could change the bitcoin.

[dominional]

A lot of existing coin that we be not heard their names.  So many coins but bitcoin has gain slot of ground and also has won  peoples life because of life changes that btc has given them.  It will take years before any coin can overtake btc

[thirdkiller]

I don't think so because they're already trying to do that for 10 years, and as far as we can see now they are not succeed in that process. So probably next three years nothing going to change.

[Singbatak]

Everything is possible especially now many altcoins are coming out and the platform is even better. But they need time before they can and many tests they need to go through will be reached. And of course they do not lose Bitcoin because it's the only one decentralized!

[classictee]

Not seeing the possibility of this happening in future, bitcoin will always remain the top crypto currency in market for many years to come and continue the feat forever...

[Fesatmas]

"Soon" would be in the next 1-3 years or so.

One of the biggest dangers for BTC is something more useful coming along and investors switching - a process which could happen extremely fast, once started.

So to all the tech savy people in here - what advantages could other cryptocurrencies bring that will give them a crucial edge over BTC, and how fast could something like that come along?

Just waiting for bitcoin will certainly be replaced with something new or maybe old which is better than bitcoin It must be happening.