Will another altcoin rise to overtaken Bitcoin?

[fullhdpixel]

Taking into consideration the nature and redundancy of Bitcoin technology and the difficulty in scaling, I am very curious to know if Bitcoin protocol will be dropped one day and another coin build to take its place. because now it's almost like the redundancy of Bitcoin and the time it takes for a transaction to be processed is part of what is affecting its mainstream adoption as a currency. please share your thoughts.

There are lesser possibilities for a new coin to beat bitcoins but a new coin may get familiar similar to ethereum or litecoin. I'm just talking with respect to what has happened in last 10 years of time frame it means there is no big threat for bitcoin from any altcoin so far to replace it. At the same time there are big possibilities for some new coin to get higher value like how ethereum had done by 2018.

To replace/overtake bitcoin, we must need some all new technology which must be focusing on solving a problem which is not addressed by bitcoin so far. I guess no such problem is existing until today which means there will be no need of boom of another coin for the current scenario, what we are having in our financial world.

[TheGreatPython]

Many altcoins already overtaken Bitcoin in technology. It seems impossible for any altcoins price can overtaken Bitcoin price in coming years.

I like to know about what are the coin you are referring. I mean what other coins has overtaken bitcoin in terms of technologies and innovations. If you refer about non-traceable transactions or something like small contract dapps then I am extremely sorry these are not the technologies where bitcoin failed to focus on. These are all just positive consequence based on what bitcoin has introduced for this world.

To replace/overtake bitcoin, we must need some all new technology which must be focusing on solving a problem which is not addressed by bitcoin so far.

Yes. Bitcoin was originally created as a payment processor which has been fulfilled so far with all security measurements. If anything required for being a better payment processor then definitely bitcoin will get for such development and enhancements for making it suitable for new challenges as well.

[awakpane]

In my opinion, there is a possibility that altcoin will rise but will not reach the same level as bitcoin. because bitcoin has a limited supply and little of altcoin supply. I'm also not sure if Bitcoin is replaced with other coins, because in addition to its popularity there are also many people who are comfortable using bitcoinm, but it is possible that bitcoin will develop itself in expanding its network creating several new coins.

[Davian144]

Many altcoins already overtaken Bitcoin in technology. It seems impossible for any altcoins price can overtaken Bitcoin price in coming years.

Yes, for many prices of bitcoin it will indeed be very done by Altcoin, it just does not mean that it cannot be done by Altcoin-altcoin which is already popular and strong, because it can only happen with a cause and effect.

[lienfaye]

Taking into consideration the nature and redundancy of Bitcoin technology and the difficulty in scaling, I am very curious to know if Bitcoin protocol will be dropped one day and another coin build to take its place. because now it's almost like the redundancy of Bitcoin and the time it takes for a transaction to be processed is part of what is affecting its mainstream adoption as a currency. please share your thoughts.

Well anything is possible in crypto, an alt can surpass bitcoin when it comes to fast and cheap transaction but it doesnt mean bitcoin will become redundant for that reason. Since it is the first of its kind and it has many supporters, plus the high value makes btc to be on top. Sure there's a possibility to replace btc for the next 5-10 years but again it wont change the fact that btc is the most recognize crypto worldwide.

[Kodaman]

There shall only be one and it is BITCOIN...

[tyoA7X]

I think impossible can beat the price of bitcoin even in the future bitcoin has high popularity and high interest in each exchanger, I am sure the price and popularity of bitcoin in the future higher from now

[Nasonn]

Maybe yes or maybe no. Ei her way such an altcoin must have something Bitcoin does not have. But I doubt there's any chance an altcoin being developed will take over the place of bitcoin. Bitcoin is like the king of cryptocurrency so I like to think.

[Eclipse26]

Would still be hard to think of such thing knowing how big Bitcoin already is. Established wide community of users and investors, listed in many exchanges being used in different transactions by different countries, and also being the namr that "respresents" crypto industry. Have you observed whenever we are trying to introducr crypto to other people, first thing that comes to their mind is Bitcoin, that is how powerful it is already. An altcoin can arise and have a highet market value but I don't think that would be enough to put Bitcoin down.

I think impossible can beat the price of bitcoin even in the future bitcoin has high popularity and high interest in each exchanger, I am sure the price and popularity of bitcoin in the future higher from now

As each day passes, I believe that bitcoin will be more popular. I believe that current investors only care about bitcoin because they have been so scared of altcoins for years. There have been a lot of altcoins created with the purpose of replacing Bitcoin but all died and became a scam. I do not believe that altcoins can surpass Bitcoin, even that of ETH

Indeed. Think of how many altcoins are there but observe how many people are anticipating to invest in Bitcoin over other cryptos. I do not believe something is impossible but if ever there will be an altcoin to surpass bitcoin, it won't appear soon.

There shall only be one and it is BITCOIN...

Cryptos and Fiat could co-exist so I don't think Bitcoin will remain someday, alone.

[kapalmabur]

I think impossible can beat the price of bitcoin even in the future bitcoin has high popularity and high interest in each exchanger, I am sure the price and popularity of bitcoin in the future higher from now

many financial and business experts in the world say that Bitcoin can indeed be one of the strong candidates to replace the US dollar, because Bitcoin is a digital currency without anyone regulating some people to support Bitcoin as a world currency. this makes Bitcoin difficult to replace with other altcoins

[Sultanar484]

Taking into consideration the nature and redundancy of Bitcoin technology and the difficulty in scaling, I am very curious to know if Bitcoin protocol will be dropped one day and another coin build to take its place. because now it's almost like the redundancy of Bitcoin and the time it takes for a transaction to be processed is part of what is affecting its mainstream adoption as a currency. please share your thoughts.

Have you ever seen such coin before that can overtake Bitcoin? I am sure the answer will be no. Only ETH has few % of probability but this probability is really very much impossible that i can't beleive that ETH will overtake Bitcoin. In the future, there will be no coin that beat Bitcoin. Bitcoin has already proved its popularity for a number of reasons that can't be fulfilled by other coin.

[CryptopreneurBrainboss]

Taking into consideration the nature and redundancy of Bitcoin technology and the difficulty in scaling, I am very curious to know if Bitcoin protocol will be dropped one day and another coin build to take its place. because now it's almost like the redundancy of Bitcoin and the time it takes for a transaction to be processed is part of what is affecting its mainstream adoption as a currency. please share your thoughts.

Utility wise that's very possible, I read some reports on stablecoins been one of the most used cryptocurrency so far and its trading volumes has surpassed that of bitcoin but when it coins to adoption and market capitalization I don't think any altcoins has what it'll take so surpassed that of bitcoin. Many projects have tried in the past but failed. Ethereum which was showing a very strong force has been left behind as a result of the 2018/2019 bear market crashed.

Xrp also showed some positive sighs but couldn't retain that force the moment the untrustworthy operation of the coins came into the news. Libra was also one the speculative project to give bitcoin a run for it's money but that project has been put on hold so we're yet to see it try and fail as that's obviously it's fate.

[pikkie]

Taking into consideration the nature and redundancy of Bitcoin technology and the difficulty in scaling, I am very curious to know if Bitcoin protocol will be dropped one day and another coin build to take its place. because now it's almost like the redundancy of Bitcoin and the time it takes for a transaction to be processed is part of what is affecting its mainstream adoption as a currency. please share your thoughts.

Have you ever seen such coin before that can overtake Bitcoin? I am sure the answer will be no. Only ETH has few % of probability but this probability is really very much impossible that i can't beleive that ETH will overtake Bitcoin. In the future, there will be no coin that beat Bitcoin. Bitcoin has already proved its popularity for a number of reasons that can't be fulfilled by other coin.

with the world economic conditions that are still like this and the many economies of the country destroyed because of the corona virus outbreak will make the price of bitcoin and various other cryptocurrency difficult to rise again, there must be efforts that can trigger investors and whales to return to cryptocurrency again to recover altcoin prices.

[HatakeKakashi]

There is no permanent in the world and even crypto maybe right now it still number 1 coin in the cryptocurrency but someday they have coin who can beat bitcoin to the top1 and we known that ethereum is one of this but for sure they new coin will possible to be top 1 but now grab the opportunity because we have bitcoin that gives chance to earn profit.

[yazher]

This kind of question has been asked since the emergence of Altcoins, some claims that they can overtake the Bitcoin throne in years but 10 years have passed and nothing has happened. the answer here is obviously clear, whether they say they will rise to overtake bitcoin or just some deluded speculations. Nothing like that will happened unless bitcoin will become forbidden to own in the next decade. We won't what will happen but right now we can assure that no Altcoin will rise to take over what bitcoin has had today.

[Kasabus]

Taking into consideration the nature and redundancy of Bitcoin technology and the difficulty in scaling, I am very curious to know if Bitcoin protocol will be dropped one day and another coin build to take its place. because now it's almost like the redundancy of Bitcoin and the time it takes for a transaction to be processed is part of what is affecting its mainstream adoption as a currency. please share your thoughts.

Bitcoin already took over for a lot of years, and I highly doubt about your second statement about its protocol being ditched off one day. Regardless on its value or utility, it has already been known for both and it will be just like that always.
In a certain projects there comes maturity stage as well as declining stage, but Bitcoin isn't even reaching to the full maturity just yet because of less adoption it gets for now.
Pretty sure that the transaction time to be confirmed should be resolved or lessen someday.

This problem will be totally resolved one of these days so we should not make it a big deal. And for sure the developers are thinking how to address this problem. But having the thought that bitcoin might be replace with an altcoin one day, i know this can be very possible. But for now, the dominance of bitcoin is really observed by everyone so it's really hard for an altcoin to take over bitcoin's position even though a lot of attempts had happened but still failed.

[Lantind]

Maybe yes or maybe no. Ei her way such an altcoin must have something Bitcoin does not have. But I doubt there's any chance an altcoin being developed will take over the place of bitcoin. Bitcoin is like the king of cryptocurrency so I like to think.

Yes, a possibility can indeed happen to Altcoin, only if to have something that is not owned by Bitcoin on an Altcoin, it seems to be a little more difficult to realize, because the average Altcoin developer takes its reference to bitcoin and the blockchain system owned by bitcoin, so this will certainly be a little difficult for Altcoin.

[LbtalkL]

Overtaken in terms of technology there are so many altcoins that are better than bitcoin and that is a fact. They are better in terms of TPS(Transaction Per Second), Fees, Scaling and they have some added features like smart-contract that bitcoin does not have. But you know what? Why bitcoin is still on top? I have said this already from other thread but I am going to say it again, Bitcoin has "Trust". and that is enough to make it on top.

[Vishnu.Reang]

There is no permanent in the world and even crypto maybe right now it still number 1 coin in the cryptocurrency but someday they have coin who can beat bitcoin to the top1 and we known that ethereum is one of this but for sure they new coin will possible to be top 1 but now grab the opportunity because we have bitcoin that gives chance to earn profit.

I would disagree with you. Bitcoin is the original cryptocurrency, and I don't think that any new coin may be able to replace it. If that was the case, then it would have happened many years back. In due course of time, what's going to happen is that a new idea may be invented and it may become more popular and acceptable than the one proposed by Satoshi Nakamoto in 2008.

[jaywizzy]

Anything can happen in the world of crypto currency, if any altcoin is to come ahead of bitcoin is going to take a longer period for this to happen  and the team in such of that project  must have done a great job.