Will Altcoins replace Bitcoin?!?!?

[IShishkin]

Bitcoin is the king of the market. We found many altcoins were created to replace Bitcoin but all of them were ended up failing badly. Bitcoin is clearly dominating the market, I don't see any possibilities for any altcoins to beat Bitcoins. Pizza Hut has started accepting payment via BTC in Venezuela, South America. To keep the pace up with the market other restaurants like KFC, VEA, MIRAZUR will soon start to accept BTC. So I don't see any possibility for altcoins to replace Bitcoin.

Excellent.
1) What is a price of a single pizza there?
2) What is a transaction fee?
3) Do you use any third party service for your purchase?
4) Do you hold a private key associated with "your bitcoins"?

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[scottsanderman12]

As you know - closest neighbor BTC - ETH. But chance to replace BTC so minor.

[Eddyc]

Unfortunately and analyzing the current market with its high we can understand that Bitcoin is a category above altcoins and mainly in the marketing aspect and maybe one day we can find altcoins at this level of disclosure. However, in my opinion, altcoins are not following the appreciation compared to December 2017.

[residivis]

to discuss things like that I think, this is a very difficult thing because bitcoin is the number 1 crypto currency in the world so it needs high circulation and popularity for an altcoin to match bitcoin. but this can be said is very unlikely to happen because every altcoin is needed to exchange bitcoins.

[scottsanderman12]

BTC are unique - its can't be replaced by any coin in closest future.
But times changed and we can saw something new and more powerful.

[shoreno]

Will the rise of altcoins eventually lead to the demise of Bitcoin? Ultimately Bitcoin has been tested and it has a place in the crypto world. Join our  discord https://discord.gg/pp7Jwsp9 for further discussions about this topic. Tell me what you think?

I'm not going to your discord and frankly I think your post should be deleted for spamming your discord, but for the sake of argument, Bitcoin is older technology and it is likely at some point to be replaced.

i think there is no point of joining his group because the majority has spoken and almost 90 percent of the population claims that btc arent going to be replaced by altcoins . spamming is against the rules but did he spam his discord group on any of his post ? if not then i think there is nothing wrong with this one .

 there are so many users post together with their social media links and groups but they are allowed and post werent deleted . btc is old but old doesnt mean that it is rusty and cant compete with newer technologies , being old is actually its advantage

[bryant.coleman]

BTC are unique - its can't be replaced by any coin in closest future.
But times changed and we can saw something new and more powerful.

It is true that altcoins have failed to offer any meaningful competition to Bitcoin in the past. One reason is that almost all of these altcoins have copied the basic ideas from Bitcoin. Therefore the users consider them as copycats of Bitcoin. If there is a new technological innovation that is superior to Bitcoin in technology, and at the same time having mostly it's own logic, then it has a chance to become more popular than BTC.

[NextDoor125]

I can challenge everyone about this there is not a single Altcoins can replace Bitcoin. How can you beat your king with a lower grade weapon. You can say BTC created this crypto world. Not only technically but also financially there is no one can beat or replace BTC.

[navalkk]

My own personal view, no Altcoin can ever replace Bitcoin, Bitcoin is the father of all crypto currency and without Bitcoin, i dont think theres a crypto, many institutions and big companies have invested huge amount of money in bitcoin and that should tell us that bitcoin is the engine driving the entire crypto industry ,if bitcoin dies which i know will never happen, am afraid but the whole crypto industry might collespe.

[Roidz]

Until now, bitcoin is still the main attraction and reference for many people in investing in crypto and basically bitcoin is the king of all existing cryptos so it is very difficult for other altcoins to replace bitcoin today, but for price competition, of course it could be several Altcoins exceed bitcoin prices as well as some time ago altcoins, defi, this means that YFI has a price above bitcoin, but still YFI can't replace bitcoin in my opinion.

[Adya]

in the end everybody want profit, but with time it became more clear (for me) that altcoins and bitcoin are used in different ways. bitcoin as gold is for collect and holding and trading(mostly for big fishes). altcoins used as utility tokens for usefull applications and long term investments. alts and bitcoin moving whole market together. market will stuck without one of them.

[777Jolami]

There is no subversion for allcoins to overtake bitcoin.  Bitcoin wins everyone's trust, it's easy to get 2/3 capitalization - more than 70% of the total market cap.  Citizens often talk a lot about ETH under all circumstances, even now.  ETH is creating the madness.  But the gap for bitcoin replacement is impossible.

[max6575]

different token as release from developer as the use following with distinct on customs as the manage on work with the product and service, that may be with the future the popularity of product and service might helps as increasing users of token as the chance on occupation as the manage on tasks with money transmission.

[kram31]

Will the rise of altcoins eventually lead to the demise of Bitcoin? Ultimately Bitcoin has been tested and it has a place in the crypto world. Join our  discord https://discord.gg/pp7Jwsp9 for further discussions about this topic. Tell me what you think?

At this point of time dude, did you see any altcoins now that has a capability to beat or replace Bitcoin?
From 2009 up to the present, there are many of the cryptocurrency arises here in this industry and claimed they
can surpass Bitcoin or replace and almost all of them failed to surpass neither beat the price of Bitcoin.
Meaning, so far none of the altcoins can replace Bitcoin.

[mamesso]

At this point of time dude, did you see any altcoins now that has a capability to beat or replace Bitcoin?
From 2009 up to the present, there are many of the cryptocurrency arises here in this industry and claimed they
can surpass Bitcoin or replace and almost all of them failed to surpass neither beat the price of Bitcoin.
Meaning, so far none of the altcoins can replace Bitcoin.

Only YFI is the only altcoin that can exceed the price of bitcoin, Since being traded globally on July 21, 2020, YFI has increased rapidly, even some time ago YFI was listed as the most expensive coin, but slowly Bitcoin managed to shift YFI position as the most expensive coin in the crypto market, the bitcoin has demonstrated its quality as the best coin ever, until now there has not been a single altcoin that has been able to replace the bitcoin as the king of the cryptocurrency.

[1l1l11ll1l]

Only YFI is the only altcoin that can exceed the price of bitcoin, Since being traded globally on July 21, 2020, YFI has increased rapidly, even some time ago YFI was listed as the most expensive coin, but slowly Bitcoin managed to shift YFI position as the most expensive coin in the crypto market, the bitcoin has demonstrated its quality as the best coin ever, until now there has not been a single altcoin that has been able to replace the bitcoin as the king of the cryptocurrency.

Yes, yearn does have a high price, and for your information now the price is lower than bitcoin. YFI has a relatively low total supply and when compared to bitcoin in other aspects such as market cap and 24h volume, YFI is still very far behind from bicoin

[budi691]

bitcoin is the parent of all altcoins so it will be difficult to replace Bitcoin, the increasing adoption of altcoins will not replace Bitcoin because everyone has too much faith in Bitcoin, so it will be difficult to replace them.

[Chainsmokers]

bitcoin is the parent of all altcoins so it will be difficult to replace Bitcoin, the increasing adoption of altcoins will not replace Bitcoin because everyone has too much faith in Bitcoin, so it will be difficult to replace them.

for now it may be hard to replace bitcoin in the eyes of crypto users thus making bitcoin price very high now but buying bitcoin at the current price is too risky because the price is too high and market conditions are difficult to predict, I am worried that buying bitcoin at the current price will give a loss

[mamesso]

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Yes, yearn does have a high price, and for your information now the price is lower than bitcoin. YFI has a relatively low total supply and when compared to bitcoin in other aspects such as market cap and 24h volume, YFI is still very far behind from bicoin

It's too early to compare YFI with BITCOIN, YFI was once listed as the most expensive altcoin ever, but YFI is still far behind in all aspects with Bitcoin. As the parent of all cryptocurrencies, Bitcoin has become a popular crypto in various countries and holds a special place in people's hearts. The YFI price rise the starting point the altcoin season is about to begin, I hope 2021 will be a spectacular season for the crypto industry.

[ARNishad_45]

Never!!
Bitcoin is first cryptocurrency and it the only one which is gaining attention of all the institutions and ethereum is also doing that, currently any projects doesn't have such potential to replace, maybe it will possible in future but i am not expecting it now.