Will Altcoins replace Bitcoin?!?!?

[rahmathidayat93]

Alts may increase more in dominance but in terms of a safe store of value there is no replacement for Bitcoin. But as unforeseeable crypto world is there is a possibility for this to happen. Guess we'll know at the right moment

Did you know that Bitcoin has been in the crypto space for too long and it is the first coin to have surpassed the price of a single gold bar at this point? If you don't know, then start reading a lot from now on, how could Altcoins replace Bitcoin while when the market correction occurred, many Altcoins experienced a very sharp price decline in a very large percentage.

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[Godwinpaul]

I doubt if altcoin would be able to replace bitcoin. From my point of view and observations, bitcoin happens to assume the position of a legal tender in cryptocurrency and that explains why almost all the cryptocurrency exchange has listed bitcoin and it serves as a measurement tool for the valuation of other cryptocurrencies and the coin market cap.

[totaleclipseofthebank]

bitcoin can be replaced in a far future but not in the next 10 years. I see that new coins are created with better technologies, high secure and with a better sustainability. When our world get developed and altered, people will consider to upgrade to a new form of currency. And when it happens, bitcoin will be replace

[revilo]

Monero won't replace but Bitcoin, but Bitcoin has to evolve in terms of privacy in my opinion. With companies like Chainalysis Bitcoin is not as safe to use as many think. You can easily be tracked down and fully screened once you get identified as the owner of an address. Nobody really wants transact in public all the time.

I hope they will improve Bitcoin at some point in terms of anonymity.

Does that mean the development of Bitcoin, which you think is not enough? because I don't find many complaints for Bitcoin users at this time, so it means that the developments in Bitcoin are very mature in my opinion.

It is not about complaints. It is a fact that Bitcoin is not anonymous. Check out Edward Snowden interviews how authorities are already watching Bitcoin transactions very very closely! They can't do it with Monero. That is why Monero is interesting for many purposes and Bitcoin needs to adopt privacy features, or let me emphasize STRONG privacy features.

If Bitcoin can do that, nothing will replace it ever I think. Except when its algorithm breaks, but that is not likely at this point in time.

[Rimueng]

As long as there are investors who are still investing in bitcoin, I think Bitcoin has never been replaced by any altcoin.

It will never be replaced by any altcoin. That idea is not going to happen even with a slight chance, never.

I think there are more and more interest in bitcoin every day, so it is impossible for bitcoin to be replaced.

The institutions are into bitcoin and it doesn't matter to them how much the fees are, the important part on them is that they're owning bitcoin which is the most valuable cryptocurrency.

true as you say, besides that for a billionaire interested in bitcoin because the benefits provided by bitcoin are very clear and tantalizing. therefore I am optimistic that this bitcoin is not replaced by any altcoin and will never disappear because more and more investors who have big money join Bitcoin.

Now not only billionaire interested to make bitcoin as investment way but also many companies adopt bitcoin as payment currency, last month tesla have accepted bitcoin as payment and waiting maybe next time many companies accept bitcoin. Surely waiting when any government looks serious to allow bitcoin as legal transaction.

For bitcoin enthusiasts, in particular, this is certainly exciting information to continue investing in virtual currencies.
but when talking about the government I am sure they will not issue a regulation that will regulate this virtual currency, but we don't need that.

[uneng]

Monero won't replace but Bitcoin, but Bitcoin has to evolve in terms of privacy in my opinion. With companies like Chainalysis Bitcoin is not as safe to use as many think. You can easily be tracked down and fully screened once you get identified as the owner of an address. Nobody really wants transact in public all the time.

I hope they will improve Bitcoin at some point in terms of anonymity.

Does that mean the development of Bitcoin, which you think is not enough? because I don't find many complaints for Bitcoin users at this time, so it means that the developments in Bitcoin are very mature in my opinion.

It is not about complaints. It is a fact that Bitcoin is not anonymous. Check out Edward Snowden interviews how authorities are already watching Bitcoin transactions very very closely! They can't do it with Monero. That is why Monero is interesting for many purposes and Bitcoin needs to adopt privacy features, or let me emphasize STRONG privacy features.

If Bitcoin can do that, nothing will replace it ever I think. Except when its algorithm breaks, but that is not likely at this point in time.

Even not being anonymous bitcoin is still the king and no altcoins can surpass the first crypto currency among all. Maybe it is due to the fact bitcoin is the original crypto currency, while all the others were copied somehow from it, although some altcoins have extra advantages, features or characteristics, like monero and ethereum.
Bitcoin has gain the trust from many investors to build its reputation and it will take a very long time yet until an altcoin can overcome the bitcoin's legacy. Probably people alive right now won't be able to see it happening during their lifetime.

[deathcode]

For bitcoin enthusiasts, in particular, this is certainly exciting information to continue investing in virtual currencies.
but when talking about the government I am sure they will not issue a regulation that will regulate this virtual currency, but we don't need that.

do not ever think that you will never need regulation from the government in your country.
all of that is essential for the greater development of crypto. because I think the regulations made for crypto will later also be beneficial for the government. currently, it has not been realized because the government is not ready yet with how to start regulating crypto.
many countries have started to open up with crypto. I am sure that those who are not interested will definitely start to follow the adoption and regulation of crypto.

[rajakulam]

Replacing BTC is the hardest thing in the crypto world, because BTC is the parent of cryptocurency and every altcoin movement is always based on BTC price movements, you can see for yourself when BTC prices don't move, altcoin prices also don't move even though they move but not much.

[Atang Sulaeman]

in my opinion until now BITCOIN is still number 1 there will be no one who can replace it,
and if only BITCOIN did not exist, there would be no altcoins that exist until now.

[Impala8_]

no they will never, but i'm buying altcoins https://coinmarketcap.com/currencies/peakdefi/ like this one
PEAK, DOT and others

[go4crypto]

Bitcoin is going to be around for a long time since it is the most well-known and adopted coin of all though after some years it may lose the top spot. Various altcoin projects have different uses and applications.

[Cadaver20]

I don't think altcoin will replace Bitcoin. With the exception of Bitcoin, you can't think of Altcoin. People entered the cryptocurrency world through Bitcoin. It is a coin trusted and tested for many years. No Altcoin has yet come up to compete with Bitcoin. Rather I think bitcoin will change the world's financial system.

[soul-impact]

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 don't think it's going to replace bitcoin, if it does, it's a very distant day. You see, the value of bitcoin has been constantly increasing over the years. Bitcoin makes people aspire to own them.
As for altcoins, although there are currencies that have developed in recent years. But for it to achieve value like bitcoin will be a very long time. Somewhere in the future, there will be new cryptocurrencies occupying markets like bitcoin today.

[infer]

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?

We still can't say anything in the future. Is it possible that altcoins will replace bitcoin in the future??
Just like a few years ago when people didn't trust bitcoin and it wasn't worth it. And now, you see, everyone wants to own bitcoin. Everything is always innovative and surprises!!!

[Rimueng]

For bitcoin enthusiasts, in particular, this is certainly exciting information to continue investing in virtual currencies.
but when talking about the government I am sure they will not issue a regulation that will regulate this virtual currency, but we don't need that.

do not ever think that you will never need regulation from the government in your country.
all of that is essential for the greater development of crypto. because I think the regulations made for crypto will later also be beneficial for the government. currently, it has not been realized because the government is not ready yet with how to start regulating crypto.
many countries have started to open up with crypto. I am sure that those who are not interested will definitely start to follow the adoption and regulation of crypto.

In my opinion, talks like this are held almost every year in this forum, apart from hoping that the government of a country can regulate the virtual currency in their country and also the digital currency developers themselves, many of them have approached the government, but all of them are nil. therefore I say do not need it. however, I personally also hope that the government does not prohibit it.

[cafee_orange]

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?

in my opinion it will never happen with bitcoin, there is no way bitcoin will have competition with altcoins let alone cause the demise of bitcoin, it doesn't make sense in my opinion.

[lolxxxx]

This is just not possible because the first coin created was bitcoin however new coins of Defi and other techs are doing great because they are fixing the problems that are not being fixed by the bitcoins.

So there are few chances that it can be replaced by IMO It's a big NO.

Regards

[ijeb]

Altcoins decently will be there serving their purpose and use case but in terms of a store of value there will be no other better than BTC.
These times Bitcoin dominance is falling because more money is pumped in Alts because investors see a real use in them but if you'll want to pass your fortune to your grandchildren in the future you'll use BTC and no Fiat money.

[revilo]

Monero won't replace but Bitcoin, but Bitcoin has to evolve in terms of privacy in my opinion. With companies like Chainalysis Bitcoin is not as safe to use as many think. You can easily be tracked down and fully screened once you get identified as the owner of an address. Nobody really wants transact in public all the time.

I hope they will improve Bitcoin at some point in terms of anonymity.

Does that mean the development of Bitcoin, which you think is not enough? because I don't find many complaints for Bitcoin users at this time, so it means that the developments in Bitcoin are very mature in my opinion.

It is not about complaints. It is a fact that Bitcoin is not anonymous. Check out Edward Snowden interviews how authorities are already watching Bitcoin transactions very very closely! They can't do it with Monero. That is why Monero is interesting for many purposes and Bitcoin needs to adopt privacy features, or let me emphasize STRONG privacy features.

If Bitcoin can do that, nothing will replace it ever I think. Except when its algorithm breaks, but that is not likely at this point in time.

Even not being anonymous bitcoin is still the king and no altcoins can surpass the first crypto currency among all. Maybe it is due to the fact bitcoin is the original crypto currency, while all the others were copied somehow from it, although some altcoins have extra advantages, features or characteristics, like monero and ethereum.
Bitcoin has gain the trust from many investors to build its reputation and it will take a very long time yet until an altcoin can overcome the bitcoin's legacy. Probably people alive right now won't be able to see it happening during their lifetime.

So what happens if companies with analytics technology start sniffing into your life and find out every single detail about you? More and more, nothing you can hide, zero privacy. Do you think you would start using an anonymity currency? I would. Even if you don't, what if your friend tells you to send Bitcoin anymore because he doesn't want everybody else to know you guys are transacting? Will you say no to your friend? If you don't care about your anonymity or privacy, you are also hurting your friends' desires for privacy.

[aioc]

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?

We can have this topic and discussion like this for the next ten years and we'll still see Bitcoin in the number one spot, I don't see any coins in the market right now that can poise as a big threat to Bitcoin, these new coins are offering new innovations but they still fall short of the competition against Bitcoin.