What are the chances BTC is actually overtaken by another crypto?

[talkoncrypto Official]

When the famous Satoshi Nakamoto first designed his masterpiece, few could possibly have imagined the almost $63,500 peak that sent investors into a frenzy.

Read and Share your Opinion

https://cryptoplo.com/what-are-the-chances-btc-is-actually-overtaken-by-another-crypto/

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[avikz]

These are clickbait articles without any substance to rely on. It's highly unlikely that bitcoin will be overtaken by any other currency at any point of time in future. There will be currencies which will give a little competition to bitcoin but there's no question of overtaking it. In real world comparison, it sounds like South Korea overtaking the economy of US. That's not gonna happen.

Pioneers always win in majority of the cases (there are exceptions obviously). But the way bitcoin has reached the crypto users and the way companies are using it as an alternative to cash reserve, there's simply no turning back for bitcoin.

[South Park]

These are clickbait articles without any substance to rely on. It's highly unlikely that bitcoin will be overtaken by any other currency at any point of time in future. There will be currencies which will give a little competition to bitcoin but there's no question of overtaking it. In real world comparison, it sounds like South Korea overtaking the economy of US. That's not gonna happen.

Pioneers always win in majority of the cases (there are exceptions obviously). But the way bitcoin has reached the crypto users and the way companies are using it as an alternative to cash reserve, there's simply no turning back for bitcoin.

Exactly, there is no cryptocurrency that is ever going to be capable of overtaking bitcoin especially when it was created with such characteristics, if someone wants to create something that could displace bitcoin then they need to create something different that is just not a fork of bitcoin, a cryptocurrency is never going to cut it, it will have to be a different concept, however this is getting more unlikely by the day as each day that passes in which bitcoin not only survives but thrives makes it more difficult for any other concept to surpass it.

[willoweb]

I am sure that sooner or later this will certainly happen. There are a lot of reasons for that, it makes no sense to list everything here. But think for yourself, sooner or later all the bitcoins will be mined, all the bitcoins will be sold or bought, the mining capacities will be stopped and they will start to mine so that the market and technology do not stand still and are constantly developing. I think bitcoin will always be from the point of view of a discoverer and in the end it will become a kind of collectible coin - call it whatever you like.

[goldade]

When the famous Satoshi Nakamoto first designed his masterpiece, few could possibly have imagined the almost $63,500 peak that sent investors into a frenzy.

Read and Share your Opinion

https://cryptoplo.com/what-are-the-chances-btc-is-actually-overtaken-by-another-crypto/

I do not believe that a time will come when bitcoin will be overtaken by another cryptocurrencies.  Considering the many factors that contributes to the success of bitcoin as the number one cryptocurrency, you'd realise that no other cryptocurrencies comes close.
If you'd talk in terms of price, bitcoin tops the list. The second cryptocurrency is Ethereum and it just surpassed the $4k mark unlike bitcoin that has a ATH of $63k.
Secondly, talking about adoption, bitcoin has gain widespread adoption more than any other cryptocurrency. This is partially due to the fact that it is the first cryptocurrency and partially due to the fact that quite a lot of top companies are adopting it.

[kryptqnick]

I think the chances are very small. We cannot really calculate them because it's unclear which factors we should take into account when doing this, but on a scale from 1 to 10 with one being very likely and 10 being next to impossible, I'd give it a 9. Many argue that with technologies there are always nice improved things replacing the old ones, but I think that Bitcoin has been around for long enough and has faces strong competition from literally thousands of altcoins. And it not only remains #1, but also still has a huge share of the total market capitalization of cryptocurrencies, with the closest rival (Ethereum) being nowhere near it (19% against 42%).

[YOSHIE]

I would say 0% other Crypto / Altcoins are taking over Bitcoin.

If you compare the network used by Bitcoin to date no one has matched it, as long as you don't talk about prices, In terms of price, of course there is crypto that exceeds Bitcoin like YFI, of course there is a difference between network switching and the position of Bitcoin and other crypto prices.

There is no mutation yet, of course it doesn't happen, there are many reasons and factors, if it is explained it takes a page to discuss it.

[jossiel]

Such a clickbait.

You want us to go to the article and get some traffic through us. But anyway if the context is all about bitcoin being overtaken by another crypto. This has been a topic for ages and even before those bull runs came.

I hope someday that there's only going to be the very few people who are thinking about this.

[Imran232]

Though its time when anything becomes viral and specially memes. On crypto industry same. Thats why lots of memes coin made people Millionaire. Lots of shit project made some people Millionaire and made some million losser. And now crypto meme project becomes a trend like nft. So every crypto users are trying to take benifit from trend. Maybe this person wants too. But i think he don't want to take risk by investing such meme. Thats why he made an alternative way which is earn from adds. And use such a click bait so people visit his article and he can made some from adds.

Remember brother dad is always a dad and bitcoin is the father currency in crypto so non such kids take a fathers place. I hope you got it.

[seoincorporation]

If any crypto will overtake bitcoin by market cap, then that coin will be ETH for sure, as we can see right now ETH has half of the Bitcoin market capitalization, and it has been growing fast in the past months. I don't feel it's ready to overtake the market but looks like it's on the way to do it.

Almost all the altcoins have their market capitalization based in bitcoin, and this makes it hard for us to see the coins at the same value as bitcoin, but is important to remember some coins have done it in the past, at least for a short period of time. Let's remember when zcash comes to the markets, its first value was close to 3000BTC one zcash and whit time it had a market adjustment.

[CryptopreneurBrainboss]

If any crypto will overtake bitcoin by market cap, then that coin will be ETH for sure, as we can see right now ETH has half of the Bitcoin market capitalization, and it has been growing fast in the past months. I don't feel it's ready to overtake the market but looks like it's on the way to do it.

Ethereum don't have what it takes to overtake bitcoin in terms of market capitalization, we have been hearing this over the years yet anytime Ethereum comes close, Bitcoin gives more reason to kill that dream of been the most valued project in terms of market capitalization.

If with all the Crowdfunding and DeFi hype, ethereum couldn't overtake bitcoin in term of market capitalization then I don't think Ethereum has other trick that could help make that possible.

Coins with more stability like stablecoin are those that I'll bet on because time will come when stablecoin will become a household name in the industry that everyone would want to use them.

[SimpleMan]

These are clickbait articles without any substance to rely on. It's highly unlikely that bitcoin will be overtaken by any other currency at any point of time in future. There will be currencies which will give a little competition to bitcoin but there's no question of overtaking it. In real world comparison, it sounds like South Korea overtaking the economy of US. That's not gonna happen.

Pioneers always win in majority of the cases (there are exceptions obviously). But the way bitcoin has reached the crypto users and the way companies are using it as an alternative to cash reserve, there's simply no turning back for bitcoin.

Exactly, there is no cryptocurrency that is ever going to be capable of overtaking bitcoin especially when it was created with such characteristics, if someone wants to create something that could displace bitcoin then they need to create something different that is just not a fork of bitcoin, a cryptocurrency is never going to cut it, it will have to be a different concept, however this is getting more unlikely by the day as each day that passes in which bitcoin not only survives but thrives makes it more difficult for any other concept to surpass it.

If we look at how the dominance was shrinking mainly because of ETH's performance I would tend to not say never ever. In the beginning I never even believed that its dominance might decline so much but now the whole situation looks differently.
There needs to be more development for Bitcoin as well. Especially development that makes it more user friendly in terms of speed/cost and privacy.

[PrivacyG]

Ethereum don't have what it takes to overtake bitcoin in terms of market capitalization, we have been hearing this over the years yet anytime Ethereum comes close, Bitcoin gives more reason to kill that dream of been the most valued project in terms of market capitalization. (..)

It seems like with more economical turmoil comes a much weirder cryptocurrency market however.  Since 2021, the markets appear to be moving weirder than ever before and altcoins with absolutely zero utility make it to the top easily.

With that being said, for me the possibility of Ethereum overtaking Bitcoin is definitely not out of the question for this year.  We are in the middle of a suppressed inflation and the incoming crisis only deepens in time.  If Dogecoin has been capable of taking the fourth spot of top cryptocurrencies, Ethereum might be capable of shortly overtaking Bitcoin's market cap this year.

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Regards,
PrivacyG

[CryptopreneurBrainboss]

.If Dogecoin has been capable of taking the fourth spot of top cryptocurrencies, Ethereum might be capable of shortly overtaking Bitcoin's market cap this year.

Lets be honest, the buzz around Ethereum in a slowly dieing off and that attention is been shifted to bitcoin and other altcoins. We have blockchain that are superior to whatever Ethereum claims it's doing (no disrespect) but with time ethereum might not received much privileges as it currently does.

We have new energetic projects all doing what Ethereum does effortlessly with more productively. The gas fees is taking utilities and liquidity out of the Ethereum market. Everyday we're seeing project moving from Ethereum to other promising blockchain.

Isn't that enough reason to rethink your thoughts?.

[iphone5s]

When the famous Satoshi Nakamoto first designed his masterpiece, few could possibly have imagined the almost $63,500 peak that sent investors into a frenzy.

Read and Share your Opinion

https://cryptoplo.com/what-are-the-chances-btc-is-actually-overtaken-by-another-crypto/

Too worried about Bitcoin being taken away but it won't be easy. With the volume until now there is no confidence Bitcoin can be controlled to set the price later. I thought more about Bitcoin would have a higher price than it is today and could not have imagined anything else. so when the price drops you should take firm action.

[tukans]

Nothing is impossible in this world.

[Hydrogen]

The reason BTC is unlikely to be overtaken by another crypto is.

Inflation protection and deflation algorithmically built into bitcoin's codebase are areas no one will challenge BTC.

Bitcoin will never have competition in those areas. Ethereum founder Vitalik Buterin openly considered shifting to limited supply rewards but ethereum's codebase is so flexible they could change it to be whatever they wanted whenever they wanted. Which would somewhat defeat the purpose.

[giantrobot]

When the famous Satoshi Nakamoto first designed his masterpiece, few could possibly have imagined the almost $63,500 peak that sent investors into a frenzy.

Read and Share your Opinion

https://cryptoplo.com/what-are-the-chances-btc-is-actually-overtaken-by-another-crypto/

I do not believe that a time will come when bitcoin will be overtaken by another cryptocurrencies.  Considering the many factors that contributes to the success of bitcoin as the number one cryptocurrency, you'd realise that no other cryptocurrencies comes close.
If you'd talk in terms of price, bitcoin tops the list. The second cryptocurrency is Ethereum and it just surpassed the $4k mark unlike bitcoin that has a ATH of $63k.
Secondly, talking about adoption, bitcoin has gain widespread adoption more than any other cryptocurrency. This is partially due to the fact that it is the first cryptocurrency and partially due to the fact that quite a lot of top companies are adopting it.

I also think like you. Hardly any cryptocurrency can surpass Bitcoin. This has not happened so far. Currently, the cryptocurrency market has a lot of investment coins that are all profitable. It was previously predicted that ETH will surpass Bitcoin but so far this has not happened.

[CaVO32]

I do not believe that a time will come when bitcoin will be overtaken by another cryptocurrencies.  Considering the many factors that contributes to the success of bitcoin as the number one cryptocurrency, you'd realise that no other cryptocurrencies comes close.
If you'd talk in terms of price, bitcoin tops the list. The second cryptocurrency is Ethereum and it just surpassed the $4k mark unlike bitcoin that has a ATH of $63k.
Secondly, talking about adoption, bitcoin has gain widespread adoption more than any other cryptocurrency. This is partially due to the fact that it is the first cryptocurrency and partially due to the fact that quite a lot of top companies are adopting it.

I also think like you. Hardly any cryptocurrency can surpass Bitcoin. This has not happened so far. Currently, the cryptocurrency market has a lot of investment coins that are all profitable. It was previously predicted that ETH will surpass Bitcoin but so far this has not happened.

Bitcoin may have shortcomings like expensive fees and transaction times, but at the moment, they way it is positioned in the market, would be hard to replace. The popularity alone is hard to topple with. But we are always open to the scenario that someday, a better one will come. But for the moment and the next coming years, I don't think another coin will replace bitcoin in its position.

[GreatArkansas]

To be honest, as of the moment. Only ETHEREUM got the SMALL chance for overtaken or flip Bitcoin.
Very small chance, we all know all the hype about Ethereum, the Decentralized Finance (Defi) or Non-Fungible-Token (NFT) things, smart contracts.

But if you take a look at the market cap of Bitcoin, it's still far, hasn't even reached 50% of the market cap of Bitcoin. For me, it is really impossible for any cryptocurrency that can flip Bitcoin.