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Author Topic: Will Altcoins replace Bitcoin?!?!?  (Read 3516 times)
Insomnia family
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August 10, 2021, 12:12:37 PM
 #501

Once again I want to say that Bitcoin will never be replaced by any altcoin. Bitcoin is highly decentralized, secure thanks to POW, and we all know that Bitcoin has proven to be able to stay on the 1st list in the crypto market for years.

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August 10, 2021, 12:26:23 PM
 #502

If seen visually it does not happen, especially when juxtaposed with data and facts, Altcoins replace Bitcoin is very far and what is happening now is that every time a correction occurs, all dominant altcoins follow the opposite. actually, BTC is the king of coins/tokens.

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big kid
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August 10, 2021, 01:50:16 PM
 #503

I think for now only ETH have a chance to replace BTC. It's innovative and evolving every year. BTC is still #1 Just because it was the first and a lot of people doesn't want to learn about other cryptos.
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August 10, 2021, 02:24:02 PM
 #504

I think for now only ETH have a chance to replace BTC. It's innovative and evolving every year. BTC is still #1 Just because it was the first and a lot of people doesn't want to learn about other cryptos.
Even eth cannot overthrown bitcoin its highly impossible, bitcoin will forever be the number one coin in the crypto space, the market cap of bitcoin is way beyond ethereum market cap, and it's not possible for any new altcoins or the existing ones to attain such market cap, the more other altcoins keep getting closer the more bitcoin keeps bridging the gap

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rmhuntley
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August 11, 2021, 04:13:12 PM
 #505

I think for now only ETH have a chance to replace BTC. It's innovative and evolving every year. BTC is still #1 Just because it was the first and a lot of people doesn't want to learn about other cryptos.
Even eth cannot overthrown bitcoin its highly impossible, bitcoin will forever be the number one coin in the crypto space, the market cap of bitcoin is way beyond ethereum market cap, and it's not possible for any new altcoins or the existing ones to attain such market cap, the more other altcoins keep getting closer the more bitcoin keeps bridging the gap
Eth have potential the same price with bitcoin because every moment eth can raise up and less dump, disappointed why I sell eth with lower price last year and now loss many chance with eth back to higher price. You can invest on eth now but if bitcoin raise higher price very possible for eth above $10,000 maybe one year later.

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Baimovic
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August 11, 2021, 05:41:04 PM
 #506

Eth have potential the same price with bitcoin because every moment eth can raise up and less dump, disappointed why I sell eth with lower price last year and now loss many chance with eth back to higher price. You can invest on eth now but if bitcoin raise higher price very possible for eth above $10,000 maybe one year later.
Even though the price of Ethereum is very high and will likely continue to rise, will it replace Bitcoin? Of course that will not happen because altcoins will always be under Bitcoin and Bitcoin will always be the most sought after coin in the future.

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August 13, 2021, 12:25:54 PM
 #507

I think that the answer is quite obvious. There isn't any guarantee for Bitcoin to maintain its place in the market forever. Even it is not certain that Bitcoin will continue to exist forever or not. No kind of currency guarantees you such thing. You should always be ready to see even Bitcoin being destroyed by another cryptocurrency in the future. Maybe it will be an altcoin which already exists like Ethereum, BNB etc.. Or maybe, some people will announce a brand new cryptocurrency project in the future. And it will be even more promising than Bitcoin. And after some time, it will manage to leave Bitcoin behind and capture its throne.

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August 13, 2021, 08:18:34 PM
 #508

I think that the answer is quite obvious. There isn't any guarantee for Bitcoin to maintain its place in the market forever. Even it is not certain that Bitcoin will continue to exist forever or not. No kind of currency guarantees you such thing. You should always be ready to see even Bitcoin being destroyed by another cryptocurrency in the future. Maybe it will be an altcoin which already exists like Ethereum, BNB etc.. Or maybe, some people will announce a brand new cryptocurrency project in the future. And it will be even more promising than Bitcoin. And after some time, it will manage to leave Bitcoin behind and capture its throne.

That's certainly true, mate. Nothing lasts forever. Bitcoin may still be the "King of Crypto" but it can lose that position if another contender with a better technology than Blockchain comes up in the future. We should be prepared for the worst by diversifying our investment into more than one cryptocurrency. As a matter of fact, any cryptocurrency which relies on Blockchain technology is called an "altcoin" simply because Bitcoin is the one cryptocurrency that started it all. The pioneer cryptocurrency (BTC) has first-mover advantage so it's unlikely it'll go away anytime soon.

Again, only a new cryptocurrency with a better tech than Blockchain will be able to take down Bitcoin's place as the #1 cryptocurrency in the world. Until that happens, Bitcoin will be the leading cryptocurrency of the market. Instead of focusing on Bitcoin's "replacement", we should focus on making use of crypto/Blockchain tech for our own benefit. Crypto is all about decentralizing money so that people can have an "escape route" from the current monetary system. As long as there's freedom, nothing else matters. Just my thoughts Grin

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