Thirsty_$$ (OP)
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June 07, 2024, 05:48:00 AM |
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Hi everyone, I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.
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Hatchy
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June 07, 2024, 06:10:54 AM |
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In the past, a lot of dev has tried to do this through forks. They have tried to replicate Bitcoin but with no avail. We have 2 forks in Bitcoin, soft fork and hard fork. The hard fork, is what the developers had tried to create fake replica of Bitcoin like the wrapped Bitcoin wbtc and BCH there are some others I can't remember though. But after many years of trial, they still couldn't do it as Bitcoin cannot be replaced as who will one want to buy a duplicate in the first place?We can't tell about the future as we know it's unpredictable. But for now I don't think there's any cryptocurrency out there that would be created with such potential to surpass that of Bitcoin.
Most of these coins you see today are just profit in and profit out. A lot of these memecoins and new network won't last for long even with their current hype and pump that's going on in the crypto market. So I don't think there is any chance for any of these current cryptocurrency or developers to create something that can surpass Bitcoins potential and level now.
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mk4
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June 07, 2024, 06:21:24 AM |
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It depends — which feats/achievements specifically? Bitcoin has succeeded in a lot of things but only some of the feats can be replicated in other cryptocurrencies.
But just to answer the question — technically? Yes, because in the tech world, you can't say certain things are 'impossible'; but how likely? Very very unlikely in my opinion.
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Awaklara
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June 07, 2024, 06:45:32 AM |
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Bitcoin has experienced extraordinary improvements, but you need to know that this was not achieved easily and quickly. So if there is a breakthrough from a new crypto that can match Bitcoin's achievements in a short time, I don't believe it can. popularity and trust in Bitcoin is very high in the market. Even though you may see a meme coin that has managed to gain popularity quickly, the achievement will not be as big as Bitcoin.
never believe a project that says they are the next Bitcoin.
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Churchillvv
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June 07, 2024, 08:13:35 AM |
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Technically a lot of bitcoin features can be replicate and it might even surpass bitcoin not even in the nearest future but there already exist some kind of coin that has more privacy than bitcoin which is known as monero, there are other areas which other cryptocurrencies has copied bitcoin features and might even do well than bitcoin.
But in a general statistics no coin can be compared to bitcoin not even in price if that's where you are looking at and the capacity, bitcoin has done well over 15-16 years now and do you think that some coin that will emerge today can beat bitcoin after all this years and a large community.
well if any dev or crypto forks tries to convince you to buy some shitcoins using such scenarios or should I call it lies that their shitcoin will perform well than bitcoin in future you can tell them to go fuck themselves.
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AVE5
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June 07, 2024, 08:24:19 AM |
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In the past, a lot of dev has tried to do this through forks. They have tried to replicate Bitcoin but with no avail. We have 2 forks in Bitcoin, soft fork and hard fork. The hard fork, is what the developers had tried to create fake replica of Bitcoin like the wrapped Bitcoin wbtc and BCH there are some others I can't remember though. But after many years of trial, they still couldn't do it as Bitcoin cannot be replaced as who will one want to buy a duplicate in the first place?We can't tell about the future as we know it's unpredictable. But for now I don't think there's any cryptocurrency out there that would be created with such potential to surpass that of Bitcoin.
Most of these coins you see today are just profit in and profit out. A lot of these memecoins and new network won't last for long even with their current hype and pump that's going on in the crypto market. So I don't think there is any chance for any of these current cryptocurrency or developers to create something that can surpass Bitcoins potential and level now.
That's just it. There had been a lot of ideal developers who had tried to replicate bitcoin but couldn't succeed it likewise the populous AltCoins that has also structured to doublecross bitcoin in potentialities but yet to no avail. Bitcoin has followed due processes of cryptocurrencies without enforcing manipulations to gain dominance and the potential values so, lucky enough that as time goes more adoptors are accepting the bitcoin financial technology which is giving it more potential values and other cryptocoins tending to manipulate to surpass bitcoin always flops just like the MemeCoins forces in. Just as you've said, for now, there's no cryptocurrencies to dare surpassing of bitcoin while the future remains unpredictable to be determined what cryptocurrency would remain at the top in the far future.
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un_rank
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June 07, 2024, 08:26:21 AM |
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It is very, very unlikely that will happen in the near future and very unlikely it would happen in the distant future but is not impossible.
I do not think there is any existing coin that can deliver the features bitcoin has better than it does, in the future it is possible, do not hold your breath however.
- Jay -
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Odohu
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June 07, 2024, 08:29:04 AM |
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Hi everyone, I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.
Actually there is nothing that is impossible but for the case of another cryptocurrency rivalring Bitcoin, that is close to being impossible. Bitcoin have come a long way, survived so many challenges and it is looking like it has not even started considering the present realities where many institutions and governments are keying into it. Having another cryptocurrency to pass through those lengthy and rigorous processes is something difficult to imagine. I understand that most of you are usually brainwashed by new projects that promise to solve their sometimes imaginary problems with Bitcoin. They come with all manners of conjectures with the sole purpose of wooing innocent investors through promise of earning stupendous ROI. But in the end, they will deliver nothing and work away with fat envelopes. If you have been entangled in such fantasy, please wake up and start building your Bitcoin portfolio because we are just getting started.
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Davidvictorson
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June 07, 2024, 08:35:25 AM |
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Hi everyone, I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.
There are many feats that Bitcoin, since its creation has been able to achieve. One of which is in the number of people who own bitcoin compared to other cryptocurrencies. To support this statement , let me state Metcalfe's Law. It states that the value of a network is proportional to the square of the number of connected users or devices in the network. In relation to bitcoin, it is so valuable not only due to its uniqueness but also it has multiple use cases in transactions, store of value, investments, remittances, decentralized finance (DeFi) and in other spheres. As it demand is increasing, so will its price. For any new cryptocurrency to replicate this, it would need to attract the same number of users from the bitcoin network to its own which I don't think it possible unless it offers a very unique advantage over bitcoin.
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Mia Chloe
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June 07, 2024, 08:47:40 AM |
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Hi everyone, I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.
Op if you are speaking from the perspective of price and network decentralization with emphasis on price, I believe the chances of an altcoin surpassing Bitcoin is near zero. Bitcoin has been a long for a very long time now and aside from that I believe it's also safe to say it has gained a great deal of trust from a lot of crypto investors especially because of its ability to battle inflation and also because of the fact that it is decentralized and therefore the government can't control it. Majority of altcoins and shit coins as well as meme coins out there are all pump and dump schemes. They are used by their creators to target people who aren't able to understand the dynamic nature of such market. This is the more reason why they have a high price during the pump period to draw people and almost lose value when they enter the dump period.
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Ishicryptic
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June 07, 2024, 09:09:18 AM |
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Anything is possible in the future but as of this present time I seriously doubt that any cryptocurrency can achieve the feat of what Bitcoin, has achieved from the time of it's creation till now. Bitcoin has gone through different stages of skepticism to gain the trust of individual and institutional investors and even if any cryptocurrency will try to replicate it, I don't think that they can beat Bitcoin, because some have tried and were not able to surpass Bitcoin. Bitcoin is the most recognized and acceptable crypto that can be compared to fiat in terms of being a currency for payments of goods and services, despite that it is a decentralized digital cash. It is the most valued crypto asset that any investor can hodl without fear of it diminishing to become a shitcoin.
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God bless u
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June 07, 2024, 01:35:20 PM |
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Hi everyone, I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.
I don't think so there is any coin that have so much strong fundamentals and deep marketing base to surpass BTC. Surpass is a big word but I don't think any coin can get near the price of BTc. This is because nowadays the whole market is being captured and controlled by BTC. We can see that a dump in BTC creates a dump in the whole market while a pump create a pump in almost all the altcoins. So this shows the whole market is in hands of BTc and it's investors.
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colinistheman
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June 07, 2024, 01:57:06 PM |
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The cryptocurrency with good potential will survive at the bear market,because the traders had their trust in that coin.So the traders will not sell that potential coin at the bear market due to panic.The traders with more knowledge will analysis the market and then inverse at the bear market.Because investing at the near market will help the traders to make more money in the cryptocurrency field.The trader who want to make the margin profit in the cryptocurrency should check the background verification of the project and use the money to get margin profit.
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rodskee
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June 07, 2024, 03:01:39 PM |
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Hi everyone, I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.
Read around here mate and you'll find the answers,there are so many project from the past that tries to imitate Bitcoin and it's Blockchain but none have succeeded because investors do not trust them for many matters ,but answer my question first "What is the sense of this questions?
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Dunamisx
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June 07, 2024, 05:14:52 PM |
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I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.
For now none yet, in the future we cant predict, but according to what we have already, bitcoin still remains the leading cryptocurrencies and most acceptable digital means of making payment, other digital coins are altcoins and carbon copy of what bitcoin has introduced, their value or worth is still very far to where bitcoin has gotten, i doubt anything could dare contend with bitcoin for now till some generations to come.
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jacafbiz
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June 07, 2024, 06:40:57 PM |
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Hi everyone, I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.
It is possible but the chance of it happening now is difficult because of greediness on the part of developers and VC's. People forget to consider a lot of factors work in favour of Bitcoin, the economy downturn in the world then, Satoshi not dumping his coin being one of the richest Man in the world currently, the way it was distributed and mined, the libertinarian spirit in people then all these contrast what we have now. Greed is the only thing that is preventing us from having another coin as successful as Bitcoin.
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Stalker22
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June 07, 2024, 06:54:03 PM |
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~ Replacing Bitcoin is not going to happen that easily, thats for sure. I just cant imagine some other coin knockin it off its throne. Bitcoin is the OG, the one that made digital money possible and it has seen some wild highs and lows over the years but it is still standing strong. Now dont get me wrong, I know what some of these new kids on the block are doing with all their bells and whistles. Could be they end up matterin someday, who knows. But for me personally, nothing beats Bitcoin's raw simplicity and battle-tested cred in my book. Maybe Im old school but to me the original is still the best.
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kentrolla
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June 07, 2024, 09:52:13 PM |
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At this moment I don't see any competition to Bitcoin as most of the Altcoins are fighting for survival and we have seen in the past how so many projects tried competing with Bitcoin but failed as every Altcoins looks good during the bull run but only during bearish market we get to know how much we can rely on them. I am not ruling out the possibility of any other coins taking over Bitcoin but not at the moment.
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martinex
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June 08, 2024, 03:02:56 AM |
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Currently this possibility exists but no one has been able to achieve it. There are many achievements with thousands of percent, but for prices up to 73K, the highest such achievement is not yet available. Previously there was an altcoin SEX Odyssey (SEX) whose price was quite fantastic and the current price is $4,877,257.55 source https://coinmarketcap.com/id/currencies/sex-one/ but now Bitget is no longer traded only on a few exchanges such as Mexc and SushiSwap (Arbitrum).
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Bureau
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June 08, 2024, 04:39:47 AM |
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The problem with other crypto is to sustain their position. Bitcoin has been on the top for about 15 years now. In the past a few altcoins did surpass the price but they could not hold it for quite long. Bitcoin has been in the number one position and after the ETF approval it is now impossible for altcoins to challenge its position.
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