Topic: Can bitcoin be dethroned? - page 2. (Read 456 times)

It's certainly not easy but the possibility is always there. I think bitcoin is the best for now, so getting to the throne seems pretty tough. To abdicate, the throne is taken by something better and more famous than bitcoin, and for now I do not think anyone can, so it's impossible for now, but maybe in the future.

     I dont think so. Bitcoin has a stable market,altcoin is always behind the bitcoin,with out bitcoin,altcoin did not exist. Bitcoin is still at the top and i think it will continue as long as the demand is still high,altcoins like ethereum and  XRP are still a follower of bitcoin.

Bitcoin is interesting as a currency because it basically eliminates monetary policy. Though, I don't understand its utility as a post-apocalyptic currency. No electricity = no money. Plus, it seems odd to buy into a currency dictated by computational efficiency when you know corporations like Google probably have some secret CPU up their sleeve.

yes definitely, simply because there will always be something better, no one knows when but for sure.

As much as I am hoping that it won't, there are big chances that it would. Don't get me wrong, Bitcoin is very reliable however if other coins start stepping up their game and people would see that Bitcoin does not bring as much profit as the others does, then the chances are for Bitcoin to be replaced and dethroned. Bitcoin had a good run and is still promising up to date (despite the corrections), if it will be dethroned, it definitely left a good mark toward its users. It will be replaced but Bitcoin will leave a legacy that most of us would be thankful for in the future.

It is too early too assume that another cryptocurrency will dethroned the main which is bitcoin. I think next year, we will be judging the impact of bitcoins to the charts and its outcome price. If the results are nearly matched with its counterpart cryptocurrency, then maybe we should be worry that bitcoin will be replaced. There will be adjustments since bitcoins is already implemented to some businesses.

Of course bitcoin can be derived from the throne, not always bitcoin will be on top of another coin if bitcoin does not immediately innovate and creativity then of course bitcoin will be defeated by another coin. Just as happens to yahoo they do not update and look light on something new so they fall. Bitcoin will also fall if they are quite satisfied with the current results then I am sure sooner or later the bitcoin will also fall.

Bitcoin won't be dethroned!
Remember 1 month ago when Iota has its pump, or Lite coin or cardano..
So ripple has now its pump, but the next days are the days of Bitcoin

I cannot believe I am saying this but I believe yes. The Ripple market, if it can take the monthly outlay of billions of XRP and maintain its price then maybe it can dethrone Bitcoin.  

P.S. But only if Bitcoin continues to stay stagnant in the market.

Maybe yes maybe no. As of the moment bitcoin is still number one. And maybe tomorrow bitcoin could go to second spot. Their is no certainty that it will continue to dominate the race of cryptocurrency.

I honestly think that yes, Bitcoin can be dethroned. However, it can woll not be dethroned easily. Maybe several years from now itNis possible but as of now, it is leading way farther from the rest of the cryptocurrencies. Now what will detrhone it? Us, the investors and holders of Bitcoin. There might come the time that people will panic sell their Bitcoins and drag the price down to really low making the other cryptocurrencies surpass it easily. This scenario is common to most investment downfall like stocks.

Friend, I don't think you know what you're talking about. Ripple has the least invovlement (currently) in US markets. The only US bank that's dealing with Ripple is American Express. Most of the banks that Ripple is dealign with are from Europr or Asia (specifically Japan). So the US economy, financial system, or political policy has had little effect on Ripple.

This doesn't even address the fact that your response doesn't address my explanation of what Ripple does.




Because...

(1) Bitcoin was first to market, before Litecoin

(2) Bitcoin has 1/4th the amount of coins available (ever) than Litecoin, therefore making it more scarce. Bitcoin will only ever have 21 million coins mined. Litecoin will only over have 84 million coins mined. One could say that Litecoin is under valued and should be 1/4th the value of Bitcoin, but only if the demand for Bitcoin matched that for Litecoin.

Any other questions?

I'm laughing right now, lol. There is no way that those altcoins could surpass bitcoin, bitcoin is the superior of them all and it would take years before they could take it down, but we are still not sure, every year, the price of bitcoin is always increasing and getting more expensive. So, good luck to those altcoins who are trying to dethroned bitcoin.

I don't know how that is going to happen because it is too good to be true that those altcoins that you have mentioned could surpass bitcoin someday, but who knows, right?

you are wrong

ripple only can work if the usa stays as an empire

but it wont, why should the entire worlds economy be focused on the USA?

it currently only does that because the USA is controlling the oil in the middle east that is why there were so many wars over last decades (US-vs middle east)

the US financial elite did systematic propaganda to do their oil wars in the middle east, and all world needed to get US dollars to buy oil and develop their economies,

but this time is fading rapidly away especially with trump,

the US$ stops beeing a world lead currency, and ripple becomes then just an IT system used between banksters, that cit in glass palaces and enjoyed most privileged of the society, therefore i dont think ripple will be successful in the long term either.  

even the evaluation of bitcoin and others becomes questionable

why is bitcoin worth multiple litecoin and how many exactly? without a trustworthy and working lead currency this question cant be answered

money becomes highly social, and an instrument of leadership you dont take money if you know its not doing any good at all,

that is why i am working on this C-pro Cryptocurrency, that is about the development of value productive capacities

because i know in a post dollar environment money that is not doing god generally with an idea cant be evaluated,

if people in poverty and conflict striken environments take a currency that is designed about the creation value sorces they now it helps solving problems,

and a currency that is beeing designed to decentrally develop value sources willtherefore be popular

while currencies that are wasting ressources claiming just to be currencies, will not

regards

Yes Bitcoin can be dethroned, but not by Ripple or Ethereum. Ripple and Ethereum aren't intended for the same use as Bitcoin, so all three are capable of existing together and being successful.

Bitcoin was intended to be a currency, lately the market has been driving Bitcoin as more of an investment class (rather than a currency) and largely because merchants aren't flocking to accept a currency for payment that can fluctuate so much in value.

Ripple is a currency to facilitate bank transactions faster, like in 3 seconds rather than 3 days. The CEO of Ripple recently said on CNBC that currently the fastest way to send $10,000 from NYC to London is to get on a plane and fly it there! Ripple will solve that problem.

Ethereum is a blockchain template. It's currency is for processing power to move information across the Ethereum blockchain.

So all three have different business purposes, thus all three can be successful together.

no they are not.

yes it can be cause each time there is a pump the Ripple team releases a large chunk of supply easily and the cap of it is 100 billion (currently at 38 billion).  in order to surpass bitcoin in market cap they only have to release another 38 billion which will never hit the market (circulating supply) anyways so the market cap can simply and fake-ly jump to above bitcoin's.

dethroned in market cap? yes sure.
dethroned as the most used currency? not by ripple for sure.

bitcoin cant last forever actually, there are many problems and the worlds economy needs to continue,

for example the construction of a factory cant happen, with bitcoins as a fund, because how can you find out someone ist trustworthy?

there is nothing bad about this, if you are a smart guy you realise when to switch

i explain it to you very easily:

how can you say bitcoin is king when there is no US dollar anymore?

you cant, all cryptocurrencies arent equal anymore, and what comes next is that bitcoin is a vast waste of electricity

worldwide.

regards

The answer is a big no. This will not happen. The top two down to the last level in the thousandth rank will easily replace each other in their positions but the top 1 will always be Bitcoin. Ripple is is in Billions while Bitcoin is in a few millions only. Ripple is rising as we all know but it is basically based on some updates and new partnerships while Bitcoin is rising all the time without even a big announcement.

The market cap of ripple coin is quite high than most altcouns even also higher than etheteum, this is because ripple is now used in banking systems by some major banks and upto more hundred banks are intetested to test it soon. There are some absurd tokens which already have obtained more than $30 value per coin, i am not telling any altcoin can compare with bitcoin but why can't ripple surpass over all altcoins?

It Matters. Really depends if the lightning network can solve the whole messy business of transaction fees & the time it takes to actually get your money to arrive.

Lets assume that it did not, then we can also safely say that people will be looking into alternate coins to use as a form of crypto payment. From this, we can also deduce that over some period of time, that alt-coin's mempool will also get filled up and will result in a similar case to bitcoin.

A new system is needed here in this case, not another currency. That's why I'm kinda against BCH and BTG since they solve nothing of the current problems with bitcoin.