If there's something even more powerful, yes.
If not no. First to start always stand a higher chance to win.
Topic: could bitcoin be replaced by another crypto currency? - page 11. (Read 11974 times)
for me it cannot be, because if the bitcoin price increase meaning there are still many people who are still buying it and if bitcoin increases continuously for sure there will be more investors will buy, repeat.
We know recent price is increasing and i also believe more investor will buy and make the price to the moon.
But remember, nothing last forever. Bitcoin also will not increase forever. Will come the time that price decrease and make chance for another coin to replace it. But i know the possibility is very small but at least there is chance.
i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?
apparently not, bitcoin will be the king of all cryptocurrency and become the most expensive, if bitcoin is replaced then there will be a price game in all altcoin.
Bitcoin is the first heart crypto that is the mother of all altcoin. I think it will be difficult for other cryptoes to replace Bitcoin, can be seen from other crypto prices that have not been able to match the price of Bitcoin until now. That means Bitcoin will be hard to replace.
I don't think Bitcoin could ever be replaced by another cryptocurrency. It is the pioneer of all digital coins and considered as the original digital asset. Its idea is powerful and clear to which inspired other developers to create their own coin that can one day surpass it. However, most of the popular coins that is under Bitcoin has different purposes, that do not compete with the latter. If it can't challenged by any one, then BTC will still be on top for a number of years. Also, it is created as a currency that isn't under the influence of anyone nor control it by any entity, which signified that it is open for every individual, which makes it more valuable.
If it is to happen, Litecoin or Ethereum would most likely replace bitcoin. But I don't see it would happen so soon. At present the price of cryptocurrency is dependent on bitcoin. May be five years later.
bitcoin has gone so far ahead in value than ethereum so if it is going to match in value with bitcoin if incase it will, you are right maybe in 5 years or more from now. but there is this phenomena happening right now that boosts ethereum. this so-called crypto kitty.
No one can replaced bitcoin because this is the founder of all altcoins. Many cryptocurrency was good to invest today but impossible to compete with bitcoin. Yes, they do reserved as a virtual gold for more profit. If the bitcoin won't be trusted in the future maybe ethereum will take the sit to be number one of altcoins.
yes. but the odds as of the moment are low. the closest alt coin is ethereum. which is still far off.
I think it will not happen. Because bitcoins are the main of altcoin and all ex changers will bitcoin their exchange in other digital currency right now and this one is the first to get altcoin out and my coverage will not be lost. Because it has a big role in the world of altcoin. If it loses many investors the losses and can not recover in this bitcoin loss or else replaced by another crypto currency This is just my opinion.
IMO i think it is very possible, with good marketing and platform i believe at some point there will be a new kind of crypto currency that could beat bitcoin as our technology is always progressing.
Thingking that way even you dont know bitcoin that much is not really understandable well people talk about this way because they tend to criticize evrything even they dont realy know much about something. Nothing could replace bitcoin because it has a headstart of a years to grow than new cryptocurrencies.
It never be happen that other digital currency supplanted bitcoin in light of the fact that bitcoin have high Security framework and high market esteem. Additionally bitcoin has high rising rate in the esteem. The notoriety of bitcoin is additionally a factor that no other cryptographic money can supplant bitcoin. The trust of individuals wherever on the planet on bitcoin is high is contrast with another cryptographic forms of money.Thingking that way even you dont know bitcoin that much is not really understandable well people talk about this way because they tend to criticize evrything even they dont realy know much about something. Nothing could replace bitcoin because it has a headstart of a years to grow than new cryptocurrencies.
It never be happen that other digital currency supplanted bitcoin in light of the fact that bitcoin have high Security framework and high market esteem. Additionally bitcoin has high rising rate in the esteem. The notoriety of bitcoin is additionally a factor that no other cryptographic money can supplant bitcoin. The trust of individuals wherever on the planet on bitcoin is high is contrast with another cryptographic forms of money.
If the transaction fee rises to $100 or $200 per transaction, then the small and medium level users may just shift their holdings to Bitcoin Cash and Ethereum (right now they are in the $10-20 range).
i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?
Do you think that there is altcoin that can replace bitcoin? There is no altcoins that can surpass the bitcoin because the people will continue to buy and adapt bitcoins than altcoins. Bitcoin will be stay in the first place forever. i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?
Bitcoin has made its name in the world of currencies both in real and crypto which means it can never be replaced by any existing or pre-existing cryptocurrency. Bitcoin has made it to the top because of its uniqueness copied by other altcoins but still bitcoin handles the most in that. Bitcoin also has a price that is volatile which usually goes up but still it goes down sometime for a bit for some reasons happening in the market. i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?
A very good question. Bitcoin is currently the most valuable currency, with rates reaching over $11,000. But the future will probably have another crypto to replace this one. So I not only invest in Bitcoin but also invest in Altcoin and Token to make a big profit because the growth of Bitcoin is slowing down over time.
On the basis of present scenario I don't think it is possible for any other crypto currency to replace Bitcoin .Bitcoin in terms of price, popularity, demand and facilities is at number one position.It's current price is 11000$ which is far more than any other crypto currency.It's growth rate is unmatchable. No other crypto currency can provide us with the amount of special facilities that Bitcoin provide us .So according to me it is difficult for any other crypto currency to replace Bitcoin.
for me it cannot be, because if the bitcoin price increase meaning there are still many people who are still buying it and if bitcoin increases continuously for sure there will be more investors will buy, repeat.
i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?
As of now i thinks bitcoins is irreplaceable ,because of its huge value now in exchange market. the value now of bitcoins runs approximately to $9000-$10000 compare to the other kinds of coins or altcoins.this is the highest pump in the history of bitcoins, since the first time that it was proposed in the blockchain market.as huge value doesn't mean it irreplaceable for me. other alt coins more effective as a currency. low fees , faster confirmation etc are the reason of course. people even feel so fear when they spend their bitcoin as they prefer to wait until it has higher value, then when they could spend it ? as the point of a currency are to spend it often.
i do this question because i´ve read in this website issues with bitcoin, slow mining process, high fees, etc. and i´ve read too good reviews of some altcoins, ethereum (smart contracts), ripple (for transfers between banks), dash and nem. these altcoins called 2.0. could bitcoin become just in future virtual gold reserved to companies and rich people?
Bitcoin is the first crypto currency. I don't think any other crypto currency can stand next to the Bitcoin. It's king of all coin. Because of slow mining process and higher demand it's rising day by day. So you can't say in future anything will go to the hight that BTC has already reached. There is another aspect that anything can happen at any moment in crypto world. Practically it's not possible but who knows what's going to happen.
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