Topic: could bitcoin be replaced by another crypto currency? - page 13. (Read 11957 times)

What I believe is totally opposite to what you have explained. Bitcoin is the oldest crypto currency and no other digital currency has yet been able to even stand next to bitcoin. Bitcoin is not just so called leader and father of these toddler coins.

It is totally controlling the value of other altcoins even the value of altcoins is measured with reference to bitcoin. No other currency can overpower bitcoin in any aspects.

IMO as long as bitcoin can avoid a catastrophic crash, it will remain the dominant cryptocurrency for having established itself as #1 so early in the game. Despite other coins having better features, bitcoin has the top spot in the consumers mind, like Coca-Cola. Not to say we won't have strong #2s and #3s - there will always be Pepsi, but it will be very difficult for any other coin to knock bitcoin from its throne. The mystery of Satoshi just adds to the allure of bitcoin. Stories are important.

A good example is the QWERTY keyboard. It's known to be slower and inefficient compared to other keyboard layouts (Dvorak and KALQ) but we're still using QWERTY and probably will for as long as keyboards exist. QWERTY got ahead in people's minds and no one cares enough to switch, so manufacturers continue making QWERTY keyboards. The same could be said for the internal combustion engine that was created in 1859 and is just now starting to lose popularity even though the electric motor came out first ^{https://en.wikipedia.org/wiki/Electric_motor}

When your Mom goes to her financial advisor and asks about investing in bitcoin, they're going to sell her bitcoin tried and true, and maybe some ether. Not some high risk alt. Coke and Pepsi.

Again, the crash would have to be so massive as to completely destroy people's trust in the system and scare off the hoard of people who would otherwise happily buy in at almost any level below where we are now, and even then, the resilience shown by the community in the past leads me to believe we could bring it back from anything short of the eventual heat death of the universe.

Now, this is something already expected, especially, with bitcoin's success. However, BTC is dominant in its own industry, so it might be little difficult for other cryptocurrencies to best it.

When you start first, there is always that thing with trust that would keep pushing you forward and that is the first movers advantage. Bitcoin has experienced a lot in quite a huge number of years with some pretty good development, so do you think investors would give up that for a coin that was just born yesterday without much transaction and just promise of something better ?

Checkout what happened to ETH that gave birth to ETC, which I guess a lot investors learnt their lesson. This is one major reason it would be very hard for bitcoin to get pushed out that easily

Everything can happen, and I think it takes a long time to replace bitcoin, what makes bitcoin hard to replace is the largest marketcap and all coins use satoshi or bitcoin to know the price, so bitcoin is very popular compared to other altcoin.

There is a reason why people call bitcoin as the mother of cryptocurrencies, because it is where it all started. I think if bitcoin didn't started the trend there will be no alternative coins, that is why its called alternative. People already trust the capabilities of bitcoin, over the years it has proven itself to the people, no one can replace bitcoin for now, but we never know what the future may bring.

Nothing will happen in near future, many people don't understand that bitcoin is extraordinary and its already happening everywhere around us. Bitcoin era started and the end of this era is not close in my opinion. There are many alts, tokens but non of them can come close to bitcoins because all of them are just copies of bitcoin. Everything good in this world is have many copies, most people can't afford real and original things and they will need to settle with some alt, that is their role, and if anyone thinks that some copy can replace original that person lives in illusion.

Op, i doubt if such a thing would ever happen in the nearest future because the way Bitcoin is getting more acceptance world over and the way in which Bitcoin value is growing it will be difficult for any altcoins to replace Bitcoin in the nearest future except some thing extraordinary happen in favour of such altcoin that will affect Bitcoin.

There is nothing ideal, and certainly at some point you will see much better and excellent cash than bitcoin. just waiting around time, perhaps a good coin and may substitute bitcoin is Ethereum and surf.

It could be! For now I think bitcoin can't replaced by another coin yet, but in the future, I believe ETH might be able to replace bitcoin as the #1 coin. Bitcoin is a decentralized coin but I think 'miners' controls this btc now. They can manipulate the prices, blocks, etc. I think this could to lead the fall down of bitcoin.

In short run, I don't think bitcoin will be defeated by altcoins. In long run, bitcoin will still dominate coin market, but its strength will be decreased by altcoins I guess.

this is Empty talk, because Bitcoin is Bitcoin and there will not be such an alternative. Already many have tried to create something like, and even today we have Bitcoin twins. But nobody could compare even with the price of this crypto currency. But coins are used and valued today, but they are not equal to Bitcoin.

it will be the forever hope for the other cuurencies that they will replace bitcoin. bitcoin is now very strong crypto currency in the world market. it has the highest value in the market than all other crypto currecies. the rising rate of the bitcoin is also very high. the security is a plus point that bitcoin is. Other crypto currencies can hope only that they will replaced the king ''BITCOIN".

For now it is impossible to say that some cryptocurrencies can overthrow bitcoin right now.But we do not know what will happen next maybe ethereum can be in a counterpart.Bitcoin is volatile.Ethereum is stable enough.

Ethereum or NEO or another Smart Platform must replace BTC which is nothing than a high cost database. I think soon or later some crypto will replace it.

I am happy you mentioned that word that if bitcoin does not make a move. We sure do have a lot of competitors but have you asked yourself that despite all these competitive projects you think are out there right now and the huge transactions fees we have experienced, why do you think investors have not gotten angry to move to those coins ?

No one wants to invest in a non-tested on a large scale coin which is what makes bitcoin different and investors to be able to trust it thus far. Based on your opinion raised though, do you think it is possible for bitcoin to just remain stagnant with no improvement ?

That's true, although many coins are more advanced, but still the number one bitcoin. so do not despair if there is a coin that appears and high, but still can not beat bitcoin.

No this cannot happen.Bitcoin is the leading cryptocurrency today and all the other cryptocurrencies and altcoins are regulated with respect to bitcoin.In the last eight years,it has gained a new height and it is giving competition to the fiat currency too.The users of bitcoin are increasing day by day.Though bitcoin is not legalised in many nations,it is used by many people.Investing in bitcoin is a way to earn tremendous profits in a very short period of time.

Often different project were getting into existence with varied accessibility features. But none were that solid as bitcoin in terms of growth. This gives me a belief that, however advancement take place bitcoin will lead the track and nothing is gonna replace bitcoin.

It is surely possible sir if Bitcoin doesn't make a move. Bitcoin is not the only cryptocurrency in the net, it has many competetors and their goal is to be step ahead from them. Bitcoin is still patronizing by many people because of its interesting features but if there is a crypto that will have more interesting and base on its users, Bitcoin will be out of the line.