Topic: could bitcoin be replaced by another crypto currency? - page 23. (Read 11974 times)
Currently Bitcoin still remains the best coins and having maintain this position for quite some time now I don't think any coins has that capacity to over take Bitcoin. Bitcoin is serving as a central bank to others altcoins and we can see this infect from the way others coins do react to Bitcoin price fluctuations. We should keep fate with Bitcoin and let others coins or altcoins serve the commacial activities of the coins market.
YES IF can beat the bitcoin coummunity .. but remember that bitcoin is the father of all crypto .. theres nothing wrong if you want to replace bitcoin by any other but before you do that or we !! that coin should beat what bitcoin value now! if not! well theres no discussion for this ..
look, everyone call it bitcoin but in a million of having a coin most of them only have some satoshi and not really bitcoin because when you said bitcoin it is on 1.0000 and above and not 0.000something we call it satoshi
Father does not mean that bitcoin is the greatest. father has a lot of son and son has more chance to develop and become even stronger than father because sons can be developed and improved by new technology look, everyone call it bitcoin but in a million of having a coin most of them only have some satoshi and not really bitcoin because when you said bitcoin it is on 1.0000 and above and not 0.000something we call it satoshi
It means bitcoin technology will be updated every time, I understand that is true. now bitcoin's blockchain is not 2.0 version but we can expect it may upgrade the higher version still so many countries does not aware of digital money and they just want to upgrade the banking. Independent bitcoin wallet or altcoin wallet cannot be handled by government.
YES IF can beat the bitcoin coummunity .. but remember that bitcoin is the father of all crypto .. theres nothing wrong if you want to replace bitcoin by any other but before you do that or we !! that coin should beat what bitcoin value now! if not! well theres no discussion for this ..
look, everyone call it bitcoin but in a million of having a coin most of them only have some satoshi and not really bitcoin because when you said bitcoin it is on 1.0000 and above and not 0.000something we call it satoshi
Father does not mean that bitcoin is the greatest. father has a lot of son and son has more chance to develop and become even stronger than father because sons can be developed and improved by new technology look, everyone call it bitcoin but in a million of having a coin most of them only have some satoshi and not really bitcoin because when you said bitcoin it is on 1.0000 and above and not 0.000something we call it satoshi
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?
Well yes it is, it is not impossible someday there would be a certain new digital currency will sprout and spread its potential for people , and it will be better than bitcoin, it is not impossible and people must be open also in that possibility since technology innovates , also the currency evolves. 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?
There is a possibility. However the probability of this ever happening is quite low.
In all of cryptocurrency's history, bitcoin has always been the number one crypto. Litecoin, Ethereum, Ripple have all come close but none have ever overtaken it. I believe that the reason this is the case even though you can see that Ethereum has more functionality, ripple is able to do interbank transactions and already have partners, and litecoin being cheaper in transaction fees and faster in blocks is that bitcoin has a reputation that no one else has.
All these altcoins are built on top of bitcoin's blockchain technology. Bitcoin was the first to implement it, it has a wider community etc. You barely can find one person that is involved in altcoins but not bitcoin. But you'll find lots that only believe in bitcoin, but not altcoins.
may be. if bitcoin stops developing and can not adjust to the development of the times, I think bitcoin will be quickly replaced by other coins that are more adaptable.
I don’t think so that bit coins will stop developing it will be progressing day by day many of countries are now accepting it across the globe transactions can be done with the help of bitcoins and many online store accept it so there is no chance to stop it or chance to convert it into any other currency because it is a trend that is settled toward this field and gain of profit is higher in BTC than other. 
No I don't think bitcoin could be replaced by any other cryptocurrencies in the near future as long as popularity, price and community that bitcoin has at the moment. Usually most of us are interested in cryptocurrencies other than bitcoin only for trading purpose so that we can make some good money with them. I agree there are a few cryptocurrencies like ethereum, ripple etc which may have something better than bitcoin to offer but unfortunately they don't have strong community in the lack of which most of them fizzle out in few years so a strong community of supporters is a must for any cryptocurrencies to survive and which only bitcoin has at present. I don't think bitcoin will be replaced by any cryptocurrencies any time soon.
Well there are other coins out there which some people prefer more than bitcoin, but in the end its converted to bitcoin (based on experience and procedures that i use) which is then converted to the currency of the country that i live in. As of now im participating in altcoins and truth be told it really is worth it in the end since its pay is really high.
may be. if bitcoin stops developing and can not adjust to the development of the times, I think bitcoin will be quickly replaced by other coins that are more adaptable.
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 lot of people and media have named bitcoin as the new gold and there is a possibility of bitcoin being replaced by any altcoin but it's not likely to happen any sooner. It will take years to do so and bitcoin will remain in power for a few years at least.
What I can imagine is that bitcoin is the investment form of crypto currencies, and another coin becomes the payment form of it.
The market capitalization of the coin used for payment could even be higher than the one of bitcoin.
But the payment coin should not have a maximum supply like bitcoin has.
Otherwise it would become a form of investment as well.
The market capitalization of the coin used for payment could even be higher than the one of bitcoin.
But the payment coin should not have a maximum supply like bitcoin has.
Otherwise it would become a form of investment as well.
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?
I think Bitcoin is developing and is now the world's most valuable currency so it's hard to get any money to beat it. However, in the future, I believe that there will be many other digital currencies to overcome the disadvantages of Bitcoin such as high fees, long transaction time. 
At first I thought it was impossible for Bitcoin to be replaced since it is the first cryptocurrency, but you are right, some altcoins may have better features than Bitcoin and people may prefer them instead.
Here's an analogy, lets imagine all cryptocurrencies are like mobile phones. Bitcoin is Nokia, and started the mobile phone trend. And soon after everyone started using Nokia. But brands like Blackberry, Samsung and Apple soon created their own phones, and Apple made a major breakthrough with a touchscreen function, where everyone gradually switched to that after a while, and now Nokia is outdated.
Bitcoin has our trust now, but other cryptocurrencies might overtake BTC in the future.
Is really other cryptocurrency can beat bitcoin? I think its impossivle because as of now bitcoin is the most trusted cryptocurrency than the other. And the value of it is higher than the other so more users prefer to it. And also because bitcoin is known and famous as of now. And becoming more famous. Here's an analogy, lets imagine all cryptocurrencies are like mobile phones. Bitcoin is Nokia, and started the mobile phone trend. And soon after everyone started using Nokia. But brands like Blackberry, Samsung and Apple soon created their own phones, and Apple made a major breakthrough with a touchscreen function, where everyone gradually switched to that after a while, and now Nokia is outdated.
Bitcoin has our trust now, but other cryptocurrencies might overtake BTC in the future.
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?
There is a possibility. However the probability of this ever happening is quite low.
In all of cryptocurrency's history, bitcoin has always been the number one crypto. Litecoin, Ethereum, Ripple have all come close but none have ever overtaken it. I believe that the reason this is the case even though you can see that Ethereum has more functionality, ripple is able to do interbank transactions and already have partners, and litecoin being cheaper in transaction fees and faster in blocks is that bitcoin has a reputation that no one else has.
All these altcoins are built on top of bitcoin's blockchain technology. Bitcoin was the first to implement it, it has a wider community etc. You barely can find one person that is involved in altcoins but not bitcoin. But you'll find lots that only believe in bitcoin, but not altcoins.
YES IF can beat the bitcoin coummunity .. but remember that bitcoin is the father of all crypto .. theres nothing wrong if you want to replace bitcoin by any other but before you do that or we !! that coin should beat what bitcoin value now! if not! well theres no discussion for this ..
look, everyone call it bitcoin but in a million of having a coin most of them only have some satoshi and not really bitcoin because when you said bitcoin it is on 1.0000 and above and not 0.000something we call it satoshi
look, everyone call it bitcoin but in a million of having a coin most of them only have some satoshi and not really bitcoin because when you said bitcoin it is on 1.0000 and above and not 0.000something we call it satoshi
I would like to take a divergent view from recent comments that I have read. When it comes to be valuable in the manner of fiat equivalent, then bitcoin is not the highest because I have seen a coin in whose 2 btc is needed to buy 1 of it. But when it comes to adoption and potential, then there is no one that can overtake bitcoin for now and maybe in the future we can see that.
Bitcoin can be replaced by the other altcoins in the market because they are popping like mushrooms and for sure there are few altcoins that have a great features and goals so if bitcoin will not continue to improve itself then it is a complete game over for bitcoin and it will take a few years for bitcoin to get replaced by altcoin.
Seems that it is not possible for any altcoin for replacing bitcoin. In this time bitcoin is stable but other altcoin is not. The price of bitcoin is now so high but there is no altcoin beside bitcoin. After all bitcoin is easy, fast transaction, most popular where other altcoin have no advantage like BTC.
I think no. We all know that the bitcoin is the ruler of the cryptocurrency because of its power. There is no possibility that the bitcoin will be replaced by another currency.
it's unlikely, BTC has so much adoption that a coin has to reach that before it takes over
overall people already trust BTC a lot which is why it's number one
overall people already trust BTC a lot which is why it's number one
The chances of something like this occuring is really less tge price of btc is higher than any alt and it is still the most famous one no one talk about eth or xmr people only know btc. Btc decreases but quickly recovers for alt many people hold for short term profit and sell immediately which is why alts are more prone to lose it's price that btc. Profitability is better with alts but people trust btc more than anything.
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