There is a great deal of chance that Bitcoin could indeed turn into a digital pure gold in the next 5 years, but in order for any altcoin to surpass
Bitcoin then they will have to surpass the hashrate and the price as well, that is unlikely in sight for it to happen because if Bitcoin becomes the
Digital gold then for another coin replacing it they will need to have a much higher price but if they do that then in term they will become a digital
Gold themselves, you see how complicated that is? no other coin could easily go above BTC because currently it's beyond any basement mining
And is a serious industry, if a coin doesn't have a great and large infrastructure in place and has a high price then something is wrong, maybe
It's a pump and a fake market? I would invest on a coin with Bitcoin's hash power or at least %80 of it but I will treat it as an alternative nothing more.
Topic: could bitcoin be replaced by another crypto currency? - page 31. (Read 11974 times)
In my opinion yes, bitcoin will be replaced by another crypto currency in the future but not now because there will be problems for bitcoin in the next few years and somehow it will be hard to be solved so there will be the time of another crypto currency to take over bitcoin and be the new king which is most of the people will like to use as a replacement for their bitcoin.
What happens is that it may continue to be used in parallel, while it is the most widely used and has the security that it offers, there will be faster options and in fact there are, but depending on the use and what is required to do, besides while there is conversion between one and another, so from that premise it might be that BTC may to have less probabilities that the rest of being replaced.
In my opinion yes, bitcoin will be replaced by another crypto currency in the future but not now because there will be problems for bitcoin in the next few years and somehow it will be hard to be solved so there will be the time of another crypto currency to take over bitcoin and be the new king which is most of the people will like to use as a replacement for their bitcoin.
Not only is possible, is even very likely. However the fact there are tons of new altcoins create much confusion and makes the process more slow.
Of course yes, bitcoins can be replaced by another cryptocurrency, the best candidate of coin is ethereum
i can see on coinmarketcap the capitalization of ethereum always increased,
ethereum has chance to replace bitcoins also ethereum has many dapps be made on there
and many people adopt ethereum than bitcoins.
yes everything can happen no doubt about it but but i think it is not so easy because bitcoin is becoming more and more stronger as compare to other currencies. and therefore bitcoin is still the number one cyrpoto currency. i can see on coinmarketcap the capitalization of ethereum always increased,
ethereum has chance to replace bitcoins also ethereum has many dapps be made on there
and many people adopt ethereum than bitcoins.
the popularity and bitcoin users has been increase day by day and i always consider bitcoin as the king of cryptocurrency and if the king has dead then there is no altcoin could replace him even some people says there are some altcoins possible to replace bitcoin in the future but i still trust bitcoin still strong so my answers for OP questions is there is no another cryptocurrency could be the replacement of bitcoin
It's almost certain to be replaced due to the unwillingness/inability to act on the scalability issues. Someone will always come along with a better offer and in the tech world, the advantage of being first to market doesn't last long.
Of course yes, bitcoins can be replaced by another cryptocurrency, the best candidate of coin is ethereum
i can see on coinmarketcap the capitalization of ethereum always increased,
ethereum has chance to replace bitcoins also ethereum has many dapps be made on there
and many people adopt ethereum than bitcoins.
i can see on coinmarketcap the capitalization of ethereum always increased,
ethereum has chance to replace bitcoins also ethereum has many dapps be made on there
and many people adopt ethereum than bitcoins.
Which cryptocurrency? if you referring to the coins with their devs lurking around exchanges to dump on poor and unaware people then no, there is an alternative for bitcoin yet not many showing any interest at all it's like they get sick if they ever try to use Litecoin, I don't see why couldn't LTC worth $1200 by now, maybe the governments and their agencies which are pumping ETH and other so called decentralized coins have no stash of Litecoin, as a bitcoin fan if I ever wanted to pick a coin as the second crypto I'd pick LTC, it is really undervalued right now.
No one knows, but I think the coin is Ethereum could replace bitcoin, if bitcoin riding hundreds of percent in 6 months, ethereum rise to thousands of percent, I'm sure the ethereum is big candidate to replace bitcoin.
Not necessarily "replaced" but overtaken for sure. ETH is already on the verge of overtaking BTC, and this could potentially happen by the end of the year even.
I honestly doubt that something this big will happen. It might happen but it's not going to happen overnight. The
new coin to replace bitcoin has a really fast pace on its growth that even a regular guy notices it. It doesn't take long for bitcoin users to migrate to another coin but it does take a while for bitcoin to get replaced. First, the coin has to solve all bitcoin's major issues. Secondly, the coin has to be hyped a lot and is supported by all cryptocurrency advisers. Third, the coin should be long enough for people to trust it.
On second thought, bitcoin can die on its own and be replaced by the second coin that we have. The coin doesn't have to do anything at all. It will automatically replace bitcoins.
new coin to replace bitcoin has a really fast pace on its growth that even a regular guy notices it. It doesn't take long for bitcoin users to migrate to another coin but it does take a while for bitcoin to get replaced. First, the coin has to solve all bitcoin's major issues. Secondly, the coin has to be hyped a lot and is supported by all cryptocurrency advisers. Third, the coin should be long enough for people to trust it.
On second thought, bitcoin can die on its own and be replaced by the second coin that we have. The coin doesn't have to do anything at all. It will automatically replace bitcoins.
We cannot know exactly if that bitcoin will replace by another cryptocurrency because we don't know what is the next move of bitcoin developers after we reach its limit. They have a lot of experience because they are first in history so maybe they can increase the limit of bitcoin or make another bitcoin again because bitcoin is the most popular and most of the countries are only adopting btc not alts. Like in thw Philippines, we can only cashout on bitcoin not alts.
It is possible that some other cryptocurrency may replace Bitcoin because transaction in Bitcoins charge very very high transaction fees which makes bitcoin's use impossible for small transactions
But it would take at least 3 to 4 years for some altcoin to rise to level of Bitcoin and replace it.
But it would take at least 3 to 4 years for some altcoin to rise to level of Bitcoin and replace it.
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?
Logically yes, bitcoin can or may be replaced by another ceyptocurrency, but practically it is very hard to rule out the trust and faith bitcoin gathered over the years to simply do away with it. Since it was the first to lead, it will lead by the time others catch up. 
Which cryptocurrency? if you referring to the coins with their devs lurking around exchanges to dump on poor and unaware people then no, there is an alternative for bitcoin yet not many showing any interest at all it's like they get sick if they ever try to use Litecoin, I don't see why couldn't LTC worth $1200 by now, maybe the governments and their agencies which are pumping ETH and other so called decentralized coins have no stash of Litecoin, as a bitcoin fan if I ever wanted to pick a coin as the second crypto I'd pick LTC, it is really undervalued right now.
No one knows, but I think the coin is Ethereum could replace bitcoin, if bitcoin riding hundreds of percent in 6 months, ethereum rise to thousands of percent, I'm sure the ethereum is big candidate to replace bitcoin.
Which cryptocurrency? if you referring to the coins with their devs lurking around exchanges to dump on poor and unaware people then no, there is an alternative for bitcoin yet not many showing any interest at all it's like they get sick if they ever try to use Litecoin, I don't see why couldn't LTC worth $1200 by now, maybe the governments and their agencies which are pumping ETH and other so called decentralized coins have no stash of Litecoin, as a bitcoin fan if I ever wanted to pick a coin as the second crypto I'd pick LTC, it is really undervalued right now.
No one knows, but I think the coin is Ethereum could replace bitcoin, if bitcoin riding hundreds of percent in 6 months, ethereum rise to thousands of percent, I'm sure the ethereum is big candidate to replace bitcoin.
Which cryptocurrency? if you referring to the coins with their devs lurking around exchanges to dump on poor and unaware people then no, there is an alternative for bitcoin yet not many showing any interest at all it's like they get sick if they ever try to use Litecoin, I don't see why couldn't LTC worth $1200 by now, maybe the governments and their agencies which are pumping ETH and other so called decentralized coins have no stash of Litecoin, as a bitcoin fan if I ever wanted to pick a coin as the second crypto I'd pick LTC, it is really undervalued right now.
Bitcoin will always have its place in the cryptoworld but its dominance is going to be replaced soon. Ethereum is currently the top contender but if not that then next year something else will probably rise up.
I haven't been here long, but from my research, I don't see bitcoin being replaced because of how long it took to get to this point. There might be other alt coins that reach the same price. And maybe in time they will have as many transaction as bitcoin. But bitcoin is the oldest and I think people will always respect that.
It is the mst poular and used digital currency of the world, if you say digital currency, one word will come up in your mind, Bitcoin. Ethereum has a good future before it, it will be the first altcoin that will follow the footstep of bitcoin to it's fame and price. But it will never replace bitcoin, never even a lot of years will pass. Bitcoin will stay bitcoin.
It is very possible that bitcoin could be replaced by another crypto currency but I don't think any of those rising altcoins right now can replace it specially ethereum. We all know that there are many ICO's which are ethereum based tokens now that are successful, and that is what's driving ethereum price up is the funds they raise ethereum tokens during the ICO. Ethereum price right now is driven by speculation and greed, so I think it won't replace bitcoin.
Well, that's the purpose of altcoins right? They are made to be better and much efficient and reliable than bitcoin. We all experienced these high fees (the fees depend whether if the security of the wallet is credible) but the slow process is really irritating. I remember waiting for about to weeks specially in small transactions. If bitcoin can't fix these problem and be stock on its inefficiency in system of bridging bitcoin to fiat and other altcoins then maybe we can consider other alts. In the meantime Im still holding to BTC.
Well bitcoin is made open source just for that reason, for easier development and with the possible segwit adoption in august, transactions confirmation time and fees are going to be fixed. Tho bitcoin could be replaced with some other crypto currency but that would be in some specific areas and not completely replaced all together everywhere.
Jump to: