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Quote from: Thirsty_$$ on June 07, 2024, 12:48:00 AM

Hi everyone,
I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.

But Bitcoin is taking hold worldwide, a must-see if you can afford it. In this short period of time almost every country has use of Bitcoin, openly or covertly using Bitcoin. But Bitcoin is illegal in the country where I live, yet we have been using it secretly. But other cryptocurrencies are unlikely to have any potential similarities with Bitcoin, because as far as I know Bitcoin itself is a standalone and digital currency.

oktana

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Quote from: shinratensei_ on June 21, 2024, 01:08:41 AM

Quote from: oktana on June 15, 2024, 05:33:35 PM

Of course I’d affirm that this is very possible. It is possible because everything that has even been made by man was an idea at first. Bitcoin was just an idea and people haven’t stopped imagining. So tomorrow anyone can come up with something similar yet better than Bitcoin. But Bitcoin’s height in use case isn’t a cheap one to achieve.

Considering most institutional investors which has hundred millions of dollars or even billions in their hand still allocate big chunk of that to bitcoin, I think none can surpass the market cap of bitcoin.

I think you’re failing to understand that Bitcoin is an idea that was brought to life, before it existed, no one would believe it too. They thought what was available was the best and most powerful because probably, investors also put a lot of money into whatever it was. But we’re in a world of endless innovations. Just like Bitcoin came and stole the show, anything can do the same. The world is evolving, the ideas and technology gets better.

shinratensei_

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Quote from: Thirsty_$$ on June 07, 2024, 12:48:00 AM

Hi everyone,
I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.

Probably won't happen and the possibility is really low, there has been many new coin introduced with amazing feature such as really high TPS suited for scaling and cheap transaction but none of them ever come close to bitcoin, even ETH with we all know massive ecosystem amounts to billions of dollars still have quite the gap if compared to bitcoin like by huge margin. so what is there a factor that could make a coin so special it could repeat the success of bitcoin? I think its still an unanswered question.

The thing that might come close to answering that question is probably the fact that people thinks of bitcoin as the gold of crypto and that kind of mindset will stay the same until decades later on which causes people to allocate most of their investment to bitcoin and the little leftover share of investment to altcoins basically eliminating chance for other altcoin to rise as high as bitcoin and will let bitcoin dominates for another decades which honestly a good thing in my opinion.

Quote from: oktana on June 15, 2024, 05:33:35 PM

Of course I’d affirm that this is very possible. It is possible because everything that has even been made by man was an idea at first. Bitcoin was just an idea and people haven’t stopped imagining. So tomorrow anyone can come up with something similar yet better than Bitcoin. But Bitcoin’s height in use case isn’t a cheap one to achieve.

Considering most institutional investors which has hundred millions of dollars or even billions in their hand still allocate big chunk of that to bitcoin, I think none can surpass the market cap of bitcoin.

fauzan Ichsan

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If you imitate and become strong like Bitcoin, there are some, but if you surpass Bitcoin, I think it is very difficult. Bitcoin seems to be an icon of cryptocurrency, and of course what happens to Bitcoin will affect other altcoins, so it is difficult for altcoins to surpass Bitcoin, even though no matter how hard they try, Bitcoin still influences the cryptocurrency world.

colinistheman

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Quote from: Silberman on June 16, 2024, 02:58:30 PM

I doubt it, now by this I do not mean there will never be a new technology that could surpass bitcoin, after all bitcoin itself was created when no one expected for such a development to happen, so this could happen again, what I mean by this is that in the case it happened, such a coin will not be a cryptocurrency but something else, basically it will have to be a new technology based on different principles than the ones bitcoin uses, if this is not the case then the bitcoin developers will just implement those advanced features on bitcoin and we could forget about that coin ever replacing bitcoin.

The bitcoin was the strongest coin in the cryptocurrency market,at the beginning stage of the cryptocurrency.Even any people are not ready to buy bitcoin with few dollars.Bitcoin also struggle to reach the bitcoin to stable in the market and created their own demand in the market and gained huge support because of the decentralised behaviour of the bitcoin.Even the Ethereum was the centralised cryptocurrency but not reached the value of 10k in this much year.Many trader will not inverse in the new cryptocurrency and choose the bitcoin and Ethereum.

Silberman

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Quote from: Thirsty_$$ on June 07, 2024, 12:48:00 AM

Hi everyone,
I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.

I doubt it, now by this I do not mean there will never be a new technology that could surpass bitcoin, after all bitcoin itself was created when no one expected for such a development to happen, so this could happen again, what I mean by this is that in the case it happened, such a coin will not be a cryptocurrency but something else, basically it will have to be a new technology based on different principles than the ones bitcoin uses, if this is not the case then the bitcoin developers will just implement those advanced features on bitcoin and we could forget about that coin ever replacing bitcoin.

God bless u

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Quote from: TastyChillySauce00 on June 15, 2024, 07:01:58 PM

Quote from: Thirsty_$$ on June 07, 2024, 12:48:00 AM

Hi everyone,
I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.

There is no chance for any crypto replicate bitcoin. Bitcoin is a digital gold and look at the marketcap. Even ethereum can't replace bitcoin. There is no cryptocurreny that can replace bitcoin. All of crypto prices are also pegged to the bitcoin. Any pump and dump happened to the bitcoin would be impacting whole of crypto in the market.

The point is bitcoin being created by satoshi nakamoto as a financial solution over the centralized financial that is always being dictated by the government. There is no chance for other crypto to replace bitcoin at this moment.

Ethereum has ever replaced bitcoin once time but bitcoin was taking back its position again. Bitcoin is a digital gold now. No token/coin in the market has same potential as bitcoin.

Bitcoin has the strongest influence to the crypto market as well.

Yeah that's the biggest connection that make all of us around tragic and shocked.Not even a single coin is seperated from this list. When Bitcoin moves up and down then the altcoins also are effected in positive or negative way.

Even though the big altcoins are not being able to maintain their own existence. They have to sort it out if they want to compete the Bitcoin.

TastyChillySauce00

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Quote from: Thirsty_$$ on June 07, 2024, 12:48:00 AM

Hi everyone,
I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.

There is no chance for any crypto replicate bitcoin. Bitcoin is a digital gold and look at the marketcap. Even ethereum can't replace bitcoin. There is no cryptocurreny that can replace bitcoin. All of crypto prices are also pegged to the bitcoin. Any pump and dump happened to the bitcoin would be impacting whole of crypto in the market.

The point is bitcoin being created by satoshi nakamoto as a financial solution over the centralized financial that is always being dictated by the government. There is no chance for other crypto to replace bitcoin at this moment.

Ethereum has ever replaced bitcoin once time but bitcoin was taking back its position again. Bitcoin is a digital gold now. No token/coin in the market has same potential as bitcoin.

Bitcoin has the strongest influence to the crypto market as well.

Ludmilla_rose1995

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Quote from: Thirsty_$$ on June 07, 2024, 12:48:00 AM

Hi everyone,
I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.

There is only one bitcoin in this world and no one will be able to match or duplicate the fate of bitcoin

altcoins are only created for profit, they cannot compete with bitcoin, imagine how many thousands of altcoins there are on the market, they are all created for business purposes only, while bitcoin was created to improve the world's financial system. regarding what altcoins have potential (but won't be able to replace bitcoin), I still recommend eth, bnb and sol

oktana

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Of course I’d affirm that this is very possible. It is possible because everything that has even been made by man was an idea at first. Bitcoin was just an idea and people haven’t stopped imagining. So tomorrow anyone can come up with something similar yet better than Bitcoin. But Bitcoin’s height in use case isn’t a cheap one to achieve.

bastian466

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The possibility is very remote, it won't even exist because Bitcoin can get this great, it's not easy to match it, it definitely takes time and hard work. Bitcoin is a king whose achievements are not easily imitated or surpassed and if anyone says there will be another coin that can surpass it, it’s just nonsense, they just want your money

Dunamisx

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Another reminder to sound as warning on us all is to always be on a look for crypto projects that are promising high yield for rewards within a short period of time, this will be the first thing we need to consider because a new project will never want to give out without having targets on what they are also receiving through such means, we should not fall for any of these for them to use and scam us while trying to get a reliable offer.

bitterguy28

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Quote from: Halime Anatolia on June 08, 2024, 12:56:54 AM

Quote from: Bureau on June 07, 2024, 11:39:47 PM

The problem with other crypto is to sustain their position. Bitcoin has been on the top for about 15 years now. In the past a few altcoins did surpass the price but they could not hold it for quite long. Bitcoin has been in the number one position and after the ETF approval it is now impossible for altcoins to challenge its position.

The other side is that we are also required to be able to hold it for a long period of time, this is where the benefits are certain to be obtained. If we trade BTC, short-term patterns for results do exist, but the risks that occur in the market will be very beyond our predictions.

correct , bitcoin is designed for longer holding and that is what I have proven for many years of my existence here.

Quote from: Thirsty_$$ on June 07, 2024, 12:48:00 AM

Hi everyone,
I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.

actually even the first reply in this thread confirmed that there are many coins that tried to copy Bitcoin in any way but none of them succeed because the appeal of bitcoin and the trust of the people will stay in its chain.
for other altcoins better to focus in their own or else be a failure like what those past copied resulted .

tomos81

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Quote from: Thirsty_$$ on June 07, 2024, 12:48:00 AM

Hi everyone,
I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.

Bitcoin has a very good position at the moment, and no other altcoin will enter the market to surpass it. Because Bitcoin is the top local coin of today, this Bitcoin space is all over the world. So you see every country has Bitcoin use secretly and openly. But the use of Altcoins is not applicable in all countries, in that case I don't think it is possible that any other coin will surpass Bitcoin.

lixer

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Quote from: jacafbiz on June 07, 2024, 01:40:57 PM

Quote from: Thirsty_$$ on June 07, 2024, 12:48:00 AM

I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.

It is possible but the chance of it happening now is difficult because of greediness on the part of developers and VC's. People forget to consider a lot of factors work in favour of Bitcoin, the economy downturn in the world then, Satoshi not dumping his coin being one of the richest Man in the world currently, the way it was distributed and mined, the libertinarian spirit in people then all these contrast what we have now. Greed is the only thing that is preventing us from having another coin as successful as Bitcoin.

What is only possible is the replication of features of BTC. I already saw coins before who also have a 21 million supply limit, decentralized, and highly volatile. The only thing that they can't replicate is the achievements of BTC. I don't think Satoshi is the richest man in the world but I think it was Jeff or Elon. The more Satoshi is not the richest man in the world is if BTC's value fell down. It's fine for him though.

The man is not concerned of money or wealth but he already did his part of helping the man kind against the greedy banks and governments. Just let those Devs to be greedy. BTC is enough anyway. We don't need another one and that is going to be sad for us to see, that our idol for a long time have been finally dethroned Cry

.

Essential10

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Quote from: Thirsty_$$ on June 07, 2024, 12:48:00 AM

Hi everyone,
I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.

No, not now, in the near future it will be just a fantasy to compare Bitcoin with other coins. Bitcoin is currently overvalued, many coins based on Bitcoin's value are trying to get back to life and we have seen from the past that as Bitcoin's value rises, many other altcoins rise in value. The second highest value after Bitcoin is Ethereum, comparing these two coins here is like comparing ocean and river. Rivalry is only in name but in reality no coin has yet emerged to compete with Bitcoin.

God bless u

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Quote from: Bureau on June 07, 2024, 11:39:47 PM

The problem with other crypto is to sustain their position. Bitcoin has been on the top for about 15 years now. In the past a few altcoins did surpass the price but they could not hold it for quite long. Bitcoin has been in the number one position and after the ETF approval it is now impossible for altcoins to challenge its position.

Yeah I completely agree with you. It's easy to launch a project with the price close to Bitcoin but it's not easy to maintain the legacy like Bitcoin has maintained in the previous couple of decades. The investors have to regularly show the interest in project so that your market demand can increase day by day along with the investors.

It's almost impossible for any project to come to the place where Bitcoin is right now. Altcoins are greatly dependent on BTC performance and if something is dependent on another thing then it can't surpass it for sure.

batang_bitcoin

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Quote from: Thirsty_$$ on June 07, 2024, 12:48:00 AM

Hi everyone,
I am curious to know if there any possibility for any other crypto coin to replicate the feat of Bitcoin or even surpass it in the near future.

Replicate - yes.
Surpass - no.
It's been years since I have seen a lot of projects that have been telling they're going to be the next Bitcoin but, until now I have not seen any of them.
That's why, let's just give it up and give it to Bitcoin for the throne that it's got. It's not that bad to be the 3rd or 4th or so on good project in the cryptosphere.

Halime Anatolia

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Quote from: Bureau on June 07, 2024, 11:39:47 PM

The problem with other crypto is to sustain their position. Bitcoin has been on the top for about 15 years now. In the past a few altcoins did surpass the price but they could not hold it for quite long. Bitcoin has been in the number one position and after the ETF approval it is now impossible for altcoins to challenge its position.

The other side is that we are also required to be able to hold it for a long period of time, this is where the benefits are certain to be obtained. If we trade BTC, short-term patterns for results do exist, but the risks that occur in the market will be very beyond our predictions.

Today the market has been corrected again and the market is in red. If there are funds, maybe this is the right time to add to the contents of our wallet for BTC coins.

Bureau

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The problem with other crypto is to sustain their position. Bitcoin has been on the top for about 15 years now. In the past a few altcoins did surpass the price but they could not hold it for quite long. Bitcoin has been in the number one position and after the ETF approval it is now impossible for altcoins to challenge its position.

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