Is it still possible to invent certain Altcoin that can be better than Bitcoin?

patz22

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Quote from: mr_random on January 24, 2020, 11:50:56 AM

New investors treat the investment as a dog race, they gamble over the fastest choice. As a responsible investor, making research and choosing the best altcoins will make the crypto ecosystem a better place without scammers. For the short term, a certain altcoin can beat the market performance of BTC but the survival games will show which coins will pass to the next round after the long-cold bear market.

I do agree that crypto industry would be good if there are no scammers but you have to accept the fact that every industry, there are a lot of greedy people who will take advantage to those new ones hence it is also better to have those cause it will give us broad knowledge and experience to be a better crypto holder.

deathcode

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Quote from: angrybirdy on January 24, 2020, 11:21:27 PM

Quote from: fortunecrypto on January 24, 2020, 11:04:29 PM

Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

I don't think there will be one, some of the altcoins that are ranking now is a clone of Bitcoin, the closest that a coin can get is Ethereum but the gap is too wide they are not even a threat to Bitcoin, all we have to do now is support Bitcoin and forget about new coins that shills are calling the next Bitcoin when it's really not.

But it is still possible, as we all know, cryptocurrency has a lot of room for improvement. Anything can happen and can be invented in the future. But for now, we can see it as impossible due to our current situation in the market. If bitcoin will improve more, I am sure that altcoins will also do.

hopefully, it can happen together between bitcoin and altcoin. I was afraid when bitcoin started the high pump and altcoin couldn't follow it. We've seen that happen last year. but it looks like this year the market looks better than last year.

LogitechMouse

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

Can you please elaborate it

.

In terms of transaction speed, there are so many altcoins already that has surpassed Bitcoin.
In terms of fees, there are many altcoins too that have lower fees compare to Bitcoin.
In terms of technology, probably there are some who has a better tech than Bitcoin.

There is only one thing that altcoins can't get easily but Bitcoin has it already. Trust. This is why Bitcoin is still on the top of the market. Many people trusted Bitcoin already that is why they are posting it and the fact that it is the first cryptocurrency to be created, it is being used by different exchanges, merchants etc.

In conclusion, any altcoin can surpass Bitcoin in different aspects but they can't beat the trust to Bitcoin.

jazmuzika217

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I think all is possible specially in what kind of technology thar we are have now. All we know that even the impossible thing can develop and built because of technology. But always remember that if altcoin will innovate, there is a big possibilities that bitcoin will do it first because all we know that bitcoin can be classifies as a pioneer coin here in crypto so it is not hard to innovate.

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

If you really mean to surpass Bitcoin as a whole then there is still a possibility to do it as we are living in an open source platform with a freedom to use whatever we like to create. As the technology will continue to modernize then I am sure time will come that it will happen.

But right now, Bitcoin is still the king and it will be difficult to replace it's current place as of now knowing that big whales are in favor of Bitcoin investment rather than in altcoins.

NathanJB

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Quote from: Bossfidelity on January 24, 2020, 11:08:54 PM

In my opinion, It's not possible to invent an altcoin that would be better than bitcoin in terms of value. Though, it's possible to invent an altcoin with a better technology which surpasses the bitcoin. There's always the possibility of doing things better and technology is always getting better.

That's it. That is what exactly I meant. The value of Bitcoin does not solely depend on its technology anymore. When it started, Bitcoin was only offering its technology to gain attention leading to support and finally leading to trust. But then various crypto projects have already improved on what was started by Bitcoin. But they cannot discredit Bitcoin being the less improved version because all of them are just mere improvements on the original, the beginning of everything.

angrybirdy

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Quote from: fortunecrypto on January 24, 2020, 11:04:29 PM

Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

I don't think there will be one, some of the altcoins that are ranking now is a clone of Bitcoin, the closest that a coin can get is Ethereum but the gap is too wide they are not even a threat to Bitcoin, all we have to do now is support Bitcoin and forget about new coins that shills are calling the next Bitcoin when it's really not.

But it is still possible, as we all know, cryptocurrency has a lot of room for improvement. Anything can happen and can be invented in the future. But for now, we can see it as impossible due to our current situation in the market. If bitcoin will improve more, I am sure that altcoins will also do.

Bossfidelity

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In my opinion, It's not possible to invent an altcoin that would be better than bitcoin in terms of value. Though, it's possible to invent an altcoin with a better technology which surpasses the bitcoin. There's always the possibility of doing things better and technology is always getting better.

fortunecrypto

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

I don't think there will be one, some of the altcoins that are ranking now is a clone of Bitcoin, the closest that a coin can get is Ethereum but the gap is too wide they are not even a threat to Bitcoin, all we have to do now is support Bitcoin and forget about new coins that shills are calling the next Bitcoin when it's really not.

Mianae

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It depends on the aspect of being better which you're looking at it from. If it is in terms of ROI yes many existing Altcoins are better than Bitcoin already but if it is in terms of acceptability and utility, no altcoin can surpass Bitcoin as it currently is. There are alternatives for a reason and an alternative cannot be better than an original.

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Quote from: jessyj48 on January 24, 2020, 09:42:12 AM

It's been a long journey for bitcoin from the beginning and it's been able to overcome so many hardship, dirty predictions, bad market days, etc it's on of the reasons bitcoin is the most trusted in crypto world till date, if any altcoin is going to be that capable well it's all good but won't be able to beat bitcoin

The technology that all these altcoins have although being really fancy still untested and probably unreliable while bitcoin is already tested by so many people. the fact that we found the issue regarding blockchain scaling for the masses is due to bitcoin being used by so many people while these alts that carries so many technology will just have 10 000 users running the blockchain at best except those top coins.

leatutz

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

What Bitcoin earn in 10 years that any coin can't easily earn in short time. If you think for popularity than it's not easily possible. By profits, every good fresh coin is better than Bitcoin. Altcoins pump is always good than Bitcoin or top coin.

Pinkris128

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

I really think that there will be a newly developed altcoin that can go beyond bitcoin, even it is the first cryptocurrency that was ever created that someone could create that is more better than bitcoin when it comes to fast transaction and security. Always expect the unexpected that bitcoin could be replaced by a altcoin that we will be more unique and valuable in the future.

xiboothrezi

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

For technological problems, it might be able to surpass, it has already happened, but until now there are no coins or tokens that can exceed the bitcoin market capacity as "trusted". Moreover, bitcoin is a pioneer, has more adoptions and has gone through many challenges over the past decade, not a short time to achieve that.

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

Yeah you can create another altcoin that is better than bitcoin. But better based on what factor? There are altcoins out there that has better confirmation time. Again, there are coins out there that have scalable block size causing faster confirmation time and speed.
There might one day be a such altcoin that might become better than bitcoin in such a way that it will be used for daily transaction as a regular currency. But this does not mean that it will replace bitcoin. People will still use bitcoin as a store of value.

DoublerHunter

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Quote from: nanswook89 on January 22, 2020, 09:01:15 PM

As the subject goes, can we expect the newly developed Altcoin that can go beyond Bitcoin?

^ Bitcoin is unique and there's nothing better than bitcoin. I have known a copy cut of bitcoin that now pumped so much because there are too many conspiracy theories that it is a hype project and there are several exchanges delisted this coin. The BSV and BCH, they all start the name of Bitcoin but they can't overpass bitcoin. There are a lot of inventions that similar to bitcoin technology but the fact they dont have real use of the ecosystem.

disconnectme

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The answer is Yes, but the question now is which coin would give the kind of returns BTC had last Decade. I don't know why people keep search for the next BTC when the real one is at your disposal. It is not late to buy BTC if the price is going to $100k in the nearest future

mobilestrike

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Quote from: AjithBtc on January 24, 2020, 09:50:11 AM

There are more altcoins in the market till date, but none have given hard competence to bitcoin. Successfully bitcoin have crossed its ten years, if some altcoins were to grow better than bitcoin now it could've happened. As things were getting advanced in the future there might be chances for better altcoins than bitcoin. Right now the chance for such an altcoin is really low.

In my journey in the crypto community I have heard about a number of coins in which people are saying that some features of them are better than bitcoin but we can see that are not adopted and loved by people like bitcoin as we know the base of bitcoin is much stronger. It is because many people and many businesses are now involved in the usage of bitcoin and they all support it. It is the support of these people and companies which have made it the best coin of all. Till now if none of the coin came better than bitcoin then we can think that none of the coin can come better than bitcoin.

Sassee

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Better in terms of speed and technology, YES, of course. It is possible and they are plenty of those out there. But bigger than BTC in terms of Market Capitalization is near to impossible. My opinion though.

Displacing Bitcoin from Number 1 is only possible if Governments of top countries develop and use fiat based cryptocurrencies.

mr_random

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Quote from: patz22 on January 24, 2020, 11:00:10 AM

There are many coins in the market that are already better than BTC, BUT WHY BITCOIN? Of course, it is the origin, maybe some are faster, convenient, and cheaper fees but nothing can bet the original, simple as that.

New investors treat the investment as a dog race, they gamble over the fastest choice. As a responsible investor, making research and choosing the best altcoins will make the crypto ecosystem a better place without scammers. For the short term, a certain altcoin can beat the market performance of BTC but the survival games will show which coins will pass to the next round after the long-cold bear market.

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