Topic: Is there a chance that ALTCOIN will Replace Bitcoin In Future? (Read 441 times)
If they will not solve the problem of bitcoin which is the slow transaction speed and the high transaction fees, then in a decade or two it can be replace by another altcoin. However, this is just a pure speculation only since we know already that bitcoin is the first digital currency and its the most trusted coin. For me, there is a slight chance that it will be replaced if the said problems will not be solved as soon as possible.
January 27, 2018, 07:36:48 AM
It seems rising fees of Bitcoin BTC has causing people to leave it and attain other currencies.Probably the biggest challenge that bitcoin faces today is scalability. Currently, bitcoin users are being charged an average of over $30 per transaction and transactions can take several hours to confirm. So its a big disadvantage here for bitcoin
As far i think bitcoin will loose its value
As far i think bitcoin will loose its value
Yes, i agree with you that rising fees of bitcoin causing people to leave it and the scalability issues of bitcoin had made to think on upgrading the bitcoin by the bitcoin developers and we can expect that bitcoin will soon be upgraded because of this issues. So after the updated version of bitcoin released in coming years, we will be seeing all the issues fixed like big time taken for completing the transaction will soon be reduced and also the other issues like scalability, high fees will soon disappear in coming years, as I believe that bitcoin will be developed as necessity is the mother off invention and right now the necessity to make this high fees disappear is required .
January 27, 2018, 05:54:22 AM
Its true that BTC is like the gold standard and has first mover advantage over all the other Alt Coins, however i am still a strong believer that oneday there will be a coin that will surpass Bitcoin in market cap.
Whether or not that will be a "replacement" of Bitcoin is unlikely because Bitcoin will continue to be the highest valued cryptocurrency out there due to its nature.
I hope that answers the question
Whether or not that will be a "replacement" of Bitcoin is unlikely because Bitcoin will continue to be the highest valued cryptocurrency out there due to its nature.
I hope that answers the question
January 27, 2018, 05:50:12 AM
Of course not, Bitcoin opens the path as altcoin grows. and continue to increase the base on demand, but Altcoin claims that they are better than bitcoins, Bitcoin is definitely a protocol for sending value on the internet, and meets all the requirements to become a bona fide protocol ...
Why no? I think in the next 20 years we will see a new coin built on more advanced technology, which will eventually shift the bitcoin from the first place. Bitcoin is far from perfect. January 27, 2018, 05:38:13 AM
Of course not, Bitcoin opens the path as altcoin grows. and continue to increase the base on demand, but Altcoin claims that they are better than bitcoins, Bitcoin is definitely a protocol for sending value on the internet, and meets all the requirements to become a bona fide protocol ...
January 25, 2018, 02:47:22 PM
It seems rising fees of Bitcoin BTC has causing people to leave it and attain other currencies.Probably the biggest challenge that bitcoin faces today is scalability. Currently, bitcoin users are being charged an average of over $30 per transaction and transactions can take several hours to confirm. So its a big disadvantage here for bitcoin
As far i think bitcoin will loose its value
As far i think bitcoin will loose its value
I do foresee a future where Alts do takeover.
BTC is far too clunky for commerce use. The technology can be used in other dapp formats though.
I just constantly refer back to the beginning of the computer age. DOS is just like bitcoin, and windows and mac are the Alts.
January 25, 2018, 02:41:47 PM
I think bitcoin is too valuable to be replaced one day. I personally don't think this could happen
January 25, 2018, 02:39:45 PM
Yes that sounds interesting. Having bitcoin as investment (like gold) whereas other altcoins may become adopted due to better technology, easier, faster and truly anonymous.
January 25, 2018, 02:26:41 PM
In principle, I agree with you, bitcoin is inferior in many respects to new crypto-currencies. Almost all bitcoin is mined, which makes you wonder, and what will happen next? There are two opinions, one of which is that bitcoin will lose its value, and the second that it will be like a new "gold", so we'll see what happens to it.
January 25, 2018, 02:21:00 PM
It seems rising fees of Bitcoin BTC has causing people to leave it and attain other currencies.Probably the biggest challenge that bitcoin faces today is scalability. Currently, bitcoin users are being charged an average of over $30 per transaction and transactions can take several hours to confirm. So its a big disadvantage here for bitcoin
As far i think bitcoin will loose its value
We wouldnt know but could also possibly be. But i think, as the currency (could be bitcoin or altcoin) increase in value and popularity as well as demand and transactions, the tendency for the transaction fees to increase is also posible. So if one of the potential altcoin is going to surge high and excede bitcoin’s demand it will eventually raise in transaction fees. As far i think bitcoin will loose its value
January 25, 2018, 02:17:59 PM
Bitcoin fees have become high and an altcoin can solve the problem but I don't think it can replace Bitcoin.
January 25, 2018, 02:15:39 PM
I think that in a not so distant future another coin will release bitcoin as payment coin.
Right now I have already recognized that shops don't accept bitcoin as a payment anymore who already did.
Mostly because of the high fees.
A gap in the system of cryptocurrencies is opening up, and we need a coin to fill that gap.
Right now I have already recognized that shops don't accept bitcoin as a payment anymore who already did.
Mostly because of the high fees.
A gap in the system of cryptocurrencies is opening up, and we need a coin to fill that gap.
January 25, 2018, 02:12:19 PM
In terms of value, I think an alt could someday be more than bitcoin in price. But the chance(s) of any Altcoin taking over bitcoin in the future, is kind of slim, reason being that, bitcoin is the first known cryptocurrency, others are just referred to as Alternative.
January 25, 2018, 02:00:18 PM
Transactions have truly become very expensive, unfortunately, because of this it can easily lose its clients. But I think that so far it's not gonna lose its value so much.
January 24, 2018, 03:16:20 AM
No one can replace Bitcoin from any altcoin from now even though its price drops until now. It maybe said that these are who have been exposed to high transaction fees happening today. Until many holders or investors in Bitcoin no one from the atcoins can replace it.
I agree, I don't think a certain altcoin would replace bitcoin in the future. Although the issue's exist like the transaction fees that are being expensive, yet no altcoin could beat the bitcoin existence. There are many users in bitcoin and it's appearance is still stronger. 
January 24, 2018, 03:01:32 AM
Most altcoins are technically different from Bitcoin, and it is often for this reason that people invest in them. Altcoins can be used more widely than Bitcoin. This means that they are more useful than Bitcoin, and that means they will be able to surpass it one day.
The main advantages of Bitcoin are the network benefit effect and proven security. Both of these advantages are almost insurmountable. Therefore it is difficult to overtake Bitcoin.
The main advantages of Bitcoin are the network benefit effect and proven security. Both of these advantages are almost insurmountable. Therefore it is difficult to overtake Bitcoin.
January 24, 2018, 03:00:05 AM
There are new technologies, that will have their niche. Each crypto does a different thing, but Bitcoin is the most tested, the longest, and everything in crypto goes through Bitcoin. If there is one to replace Bitcoin I think it is Ethereum long term, but there are many contenders. Also Ethereum is a different thing actually.
January 24, 2018, 02:52:47 AM
No one can replace Bitcoin from any altcoin from now even though its price drops until now. It maybe said that these are who have been exposed to high transaction fees happening today. Until many holders or investors in Bitcoin no one from the atcoins can replace it.
January 24, 2018, 02:47:45 AM
Today I cannot see potential of any coin which will gave it chance to replace bitcoin. There are some good coins, with good future I think, but more likely they will not be able to replace bitcoin.
January 24, 2018, 02:43:52 AM
Yeah,it is possible to replace bitcoin with an altcoin if that altcoin have great demand like bitcoin have.For example google is the current best search engine but before that yahoo so who is best then they will be at the top no matter of the year when it eas launched.
But still bitcoin is the best coin in terms of its value but bitcoin price keeps crashing due to the high transaction fee.But still no coin is yet ready to beat bitcoin even they have low fee at the moment because other coin also will face the same issue if they have great demand as bitcoin do.
But still bitcoin is the best coin in terms of its value but bitcoin price keeps crashing due to the high transaction fee.But still no coin is yet ready to beat bitcoin even they have low fee at the moment because other coin also will face the same issue if they have great demand as bitcoin do.
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