Topic: Is there a chance that ALTCOIN will Replace Bitcoin In Future? - page 2. (Read 441 times)
January 24, 2018, 02:38:42 AM
No, this is not going to happen unless we have some new coin with another revolutionary concept.
January 24, 2018, 02:37:45 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
In terms of USD value I dont see any alts that can possible dethrone bitcoin. However in terms of technology and mass adoption there is a possibility that there would be and alt coin that could over take bitcoin. Some alts(would not name drop to avoid bias) are starting to fix and develop some of the issues from btc. Net, these are the ones who would be more adapted in the open market and not just in trading.As far i think bitcoin will loose its value
January 13, 2018, 07:36:02 AM
None of the decentralized alts are scaling better than BTC though. For the most part their fees are still low because they process only a fraction of the transactions that BTC does.
I agree that whatever coin manages to solve scalability will likely become the dominant one. This could very well be an alt at one point, but none of the current ones is quite there yet.
I agree for now, but maybe in the future there will be an altcoin work just like bitcoin but with cheaper fee and faster transactionI agree that whatever coin manages to solve scalability will likely become the dominant one. This could very well be an alt at one point, but none of the current ones is quite there yet.
Like I said... the dominant coin could very well be an alt at one point, but the current ones are not quite there yet in terms of scalability.
I think BTC will see the most work being done, which will put it ahead of the crowd for years to come. I do expect to see the existing alts to improve as well though, so who knows
Alt-coin like ETH, DASH, LTC, ZEC, XMR and others will be seen a companions to Bitcoin, not competitors.
Each serves it's own special purpose.
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Each serves it's own special purpose.
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Excellent point of view. It's important to keep in mind that the endgame is the prosperity of crypto as a whole is, with BTC just being part of a bigger picture.
January 13, 2018, 07:27:02 AM
None of the decentralized alts are scaling better than BTC though. For the most part their fees are still low because they process only a fraction of the transactions that BTC does.
I agree that whatever coin manages to solve scalability will likely become the dominant one. This could very well be an alt at one point, but none of the current ones is quite there yet.
Yes I agree with you, no coins is following the path of bitcoin right now. Maybe one day we can see new coins that has the potential to beat bitcoin but right now I can't see it coming just yet. I agree that whatever coin manages to solve scalability will likely become the dominant one. This could very well be an alt at one point, but none of the current ones is quite there yet.
January 13, 2018, 07:26:38 AM
not the current existing altcoins, no. but it is possible for bitcoin to be replaced by another alternative cryptocurrency that can improve the functionality without losing any of the advantages that bitcoin has. for example it should be able to address the scaling issue while keep things easier to be decentralized.
sometimes they look like they have fixed it though. but when you check them out you can see that they are either not solving anything or if they did they only improved upon it while losing a lot in the process for example making things centralized instead.
sometimes they look like they have fixed it though. but when you check them out you can see that they are either not solving anything or if they did they only improved upon it while losing a lot in the process for example making things centralized instead.
January 13, 2018, 07:25:08 AM
They would first need to decouple from btc - otherwise a fall of btc value would also impact their value
ETH seems like is trying to do that but i'm not sure it will succeed
ETH seems like is trying to do that but i'm not sure it will succeed
January 13, 2018, 07:17:04 AM
There are possibilities that other coins may take over bitcoin but that would be in the many years to come, Bitcoin might have some issue in resistance but this doesn't mean that it will surely be drop and other coins may take over, And even though many people are now into Altcoins this doesn't mean that that same investors doesn't have hodling any bitcoin like myself I got 75% with bitcoin 15% with fiat 5% in Ethereum and a 5% with Electroneum but that number is changing because Cryptos can be unpredictable in price.
January 13, 2018, 07:08:25 AM
Not probably, no. Bitcoin is THE coin that started all of this, so it will definitely be the most important coin for the foreseeable future. Altcoins are more specialized and they all have their niche purposes, but I think it won't be possible for altcoins to replace bitcoin.
January 13, 2018, 06:55:17 AM
Alt-coin like ETH, DASH, LTC, ZEC, XMR and others will be seen a companions to Bitcoin, not competitors.
Each serves it's own special purpose.
BTC is the gold standard as a highly secure store of value.
Bear in mind we are witnessing a birth of something quite new.
We are where the Internet was back in 1993-94 as far as crypto goes.
Only this time the evolution is going to happen so much faster as the world is already mostly connected with super computer capable hand-held devices and widely available Internet.
Each serves it's own special purpose.
BTC is the gold standard as a highly secure store of value.
Bear in mind we are witnessing a birth of something quite new.
We are where the Internet was back in 1993-94 as far as crypto goes.
Only this time the evolution is going to happen so much faster as the world is already mostly connected with super computer capable hand-held devices and widely available Internet.
January 13, 2018, 06:49:03 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
Altcoin to replace bitcoin is hard to be true because people have been invested money in bitcoin definitely dont wanna cashing their money to get altcoin. As far i think bitcoin will loose its value
January 13, 2018, 06:48:17 AM
None of the decentralized alts are scaling better than BTC though. For the most part their fees are still low because they process only a fraction of the transactions that BTC does.
I agree that whatever coin manages to solve scalability will likely become the dominant one. This could very well be an alt at one point, but none of the current ones is quite there yet.
I agree for now, but maybe in the future there will be an altcoin work just like bitcoin but with cheaper fee and faster transactionI agree that whatever coin manages to solve scalability will likely become the dominant one. This could very well be an alt at one point, but none of the current ones is quite there yet.
We don't know yet, But I am still confident that bitcoin will remain on top in the coming years. Altcoins are fine for me because you can also make good money from them but hey bitcoin are still powerful, the price right now are quiet stable but it doesn't mean it will not go up, it will soar higher soon and the fees will become lower. Bitcoin gets better and better every year, expect more of it this year.
January 13, 2018, 06:42:50 AM
Maybe in a real far future. For the upcoming years Bitcoin will have the benefit of being the first coin people heard about and in the case of many people its still the only coin they know. Even though an altcoin could be better it can not compete with the popular name of Bitcoin
January 13, 2018, 06:36:14 AM
Why replace someone if bitcoin and altcoins are the components of the crypto currency market and have their own value. Of course, you do not need to underestimate the value of some altcoyins.
January 13, 2018, 06:35:37 AM
There is a possibility that a certain alt coin will replace bitcoin in the future if bitcoin is already gone. If we will look at the graph today, it seems so impossible for an alt coin to surpass or even match bitcoin's achievement. Bitcoin is the king of cryptoworld so i don't think that there is a coin that can replace it as long as bitcoin exists in the cryptoworld.
January 13, 2018, 06:33:23 AM
for the moment I think no one can compete with bitcoin one by one means its price or its popularity, the reason is:
1. bitcoin is another ancestor of coins or bitcoin is the origin of the birth of another coin.
2. bitcoin has spread all over the world to sudan though
3. bitcoin will be the benchmark of other coin prices such as dollars with other countries currencies
4. and other coin newly developed in some countries not like bitcoin.
I think that's the reason why bitcoin can not be replaced by another coin.
Even though Bitcoin is pretty popular, other cryptocurrencies are also gaining on them as well, the likes of Bitcoin Cash a spawn of of Bitcoin itself seems to be doing very well. Mainly because of it's cheap fees and faster transaction. And it's value is steadily rising as well. 1. bitcoin is another ancestor of coins or bitcoin is the origin of the birth of another coin.
2. bitcoin has spread all over the world to sudan though
3. bitcoin will be the benchmark of other coin prices such as dollars with other countries currencies
4. and other coin newly developed in some countries not like bitcoin.
I think that's the reason why bitcoin can not be replaced by another coin.
January 13, 2018, 06:31:28 AM
There is always this possibility in the future. Bitcoin is a popular alts currency but this popularity can be put in an end if other alts has the power to do it. In good marketing and many supporters, bitcoin would be put in the grave danger in losing its number one spot. But i have the feeling that it will happen in very far future. Many people still believe in the capacity of bitcoin as the king of all alts. No one still can verify that possibilities.
January 13, 2018, 06:26:45 AM
there is an ugly truth hidden in all of the altcoins that i have checked out so far. and that is same or worse scaling problems.
this ugly truth doesn't come out until they hit more adoption and become used more. currently as you said people are switching over to altcoins mostly as investments but also that will increase the number of transactions they support and that means the issues will surface soon. some of them have already failed to handle this transaction surge.
also the keyword here is "decentralized" otherwise use PayPal and ...
this ugly truth doesn't come out until they hit more adoption and become used more. currently as you said people are switching over to altcoins mostly as investments but also that will increase the number of transactions they support and that means the issues will surface soon. some of them have already failed to handle this transaction surge.
also the keyword here is "decentralized" otherwise use PayPal and ...
January 13, 2018, 06:25:11 AM
yes i think many ALTCOIN are very powerful and they have more good project too.
for the moment I think no one can compete with bitcoin one by one means its price or its popularity, the reason is:
1. bitcoin is another ancestor of coins or bitcoin is the origin of the birth of another coin.
2. bitcoin has spread all over the world to sudan though
3. bitcoin will be the benchmark of other coin prices such as dollars with other countries currencies
4. and other coin newly developed in some countries not like bitcoin.
I think that's the reason why bitcoin can not be replaced by another coin.
1. bitcoin is another ancestor of coins or bitcoin is the origin of the birth of another coin.
2. bitcoin has spread all over the world to sudan though
3. bitcoin will be the benchmark of other coin prices such as dollars with other countries currencies
4. and other coin newly developed in some countries not like bitcoin.
I think that's the reason why bitcoin can not be replaced by another coin.
Bitcoin will always have the first mover advantage with the biggest brand name & biggest trust due to how long it has been in existence compared to all the alts. For this reason, I don't see Bitcoin dominance coming under serious threat just yet. However, any coin the solves the scalability issue first has a big chance to replace Bitcoin in the future, time will tell.
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