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Topic: There is no doubt that bitcioin will be replaced by another cryptocurrency - page 8. (Read 902 times)

member
Activity: 266
Merit: 12
I doubt it, bitcoin got its position as the first and most paramount cryptocurrency because it is the first cryptocurrency ever developed. New and upcoming developers may create a alternative cryptocurrency that may solve more problem and will be popular but they never can take the place of bitcoin. Why Satoshi got his place is because is created the idea of cryptocurrency which nobody ever thought of the idea.
jr. member
Activity: 280
Merit: 3
The main thing for big cryptos is adoption and BTC is the most widely known and adopted currency. It will be extremely difficult to replace it in my opinion, despite there being superior coins
hero member
Activity: 2520
Merit: 568
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I had previously doubted that Bitcoin would be replaced by another currency. But my mind has changed. Because I see there are many other cryptocurrencies that the developers are trying hard to solve the problems in cryptocurrencies.  What about bitcoin? We don't know who are the developers and no effort is being made to develop it.
If you don't try hard, your rivals will win. Bitcoin's rivals will win too.
And what coin we are talking about here? It doesn't matter if those developers are working hard to solve problems. Would you mind to share your thought about the reason why you changed your mind?
This is more a script to me. I've heard many times someone keeps on telling that there is a coin that's better than bitcoin but where are those coins? Did it win? Did it overtake bitcoin?
sr. member
Activity: 546
Merit: 250
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I totally agree. Bitcoin will indeed be replaced. It will not be able to resist new and better technologies and their new solutions. Bitcoin will always remain as the beginning of a new era.
I do not see any spectacular coin that could replace bitcoin for now and if i see one i could accept that, but i do not see any with more than thousand coins and tokens in the market, there are developers working on improving bitcoin and they will see to what changes have to be made and this is an open source project, so basically anyone can participate in improving bitcoin, i do not see any coin replacing it in the near future.
newbie
Activity: 196
Merit: 0
I totally agree. Bitcoin will indeed be replaced. It will not be able to resist new and better technologies and their new solutions. Bitcoin will always remain as the beginning of a new era.
newbie
Activity: 91
Merit: 0
in fact no one can predict that bitcoin will not be invincible by other currencies. while this bitcoin looks too strong to be defeated. even though it happened but it took a long time.
full member
Activity: 294
Merit: 102
I had previously doubted that Bitcoin would be replaced by another currency. But my mind has changed. Because I see there are many other cryptocurrencies that the developers are trying hard to solve the problems in cryptocurrencies.  What about bitcoin? We don't know who are the developers and no effort is being made to develop it.
If you don't try hard, your rivals will win. Bitcoin's rivals will win too.


When bitcoin will no longer considered the most profitable investment (Which is the real reason for its high demand) It could end up being replaced by another currency, but while this possibility continues to exist, bitcoin will remain the main cryptocurrency.
member
Activity: 336
Merit: 10
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yeah that bit true when we are seeing about this conclusion and about the bitcoin itself was developed just by a volunter of people, i think if people are still willing to developed it bitcoin still survive at least there has still many cryptocurrency using it price by bitcoin as it standart
legendary
Activity: 2478
Merit: 1360
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I had previously doubted that Bitcoin would be replaced by another currency. But my mind has changed. Because I see there are many other cryptocurrencies that the developers are trying hard to solve the problems in cryptocurrencies.  What about bitcoin? We don't know who are the developers and no effort is being made to develop it.
If you don't try hard, your rivals will win. Bitcoin's rivals will win too.


First of all what are these problems? Lack of adoption? This will come by itself, we don't need devs to wok on advertising. BTC is so big that it advertises itself now.

Ask yourself why it is that they're working on improving their coins. Maybe they want to make money on this and gain popularity. They are competing for the position, BTC is not. It's flying far above the rest.
hero member
Activity: 2814
Merit: 911
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Exactly. ETH is much better technology wise than bitcoin, its fast, less fees and the devs are really active. But why it remains on the second spot? Its because people still prefer to use( invest) bitcoin despite all the scaling issues, high fees (although not the case today). Also LN is coming, everyone is claiming that's its going to be the solution for the current problem, so this might be another reason why people are still getting into the bitcoin market.
I would differ in this statement, ETH might be having a good technology when it comes to projects to allocate tokens and most of them are scams, this is not a revelation, because most of the users have fallen for these scam projects and the most important difference between bitcoin is that, it is a currency primarily and a store of value and you cannot even call ETH a currency. I have my reservation about the lightning network because nodes could be targeted and attacked  but it has to be seen when it is implemented and what measure will be taken to counter that.
hero member
Activity: 2744
Merit: 702
Dimon69
I had previously doubted that Bitcoin would be replaced by another currency. But my mind has changed. Because I see there are many other cryptocurrencies that the developers are trying hard to solve the problems in cryptocurrencies.  What about bitcoin? We don't know who are the developers and no effort is being made to develop it.
If you don't try hard, your rivals will win. Bitcoin's rivals will win too.

Too early to say that. They aren't even in the half of the price of btc and many have said the same thing in the past few years but still until now btc is on top. Those who only believe that it will happen are those altcoin believer or should I say eth fanboy.
True we see some currency it is cannot reach even the half of price of bitcoin this is where they have the confidence and no doubt for that bitcoin can be replace for other currency.
newbie
Activity: 112
Merit: 0
Future is uncertain. So it might happen in near future. But as the seniority, BTC and ETH have some extra value of their own position. So which one will replace these one, will have a great value and potentiality.
sr. member
Activity: 1666
Merit: 276
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Even though lots of new digital tokens were coming into usage with various features none has got the ability to outlaw the development of the bitcoin. In this regard however things get advanced, the higher will be the competence and this won't let bitcoin down.
full member
Activity: 658
Merit: 152
Bitcoin was first crypto currency and we know it is not perfect, but what is making it is so popular and expansive is crazy demand on this crypto. I also believe that one day the era of bitcoin will pass and it will be replaced by more modern and technological currency, but bitcoin is going to be on the top for many years more.
newbie
Activity: 100
Merit: 0
Bitcoin is likely to become an expensive coin in the future, and as long as the community is developing, there will be more and more unique features, and they will slowly replace the market share of bitcoin. This is affirmative.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
hero member
Activity: 2842
Merit: 772
I had previously doubted that Bitcoin would be replaced by another currency. But my mind has changed. Because I see there are many other cryptocurrencies that the developers are trying hard to solve the problems in cryptocurrencies.  What about bitcoin? We don't know who are the developers and no effort is being made to develop it.
If you don't try hard, your rivals will win. Bitcoin's rivals will win too.


But the problem with your logic is that there are already coins around that is better than bitcoins. However, we don't see it overtaking bitcoin, why? Because its been used as a store of value (SoV), meaning a lot of investors are pouring cash in the market right now to keep their money safe and of course make profits in return.

I had previously doubted that Bitcoin would be replaced by another currency. But my mind has changed. Because I see there are many other cryptocurrencies that the developers are trying hard to solve the problems in cryptocurrencies.  What about bitcoin? We don't know who are the developers and no effort is being made to develop it.
If you don't try hard, your rivals will win. Bitcoin's rivals will win too.


I think ETH has already replaced it as the most widely used payment option. I see most of the clients prefer paying in ETH now as it has less fees.

Exactly. ETH is much better technology wise than bitcoin, its fast, less fees and the devs are really active. But why it remains on the second spot? Its because people still prefer to use( invest) bitcoin despite all the scaling issues, high fees (although not the case today). Also LN is coming, everyone is claiming that's its going to be the solution for the current problem, so this might be another reason why people are still getting into the bitcoin market.
legendary
Activity: 2058
Merit: 1015
I had previously doubted that Bitcoin would be replaced by another currency. But my mind has changed. Because I see there are many other cryptocurrencies that the developers are trying hard to solve the problems in cryptocurrencies.  What about bitcoin? We don't know who are the developers and no effort is being made to develop it.
If you don't try hard, your rivals will win. Bitcoin's rivals will win too.

Too early to say that. They aren't even in the half of the price of btc and many have said the same thing in the past few years but still until now btc is on top. Those who only believe that it will happen are those altcoin believer or should I say eth fanboy.
member
Activity: 294
Merit: 17
Yes it is possible that bitcoin can be replaced by another crypto but I think it may happen for a very long time. Indeed there are many cryptocurrencies that are being developed but still you see that bitcoin prevails. Maybe it is not about development but about people who choose bitcoin more than any other cryptocurrency .
jr. member
Activity: 336
Merit: 1
yes of course there is no coin can replace or come near to bitcoin in any time future bitcoin is light years ahead of all altcoins in the market
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