For me there is a slight or only small chance that another crypto would replace Bitcoin.
We couldn't ignore the fact that there might be another crypto to replace it soon who knows maybe it isn't out there yet?
Topic: What are the chances BTC is actually overtaken by another crypto? (Read 272 times)
The King always be the King no matter what altcoin they will gonna create. Some may wanted to overtaken this by producing some solutions with all the problems associated with bitcoin. But then we cant deny the fact that the first and original crypto coin will always be special. Not only when it comes to the most potential characteristics but the trusted an investor given to put their money in a reputable coin as bitcoin.
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Annoying, isn't it? OP seems to like to just get clicks to his blog/article and it is quite common actually.@OP If BTC was to be overtaken by another crypto, there should be already one that did for the past 12 years.
ETH vs BTC has been going quite a while since 2017, but the discussion about it doesn't seem to go anywhere.
These are clickbait articles without any substance to rely on. It's highly unlikely that bitcoin will be overtaken by any other currency at any point of time in future.
It is clickbait to let people read it, I think that's just the strategy with marketing but in the article itself it stated that Didn't click on the link. Didn't read the article either. Will just respond to your subject.
The initial line in his topic is part of the article anyway. It kinda looks like Cointelegraph's website or similar to that though. 
Didn't click on the link. Didn't read the article either. Will just respond to your subject.
Quite frankly, the chance is always there. Technological development is rolling and rolling fast. That includes fintech. However, being a work of a genius or a team of geniuses, Bitcoin is some kind of a future technology. It has not yet even fulfilled its primary objective because the circumstances of the present are not yet as advanced. There is, therefore, no reason for it to be replaced any time in the next several decades, much less by another cryptocurrency.
Quite frankly, the chance is always there. Technological development is rolling and rolling fast. That includes fintech. However, being a work of a genius or a team of geniuses, Bitcoin is some kind of a future technology. It has not yet even fulfilled its primary objective because the circumstances of the present are not yet as advanced. There is, therefore, no reason for it to be replaced any time in the next several decades, much less by another cryptocurrency.
Formerly some will say that the chances of this happening is next to zero. But at the moment, we can see that the possibility of it happening in the future is there. The real question is which crypto currency do you think will topple btc? Will it be Ethereum or the fast rising BNB?
To be honest, as of the moment. Only ETHEREUM got the SMALL chance for overtaken or flip Bitcoin.
Very small chance, we all know all the hype about Ethereum, the Decentralized Finance (Defi) or Non-Fungible-Token (NFT) things, smart contracts.
But if you take a look at the market cap of Bitcoin, it's still far, hasn't even reached 50% of the market cap of Bitcoin. For me, it is really impossible for any cryptocurrency that can flip Bitcoin.
Very small chance, we all know all the hype about Ethereum, the Decentralized Finance (Defi) or Non-Fungible-Token (NFT) things, smart contracts.
But if you take a look at the market cap of Bitcoin, it's still far, hasn't even reached 50% of the market cap of Bitcoin. For me, it is really impossible for any cryptocurrency that can flip Bitcoin.
I do not believe that a time will come when bitcoin will be overtaken by another cryptocurrencies. Considering the many factors that contributes to the success of bitcoin as the number one cryptocurrency, you'd realise that no other cryptocurrencies comes close.
If you'd talk in terms of price, bitcoin tops the list. The second cryptocurrency is Ethereum and it just surpassed the $4k mark unlike bitcoin that has a ATH of $63k.
Secondly, talking about adoption, bitcoin has gain widespread adoption more than any other cryptocurrency. This is partially due to the fact that it is the first cryptocurrency and partially due to the fact that quite a lot of top companies are adopting it.
Bitcoin may have shortcomings like expensive fees and transaction times, but at the moment, they way it is positioned in the market, would be hard to replace. The popularity alone is hard to topple with. But we are always open to the scenario that someday, a better one will come. But for the moment and the next coming years, I don't think another coin will replace bitcoin in its position.
When the famous Satoshi Nakamoto first designed his masterpiece, few could possibly have imagined the almost $63,500 peak that sent investors into a frenzy.
Read and Share your Opinion
https://cryptoplo.com/what-are-the-chances-btc-is-actually-overtaken-by-another-crypto/
Read and Share your Opinion
https://cryptoplo.com/what-are-the-chances-btc-is-actually-overtaken-by-another-crypto/
I do not believe that a time will come when bitcoin will be overtaken by another cryptocurrencies. Considering the many factors that contributes to the success of bitcoin as the number one cryptocurrency, you'd realise that no other cryptocurrencies comes close.
If you'd talk in terms of price, bitcoin tops the list. The second cryptocurrency is Ethereum and it just surpassed the $4k mark unlike bitcoin that has a ATH of $63k.
Secondly, talking about adoption, bitcoin has gain widespread adoption more than any other cryptocurrency. This is partially due to the fact that it is the first cryptocurrency and partially due to the fact that quite a lot of top companies are adopting it.
The reason BTC is unlikely to be overtaken by another crypto is.
Inflation protection and deflation algorithmically built into bitcoin's codebase are areas no one will challenge BTC.
Bitcoin will never have competition in those areas. Ethereum founder Vitalik Buterin openly considered shifting to limited supply rewards but ethereum's codebase is so flexible they could change it to be whatever they wanted whenever they wanted. Which would somewhat defeat the purpose.
Inflation protection and deflation algorithmically built into bitcoin's codebase are areas no one will challenge BTC.
Bitcoin will never have competition in those areas. Ethereum founder Vitalik Buterin openly considered shifting to limited supply rewards but ethereum's codebase is so flexible they could change it to be whatever they wanted whenever they wanted. Which would somewhat defeat the purpose.
Nothing is impossible in this world.
When the famous Satoshi Nakamoto first designed his masterpiece, few could possibly have imagined the almost $63,500 peak that sent investors into a frenzy.
Read and Share your Opinion
https://cryptoplo.com/what-are-the-chances-btc-is-actually-overtaken-by-another-crypto/
Read and Share your Opinion
https://cryptoplo.com/what-are-the-chances-btc-is-actually-overtaken-by-another-crypto/
Too worried about Bitcoin being taken away but it won't be easy. With the volume until now there is no confidence Bitcoin can be controlled to set the price later. I thought more about Bitcoin would have a higher price than it is today and could not have imagined anything else. so when the price drops you should take firm action.
legendary
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.If Dogecoin has been capable of taking the fourth spot of top cryptocurrencies, Ethereum might be capable of shortly overtaking Bitcoin's market cap this year.
Lets be honest, the buzz around Ethereum in a slowly dieing off and that attention is been shifted to bitcoin and other altcoins. We have blockchain that are superior to whatever Ethereum claims it's doing (no disrespect) but with time ethereum might not received much privileges as it currently does.
We have new energetic projects all doing what Ethereum does effortlessly with more productively. The gas fees is taking utilities and liquidity out of the Ethereum market. Everyday we're seeing project moving from Ethereum to other promising blockchain.
Isn't that enough reason to rethink your thoughts?.
Ethereum don't have what it takes to overtake bitcoin in terms of market capitalization, we have been hearing this over the years yet anytime Ethereum comes close, Bitcoin gives more reason to kill that dream of been the most valued project in terms of market capitalization. (..)
It seems like with more economical turmoil comes a much weirder cryptocurrency market however. Since 2021, the markets appear to be moving weirder than ever before and altcoins with absolutely zero utility make it to the top easily.With that being said, for me the possibility of Ethereum overtaking Bitcoin is definitely not out of the question for this year. We are in the middle of a suppressed inflation and the incoming crisis only deepens in time. If Dogecoin has been capable of taking the fourth spot of top cryptocurrencies, Ethereum might be capable of shortly overtaking Bitcoin's market cap this year.
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Regards,
PrivacyG
These are clickbait articles without any substance to rely on. It's highly unlikely that bitcoin will be overtaken by any other currency at any point of time in future. There will be currencies which will give a little competition to bitcoin but there's no question of overtaking it. In real world comparison, it sounds like South Korea overtaking the economy of US. That's not gonna happen.
Pioneers always win in majority of the cases (there are exceptions obviously). But the way bitcoin has reached the crypto users and the way companies are using it as an alternative to cash reserve, there's simply no turning back for bitcoin.
Exactly, there is no cryptocurrency that is ever going to be capable of overtaking bitcoin especially when it was created with such characteristics, if someone wants to create something that could displace bitcoin then they need to create something different that is just not a fork of bitcoin, a cryptocurrency is never going to cut it, it will have to be a different concept, however this is getting more unlikely by the day as each day that passes in which bitcoin not only survives but thrives makes it more difficult for any other concept to surpass it.Pioneers always win in majority of the cases (there are exceptions obviously). But the way bitcoin has reached the crypto users and the way companies are using it as an alternative to cash reserve, there's simply no turning back for bitcoin.
If we look at how the dominance was shrinking mainly because of ETH's performance I would tend to not say never ever. In the beginning I never even believed that its dominance might decline so much but now the whole situation looks differently.
There needs to be more development for Bitcoin as well. Especially development that makes it more user friendly in terms of speed/cost and privacy.
legendary
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eXch.cx - Automatic crypto Swap Exchange.
If any crypto will overtake bitcoin by market cap, then that coin will be ETH for sure, as we can see right now ETH has half of the Bitcoin market capitalization, and it has been growing fast in the past months. I don't feel it's ready to overtake the market but looks like it's on the way to do it.
Ethereum don't have what it takes to overtake bitcoin in terms of market capitalization, we have been hearing this over the years yet anytime Ethereum comes close, Bitcoin gives more reason to kill that dream of been the most valued project in terms of market capitalization.
If with all the Crowdfunding and DeFi hype, ethereum couldn't overtake bitcoin in term of market capitalization then I don't think Ethereum has other trick that could help make that possible.
Coins with more stability like stablecoin are those that I'll bet on because time will come when stablecoin will become a household name in the industry that everyone would want to use them.
If any crypto will overtake bitcoin by market cap, then that coin will be ETH for sure, as we can see right now ETH has half of the Bitcoin market capitalization, and it has been growing fast in the past months. I don't feel it's ready to overtake the market but looks like it's on the way to do it.
Almost all the altcoins have their market capitalization based in bitcoin, and this makes it hard for us to see the coins at the same value as bitcoin, but is important to remember some coins have done it in the past, at least for a short period of time. Let's remember when zcash comes to the markets, its first value was close to 3000BTC one zcash and whit time it had a market adjustment.
Almost all the altcoins have their market capitalization based in bitcoin, and this makes it hard for us to see the coins at the same value as bitcoin, but is important to remember some coins have done it in the past, at least for a short period of time. Let's remember when zcash comes to the markets, its first value was close to 3000BTC one zcash and whit time it had a market adjustment.
Though its time when anything becomes viral and specially memes. On crypto industry same. Thats why lots of memes coin made people Millionaire. Lots of shit project made some people Millionaire and made some million losser. And now crypto meme project becomes a trend like nft. So every crypto users are trying to take benifit from trend. Maybe this person wants too. But i think he don't want to take risk by investing such meme. Thats why he made an alternative way which is earn from adds. And use such a click bait so people visit his article and he can made some from adds.
Remember brother dad is always a dad and bitcoin is the father currency in crypto so non such kids take a fathers place. I hope you got it.
Remember brother dad is always a dad and bitcoin is the father currency in crypto so non such kids take a fathers place. I hope you got it.
Such a clickbait.
You want us to go to the article and get some traffic through us. But anyway if the context is all about bitcoin being overtaken by another crypto. This has been a topic for ages and even before those bull runs came.
I hope someday that there's only going to be the very few people who are thinking about this.
You want us to go to the article and get some traffic through us. But anyway if the context is all about bitcoin being overtaken by another crypto. This has been a topic for ages and even before those bull runs came.
I hope someday that there's only going to be the very few people who are thinking about this.
I would say 0% other Crypto / Altcoins are taking over Bitcoin.
If you compare the network used by Bitcoin to date no one has matched it, as long as you don't talk about prices, In terms of price, of course there is crypto that exceeds Bitcoin like YFI, of course there is a difference between network switching and the position of Bitcoin and other crypto prices.
There is no mutation yet, of course it doesn't happen, there are many reasons and factors, if it is explained it takes a page to discuss it.
If you compare the network used by Bitcoin to date no one has matched it, as long as you don't talk about prices, In terms of price, of course there is crypto that exceeds Bitcoin like YFI, of course there is a difference between network switching and the position of Bitcoin and other crypto prices.
There is no mutation yet, of course it doesn't happen, there are many reasons and factors, if it is explained it takes a page to discuss it.
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