What are the chances BTC is replaced by something better soon? - page 11.

stayeduptolate

hero member

Activity: 980

Merit: 502

Quote from: Dr Bloggood on January 14, 2014, 06:51:35 AM

"Soon" would be in the next 1-3 years or so.

One of the biggest dangers for BTC is something more useful coming along and investors switching - a process which could happen extremely fast, once started.

So to all the tech savy people in here - what advantages could other cryptocurrencies bring that will give them a crucial edge over BTC, and how fast could something like that come along?

I still don’t think that there is as such competition of bitcoin and I strongly believe that bitcoin is superior of all crypto currencies and bitcoin has always proved this thing also, the market demand, the number of investors of bitcoin, the valuation and bitcoin and other statistics of bitcoin is very very high in comparison to all other crypto currencies but still if we closely look at the statistics then we can say that after bitcoin yes, etherum is the coin which the second most successful crypto currency.

bungsoh

full member

Activity: 237

Merit: 100

Quote from: PeRo on June 30, 2018, 06:21:21 AM

You guys should look at the date of the post, 4 years ago who even bumps these posts. Anyway, I like how they thought some altcoins could overpass Bitcoin. And they still make these kind of posts and we will again be laughing at them in 2020. This community just goes on in a circle, Bitcoin is dead, Bitcoin will be replaced etc.

Yes. 2014-2018. Many things happen. At least this kind of post can open the eyes of crypto enthusiasts that nothing is impossible in the world of cryptocurrency based on digital technology. Including Bitcoin, it is not impossible to be replaced by another crypto in the future.

if_so_klara_99

newbie

Activity: 80

Merit: 0

It is already starting to be replaced by etehreum.

Gotumoot

sr. member

Activity: 1372

Merit: 261

Quote from: Macai on July 02, 2018, 09:48:51 AM

Quote from: Dr Bloggood on January 14, 2014, 06:51:35 AM

"Soon" would be in the next 1-3 years or so.

One of the biggest dangers for BTC is something more useful coming along and investors switching - a process which could happen extremely fast, once started.

So to all the tech savy people in here - what advantages could other cryptocurrencies bring that will give them a crucial edge over BTC, and how fast could something like that come along?

Yes i believe something out there is better is being prepared for. It may be in the market of cryptocurrency already but not well known yet. As many cryptocurrency emerge, there’s always someone better that comes out and it may even be the best, but this is something we don’t know yet. In my opinion the volatility of bitcoin is something to be considered one of the difference with others.

Yes its possible that something better replace bitcoin, but not soon. As we can see, our technology is upgrading, so i believe that someone will create better crypto currency than bitcoin in the future. But i dont see that other crypto currency existed today can replace bitcoin, they will be popular like bitcoin, but they cant replace bitcoin. If someone created cryto currency that is not based on bitcoin, that might become the bitcoin competitor and might replace bitcoin.

Macai

full member

Activity: 420

Merit: 100

Quote from: Dr Bloggood on January 14, 2014, 06:51:35 AM

"Soon" would be in the next 1-3 years or so.

One of the biggest dangers for BTC is something more useful coming along and investors switching - a process which could happen extremely fast, once started.

So to all the tech savy people in here - what advantages could other cryptocurrencies bring that will give them a crucial edge over BTC, and how fast could something like that come along?

Yes i believe something out there is better is being prepared for. It may be in the market of cryptocurrency already but not well known yet. As many cryptocurrency emerge, there’s always someone better that comes out and it may even be the best, but this is something we don’t know yet. In my opinion the volatility of bitcoin is something to be considered one of the difference with others.

jessequick

member

Activity: 220

Merit: 10

In the short or medium term I find it virtually impossible for this change to occur. And I have serious doubts if this can happen in the long run. Bitcoin will have a long reign ahead.

yangdd

member

Activity: 144

Merit: 10

No one can say for sure, but I hope that bitcoin will still remain the leader among crypto-currencies. It never ceases to evolve and improve, and it gives me hope.

yoseph

sr. member

Activity: 868

Merit: 266

Quote from: anehh on June 30, 2018, 06:28:00 AM

I'm not sure there will be another cryptocurrency that can replace bitcoin, although it is possible that it could happen. But Bitcoin is too strong and public confidence in bitcoin is very high, besides the bitcoin price is still higher than the other cryptocurrency. So for the next few years I'm sure there is no cryptocurrency that can replace bitcoin, and if it turns out there can replace bitcoin and can give hope to get big advantage as given by bitcoin, then I will also support it by investing in it

Nothing is really impossible in this world that we live, There are some brands that some people thought would remain forever but that isn't the case anymore. The possibility that Bitcoin is going to be eventually replaced is possible in the near future.

Christian_k

newbie

Activity: 70

Merit: 0

it can be replaced with ETH or bitcoin cash. I know bitcoin is the number one currency and mother of all alt coins but we should not forget second and third coins which are Eth and bitcoin cash. Both currencies have the huge stamina and they're increasing more than bitcoin since BTC is losing its price I don't have any idea why it dumping but if you look at eth and bitcoin cash they're going up if the things happen of 1 year I can bitcoin not only replace but it can vanish.

jocker00

newbie

Activity: 224

Merit: 0

in the market there are so many currency exit today and surely in future there will be a lot of currency but it will take a lot more time to create a better currency then btc .it should provide all the good sides of btc and also something extra that people can or want to use this.yes it will be replaced with a better currency in 5 to 10 years not less.

runway

newbie

Activity: 77

Merit: 0

To be able to replace the bitcoin I think this is very hard because the current bitcoin value is too high. To do this, it takes at least 5 more years.

yourialfa

sr. member

Activity: 339

Merit: 250

I do not think that there will be replacing bitcoin any time soon. Bitcoin has been very strong and it's hard to replace it or beat it. So in the near future bitcoin will not be replaced. If you think that bitcoin will be replaced then the greatest chance is ethereum. Because ethereum has great potential also in cryptocurrency besides bitcoin. However I do not see that this will be replaced in the near future.

Gummybear67

full member

Activity: 188

Merit: 100

Quote from: Dr Bloggood on January 14, 2014, 06:51:35 AM

"Soon" would be in the next 1-3 years or so.

One of the biggest dangers for BTC is something more useful coming along and investors switching - a process which could happen extremely fast, once started.

So to all the tech savy people in here - what advantages could other cryptocurrencies bring that will give them a crucial edge over BTC, and how fast could something like that come along?

Well technically it will take years for something to replaced bitcoin currency. Bitcoin is not just bitcoin, there's always something more, besides of fast process in bitcoin, it can also make your life wealthy and one of the best advantages of bitcoin is when the value goes down it will go up at the end.

Markmolotok1488

newbie

Activity: 322

Merit: 0

I think that in the near future bitcoin will not be replaced. Moreover, I think that bitcoin will not be replaced at all, it will remain the yardstick for the rest of the cryptocurrency, and will become digital gold.

anehh

sr. member

Activity: 600

Merit: 250

I'm not sure there will be another cryptocurrency that can replace bitcoin, although it is possible that it could happen. But Bitcoin is too strong and public confidence in bitcoin is very high, besides the bitcoin price is still higher than the other cryptocurrency. So for the next few years I'm sure there is no cryptocurrency that can replace bitcoin, and if it turns out there can replace bitcoin and can give hope to get big advantage as given by bitcoin, then I will also support it by investing in it

PeRo

hero member

Activity: 1042

Merit: 538

Defend Bitcoin and its PoW: bitcoincleanup.com

You guys should look at the date of the post, 4 years ago who even bumps these posts. Anyway, I like how they thought some altcoins could overpass Bitcoin. And they still make these kind of posts and we will again be laughing at them in 2020. This community just goes on in a circle, Bitcoin is dead, Bitcoin will be replaced etc.

railyako

newbie

Activity: 70

Merit: 0

i dont there will be something better. bitcoin is the first. and nothing can beat that.maybe other may rise up and co-exist with bitcoin. but there will be no replacing that will happen. just good competition

mornabo

hero member

Activity: 1148

Merit: 504

Quote from: Ozero on June 30, 2018, 05:32:31 AM

Quote from: Dr Bloggood on January 14, 2014, 06:51:35 AM

"Soon" would be in the next 1-3 years or so.

One of the biggest dangers for BTC is something more useful coming along and investors switching - a process which could happen extremely fast, once started.

So to all the tech savy people in here - what advantages could other cryptocurrencies bring that will give them a crucial edge over BTC, and how fast could something like that come along?

It is possible that in the next three years bitcoin will be replaced by a more perfect coin. We see that bitcoin is not perfect yet and its shortcomings are not completely eliminated. Therefore, I do not rule out such a development of events, when investors will switch to using a more advanced and promising coin. This must be treated as inevitability. Nothing can be eternal. The market has its own rules, so weaker coins will go or occupy lower niches in the crypto currency hierarchy.

We know that technology will be more advanced and there will probably be more projects with more sophisticated technology and
smarter developers coming in, but you should know that all the keys to adoption and migration are on the users themselves

Ozero

full member

Activity: 2142

Merit: 183

Quote from: Dr Bloggood on January 14, 2014, 06:51:35 AM

"Soon" would be in the next 1-3 years or so.

One of the biggest dangers for BTC is something more useful coming along and investors switching - a process which could happen extremely fast, once started.

So to all the tech savy people in here - what advantages could other cryptocurrencies bring that will give them a crucial edge over BTC, and how fast could something like that come along?

It is possible that in the next three years bitcoin will be replaced by a more perfect coin. We see that bitcoin is not perfect yet and its shortcomings are not completely eliminated. Therefore, I do not rule out such a development of events, when investors will switch to using a more advanced and promising coin. This must be treated as inevitability. Nothing can be eternal. The market has its own rules, so weaker coins will go or occupy lower niches in the crypto currency hierarchy.

TrumpD

sr. member

Activity: 602

Merit: 265

One thing that is quite certain once the prices of bitcoin keeps increasing, is that bitcoin will evolve from being a mere crypto-currency (currency as defined as something of value for everyday transactions) to a store value; (store value as defined as an assets which has future returns, and not used as an everyday trading asset). So "soon" depends on when the cryptocurrency community both directly and indirectly (that is the investors) ascertain that the price of 1 BTC is just to huge.

Topic: What are the chances BTC is replaced by something better soon? - page 11. (Read 18658 times)