What are the chances BTC is replaced by something better soon? - page 12.

Erlinda Santiago

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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?

there is a lot of chance because i know people cant stay in only one coin so for sure in the future they will make new and better one for bitcoin

airdnasxela

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I think there is no other cryptocurrency who can replace bitcoin in the next one to three years. It is hard for them to even at least cope up with what bitcoin have achieved. Bitcoin has been unleash long time ago and what it is now is very high that some people even think bitcoin and a cryptocurrency is the same even we know these two are completely different because the former is an example of the latter. Going back, I think it will take at least 5 years for a cryptocurrency to just cope up bitcoin but to replaced it, I think it is improbable from now.

Dblue

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The chances are pretty high seeing that coins like ethereum and bitcoin cash seem to be doing quite well and holding up well despite the crash. if there is ever a coin that will overtake bitcoin it will be one of these two coins in the future. With a blockchain like the one ethereum has there is no doubt that it will become a top contender coin

leoleobeck

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I agree. I don’t think something greater than BTC will come sooner. I don’t think they will accept new one soon, if ever there will be.

tikanima

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If I can replace the BTC, I think that surely only the ETH can replace the BTC, it is a good coin with potential development.

Frederickkk

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chances of that happening that are very less.if there are any favorable things like bitcoin I'm sure bitcoin will still be popular in the world of crypto.

Mio talama

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I don’t think something greater than BTC will come sooner. Everything that we’re looking for in an alternative currency can be found in bitcoin. Now that most of online casinos and other business owners are starting to accept it, I don’t think they will accept new one soon, if ever there will be.

Roy88S

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Like safex? it could be possible if the next their step will launch very soon

lisajung0990

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I agree. I don’t think something greater than BTC will come sooner. Everything that we’re looking for in an alternative currency can be found in bitcoin. Maybe NXT could become that in future.

queenlaurel

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There are other coins here already, it's a matter of choice in which you want to trade in. All people need is transparency in business wether one coins is better than the other.

JeffreyElvis

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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?

Bitcoin has been ranked as number 1 throughout an fits performance is undoubtedly excellent, however coins like ICX, DRGN and TAU can replace bitcoin as their performance is great and they are constantly struggling hard.

HectorAlden

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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?

Not that I will be spamming altcoins but to be honest, coins like ICX, Kmd and PRG are going to be very successful. PRG for instance is launching its PRG space and shall take lead of the whole market. Bitcoin is a great coin but these coins can definitely replace them.

Mio talama

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I don’t think something greater than BTC will come sooner. Everything that we’re looking for in an alternative currency can be found in bitcoin. Now that most of online casinos and other business owners are starting to accept it, I don’t think they will accept new one soon, if ever there will be.

bitbunnny

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Quote from: Raidal on June 26, 2018, 02:44:37 AM

Yeah, it's quite possible if the bitcoin will be replaced by another altcoin. If altcoin is better then we must accept it. We have to be open with new technology especially if the technology is more sophisticated and qualified. When we are better attendance then our work becomes easier. Just now, actually bitcoin technology is already lost with some altcoin. Bitcoin just wins its popularity and still earns the trust of most of the community. Of course, this is a sign of bitcoin to be willing whenever its position is replaced by another altcoin. It's all just waiting for the right time. Especially the bitcoin price of emissions is a sign that more and more people are losing confidence with bitcoin.

I agree that Bitcoin could be replaced but like you've said, by some better and more sophisticated technology.
At the moment I don't see such technology present or even coming any time soon so.I don't think Bitcoin will be replaced in near future.
Some say that Etherum has better and more reliable technology but so far this actualy hasn't been proved and Bitcoin is still keeping the throne. I beleive it will stay so because it's not only technology that matter. Price, acceptance, regulation, implementation in real life and businesses, this is all important.

guppak

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I believe there are some altcoins that are technically better than bitcoin, but the problem is they do not have a large infrastructure that takes years to build it. They do not have thousands if not millions of people invest, in addition to many businesses, programmers, etc. And the only real way to build infrastructure is to be the most popular coin, at least in the current situation. Then as cryptos (hopefully) get more accepted we will see some coins competing against each other and become worthy of the currency, but now Bitcoin will remain Number 1 for the future because of the infrastructure it has.

blocklancer8

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It seems not, although now the price is very low compared to the end of yesterdaybut i’m sure bitcoin will be the main and more dominant than any other coin.

Raidal

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Yeah, it's quite possible if the bitcoin will be replaced by another altcoin. If altcoin is better then we must accept it. We have to be open with new technology especially if the technology is more sophisticated and qualified. When we are better attendance then our work becomes easier. Just now, actually bitcoin technology is already lost with some altcoin. Bitcoin just wins its popularity and still earns the trust of most of the community. Of course, this is a sign of bitcoin to be willing whenever its position is replaced by another altcoin. It's all just waiting for the right time. Especially the bitcoin price of emissions is a sign that more and more people are losing confidence with bitcoin.

vorobev

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Some coins are already challenging it in some aspects. Like ETH is being used for online payments as it is faster and has less fees.

kotulo

newbie

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I like ETH, so I think ETH will take the throne instead

godrey123

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their are alot of potential candidate. that can replace bitcoin, ETH for example. It has alot of uses. We need to look at other coins potential not only bitcoin, A coin that can truly satisfy our needs.

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