Topic: What are the chances BTC is replaced by something better soon? - page 14. (Read 18658 times)
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.
"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?
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?
This message has been posted at 2014 year.
no one can change it in 4 years.
But this question is actual now
This thread has been around since 2014, and it's asking if anyone can exceed the bitcoin. And now it has been proven that in 4 years no coin has been able to do that yet. Maybe in the next few years it will be the same. Bitcoin will remain the most favored.
At present, there is no coin which is better than bitcoin, so there is no chance it will be replaced by something better. Although, some altcoins have got the potential to beat bitcoin sometime in future.
Every time there is always change, and we must be ready to accept the change, whenever there is always a chance to replace bitcoin with better coins, and whatever happens most important is that we always get benefit.
Chances are always there i think, and yes i agree on that whenever there is a chance to replace bitcoin with better coins we should always have the opportunity to benefit on it. For some reason i don't feel bad if there is no coin can replace bitcoin.Bitcoin alone is great and i believe on it.Though i don't see that happening any time soon. No one bats an eye when an alt drops in value significantly even ethereum, but if btc drops, thr market goes crazy. There may not be an alt yet to generate a major effect on the market like btc yet
"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?
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?
They have to beat bitcoin's attributes before that could ever happen. I don't even think that replacing bitcoin is as easy than what we think because bitcoin is built through the years since it was launched a couple of years ago. A new cryptocurrency will probably take bitcoin's place if and only if bitcoin doesn't exists anymore, IMO.
Every time there is always change, and we must be ready to accept the change, whenever there is always a chance to replace bitcoin with better coins, and whatever happens most important is that we always get benefit.
Chances are always there i think, and yes i agree on that whenever there is a chance to replace bitcoin with better coins we should always have the opportunity to benefit on it. For some reason i don't feel bad if there is no coin can replace bitcoin.Bitcoin alone is great and i believe on it.
I think the coin likely to compete with bitcoin and win is AML BitCoin. Among many other reasons the value of the AML Bitcoin is not determined by any government. Therefore, if any economic or financial instability occurs, AML Bitcoin users are not affected.
I think potential candidates are Litecoin, and the alts out there have already been established for some time; so it is by no means clear how it would play out.
Bitcoin has not actually been used massively as a means of payment. It was almost immediately used for accumulation as a means of accumulating value. This sharply increased its price, however it complicated the process of legalizing both bitcoins and all the crypto-currency from the states. In general, bitcoin was not very successfully used as a crypto currency. This was hampered by ordinary human greed. Therefore, it is quite possible that new players and new coins will appear on the crypto-currency market. The Crypto currency has just begun to develop.
Every time there is always change, and we must be ready to accept the change, whenever there is always a chance to replace bitcoin with better coins, and whatever happens most important is that we always get benefit.
I don't agree with this that some altcoin can replace bitcoin because no altcoin have price near to it and also not happen this in near future. There is a huge price gap between bitcoin and top priced altcoin and this gap is widening day by day rather then decreasing.
"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?
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?
Nothing is impossible. Just like what they say, one day you are on top and the other day you are on the bottom. But i still believe that bitcoin is the leading. So chances of it to be ovecome by other is too low.
Not soon i think. For other countries it just started its popularity and people still learns about bitcoin before looking at the other currencies present in the market. I think more people have more security and rely more on the potentila of bitcoin.
I think this bitcoin will not be replaced by other things I'm sure bitcoin will remain popular in the world. because bitcoin itself has benefited many people of this world. and bitcoin is made very well and not carelessly. if there are any favorable things like bitcoin I'm sure bitcoin will still be popular in the world of crypto.
There may be an attempt by the US government or some entity to create a coin like Bitcoin but is easier to regulate and track. of course I am certain this would be lobbied against by credit card companies and banks because they make fortunes off fees when they transfer money and a Bitcoin like coin supported by governments that would make transactions cheap and efficient
Chances of that happening that are very less. Among the current coins only ETH can do this and it will take at least 20 years.
Most likely altcoin is still very difficult to compete with bitcoin in a long duration because in the view the exchange rate is too much different so that altcoin opportunities narrower in any condition.
I always believe that there's always a better chance or thing for everything... But now I cant see anything that has any edge or a better idea that can beat BTC.
There is a very low percentage that this btc will be replaced. I dont think thar any coin will oucast btc because of its high price and its big benefits. Maybe in 20 more years it can be replace but for now i think that that would be very impossible.
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