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Topic: What is the probability of Bitcoin being replaced? (Read 1872 times)

sr. member
Activity: 402
Merit: 250
it looks like there will be no substitute for bitcoin until whenever, because bitcoin was first created in cryptocurrency and there is nothing better than Bitcoin because Bitcoin is already visible in the future.
legendary
Activity: 1512
Merit: 1000
For short/medium term the chances are zero, nil, nada. In the long run BTC will be most likely replaced by something but probably not by ETH.
newbie
Activity: 6
Merit: 0
The possibility of Bitcoin being replaced is zero.
hero member
Activity: 770
Merit: 629
you are asking two different question:
the probability of bitcoin being replaces in the future is high.
BUT
the probability of bitcoin being replaces by ethereum in the future is zero.

ethereum is just another one of those pump and dump altcoins with a lot of hot air a lot of shills to advertise for it. but over time it is going to die off and disappear just like others before it.

Well, don't underestimate the success of scammy systems.  Look at the three highest alt coins: ETH and DASH, both heavily centralized, both having serious historical problems (one has lost its immutability and permissionlessness, the other one a huge instamine).  The third one a banking coin with full premine.

The two more "honest" coins are Monero and Litecoin at the top of the palmares, with much smaller market caps.

There's no guarantee that crypto markets value decentralisation or permissionlessness.  It seems rather the opposite. They may just as well prefer scammy games. Bitcoin being centralized by miners, ETH being a totally centralized coin having already shown what that means, DASH being an instamine centralized coin, and ripple being a bankers coin, take up 95% of the crypto "investment".

In a way, this is not surprising: centralized systems can manipulate much more, and market much more, than decentralized systems which are no game.

full member
Activity: 378
Merit: 101
If Bitcoin can overcome its transitional phase now, without dividing itself into two different coins, then it is unlikely that it will be replaced. However, there are other coins growing very fast in adoption such as Dash and Ether.

Moreover, new comers such as Pivx and Waves might pose a threat if they gain mass adoption, with their proper inner governance structure. Only time will tell, but it might be the case that Bitcoin will coexist with many digital currencies, at the same time without being replaced at all.
hero member
Activity: 896
Merit: 500
Is Ethernum a threat to Bitcoin?

-Ethernum is faster than bitcoin
-has been gaining popularity
-its good for smart contracts.

Is Ethernum going to replace bitcoin, die out as a fad or coincide with bitcoin? Are we likely to see any altcoin possibly kill bitcoins or will bitcoin simply incorporate any improvements from altcoins, taking away all advantages.
For now I can say Ethernum is coin next to bitcoin however it can't defeat bitcoin when it comes to currency and popularity. In case that some merchants acknowledge bitcoin but not Ethernum, still , when it comes to other cryptocurrency, Ethernum is the best.

It can be a good replace for bitcoin, it can be used too the way bitcoin can,but not theses soon. Bitcoin gains more popularity and makes more features and development at this time that are being acquired by many users. Having Ethernum as an option is fine, but using it as a main cryptocurrency ,I doubt if many users will adopt it.
full member
Activity: 272
Merit: 100
Is Ethernum a threat to Bitcoin?

-Ethernum is faster than bitcoin
-has been gaining popularity
-its good for smart contracts.

Is Ethernum going to replace bitcoin, die out as a fad or coincide with bitcoin? Are we likely to see any altcoin possibly kill bitcoins or will bitcoin simply incorporate any improvements from altcoins, taking away all advantages.
For now I can say Ethernum is coin next to bitcoin however it can't defeat bitcoin when it comes to currency and popularity. In case that some merchants acknowledge bitcoin but not Ethernum, still , when it comes to other cryptocurrency, Ethernum is the best.
member
Activity: 84
Merit: 10
I dont think Bitcoin would ever be replaced, if another crypto-currency where to rise it would be immediately rejected by larger firms unless it has more better fisiblity and security that bitcoin. Bitcoin already had a tough time to be accepted as payment in companies such as Amazon, Microsoft and Steam; if it were to fail, then these companies wouldnt accept another cryptocurrency
legendary
Activity: 3150
Merit: 1392
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Is Ethernum a threat to Bitcoin?

-Ethernum is faster than bitcoin
-has been gaining popularity
-its good for smart contracts.

Is Ethernum going to replace bitcoin, die out as a fad or coincide with bitcoin? Are we likely to see any altcoin possibly kill bitcoins or will bitcoin simply incorporate any improvements from altcoins, taking away all advantages.
I don't think Ethernum will become more popular than BTC. It costs a lot less
sr. member
Activity: 252
Merit: 250
Is Ethernum a threat to Bitcoin?

-Ethernum is faster than bitcoin
-has been gaining popularity
-its good for smart contracts.

Is Ethernum going to replace bitcoin, die out as a fad or coincide with bitcoin? Are we likely to see any altcoin possibly kill bitcoins or will bitcoin simply incorporate any improvements from altcoins, taking away all advantages.

Maybe ethereum will become as popular as bitcoin (after a few years),but it won`t replace btc.

I still don`t trust ehtereum that much.I forum member here was saying that ethereum is dying and scam.

I don`t know if this is true,but i don`t trust ETH.
yes i also agree with you. i think bitcoin is so strong and stable that it can maintain its status and position in the market. i think other crypto currency will replace in bitcoin.
member
Activity: 74
Merit: 10
Don't think bitcoin can be replaced.
Maybe it gets company by some strong altcoins like ether.
But no replacement.
legendary
Activity: 1512
Merit: 1012
I think Bitcoin has a quite high probability of being replaced, but obviously not by any altcoin currently existing. It will probably be replaced in a sense that it will develop so much it will cease to make sense to call it Bitcoin Smiley It can also be replaced by another coin in a very long term, who knows...
sr. member
Activity: 378
Merit: 250
I think there is nothing that can replace BTC. It's to popular now

10 Billion dollars in the world economy is the equivalent to pennies in my wallet.
newbie
Activity: 3
Merit: 0
I think there is nothing that can replace BTC. It's to popular now
hero member
Activity: 714
Merit: 500
Is Ethernum a threat to Bitcoin?

-Ethernum is faster than bitcoin
-has been gaining popularity
-its good for smart contracts.

Is Ethernum going to replace bitcoin, die out as a fad or coincide with bitcoin? Are we likely to see any altcoin possibly kill bitcoins or will bitcoin simply incorporate any improvements from altcoins, taking away all advantages.

It might just happen, because the Aether show a better advantage. But it will not occur if the user still remain faithful to use bitcoin BTC. The Aether might be superior, however if the user preferred the bitcoin BTC then it will not happen. Perhaps one disadvantage of ether to those under the command of the company
legendary
Activity: 3374
Merit: 1824
I don't think that any other virtual currency will replace Bitcoin.
Bitcoin started whole trend, was first, and based on Bitcoin's idea all other virtual currencies started.
I don't think that Bitcoin users will give up from bitcoin.
Many of them will also try other virtual currencies but their hearth will always stay with Bitcoin Smiley
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
Is Ethernum a threat to Bitcoin?

-Ethernum is faster than bitcoin
-has been gaining popularity
-its good for smart contracts.

Is Ethernum going to replace bitcoin, die out as a fad or coincide with bitcoin? Are we likely to see any altcoin possibly kill bitcoins or will bitcoin simply incorporate any improvements from altcoins, taking away all advantages.

for now, bitcoin can not be replace in any of altcoin, maybe if there are no bitcoin again or the supply is end, then maybe bitcoin can be replace with another and it takes a long time before it will happen.

and for ethereum, there are posibility to be second bitcoin but not this time, it should wait until next years.
hero member
Activity: 1036
Merit: 520
i don't think bitcoin will ever be replaced by anything else. although i am only talking about in my life time and have no interest in talking about a hundred years from now.
bitcoin is the new technology which is growing itself, so it is not yet old and obsolete like fiat so any new technology has to come a lot after bitcoin gets old.
legendary
Activity: 2450
Merit: 1047
Is Ethernum a threat to Bitcoin?

-Ethernum is faster than bitcoin
-has been gaining popularity
-its good for smart contracts.

Is Ethernum going to replace bitcoin, die out as a fad or coincide with bitcoin? Are we likely to see any altcoin possibly kill bitcoins or will bitcoin simply incorporate any improvements from altcoins, taking away all advantages.

Not in two years but only time can tell ethereum has an awesome features and community support,anything is possible so it a good bet to invest on the top 5 altcoin in the coinmarketcap,as we all know crypto currency is the currency of the future..
sr. member
Activity: 378
Merit: 250
1. 99.9%
2. No
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