Topic: Will Bitcoin be replaced by another cryptocurrency? (Read 186407 times)
I think, bitcoin will not be replaced by another cryptocurrency. Because, bitcoin has a stable market value. Then, bitcoin is the first coin made and becomes the coin that holds the most important role in the world of cryptocurrency.
Yes, this makes sense. Bitcoin is probably not suitable for replacing every and each fiat coin in the world right now as it is and make an unique, universal coin... So another coin will probably replace it, or Bitcoin will evolve so much that it will make no more sense to call it Bitcoin. Only future will tell
Although nothing lasts forever it is of course possible that Bitcoin will be replaced some day. The question is it likely to be replaced by another cryptocurrency or will it be replaced by an entirely new concept? I think if a new system replaces Bitcoin it must have highly significant advantages over Bitcoin that come close to the paradigm shift that Bitcoin represents compared to the existing fiat money system.
The reason why I don't believe that Bitcoin is replaced easily by another cryptocurrency is its significant network effect that is the result of having the biggest user base. Bitcoin had a first mover advantage. That advantage can not be easily reversed.
Although nothing lasts forever it is of course possible that Bitcoin will be replaced some day. The question is it likely to be replaced by another cryptocurrency or will it be replaced by an entirely new concept? I think if a new system replaces Bitcoin it must have highly significant advantages over Bitcoin that come close to the paradigm shift that Bitcoin represents compared to the existing fiat money system.
The reason why I don't believe that Bitcoin is replaced easily by another cryptocurrency is its significant network effect that is the result of having the biggest user base. Bitcoin had a first mover advantage. That advantage can not be easily reversed.
You wonder if bitcoin can be replaced with other crypto for now. Maybe you already know the answer. One of the main reasons for bitcoin is the first of other cryptococcus, it is difficult to replace it in the near future at this time. but nothing is impossible.
As of now i do not see any altcoin that will replaced bitcoin because the value of bitcoin is too high and there is no coin are a little difference of the value, and only bitcoin have more offer and good services.
I dont think that bitcoin can be replaced by another cryptocurrency because bitcoin is very popular right now and among the rest of crypto bitcoin price is toally high, and i think bitcoin will always be the best cryptpcurrency because it is the first cryptocurrency. 
With a marketcap of more than 45% it will be difficult for any coin to replace bitcoin, and I'm sure that the future of bitcoin will continue to improve and it's hard to replace it with another coin for at least 10 years from now.
Bitcoin holds most of the market share within crypto land, but has been slowly decreasing over time as other altcoins have taken the lead. Bitcoin had a higher share within its early days, but since it has been experiencing scalability issues lately, other altcoins have risen in popularity and market share. However, once Bitcoin adopts the Lightning Network, it might increase further in value and demand, allowing its market share to rise over time.
Unless, another cryptocurrency with better technology and acceptance than Bitcoin comes in, it'll be difficult for the King of Cryptocurrencies to be replaced soon. Bitcoin already has market recognition and first mover advantage. As such, it would take a lot of effort for another cryptocurrency to take the lead and overcome the pioneer cryptocurrency in the future. In the end, Bitcoin will continue to grow and expand into a full-fledged cryptocurrency capable of handling all the world's payments. Of course, there could exist a possibility of another cryptocurrency overcoming it (perhaps a centralized universal cryptocurrency), but until then, Bitcoin will still be the King of Cryptos for quite a long time. Just my thoughts
At the moment that looks as a tall dream. There is no other cryptocurrency that is in the shadow of the bitcoin as we speak. It must be noted that while anything is possible, It is going to take awhile to see this happening.
History of cryptocurrency started in 2009 when I was first emission unit neatnik money — Bitcoin. The assurance of its Creator Satoshi Nakamoto, this virtual analogue of the usual money will progressively enter circulation worldwide, and can even change drastically the modern world of Finance. Of course, at first this information was taken very skeptically, but as time has shown, today's increase in the bitcoin rate makes many people believe in the bright future of cryptocurrencies and engage in their extraction.
It depends on there offered service and other needs but I don't think with this time no crypto will be able to compete bitcoins. But just like what happened from the early days of bitcoin. We don't know that this will come out of nowhere, then I think some another currency will be able to come out from nowhere and will make some hard competition with bitcoin.
Maybe it will happen. if Bitcoin loses the trust of its users or the government prohibits the use of Bitcoin to transact or also the emergence of newer, more sophisticated crypto coins from Bitcoin.But for now I think Bitcoin is irreplaceable.
It is not easy for another cryptocurrency to overtake bitcoin. Bitcoin success to known by public and its technologies also very advance, i think it in near future will not have any other coins that can be more famous than bitcoin.
Not now, not tomorrow! Bitcoin still has a long time to reign and other currencies just have to exercise some good patience.
Yeah its very difficult for bitcoin to be replaced by any other currency because bitcoin have established it's fortress while other cryptocurrency are just digging for their foundation. I never removed the fact that it is still an open market where everything is possible to happen. I also believe that in due time bitcoin will have it's rival and it may possibly be overtaken by it sometime in the future. But it is not now or next 10 years.
Bitcoin can fail over the time, but its very hard to believe it may happen, the security level is the best worldwide or looks like it is. Besides that there is a huge investment around bitcoin, i cant say that some other altcoin cant achieve bitcoin status, but all altcoins have someone in the control.
When we talk about cryptocurrency network, anything could happen in a short or long run. At the same lots of digital currencies existed following bitcoin which got vanished in a very short time. On this account the possibility of bitcoin getting replaced by some other digital currency is very low.
As of now i do not see any altcoin that will replaced bitcoin because the value of bitcoin is too high and there is no coin are a little difference of the value, and only bitcoin have more offer and good services.
Bitcoin is too strong to be able replace by another cryptocurrency and for me bitcoin will always be the best cryptocurrency until it is running in this world and i believe that no one on other cryptocurrency can able to beat or replace bitcoin.
It will as long as we continue to buy and push the demand, there are a lot of industries that are making bitcoin great especially the gambling sites as people always loses there money hence it increase the demand, try to imagine if sharks will be using bitcoin then it will make demands.
Bitcoin may be replaced by a different technology or be superseded but it will take a very long time as Bitcoin is a pioneer in this technology. I think Bitcoin is here to stay for a very long time as paper money has been around for thousands of years.
That is impossible to happen, Bitcoin is #1 on coin market cap the next number from 2 to top 9 is miles away from the price of Bitcoin.
Not now, not tomorrow! Bitcoin still has a long time to reign and other currencies just have to exercise some good patience.
Yes nothing is impossible and we can expect many more to come in the future to have a fair competition as well and also people should have choice of good crypto currencies like we have choices in our daily life.Until and unless tough competition doesnt prevail in the market monopoly would be always there making the price of the currency go up and up.Still btc is the king of crypto currency and would be in the future as well if all goes well.
Bitcoin has already been replaced by ethereum. I dont believe that ethereum is perfect but it is way better than bitcoin.
Jump to: