Topic: Will Bitcoin be replaced by another cryptocurrency? - page 105. (Read 186407 times)
Yes it could be possible,right now there are too many cryptocurrency that makes its appearance to the bitcoin world.There is an a!tcoin that is threatening bitcoin, even if that coin is very young or that coin is just starting I think it can be really a big problem to the bitcoin.Aside from the ethereum's rapid growth the altcoin helps too many people also,so that is some proof that it can replace bitcoin.But from now it's bitcoin that is the general coin that is used,so no one can ever predict.
Yes it makes sense, anything can happen in the future, if bitcoin still like this, not improving itself, it is not impossible there will be other cryptocurrency that increase better and new cryptocurrency better and more expensive than bitcoin. For now maybe bitcoin is the best, but for the future there could be a replacement.
Anything could happen with digital currencies, but when we talk of bitcoin getting replaced by some other digital asset, the chances were low. Yesterday one of the popular exchange service render revealed statement of representing bitcoin as BC1 based on the fork chain. For this experts have given clear description that it's always bitcoin and nothing gets termed or replaced however things grow better.
Bitcoin's technology has and will be surpassed. Bitcoin is presently mostly surviving on its good name. When that dies out Bitcoin will as well. Bitcoin is supposed to be money. But when you try to pay with it you realize its limitations (speed, transaction cost).
Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
This is possible, because every day people think and make improvement of themselves. So when it comes in coins, many wants to be the next Satoshi Nakamoto who will be the inventor of the next King. Actually, many argue about this. They compare Bitcoin to Ethereum. Ethereum is one of the best alts today. Many says that it will replace Bitcoin in the future. Though I believe in Bitcoin itself that it is irreplaceable. But we can't say that.
The more forks, the more dilluted bitcoin will become. This may eventually end up in replacing with one of the forks
Yes it makes sense, anything can happen in the future, if bitcoin still like this, not improving itself, it is not impossible there will be other cryptocurrency that increase better and new cryptocurrency better and more expensive than bitcoin. For now maybe bitcoin is the best, but for the future there could be a replacement.
well, anything can happen in the world of cryptocurrency. now more and more altcoins are emerging. when suddenly a bitcoin goes down or scam, it will easily be replaced by another coin. although the chances are small.
Does it make sense to believe that Bitcoin could one day be replaced by another cryptocurrency, that is, a cryptocurrency that really does make Bitcoin obsolete?
I'm not be sure that this will happen. Most likely, bitcoin will always remain a favorite. Too many people, forces and money are involved in this.Yes, Bitcoin will always be the number one. But the price will go so high that the poor will not afford to buy it. For rich people, they do not worry about buy and investing Bitcoin. They do not worry about buying some mining rigs for Bitcoin, because they a lot of money.
But for people like me will need to collect Bitcoin in order to get some money. People like will choose to mine other cryptocurrency because it will be easier and do not have many competitors unlike Bitcoin. So, that is the different between rich people and poor people. That is the replacement I'm talking about.
Could be that the Bitcoin will be raplced by the ethereum, as the Vitalik is working so hard on that system. Vitalik trying to scale the ecosystem of ethereum so big as the Visa system and ect. So there is no real answer which cryptocurrency will cost higher after few years. It's all depends on the technologies and the protocol.
Wow, nice information. But I want to ask something, if Ethereum price become higher than Bitcoin, do you think the price of Bitcoin will still go up ? Or that will be the end of Bitcoin ? Right now, I just cannot imagine any cryptocurrency can surpass the Bitcoin. But with the technology I do not know about it. I can only hope that Bitcoin will last long.
I do not believe that this is possible. Bitcoin is the first and most popular crypto currency. It has a large community of users. And its price continues to grow. There are many alternative crypto currencies, but I do not think that they can replace Bitcoin in the future.
but I believe that bitcoin will never be replaced by other coins in cryptococcus, since bitcoin is the pioneer of the birth of digital currency, and so far the popularity of bitcoin is high enough and the public interest to do its business on bitcoin in an effort to profit from bitcoin.
Everything dies. Bitcoin will eventually become exclusive once all the bitcoins have been mined and everything in the world gets replaced by a newer model its very likely there will be a better and more improved version in the future.
but I believe that bitcoin will never be replaced by other coins in cryptococcus, since bitcoin is the pioneer of the birth of digital currency, and so far the popularity of bitcoin is high enough and the public interest to do its business on bitcoin in an effort to profit from bitcoin.
Bitcoin has its shortcomings and vulnerabilities. One of them is a long transaction time. If in the near future this defect is not resolved, it is possible that some other more successful coin will take a leadership position instead of bitcoin. Everything develops and improves, and the best become the leader.
These problems can be resolved pretty quickly and affectively by implementing some changes in the bitcoin core software. But most of the time there are 2 kinds of people, ones who are in favor and one are against, so in this case a fork is done and whichever chain gets more hash power wins the battle, so if bitcoin by any chance loses this battle then it will be replaced by an altcoin. So in that case I think bitcoin will lose most of its value but not come to zero. 
Bitcoin has its shortcomings and vulnerabilities. One of them is a long transaction time. If in the near future this defect is not resolved, it is possible that some other more successful coin will take a leadership position instead of bitcoin. Everything develops and improves, and the best become the leader.
Remember that when Yahoo was very popular nobody could see that being knocked off top spot and then this thing called google came along. Same thing can be said for Facebook and Myspace, will it happen? Nobody knows. Could it happen? Yes it's definitely possible so it's always good to think about these type of things.
Eventually in the future, bitcoin will be replaced by another crypto currency but not soon. Bitcoin will be available till 2023 for mining. After that bitcoin will remain the costliest crypto currency. However, those who have already set up their expensive mining system, what will they do?
They will obviously find another crypto currency to mine and that crypto currency will become the next big thing after bitcoin. Everything in life, has a expiry date and bitcoin is no exception. But that is not going to happen anytime soon.
You will have to explain some details. Why mining will only be available until 2023? Because we should still have a good 100 years until no new blocks are mined. Also the fees will take over as the reward. Altcoins use different algorithms, with ASCIs it is not possible to switch to the next best coin.They will obviously find another crypto currency to mine and that crypto currency will become the next big thing after bitcoin. Everything in life, has a expiry date and bitcoin is no exception. But that is not going to happen anytime soon.
I think that's because the bitcoin is firmly fixed.
No it can be replacement by other Technology But by other cryptocurrency Because it is a base of other cryptocurrency and main code is bitcoin .
just make small check on prices and will Know
just make small check on prices and will Know
it is possible that Bitcoin can be replaced with another coin sometime in the future, because other coins appear every day.
I don't see really a reason to replace BTC with an other currency, but nothing is impossible..
What is happening now is that there more and more crypto giving "birth" almost every week or month. It's an interesting market and everyone wants a part of the cake of course :-)
So let's see what the future will say.
What is happening now is that there more and more crypto giving "birth" almost every week or month. It's an interesting market and everyone wants a part of the cake of course :-)
So let's see what the future will say.
But most of them was just used for creating money. The quality is not there anymore and the goal to make it the better service than any other coin.
Which could lead to the fact that it can ruin other coins which is making progress.
technically i do not believe your speculation bitcoin replace by another cryptocurrency bitcoin is on top among us those altcoins they are have no value without bitcoin if bitcoin replace by another i think the cryptoworld is back to zero for that mind thinking.
I also think the same as you. if bitcoin is replaced by another crypto, then we will start from zero again. and it takes a long time again.
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