Will Bitcoin be replaced by another cryptocurrency? - page 130.

Osarman

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Quote from: Tungsten-1 on May 18, 2017, 10:01:57 AM

Quote from: tranle789 on May 18, 2017, 06:30:33 AM

Bitcoins cant be replaced by other cryptocurrencies because everyone is using the bitcoin rigtht now so i dont think other people would love to use an other one right now as you know.

Yes you are right because bitcoin are very popular currency and all those people are use this currency. There fore and majority people are invest in these currency and this reason bitcoin are very strong.

you are right that bitcoin is very much popular currency and a lot of people adopting bitcoin for the future and and maximum people investing their money in bitcoin so bitcoin is very stronger currency and other crypto currency never replace the bitcoin.

TheGodFather

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Quote from: tranle789 on May 18, 2017, 06:30:33 AM

Bitcoins cant be replaced by other cryptocurrencies because everyone is using the bitcoin rigtht now so i dont think other people would love to use an other one right now as you know.

yes it is true no any other coin can replaced bitcoin because it is the greatest among all other coins, it has also the greatest value among all, bitcoin will always be the best , it is the king of all coins. many people trusting bitcoin so much, then i think this will be the reason why bitcoin is always be the first its because of the people who are using it and contributes with it.

lol3c

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Quote from: Ziskinberg on May 18, 2017, 06:24:07 AM

Quote from: Netnox on May 17, 2017, 11:18:25 AM

Check this:

https://coinmarketcap.com/

Ripple is getting so close. The Bitcoin market cap is stable at $29 billion, while Ripple is more than half of that amount at $14.5 billion. And most importantly, the share of BTC in the total crypto market cap has gone below 50%.

That's a big marketcap but I am convince with that, it rises due to the price bubble that has happen lately, in ordinary days it was the Ethereum who's at number 2 of bitcoin. Well, as I check the price now, it has gone down to 20,000 satoshis which I believe it will continue to drop down as investors started to pull out in the game. If that is the only basis, I think it's very weak IMO, the price has rise significantly in just a week while EThereum are doing it slowly until it reach a bigger marketcap.

that is the truth that Ripple can not get as high as it is at the moment. It is just a bubble and soon the price will drop terribly like Bitcoin in 2014 and everyone will regret for buying this coin. I do not understand why they keep investing their money in this coin

lol3c

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Quote from: electronicash on May 18, 2017, 08:05:21 AM

Quote from: JohnUser on May 18, 2017, 04:53:52 AM

In a long term, let's say 15-20 years, its 100% sure Bitcoin will be replaced. Don't forget quantum computer will change everything.

Satoshi made bitcoin to show that a system can work without bank, not to make the king of the cryptocurrency, so in a less short term, 5-7 years, why not ?? Or maybe a few one will share the market, it's not a big deal.

totally agree with john here. like i said somewhere bitcoin rise up all because of merchants using it and we kept using it. it does nothing besides that but the rest of the tokens do make greater functions for the public use. one token i'd like seeing rise is ethereum, xrp or probably even xem.

Everyone know that. And if Bitcoin can not change itself, I believe that in the next 5 years Bitcoin will be replaced by another crypto. As you can see, I can not maintain a huge number of users and everyone have to wait for at least 1 day in order for their transactions to be confirmed

HatakeKakashi

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Quote from: Hypnosis00 on May 18, 2017, 10:13:32 AM

Be realistic, the answer for that is yes. There is nothing that will stay forever even bitcoin will die and be replaced by another good coin. I don't think that after 50 years, bitcoin will still be the king because it will die because of high mining difficulty and lack of attention in the market.

Thats right theres now forever even bitcoin have end they will become dead in the future but as of now the bitcoin will still a live and everyday bitcoin will become stronger and bitcoin will become more powerful because the pricr is $1800 . Bitcoin will die I think in few decades because those people and even me not want bitcoin die so we can try different ways to maintain the power of bitcoin and to be still number 1 in cryptocurrency. If bitcoin die there are many altcoin for sure want to become number like bitcoin.

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Quote from: electronicash on May 18, 2017, 08:05:21 AM

Quote from: JohnUser on May 18, 2017, 04:53:52 AM

In a long term, let's say 15-20 years, its 100% sure Bitcoin will be replaced. Don't forget quantum computer will change everything.

Satoshi made bitcoin to show that a system can work without bank, not to make the king of the cryptocurrency, so in a less short term, 5-7 years, why not ?? Or maybe a few one will share the market, it's not a big deal.

totally agree with john here. like i said somewhere bitcoin rise up all because of merchants using it and we kept using it. it does nothing besides that but the rest of the tokens do make greater functions for the public use. one token i'd like seeing rise is ethereum, xrp or probably even xem.

this 3 mentioned alts are already showing their moves now and possible in the near future those coins which really intend to be more functional
and useful for their sole purpose will have a better value so keep watching and see what will be the outcome.

Hypnosis00

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Be realistic, the answer for that is yes. There is nothing that will stay forever even bitcoin will die and be replaced by another good coin. I don't think that after 50 years, bitcoin will still be the king because it will die because of high mining difficulty and lack of attention in the market.

Tungsten-1

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Quote from: tranle789 on May 18, 2017, 06:30:33 AM

Bitcoins cant be replaced by other cryptocurrencies because everyone is using the bitcoin rigtht now so i dont think other people would love to use an other one right now as you know.

Yes you are right because bitcoin are very popular currency and all those people are use this currency. There fore and majority people are invest in these currency and this reason bitcoin are very strong.

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Quote from: Kisanaq on May 18, 2017, 09:34:55 AM

I think it is very likely, this is because many of the problems, for example the bitcoin transactions alone is confirmation of the transaction that requires a lot of confirmation see: https://bitcointalksearch.org/topic/wow-new-record-200622-unconfirmed-transactions-1921507. Modern transaction should be safer, faster and cheaper.

Well maybe the recent news about ransomware is the one that brought this kind of demand in the first place, it is a chain reaction really big companies being hack and being requested for Bitcoin will automatically drive the Bitcoin price up also to follow the demand of other players will make its price movement upwards resulting to what we have now which is 1831$ a piece. Miners are doing their best to confirm all transactions it is just that the number of the transactions are overwhelming for them to start with.

Kisanaq

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I think it is very likely, this is because many of the problems, for example the bitcoin transactions alone is confirmation of the transaction that requires a lot of confirmation see: https://bitcointalksearch.org/topic/wow-new-record-200622-unconfirmed-transactions-1921507. Modern transaction should be safer, faster and cheaper.

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Quote from: JohnUser on May 18, 2017, 04:53:52 AM

In a long term, let's say 15-20 years, its 100% sure Bitcoin will be replaced. Don't forget quantum computer will change everything.

Satoshi made bitcoin to show that a system can work without bank, not to make the king of the cryptocurrency, so in a less short term, 5-7 years, why not ?? Or maybe a few one will share the market, it's not a big deal.

totally agree with john here. like i said somewhere bitcoin rise up all because of merchants using it and we kept using it. it does nothing besides that but the rest of the tokens do make greater functions for the public use. one token i'd like seeing rise is ethereum, xrp or probably even xem.

Fatanut

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Quote from: JohnUser on May 18, 2017, 04:53:52 AM

In a long term, let's say 15-20 years, its 100% sure Bitcoin will be replaced. Don't forget quantum computer will change everything.

Satoshi made bitcoin to show that a system can work without bank, not to make the king of the cryptocurrency, so in a less short term, 5-7 years, why not ?? Or maybe a few one will share the market, it's not a big deal.

And what's the basis of bitcoin getting replaced after 15-20 years? Fiat has been there for a long time and there are now currencies such as bitcoin that has much better mechanics and concept, yet here we are. Fiat is just as strong as before. People are still paying, buying, and accepting fiat. Some are even worshiping it.

Let's say that quantum computer goes out. They can simply change the algorithm of bitcoins into something that's quantum proof (read: post-quantum cryptography). And let's say that the one and only lightning network comes out, bitcoin can also adopt to that. It's actually pretty hard to make bitcoin obsolete since it can always adopt to what's new.

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Quote from: tranle789 on May 18, 2017, 06:30:33 AM

Bitcoins cant be replaced by other cryptocurrencies because everyone is using the bitcoin rigtht now so i dont think other people would love to use an other one right now as you know.

And bitcoin is the beginning of all cryptocurrencies so nothing can replace it, starting from the high price and the great crypto user interest in bitcoin, in coinmarketcap bitcoin is still the number 1 among other crypto.

tranle789

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Bitcoins cant be replaced by other cryptocurrencies because everyone is using the bitcoin rigtht now so i dont think other people would love to use an other one right now as you know.

Ziskinberg

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Quote from: Netnox on May 17, 2017, 11:18:25 AM

Check this:

https://coinmarketcap.com/

Ripple is getting so close. The Bitcoin market cap is stable at $29 billion, while Ripple is more than half of that amount at $14.5 billion. And most importantly, the share of BTC in the total crypto market cap has gone below 50%.

That's a big marketcap but I am convince with that, it rises due to the price bubble that has happen lately, in ordinary days it was the Ethereum who's at number 2 of bitcoin. Well, as I check the price now, it has gone down to 20,000 satoshis which I believe it will continue to drop down as investors started to pull out in the game. If that is the only basis, I think it's very weak IMO, the price has rise significantly in just a week while EThereum are doing it slowly until it reach a bigger marketcap.

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Quote from: toanle098 on May 18, 2017, 05:03:07 AM

There's actually two ways for Bitcoin to get replaced by another crypto-currency. The first and a far-from-reality way is an altcoin would rise. That altcoin is not a simple altcoin, the devs of that altcoin has implemented out-of-the-box ideas that people of the Internet has never thought of. Sounds unrealistic, right? But it might be possible in the future, we just can't see it right now.

The second way is that Bitcoin gets taken down by something. Maybe hackers would DDOS the shit out of Blockchain. Idk what it would be but it's something that will make Bitcoin transactions really really slow, making people go to the second best crypto-currency at that point.

Your second way of moving Bitcoin out of existence seems to be even more far-fetched

At least, in respect to outside actions against Bitcoin. Really, if someone is going to beat the shit of Bitcoin, you immediately have to face two questions, at the very minimum. First, why it hasn't been done already, and, second, if it is possible why another coin will be invulnerable to this attack? As to me, Bitcoin, as of now, can be destroyed only from inside. It has existed long enough to be considered as immune or strongly resistant to anything we have seen so far (DDOS, spam attacks, and whatnot) as well as free of potentially lethal bugs, for absolutely the same reason

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There is always possibility for another cryptocurrency to take bitcoin place. I don't think there is such coin at this moment. People talk about dash, then ETH. For now they are far behind, and I don't think something can happen for them to come closer to bitcoin price and market cap.
Who knows what future is bringing for everyone of us, maybe some new team make a good coin, and with big investments in marketing, promotions maybe some one can make coin big as bit coin.

toanle098

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There's actually two ways for Bitcoin to get replaced by another crypto-currency. The first and a far-from-reality way is an altcoin would rise. That altcoin is not a simple altcoin, the devs of that altcoin has implemented out-of-the-box ideas that people of the Internet has never thought of. Sounds unrealistic, right? But it might be possible in the future, we just can't see it right now.

The second way is that Bitcoin gets taken down by something. Maybe hackers would DDOS the shit out of Blockchain. Idk what it would be but it's something that will make Bitcoin transactions really really slow, making people go to the second best crypto-currency at that point.

JohnUser

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In a long term, let's say 15-20 years, its 100% sure Bitcoin will be replaced. Don't forget quantum computer will change everything.

Satoshi made bitcoin to show that a system can work without bank, not to make the king of the cryptocurrency, so in a less short term, 5-7 years, why not ?? Or maybe a few one will share the market, it's not a big deal.

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Quote from: Moneroman88 on June 07, 2016, 03:19:53 PM

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?

Nope. Bitcoin will not be replace by another crytocurrency because for I think bitcoin is the father of all other crytocurrency because some people convert their money to bitcoin so that if the value got high their money will grow. Bitcoin is very usefuland helpful though it's value is not stable still it is good and very convinient to use for all of the people.

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