Topic: Will Bitcoin be replaced by another cryptocurrency? - page 157. (Read 186407 times)
there is nothing in the world which is impossible if we got anything better than this then why not . we will switch to that cryptocurrency and even thought we still having a huge issue with the transacton fees which is hardly taking away a big money like you have to pay a precious price if you want to deal. it feels like i am dealing with devels of hells
Bitcoin was the first crypto-currency which changed the world. After that appeared many other altcoins , some of them are dead already and some of still exist. I think it's pretty possible to another currency replace bitcoin, something new that clear up all mistakes of bitcoin.
The confirmation issue were supost to be a problem but even with that issue to handle we keep see bitcoin very strong while others altcoins are loosing their power against bitcoin, there is a circle protection around bitcoin, huge investment that looks like others coins arent able too moove.
In general all altcoins lose and will continue to lose value against Bitcoin. Altcoins are nothing more than speculative investment options that people hop over to in times the Bitcoin price happens to go down, or doesn't seem to move. But that's more due to them being addicted to volatility and filled with greed as they constantly look to make profits. Other than that, no one takes altcoins seriously.
The confirmation issue were supost to be a problem but even with that issue to handle we keep see bitcoin very strong while others altcoins are loosing their power against bitcoin, there is a circle protection around bitcoin, huge investment that looks like others coins arent able too moove.
In general all altcoins lose and will continue to lose value against Bitcoin. Altcoins are nothing more than speculative investment options that people hop over to in times the Bitcoin price happens to go down, or doesn't seem to move. But that's more due to them being addicted to volatility and filled with greed as they constantly look to make profits. Other than that, no one takes altcoins seriously.
One thing that I have realized it is very difficult to happen, even for long time it is still very difficult to happen, even today some bitcoin transaction takes quite a long time, it does not mean people will switch and will replaced with other cryptocurrency. Bitcoin will still number one cryptocurrency.
As some people believe it could happen, I think the possibility of bitcoin replaced by another cryptocurrency could happen, although very small. Because of my positive thinking that in the future there is a new digital currency that can outperform bitcoin. Because every thing there is a season must have their own. Similarly, bitcoin is currently popular. Thank you
Yeah, I also agree with you. Bitcoin can be replaced by another cryptocurrency. But it will take time. Replacing bitcoin is not that easy because i has already established its position in the digital currency world and at present its the most successful digital currency in the world. Again if any other digital currency arrives with more features than bitcoin , definitely bitcoin will be replaced . But it will take time because bitcoin has already created hugh hopes and trust in the peoples mind. Its not that easy to break that.
How come none of these altcoins have replaced bitcoin? AFAIK, all altcoins are a perfect copy of bitcoin and then added some feature/use to attract a certain market. It would take time but they don't seem to be having any progress on replacing bitcoins. Almost all of the altcoins out there promised that they are going to replace bitcoins, yet they are all worth 1 satoshi now.
At the end of the day, all of these cryptocurrencies are still built by their audience. If no one's using it, even though it has several more features than bitcoin, it's worth nothing.
Tl;dr: Only possible way for bitcoin to get replaced by another crypto-coin is to have more users than bitcoin.
The confirmation issue were supost to be a problem but even with that issue to handle we keep see bitcoin very strong while others altcoins are loosing their power against bitcoin, there is a circle protection around bitcoin, huge investment that looks like others coins arent able too moove.
One thing that I have realized it is very difficult to happen, even for long time it is still very difficult to happen, even today some bitcoin transaction takes quite a long time, it does not mean people will switch and will replaced with other cryptocurrency. Bitcoin will still number one cryptocurrency.
Bitcoin transactions do not take much time but if compared with other currency it take longer because on other currencies there are not much load of transactions and if other currencies also started to use like bitcoin then it will take more higher times for confirmation and then no one will continue for other currencies and will come back for bitcoin usage. 
One thing that I have realized it is very difficult to happen, even for long time it is still very difficult to happen, even today some bitcoin transaction takes quite a long time, it does not mean people will switch and will replaced with other cryptocurrency. Bitcoin will still number one cryptocurrency.
As some people believe it could happen, I think the possibility of bitcoin replaced by another cryptocurrency could happen, although very small. Because of my positive thinking that in the future there is a new digital currency that can outperform bitcoin. Because every thing there is a season must have their own. Similarly, bitcoin is currently popular. Thank you
Yeah, I also agree with you. Bitcoin can be replaced by another cryptocurrency. But it will take time. Replacing bitcoin is not that easy because i has already established its position in the digital currency world and at present its the most successful digital currency in the world. Again if any other digital currency arrives with more features than bitcoin , definitely bitcoin will be replaced . But it will take time because bitcoin has already created hugh hopes and trust in the peoples mind. Its not that easy to break that.
One thing that I have realized it is very difficult to happen, even for long time it is still very difficult to happen, even today some bitcoin transaction takes quite a long time, it does not mean people will switch and will replaced with other cryptocurrency. Bitcoin will still number one cryptocurrency.
As some people believe it could happen, I think the possibility of bitcoin replaced by another cryptocurrency could happen, although very small. Because of my positive thinking that in the future there is a new digital currency that can outperform bitcoin. Because every thing there is a season must have their own. Similarly, bitcoin is currently popular. Thank you
There's a possibility but I think It will take some time
One thing that I have realized it is very difficult to happen, even for long time it is still very difficult to happen, even today some bitcoin transaction takes quite a long time, it does not mean people will switch and will replaced with other cryptocurrency. Bitcoin will still number one cryptocurrency.
Obviously bitcoin can't be replaced by other crypto because bitcoin is so much strong.And people has started to believe on bitcoin.Bitcoins high price took it into another level.And bitcoin giving us so many facilities which makes it more stable.When other crypto will give more facilities than bitcoin can be replaced.
Well, bitcoin is already very strong for this time. but it did not cover the possibility that bitcoin will be replaced by another cryptocurrency. Well, lately very many new cryptocurrency development, particularly project created by the ICO. maybe there will be a new cryptocurrency and could surpass bitcoin someday.
Obviously bitcoin can't be replaced by other crypto because bitcoin is so much strong.And people has started to believe on bitcoin.Bitcoins high price took it into another level.And bitcoin giving us so many facilities which makes it more stable.When other crypto will give more facilities than bitcoin can be replaced.
Bitcoin is really can not replaced by another currency because bitcoin is really very much stronger currency and we can see that bitcoin is very modern and popular currency which is acceptable in everywhere for online shopping with low transaction fees . 
Although Bitcoin is very strong right now, I would suggest that all the same possible option when alternative coin will take his place. This is evidenced by the growing popularity of alternative solutions on blockchain and the growth of coins capitalization. Already 6-7 coins have a capitalization of over 100 million dollars.
Obviously bitcoin can't be replaced by other crypto because bitcoin is so much strong.And people has started to believe on bitcoin.Bitcoins high price took it into another level.And bitcoin giving us so many facilities which makes it more stable.When other crypto will give more facilities than bitcoin can be replaced.
Bitcoin is stronger currency and it has their own importance in the market due to their price and demand, people have more trust on bitcoin than other crypto-currencies but replacement of bitcoin is not impossible because price of bitcoin is not stable and fluctuates with time, so may be in future some other crypto will go higher in the market with reference to price and replace bitcoin or may be bitcoin's price will drop in future as it dropped from 1150$ to 730$ in just few hours.
Obviously bitcoin can't be replaced by other crypto because bitcoin is so much strong.And people has started to believe on bitcoin.Bitcoins high price took it into another level.And bitcoin giving us so many facilities which makes it more stable.When other crypto will give more facilities than bitcoin can be replaced.
Bitcoin is stronger currency and it has their own importance in the market due to their price and demand, people have more trust on bitcoin than other crypto-currencies but replacement of bitcoin is not impossible because price of bitcoin is not stable and fluctuates with time, so may be in future some other crypto will go higher in the market with reference to price and replace bitcoin or may be bitcoin's price will drop in future as it dropped from 1150$ to 730$ in just few hours.
As a store of value no, its like gold. But for everyday transactions most probably yes, by at least other 5 i believe.
This is not as simple as it is not just a matter of developing a currency capable of doing something that Bitcoin does not do, it is also a matter of developing a currency with features that are very difficult to implement in Bitcoin. In addition, it is necessary to attract a large community, which is willing to bring knowledge of the importance of your project to other people.
My Opinion is anything can replaces anything someday with a new technology and a better one.
Its looks like the same way with money replace the old way of trading and when no money were created.
The same way money replaced by online payment or cryptocurrency. Bitcoin is the biggest cryptocurrency nowadays, and will be replaced too. Soon or Later.
Its looks like the same way with money replace the old way of trading and when no money were created.
The same way money replaced by online payment or cryptocurrency. Bitcoin is the biggest cryptocurrency nowadays, and will be replaced too. Soon or Later.
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