Will Bitcoin be replaced by another cryptocurrency? - page 161.

BitFinnese

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Quote from: ged00u on January 22, 2017, 04:22:45 AM

Quote from: lOvE mE forEvEr on January 21, 2017, 10:10:21 AM

I think it is difficult and near impossible, when people talk cryptocurrency, then they will know bitcoin. I also know that there are many altcoin the technology side is better than bitcoin, but because bitcoin is first then it will not be replaced.

I do think it's difficult for any cryptocurrencies to take over the place of bitcoin but I don't assume that this is impossible. And there are literally nothing predictable in this crypto world, especially when it comes to bitcoin. It's not gonna happen now for sure, but after a few years or even decades, things won't be the same anymore and so does bitcoin.

I always believe at the possibility no matter how unbelievable it is at our current time to replace Bitcoin. The world is going and it is turning around, those at the top today maybe at the bottom tomorrow. It is just a matter of time. If all the possible requirements to replace bitcoin is met by other altcoin, there is no stopping for them to take the place of Bitcoin.

deppil

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Quote from: ForumBit on January 22, 2017, 07:25:47 AM

yes it may happen but i think bitcoin has reached to a level where it is difficult for any other cryptocurrency to replace it or reached to its level because it takes a huge time to evolve and bitcoin takes almost 10 year to reached this level. in other words we can say that it is the mother of all cryptocurrency.......

yeah bitcoin class is already very high compared to other cryptocurrency, in terms of popularity, the number of users, and so forth. bitcoin level is already very high. so it will be very difficult to be replaced by another cryptocurrency

Dr.Osh

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Quote from: ForumBit on January 22, 2017, 07:25:47 AM

yes it may happen but i think bitcoin has reached to a level where it is difficult for any other cryptocurrency to replace it or reached to its level because it takes a huge time to evolve and bitcoin takes almost 10 year to reached this level. in other words we can say that it is the mother of all cryptocurrency.......

Well, you're right. maybe someday, there will be a coin which is better than the bitcoin, because we will never know, what kind of coins will be developed in the future. but, bitcoin has been at a different level. wherein the level is very difficult to achieve by alrcoin that exist today.

deadpoolx

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Quote from: vrm86 on January 22, 2017, 07:49:16 AM

I've seen many coins that were far more technically sophisticated and reliable, or with some innovative distribution method. Each time investors and creators were hyped about the superiority of their coin over BTC and were making bright future plans, but afterall it always ended in pump&dump scheme. As the world-wide recognition and adoption level seems to be most important factors for cryptoicurrencies success, I can see no possible competitor for bitcoin at the moment.

Yeah, and it seems like some developers are becoming more sophisticated in such schemes. The biggest problem, in my opinion, is that most currencies create solutions to problems that do not exist, at least not at the present time. In addition, when developers can create something new and useful, they also bring some problems to the platforms, such as centralization points.

BlackPanda

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Quote from: ForumBit on January 22, 2017, 07:25:47 AM

yes it may happen but i think bitcoin has reached to a level where it is difficult for any other cryptocurrency to replace it or reached to its level because it takes a huge time to evolve and bitcoin takes almost 10 year to reached this level. in other words we can say that it is the mother of all cryptocurrency.......

very difficult for me. because bitcoin is an icon of the digital currency today. all depends on the price movements of bitcoin. so I conclude that bitcoin will survive and remain will be a digital currency that is most widely used.

vrm86

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I've seen many coins that were far more technically sophisticated and reliable, or with some innovative distribution method. Each time investors and creators were hyped about the superiority of their coin over BTC and were making bright future plans, but afterall it always ended in pump&dump scheme. As the world-wide recognition and adoption level seems to be most important factors for cryptoicurrencies success, I can see no possible competitor for bitcoin at the moment.

Gromozeka!

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Quote from: ForumBit on January 22, 2017, 07:25:47 AM

yes it may happen but i think bitcoin has reached to a level where it is difficult for any other cryptocurrency to replace it or reached to its level because it takes a huge time to evolve and bitcoin takes almost 10 year to reached this level. in other words we can say that it is the mother of all cryptocurrency.......

I agree with you, before being replaced by bitcoin need to go through the same path that it and it's not so simple and fast. If it happens it will be a ban on the bitcoin everywhere, then of course it will be replaced by another cryptocurrency.

Ewinsane

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Quote from: crwth on January 21, 2017, 11:15:20 AM

Quote from: Jasad on January 21, 2017, 10:32:21 AM

Quote from: lOvE mE forEvEr on January 21, 2017, 10:10:21 AM

I think it is difficult and near impossible, when people talk cryptocurrency, then they will know bitcoin. I also know that there are many altcoin the technology side is better than bitcoin, but because bitcoin is first then it will not be replaced.

yuppp that's true , i have an experience when i am asking for a buyer to pay me on dogecoin ,
but he just respond nothing and say have no idea bout it ,
common people only know bitcoin , why? of course it is more popular ,
so if there will be another crypto replace bitcoin , it should be become popular more than bitcoin.

Bitcoin is more popular because it's the first and best cryptocurrency. It's the father of all cryptocurrency. It won't be easy to replace and people are going to know about altcoins because of this forum. Some people who just use bitcoin because of the way of transaction works. It's awesome but not everyone wants to learn about new things.

i agree with you that bitcoin is much more popular currency crypto currency and you are right that we can says that bitcoin is the father of all crypto currency and i think there is a lot of services available on bitcoin and and more people adopt the bitcoin for their business.

ForumBit

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yes it may happen but i think bitcoin has reached to a level where it is difficult for any other cryptocurrency to replace it or reached to its level because it takes a huge time to evolve and bitcoin takes almost 10 year to reached this level. in other words we can say that it is the mother of all cryptocurrency.......

Superways

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Quote from: ged00u on January 22, 2017, 04:22:45 AM

Quote from: lOvE mE forEvEr on January 21, 2017, 10:10:21 AM

I think it is difficult and near impossible, when people talk cryptocurrency, then they will know bitcoin. I also know that there are many altcoin the technology side is better than bitcoin, but because bitcoin is first then it will not be replaced.

I do think it's difficult for any cryptocurrencies to take over the place of bitcoin but I don't assume that this is impossible. And there are literally nothing predictable in this crypto world, especially when it comes to bitcoin. It's not gonna happen now for sure, but after a few years or even decades, things won't be the same anymore and so does bitcoin.

I think bitcoin is also doing struggle for developing more and to get a higher place so it is not sure that with the struggle of other coins some of the coins will come and will take the place of bitcoin. Currently the supporters of bitcoin are more than that of other coin.

savioroshan

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Quote from: rickadone on November 23, 2016, 03:41:59 PM

Quote from: MTBTT on November 23, 2016, 12:18:01 AM

Quote from: arcanaaerobics on November 20, 2016, 10:06:14 AM

This week/month showed to us the power of bitcoin in terms of global acceptance.

If bitcoin can be replaced? Well, it will be an long road to another crypto get that highlight...

I think for any bitcoin life, if bitcoin continue berovolusi according to the times and user trust and continue to use bitcoin, then there will be no other cryptocurrency which will replace the bitcoin

The trust of the people on bitcoin is continuously increasing and therefore they are putting investing their assets in bitcoin and that is the reason that the price of bitcoin is increasing rapidly, hope that the trend of increasing the price of bitcoin will continue for a long time. As long as people keep their trust bitcoin will never get replaced.

yeah offcourse people started to trust bitcoin a lot. But who knows what will happen tomorrow. Bitcoin is such a currency where there is no support. Its growth is in purely common man's trust, thats it. Just imagine if some one tries to hack a exchange or something similar to that happen then people will stop trusting bitcoin and their focus will shift from bitcoin to other altcoins. You cannot say that type of activities will not happen . anytime it can happen. Otherwise its not that easy for other altcoins to replace bitcoins in my opinion.

ged00u

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Quote from: lOvE mE forEvEr on January 21, 2017, 10:10:21 AM

I think it is difficult and near impossible, when people talk cryptocurrency, then they will know bitcoin. I also know that there are many altcoin the technology side is better than bitcoin, but because bitcoin is first then it will not be replaced.

I do think it's difficult for any cryptocurrencies to take over the place of bitcoin but I don't assume that this is impossible. And there are literally nothing predictable in this crypto world, especially when it comes to bitcoin. It's not gonna happen now for sure, but after a few years or even decades, things won't be the same anymore and so does bitcoin.

Blitzboy

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Quote from: lOvE mE forEvEr on January 21, 2017, 10:10:21 AM

I think it is difficult and near impossible, when people talk cryptocurrency, then they will know bitcoin. I also know that there are many altcoin the technology side is better than bitcoin, but because bitcoin is first then it will not be replaced.

Well I don't suppose that bitcoin is not going to be replaced by any other cryptocurrency but who knows what will happen. I know it's the leader in the crypto coins world and according to its statistic right now, it seems to be impossible for such a thing to happen. But maybe as time passes by, things will change and new generations will take place and it's unstoppable. So it's hard to say anything.

Senor.Bla

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Quote from: TastyChillySauce00 on January 22, 2017, 03:28:07 AM

Quote from: Senor.Bla on January 21, 2017, 06:31:44 AM

Quote from: Mr.ExtraOrdinary on January 21, 2017, 05:53:51 AM

Right now, I can't see how it is a possibility. Every single altcoin depends on Bitcoin. But maybe in the future, after some upgrades, a new coin will rise and surpass Bitcoin. Maybe a rise-only coin that you can sell whenever you want? People would surely invest in a coin like that especially if it's rising exponentially.

Can you explain how every altcoin depends on Bitcoin? Because this is not true. Also a rise only coin, especially one with an exponentially rising, is not possible with the possibility of selling at anytime.

Saying every altcoin depends on bitcoin is not right I guess, but, majority of those altcoins use bitcoin as a currency of payment in their ICO or crowdfunding, therefore bitcoin have given a big effect to those altcoins and bitcoin will be always used if it's about cryptocurrency.

So altcoins are not really depending on Bitcoin, they are cooperating. Because if the were depending on Bitcoin they would die if Bitcoin would die. Right now they would only change the exchange/Payment-partner when Bitcoin would die. So they are not depended. To deals with Bitcoin makes sense since it is right now the number one crypto, but this is not a dependency.

TastyChillySauce00

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Quote from: Fireblade on January 21, 2017, 11:59:57 AM

Quote from: lOvE mE forEvEr on January 21, 2017, 10:10:21 AM

I think it is difficult and near impossible, when people talk cryptocurrency, then they will know bitcoin. I also know that there are many altcoin the technology side is better than bitcoin, but because bitcoin is first then it will not be replaced.

i think a time will come when bitcoin will be the first priority of the people to use, and not only for the online purpose but in real life also. if we analyse the bitcoin and other crypto currencies we can come to the conclusion that still bitcoin is the number one currency of the world, and hope that bitcoin will continue its status for ever.

Not number one currency in the world but, number one cryptocurrency in the world

Quote from: Senor.Bla on January 21, 2017, 06:31:44 AM

Quote from: Mr.ExtraOrdinary on January 21, 2017, 05:53:51 AM

Right now, I can't see how it is a possibility. Every single altcoin depends on Bitcoin. But maybe in the future, after some upgrades, a new coin will rise and surpass Bitcoin. Maybe a rise-only coin that you can sell whenever you want? People would surely invest in a coin like that especially if it's rising exponentially.

Can you explain how every altcoin depends on Bitcoin? Because this is not true. Also a rise only coin, especially one with an exponentially rising, is not possible with the possibility of selling at anytime.

Saying every altcoin depends on bitcoin is not right I guess, but, majority of those altcoins use bitcoin as a currency of payment in their ICO or crowdfunding, therefore bitcoin have given a big effect to those altcoins and bitcoin will be always used if it's about cryptocurrency.

ReLieD

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Looking at the present growth percentage of bitcoin , it is probably impossible for any other crypto currency to overtake bitcoins .
It all depends on its users . If they find any other crypto currency to be profitable they will start investing in that crytpo currency .
But that seems to be a hypothetical situation . Bitcoin has never ever let down its users . When the prices fall down , many people
buy bitcoins and when the prices are up again , they sell it . This way they make huge profits. Also , here there are signature campaigns
that pay people for advertising their firm.
This way Bitcoin users earn sufficient amount , making them love bitcoin.
As long as people trust and love bitcoin , no other crypto currency can ever over take or overcome bitcoin.

Fireblade

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Quote from: lOvE mE forEvEr on January 21, 2017, 10:10:21 AM

I think it is difficult and near impossible, when people talk cryptocurrency, then they will know bitcoin. I also know that there are many altcoin the technology side is better than bitcoin, but because bitcoin is first then it will not be replaced.

i think a time will come when bitcoin will be the first priority of the people to use, and not only for the online purpose but in real life also. if we analyse the bitcoin and other crypto currencies we can come to the conclusion that still bitcoin is the number one currency of the world, and hope that bitcoin will continue its status for ever.

SolarFlareProject

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IMO bitcoin will not be replaced because nowadays is well established and radicated, then otherwise there will be another altcoin more innovative or secure and reliable (and that's looks hard) bitcoin will have long life.
Also other coins like ETH or Monero have a good reputation, there are still under the power of Bitcoin, and that's means a lot...

Bitcotalk

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Quote from: lOvE mE forEvEr on January 21, 2017, 10:10:21 AM

I think it is difficult and near impossible, when people talk cryptocurrency, then they will know bitcoin. I also know that there are many altcoin the technology side is better than bitcoin, but because bitcoin is first then it will not be replaced.

I am also seeing that people who want to invest in crypto currency first know about bitcoin and after that when they spend more time they come to know about other coins and then they only for the purpose of trade adopt other coins and if that situation will continue none of the coin will get the place of bitcoin.

crwth

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Quote from: Jasad on January 21, 2017, 10:32:21 AM

Quote from: lOvE mE forEvEr on January 21, 2017, 10:10:21 AM

I think it is difficult and near impossible, when people talk cryptocurrency, then they will know bitcoin. I also know that there are many altcoin the technology side is better than bitcoin, but because bitcoin is first then it will not be replaced.

yuppp that's true , i have an experience when i am asking for a buyer to pay me on dogecoin ,
but he just respond nothing and say have no idea bout it ,
common people only know bitcoin , why? of course it is more popular ,
so if there will be another crypto replace bitcoin , it should be become popular more than bitcoin.

Bitcoin is more popular because it's the first and best cryptocurrency. It's the father of all cryptocurrency. It won't be easy to replace and people are going to know about altcoins because of this forum. Some people who just use bitcoin because of the way of transaction works. It's awesome but not everyone wants to learn about new things.

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