Will Bitcoin be replaced by another cryptocurrency? - page 166.

sportis

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Quote from: Xester on January 17, 2017, 09:08:30 AM

Quote from: romero121 on January 17, 2017, 06:58:28 AM

Bitcoin is the only digital currency that's been continuously getting more acceptance and usage by people around the world compared to other altcoins. Also several countries are with plans to make their own digital currency based upon bitcoin which shows that it is highly potential and won't be replaced by other digital currency.

I just hope that what you said is true. But it is not the alternative coins in the cryptocurrency market that will steal the show from bitcoin but it is the fiat digital currency. If somehow bitcoins will survive the possible threat that these fiat virtual currency will bring then thats the time that bitcoin has proven that its a currency that can never be replaced.

I strongly agree with Xester's opinion. Bitcoin nowadays has nothing to fear from other cryptocurrencies because is the pioneer and most people know only this and no other coins. The real rival are the fiat digital currencies many countries like as UK, China, Russia are experimenting using a form of centralized blockchain technology. Moreover some countries legalize bitcoin, USA and recently Israel, not as currency but as property what ever that means. Goverments and banks till now they keep a 'wait and see' strategy but will not forever cross the fingers waiting the end.

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Quote from: numismatist on January 17, 2017, 11:02:02 AM

Quote from: Daybreaker on January 17, 2017, 10:44:34 AM

I'll stay in bitcoin because its impossible that bitcoin can be replace by another altcoin or any crypto currency bitcoin is unique almost the other there are just clone of bitcoin.. for safety stay in bitcoin

Just turn this around! Its impossible that bitcoin can replace FIAT, which somehow still seems to be the silent dream of many participants.

Says who? It used to be thought impossible to put a man on the moon.

numismatist

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Quote from: Daybreaker on January 17, 2017, 10:44:34 AM

I'll stay in bitcoin because its impossible that bitcoin can be replace by another altcoin or any crypto currency bitcoin is unique almost the other there are just clone of bitcoin.. for safety stay in bitcoin

Just turn this around! Its impossible that bitcoin can replace FIAT, which somehow still seems to be the silent dream of many participants.

Daybreaker

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Quote from: Qunenin on January 17, 2017, 09:42:31 AM

Quote from: BigBos on January 16, 2017, 02:22:08 PM

Quote from: Munna98 on January 06, 2017, 10:48:36 PM

yes it will surely going to happen. but ithink bitcoin will last another 2 or 3 or even 5 years. as you see claiming free bitcoin becoming harder day by day and the price became unstable from last 2 years, so people starting to looking some another cryptocurrency.so bitcoin replacement will surely gonna happen.

I doubt about it. today bitcoin has gone into all the world, and the world began to recognize bitcoin. it not only makes bitcoin has a high price, but, bitcoin also gain trust from the public. it has to be better than the other cryptocurrency. even, bitcoin takes a long time to shine.

There is no altcoin which is even near the value of Bitcoin. This clearly states that No Crypto currency can even come close to bitcoins. Bitcoins can only be beaten if there is a serious flaw is found is block-chain which is unlikely to happen.

I'll stay in bitcoin because its impossible that bitcoin can be replace by another altcoin or any crypto currency bitcoin is unique almost the other there are just clone of bitcoin.. for safety stay in bitcoin

President79

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Quote from: Invincible on January 06, 2017, 10:14:34 AM

Bitcoin will never be replaced there's simply no expedient or sensible reason for it

Good reason, I think not possible, will never there state make bitcoin as currency official replace the currency today. This is because the country needs to be able to control the full currency, so if there is a problem can quickly policy.

Qunenin

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Quote from: BigBos on January 16, 2017, 02:22:08 PM

Quote from: Munna98 on January 06, 2017, 10:48:36 PM

yes it will surely going to happen. but ithink bitcoin will last another 2 or 3 or even 5 years. as you see claiming free bitcoin becoming harder day by day and the price became unstable from last 2 years, so people starting to looking some another cryptocurrency.so bitcoin replacement will surely gonna happen.

I doubt about it. today bitcoin has gone into all the world, and the world began to recognize bitcoin. it not only makes bitcoin has a high price, but, bitcoin also gain trust from the public. it has to be better than the other cryptocurrency. even, bitcoin takes a long time to shine.

There is no altcoin which is even near the value of Bitcoin. This clearly states that No Crypto currency can even come close to bitcoins. Bitcoins can only be beaten if there is a serious flaw is found is block-chain which is unlikely to happen.

machinek20

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Quote from: burner2014 on January 17, 2017, 09:21:23 AM

I've been more 2 years here in bitcoin industry and never in my entire life that I thought of the chance that bitcoin will replace by other cryptocurrency.
Bitcoin has a great impact in our life and economy no one would just come and replace the king. But, I believe there would really a rivalry between crytocurrency in the coming months.

There is possibility to be replaced but not for now, and it is getting difficult for other coin to beat down bitcoin because alt coin user is widely spread, so it becomes weak, so bitcoin still will become king of crypto for a long time

Arvydas77

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Quote from: burner2014 on January 17, 2017, 09:21:23 AM

I've been more 2 years here in bitcoin industry and never in my entire life that I thought of the chance that bitcoin will replace by other cryptocurrency.
Bitcoin has a great impact in our life and economy no one would just come and replace the king. But, I believe there would really a rivalry between crytocurrency in the coming months.

Why not? There are many reasons that Bitcoin could be replaced by another cryptocurrency in daily usage. But it is just a two sides of a coin. Bitcoin will remain as a store of value and because of that people will continue to invest in Bitcoin. But for daily use other cryptocurrencies are more suitable. In this case analogy with gold is very appropriate. Who uses gold today for daily transactions? People are using fiat currencies (in cash or in e-currency form). But gold remained as store of value. The same could happen with BTC in the future. It will remain prestigious as a world first cryptocurrency but someone will tkae the lead in daily usage.

burner2014

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I've been more 2 years here in bitcoin industry and never in my entire life that I thought of the chance that bitcoin will replace by other cryptocurrency.
Bitcoin has a great impact in our life and economy no one would just come and replace the king. But, I believe there would really a rivalry between crytocurrency in the coming months.

Xester

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Quote from: romero121 on January 17, 2017, 06:58:28 AM

Bitcoin is the only digital currency that's been continuously getting more acceptance and usage by people around the world compared to other altcoins. Also several countries are with plans to make their own digital currency based upon bitcoin which shows that it is highly potential and won't be replaced by other digital currency.

I just hope that what you said is true. But it is not the alternative coins in the cryptocurrency market that will steal the show from bitcoin but it is the fiat digital currency. If somehow bitcoins will survive the possible threat that these fiat virtual currency will bring then thats the time that bitcoin has proven that its a currency that can never be replaced.

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Quote from: Ipwich on January 17, 2017, 06:45:03 AM

Definitely not, it is pioneer when it comes to cryptocurrency.I don't think that someone will be as much as better as what Satoshi Nakamoto is innovated,and i think it can't be duplicated by anyone.Well,maybe it takes a matter of time if there is another cryptocurrency being introduced,but cannot replaced bitcoin.

Bitcoin is slowly being recognized all over the world and it actually needs more exposure. When that happens a lot of people will decide to use bitcoin for their transactions causing higher demand meaning higher price. I don't think that it can be overtaken easily by any other cryptocurrency but it could happen but in the far future.

romero121

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Bitcoin is the only digital currency that's been continuously getting more acceptance and usage by people around the world compared to other altcoins. Also several countries are with plans to make their own digital currency based upon bitcoin which shows that it is highly potential and won't be replaced by other digital currency.

Ipwich

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Definitely not, it is pioneer when it comes to cryptocurrency.I don't think that someone will be as much as better as what Satoshi Nakamoto is innovated,and i think it can't be duplicated by anyone.Well,maybe it takes a matter of time if there is another cryptocurrency being introduced,but cannot replaced bitcoin.

ophyrim

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I don't think bitcoin will be replaced by any other cryptocurrency. At least in the near future. In the world, 99% of the people don't know anything about bitcoin. And 50% of the people who know something about bitcoins, don't know anything about other cryptocurrencies.

BigBos

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Quote from: Munna98 on January 06, 2017, 10:48:36 PM

yes it will surely going to happen. but ithink bitcoin will last another 2 or 3 or even 5 years. as you see claiming free bitcoin becoming harder day by day and the price became unstable from last 2 years, so people starting to looking some another cryptocurrency.so bitcoin replacement will surely gonna happen.

I doubt about it. today bitcoin has gone into all the world, and the world began to recognize bitcoin. it not only makes bitcoin has a high price, but, bitcoin also gain trust from the public. it has to be better than the other cryptocurrency. even, bitcoin takes a long time to shine.

Anarchist

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I think it's too late now, bitcoin is a lot popular and it continues more and more. Replaced no, another crypto as complement, sure

ReLieD

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Before answering this , I want to ask you a question.
Can a person who is first , overtake someone?
No!
Similarly , bitcoin is the worlds best crypto currency and it can't overtake any other crypto currency except itself. Cool

Munna98

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yes it will surely going to happen. but ithink bitcoin will last another 2 or 3 or even 5 years. as you see claiming free bitcoin becoming harder day by day and the price became unstable from last 2 years, so people starting to looking some another cryptocurrency.so bitcoin replacement will surely gonna happen.

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Quote from: mrbigmugs on January 06, 2017, 06:23:17 PM

Quote from: Invincible on January 06, 2017, 10:14:34 AM

Bitcoin will never be replaced there's simply no expedient or sensible reason for it

yes i am also agree with you that bitcoin is not really going to be release by he holder.

What are you talking about, you simply do not make a post on topic which the post you quote. We are talking of possible replacement here, not release.

mrbigmugs

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Quote from: Invincible on January 06, 2017, 10:14:34 AM

Bitcoin will never be replaced there's simply no expedient or sensible reason for it

yes i am also agree with you that bitcoin is not really going to be replace by any other currency. bitcoin is the number one currency of the world and hope that it will continue and will maintain its position for ever and there will be no competitor of bitcoin in future.

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