Will Bitcoin be replaced by another cryptocurrency? - page 168.

el kaka22

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Quote from: shinratensei_ on January 03, 2017, 07:29:27 PM

Quote from: cryp24x on January 03, 2017, 01:52:27 PM

Quote from: marcuslong on January 03, 2017, 12:27:13 PM

Quote from: Akichan304 on January 03, 2017, 10:48:54 AM

There have been a lot of other alt currencies, but don't seem to have what Bitcoin does. I think down the road potentially, but as of now the focus seems to be on how to make Bitcoin better, safer and more accessible. We're pretty bullish on it.

They can't be bitcoin if bitcoin will be died and it will never replace by other cryptocurrencies because i think that bitcoin is the father of all alternative coins if theres no bitcoin it will be worthless for those altcoins. Bitcoin is good and very expensive to be change Tongue

This discussion has nothing to do about being the father of all cryptocurrency, but the usage and effectiveness of Bitcoin with regards to economic and technical use.

That's right, although there are some factors in bitcoin has made it less in his efficiency and effectivity. like validating the transaction. different with the bank there is some high trust for validating the transaction in bitcoin all of the nodes are same. That's will take more to validation the transaction. and this makes less in his efficiency. but this was preventing about the intervention from the parties.

It would definitely take an amazing new set of features to replace Bitcoin as the top cryptocurrency in the world.

But it’s important to remember that bitcoin can add new features when they prove to be popular with other altcoins.
The only real possible scenario where an altcoin could overtake Bitcoin is if there is some serious flaw in the code that basically causes bitcoin to stop working.

Senor.Bla

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Quote from: Johansson6 on January 04, 2017, 10:44:37 PM

Nope this is not gonna happen, I have no doubts about the fact that the bitcoin stays the strongest one because its the biggest and also the most known and profitable one.

Why are exchanges not exclusively Bitcoin anymore? Why is the portion of Bitcoin in the "All Crypto Market Cap" getting smaller and smaller? Is it because Bitcoin is getting stronger or is it because some altcoins are starting to replace Bitcoin?

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Nope this is not gonna happen, I have no doubts about the fact that the bitcoin stays the strongest one because its the biggest and also the most known and profitable one.

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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?

i think yes. Nothing is gonna be forever. bitcoin maybe will hit $10.000 someday.
But still not forever, some people in this world will make an coin with chance to replace bitcoin.

Positid

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Quote from: fuathan on January 04, 2017, 09:04:16 PM

There should be another thing -architecture, distribution system, algorithm, technology etc.- that overcome bitcoin technology.

The majority of the cryptocurrencies are a little tweak of the bitcoin architecture.

So the answer is no.

We can't be confident with that as the adopters has the final say always, it's not the system alone, it's the trust that matters. When people loses trust to bitcoin, they can transfer that trust to altcoins.

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There should be another thing -architecture, distribution system, algorithm, technology etc.- that overcome bitcoin technology.

The majority of the cryptocurrencies are a little tweak of the bitcoin architecture.

So the answer is no.

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Quote from: Rizky Aditya on January 04, 2017, 03:01:38 AM

Quote from: virasog on January 03, 2017, 09:13:58 AM

Quote from: al0729 on January 01, 2017, 05:18:17 AM

naaaaaa . bitcoin cant replace by any other cryptocurrency . if ever they can replace bitcoin , its ok bitcoin has done to it .

Maybe Yes, and maybe No too, because we cannot predict on how long the bitcoin will rise and low and we do not know if somebody will do another coin and hit the high price as bitcoin does but then I guess it would be hard to beat bitcoin now because it is so in good condition and being known world wide.

I really doubt that Bitcoin will be replaced by another cryptocurrency, but anything could happen. There is no way to predict what is going to happen and it would take a really long time for another coin to just get near the price Bitcoin is at now.

Yeah,the only case it can happen really fast if another crypto cathes the fire BTC is on now and is so good that it really takes BTC's place.If you ask is it possible I would say yesh but it has to be really unique and to be better than BTC in a lot of ways and if that happens,we can be sure that another crypto can take BTC's place.What would be the experience of that happening and seeing the rise of a new crypto,pretty great

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Quote from: virasog on January 03, 2017, 09:13:58 AM

Quote from: al0729 on January 01, 2017, 05:18:17 AM

naaaaaa . bitcoin cant replace by any other cryptocurrency . if ever they can replace bitcoin , its ok bitcoin has done to it .

Maybe Yes, and maybe No too, because we cannot predict on how long the bitcoin will rise and low and we do not know if somebody will do another coin and hit the high price as bitcoin does but then I guess it would be hard to beat bitcoin now because it is so in good condition and being known world wide.

I really doubt that Bitcoin will be replaced by another cryptocurrency, but anything could happen. There is no way to predict what is going to happen and it would take a really long time for another coin to just get near the price Bitcoin is at now.

Senor.Bla

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Quote from: Jankar on January 04, 2017, 01:54:20 AM

BlockChain technology today is used in different areas of life, not only money transferring. So I think till the technology is living bitcoin will live too.

But you do realize that you could have a Block Chain without Bitcoin. Bitcoin uses it like anyone else can. You are saying something like if cars a still used then a certain brand is still there to be used. This might be the case, but it is not certain.

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Quote from: rajasumi3 on December 08, 2016, 12:36:33 PM

because of th hard fork it is very unlikely that bitcoins will be replaced by any other cryptocurrency .this is not going to happen in the future run .well it may rise more than bitcoins but i think it will be for a few amount of time .i the last bitcoins will always rule the world.

Totally agree.Bitcoin is too strong to be replaced by any other cryptocurrency.Bitcoin already exists for some good years and I think it will have a very long life.Bitcoin is the king and I think if Bitcoin vanishes the other cryptocurrencies will disappear too,because there will be no more trust in cryptocurrencies.Anyway,I don't think Bitcoin will disappear,because has too many "followers".

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BlockChain technology today is used in different areas of life, not only money transferring. So I think till the technology is living bitcoin will live too.

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The thing is that Bitcoin was about transferring wealth from one party to another without a central body being involved, if someone say place 10,000 bitcoins on the market the market would be completely gone, back to 1 cent. The market cap is nothing without the Fiat backing. There would be less than 1 million users of BTC out of a would population of more than 7 billion.

Block Chain technology is were the money lays, if say a multi national bank decided that they would promise $1 for a coin that still pays people by the way of fees to compute the transactions it would win hands down as it would be more usable hands down.

tusziget

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I don't think that Bitcoin will be replaced.It is a slight chance for that to happen.Anyway,not in the near future.Bitcoin is getting stronger day by day.

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Quote from: mikehersh2 on January 03, 2017, 07:19:04 PM

Bitcoin is and almost always has been the king of crypto-currencies. Unless something goes drastically wrong, I see nothing surpassing it.

Many are also calling it as the father of all crypto's so basically when a crypto has a title like that. It is very impossible that it will be ever replaced by another crypto, I will believe if that will be replaced by a government controlled digital money but if we are talking about another crypto. I doubt it that bitcoin will be replaced.

The definition of replacement for me is when we transfer our interest with other currency, and we know the government cannot make a similar currency like bitcoin because of the contradicting factor which is the decentralization and centralization.

if ever bitcoin loses it's popularity, what will happen is that people will patronize an altcoins and the crypto world will still live progressively.

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Quote from: cryp24x on January 03, 2017, 01:52:27 PM

Quote from: marcuslong on January 03, 2017, 12:27:13 PM

Quote from: Akichan304 on January 03, 2017, 10:48:54 AM

There have been a lot of other alt currencies, but don't seem to have what Bitcoin does. I think down the road potentially, but as of now the focus seems to be on how to make Bitcoin better, safer and more accessible. We're pretty bullish on it.

They can't be bitcoin if bitcoin will be died and it will never replace by other cryptocurrencies because i think that bitcoin is the father of all alternative coins if theres no bitcoin it will be worthless for those altcoins. Bitcoin is good and very expensive to be change Tongue

This discussion has nothing to do about being the father of all cryptocurrency, but the usage and effectiveness of Bitcoin with regards to economic and technical use.

That's right, although there are some factors in bitcoin has made it less in his efficiency and effectivity. like validating the transaction. different with the bank there is some high trust for validating the transaction in bitcoin all of the nodes are same. That's will take more to validation the transaction. and this makes less in his efficiency. but this was preventing about the intervention from the parties.

mikehersh2

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Bitcoin is and almost always has been the king of crypto-currencies. Unless something goes drastically wrong, I see nothing surpassing it.

Superways

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Quote from: marcuslong on January 03, 2017, 12:27:13 PM

Quote from: Akichan304 on January 03, 2017, 10:48:54 AM

There have been a lot of other alt currencies, but don't seem to have what Bitcoin does. I think down the road potentially, but as of now the focus seems to be on how to make Bitcoin better, safer and more accessible. We're pretty bullish on it.

They can't be bitcoin if bitcoin will be died and it will never replace by other cryptocurrencies because i think that bitcoin is the father of all alternative coins if theres no bitcoin it will be worthless for those altcoins. Bitcoin is good and very expensive to be change Tongue

You have a good point Bitcoin can never be replaced by any other currency no matter howuch an altcoin get success if someone think that that Bitcoin will go down and another coin will come in its place then they are wrong because when people come to know that Bitcoin was unable to survive then no one will ever believe on crypto currencies so it is compulsory to work for Bitcoin for its size cess

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Quote from: Gameroid on January 03, 2017, 04:55:14 PM

Quote from: Weatherby on January 03, 2017, 05:03:06 AM

Quote from: drwtsn32 on January 03, 2017, 04:05:59 AM

It's like the chances of survival has gone even lower for the altcoins to be able to take over the king (bitcoin).
Nowadays, my answer is a big NO. It will not be replaced by any cryptocurrency as of the moment.
Though it is either a good or a bad news because as an ordinary bitcoin user, the rise was beneficial for me. I don't know for the side of the altcoin owners.

If the price of bitcoin is to go down i am sure all the coins will fail without any doubt because the entire crypto currency market is modeled around bitcoin and its success and if one bubble break the entire bubble bursts.

First bitcoin is not going down so much, the market can only take a little correction and after that it has to boost again, but is not going to crash ans i think the other coins have no such much concern with bitcoin, as they have their own status and value and not depending on bitcoin,

in 2013 it was not just a "little correction" Grin

it was a big slap in the face

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bitcoin is very much popular and stronger currency and a huge number of people are adopting bitcoin day by day and we know that bitcoin is available in everywhere for online shopping and there is a lot service on bitcoin and many people using bitcoin as their regular currency so i do not think that bitcoin will be replace by another currency.

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Quote from: Weatherby on January 03, 2017, 05:03:06 AM

Quote from: drwtsn32 on January 03, 2017, 04:05:59 AM

It's like the chances of survival has gone even lower for the altcoins to be able to take over the king (bitcoin).
Nowadays, my answer is a big NO. It will not be replaced by any cryptocurrency as of the moment.
Though it is either a good or a bad news because as an ordinary bitcoin user, the rise was beneficial for me. I don't know for the side of the altcoin owners.

If the price of bitcoin is to go down i am sure all the coins will fail without any doubt because the entire crypto currency market is modeled around bitcoin and its success and if one bubble break the entire bubble bursts.

First bitcoin is not going down so much, the market can only take a little correction and after that it has to boost again, but is not going to crash ans i think the other coins have no such much concern with bitcoin, as they have their own status and value and not depending on bitcoin,

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