Will Bitcoin be replaced by another cryptocurrency? - page 171.

Senor.Bla

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Quote from: X7 on January 01, 2017, 05:00:44 AM

There are multiple fiat currencies which should be considered obsolete, but the demand by varying people/nations to use it though it is easily replaceable remains intact.

A similar situation would arise should another more loving currency evolve in the digital scene for example, bitcoin would still have it's place given the momentum and investment it has already had in it's relatively short life span.

That is surely true. You can understand this question in two ways. 1. Will Bitcoin evolve and have quite a different code and features and even hard forks, but will still be called Bitcoin. 2. A new Altcoin will replace Bitcoin as the leader of Crypto.
In both instances Bitcoin will have its users even if it is obsolete. Even if it crashes completely. There will be collectors.

Elismon

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I think it's very hard to replace bitcoin with another crypto currency.
all people over the world have know much more about bitcoin and now it's a popular crypto currency for payment.
and in the near future , bitcoin will be a central digital currency for payment, transactions, and holding as safe assests.

X7

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There are multiple fiat currencies which should be considered obsolete, but the demand by varying people/nations to use it though it is easily replaceable remains intact.

A similar situation would arise should another more loving currency evolve in the digital scene for example, bitcoin would still have it's place given the momentum and investment it has already had in it's relatively short life span.

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Quote from: deppil on January 01, 2017, 02:38:05 AM

Quote from: dotajhay on January 01, 2017, 12:58:23 AM

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 it doesn't because bitcoin is the primary currency of the other alternative coins and the bitcoin will not be prevent the price of being higher and higher maybe the other coins will become bigger than bitcoins in the future but it will not make the reason to be the bitcoins to remove.

I think even if other coin keeps coming back and may have better technology and sophisticated than bitcoin, but if the user continues to believe in bitcoin. it will be difficult for bitcoin to be replaced

I agree, if many people still demands for bitcoin even if there is a better crypto than that bitcoin will not be easily replaced. But if they find that the crypto that is even greater than bitcoin has more better features than bitcoin, then bitcoin will slowly die and people will switch to that crypto until bitcoin will be worthless and replaced by that crypto.

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Quote from: dotajhay on January 01, 2017, 12:58:23 AM

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 it doesn't because bitcoin is the primary currency of the other alternative coins and the bitcoin will not be prevent the price of being higher and higher maybe the other coins will become bigger than bitcoins in the future but it will not make the reason to be the bitcoins to remove.

I think even if other coin keeps coming back and may have better technology and sophisticated than bitcoin, but if the user continues to believe in bitcoin. it will be difficult for bitcoin to be replaced

dotajhay

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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 it doesn't because bitcoin is the primary currency of the other alternative coins and the bitcoin will not be prevent the price of being higher and higher maybe the other coins will become bigger than bitcoins in the future but it will not make the reason to be the bitcoins to remove.

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Quote from: Farma on January 01, 2017, 12:14:16 AM

so true. I also thought that it would be a competitor for bitcoin, and eth prices had also skyrocketed. but, it did not last long, and when it becomes dimmed. I believe bitcoin will remain the coin of the first, and will be the best coins. I still doubt if there altcoin were able to offset bitcoin or not. altcoin always dimmed when there is a new altcoin, which has a high popularity.

As long as those alternate cryptocurrencies weren't too counting on bitcoin on its every aspects such as ICO, Value of the coin, much more inside its project then it could surpass and probably take over the first place beating bitcoin. Otherwise, it's not going to be happening. this tradition already continued from a few years ago, now it's proven none of them could take over the first place, it's really clear.

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Quote from: BeGoods on December 31, 2016, 11:58:32 PM

Quote from: delliaerd on December 31, 2016, 08:03:36 PM

Quote from: MicroGuy on December 31, 2016, 05:04:46 PM

Quote from: Jafri101 on December 29, 2016, 07:37:26 PM

Bitcoin's price is flying and rising with rocket speed.. i think bitcoin will survive always as the leader while it may have competitor but i think bitcoin is the most expensive and most well-known coin in crypto currencies. So it will stay as it is..

Bitcoin will always be the original cryptocurrency, but it's highly unlikely to remain in its dominant position.

Most likely over the coming decades it will be surpassed by others. This is part of the healthy and natural evolution of the protocol.

Those reason that you two texted is correct, I am agree with that. Even ETH is attracts sime people but the amount of the transaction is still lower than bitcoin. So many countries were regulated bitcoin as currency, thats mean they thrust to bitcoin. I am sure more countries will follow them. Bitcoin is the original one and other cryptocurrency is only the alternative.

ETH even previously predicted will be a tough competitor for bitcoin is precisely at this time its popularity has begun to dim, the popularity altcoin only temporary
bitcoin will continue to be the main cryptocurrency, the key is in users

so true. I also thought that it would be a competitor for bitcoin, and eth prices had also skyrocketed. but, it did not last long, and when it becomes dimmed. I believe bitcoin will remain the coin of the first, and will be the best coins. I still doubt if there altcoin were able to offset bitcoin or not. altcoin always dimmed when there is a new altcoin, which has a high popularity.

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Quote from: delliaerd on December 31, 2016, 08:03:36 PM

Quote from: MicroGuy on December 31, 2016, 05:04:46 PM

Quote from: Jafri101 on December 29, 2016, 07:37:26 PM

Bitcoin's price is flying and rising with rocket speed.. i think bitcoin will survive always as the leader while it may have competitor but i think bitcoin is the most expensive and most well-known coin in crypto currencies. So it will stay as it is..

Bitcoin will always be the original cryptocurrency, but it's highly unlikely to remain in its dominant position.

Most likely over the coming decades it will be surpassed by others. This is part of the healthy and natural evolution of the protocol.

Those reason that you two texted is correct, I am agree with that. Even ETH is attracts sime people but the amount of the transaction is still lower than bitcoin. So many countries were regulated bitcoin as currency, thats mean they thrust to bitcoin. I am sure more countries will follow them. Bitcoin is the original one and other cryptocurrency is only the alternative.

ETH even previously predicted will be a tough competitor for bitcoin is precisely at this time its popularity has begun to dim, the popularity altcoin only temporary
bitcoin will continue to be the main cryptocurrency, the key is in users

delliaerd

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Quote from: MicroGuy on December 31, 2016, 05:04:46 PM

Quote from: Jafri101 on December 29, 2016, 07:37:26 PM

Bitcoin's price is flying and rising with rocket speed.. i think bitcoin will survive always as the leader while it may have competitor but i think bitcoin is the most expensive and most well-known coin in crypto currencies. So it will stay as it is..

Bitcoin will always be the original cryptocurrency, but it's highly unlikely to remain in its dominant position.

Most likely over the coming decades it will be surpassed by others. This is part of the healthy and natural evolution of the protocol.

Those reason that you two texted is correct, I am agree with that. Even ETH is attracts sime people but the amount of the transaction is still lower than bitcoin. So many countries were regulated bitcoin as currency, thats mean they thrust to bitcoin. I am sure more countries will follow them. Bitcoin is the original one and other cryptocurrency is only the alternative.

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Quote from: Jafri101 on December 29, 2016, 07:37:26 PM

Bitcoin's price is flying and rising with rocket speed.. i think bitcoin will survive always as the leader while it may have competitor but i think bitcoin is the most expensive and most well-known coin in crypto currencies. So it will stay as it is..

Bitcoin will always be the original cryptocurrency, but it's highly unlikely to remain in its dominant position.

Most likely over the coming decades it will be surpassed by others. This is part of the healthy and natural evolution of the protocol.

ytrman

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Quote from: Jafri101 on December 29, 2016, 07:37:26 PM

Bitcoin's price is flying and rising with rocket speed.. i think bitcoin will survive always as the leader while it may have competitor but i think bitcoin is the most expensive and most well-known coin in crypto currencies. So it will stay as it is..

Yeah and the only coin I saw with the potential of bitcoins was ethereum but anyways its just another successor of bitcoins and in no way dominate bitcoins because its over is determined by bitcoins and obviously its impossible to overshadow bitcoins.

R3ffun

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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 do not think so , all cryptocurrency centered by bitcoin and all alt coin stay rule bitcoin..

hajimasan

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Quote from: tee-rex on December 31, 2016, 07:54:50 AM

Quote from: naidray on December 30, 2016, 04:46:25 PM

Quote from: Jafri101 on December 29, 2016, 07:37:26 PM

Bitcoin's price is flying and rising with rocket speed.. i think bitcoin will survive always as the leader while it may have competitor but i think bitcoin is the most expensive and most well-known coin in crypto currencies. So it will stay as it is..

With the bitcoin becoming more expensive and harder to mine, people who are new to it find it very difficult to get their hands on it, especially if they don’t have the money for it, so their option is to switch to other crypto currencies and try to mine those and then hopefully exchange them into bitcoin, but that does not mean that they will replace bitcoin.

How is it more difficult to get your hands on Bitcoin if you can still buy as little as a few dollars' worth of bitcoins? Of course, you will have to shell out for almost a thousand dollars if you want a whole bitcoin, but you can easily buy only 0.001 of that amount. If you are going to buy altcoins, I don't think it would be any different since you would again have to spend the same fiat money.

Here is a big thing to think that in the Bitcoin market there is no one official owner of BTC , So it is possible that one can make own coin by investment of huge amount of money and then he will say here in this coin I am owner but in bitcoin who is owner and where you will go if any problem take with you regarding bitcoin .
In this way probability of replacing coin by other new coin is seems to possible .

tee-rex

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Quote from: naidray on December 30, 2016, 04:46:25 PM

Quote from: Jafri101 on December 29, 2016, 07:37:26 PM

Bitcoin's price is flying and rising with rocket speed.. i think bitcoin will survive always as the leader while it may have competitor but i think bitcoin is the most expensive and most well-known coin in crypto currencies. So it will stay as it is..

With the bitcoin becoming more expensive and harder to mine, people who are new to it find it very difficult to get their hands on it, especially if they don’t have the money for it, so their option is to switch to other crypto currencies and try to mine those and then hopefully exchange them into bitcoin, but that does not mean that they will replace bitcoin.

How is it more difficult to get your hands on Bitcoin if you can still buy as little as a few dollars' worth of bitcoins? Of course, you will have to shell out for almost a thousand dollars if you want a whole bitcoin, but you can easily buy only 0.001 of that amount. If you are going to buy altcoins, I don't think it would be any different since you would again have to spend the same fiat money.

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Quote from: Japinat on December 29, 2016, 08:48:58 PM

Quote from: Twilight Equinox on December 29, 2016, 07:55:20 PM

I doubt it'll be replaced. The most I'm guessing that will happen would be inflation in the market, and some other cryptocurrency rise above the value of bitcoins for the time being, but bitcoins would still take 1st place on the average in terms of value

The future is certainly beyond our control, time will come and if that happens I believe Ethereum will take place as the top Altcoins to replace bitcoin as IMO it's the most population altcoin now. I even invest now since the price is very low and I have witnessed it has gone up BTC0.03 +.

Ethereum is a clear opposite of bitcoin, as when the price of bitcoin increases ETH drops, so the failure of bitcoin will be its success.

All altcoins are typically falling in BTC when Bitcoin rises

So there is absolutely no reason to think that if Bitcoin fails at the end of the day, it will be success for Ethereum, or any other altcoin for that matter. People were telling basically the same through years after first altcoins emerged. Litecoin, Ripple, BitShares, and now Ethereum which is hyped to be a Bitcoin successor. In a year or so, when everyone forgets about it, a new killer altcoin will certainly spring up, only to end up as ingloriously as all previous endeavors at dethroning Bitcoin ended

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Quote from: Senor.Bla on December 30, 2016, 05:24:41 PM

Quote from: ruselbd on December 30, 2016, 04:50:59 PM

Nothing is inconceivable, yet it is a hard occupation to supplant bitcoin by whatever other crypto coin on the grounds that bitcoin is pioneer in the crypto world. Bitcoin demonstrated the world what crypto coin is.

So it won't be a simple undertaking to supplant the pioneer. Yet, you never know.

Bitcoin was the first Cryptocoin that was really usable, so many see it as the first one. But many companies that can count as the pioneers were later surpassed by an innovator that was better. This usually can take some years because of the head start of the pioneer, so i think it is possible.

Like it's important to support bitcoin because we make bitcoin a success, it's not own by a company or a certain group and it's clear that we want to use it as evidenced by the progressive price of bitcoin.

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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?

for me i think its impossible but who knows
maybe when bitcoin stop confirming transaction or get some problem
but as long as its keep working it really impossible

Senor.Bla

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Quote from: ruselbd on December 30, 2016, 04:50:59 PM

Nothing is inconceivable, yet it is a hard occupation to supplant bitcoin by whatever other crypto coin on the grounds that bitcoin is pioneer in the crypto world. Bitcoin demonstrated the world what crypto coin is.

So it won't be a simple undertaking to supplant the pioneer. Yet, you never know.

Bitcoin was the first Cryptocoin that was really usable, so many see it as the first one. But many companies that can count as the pioneers were later surpassed by an innovator that was better. This usually can take some years because of the head start of the pioneer, so i think it is possible.

ruselbd

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Nothing is inconceivable, yet it is a hard occupation to supplant bitcoin by whatever other crypto coin on the grounds that bitcoin is pioneer in the crypto world. Bitcoin demonstrated the world what crypto coin is.

So it won't be a simple undertaking to supplant the pioneer. Yet, you never know.

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