Will Bitcoin be replaced by another cryptocurrency? - page 181.

Labumi

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Quote from: poplolnman on December 08, 2016, 04:59:39 AM

Quote from: crwth on November 25, 2016, 02:06:58 AM

The advantages of Bitcoin are truly great, knowing that advantages can be copied and improved, I think Bitcoin can be replaced but not now. We will never know what cryptocurrency will overtake it but I think it is possible. If there is really something special invented that surpasses bitcoin, it can happen.

i'm not sure, bitcoin are a big thing. and really not easy to replace a big thing like bitcoin. it may takes a lot of time, i would say never as everything could happened. but i have a strong believe bitcoin would remail on top of cryptocurrency fo long time enough from now.

You're absolutely right. bitcoin is the largest digital currencies and will only provide advantages for all of us if we have the knowledge and patience. Without the benefit of patience are expected or promised we would never get. The reason for profit in the bitcoin we must be steadfast in all things and not do something careless or something that will only give us great harm

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Quote from: crwth on November 25, 2016, 02:06:58 AM

The advantages of Bitcoin are truly great, knowing that advantages can be copied and improved, I think Bitcoin can be replaced but not now. We will never know what cryptocurrency will overtake it but I think it is possible. If there is really something special invented that surpasses bitcoin, it can happen.

i'm not sure, bitcoin are a big thing. and really not easy to replace a big thing like bitcoin. it may takes a lot of time, i would say never as everything could happened. but i have a strong believe bitcoin would remail on top of cryptocurrency fo long time enough from now.

Supercrypt

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Quote from: Westinhome on December 08, 2016, 04:20:19 AM

Quote from: billybobmaryjoe on December 06, 2016, 06:47:29 PM

Of course. Nothing last forever. People wont stop inventing. Zcash may do it

ZCash may do it. It can be used as a transparent currency like the bitcoin. It can be as anonymous as Monero.

Zcash ? I remember people did say here same thing when Dash was introduced and then ETH now Zcash. Altcoins will come and go. This is what happening since litecoin. Altcoins may serve just one particular purposes at a time and people do start forgetting them once they see new one arrives.

We can be sure that new innovative altcoins definitely will designed in upcoming days and people will adopt them and will forget them. Bitcoin will stay strong among these.

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Quote from: billybobmaryjoe on December 06, 2016, 06:47:29 PM

Of course. Nothing last forever. People wont stop inventing. Zcash may do it

ZCash may do it. It can be used as a transparent currency like the bitcoin. It can be as anonymous as Monero.

billybobmaryjoe

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Of course. Nothing last forever. People wont stop inventing. Zcash may do it

crwth

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The advantages of Bitcoin are truly great, knowing that advantages can be copied and improved, I think Bitcoin can be replaced but not now. We will never know what cryptocurrency will overtake it but I think it is possible. If there is really something special invented that surpasses bitcoin, it can happen.

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Veni, Vidi, Vici

There is not such a case for the following reasons:

Global awareness constantly growing because of confidence compare to fiat money
Signs of maturity and stability of its intense price fluctuations something which is very difficult to reach other cryptocurrencies because needs to be trusted by a big market share

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Quote from: Meladon on November 24, 2016, 03:58:00 PM

I don't think so, most people know only bitcoin.

For now maybe yes, but many developers are struggling to be able to beat the bitcoin, besides weakness widely known bitcoin so as to make the new coin is more promising.

requester

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Probably not possible because bitcoin us the father of all cryptocurrency and it has maximum market capitalization and it's not possible for other coins to achieve such position early. It might be possible but bitcoin would remain the most popular coin of all time.

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Quote from: Harlot on November 24, 2016, 07:31:01 PM

Quote from: jerowacik on November 24, 2016, 07:05:46 PM

I think it will not happen. because bitcoin is the first currency in the world of crypto.

You got that part right. In terms of market share Bitcoin is the most superior cryptocurrency in the market. Also in terms of price, Bitcoin is the most valuable virtual money out there. Even if every month there are a bunch of ICOs happening claiming that they are better than Bitcoin, it can't beat it as they are the first one to be available in the market.

Unless another alt coins will come out of nowhere and has bigger market cap than bitcoins. Then for sure many investors will look at it.

Because as long as another alt coin will able to surpass the market cap of bitcoins that's the only way that bitcoin will be replaced.

But as of now, total market cap of bitcoin is very far from other aspiring alt coins.

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Quote from: jerowacik on November 24, 2016, 07:05:46 PM

I think it will not happen. because bitcoin is the first currency in the world of crypto.

You got that part right. In terms of market share Bitcoin is the most superior cryptocurrency in the market. Also in terms of price, Bitcoin is the most valuable virtual money out there. Even if every month there are a bunch of ICOs happening claiming that they are better than Bitcoin, it can't beat it as they are the first one to be available in the market.

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I think it will not happen. because bitcoin is the first currency in the world of crypto.

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Quote from: Shenzou on November 23, 2016, 02:49:46 PM

Probably because of the high demand

No. High demand will result in the price going higher, and thus more interesting for people to take a position into Bitcoin.

Quote from: Shenzou on November 23, 2016, 02:49:46 PM

how it became hard to mine

Mining nowadays is only for people with tens of thousands of dollars that they can invest into hardware. If that's not possible for you, then please don't bother.

Quote from: Shenzou on November 23, 2016, 02:49:46 PM

no one can buy it for its very high price

Current price might be on the higher side, but it's not that people can't afford themselves an investment into Bitcoin. Also, you don't have to force yourself to buy a whole coin as you simply can buy smaller fractions of a coin. Bitcoin is a divisible currency tool where you can split 1BTC into 100,000,000 smaller fractions (satoshis).

Quote from: Shenzou on November 23, 2016, 02:49:46 PM

maybe possible to see other alt coins taking over probably litecoin since it is the second after it

It's not 2013 anymore where Litecoin was still seen as the Silver, where Bitcoin was the Gold that people were talking about. Right now it's all Ethereum & Co that people are interested in. Litecoin isn't part of the deal anymore. It's there, but that's all you can say about it.

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Quote from: Shenzou on November 23, 2016, 02:49:46 PM

Probably because of the high demand and the high price of bitcoin and how it became hard to mine and no one can buy it for its very high price it maybe possible to see other alt coins taking over probably litecoin since it is the second after it

This is unlikely to happen. Despite having a certain level of instability, Bitcoin has made great strides in the market in recent years, and the number of users is increasing. I like some altcoins, Litecoin is a good one, but the trading volume is very low, and it does not have the same Bitcoin network effect.

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There is no end of this thread, I`m reading from beginning `till the end and if you ask me now can bitcoin be replaced with another cryptocurrency I wouldn`t know what to answer you, so many opposed comments, and seems like everyone have arguments for their say-so.
Just a lot of ramblings, few comments that gave a little insight in situation and predictions about future that have just people`s hope and nothing more. After bitcoins I can expect other miracles to show up, who knows what will happen in the future.

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Quote from: Rinder on November 24, 2016, 08:34:14 AM

Quote from: Xenophoto on November 24, 2016, 06:17:17 AM

Quote from: Dedova on November 24, 2016, 02:42:11 AM

No it doesn't make sense to believe that bitcoin will be replaced by another crypto currency

Actually it would make perfect sense once we get there. One of the biggest flaws of bitcoin is the slow transactions, if a crypto-currency successfully fixed that, then the developer of that coin can explain how did they do it. It would make sense especially to the makers of bitcoin how to fix that flaw.

There are also things that you should (potentially) be worried about like China holding the majority of bitcoins. We don't know what is their plan about it so using an altcoin for that reason makes sense.

I do agree with you, we are starting to face some problems that must be handled now, otherwise we will see people start searching for alternatives, bitcoin has potencial to grow and has the community support till the moment, but there are some altcoins with a lot potencial to reach bitcoin, replace maybe no, but instant transactions and security they are offering already, its time to invest into both altcoins as well bitcoin.

We got some problems but I do not think that the bitcoin will get replaced it got a way better future than the most altcoins and is also already going globally used so..

European Central Bank

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Quote from: South Park on November 24, 2016, 03:12:35 PM

Trust is not enough to keep a coin being the best, trust is necessary but also other things are needed since the development of bitcoin continues there is the possibility of a new and even more incredible coin to appear and to replace bitcoin.

that's about as wrong as i could possibly imagine. nothing, but nothing, happens without trust. trust outweighs any technical cleverness or hype.

trust is important enough with government backed money, every weak government tries to control the flow of their currency into dollars because they know the people trust it, not their national currency.

take away government and law, which is the case with crypto, and trust is all that stands between success and total failure. if trust is shaken then people are gonna run and not come back.

people put substantial money into alts. why? 9.8 times out of 10 it's to get more bitcoins because that's the only one they actually trust.

they trust that exchanges and merchants are gonna continue to take it. they trust that miners and developers aren't gonna screw up and fork it into infinity. they trust that the supply is fixed and even if the distribution is still awful, it's not outright crooked or mired in secrecy like so many other coins.

Meladon

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I don't think so, most people know only bitcoin.

South Park

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Quote from: rickadone on November 23, 2016, 02:41:59 PM

Quote from: MTBTT on November 22, 2016, 11:18:01 PM

Quote from: arcanaaerobics on November 20, 2016, 09:06:14 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.

Trust is not enough to keep a coin being the best, trust is necessary but also other things are needed since the development of bitcoin continues there is the possibility of a new and even more incredible coin to appear and to replace bitcoin.

GregH37

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Quote from: Taki on November 24, 2016, 02:13:17 AM

Quote from: olushakes on November 23, 2016, 03:57:24 PM

It will really be hard to say whether it will be replaced or not, time will tell but a lot of Alts have tried and failed maybe "the next big thing" can do the magic we are waiting. But in the real sense, Bitcoin has really come to stay and has maintain its position right up there and even other cryptos real value are determine in relation to the price of Bitcoin just like the USD in the FIAT world but who knows? The future is uncertain.

Yes the future will show what will happen with bitcoin. By my opinion bitcoin can join with other crypto currencies and make some one named crypto currency. I think in the case if it would be only one crypto currency the work would easy accept it, banks would start to work with it as with any other currency. Today there are many alts, some of them fall, some rise. Such not stabile situation attracts only low percent of users. And one crypto would get big popularity I think.

I hope that the future of bitcoin will be more brighter that the present time, and Yes that is a fact that bitcoin is not going to be replace by any other currency, as bitcoin is becoming more and more stronger day by day so it is not so easy for any other crypto currency to replace bitcoin.

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