Will Bitcoin be replaced by another cryptocurrency? - page 184.

Senor.Bla

sr. member

Activity: 280

Merit: 253

Quote from: clickerz on November 19, 2016, 06:33:00 AM

Quote from: Juggy777 on November 19, 2016, 06:01:56 AM

If you see the Indian market is behaving oddly, till few days back no one cared about Bitcoins and now suddenly it's demand has risen. It's selling for 900$. That to its just a fraction of the Indian market. Now imagine if 50% of the market jumped in, it will shoot btc price above the sky for sure.

There are many factors affecting the movement of bitcoin price. But, if this event in india is part of it, I am happy sice it is also good for us. India is also a big market indeed, second largest population next to China? If many people esp in india joins the bitcoin, the probability of replacing bitcoin ot another currency is low. but still possible

if you are with bitcoin for some time now, then you know this kind of story. somewhere in the world happens something and every bitcoiner is expecting the price to go through the roof. but nothing happens and we wait for the next breakthrough. in 4 weeks nobody will talk about india anymore.

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

Quote from: Juggy777 on November 19, 2016, 06:01:56 AM

If you see the Indian market is behaving oddly, till few days back no one cared about Bitcoins and now suddenly it's demand has risen. It's selling for 900$. That to its just a fraction of the Indian market. Now imagine if 50% of the market jumped in, it will shoot btc price above the sky for sure.

There are many factors affecting the movement of bitcoin price. But, if this event in india is part of it, I am happy sice it is also good for us. India is also a big market indeed, second largest population next to China? If many people esp in india joins the bitcoin, the probability of replacing bitcoin ot another currency is low. but still possible

Juggy777

hero member

Activity: 2646

Merit: 686

Quote from: Senor.Bla on November 19, 2016, 05:38:42 AM

Quote from: Juggy777 on November 19, 2016, 04:33:54 AM

Quote from: Senor.Bla on November 19, 2016, 04:26:43 AM

Quote from: Juggy777 on November 19, 2016, 03:24:04 AM

Currently if you observe the situation in the country India, you can see people are replacing their existing currency to btc. They are paying 900$ for a btc. India has a huge population and if it's accepts btc I don't think it will be able to replace that easily. I yet haven't seen any good currency as a replacement, but this time I will be buying it when it's low, was getting btc at very low prices fee years back and lost a chance

the thing with india is that it is still a long way to go. we had some number here a while ago and it was something in the range of 20,000 people in india are using bitcoin. this seems low and by indias standards is just nothing. this might change a bit, but it will take long as this is a very long way to go.

Maybe the number is not lying, as Indians are yet not completely aware of it. They yet prefer shares, gold and silver as safe investments and for trading purposes. But if you see the chart of two weeks you will see a sudden rise of it. Like suddenly they are all awake. And it's crazy. If this craze catches India alone can keep the btc world alive, considereing it's huge population but that again requires a lot of awareness.

india could be a big steeping stone for bitcoin. but this is something that will not happen overnight and india will find a solution faster then bitcoin could spread. also bitcoin could possibly not handle the volume right know that india would bring if they would push for bitcoin in full force.

If you see the Indian market is behaving oddly, till few days back no one cared about Bitcoins and now suddenly it's demand has risen. It's selling for 900$. That to its just a fraction of the Indian market. Now imagine if 50% of the market jumped in, it will shoot btc price above the sky for sure.

Senor.Bla

sr. member

Activity: 280

Merit: 253

Quote from: Juggy777 on November 19, 2016, 04:33:54 AM

Quote from: Senor.Bla on November 19, 2016, 04:26:43 AM

Quote from: Juggy777 on November 19, 2016, 03:24:04 AM

Currently if you observe the situation in the country India, you can see people are replacing their existing currency to btc. They are paying 900$ for a btc. India has a huge population and if it's accepts btc I don't think it will be able to replace that easily. I yet haven't seen any good currency as a replacement, but this time I will be buying it when it's low, was getting btc at very low prices fee years back and lost a chance

the thing with india is that it is still a long way to go. we had some number here a while ago and it was something in the range of 20,000 people in india are using bitcoin. this seems low and by indias standards is just nothing. this might change a bit, but it will take long as this is a very long way to go.

Maybe the number is not lying, as Indians are yet not completely aware of it. They yet prefer shares, gold and silver as safe investments and for trading purposes. But if you see the chart of two weeks you will see a sudden rise of it. Like suddenly they are all awake. And it's crazy. If this craze catches India alone can keep the btc world alive, considereing it's huge population but that again requires a lot of awareness.

india could be a big steeping stone for bitcoin. but this is something that will not happen overnight and india will find a solution faster then bitcoin could spread. also bitcoin could possibly not handle the volume right know that india would bring if they would push for bitcoin in full force.

iqlimasyadiqa

legendary

Activity: 1596

Merit: 1011

Quote from: d@nte on November 18, 2016, 01:46:03 PM

At least at this stage, that's very unlileky to happen. There's more than a thousand coins out there, and none of them is showing signs to be a replacement for Bitcoin. The closest in market capitalization, Ethereum, seems to have a lot of flaws, and most others have improvements that can be implemented in Bitcoin.

certainly a lot of coins in circulation today. but the strength of bitcoin is very large. very difficult to replace bitcoin. such as the US Dollar in the real world, bitcoin has a very great interest.

Juggy777

hero member

Activity: 2646

Merit: 686

Quote from: Senor.Bla on November 19, 2016, 04:26:43 AM

Quote from: Juggy777 on November 19, 2016, 03:24:04 AM

Currently if you observe the situation in the country India, you can see people are replacing their existing currency to btc. They are paying 900$ for a btc. India has a huge population and if it's accepts btc I don't think it will be able to replace that easily. I yet haven't seen any good currency as a replacement, but this time I will be buying it when it's low, was getting btc at very low prices fee years back and lost a chance

the thing with india is that it is still a long way to go. we had some number here a while ago and it was something in the range of 20,000 people in india are using bitcoin. this seems low and by indias standards is just nothing. this might change a bit, but it will take long as this is a very long way to go.

Maybe the number is not lying, as Indians are yet not completely aware of it. They yet prefer shares, gold and silver as safe investments and for trading purposes. But if you see the chart of two weeks you will see a sudden rise of it. Like suddenly they are all awake. And it's crazy. If this craze catches India alone can keep the btc world alive, considereing it's huge population but that again requires a lot of awareness.

Senor.Bla

sr. member

Activity: 280

Merit: 253

Quote from: Juggy777 on November 19, 2016, 03:24:04 AM

Currently if you observe the situation in the country India, you can see people are replacing their existing currency to btc. They are paying 900$ for a btc. India has a huge population and if it's accepts btc I don't think it will be able to replace that easily. I yet haven't seen any good currency as a replacement, but this time I will be buying it when it's low, was getting btc at very low prices fee years back and lost a chance

the thing with india is that it is still a long way to go. we had some number here a while ago and it was something in the range of 20,000 people in india are using bitcoin. this seems low and by indias standards is just nothing. this might change a bit, but it will take long as this is a very long way to go.

Juggy777

hero member

Activity: 2646

Merit: 686

Currently if you observe the situation in the country India, you can see people are replacing their existing currency to btc. They are paying 900$ for a btc. India has a huge population and if it's accepts btc I don't think it will be able to replace that easily. I yet haven't seen any good currency as a replacement, but this time I will be buying it when it's low, was getting btc at very low prices fee years back and lost a chance

jamids

sr. member

Activity: 616

Merit: 252

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?

It is possible that another currency will replace bitcoin because anything is possible with the emerging of new innovations nowadays. Bitcoin is like the father of cryptocurrencies that is why it would be hard to replaced but it is possible. There are many digital currencies appearing from time to time and who knows a certain digital currency may attract an investor and then later on attract the cryptocurrency users thereby making them use the currency and later on some companies may make it one of their payment options.

QuestionAuthority

legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Of course it will be replaced.

Are you still driving the same car that your great great grandfather drove? Do you still have an eight track tape player for your music? How about that black-and-white television set, have you retired it yet?

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: zombie007 on November 19, 2016, 01:28:11 AM

Quote from: madwica on November 18, 2016, 07:12:02 AM

We can not say that bitcoin was always on the top but we need to believed that bitcoin would gives us income everyday in our live and every time we collect bitcoin since bitcoin is on the top we need to take it advantage to earn more money.

currently bitcoin is on top and and hope that it will remain on top we can speculate that. as in our area there was not a single shop who were accepting bitcoin when i join bitcoin, but now we can see that there are 3 or 4 shops who are giving bitcoin service. then accept bitcoin for shopping, on other side now i can recharge my mobile and can pay my utility bills using bitcoins.

It will as long as we continue to buy and push the demand, there are a lot of industries that are making bitcoin great especially the gambling sites as people always loses there money hence it increase the demand, try to imagine if sharks will be using bitcoin then it will make demands.

zombie007

full member

Activity: 214

Merit: 100

Quote from: madwica on November 18, 2016, 07:12:02 AM

We can not say that bitcoin was always on the top but we need to believed that bitcoin would gives us income everyday in our live and every time we collect bitcoin since bitcoin is on the top we need to take it advantage to earn more money.

currently bitcoin is on top and and hope that it will remain on top we can speculate that. as in our area there was not a single shop who were accepting bitcoin when i join bitcoin, but now we can see that there are 3 or 4 shops who are giving bitcoin service. then accept bitcoin for shopping, on other side now i can recharge my mobile and can pay my utility bills using bitcoins.

vasrasus

hero member

Activity: 946

Merit: 500

Bcnex - The Ultimate Blockchain Trading Platform

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 had read an article before about it. Something like "There’s an epic battle for the future of money, and the outcome is murky. It might have several winners. It might have no winners. But one thing is crystal clear: The most exciting battle in this long war is taking place in San Francisco, and the town isn’t big enough for both Ripple Labs and Stellar, two of the contenders hoping to replace not just Bitcoin but the almighty dollar."

So the possibility is always there just how bitcoin became boost something alike may also boost but still hoping that we can still enjoy what we still doing in bitcoin now may last for long as long as we want.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: Aamir1 on November 17, 2016, 12:53:06 PM

Quote from: jak3 on November 17, 2016, 11:51:42 AM

bitcoin is popular but its possible that any other cryptocurrency replaces bitcoin it can be by yhe price or by other factors. no matter what it is but we know bitcoin is going ro gather a lot more popularity when all the 21bitcoins will be mined

Do you really think that another crypto currency will come and survive for so many years like bitcoin and gain a price and popularity like bitcoin and then it will replace bitcoin? That does not seem to be happening, bitcoin has almost everything a person might want from a crypto currency so i don't see any reason bitcoin getting replaced.

That happens all the time especially in the world of technology, look at apple they created a beautiful PC but then IMB created a dirt cheap PC and outsold apple, it was only when apple created new and incredible products they reached the top again, it is just the nature of the tech business.

electronicfactura

hero member

Activity: 714

Merit: 500

Bitcoin will not be replaced by any cryptocurrency created by individuals without having back from any state. It was Bitcoin which made its way and that is what made it to be so valuable and unique in its way. Crytocurrencies in spite of being built on great ideas are dying slowly slowly as they don't see any adoption and appreciation by masses.

d@nte

hero member

Activity: 490

Merit: 500

At least at this stage, that's very unlileky to happen. There's more than a thousand coins out there, and none of them is showing signs to be a replacement for Bitcoin. The closest in market capitalization, Ethereum, seems to have a lot of flaws, and most others have improvements that can be implemented in Bitcoin.

carlerha

hero member

Activity: 588

Merit: 500

Quote from: groll on November 18, 2016, 11:35:01 AM

Quote from: xIIImaL on November 18, 2016, 07:57:06 AM

Quote from: madwica on November 18, 2016, 07:12:02 AM

We can not say that bitcoin was always on the top but we need to believed that bitcoin would gives us income everyday in our live and every time we collect bitcoin since bitcoin is on the top we need to take it advantage to earn more money.

We cannot speculate the bitcoin price it is volatile but bitcoin will be always top in among all crypto currencies and these much years other any digital coin beats the price of the bitcoin also then how can its potential can hit by other crypto currency.

Definitely, bitcoins will never be replace by any other cryptocurrencies. There's so many cryptocurrency in the market, i dont know if every when new crypto has born but i think every month or even a week new crypto was intoduce in different exchanger site. Even tgere's so many crypto out there no one has defeat the popularity of bitcoins. And now bitcoins was increasing its price day by day, so how can another crypto replace bitcoins.

yes that is a fact that bitcoin cannot be replace by any other currency, as bitcoin is one of the most popular crypto currency of the world and still its popularity is increasing day by day, therefore it is not possible that bitcoin will replace by any other currency.

groll

sr. member

Activity: 336

Merit: 250

Quote from: xIIImaL on November 18, 2016, 07:57:06 AM

Quote from: madwica on November 18, 2016, 07:12:02 AM

We can not say that bitcoin was always on the top but we need to believed that bitcoin would gives us income everyday in our live and every time we collect bitcoin since bitcoin is on the top we need to take it advantage to earn more money.

We cannot speculate the bitcoin price it is volatile but bitcoin will be always top in among all crypto currencies and these much years other any digital coin beats the price of the bitcoin also then how can its potential can hit by other crypto currency.

Definitely, bitcoins will never be replace by any other cryptocurrencies. There's so many cryptocurrency in the market, i dont know if every when new crypto has born but i think every month or even a week new crypto was intoduce in different exchanger site. Even tgere's so many crypto out there no one has defeat the popularity of bitcoins. And now bitcoins was increasing its price day by day, so how can another crypto replace bitcoins.

xIIImaL

legendary

Activity: 1372

Merit: 1005

Quote from: madwica on November 18, 2016, 07:12:02 AM

We can not say that bitcoin was always on the top but we need to believed that bitcoin would gives us income everyday in our live and every time we collect bitcoin since bitcoin is on the top we need to take it advantage to earn more money.

We cannot speculate the bitcoin price it is volatile but bitcoin will be always top in among all crypto currencies and these much years other any digital coin beats the price of the bitcoin also then how can its potential can hit by other crypto currency.

Victorycoin

hero member

Activity: 1134

Merit: 517

Quote from: Snorek on November 17, 2016, 09:12:54 AM

Bitcoin might not be replaced by anything similar in concept - what I mean by that is another decentralized crypto.
But there is high chance of disturbing BTC market by project like national cryptocurrencies.
I have on mind recent idea of Chinese Government - they are currently hiring blockchain specialists to help them launch new cryptocurrency.

https://cointelegraph.com/news/chinas-central-bank-hires-blockchain-experts-to-launch-cryptocurrency

This kind of replacement without any doubt is what the authorities have been nursing, but how disappointed they all would be at the end of the day. The wide spread acceptance of bitcoin was not for the fun of it, but hinges on the fact that bitcoin is a revolution that arrested the financial colonialism people have been subjected to overtime and which is what the authorities are fighting tooth and nail to reinstate, but the people are wiser now.

Technology is evolving, so we might someday come into another coin that could replace bitcoin, but it cannot be anything built outside the foundation already in place in bitcoin, especially the ability for transactions to stay decentralized or it never would make it pass bitcoin.

Topic: Will Bitcoin be replaced by another cryptocurrency? - page 184. (Read 186501 times)