Will Bitcoin be replaced by another cryptocurrency? - page 186.

lol3c

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Quote from: error08 on November 17, 2016, 11:49:44 AM

It's not impossible to happen if the other cryptocurrency is better than bitcoin.
Many coins had been invented and not single one could replace bitcoin, it's not easy to gain people trust and going through the process, obstacles, problems and time (7 years) that bitcoin has been pass through.

I think that anything can happen at any time so we shouldn't underestimate the possibility of other cryptocurrencies taking over bitcoin. But for that to happen, it's must take years for one cryptocurrency to have important position like bitcoin now and that currency must gain people trust and be strong enough not to die halfway.

error08

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It's not impossible to happen if the other cryptocurrency is better than bitcoin.
Many coins had been invented and not single one could replace bitcoin, it's not easy to gain people trust and going through the process, obstacles, problems and time (7 years) that bitcoin has been pass through.

clickerz

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Backed.Finance

Quote from: asuryan180 on November 16, 2016, 05:01:39 PM

If there is another crypto better than BTC yes,it can be replaced,the thing is it has to better than it and attract more people to it so it gains its proper market and volume so it doesn't crash,I definitely think that this can happen,however BTC is really well known and is the most famous cryptocurrency so for another one to take its place over it has to be significantly better and offer something unique

That is true and when bitcoin failed to deliver its features and other coins surpas the expectation from bitcoin.There coins that are evolving or implementing a different platforn.I think there is a little "competition" here.

Snorek

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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

mastica

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Quote from: xvacator on November 17, 2016, 09:00:44 AM

Quote from: madwica on November 16, 2016, 08:34:55 AM

Quote from: goldcoinminer on November 16, 2016, 07:20:14 AM

Quote from: Catlonid on November 16, 2016, 06:55:12 AM

I think it could happen, bitcoin can be replaced by cryptocurrency if bitcoin prices decline.
but I think for the moment remains above cryptocurrency and difficult to replace bitcoin because its price tends to be stable even increased.

That's the nature of bitcoin, it decline and rise again, that's why it's volatile. It will only be replace if it losses it's popularity among it's supporters and new currency will be popular. We cannot take that possibilities because we are in the crypto world and it's full of surprises here.

But for me there is no other coin in crypto currency can replace bitcoin on the top since the popularization of bitcoin is now very great and if there is a other coin i think it is need more time to make it on the top.

yes i think its really hard to replace bitcoin with another cryptocurrency but for the price, as i remember, in few days ago, when zcash is launch in poloniex, the price is far beyond bitcoin and its really high but now the price of zcash is getting down to the bottom and hard to gets up again.

and people that know bitcoin is just knowing bitcoin to make transaction and make withdraw with fiat so they don't think that there are any cryptocurrencies that will replaced bitcoin.

The same happened with augur, zcash were used to bump and it had been traded at 3 btc for a single coin, some people made a fortune into those, since it started to be traded around 1btc and then dumped to 0,50btc. Those which invested in the begining were able to make good result while others had loose the opportunity as me.

xvacator

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Quote from: madwica on November 16, 2016, 08:34:55 AM

Quote from: goldcoinminer on November 16, 2016, 07:20:14 AM

Quote from: Catlonid on November 16, 2016, 06:55:12 AM

I think it could happen, bitcoin can be replaced by cryptocurrency if bitcoin prices decline.
but I think for the moment remains above cryptocurrency and difficult to replace bitcoin because its price tends to be stable even increased.

That's the nature of bitcoin, it decline and rise again, that's why it's volatile. It will only be replace if it losses it's popularity among it's supporters and new currency will be popular. We cannot take that possibilities because we are in the crypto world and it's full of surprises here.

But for me there is no other coin in crypto currency can replace bitcoin on the top since the popularization of bitcoin is now very great and if there is a other coin i think it is need more time to make it on the top.

yes i think its really hard to replace bitcoin with another cryptocurrency but for the price, as i remember, in few days ago, when zcash is launch in poloniex, the price is far beyond bitcoin and its really high but now the price of zcash is getting down to the bottom and hard to gets up again.

and people that know bitcoin is just knowing bitcoin to make transaction and make withdraw with fiat so they don't think that there are any cryptocurrencies that will replaced bitcoin.

Yutikas_11920

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Quote from: Senor.Bla on November 17, 2016, 04:01:50 AM

Quote from: 20kevin20 on November 17, 2016, 03:54:40 AM

Quote from: Senor.Bla on November 17, 2016, 03:48:05 AM

Quote from: arcanaaerobics on November 17, 2016, 03:15:26 AM

Quote from: asuryan180 on November 16, 2016, 05:01:39 PM

If there is another crypto better than BTC yes,it can be replaced,the thing is it has to better than it and attract more people to it so it gains its proper market and volume so it doesn't crash,I definitely think that this can happen,however BTC is really well known and is the most famous cryptocurrency so for another one to take its place over it has to be significantly better and offer something unique

What's better for you?
It depend of your needs.

I think bitcoin will stay longer on top because none try 51% attacks on the blockchain and this like that, this coin have a lot of respect from all and others alts always will have haters.

funny how everybody always brings the argument that bitcoin is the most known coin and therefor will be not replaced. but how many people of the general public know bitcoin? not even 95% and we are not better then 1% when it comes to who has some bitcoins. so i do not understand how people can not imagine that maybe a big and known institution (maybe a bank) comes along bring out some coin (it does not even have to be better. it can be shitty) makes a huge marketing campaign and becomes more famous then bitcoin. shops that were afraid of using bitcoin will be suddenly open to it and this is how the story ends for bitcoin.

You're right, but Bitcoin will always be on top because it's the first one to appear here and if a bank would open their own cryptocurrency, everybody who'd use it would also know what Bitcoin is because that's where it all started from. Nothing can take Bitcoin over, I'm pretty sure about that.

bitcoin was not the first attempted on digital money, but it made many things right and was the first successful, so you could argue it was the first working one. but look at the history or even at the history of internet companies. there were many we-are-the-first-ones that never made it after some other company came along and did it better. we might even still know who did it first, but our children will not. if you have trouble to think of such a company, then just google it ... oh wait google is one of those. is anyone using some other search engine? nor really. was it the first one? no!

Yeah that's something it is true and not to blame. Because before the advent of the bitcoin digital currency already exists, but this is the first bitcoin appear to be complete and became the first successful crypto in assisting the needs of all the people who already know sisiliah update or the internet. So, this is something that is very profitable for us because with the advent of the bitcoin can easily search advantage

Senor.Bla

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Quote from: 20kevin20 on November 17, 2016, 03:54:40 AM

Quote from: Senor.Bla on November 17, 2016, 03:48:05 AM

Quote from: arcanaaerobics on November 17, 2016, 03:15:26 AM

Quote from: asuryan180 on November 16, 2016, 05:01:39 PM

If there is another crypto better than BTC yes,it can be replaced,the thing is it has to better than it and attract more people to it so it gains its proper market and volume so it doesn't crash,I definitely think that this can happen,however BTC is really well known and is the most famous cryptocurrency so for another one to take its place over it has to be significantly better and offer something unique

What's better for you?
It depend of your needs.

I think bitcoin will stay longer on top because none try 51% attacks on the blockchain and this like that, this coin have a lot of respect from all and others alts always will have haters.

funny how everybody always brings the argument that bitcoin is the most known coin and therefor will be not replaced. but how many people of the general public know bitcoin? not even 95% and we are not better then 1% when it comes to who has some bitcoins. so i do not understand how people can not imagine that maybe a big and known institution (maybe a bank) comes along bring out some coin (it does not even have to be better. it can be shitty) makes a huge marketing campaign and becomes more famous then bitcoin. shops that were afraid of using bitcoin will be suddenly open to it and this is how the story ends for bitcoin.

You're right, but Bitcoin will always be on top because it's the first one to appear here and if a bank would open their own cryptocurrency, everybody who'd use it would also know what Bitcoin is because that's where it all started from. Nothing can take Bitcoin over, I'm pretty sure about that.

bitcoin was not the first attempted on digital money, but it made many things right and was the first successful, so you could argue it was the first working one. but look at the history or even at the history of internet companies. there were many we-are-the-first-ones that never made it after some other company came along and did it better. we might even still know who did it first, but our children will not. if you have trouble to think of such a company, then just google it ... oh wait google is one of those. is anyone using some other search engine? nor really. was it the first one? no!

20kevin20

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Quote from: Senor.Bla on November 17, 2016, 03:48:05 AM

Quote from: arcanaaerobics on November 17, 2016, 03:15:26 AM

Quote from: asuryan180 on November 16, 2016, 05:01:39 PM

If there is another crypto better than BTC yes,it can be replaced,the thing is it has to better than it and attract more people to it so it gains its proper market and volume so it doesn't crash,I definitely think that this can happen,however BTC is really well known and is the most famous cryptocurrency so for another one to take its place over it has to be significantly better and offer something unique

What's better for you?
It depend of your needs.

I think bitcoin will stay longer on top because none try 51% attacks on the blockchain and this like that, this coin have a lot of respect from all and others alts always will have haters.

funny how everybody always brings the argument that bitcoin is the most known coin and therefor will be not replaced. but how many people of the general public know bitcoin? not even 95% and we are not better then 1% when it comes to who has some bitcoins. so i do not understand how people can not imagine that maybe a big and known institution (maybe a bank) comes along bring out some coin (it does not even have to be better. it can be shitty) makes a huge marketing campaign and becomes more famous then bitcoin. shops that were afraid of using bitcoin will be suddenly open to it and this is how the story ends for bitcoin.

You're right, but Bitcoin will always be on top because it's the first one to appear here and if a bank would open their own cryptocurrency, everybody who'd use it would also know what Bitcoin is because that's where it all started from. Nothing can take Bitcoin over, I'm pretty sure about that.

Senor.Bla

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Quote from: arcanaaerobics on November 17, 2016, 03:15:26 AM

Quote from: asuryan180 on November 16, 2016, 05:01:39 PM

If there is another crypto better than BTC yes,it can be replaced,the thing is it has to better than it and attract more people to it so it gains its proper market and volume so it doesn't crash,I definitely think that this can happen,however BTC is really well known and is the most famous cryptocurrency so for another one to take its place over it has to be significantly better and offer something unique

What's better for you?
It depend of your needs.

I think bitcoin will stay longer on top because none try 51% attacks on the blockchain and this like that, this coin have a lot of respect from all and others alts always will have haters.

funny how everybody always brings the argument that bitcoin is the most known coin and therefor will be not replaced. but how many people of the general public know bitcoin? not even 95% and we are not better then 1% when it comes to who has some bitcoins. so i do not understand how people can not imagine that maybe a big and known institution (maybe a bank) comes along bring out some coin (it does not even have to be better. it can be shitty) makes a huge marketing campaign and becomes more famous then bitcoin. shops that were afraid of using bitcoin will be suddenly open to it and this is how the story ends for bitcoin.

arcanaaerobics

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Quote from: asuryan180 on November 16, 2016, 05:01:39 PM

If there is another crypto better than BTC yes,it can be replaced,the thing is it has to better than it and attract more people to it so it gains its proper market and volume so it doesn't crash,I definitely think that this can happen,however BTC is really well known and is the most famous cryptocurrency so for another one to take its place over it has to be significantly better and offer something unique

What's better for you?
It depend of your needs.

I think bitcoin will stay longer on top because none try 51% attacks on the blockchain and this like that, this coin have a lot of respect from all and others alts always will have haters.

sportis

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Veni, Vidi, Vici

In the present times and in the near future is extremely difficult to be replaced by alt coins. After approximately 7 mining years has acquired a maturity and established in the mind not only for enthusiasts and guru of computers but also everyday ordinary people. Moreover, from the time that took his place in the Stock Exchange of America it is very difficult to be replaced from other cryptocurrencies.

Senja Kemuning

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Market share is certainly different, bitcoin unlikely can stand alone without altcoin, too many altcoin will make positive effect of bitcoin, and I'm sure a lot of altcoin there are only a few that can survive.

asuryan180

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If there is another crypto better than BTC yes,it can be replaced,the thing is it has to better than it and attract more people to it so it gains its proper market and volume so it doesn't crash,I definitely think that this can happen,however BTC is really well known and is the most famous cryptocurrency so for another one to take its place over it has to be significantly better and offer something unique

requester

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Nothing is impossible but it is also obvious that none other coin could overcross bitcoin's popularity and market capitalization because already it is the most popular and used cryptocurrency and it's the first of its kind so other coins will play as small player only. Bitcoin is the father of all and people have trust more in bitcoin then all other coins.

madwica

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Quote from: goldcoinminer on November 16, 2016, 07:20:14 AM

Quote from: Catlonid on November 16, 2016, 06:55:12 AM

I think it could happen, bitcoin can be replaced by cryptocurrency if bitcoin prices decline.
but I think for the moment remains above cryptocurrency and difficult to replace bitcoin because its price tends to be stable even increased.

That's the nature of bitcoin, it decline and rise again, that's why it's volatile. It will only be replace if it losses it's popularity among it's supporters and new currency will be popular. We cannot take that possibilities because we are in the crypto world and it's full of surprises here.

But for me there is no other coin in crypto currency can replace bitcoin on the top since the popularization of bitcoin is now very great and if there is a other coin i think it is need more time to make it on the top.

goldcoinminer

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Quote from: Catlonid on November 16, 2016, 06:55:12 AM

I think it could happen, bitcoin can be replaced by cryptocurrency if bitcoin prices decline.
but I think for the moment remains above cryptocurrency and difficult to replace bitcoin because its price tends to be stable even increased.

That's the nature of bitcoin, it decline and rise again, that's why it's volatile. It will only be replace if it losses it's popularity among it's supporters and new currency will be popular. We cannot take that possibilities because we are in the crypto world and it's full of surprises here.

Senor.Bla

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Quote from: Catlonid on November 16, 2016, 06:55:12 AM

I think it could happen, bitcoin can be replaced by cryptocurrency if bitcoin prices decline.
but I think for the moment remains above cryptocurrency and difficult to replace bitcoin because its price tends to be stable even increased.

if bitcoin is replaced then it most likely will have nothing to do with the price. this would make not much sense. it will be a superior coin, a technical issue or maybe a some government restrictions, but not the price. the price would go down as a result, but it would not be the cause.

Catlonid

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I think it could happen, bitcoin can be replaced by cryptocurrency if bitcoin prices decline.
but I think for the moment remains above cryptocurrency and difficult to replace bitcoin because its price tends to be stable even increased.

Doamader

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I dont believe it may happen without some security issue, that is the only way that bitcoin can go down, because bitcoin is improving along with others altcoins, soo its almost impossible a replace happen for now.

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