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Topic: Will Bitcoin be replaced by another cryptocurrency? - page 187. (Read 186501 times)

hero member
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Bitcoin has emerged as a innovation, following this lots of other digital currencies got developed. Among all those only very few currencies grew well, most others went off in a short term as well haven't got popularized as bitcoin. Based on these factor bitcoin getting replaced by some other digital currency is highly impossible.
hero member
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I'm not sure if a better technology will emerge for the next few years, but at the moment Bitcoin is a market leader, and most of the technologies proposed in other projects can somehow be implemented in Bitcoin.
I think if bitcoin continues to grow according to the times, and did not stop growing, then I'm sure bitcoin will continue to persist even though there are many other cryptocurrency which has almost the same technology


Yes, Bitcoins Growing continously and it is a mother of all cryptocurrency. Its hard to replace bitcoins. Bitcoin did have great potential. Most currency and transaction systems today are opaque, inefficient, and expensive. I saw many cryptocurrency in many other exchangers but still bitcoins continues to grow its price and i can't find other cryptocurrency to replace it.
sr. member
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Probably not. Bitcoin needs a really big flaw, like a security one to be replaced. Anything else, bitcoin can adapt through hardforks and the like.
i do not see why a really big flaw is not possible. it can happen. especially if you consider that the code is under development. also hardforks are possible but dangerous as they can split the community. do this a couple of times and you have a number of bitcoins. 
legendary
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Probably not. Bitcoin needs a really big flaw, like a security one to be replaced. Anything else, bitcoin can adapt through hardforks and the like.
hero member
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I'm not sure if a better technology will emerge for the next few years, but at the moment Bitcoin is a market leader, and most of the technologies proposed in other projects can somehow be implemented in Bitcoin.
I think if bitcoin continues to grow according to the times, and did not stop growing, then I'm sure bitcoin will continue to persist even though there are many other cryptocurrency which has almost the same technology
hero member
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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 very possible. Perhaps another crypto currency will step up. Maybe it will make better use of blockchain technology I am not sure if that is possible though but perhaps they can solve issues or have a better system. Though bitcoin is here to stay for sure.
actually if you trying to look in altcoin announcements section you will see many of altcoins offering such a good and useful features and even having better planning than bitcoin, but that's all useless because most of them can't attract attention of people to use their coins because bitcoin is just enough,better system will not bring success as long it don't have its chance to be success
Bitcoin has most of the market share in the crypto world so to beat it a new coin needs to be such a huge improvement that to change between the cryptos is almost mandatory, since I don't think we have reached all the possibilities of what we can do with bitcoin then I don't see an altcoin taking bitcoin place
legendary
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I'm not sure if a better technology will emerge for the next few years, but at the moment Bitcoin is a market leader, and most of the technologies proposed in other projects can somehow be implemented in Bitcoin.
For the coming few years it doesn't matter if a better technology/crypto currency is showing up. Some say that Ethereum already fits in that category.

Every new crypto currency is being seen as an altcoin and nothing more. People don't care what features altcoins have as they only see the altcoin industry as a speculative investment opportunity.

Bitcoin will never be replaced. It will continue to function as an alternative to money where the store of value aspect will be the main driver for people to choose for Bitcoin.

Don't forget that we have some very exciting times ahead of us with the activation of segwit and lightning network. Updates where the community to a certain extent has been begging for.
hero member
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I'm not sure if a better technology will emerge for the next few years, but at the moment Bitcoin is a market leader, and most of the technologies proposed in other projects can somehow be implemented in Bitcoin.

Bitcoin is very popular nowadays in the market and most of those doing online marketing specially online buying were proposing that they may be linked to bitcoin technology adaptation. In the coming years as the technology progress went high a possibility that will happen to those online companys, stores, and online selling will be introduced and use this technology application of BTC. This bitcoin will gain its reputation and shouldn't be replaced with other cryptocurrency.
Bitcoin as the first digital currency nowadays has grow up pretty well and already through many obstacles and problems which lead to strong foundation, more adoption and current stable price at $700. Many coins had been invented in past few years but seems rather difficult to replace bitcoin as number one cryptocurrency, it's good to have multiple coins in the top of market so it could be used as trading object and improve digital currency world.
legendary
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Bitcoin is the father  of all crypto and  no ALTS could able to  surpass it  for sure no matter  how they  upgrade on the future  but still bitcoin would  be commonly used  by  people for sure on the long run. Thigns  doesnt last forever on its place and  it would surely replaced   by someone else  but  on bitcoin  it  may be replaced  but  it would took  long time.
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I'm not sure if a better technology will emerge for the next few years, but at the moment Bitcoin is a market leader, and most of the technologies proposed in other projects can somehow be implemented in Bitcoin.

Bitcoin is very popular nowadays in the market and most of those doing online marketing specially online buying were proposing that they may be linked to bitcoin technology adaptation. In the coming years as the technology progress went high a possibility that will happen to those online companys, stores, and online selling will be introduced and use this technology application of BTC. This bitcoin will gain its reputation and shouldn't be replaced with other cryptocurrency.
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I'm not sure if a better technology will emerge for the next few years, but at the moment Bitcoin is a market leader, and most of the technologies proposed in other projects can somehow be implemented in Bitcoin.
sr. member
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There's always a big possibility that bitcoin will be replace by another crypto currency in the future since the success of bitcoin is based on the trust of the people and if the people loses it's trust with bitcoin, for sure another altcoins will be able to be popular.

I like to see ETH or monero to replace bitcoin, or whatever it is I will accept it.

Big possibility? Where does that possibility come from? Because i don't see anyone losing trust from bitcoin as you said it would only be replaceable if people stop trusting it anymore which by far does not seem to be coming that soon, so basically it is not going to be replaced early this century.
legendary
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There's always a big possibility that bitcoin will be replace by another crypto currency in the future since the success of bitcoin is based on the trust of the people and if the people loses it's trust with bitcoin, for sure another altcoins will be able to be popular.

I like to see ETH or monero to replace bitcoin, or whatever it is I will accept it.

What?! Are you really serious? You are tryig to kick the Mother of all crypto currency? Those alts that you mentioned are all controlled by someone else and there is an owner who could just disappear any moment. That is insane man!
hero member
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There's always a big possibility that bitcoin will be replace by another crypto currency in the future since the success of bitcoin is based on the trust of the people and if the people loses it's trust with bitcoin, for sure another altcoins will be able to be popular.

I like to see ETH or monero to replace bitcoin, or whatever it is I will accept it.
sr. member
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Probably not replaceable because when we come to know about cryptocurrency we first deal with bitcoin and we know most about bitcoin and this we adopt only bitcoin at first but gradually we come to know that other coins also exist so we deal work them too. But no other coin could bypass bitcoin as bitcoin has maximum market capitalization. Well there are some coins rate is quit high then bitcoin still that coin could surpass bitcoin
hero member
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Nothing is impossible. Imagine if satoshi comes out of anonymity and plans to make a better crytocurrency. All men will believe him because he has seen it through. That brought the idea of thinking beyond the satoshi. If a better than bitcoin has not come, it will come, It just need a mind more creative than satoshi. The technology is not up to 10 years, we shouldnt be too much in a hurry and jump to conclusion. Anything can happen soon.
full member
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well its a very very low chance that it will be replaced by any other cryptocurrency .to be honest to beat bitcoins it has to be very stable in the market which is very rare i guess .well it can happen that any other cryptocurrncy comes in the market and may have a very high price but to be honest it  is very very likely that it will come in the market Smiley
sr. member
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After the genesis of Bitcoin in 2009, several currencies have popped up with different concept, much better technology, speed and privacy. But these hundred of currencies have just managed to lower btc dominance from 100% to 83%.
Each year some currency becomes famous, people say they that it will be next Bitcoin. Still Bitcoin dominance isn't affected.

Take example of Ethereum, much better than Bitcoin technology. But still it's very small in front of Bitcoin.

There are high chances that Bitcoin gets replacement, if some continued attacks start on Bitcoin.
sr. member
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I think that last days have confirmed that probably, bitcoin currency will be the strongest from the cryptocurrencies.
I just dont see any other coin that would fit so many people, and that could be a good replacer for current main cryptocurrency- others are just or too week, or too small for now.
Maybe in few years, something will change Smiley
legendary
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i dont think that wiill happen. it is not possible for other cryptocurrency to replace btc. bitcoin is gone far above other cryptos.
true, for the moment, very few cryptocurrency that dpat outperform bitcoin prices, but although there are some cryptocurrency that are more expensive than the bitcoin nonetheless cryptocurrency still less popular in bitcoin appeal.


Cryptocurrency that is more expensive than bitcoin? What would be that?
The price of bitcoin says how valuable it is. If another crypto would overtake that price then it is going to be chaos. Which is I doubt would be possible.
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