Will Bitcoin be replaced by another cryptocurrency? - page 196.

sabbirshm

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Quote from: dearbesz1219 on October 29, 2016, 06:38:51 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 not, there are no other currency/altcoin that they can replaced bitcoin. Because the price of bitcoin now is getting increase meaning, there are more investors adopting bitcoin in their businesses and more users are also increasing everyday.

Also,bitcoin is on a stable position.It's giving customers more faculties than any other crypto currency.Many people invested on it and they getting profit and making bitcoin more stable.So, I think it's impossible to bitcoin replaced by any other crypto currency.

dearbesz1219

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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 not, there are no other currency/altcoin that they can replaced bitcoin. Because the price of bitcoin now is getting increase meaning, there are more investors adopting bitcoin in their businesses and more users are also increasing everyday.

noictib

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Quote from: Adbitco on October 29, 2016, 03:33:36 AM

The possibility can not be denied

in my opinion no possibility of any new coin because every new coin laumvh in the online market needs advertising and spread of currency only to make it famouse .
and the main thing is that the trust at new coin .

Adbitco

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The possibility can not be denied

cjmoles

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I'm not sure if bitcoin will be replaced, but I am keeping my mind open to new possibilities because I sure don't want to miss out on the next wave. I think that's what fuels a lot of peoples motivations to invest in the altcoins. There is no doubt in my mind that there will be another break thru in thought that leads to something more interesting....I just want to be one of the first few on board when it happens. Right?

chesatochi

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I think for now it will stay in the top in the crytocurrency market. But, is not impossible that a better idea can change the rule or replace it.

The technology advance so fast and new thing come on the market every year !

mastica

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Bitcoin might be raising and almost all altcoins are loosing value against bitcoin, but those altcoins will readjust their value as bitcoins finds its new support, 0.02 eth something some peple thinked wouldnt be posiible in the past one altcoin with more volume of transactions then bitcoin.

Legendaris

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I don't think of a specific altcoin that will displace bitcoin from its current hegemony. I prefer to think that sooner rather than later will occur a conjunction of events that might make the bitcoin gradually lose its current value. Remember that even almighty technologic advances gradually were displaced like yahoo or IBM, so it is impossible to think that bitcoin will remain forever.

Senor.Bla

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Quote from: requester on October 26, 2016, 01:09:21 AM

bitcoin will not become obsolete or other cryptocurrency couldn't take take away the position of bitcoin because bitcoin us itself a role model and father of all cryptocurrency and some of the altcoin is counted in terms of bitcoin not. paper currency. And bitcoin have must market capitalization and no can surpas it's piece. it will always remain on top

you live in a dream world. please wake up.
sure bitcoin can become obsolete. we just need a better way. and by the way there is no thing in the world that we can say it is at its best and not improvable. why should bitcoin be?
a role model and father is just an emotional argument. and emotions do not pay bills. and if you say that some cryptos are coupled to bitcoin then this means there are also some who are not, so what was the point?

requester

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bitcoin will not become obsolete or other cryptocurrency couldn't take take away the position of bitcoin because bitcoin us itself a role model and father of all cryptocurrency and some of the altcoin is counted in terms of bitcoin not. paper currency. And bitcoin have must market capitalization and no can surpas it's piece. it will always remain on top

goldcoinminer

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Quote from: PieCrafted on October 25, 2016, 11:40:06 PM

Yes it would and cannot be replaced. We all knew that bitcoin is the base of all other crypto currencies that are on the market right now. It is the father of every altcoin as it is the first one and it is the most popular. I also think that some altcoin will not surpass it. Yeah, still possibke but as of this time it is not. Maybe we just have to wait for a century for it to happen.

And as a father as you said, whatever the performance of bitcoin, the altcoins will also be affected. Take it for example just today, the price of bitcoin is increasing and look at ETH, it is also falling, so there's really a relationship..

When bitcoin is progressive, alts will fall so it cannot be replace when bitcoin continue to perform well.

PieCrafted

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Yes it would and cannot be replaced. We all knew that bitcoin is the base of all other crypto currencies that are on the market right now. It is the father of every altcoin as it is the first one and it is the most popular. I also think that some altcoin will not surpass it. Yeah, still possibke but as of this time it is not. Maybe we just have to wait for a century for it to happen.

dearbesz1219

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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?

As we all know, Nowadays in bitcoin world, many altcoins has been rising up in cryptocurrency though majority of the old coins too are being closed also. Bitcoin is the master of Crypto currency, right now its very hard to replace it but everything is possible to be happen.

rizkyhiw

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Quote from: subham1 on October 25, 2016, 01:29:39 PM

Quote from: ?? on ??

At this stage we don't see any competition to bitcoins but there is no guarantee that the same thing will be followed in future too, as there is a possibility that bitcoin can get replaced in future by some new and innovative currency.

Well i dont think so because as you said bitcoin has no competition as of now,and in the future it doesnt seem any other coin has that potential to even compete with the bitcoins,it will always be most important crypto-currency.

bitcoin are the first cryptocurrency , the first big thing invented on internet
i don't think soon or in the future any other cryptocurrency can replace bitcoin
even it was amazing ethereum within 2 years become popular as litecoin and dogecoin
i believe bitcoin will be honored as the mother of cryptocurrency.

cjmoles

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Re: Will Bitcoin be replaced by another cryptocurrency?

Ah....Well, if we are separating "bitcoin" from it's underlying technology and isolating the bitcoin blockchain to stand alone unchanged in this argument then I would say, "yes, no doubt." But, as long as bitcoin is allowed to evolve then it will never become obsolete. Those other "altcoins" are all just different shades of bitcoin....they wouldn't exist without bitcoin. The only danger that I can foresee jeopardizing bitcoin's network is its governmental inertia, or it's resistance to change. Bitcoin needs to be prepared, willing, and capable of adapting to the demands of innovation in order to stay competitive; otherwise, it might be replaced by one of its more adaptable offspring someday.

Kashim

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well bitcoin is very very energy hungry. that will the end of bitcoins some day.

subham1

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Quote from: ?? on ??

At this stage we don't see any competition to bitcoins but there is no guarantee that the same thing will be followed in future too, as there is a possibility that bitcoin can get replaced in future by some new and innovative currency.

Well i dont think so because as you said bitcoin has no competition as of now,and in the future it doesnt seem any other coin has that potential to even compete with the bitcoins,it will always be most important crypto-currency.

BitHodler

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Quote from: Grobogan on October 25, 2016, 04:51:08 AM

I don't think of a specific altcoin that will displace bitcoin from its current hegemony. I prefer to think that sooner rather than later will occur a conjunction of events that might make the bitcoin gradually lose its current value. Remember that even almighty technologic advances gradually were displaced like yahoo or IBM, so it is impossible to think that bitcoin will remain forever.

Don't forget that Bitcoin is an open source project. When needed, enhancements can be implemented to make Bitcoin a bit more future proof.

One of these enhancements is Segwit that might get activated this year. After that there is Lightning Network that we get to experience.

I think for the coming few years these updates will be more than enough to satisfy most people as it brings Bitcoin to the next level. We'll be ready for more usage and adoption.

Heartilly

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Quote from: TastyChillySauce00 on October 25, 2016, 05:46:15 AM

Quote from: rickadone on October 24, 2016, 02:15:51 PM

Quote from: th3nolo on October 21, 2016, 06:53:29 PM

I don't think that happens, and if so happens this possibility is far for now. even with ethereum, the bitcoin has remained strong and I hope it stays that way for at least a decade.

Though we cannot completely strikeout that there will be no other cryptocurrency to overtake bitcoin, but the probability of such event happening is indeed very minimimal or it may take a very long time and efforts to come by.

well by just seeing another alts which gaining its popularity in short period or in other word "very fast" such as ethereum or even icomoni as the next because its ICO was succesfull gather thousands of bitcoin,it will be such a serious competitor for bitcoin in the future and not very minimal chance to overtake bitcoin's place

And as bottom line, those alts you mentioned are purely for investment purposes which is not a good thing since crypto was meant for changing our ways to send and received money.

Bitcoin is the only crypto that has good advantage if used as a currency or investment. So right now, I can't see of other crypto that can surpass what bitcoin achieved and will never think of that.

Takiolo

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I do not see this happen at all because the bitcoin has a good future and it will not be replaced due to the fact it already has been so popular and it has a lot more worth than other altcoins too so the chance is very small that this will happen!

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