Topic: Will Bitcoin be replaced by another cryptocurrency? - page 212. (Read 186421 times)
Bitcoins cant be replaced by other cryptocurrencies because everyone is using the bitcoin rigtht now so i dont think other people would love to use an other one right now as you know.
Like it or not, Bitcoin has a longer life expectancy than all of us. It will outlive us, and will be 100+ years old. It is impossible that an advancement in physics is found to be able to deliver Bitcoin's PoW + network effect, its just not going to happen. Bitcoin will live forever through upgrades and sidechains.
If no one use bitcoin again or the price of bitcoin dropped really low to $10, maybe bitcoin can be replaced to another cryptocurrency that have higher price than bitcoin.
I do not know in future but it may happen I am not sure. At present in cryptocurrency world, btc is the leader for all coins. Yes there are many cryptocurrencies there, but no one can touch the Bitcoin price. And the usage of Bitcoin is very easy. All gamblers are like to use this Bitcoin for betting. So I think now no other currency will replace Bitcoin.
Actually it is the how many people that it already reached. When a new cryptocurrency is created it needs some people to back it up. Just like litecoin and etherum who have been there for a long time. But still bitcoin is like the mother of all. So it is not possible to happen that they will be stepping on their mother.
I do not know in future but it may happen I am not sure. At present in cryptocurrency world, btc is the leader for all coins. Yes there are many cryptocurrencies there, but no one can touch the Bitcoin price. And the usage of Bitcoin is very easy. All gamblers are like to use this Bitcoin for betting. So I think now no other currency will replace Bitcoin.
Actually it is the how many people that it already reached. When a new cryptocurrency is created it needs some people to back it up. Just like litecoin and etherum who have been there for a long time. But still bitcoin is like the mother of all. So it is not possible to happen that they will be stepping on their mother.
I don't think so, since btc is an open source and everyone can contribute, I don't think there will be anything that will surpass the btc.
correctly . bitcoin is the initiator of the first digital currency. bitcoin strength has been recognized by various parties that are in the world financial system. I think it would block the appearance of bitcoin is BitcoinX.
I do not know in future but it may happen I am not sure. At present in cryptocurrency world, btc is the leader for all coins. Yes there are many cryptocurrencies there, but no one can touch the Bitcoin price. And the usage of Bitcoin is very easy. All gamblers are like to use this Bitcoin for betting. So I think now no other currency will replace Bitcoin.
I don't think so, since btc is an open source and everyone can contribute, I don't think there will be anything that will surpass the btc.
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?
No this won't happen because bitcoin is already famous world wide and millions of people is using this coin. If it has to be replaced by other coin then only way is there That is to launch another coin and wait till that coin gets famous like bitcoin.
I think so. The bitcoin is the most popular digital coin now. If there is no big bug in the development, it will stiil be the number one coin.
The popularity of bitcoin is limited to digital world, not everyone knows about bitcoin but when it comes to crypto currency I think bitcoin is the best and it has no competition around.
For the time being, it has no competition. But in the future, it will have some competion. Examples are the Ethereum and Monero.
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?
No this won't happen because bitcoin is already famous world wide and millions of people is using this coin. If it has to be replaced by other coin then only way is there That is to launch another coin and wait till that coin gets famous like bitcoin.
I think so. The bitcoin is the most popular digital coin now. If there is no big bug in the development, it will stiil be the number one coin.
The popularity of bitcoin is limited to digital world, not everyone knows about bitcoin but when it comes to crypto currency I think bitcoin is the best and it has no competition around.
For the time being, it has no competition. But in the future, it will have some competion. Examples are the Ethereum and Monero.
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?
No this won't happen because bitcoin is already famous world wide and millions of people is using this coin. If it has to be replaced by other coin then only way is there That is to launch another coin and wait till that coin gets famous like bitcoin.
I think so. The bitcoin is the most popular digital coin now. If there is no big bug in the development, it will stiil be the number one coin.
The popularity of bitcoin is limited to digital world, not everyone knows about bitcoin but when it comes to crypto currency I think bitcoin is the best and it has no competition around.
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?
No this won't happen because bitcoin is already famous world wide and millions of people is using this coin. If it has to be replaced by other coin then only way is there That is to launch another coin and wait till that coin gets famous like bitcoin.
I think so. The bitcoin is the most popular digital coin now. If there is no big bug in the development, it will stiil be the number one coin.
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?
No this won't happen because bitcoin is already famous world wide and millions of people is using this coin. If it has to be replaced by other coin then only way is there That is to launch another coin and wait till that coin gets famous like bitcoin.
I do not think it will happen but it is possible, but i think it will takes a long time to happen because as we can see the value of bitcoin was too great right now and there are more investor continuous to invest in bitcoin that will helps bitcoin on the top of crypto world.
With the unstable conditions of other cryptocurrencies it is possible for other cryptocurrencies to take over bitcoin in the virtual currency world. Bitcoin has become more stronger and become the standard for cryptocurrency economy, all other currencies are now dependent to bitcoin. But who knows, the future is unclear and full of surprises maybe in the future it may happen.
Monero is just another crypto-currency, but I highly doubt it has enough backing behind it to trump bitcoin. I really don’t think any other altcoin can beat bitcoin at this moment. With my little knowledge, I do not expect any tough competitor from altcoins.
But there is a possibility, if something is newly created from scratch (not from bitcoin's basics) and that too have enough facilities to overcome bitcoin's. I guess in near future it will not be possible unless aliens are not ready to help on this.
Yes, Moneros has some power within it still it is so small. I think that if it were upsizes it would be harder to remain the same and may end up with huge dumping then I highly doubt it will remain just another average altcoin. I too want to shout here, bitcoin will not be replaced by any "thing" for sure.But there is a possibility, if something is newly created from scratch (not from bitcoin's basics) and that too have enough facilities to overcome bitcoin's. I guess in near future it will not be possible unless aliens are not ready to help on this.
Monero is just another crypto-currency, but I highly doubt it has enough backing behind it to trump bitcoin. I really don’t think any other altcoin can beat bitcoin at this moment. With my little knowledge, I do not expect any tough competitor from altcoins.
But there is a possibility, if something is newly created from scratch (not from bitcoin's basics) and that too have enough facilities to overcome bitcoin's. I guess in near future it will not be possible unless aliens are not ready to help on this.
Yes, Moneros has some power within it still it is so small. I think that if it were upsizes it would be harder to remain the same and may end up with huge dumping then I highly doubt it will remain just another average altcoin. I too want to shout here, bitcoin will not be replaced by any "thing" for sure.But there is a possibility, if something is newly created from scratch (not from bitcoin's basics) and that too have enough facilities to overcome bitcoin's. I guess in near future it will not be possible unless aliens are not ready to help on this.
Hard question, when ever we speak about future for me its hard to see what is right and what is wrong. Like all the comments in this topic have some chances to realize in the future in my opinion. Some have more, some less chances but I saw too many surprises in my life and for me everything can happen.
Many times mentioned ethereium is also crypto currency. Why people think eth can replace btc? Isn't there enough space for both? Or even some other crypto also?
Many times mentioned ethereium is also crypto currency. Why people think eth can replace btc? Isn't there enough space for both? Or even some other crypto also?
People follow the volatility and profitability of certain coins. If in this case Ethereum brings them profits in the time that Bitcoin is slow and barely moving, then of course they hype up Ethereum. People haven't been any different. From the very beginning of my time in crypto people have always been running to the coin(s) with the most volatility. If it gives them profit, then it's a fantastic coin according to them, but if the party is over, then they drop that coin real hard and move to the next target.
I do not think it will happen but it is possible, but i think it will takes a long time to happen because as we can see the value of bitcoin was too great right now and there are more investor continuous to invest in bitcoin that will helps bitcoin on the top of crypto world.
Monero is just another crypto-currency, but I highly doubt it has enough backing behind it to trump bitcoin. I really don’t think any other altcoin can beat bitcoin at this moment. With my little knowledge, I do not expect any tough competitor from altcoins.
But there is a possibility, if something is newly created from scratch (not from bitcoin's basics) and that too have enough facilities to overcome bitcoin's. I guess in near future it will not be possible unless aliens are not ready to help on this.
Yes, Moneros has some power within it still it is so small. I think that if it were upsizes it would be harder to remain the same and may end up with huge dumping then I highly doubt it will remain just another average altcoin. I too want to shout here, bitcoin will not be replaced by any "thing" for sure. But there is a possibility, if something is newly created from scratch (not from bitcoin's basics) and that too have enough facilities to overcome bitcoin's. I guess in near future it will not be possible unless aliens are not ready to help on this.
That will be really hard to say but in my own opinion, if its going to happen at all, I dont see it happening anytime soon because BITcoin has grown so well that other coins are only relying on it for relevance but that is the future in which no one can really say...
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