Will Bitcoin be replaced by another cryptocurrency? - page 227.

BitHodler

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Quote from: Blawpaw on June 12, 2016, 02:47:48 PM

I strongly believe that there is that possibility. For now, Ethereum could be the one crypto who can be able to dethrone Bitcoin. Bitcoin has a lot of limitations, so it is pretty possible that the crypto who presents technical enhancements could become the bitcoin killer!

Nah. At this point there is no crypto currency that has enough potential to replace or overtake Bitcoin.

Bitcoin does exactly that what a lot people want. It offers us a currency tool, investment tool, store of wealth, and so on.

Altcoins with all their "great" and "better" features according to some people, don't add anything seriously usable for the big public.

I see altcoin features as gimmicks. It's cool these features are here but no one really use them.

Blawpaw

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I strongly believe that there is that possibility. For now, Ethereum could be the one crypto who can be able to dethrone Bitcoin. Bitcoin has a lot of limitations, so it is pretty possible that the crypto who presents technical enhancements could become the bitcoin killer!

SilverPunk

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Quote from: Woshib on June 12, 2016, 12:54:35 PM

Perhaps, but this is unlikely, because the Bitcoin is the first cryptocurrency, and has large market shares.
But it maybe that in the future a cryptocurrency without transaction fees or other replaces Bitcoin.

I don't think that there is no fee's for that and well never know what in next few years that technology might create a new coin that will use by world.

ekoice

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No one can say clearly about this but it is a fact that no one had idea how a digital currency like bitcoin would come and rule the world and same way some other currency might come and take place of bitcoin. cant say any thing on this.

universe_

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Quote from: Woshib on June 12, 2016, 12:54:35 PM

Perhaps, but this is unlikely, because the Bitcoin is the first cryptocurrency, and has large market shares.
But it maybe that in the future a cryptocurrency without transaction fees or other replaces Bitcoin.

there cannot be any money without any fees in my opinion because there will have to be people who get money for it

i doubt that bitcoin will ever be replaced in the future thus replacing all fiat

rizzlarolla

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Quote from: Moneroman88 on June 07, 2016, 04:19:53 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?

Innocently ask's Monero man.

Have you any specific alt in mind?

harizen

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Quote from: Woshib on June 12, 2016, 12:54:35 PM

Perhaps, but this is unlikely, because the Bitcoin is the first cryptocurrency, and has large market shares.
But it maybe that in the future a cryptocurrency without transaction fees or other replaces Bitcoin.

It will be hard for other cryptos to achieved what bitcoin reached for now. This crypto is tested for many years now and also the reason why other cryptos was born. It will be really a hassle one if people will start from scratch again in terms of services and stores accepting this as a payment option.

In an intentional way, it can be possible but I doubt large investors will just do some trials in other cryptos.

So for now, take other cryptos for profit taking rather than being a currency.

alyssa85

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Quote from: Woshib on June 12, 2016, 12:54:35 PM

Perhaps, but this is unlikely, because the Bitcoin is the first cryptocurrency, and has large market shares.
But it maybe that in the future a cryptocurrency without transaction fees or other replaces Bitcoin.

Being first doesn't mean anything. Britain invented the industrial revolution, but it wasn't long before other countries started copying them. MySpace invented social media but got overtaken by both Facebook and twitter. Excite got overtaken by Google. Netscape navigator got overtaken first by internet explorer and then by Chrome.

Being first mover is only an advantage if you don't squander that advantage.

Woshib

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Perhaps, but this is unlikely, because the Bitcoin is the first cryptocurrency, and has large market shares.
But it maybe that in the future a cryptocurrency without transaction fees or other replaces Bitcoin.

felicita

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I also go with bitcoin I don't sink a altcoin will rais that much up as the bitcoin do. But at time ether as a good start much advertise I see on net for etherum. We will see what coin can hold the top in future but all time there will be a top coin. But I do my investments in bitcoin be course I think no one can beat this coin!

Kind regards
Felicitaa

romero121

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In the short run not at al possible. After long years sometimes things may change, because our bitcoin too grown high in a very short time. At the same several crypts has got vanished. So with digital currency anything could happen.

noormcs5

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Quote from: akamit on June 09, 2016, 10:18:52 AM

According to me Bitcoin will never be replaced by any other crypto.
Because Bitcoin is the boss and it is the first cypto. So people became used to it.

Altcoins are only for trading purposes, if I am not wrong.
But Bitcoin will be the first choice for all and as long as bitcoin exists.

Yes it is very hard to beat or replace Bitcoins. You can compare the volume and market value of Alts coins as compared to bitcoin.Alts coins have competition within altcoins and ofcourse they cant come close to bitcoins.

BellaBitBit

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Quote from: avikz on June 08, 2016, 12:11:14 AM

Nothing is impossible, but it is a very hard job to replace bitcoin by any other crypto currency because bitcoin is pioneer in the crypto world. Bitcoin showed the world what crypto currency is.

So it will not be an easy task to replace the pioneer. But you never know.

I agree. Difficult to replace a pioneer of something in any realm. Bitcoin is no exception - it is the king, the beginning, the original, and much more. In the future I see Bitcoin as the gold standard to all of the other crypto innovations that succeed. There are only 21 million bitcoins EVER and many people will be happy to have at least one.

ardentvolcanoes

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i don't think i would happen because the price of altcoins are based on bitcoin . it is the leading and most recognized cryptocurrency
so it is imposible for bitcoin to be replaced by other cryptocurrencies for now .

Moneroman88

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Measured by the number of pages this topic has acquired within such a short period of time I'd say it's quite safe to assess that people do have some thoughts about Bitcoin potentially being replaced by a future cryptocurrency. I can however personally agree that this does not seem to be happening in the near future, that is to say in the next 1-2 years.

bitbunnny

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I don't beleive that it could be entirely replaced but it might get serious competition in some other cryptocurrency. At this moment this is not very likely.

Sauvonsnosculs

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The first cryptocurrency is Bitcoin and is more powerful than all other currencies, so no, I do not think it will replace.

Westinhome

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Quote from: akamit on June 09, 2016, 10:18:52 AM

According to me Bitcoin will never be replaced by any other crypto.
Because Bitcoin is the boss and it is the first cypto. So people became used to it.

Altcoins are only for trading purposes, if I am not wrong.
But Bitcoin will be the first choice for all and as long as bitcoin exists.

Bitcoin is the mother of all digital currencies. It is the reserve currency, as long as it evolves, it will not be replaced.

bloodnest

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For now, I don't see another cryptocurrency topping the king that is Bitcoin. Bitcoin could very well be compared to COD in the sense that even when newer stuff comes out and their technology is far better and advanced (no worthy big and direct competitors yet tho), it'll still be on the top (I hate COD btw just making an analogy hehe) with minor changes. Both as they are established will continue to chug along until their support dies out in favor of another or when they just become that obselete.

pereira4

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There's no real competition against Bitcoin. Whoever is selling you Bitcoin tier of protection with massive onchain transactions is selling you a lie.
Bitcoin will scale to be a worldwide used currency thanks to secondary layer solutions and it will continue being #1. Don't fall for the lies ant altcoin saviors, they all want your BTC.

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