Will Bitcoin be replaced by another cryptocurrency? - page 25.

shoreno

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Quote from: Watashi Yamashita on March 12, 2018, 01:07:10 PM

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?

There is always a possibility that bitcoin would be dethroned in the near future. Bitcoin has been dominating for a long time already but there are a lot of cryptocurrencies rising nowadays which shows up as a threat to bitcoin. If we would look at it carefully, we can see that bitcoin's value has been falling down a lot lately causing panic to some investors but let us still hope that it would rise up again soon and dominate still for a longer time.

bitcoin is decreasing but that doesnt mean it can be replaced by some other currencies, you know all of the cryptos have a different characteristics and usage, they maybe different in prices but their usage is what makes them unique and i think that wont make them change or make a competition to each other. bitcoin wont be replaced by other coins even other coins have greater value , bitcoin will still be bitcoin and we will still use it as a mainstream currency in order to do payments and other services such as investing or trading.

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Bitcoin has already gain popularity therefore it is hard to replace it by new currency, the volume is already big and we are seeing now is the exchanges that accepts bitcoin only.

Being the first mover in the markets, it has many advantages over other cryptocurrencies whatsoever. Of course, it's behind other alts which have better speeds and cheaper fees, but up to date, it's the strongest cryptocurrency in existence. Among many people, Bitcoin is digital gold. It would be nearly impossible for any cryptocurrency to replace it, unless it comes with a better technology which address all the underlying issues within the pioneer cryptocurrency.

Every day, Bitcoin grows in user adoption and acceptance worldwide. Therefore, the more it grows, the harder it will be for any other cryptocurrency to overcome it in terms of market cap and popularity. The closest one to overcoming Bitcoin is Ethereum but it might replace Bitcoin as its supply is limited which gives it inflation over the long term.

Nevertheless, Bitcoin is the original cryptocurrency which has brought us the basis of blockchain technology. Every other cryptocurrency is also based on blockchain technology, so that makes them copies of Bitcoin which can never replace it in the future. Just my opinion

Watashi Yamashita

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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?

There is always a possibility that bitcoin would be dethroned in the near future. Bitcoin has been dominating for a long time already but there are a lot of cryptocurrencies rising nowadays which shows up as a threat to bitcoin. If we would look at it carefully, we can see that bitcoin's value has been falling down a lot lately causing panic to some investors but let us still hope that it would rise up again soon and dominate still for a longer time.

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BTC is supplanted as the primary digital money on the grounds that everybody who is new to cryptographic forms of money would consider Bitcoin. For instance, when I was presented, I believed that Bitcoin was the main digital money. (I am clearly off-base). In this way, everybody would utilize Bitcoin instead of different digital currencies. These are my conclusions.

ewonardo

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Quote from: Klestar on March 12, 2018, 12:54:02 PM

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?

Anything could happen, but I do not think it will happen soon, bitcoin is at its peak and it is more popular than any atcoins due to volume and its supporters. I am also a bitcoin enthusiast so my trust and confidence of bitcoin is very high as it could become the global currency in the future.

For the crypto world, of course Bitcoin will always be there. Maybe Bitcoin not be perfect, but it will be always as a benchmark for other Altcoins.
Bitcoin already in a stable position that can't break so easily. And the feature which is given by Bitcoin those making Bitcoin strong, so make people are keep stay and trust with Bitcoin.

Klestar

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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?

Anything could happen, but I do not think it will happen soon, bitcoin is at its peak and it is more popular than any atcoins due to volume and its supporters. I am also a bitcoin enthusiast so my trust and confidence of bitcoin is very high as it could become the global currency in the future.

ooeygooeygold

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Bitcoin would'nt be replaced by other cryptocurrency now. Bitcoin is the father of cryptocurrency and It will not replaced now. But it has a tendency in the future It could be replace by other coin, It is depending on the situation.

CryptoPsycho

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Yes, bitcoin can be replaced by another cryptocurrency but not now. It will take a lot of time because everything nowadays goes through bitcoin.

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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 don't believe at this point in time it makes any sense to think Bitcoin could be obsolete, even back when the question was posed it didn't make any sense. Bitcoin could become second fiddle to a superior coin, but that also I put at a minuscule chance of under 0.01%.

baydewant96

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I think it's all going to happen, but for when it may be a long time, we'll wait until there is a crypto currency that can outperform bitcoin in everything. but for the next 10 years I think bitcoin is still irreplaceable, because the day bitcoin is getting more popular in the world and is increasingly used by people to transact and also invest. And altcoin's popularity is still less than bitcoin, and few people use altcoin to transact and make it a profitable investment asset. So we wait for the emergence of the new crypto currency because it is difficult to beat bitcoin in several factors

haster100

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technically i do not believe your speculation bitcoin replace by another cryptocurrency bitcoin is on top among us those altcoins they are have no value without bitcoin if bitcoin replace by another i think the cryptoworld is back to zero for that mind thinking.

Ian11

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For me it is possible but it is hard and takes much time to replace bitcoin of other cryptocurrency. Bitcoin have many experiences and can't be easy replaced by other cryptocurrency.

bookhg

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I think time has proved everything, and it gives the answer to this question. The answer is no, Bitcoin will always occupy the dominating position of the cryptocurrency market, because it is higher than other currencies implied technology, higher visibility, safe and reliable.

oracleongoodbye

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There is always this possibility that someone will take the seat of bitcoin as the number one cryptocurrency but no one can replace bitcoin in terms of what it has done to the financial and investment world. Pioneer will always get the credit even if it become obsolete. But the demise of bitcoin depends on the decision of those who have the authority over the changes and implementations of bitcoin

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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?

It is really possible that one-day bitcoin will get replaced by another cryptocurrency but as we are right now bitcoin will be still the first of everything. We don't know what is the future of cryptocurrency yet as there are still many aspects need to consider with bitcoin. As we can do right now is appreciate its value and think what advantages we can do with it. We can only hope for the best in the future.

Hasitha1001

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it's not impossible to happen. We all know that bitcoin has the greatest value in all cryptocurrency

hatun

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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?

Future is uncertain. But, at present there are no currencies that can replace bitcoin. The level of popularity, acceptance and momentum bit coin has, can not br replaced by any other coin in near future.

Lorna t

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I think bitcoin had some issues that
It needed an address I just can't see
any reason why I make the bitcoin replaced
by a cryptocurrency not unless a user
Exist and base of bitcoin is really losing
Confidence for bitcoin and exudos in another
Crypto occurred then bitcoin will be there
to stay .most cryptocurrency is a reachable in popularity of bitcoin as it .has now but it would
just co - exist with bitcoin too much like
friendly in this competition.

dbstmddhks

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Bitcoin will always exist in some form and will probably be the most dominate cryptocurrency for a long time, atleast in our lifetime. I can see it lose % dominance compared to ALL cryptocurrency but it should be the number one digital asset in the world I believe.

Genosx

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Actually it is impossible to happen since the company of bitcoins has a great success in field of cryptocurrency through this they cannot be easily defeated or beat by any other coins in cryptocurrency.

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