Topic: Will Bitcoin be replaced by another cryptocurrency? - page 54. (Read 186418 times)
Although everything is possible but for other cryptocurrency to over shadow bitcoin this a hard news i will not want to believe, the father of all crypto is bitcoin and it will always find it way to retain it position all time.
Everything can happen. Even the fact that it will be offset by another currency. But for now this is an unlikely scenario. More and more new people come to the crypto currency. They understand little and stop their attention only on bitkoin. Therefore still long time bitcoin will be number 1.
I doubt bitcoin will survive for a hundred years. Im pretty sure it won't and will be replaced by new and more advance coins.
The coins we are seeing are the first generation coins. There will be a second generation for sure and so on.
The coins we are seeing are the first generation coins. There will be a second generation for sure and so on.
A few days back, the Bitcoin dominance was close to 61%. Now it has dropped to 43%, with almost all the altcoins progressing against BTC. I was expecting Bitcoin Cash to gain at the expense of BTC, but other alts such as ETH and XRP have also increased in price when compared to Bitcoin. It just shows how frustrated the users are with the high fee.
The high fees were there a few days ago, and they've been there pretty much during the whole BTC bull run over the past month or so. A lot of this new money that is coming into the game probably isn't even aware of the issues (such as fees) that bitcoin has. Many new investors don't even have a baseline of what a good or bad fee is for cryptocurrencies.
A few days back, the Bitcoin dominance was close to 61%. Now it has dropped to 43%, with almost all the altcoins progressing against BTC. I was expecting Bitcoin Cash to gain at the expense of BTC, but other alts such as ETH and XRP have also increased in price when compared to Bitcoin. It just shows how frustrated the users are with the high fee.
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 bitcoin is complete only need to be with big blocks and cheap fee after that it’s can’t be replaces by any other coin
i believe bitcoin will be replaced by other in long time
See at the moment bitcoin is one of the most secured and trending cryptocurrecy and even its price is growing day by day.... so there are very less chances of any another currency taking over it but u never know what could happen !!
You are thinking rather short term. I do agree bitcoin will be around as long a block chains are around, which seems like forever at this point. block chain technology is just starting to get adopted on a corporate level, but I can assure you it is here to stay. so at the best case scenario will will keep on with btc, but utilize the alts in the manner that we have up to this point (some alts are just better than btc for spending as a currency). worst case, btc is 100k a pop, and pretty much a collectors item as few ppl that didnt adopt early, cant afford to have a significant amount. I think the latter is most possible; 20 years from now, having BTC will be like having old collectors coins in mint condition
I doubt that there is any other cryptocurrency or altcoin that can supersede the bitcoin. At least not for the next 5-10 years. Of course there are many rising competitors like ripple and litecoin. The newest addition to the list of its competitors is Ethereum. Ethereum has launched its own cryptocurrency called Ether that showed an exceptional growth last year making it the 2nd most popular cryptocurrency.Although, we must not forget that it’s been just a few years since the bitcoin came into existence and there’s still a long way to go. And as the time goes by, we are going to witness many other astounding aspects of this virtual currency.
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?
Bitcoin has been leading cryptocurrency as of the time being. Considering it's huge lead to it's competitors when it comes to its market cap is one of the reason why it's not easy to tell if it can be replaced. But yes it is possible, especially now that the price swing decreased a a big amount in just a matter of days and hours. Nonetheless, i still believe in bitcoin. It would take a long time to beat bitcoin or it might not be.
Whatever the mind can process it's possible in as much as you could think of it then anything can happen but may take many years
This may also happens, however when we considering all currencies, bitcoin is the most stable and trustable currency. All other currencies are like sub coins of bitcoins. In other hand we need to consider that, 21,000,000 of bitcoin will come to market in future. After that happened rewarding fee to miners will stop. Then miners are depend only on transaction fees. Then transaction fees will increased. So after considering all this, we can't predict the future.
If bitcoin will continue with this decreasement, holders will certainly worry and start looking for another cryptocurrency, so yes it possible bitcoin will be replaced so soon, unless it will grow one more time and get back to its normal statue
It will really be hard to say whether it will be replaced or not, time will tell but a lot of Alts have tried and failed maybe "the next big thing" can do the magic we are waiting. But in the real sense, Bitcoin has really come to stay and has maintain its position right up there and even other cryptos real value are determine in relation to the price of Bitcoin just like the USD in the FIAT world but who knows? The future is uncertain.
Bitcoin is getting exposed right now. Fees are too much and transaction times are too slow. It has all the mainstream hype behind it right now but really its a terrible currency. It will eventually be replaced and most likely it will be sooner than you think.
I'm actually starting to think that this might just happen sooner than later. I'm not so happy with how Bitcoin as progressed lately. (not talking about price)
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 believe it will happen, because change and change always exist. but for now bitcoin is still safe.
If Bitcoin would be introduced to the world several months ago along with several other cryptocurrencies that could be possible, but for 8 years of its existence Bitcoin proved to being always number one so now I can see no reasons for such a replacement.
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?
You can think again, Does bitcoin replaced by another cryptocurrency. Maybe you already know the answer. One main reason bitcoin is a mother of another cryptocurrency it's difficult to replace it for now . but nothing is impossible.and what would be for tomorrow.and to be truth bitcoin wont be replaced to the extent
that become obsolete because if this thing can happen to bitcoin what about those coins
that will follow bitcoin.and then and then and then.until time comes all become obsolete
In my point of view, there is a possibility that bitcoin will be
replaced by another cryptocurrency. As we all know people/users
also the reasons why bitcoin become popular. And bitcoin become
in demand because of users who brought bitcoin into the world.
Thus, there is a big chance that this will be repalced by another
cryptocurrency since its being manipulated by people also.
replaced by another cryptocurrency. As we all know people/users
also the reasons why bitcoin become popular. And bitcoin become
in demand because of users who brought bitcoin into the world.
Thus, there is a big chance that this will be repalced by another
cryptocurrency since its being manipulated by people also.
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