Topic: Will Bitcoin be replaced by another cryptocurrency? - page 60. (Read 186407 times)
It is not possible in near future but it can happen after 1-2 years because now crypto currency craze is going big and many altcoins growing due to bitcoin high price and it is not in many peoples buying range hence small investors cannot buy bitcoin and they are buying altcoins like ethereum, dash and monero.
While it is definitely possible, I don't see any other widely accepted Cryptocurrency other than Bitcoin today. That being said, I don't think it will happen just yet.
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?
In my own perspective this thing is impossible or can never be happen. The company and management of bitcoin perform excellent pin the public market;
which gives them lots of achievement that consider them the best and number one company in electronic banking industry.
Yes it makes sense. Nothing is impossible. There are already other cryptocurrencies today, and it's possible that it might be replaced, especially if the value of the new digital currency is higher than bitcoin
Yes I agree, you can never say never
As we know it seems difficult to outperform bitcoin especially now that the competition is very tight, for a newly pioneered coin will surely be hunted by a large coin coin.
to climb to the top is very difficult let alone his opponent bitcoin that now most countries have received it, I think if anyone can rival the bitcoin I think it is impossible.
Bitcoin can not be replaced by any other currency will never be replaced. The authentic proof is that it is increasing in number of investors and its value is always climbing up. So it entraps the potential investors to invest more and more in this field. Because of the fact that its value increases by increasing the number of investors. to climb to the top is very difficult let alone his opponent bitcoin that now most countries have received it, I think if anyone can rival the bitcoin I think it is impossible.
More the value of investments. More the value of bitcoin. It is as simple as you read this statement. Bitcoin is easy to invest in and it also can be obtained by digging. Some people also dig and sell their bitcoins to others.
I don't think replacing bitcoin will be possible, but having another competing crypto at the top is possible in future, especially ethereum, considering its potential to significantly increase in value in the coming years,
Bitcoin is opening doors and expanding the collective awareness.
As this awareness expands, consumers will begin looking at other competing brands. These new coins will find various niches in the space much like how with the automobile there are SUV's, sports cars, pickup trucks, etc. One of the next major currencies that will be discovered is Goldcoin.
It's something that could be attractive to central banks. Central banks around the world are aware that the international monetary system is moving away from the US dollar and that the role of cryptocurrencies will become much greater in the future. However, sudden shocks could bring the global economy into free fall.
Therefore, central banks will have no choice but to accumulate crypto reserves. Goldcoin (GLD) is ideally suited for use as a reserve currency by central banks because it's built on the original Nakamoto protocol and has been fully hardened by our 51% defense system.
So I don't think Bitcoin will be "replaced." I think it will be instead "complimented" by these other various makes and models.
And any new investor when comes to the market, watches the trends of that market. So in this way bitcoin was already secured its future. And you do not have to worry when investing in bitcoin.
Yes when Bitcoin is replaced to another cryptocurrency then Bitcoin is obsolete. But Bitcoin Price is raise rapidly so it is not required to replace. Bitcoin is more important cryptocurrency for today and topest also
Bitcoin's price is flying and rising with rocket speed.. i think bitcoin will survive always as the leader while it may have competitor but i think bitcoin is the most expensive and most well-known coin in crypto currencies. So it will stay as it is..
I completely agree with you bitcoin will always be in the first place, now there are coins that surpass bitcoin for example by anonymity, transaction speed, commissions but it is still the first.
Before you make these trades, you should understand how it will effect your taxes, since the IRS now classifies cryptocurrencies as "property." I found this paper helpful for understanding the tax implications/issues: https://scholarship.law.duke.edu/dltr/vol16/iss1/1/.
Does anyone know how Bitcoin is taxed? Also, will it change if other cryptocurrencies replace it? Trying to figure out if I should wait to trade or not...
As we know it seems difficult to outperform bitcoin especially now that the competition is very tight, for a newly pioneered coin will surely be hunted by a large coin coin.
to climb to the top is very difficult let alone his opponent bitcoin that now most countries have received it, I think if anyone can rival the bitcoin I think it is impossible.
to climb to the top is very difficult let alone his opponent bitcoin that now most countries have received it, I think if anyone can rival the bitcoin I think it is impossible.
True enough. There are so much cryptocurrencies that are released on the pretext of replacing Bitcoins but no matter how huge of a number they are, they never come close to Bitcoins. There is just so much power in it as of press time that others do not come close to its league. We can say Bitcoin is a class of its own; unique in every sense of the word.
I used think that was possible but now i see that it is not. Because no crypto currency will have the same natural distribution as bitcoin. That is unless bitcoin fcks something up very very badly. If not, bitcoin will always stay as the no:1.
Bitcoin's price is flying and rising with rocket speed.. i think bitcoin will survive always as the leader while it may have competitor but i think bitcoin is the most expensive and most well-known coin in crypto currencies. So it will stay as it is..
As we know it seems difficult to outperform bitcoin especially now that the competition is very tight, for a newly pioneered coin will surely be hunted by a large coin coin.
to climb to the top is very difficult let alone his opponent bitcoin that now most countries have received it, I think if anyone can rival the bitcoin I think it is impossible.
to climb to the top is very difficult let alone his opponent bitcoin that now most countries have received it, I think if anyone can rival the bitcoin I think it is impossible.
It depends. Something better will come along - it's inevitable. There are always new developments, and the first use case is almost never the peak of its use.
The question is how quickly Bitcoin will adapt and ramp up, or if it will stay in its current incarnation and become outdated.
Honestly, if the world accept cryptocurrency is the payment method legally, I am sure Bitcoin does not have enough power to supply all people of the world. Just a small community as now made Bitcoin system got many times crashed and bottlenecks, I can not imagine the future is this currency become famous on worldwide and used by all people. The question is how quickly Bitcoin will adapt and ramp up, or if it will stay in its current incarnation and become outdated.
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It depends. Something better will come along - it's inevitable. There are always new developments, and the first use case is almost never the peak of its use.
The question is how quickly Bitcoin will adapt and ramp up, or if it will stay in its current incarnation and become outdated.
The question is how quickly Bitcoin will adapt and ramp up, or if it will stay in its current incarnation and become outdated.
I don’t believe that bitcoin can replace by the other cryptocurrency. Bitcoin has most advantages more than to others cryptocurrency. The other reason bitcoin is the mothers of all the cryptocurrency.
I'm pretty sure that bitcoin has and will be the future's cryptocurrency, but bitcoin has ups and downs, so I'm not yet totally decided if bitcoin would be consistent or it will be replaced by a much better cryptocurrency, but still I think bitcoin has a very long way to go.
Probably bitcoin will become the top currency. Bitcoin still the more demands on the markets because of the majority of the investor. No other cryptocurrency can ever replace bitcoin for this generation because of the continuously increasing the price.
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