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Topic: Will the bitcoin be outdated by another currency? - page 2. (Read 5719 times)

copper member
Activity: 336
Merit: 1
I do not think that bitcoin can be replaced by another currency.
The premise for my assertion steems from the fact that it was the inception of bitcoin lthat gave rise tpo the era of cryptocurrencies.
Bitcoin is more poplular than the rest.
Bitcoin can be said to be the "grandfather" of all other cryptocurrencies.
member
Activity: 294
Merit: 11
In any case, Bitcoin will retain its leading position for a long time. Perhaps he will work in cooperation with some other currency.
sr. member
Activity: 1246
Merit: 255
Leading Crypto Sports Betting & Casino Platform
Bitcoin is the one that lead to the existence of the term cryptocurrency. Now there were more and more digital currencies with advanced features in terms of security, transaction access and so on, still they were not able to compete with the bitcoin. This confirms that bitcoin will never be outdated by any other cryptocurrency.
jr. member
Activity: 121
Merit: 1
I don't think so, especially now that the development of the era has begun to increase, the pair of memengs is constantly growing.
sr. member
Activity: 1162
Merit: 251
It will be outdated and it's the truth. But it's status as a the mother of all altcoins will surely stay the same.  We can already some coins better than bitcoin in terms of feeless and fast transactions and bitcoin's advantage is just it's popularity. Bitcoin can still be upgraded but though it's going to be limited and the upcoming altcoins will have limitless potetntial.
We know that even today many altcoins have technologies that are more innovative and more sophisticated than bitcoin. but that does not mean that bitcoin will be replaced easily, as you say bitcoin will still be the mother of all crypto, and it will continue like that, bitcoin may be updated but it will not be as innovative as altcoins that might appear in the next few years
full member
Activity: 658
Merit: 106
For now, bitcoin is the main one, and in the next few years bitcoin can still be the most popular. But it does not rule out the possibility that there will be an altcoin that can grow big and can replace bitcoin.
if there is coins offer better technology and easy to implemented, i think that is the time to replace bitcoin.but for now on there is no coins able to replace bitcoin.
copper member
Activity: 409
Merit: 0
For now, bitcoin is the main one, and in the next few years bitcoin can still be the most popular. But it does not rule out the possibility that there will be an altcoin that can grow big and can replace bitcoin.
sr. member
Activity: 602
Merit: 250
Bitcoin is going 9yrs old, so far no alts surpasses Bitcoin. For 9yrs it remains the king. While Bitcoin is going down, no alts remains strong. All alts are crashing too. This is the best indication that Bitcoin has no replacement.
any development of cryptocurrency I think depends on the investor himself any coin is cryptocurrency, good interest and intention for investors will make everything good too, of course
sr. member
Activity: 644
Merit: 250
I believe a cryptocurrency with a better utility factor could out date Bitcoin. But this isn't going to happen in near future. Cryptos are in the development stage right now with Bitcoin at 50%+ dominance. Right now it is impossible for any coin to beat that dominance. Moreover, Bitcoin is the most used currency for executing trades. So, there is some inherent utility there as well. But when the market gets matured, we might find a coin that could replace Bitcoin.
full member
Activity: 406
Merit: 100
If the BTC is not improved, then of course sooner or later it will become obsolete. Already, it is inferior to some altcoins.
sr. member
Activity: 412
Merit: 250
any other currency is via bitcoin. Cryptocurrency is associated with bitcoin, so I think that in the near future it is
copper member
Activity: 275
Merit: 1
I think change can happen at any time, and we should never think that bitcoin will last forever, but someday it will expire by another coin, but for now and for the next few years bitcoin can still survive as the main crypto .
sr. member
Activity: 2002
Merit: 250
the problem is currently in the transaction system load, if the traffic of the blockchain transaction is high and meets the Mempool, then the transaction will experience a long queue, this blocksize problem has begun to be answered by some altcoins with their development.

the second is regulation. if bitcoin is incapable and continues to fall into obscurity between central - decentralization. the government might be more interested in altcoins that can adapt to what they want.

At present the volume of bitcoin is unmatched. but if BTC is not flexible with the sovereignty of the world economy. then btc will shift like fiat shifting gold as a medium of exchange and replaced by altcoins that are more prepared to face many things.
jr. member
Activity: 252
Merit: 1
I believe that this is unrealistic, because bitcoin has already become a brand for those who believe that cryptocurrency will always be
full member
Activity: 784
Merit: 135
DeFixy.com - The future of Decentralization
Over time, everything becomes obsolete and bitcoin is no exception, perhaps it will not start to become obsolete quickly, but in the future there will be a new coin or a new currency that will take the place of bitcoin.

I think there is no permanent thing in the world of cryptocurrency and even bitcoin will become outdated or obsolete when the time come. If bitcoin have the ability to evolve into revitalized cryptocurrency, not even the altcoin with the most advanced technology can dislodge bitcoin from the top and it will stay longer than anyone can imagine. Bitcoin is the adam of all existing and upcoming cryptocurrencies and it will not be forgotten even it become outdated and replaced by another cryptocurrencies.
That is why you should not hold bitcoin in a long period of time. As you said, there is no permanent thing in this world and bitcoin would become outdated and would have less value. If you ever earned hundreds of dollars by holding your bitcoin you should immediately sell it, That way you will earn enough and you can avoid losing..
member
Activity: 574
Merit: 12
Of course, under certain circumstances, Bitcoin can be replaced in the lead by another cryptocurrency. If Bitcoin will not improve and eliminate its shortcomings, which he has accumulated very much now, then this option is quite possible. Bitcoin must always maintain its competitiveness, otherwise the laws of the market will apply to him. Now while he continues to have the lowest throughput - only seven transactions per second. This causes concern for his future.
full member
Activity: 658
Merit: 102
Over time, everything becomes obsolete and bitcoin is no exception, perhaps it will not start to become obsolete quickly, but in the future there will be a new coin or a new currency that will take the place of bitcoin.

I think there is no permanent thing in the world of cryptocurrency and even bitcoin will become outdated or obsolete when the time come. If bitcoin have the ability to evolve into revitalized cryptocurrency, not even the altcoin with the most advanced technology can dislodge bitcoin from the top and it will stay longer than anyone can imagine. Bitcoin is the adam of all existing and upcoming cryptocurrencies and it will not be forgotten even it become outdated and replaced by another cryptocurrencies.
full member
Activity: 504
Merit: 100
It will be outdated and it's the truth. But it's status as a the mother of all altcoins will surely stay the same.  We can already some coins better than bitcoin in terms of feeless and fast transactions and bitcoin's advantage is just it's popularity. Bitcoin can still be upgraded but though it's going to be limited and the upcoming altcoins will have limitless potetntial.
member
Activity: 406
Merit: 10
My answer to the principle is: NO

Bitcoin is money, the value of money is built on confidence, tradition and security, attributes that Bitcoin offers easily. The analogy between Bitcoin and social networks is completely incorrect, people think that Bitcoin is an myspace that will be replaced by facebook. It turns out that Bitcoin is money and not a social network, so this comparison is completely wrong.

Most of mankind's wealth resides in vaults for hundreds of years, so the circulating medium is derisory close to it. Why are we going to need fast, no-fee coins if we can use paper money and banks? Bitcoin's purpose is to be a safe asset, scarce and superior to gold. What is behind Bitcoin is the fact that no politician can steal you through taxes or inflation, there is nothing safer than Blockchain and Bitcoin. So far no technologically superior currency has emerged to Bitcoin to the point of provoking an abyss between technologies and will hardly emerge.

BUY BITCOIN TODAY AND ALWAYS.

Bitcoin cannot be outdated by some altcoins out there. Bitcoin is the basis of almost every altcoins in the crypto market. Bitcoin is the beginning and it is also the end. Bitcoin in the future will be accepted by more countries and its value will increase as years goes on and on.
copper member
Activity: 409
Merit: 1
The Standard Protocol - Solving Inflation
I would rather think that bitcoin will still be the most special coin and no altcoin can reach bitcoin, and bitcoin will never be obsolete. Bitcoin is the market benchmark, and bitcoin will remain at the forefront because bitcoin is the most trusted in crypto.
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