Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin be replaced by another cryptocurrency?
by
Sled
on 23/11/2016, 16:34:07 UTC
bitcoin is popular but its possible that any other cryptocurrency replaces bitcoin it can be by yhe price or by other factors. no matter what it is but we know bitcoin is going ro gather a lot more popularity when all the 21bitcoins will be mined

Do you really think that another crypto currency will come and survive for so many years like bitcoin and gain a price and popularity like bitcoin and then it will replace bitcoin? That does not seem to be happening, bitcoin has almost everything a person might want from a crypto currency so i don't see any reason bitcoin getting replaced.
yeah while another crypto growing , bitcoin itself growing faster
it's pretty clear that bitcoin is mother of crypto currency
now it's like 'can you be a parent of your mother' ?
just think about it , bitcoin is too big , too popular .

While bitcoin is growing faster, this is making other crypto currency growing fast too. But this will be hard for those other crypto's that doesn't have equivalent popularity with bitcoin. As bitcoin is the most well known crypto so this is very impossible thing for another crypto to replace what is being experienced by bitcoin today.
there is a lot of facts that another cryptocurrency cannot achieve
first the bitcoin ecosystems have been more established more than any other crypto currency
then bitcoin popularity hard to beat, required a long time to build popularity
end of wods bitcoin is irreplaceable at least for now.

Yes that's why it another crypto aims to replace the position of bitcoin now. That is going to be a hard way for them and just like what is happening now. There are a lot of crypto's that has the same characteristics with bitcoin but still us and other people are keep on using bitcoins and don't even want to shift to other projects that are coming out.
required a lot of times to build reputation and networking to make this happen
i stated clearly bitcoin is irreplaceable , nothing can switch it
the bitcoin community is the largest
only miracle and an altcoin breakthrough features could replace bitcoin
As of now, you are right bitcoin is irreplaceable and our community have the largest number in case of supporters but we can't stick to that word "only miracle and an altcoin breakthrough features could replace bitcoin" because we can't be sure that bitcoin will be stable for the next 20 or more years because we know that there is a event that we called halvening where the bitcoin block reward will be half and the mining difficulty will be higher and higher and so on. If that happens many miners will find a new one or another crypto-currency that can satisfy their needs both in profit and expenses. If they find another one that is giving much better income than bitcoin then they will push that coin and continue to support that new coin rather than sticking on  bitcoin. Its all about stability and the profit that it gives and second is the features of a coin. We can't predict the future, So just enjoy on what we have now.