Post
Topic
Board Economics
Re: could bitcoin be replaced by another crypto currency?
by
teamcryptonator
on 24/11/2017, 21:24:37 UTC
Thingking that way even you dont know bitcoin that much is not really understandable well people talk about this way because they tend to criticize evrything even they dont realy know much about something. Nothing could replace bitcoin because it has a headstart of a years to grow than new cryptocurrencies.
Bitcoin can’t replace regular currencies, because it is not a real currency and even lacks everything that is required of a real currency. It highly volatile, but real currencies are a near stable, and a little bit volatile (they maintain a stable price for a long time). Bitcoin is decentralized, but real currencies are Centralized. Bitcoin is not conventional, but real currencies are conventional. With all this, there is no way bitcoin can replace Fiat.
Well i believe only god knows about this kind of thing maybe we can only predict but we really dont know what would happen next.we can never tell what will be the next status of bitcoin because it is not really predictable.everytime the price may change that is why there is a big possibility that another coin will surpass bitcoin but maybe it will take a long time.
It is not far! If someday, on the world, all the people use Bitcoin to replace FIAT, the users will need to have a currency has the capacity to provide services to the entire user with long-term stability. But in the fact, look at the current system of Bitcoin, it is worse than other cryptocurrencies many much.