Will BTC be replaced by a new one someday?

[pieppiep]

Bitcoin can never be replaced by any currency neither will any of these coin take over bitcoin, the only that could affect bitcoin is power and without power in most of the countries it could be hard to use the bitcoin unlike gold that doesn't need power rather you can have them physically as property that is only place and area I think gold has advantage over bitcoin. But one thing for sure is that bitcoin is a digital currency just like similar to gold or do I say is a digital gold?

So far, I also don't see a chance of another coin to replace Bitcoin. It is not only about the power of Bitcoin but it is also about the role of Bitcoin and its historical side. There is no other crypto coins which have the similarity as Bitcoin, even Ethereum is quite different with Bitcoin. We know Ethereum as the king of altcoins, it even has no ability to take over Bitcoin.

Yep. Many people assume Bitcoin has the similarity as Gold because the uniqueness of Bitcoin. The number of Gold is limited in the world, Bitcoin supply is also very limited. It is different with other crypto coins which many of them have large number of supply. Even there are crypto coins which have unlimited supply. And there are many other similarities between Gold and Bitcoin.

well I don't have this knowledge that gold is limited and I still don't believed that since gold can be extracted from the ground in the region that produces and there no specific amount to quantify gold. Although people believed that it is limited but not, unlike bitcoin that we know it has a fixed figure and digits of supply we have.

The amount of gold is very large, but currently it is very difficult to find. Gold which is currently still buried underground is not like other valuable assets that can be found or created by breaking blocks from mining using machines. Since ancient times, gold has existed and been collected by many kings for their collections, until now the gold has sunk underground and even under the vast ocean where it is very difficult to get it back. But, the minerals used to make gold are not easy to find, which ultimately makes the price of gold very expensive, as is currently the case. Bitcoin and Gold are very different. As you said Bitcoin has a limited supply with very high demand because it can be used to buy anything we want in this world so it has a very expensive price. If Bitcoin couldn't be used to buy what we want in this world then it certainly wouldn't have such an expensive price.

[Pastaral]

Bitcoin is one of the most expensive cryptocurrencies.  Almost people in all regions know about Bitcoin.  Bitcoin investors are still brave enough to invest due to the fact that Bitcoin is slowly recovering from history.  Because they know how profitable it is.  But the Bitcoin market is currently dumping but it doesn't seem like it will last much longer.  Because we have seen Bitcoin market fluctuate like this since history.

[Ricardo11]

Bitcoin is one of the most expensive cryptocurrencies.  Almost people in all regions know about Bitcoin.  Bitcoin investors are still brave enough to invest due to the fact that Bitcoin is slowly recovering from history.  Because they know how profitable it is.  But the Bitcoin market is currently dumping but it doesn't seem like it will last much longer.  Because we have seen Bitcoin market fluctuate like this since history.

Fluctuations in value are the nature of every coin. They are always rising and falling. So there is nothing to fear about them. Now that the price is at the dump, it will recover again. A good look at Bitcoin's past shows how volatile it is, and how likely it is to recover. Bitcoin has been up and down since its inception And that's how it got this far. So it assured it will pump big again. And this dumping is another buying opportunity.

[SmartGold01]

well I don't have this knowledge that gold is limited and I still don't believed that since gold can be extracted from the ground in the region that produces and there no specific amount to quantify gold. Although people believed that it is limited but not, unlike bitcoin that we know it has a fixed figure and digits of supply we have.

The amount of gold is very large, but currently it is very difficult to find. Gold which is currently still buried underground is not like other valuable assets that can be found or created by breaking blocks from mining using machines. Since ancient times, gold has existed and been collected by many kings for their collections, until now the gold has sunk underground and even under the vast ocean where it is very difficult to get it back. But, the minerals used to make gold are not easy to find, which ultimately makes the price of gold very expensive, as is currently the case. Bitcoin and Gold are very different. As you said Bitcoin has a limited supply with very high demand because it can be used to buy anything we want in this world so it has a very expensive price. If Bitcoin couldn't be used to buy what we want in this world then it certainly wouldn't have such an expensive price.

Yes that is it but currently bitcoin is more accessible and can be purchased by anyone who have access to the internet and it's not restricted to anyone be it rich and poor still have access to bitcoin unlike Gold you must have some certain amount to purchase it and this could depend on the gram of what you purchasing unlike bitcoin that is being measured in Satoshi.

[Dr.Bitcoin_Strange]

well I don't have this knowledge that gold is limited and I still don't believed that since gold can be extracted from the ground in the region that produces and there no specific amount to quantify gold. Although people believed that it is limited but not, unlike bitcoin that we know it has a fixed figure and digits of supply we have.

The amount of gold is very large, but currently it is very difficult to find. Gold which is currently still buried underground is not like other valuable assets that can be found or created by breaking blocks from mining using machines. Since ancient times, gold has existed and been collected by many kings for their collections, until now the gold has sunk underground and even under the vast ocean where it is very difficult to get it back. But, the minerals used to make gold are not easy to find, which ultimately makes the price of gold very expensive, as is currently the case. Bitcoin and Gold are very different. As you said Bitcoin has a limited supply with very high demand because it can be used to buy anything we want in this world so it has a very expensive price. If Bitcoin couldn't be used to buy what we want in this world then it certainly wouldn't have such an expensive price.

Yes that is it but currently bitcoin is more accessible and can be purchased by anyone who have access to the internet and it's not restricted to anyone be it rich and poor still have access to bitcoin unlike Gold you must have some certain amount to purchase it and this could depend on the gram of what you purchasing unlike bitcoin that is being measured in Satoshi.

That's a great point! One major unique selling point of Bitcoin is that it is relatively liquid; it is easy for anyone with an internet connection and some money to purchase at least a fraction of a Bitcoin. This general accessibility is a major advantage Bitcoin possess compared to other traditional assets as gold, which tend to have large amounts of capital required for purchasing the asset and its storage. The small units in which bitcoin can be subdivided, which is the satoshi show how malleable and accessible it is even for small use and in trading. This has helped in the acceptance of bitcoins across the world and especially in the developing nations where the people have no easy access to other forms of financial mechanisms.

[SmartGold01]

Yes that is it but currently bitcoin is more accessible and can be purchased by anyone who have access to the internet and it's not restricted to anyone be it rich and poor still have access to bitcoin unlike Gold you must have some certain amount to purchase it and this could depend on the gram of what you purchasing unlike bitcoin that is being measured in Satoshi.

That's a great point! One major unique selling point of Bitcoin is that it is relatively liquid; it is easy for anyone with an internet connection and some money to purchase at least a fraction of a Bitcoin. This general accessibility is a major advantage Bitcoin possess compared to other traditional assets as gold, which tend to have large amounts of capital required for purchasing the asset and its storage. The small units in which bitcoin can be subdivided, which is the satoshi show how malleable and accessible it is even for small use and in trading. This has helped in the acceptance of bitcoins across the world and especially in the developing nations where the people have no easy access to other forms of financial mechanisms.

Of course bitcoin can't be compared to any other traditional asset out there because of its advantageous value and is more accessible compared to the rest out there, if not for the volatility nature of bitcoin what more, I believed by now it could had been legalized as legal tend that is generally acceptable in all nations and this could had over shadowed all traditional assets.

[MUGNIA]

Yes that is it but currently bitcoin is more accessible and can be purchased by anyone who have access to the internet and it's not restricted to anyone be it rich and poor still have access to bitcoin unlike Gold you must have some certain amount to purchase it and this could depend on the gram of what you purchasing unlike bitcoin that is being measured in Satoshi.

That's a great point! One major unique selling point of Bitcoin is that it is relatively liquid; it is easy for anyone with an internet connection and some money to purchase at least a fraction of a Bitcoin. This general accessibility is a major advantage Bitcoin possess compared to other traditional assets as gold, which tend to have large amounts of capital required for purchasing the asset and its storage. The small units in which bitcoin can be subdivided, which is the satoshi show how malleable and accessible it is even for small use and in trading. This has helped in the acceptance of bitcoins across the world and especially in the developing nations where the people have no easy access to other forms of financial mechanisms.

Of course bitcoin can't be compared to any other traditional asset out there because of its advantageous value and is more accessible compared to the rest out there, if not for the volatility nature of bitcoin what more, I believed by now it could had been legalized as legal tend that is generally acceptable in all nations and this could had over shadowed all traditional assets.

In terms of price, Bitcoin is indeed superior at the moment, unlike gold, but everyone has their own views on which is the best investment. For people who have a high fear of the risk of losing Bitcoin, it might be better to save gold for their investment.

[Z-tight]

In terms of price, Bitcoin is indeed superior at the moment, unlike gold, but everyone has their own views on which is the best investment. For people who have a high fear of the risk of losing Bitcoin, it might be better to save gold for their investment.

Gold is more of a store of value that BTC, because it tends to retain its value, even in economic crisis; so like you said, some people who want a more stable asset would go with gold. However, with low risk comes low reward, so for people who want to make good returns on investment, they'll go for BTC. The two assets are recommend, and it is better to buy the two of them if you can.

[kulkhan]

No it is impossible never will happen that. Bitcoin is boss of all cryptocurrency. There has no any compitator. Marketcap, volume, usability everything incomparable. So there has no any chance to replace by any other crypto. Bitcoin is first cryptocurrency in this market. And all other crypto created by following Bitcoin. So Bitcoin will be more acceptable day by day.

[Z-tight]

No it is impossible never will happen that. Bitcoin is boss of all cryptocurrency.

The problem that altcoins have is that they do not have any usefulness, just pump and dump; so many times in this industry we've heard many altcoin project devs call their coins 'the next BTC', but so many of those coins have failed and are no longer in the market. The reason is that they never had utility, only hype, BTC is useful and that is why it can never fail, people would always need it for one thing or the other.

[Dr.Bitcoin_Strange]

Bitcoin can't be replaced by any crypto coin, Bitcoin is what has been given other coin Hope and is like the head of cryptocurrency without Bitcoin there will be no cryptocurrency development, Bitcoin is the only coin that is accepted in many countries and with the long term growth and impact it has made for years now.
Bitcoin is a decentralized coin and can't be affected by any government policy or war, I don't think any coin will grow more than Bitcoin they will always be under Bitcoin.
Bitcoin will always remain the best in the world.

When you talk about being replaced by other investment, sure other better investment will come which could be better than Bitcoin investment, who will ever imagine 20 years back from now that an investment like Bitcoin will come in place and become one of the best investment in the world right now, as time goes on other investment will come which may be more better.
However the only investment that can replace Bitcoin is an investment that can accommodate the poor and can be done anywhere in the world without any government policy accepting it.
But one should not wait for any investment coming in the future is better you engage in Bitcoin now since it's a good investment and since it has not reached half of it's growth.

[Muneeb22]

This is not possible becasue the BTC is the top coin in the crypto market and this time we know that the market will just run the BTC and if the BTC will go high all the coins will move on and if the BTC will comes down all the coins will comes down. Crypto is the best market in the world and this is the future.

[JoyMarsha]

We see a major event in the form of a transition from the ancient era to the modern era...it is also a challenge in itself for any company or platform to be able to survive following the development of the era....

Including Bitcoin... will one day we leave Bitcoin too and remember it as history?? Bitcoin is only 15 years old, very young compared to gold... According to some researchers, gold was first discovered in 2450 BC, meaning that until now the age of gold is 4473 years...

Is Bitcoin able to survive like gold??? Or will it soon be replaced with a new one?

In terms of bitcoin surviving like gold, I don't think it will. But for bitcoin replacement, I don't think, there's any found worthy coin that will take its position as king of crypto.

Gold was first discovered in 2450 BC before humanity thought of the birth of Satoshi, who invented Bitcoin. on that note, Gold is well-known compared to Bitcoin. However, we don't know what the future will be after all the 21 million bitcoin have been halved and what follows next in the upper years, like to say 10-20 years

[TomPluz]

No it is impossible never will happen that. Bitcoin is boss of all cryptocurrency.

The problem that altcoins have is that they do not have any usefulness, just pump and dump; so many times in this industry we've heard many altcoin project devs call their coins 'the next BTC', but so many of those coins have failed and are no longer in the market. The reason is that they never had utility, only hype, BTC is useful and that is why it can never fail, people would always need it for one thing or the other.

I always find it laughable that when a new altcoin is claiming to be the next big thing in the world of cryptocurrency and will soon be replacing or at least at par with Bitcoin, it would soon be sinking into the ground never to be seen again or just a floating garbage in the sea of so many. As of now, I see no other crypto platform that will replace Bitcoin and it can be so true for the next 10 years. Even Ethereum which is the number two in terms of popularity and marketcap, I don't think it would ever overtake Bitcoin in many aspects. We are in the industry where hypes and exaggerations are quite normal...sometimes this approach can be clouding our judgement and can lead us to nowhere.

[bayu7adi]

As of now, I see no other crypto platform that will replace Bitcoin and it can be so true for the next 10 years. Even Ethereum which is the number two in terms of popularity and marketcap, I don't think it would ever overtake Bitcoin in many aspects. We are in the industry where hypes and exaggerations are quite normal...sometimes this approach can be clouding our judgement and can lead us to nowhere.

From the cryptocurrency world, it seems that I don't see altcoins as a serious threat to Bitcoin's existence... but I'm more worried if something new emerges from another realm (not from cryptocurrency)... according to my friends here, what innovations can Bitcoin create in the future? Of course, it makes it a concern for us if it turns out that Bitcoin has to get stuck or can't grow anymore... considering that the current era is very dynamic so everything in this world must also adjust to the era.