Will BTC be replaced by a new one someday?

[Asiska02]

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?

This is something that is uncertain just like how the price of bitcoin is uncertained and we don’t know how long it will take for it to reach some particular price. The bitcoin market has had a lot of dominance and gained a lot of attention from its users globally. We can’t say for sure if there will be something better than bitcoin in terms of financial freedom and a trusted investable asset for the long term. We never knew the banks will today have a competitor that offers some unique characteristics better than them, but when they came, they were embraced. We may see something new coming again but I don’t think it’ll be anytime soon. It will take a long time from now for it to happen as people are already focused on this and want to see how it propagates further.

[Freemind]

When Bitcoin Cash appeared, it was a moment of complete uncertainty. Some thought it was a new Bitcoin and the old one could be thrown in the trash. And some said it was just another shitcoin, and the first Bitcoin would remain gold. And so it happened. Bitcoin remained digital gold number one.

I don't know how many people thought that Bitcoin Cash would be the "new" Bicoin, but I hope there were very few people who actually believed in something like that. Bitcoin forks only serve to attract new money in the form of investment, trying to convince people that the team launching the new fork is in possession of Satoshi's true authority and vision. Personally, I think that all those forks are worthless, and the truth is that there are many.

List of bitcoin forks.

I don't think Bitcoin can ever be replaced by another coin. At least it won't be replaced by another blockchain based coin. We are oblivious to everything that is to come.

[Wiseman]

I don't know how many people thought that Bitcoin Cash would be the "new" Bicoin, but I hope there were very few people who actually believed in something like that. Bitcoin forks only serve to attract new money in the form of investment, trying to convince people that the team launching the new fork is in possession of Satoshi's true authority and vision. Personally, I think that all those forks are worthless, and the truth is that there are many.

List of bitcoin forks.

I don't think Bitcoin can ever be replaced by another coin. At least it won't be replaced by another blockchain based coin. We are oblivious to everything that is to come.

Wherever there is a central management of a huge amount of emission and a team that (supposedly promotes this project) that absorbs a huge budget for promotion will never replace bitcoin, I believe that only stablecoins can do this, but now there are some problems with them regarding the liquidity of these stablecoins, as soon as they solve this problem and remove the over-enrichment, only then will this coin be able to replace bitcoin.

[pieppiep]

I don't know how many people thought that Bitcoin Cash would be the "new" Bicoin, but I hope there were very few people who actually believed in something like that. Bitcoin forks only serve to attract new money in the form of investment, trying to convince people that the team launching the new fork is in possession of Satoshi's true authority and vision. Personally, I think that all those forks are worthless, and the truth is that there are many.

List of bitcoin forks.

I don't think Bitcoin can ever be replaced by another coin. At least it won't be replaced by another blockchain based coin. We are oblivious to everything that is to come.

Wherever there is a central management of a huge amount of emission and a team that (supposedly promotes this project) that absorbs a huge budget for promotion will never replace bitcoin, I believe that only stablecoins can do this, but now there are some problems with them regarding the liquidity of these stablecoins, as soon as they solve this problem and remove the over-enrichment, only then will this coin be able to replace bitcoin.

Well,stablecoins have great potential in providing the stability needed by the market, especially in daily transactions. But what is interesting is how Bitcoin remains a symbol of pure decentralization, something that stablecoins struggle to match due to their attachment to real-world assets and centralized management. The challenge is to create a balance between liquidity and decentralization, two things that have not been fully realized in stablecoins so far.

[ABCbits]

When Bitcoin Cash appeared, it was a moment of complete uncertainty. Some thought it was a new Bitcoin and the old one could be thrown in the trash. And some said it was just another shitcoin, and the first Bitcoin would remain gold. And so it happened. Bitcoin remained digital gold number one.

I don't know how many people thought that Bitcoin Cash would be the "new" Bicoin, but I hope there were very few people who actually believed in something like that.

It's more than few people, since there are some website talk specifically about BCH and even fair amount of merchant who accept BCH. But after years, it's clear BCH community and usage doesn't grow much.

Bitcoin forks only serve to attract new money in the form of investment, trying to convince people that the team launching the new fork is in possession of Satoshi's true authority and vision. Personally, I think that all those forks are worthless, and the truth is that there are many.

List of bitcoin forks.

Wikipedia only list very few fork, which create new coin. But according to https://forkdrop.io/list-of-bitcoin-forks, there are at least 105 of such forks where only few worth to be claimed and sold.

[Hisbullah]

I don't know how many people thought that Bitcoin Cash would be the "new" Bicoin, but I hope there were very few people who actually believed in something like that. Bitcoin forks only serve to attract new money in the form of investment, trying to convince people that the team launching the new fork is in possession of Satoshi's true authority and vision. Personally, I think that all those forks are worthless, and the truth is that there are many.

List of bitcoin forks.

I don't think Bitcoin can ever be replaced by another coin. At least it won't be replaced by another blockchain based coin. We are oblivious to everything that is to come.

Wherever there is a central management of a huge amount of emission and a team that (supposedly promotes this project) that absorbs a huge budget for promotion will never replace bitcoin, I believe that only stablecoins can do this, but now there are some problems with them regarding the liquidity of these stablecoins, as soon as they solve this problem and remove the over-enrichment, only then will this coin be able to replace bitcoin.

Well,stablecoins have great potential in providing the stability needed by the market, especially in daily transactions. But what is interesting is how Bitcoin remains a symbol of pure decentralization, something that stablecoins struggle to match due to their attachment to real-world assets and centralized management. The challenge is to create a balance between liquidity and decentralization, two things that have not been fully realized in stablecoins so far.

The popularity of stablecoins will never be able to compete with bitcoin because stable coins are only used in transactions and to save assets when the market is about to experience a sharp correction. Investors who are always looking for profit from their investments will not hold many assets in stable coins except after the bullish season to prepare to buy coins in the bearish season, almost all investors will prepare UST.

[summonerrk]

When Bitcoin Cash appeared, it was a moment of complete uncertainty. Some thought it was a new Bitcoin and the old one could be thrown in the trash. And some said it was just another shitcoin, and the first Bitcoin would remain gold. And so it happened. Bitcoin remained digital gold number one.

I don't know how many people thought that Bitcoin Cash would be the "new" Bicoin, but I hope there were very few people who actually believed in something like that. Bitcoin forks only serve to attract new money in the form of investment, trying to convince people that the team launching the new fork is in possession of Satoshi's true authority and vision. Personally, I think that all those forks are worthless, and the truth is that there are many.

List of bitcoin forks.

I don't think Bitcoin can ever be replaced by another coin. At least it won't be replaced by another blockchain based coin. We are oblivious to everything that is to come.

I completely agree with you, but at that moment I personally did not know what future awaited us. Now we see that all forums are useless, and most of course sold their Bitcoin Cash, but then it was quite logical to think that cryptocurrency is technology, which means old technologies should become a thing of the past, and new ones should take their place.

[Wiseman]

I don't know how many people thought that Bitcoin Cash would be the "new" Bicoin, but I hope there were very few people who actually believed in something like that. Bitcoin forks only serve to attract new money in the form of investment, trying to convince people that the team launching the new fork is in possession of Satoshi's true authority and vision. Personally, I think that all those forks are worthless, and the truth is that there are many.

List of bitcoin forks.

I don't think Bitcoin can ever be replaced by another coin. At least it won't be replaced by another blockchain based coin. We are oblivious to everything that is to come.

Wherever there is a central management of a huge amount of emission and a team that (supposedly promotes this project) that absorbs a huge budget for promotion will never replace bitcoin, I believe that only stablecoins can do this, but now there are some problems with them regarding the liquidity of these stablecoins, as soon as they solve this problem and remove the over-enrichment, only then will this coin be able to replace bitcoin.

Well,stablecoins have great potential in providing the stability needed by the market, especially in daily transactions. But what is interesting is how Bitcoin remains a symbol of pure decentralization, something that stablecoins struggle to match due to their attachment to real-world assets and centralized management. The challenge is to create a balance between liquidity and decentralization, two things that have not been fully realized in stablecoins so far.

And is it possible to solve them somehow? I haven’t asked myself this question yet, if you think about it, then simply no one needs it, I mean that, for example, Bitcoin was somehow written and that’s it and nothing else was done, but with stablecoins, a lot of different manipulations will have to be done and an infusion of huge amounts of capital, if you have a different opinion on this matter, then write, let’s discuss it.

[summonerrk]

Bitcoin is not going anywhere because it has already passed the test of photos. For example, Bitcoin Cash is already in the trash, but it was the most hyped and promising. Therefore, time has shown that there is Bitcoin and only it. It cannot be displaced.

[pieppiep]

Bitcoin is not going anywhere because it has already passed the test of photos. For example, Bitcoin Cash is already in the trash, but it was the most hyped and promising. Therefore, time has shown that there is Bitcoin and only it. It cannot be displaced.

Agreed, With the progression of the crypto world we can only observe that the possible of the blockchain technology is endless, new projects are being created. Although many would like to bring other solutions, Bitcoin still remains a leader and an icon in this world of digital systems. Peculiarities of the support from the global community and integration with the largest financial organizations also contribute to the confirmation of this thought, despite other technologies are more developed and can be oriented to specific options.

[Freemind]

~snip~
Wikipedia only list very few fork, which create new coin. But according to https://forkdrop.io/list-of-bitcoin-forks, there are at least 105 of such forks where only few worth to be claimed and sold.

You're right, but of those 105 forks, Wikipedia lists those that have had the most popularity and "acceptance" by the crypto community. Thinking about it, creating a fork doesn't require much time or knowledge nowadays, the really difficult thing is getting the community to accept it depending on the vision (which is quite difficult) of the fork. Personally I don't care about the forks that have appeared or those that may appear in the future, since everyone has the same objective without contributing too much, money. There is only one Bitcoin and we all know very well which one it is.

[Legion]

I don't know how many people thought that Bitcoin Cash would be the "new" Bicoin, but I hope there were very few people who actually believed in something like that. Bitcoin forks only serve to attract new money in the form of investment, trying to convince people that the team launching the new fork is in possession of Satoshi's true authority and vision. Personally, I think that all those forks are worthless, and the truth is that there are many.

List of bitcoin forks.

I don't think Bitcoin can ever be replaced by another coin. At least it won't be replaced by another blockchain based coin. We are oblivious to everything that is to come.

Wherever there is a central management of a huge amount of emission and a team that (supposedly promotes this project) that absorbs a huge budget for promotion will never replace bitcoin, I believe that only stablecoins can do this, but now there are some problems with them regarding the liquidity of these stablecoins, as soon as they solve this problem and remove the over-enrichment, only then will this coin be able to replace bitcoin.

Well,stablecoins have great potential in providing the stability needed by the market, especially in daily transactions. But what is interesting is how Bitcoin remains a symbol of pure decentralization, something that stablecoins struggle to match due to their attachment to real-world assets and centralized management. The challenge is to create a balance between liquidity and decentralization, two things that have not been fully realized in stablecoins so far.

And is it possible to solve them somehow? I haven’t asked myself this question yet, if you think about it, then simply no one needs it, I mean that, for example, Bitcoin was somehow written and that’s it and nothing else was done, but with stablecoins, a lot of different manipulations will have to be done and an infusion of huge amounts of capital, if you have a different opinion on this matter, then write, let’s discuss it.

Bitcoin is quite uncomplicated in terms of function; it’s intended to act as a mean of exchange which has a fixed model and little flexibility. Stablecoins are somewhat more complicated as they must remain pegged to another asset like the US dollar, which therefore employs different mechanisms to manage volatilities and anchors.

They are usually influenced through large capital inflows, and also through tightly maintaining the reserves in order to keep the prices stable. It can also include activities such as arbitrage, in which assets are switched from the stablecoin and another commodity in a bid to sustain a fixed exchange rate for a preferred value. Unlike Bitcoin that is based on the pure ideas of decentralization and market forces, stablecoins need extra layers to provide the desired stability of their prices. Therefore, in this case, the need for various forms of capital manipulations and management is even more.

[Parzival204]

it could be that in the future BTC will be replaced by another more promising coin. If BTC is satisfied with its current position, without updating and adding things that make this coin special
but for now BTC is still above other coins and is still attractive to people people and investors to invest in BTC
because BTC is actually still strong in this position with investors who are already comfortable investing their money through BTC

[doc]

Bitcoin is not going anywhere because it has already passed the test of photos. For example, Bitcoin Cash is already in the trash, but it was the most hyped and promising. Therefore, time has shown that there is Bitcoin and only it. It cannot be displaced.

Agreed, With the progression of the crypto world we can only observe that the possible of the blockchain technology is endless, new projects are being created. Although many would like to bring other solutions, Bitcoin still remains a leader and an icon in this world of digital systems. Peculiarities of the support from the global community and integration with the largest financial organizations also contribute to the confirmation of this thought, despite other technologies are more developed and can be oriented to specific options.

Bitcoin is still the king of crypto currency even though many altcoin projects are more developed than bitcoin, but their popularity is not as high as bitcoin. People are more familiar with bitcoin than altcoin, that's a fact. so until now big investors still buy bitcoin and trust bitcoin more for their big investments.

[Wiseman]

I don't know how many people thought that Bitcoin Cash would be the "new" Bicoin, but I hope there were very few people who actually believed in something like that. Bitcoin forks only serve to attract new money in the form of investment, trying to convince people that the team launching the new fork is in possession of Satoshi's true authority and vision. Personally, I think that all those forks are worthless, and the truth is that there are many.

List of bitcoin forks.

I don't think Bitcoin can ever be replaced by another coin. At least it won't be replaced by another blockchain based coin. We are oblivious to everything that is to come.

Wherever there is a central management of a huge amount of emission and a team that (supposedly promotes this project) that absorbs a huge budget for promotion will never replace bitcoin, I believe that only stablecoins can do this, but now there are some problems with them regarding the liquidity of these stablecoins, as soon as they solve this problem and remove the over-enrichment, only then will this coin be able to replace bitcoin.

Well,stablecoins have great potential in providing the stability needed by the market, especially in daily transactions. But what is interesting is how Bitcoin remains a symbol of pure decentralization, something that stablecoins struggle to match due to their attachment to real-world assets and centralized management. The challenge is to create a balance between liquidity and decentralization, two things that have not been fully realized in stablecoins so far.

And is it possible to solve them somehow? I haven’t asked myself this question yet, if you think about it, then simply no one needs it, I mean that, for example, Bitcoin was somehow written and that’s it and nothing else was done, but with stablecoins, a lot of different manipulations will have to be done and an infusion of huge amounts of capital, if you have a different opinion on this matter, then write, let’s discuss it.

Bitcoin is quite uncomplicated in terms of function; it’s intended to act as a mean of exchange which has a fixed model and little flexibility. Stablecoins are somewhat more complicated as they must remain pegged to another asset like the US dollar, which therefore employs different mechanisms to manage volatilities and anchors.

They are usually influenced through large capital inflows, and also through tightly maintaining the reserves in order to keep the prices stable. It can also include activities such as arbitrage, in which assets are switched from the stablecoin and another commodity in a bid to sustain a fixed exchange rate for a preferred value. Unlike Bitcoin that is based on the pure ideas of decentralization and market forces, stablecoins need extra layers to provide the desired stability of their prices. Therefore, in this case, the need for various forms of capital manipulations and management is even more.

This is what we are talking about, that we have Bitcoin and there are stablecoins that maintain a stable price, but the conversation is about replacing Bitcoin with something else, stablecoins simply cannot replace it, because all stablecoins are not decentralized, which means they can only perform the function of stability coins, we need something decentralized and stable, this does not exist yet.