Why are other cryptocurrencies not like Bitcoin?

rahmatullah9305

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

Many people say Bitcoin is the king of other coins, of course Altcoins can't compete with Bitcoin, I see when beginners say about crypto they just mention Bitcoin, it's rare to hear Tron, BSC and others, this is becoming a popularity for bitcoin that is not owned by other coins, and also Bitcoin has a good achievement with a fast time, of course it is very difficult for other coins to be able to replace it, moreover the first altcoin appears with good value but in the end loses its price and becomes trash in the market.

Tessnik

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Bitcoin is the most decentralized and less controlled cryptocurrency, and that characteristic has made bitcoin unique in its ways, most of the altcoins in the market are controlled by individuals that can easily manipulate the market that is why altcoin can not be as stable as bitcoin.

thesosorr

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Quote from: Viscore on August 12, 2021, 04:33:39 PM

Quote from: thesosorr on August 12, 2021, 02:09:02 PM

Not all Altcoins cannot survive in the market for years in cryptocurrency.
Bitcoin has extraordinary quality and greatness in cryptocurrency so that it can still be the king of cryptocurrency, but there are also Altcoins that have advantages even though they are not the same as Bitcoin. For example, Ethereum is still surviving.

Bitcoin has definitely a great advantage compared to altcoins but it does not mean that only bitcoin will survive when it comes to long term. Altcoins too have their own way of surviving the market even we knew the fact that if bitcoin drastically drops its price, altcoins experience even a much lower dip.

So let's not wonder why all altcoins are not alike with bitcoin. The fact that they can still survive in the market for long, is already a good sign that altcoins too are also valuable just like bitcoin.

I agree. That in surviving in the market, Altcoins have their own way. As I have mentioned for example Ethereum and there are many altcoins that can be used as examples even though all Altcoins are not the same as Bitcoin in terms of greatness.

Nekonoid

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Quote from: Pelana vreo on August 13, 2021, 09:52:26 AM

Quote from: spyderbilt on August 12, 2021, 09:41:05 AM

not as easy as turning the palm of the hand. bitcoin is the first coin to exist in cryptocurrency other than that the total supply of bitcoin is very limited. it is impossible if other crypto coins can match bitcoin's record, for me approaching bitcoin is difficult. can only occupy the 2nd position like ethereum

That's true, but some altcoins try to do their best for the advancement of cryptocurrencies and until now the altcoin that is approaching Bitcoin's market capitalization is ETH, I think nothing lasts forever, maybe there will be other Altcoins that can shift Bitcoin's position in the future, but I don't know for sure when it will happen, because I also hope that Bitcoin will be number 1 and altcoins will follow the price movement of Bitcoin

Now altcoins are widely used in the gaming industry, but it is important and it allows you to attract many players to cryptocurrencies. It is important to have a large community to increase the liquidity of tokens, there are already such communities of gamers, such as https://twitter.com/LiquidationsOf?s=09

Mariaverde

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Quote from: CryptoG99 on August 13, 2021, 07:46:21 AM

Quote from: rahmathidayat93 on August 12, 2021, 10:17:22 AM

Quote from: ?? on ??

because bitcoin was created with the aim of being a means of payment only and until now there has been no further development and just running as it used to be, while altcoins were created with a more specific purpose so of course there will be differences from that.

Yes, Altcoins only complement what Bitcoin doesn't,
so it can provide a complete complement to the entire crypto space with various options tailored to specific needs.

Lots of alts are filling in the gaps where Bitcoin does not. But also a lot of new innovations.
DIVI is a great example of trying to make adoption of Crypto easy. It is looking to make using cryptocurrencies a simple, frictionless task, helping to make digital assets more accessible to everyday users.

It's true and I also think that DIVI has a great future!

Zilon

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It's a very broad topic we are actually diving into nknowing why some alt coin aren't making as much profit just as bitcoin. First I will state that bitcoin having maintained a consensus alogrithim for years gain excess trust from it's investors. You should note that the price of Bitcoin is determined by the highest bidder or the highest investor and as such it's market capitalization is influenced by investors this is a clear indication that since more investors prefers Bitcoin it's constantly making new highs compared to other coins

Chathusand

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Bitcoin is the most popular token and serves as a role model for all cryptos, especially when compared to altcoins. Apart from seeking refuge with bitcoin, another issue of altcoins is that the project team behind them is not always committed to completing the coins they give, causing the coins to vanish from the market and even become dead coins.

Marble777

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Bitcoin is a major coin in the cryptocurrency industry. I observe that when there is positive news about cryptocurrencies, especially news about BTC, it is likely to have a favorable impact on the price of BTC and other top altcoins. besides, Bitcoin is known as the king of altcoins, and it is very unlikely that altcoins can match bitcoin itself. If investigate further, of course there will be many reasons for that.

Mariaverde

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Quote from: CryptoG99 on August 12, 2021, 07:01:55 AM

It really depends on the project. ALGO dipped a lot (more the 50%) during that bear run, but it is also a newish project and still has a lot to grow. I think investors where pulling money out of smaller cap coins and putting money into ETH/BTC during the dip.
DIVI is a very interesting project imo and deserves to be looked at. DIVI can be used for a ton of stuff like staking or running nodes which takes only 1 click to setup. This is made possible by MOCCI, their 1 click node installer. All of this is made possible by their DIVI Wallet 2.0 which can all of this can be done on. Their wallet also supports both crypto and fiat. Divi is even listed on KuCoin and can also be used in some online stores.

It's awesome that Divi is listed on KuCoin. It def needs to be looked at.

jorjeIII

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Quote from: Nekonoid on August 13, 2021, 10:01:24 AM

Now altcoins are widely used in the gaming industry, but it is important and it allows you to attract many players to cryptocurrencies. It is important to have a large community to increase the liquidity of tokens, there are already such communities of gamers, such as https://twitter.com/LiquidationsOf?s=09

The games have large user communities that are constantly increasing. It will be very good if players pay attention to cryptocurrencies.

mumang siat

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

There are many reasons that make bitcoin the best and able to survive to this day, they have taken great steps in perfecting bitcoin itself, before many coins appear today.

While current altcoins don't provide the best value for people to use, so many of them are lost in the market, plus emerging altcoins don't provide an alternative at the right time, they exist because of the turbulent market conditions.

andireynold98

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Quote from: CryptoG99 on August 13, 2021, 07:46:21 AM

Quote from: rahmathidayat93 on August 12, 2021, 10:17:22 AM

Quote from: ?? on ??

because bitcoin was created with the aim of being a means of payment only and until now there has been no further development and just running as it used to be, while altcoins were created with a more specific purpose so of course there will be differences from that.

Yes, Altcoins only complement what Bitcoin doesn't,
so it can provide a complete complement to the entire crypto space with various options tailored to specific needs.

Lots of alts are filling in the gaps where Bitcoin does not. But also a lot of new innovations.
DIVI is a great example of trying to make adoption of Crypto easy. It is looking to make using cryptocurrencies a simple, frictionless task, helping to make digital assets more accessible to everyday users.

Bitcoin isn't always for the base to see whether alts can be more bullish up more than the bitcoin do. Many alt coins that can take us to the moon if you want to search it up one by one. For me i still want to make sure of that. But one that already caught my attention is DIVI. Because DIVI is really easy within just set one up in minutes, sit back, and just watch the rewards roll in. Also the potential that DIVI will release swap and debit card soon. Cannot wait for those to be get more recognition.

Botnake

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Quote from: Tessnik on August 13, 2021, 10:12:07 AM

Bitcoin is the most decentralized and less controlled cryptocurrency, and that characteristic has made bitcoin unique in its ways, most of the altcoins in the market are controlled by individuals that can easily manipulate the market that is why altcoin can not be as stable as bitcoin.

Bitcoin will always take the lead and altcoins are made so that investors will come up with some alternative coins to invest. Just imagine this, if all cryptocurrencies are just like bitcoin, then the concept for diversification of coins will not be recognized anymore. The whole crypto market becomes boring because the flow of the movement of the coins will only focus on bitcoin. Just my thought.

Pelana vreo

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Quote from: spyderbilt on August 12, 2021, 09:41:05 AM

not as easy as turning the palm of the hand. bitcoin is the first coin to exist in cryptocurrency other than that the total supply of bitcoin is very limited. it is impossible if other crypto coins can match bitcoin's record, for me approaching bitcoin is difficult. can only occupy the 2nd position like ethereum

That's true, but some altcoins try to do their best for the advancement of cryptocurrencies and until now the altcoin that is approaching Bitcoin's market capitalization is ETH, I think nothing lasts forever, maybe there will be other Altcoins that can shift Bitcoin's position in the future, but I don't know for sure when it will happen, because I also hope that Bitcoin will be number 1 and altcoins will follow the price movement of Bitcoin

TribalBob

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The theme and concept of one crypto is different from decentralized bitcoin, where sometimes the one-coin team does not focus on their original goal so that sometimes it stops in the middle of the road without certainty, and sometimes deliberately creates coins to cheat, that's altcoin in the current point of view
different from bitcoin which has real functions and uses, namely investment

sapnu

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

It is simply because there is no other crypto that can accomplish what bitcoin has done ever since the beginning. Also, if other cryptocurrencies will be like bitcoin, the balance will be messy or there will be no balance at all. Each value of the crypto, including bitcoin, will not go very high. Bitcoin set the standard of being a successful crypto and if others would like to follow its footsteps, they need to suprass a lot of obstacles on the way just like what bitcoin did. Each has different features also which makes them unique towards each other and all of them have different goals that they are trying to achieve in the future.

Vishnu.Reang

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Quote from: ?? on ??

There are also altcoins that last a long time, although not as long as bitcoin because bitcoin is the beginning of the creation of crypto.
With so many altcoins, it will certainly make competition and those left behind will be destroyed if they cannot meet market demand.

Altcoins have been in existence for more than a decade now. But the earliest altcoins are all dead or dormant. Most of the top altcoins were created after 2014. The Ethereum ICO occurred in that year, and the other alts such as ADA, BNB, LINK and DOT were listed at a later date. Only Litecoin exists as the sole survivor from the pre-2014 coins. Bitcoin is still the king of cryptocurrency, after more than 12 years. But the same can't be said about other alts such as Ethereum and Cardano. They are facing stiff competition from newer coins.

darahjuang

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We can't answer questions like this because all the coins in cryptocurrency have a clear goal of winning in the market.
I think you're pretending you don't understand.
You actually really understand why Bitcoin is great and survives. Likewise with Altcoins.

Note: do not equate the sky with the earth.

CryptoG99

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Quote from: rahmathidayat93 on August 12, 2021, 10:17:22 AM

Quote from: ?? on ??

because bitcoin was created with the aim of being a means of payment only and until now there has been no further development and just running as it used to be, while altcoins were created with a more specific purpose so of course there will be differences from that.

Yes, Altcoins only complement what Bitcoin doesn't,
so it can provide a complete complement to the entire crypto space with various options tailored to specific needs.

Lots of alts are filling in the gaps where Bitcoin does not. But also a lot of new innovations.
DIVI is a great example of trying to make adoption of Crypto easy. It is looking to make using cryptocurrencies a simple, frictionless task, helping to make digital assets more accessible to everyday users.

Sithara007

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IMO, the most important factor that differentiates Bitcoin from the rest is that the inventor of BTC never tried to profit out of his creation. There was no premine. On the other hand, almost all the other cryptocurrencies had a substantial premine (in case of some like XRP, this premine allocation was 100%). Creating profit for the inventor or the promoter was not one of the reasons for the creation of Bitcoin. However, that can't be said for any of the altcoins. So it is only natural that Bitcoin behave differentially from the other cryptocurrencies.

Brus123

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

First of all, don't forget about Ethereum. This altcoin is more popular today, or at least its blockchain, as it is more convenient for developers to make up their product exactly on this platform.
Secondly, you are not right that Bitcoin is fast. Compared to altcoins and even to some payment systems like Visa, it is extremely slow. So altcoins can replace Bitcoin in terms of cheapness and speed.

Dread Pirate Roberts

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.

Why would altcoins make coins that have been successful like bitcoin? Many altcoins have different visions and missions and goals. In fact, creative innovations from new altcoins that exist will provide new trends and can even create new impacts or new trend for the crypto community. the thing important in altcoins is have to make good impact on crypto users.

CaVO32

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Quote from: Viscore on August 12, 2021, 04:33:39 PM

Quote from: thesosorr on August 12, 2021, 02:09:02 PM

Not all Altcoins cannot survive in the market for years in cryptocurrency.
Bitcoin has extraordinary quality and greatness in cryptocurrency so that it can still be the king of cryptocurrency, but there are also Altcoins that have advantages even though they are not the same as Bitcoin. For example, Ethereum is still surviving.

Bitcoin has definitely a great advantage compared to altcoins but it does not mean that only bitcoin will survive when it comes to long term. Altcoins too have their own way of surviving the market even we knew the fact that if bitcoin drastically drops its price, altcoins experience even a much lower dip.

So let's not wonder why all altcoins are not alike with bitcoin. The fact that they can still survive in the market for long, is already a good sign that altcoins too are also valuable just like bitcoin.

Also, most alts are created just to fatten the pockets of their dev team. This is why we have seen a lot of abandoned projects once they collected funds from naive investors. A lot of them have no intentions to survive long but to dupe those who will buy their coins. It is no secret anymore that most projects ended up dead owed to the greediness of the people behind it. So yeah, very few can survive along with bitcoin because the intentions itself of the devs are not genuine.

Viscore

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Quote from: thesosorr on August 12, 2021, 02:09:02 PM

Not all Altcoins cannot survive in the market for years in cryptocurrency.
Bitcoin has extraordinary quality and greatness in cryptocurrency so that it can still be the king of cryptocurrency, but there are also Altcoins that have advantages even though they are not the same as Bitcoin. For example, Ethereum is still surviving.

Bitcoin has definitely a great advantage compared to altcoins but it does not mean that only bitcoin will survive when it comes to long term. Altcoins too have their own way of surviving the market even we knew the fact that if bitcoin drastically drops its price, altcoins experience even a much lower dip.

So let's not wonder why all altcoins are not alike with bitcoin. The fact that they can still survive in the market for long, is already a good sign that altcoins too are also valuable just like bitcoin.

Devifajarina

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

First, let's try to analyze the condition of bitcoin when it first appeared, whether a lot of coins were popping up at that time, or bitcoin rivals when there were very few. Second, the condition of bitcoin at that time became an alternative after experiencing the same price as buying pizza. But after that time passed, bitcoin became the single most expensive and stable until now.

Unlike today, the condition of coins began to appear in various types, the competition is getting higher and tighter, this cannot guarantee them to survive like bitcoin, the more coins that appear, the greater the competition they face.

thesosorr

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Not all Altcoins cannot survive in the market for years in cryptocurrency.
Bitcoin has extraordinary quality and greatness in cryptocurrency so that it can still be the king of cryptocurrency, but there are also Altcoins that have advantages even though they are not the same as Bitcoin. For example, Ethereum is still surviving.

Zulkifli BI

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

I don't think bitcoin is the only one that has done really great things. but there are some altcoins are also able to survive and increase over time such as ethereum, dogecoin, cardano, tron and several other altcoins. but many eyes are only on bitcoin because bitcoin is the king of all coins. and the reason why bitcoin can increase rapidly is because bitcoin has been trusted by crypto users and bitcoin is the best investment for the long term.

Gbniman

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Bitcoin has not only been just a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer-to-peer network, but also has become the de facto standard for cryptocurrencies, inspiring an ever-growing legion of followers and spinoffs.
Other virtual currencies such as Ethereum are being used to create decentralized financial systems for those without access to traditional financial products.
Some altcoins are being endorsed as they have newer features than Bitcoin, such as the ability to handle more transactions per second or use different consensus algorithms, Bitcoin will always be in top of cryptocurrencies.

CaptainCrapper

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this. Thank you

Bitcoin is not like alter coin cause their have its blockchain and its called the father of cryptocurrency so it's have owned mining system.its additional accordance with all section.

Shallow

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It is really true that a lot of cryptocurrencies are not like Bitcoin but some are getting close to being like it, but although they can never be like it. Bitcoin came with a clear idea; a peer-to-peer system and total decentralization, and that is just it, the idea was clear enough to get the attention and trust of a lot people from which it grew to what it is today, after passing through a lot of hard and harsh stages.
Now the only coin getting close to Bitcoin but cannot be compared to Bitcoin is Ethereum, because it also came with a clear idea and till date their team have been improving on it, hence the reason it retains its value till today.
But you see other cryptocurrencies, few of them are only trying their best to showcase value and leave a good impact on this space, the likes of ADA, BNB etc, that is those whose team are at least working on something but as for others or better still a very good number of them, they are just here to copy, hype, pump and dump, no clear use case or whatever thus the reason a lot of them don't last long.
Therefore, in my opinion, a very few number of coins will try their best to be as valuable as Bitcoin but can never be, never be compared or be equalled to Bitcoin.

tyr0699

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I believe that any token should consider developing its own "road", there are many projects out there that are creating tokens that can be used in the environment that the project is developing, so the token can be used to incentive the users. Check this project out, it may give you a new perspective of how cryptocurrency can be used more than DeFi or trading https://bitcointalksearch.org/topic/--5344159

Meysa_richa

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First of all it is because Bitcoin is the main coin in Cryptocurrencies, and of course other Cryptocurrencies will not be like or equal to Bitcoin.
But to survive for a long time, there are actually a lot of Altcoins like that, but not a few Altcoins that die and disappear from the market because they don't have support.
The main thing for Altcoins or other Cryptocurrencies to survive is that they must have a large community and great support, have clear functions and of course the Altcoin/Cryptocurrency is managed by a good team.

andireynold98

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Quote from: CryptoG99 on August 12, 2021, 07:01:55 AM

It really depends on the project. ALGO dipped a lot (more the 50%) during that bear run, but it is also a newish project and still has a lot to grow. I think investors where pulling money out of smaller cap coins and putting money into ETH/BTC during the dip.
DIVI is a very interesting project imo and deserves to be looked at. DIVI can be used for a ton of stuff like staking or running nodes which takes only 1 click to setup. This is made possible by MOCCI, their 1 click node installer. All of this is made possible by their DIVI Wallet 2.0 which can all of this can be done on. Their wallet also supports both crypto and fiat. Divi is even listed on KuCoin and can also be used in some online stores.

Yes we must see the potential from small project too not just a big one like the top10 crypto list. Well i agree DIVI is really easy to use that i see on youtube and many people already using that as their crypto wallet. But i still take a look and i think i want to use that too in the future, While DIVI will release swap and debit cards by itself in the future. I hope for this development that can be use debit cards from International. So that i can use DIVI and try that by myself. Also pls do own research first before going more deep into the project. Greeting

DarkIT

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

Their will be one lion in the forest and only one bitcoin in the cryptocurrency.Bitcoin growth was not happened in one day.Even the same bitcoin was struggled to reach the value of 1k dollar as like Ethereum struggled.Now the ethereum price crossed 3k dollars and all time high.Same happened in the bitcoin.

nemey

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Because fundamentally, the supply of Bitcoin is only 21 million BTC. And the requests keep happening. That is, from the supply and demand side, Bitcoin is clearly more stable than other cryptocurrencies, because indeed one of the factors that affect the price of crypto assets is supply and demand.

rahmathidayat93

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because bitcoin was created with the aim of being a means of payment only and until now there has been no further development and just running as it used to be, while altcoins were created with a more specific purpose so of course there will be differences from that.

Yes, Altcoins only complement what Bitcoin doesn't,
so it can provide a complete complement to the entire crypto space with various options tailored to specific needs.

smyslov

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

Many of these coins are centralized and managed by greedy developers, compared to Bitcoin which is truly decentralized and has no central office to manage the development, there are a lot of Bitcoin clones but Bitcoin is the original and was created on a vision of decentralization and anonymity, other coins are here to make money and have influence in the market.

spyderbilt

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not as easy as turning the palm of the hand. bitcoin is the first coin to exist in cryptocurrency other than that the total supply of bitcoin is very limited. it is impossible if other crypto coins can match bitcoin's record, for me approaching bitcoin is difficult. can only occupy the 2nd position like ethereum

Distinctin

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Quote from: cdog on August 12, 2021, 07:01:12 AM

._
Is there any other coin created at the same time as bitcoin that still survives in the crypto market today, although silly question but you know the answer from this thread, bitcoin is king in crypto with fully decentralized not in many other altcoins, though not as good as bitcoin but eth and bnb is also a top potential coin.

Altcoins are different from bitcoin because some of them are even centralized while bitcoin alone is fully decentralized. But it does not mean that since bitcoin is the king, altcoins will just have lose its value and will have no real life uses.

For me, there's no need to compare bitcoin into altcoins because they have different uses. Bitcoin is a good asset and a store of value which we have seen its value keeps growing. While on the other hand, altcoins too are more identified as tokens from reliable projects and if the project is more transparent because it has more practical uses, then this altcoins will also grow in time just like bitcoin in particular.

bosede1

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Firstly I will say if you ever noticed this trend like in the case of production, I first produce this goods and some other people come in the market and try to dob my product you can expect them to get the same result like mine. Bitcoin is the number one cryptocurrency introduced and gained recognition for what it stands for others are just surfacing now and just in a day wants to be like bitcoin it doesn't work that way.

CryptoG99

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It really depends on the project. ALGO dipped a lot (more the 50%) during that bear run, but it is also a newish project and still has a lot to grow. I think investors where pulling money out of smaller cap coins and putting money into ETH/BTC during the dip.
DIVI is a very interesting project imo and deserves to be looked at. DIVI can be used for a ton of stuff like staking or running nodes which takes only 1 click to setup. This is made possible by MOCCI, their 1 click node installer. All of this is made possible by their DIVI Wallet 2.0 which can all of this can be done on. Their wallet also supports both crypto and fiat. Divi is even listed on KuCoin and can also be used in some online stores.

cdog

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Is there any other coin created at the same time as bitcoin that still survives in the crypto market today, although silly question but you know the answer from this thread, bitcoin is king in crypto with fully decentralized not in many other altcoins, though not as good as bitcoin but eth and bnb is also a top potential coin.

Serco

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Quote from: Godday on August 12, 2021, 05:21:23 AM

Bitcoin makes a lot of new things in cryptocurrency so your question is why other cryptocurrencies are not like bitcoin, this is no longer a new thing because what people generally know about crypto is bitcoin while other altcoins usually survive by utilizing and seeking profit from the crypto space itself. to this day bitcoin continues to grow and none of the altcoins can compete with bitcoin

bitcoin bring a breakthrough in our life since we realized new payment system which is no one could controll it. due of this technology people being known what the cryptocurrency is. and while blockchain technology improved we see tokenized in several part of our life, but truely it also bring new opportunity for us. altcoin could not compete bitcoin maybe it is ,but altcoin developt something new in our life and make no crypto part could be fun and tokenized.

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

*Snip*

Because nothing lasts forever, maybe to date we have seen other altcoins not survive because the project was left project team and the product is not yet fully ready to go.
Different from Bitcoin, Bitcoin was created for a transaction system and its main purpose as a payment that can be used throughout the country but not all country accept Bitcoin payment. New altcoins are created to make up for every shortcoming that Bitcoin doesn't have and we will see some new altcoins all the time, they will survive if they have a good cause like ETH, BNB and other top altcoins.

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

It is not true that bitcoin is the fastest cryptocurrency at least if you talk about transaction speed here. Bitcoin transaction can take a very long time as the blocktime of bitcoin is around 9 minutes and if you have to wait a few blocks for your transaction to get mined and confirmed than it is easily possible that a transaction takes hours or even days. So from a pure technological standpoint there are a lot of crypto projects out there that are offering way more functionality than bitcoin. The reason why bitcoin is still the number one cryptocurrency in terms of marketcap is simply because it is by far the most well known crypto project out there. People that are not into crypto themself often even think that crypto=bitcoin.

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Bitcoin makes a lot of new things in cryptocurrency so your question is why other cryptocurrencies are not like bitcoin, this is no longer a new thing because what people generally know about crypto is bitcoin while other altcoins usually survive by utilizing and seeking profit from the crypto space itself. to this day bitcoin continues to grow and none of the altcoins can compete with bitcoin

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Most have been answered here already and I think what I can share here would be the community that is behind Bitcoin. It is a very big community and all of them are full supporters of Bitcoin. Sure we can argue that Ethereum, Binance, and others have solid communities also, but these are not as active, not as extensive, and not as assertive as the community of Bitcoin "loyalists" that are aggressive in proclaiming Bitcoin all over the internet and in social media.

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Bitcoin is the first truly decentralized currency based on blockchain technology. It has been developed for more than ten years and has its own unique technology and innovation.Its successful development has been known to many people, and more people have increased their awareness of choosing to invest in Bitcoin, and it has also brought benefits to many people.

But many altcoins are created by imitating Bitcoin. Most of them are to benefit from it without more innovation. Their value will never exceed or even equal Bitcoin.

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Theres can be many reason like we know bitcoin is non authorised. Not Only that non company has power to take bitcoin and gone with all that money. Lots of altcoin coin comes to take bitcoin. Example a company comes launch a coin now they sell coin Against btc when you buy Through btc they got btc you got those coin now there is no gurantee that coin will survive. Because it has and if company gone they all are in loss. Because lots of biggest company, exchange has done the same thing. Thats why the experts know if a project comes then it will gives profit in beginning so they invest huge then when the price up they are in profit they sold the coin and buy again btc. Then the traders who are not that much experts they are again buy when it is in deep. Now it depends on project how much strong is it and its team? If the team powerful they they stand strong in the market and able to get back those expert biggest investors if they are able then the project back on game. But if not then the project crush. Its my opinion others can be different thank you.

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Quote from: GelatikKembar on May 26, 2021, 08:49:37 AM

Quote from: chanler on May 26, 2021, 08:19:04 AM

We all know that btc is the first and highest coin in cryptocurrency and I think a lot of people know that. At the beginning of the appearance, the price of BTC was not as high as it is now, only after BTC became known that new coins from crypto emerged. Even now, no one has been able to compete with the price of BTC because from the beginning BTC has been the pioneer of crypto itself. the price of btc has also experienced ups and downs in the market and has become a reference for other coins, therefore when btc goes down many other coins also go down. it is a fair thing

It is true that as time went on people knew that bitcoin was the first coin in cryptocurrency,
even coins like ethereum, which at that time were predicted to surpass bitcoin, have not yet been able to,
and I think it will be difficult and most likely it will not happen and bitcoin remains the king of cryptocurrency

There is a growing amount of talk in the crypto world that people are talking about maybe one day a coin might actually go over bitcoin, it all requires a really cool project to bring the type of difference bitcoin brought but this time into crypto itself.

I know there are tons of projects that does something new, pancakeswap or uniswap is nowhere near bitcoin levels but it allows so much things to happen, there are so many projects on ethereum and bnb, yet none of them are close to bitcoin, why? Because bitcoin is the first one, however I believe there is a chance that we can see a new project going super high and breaking all the price records, doesn't mean that it will happen today but in the future it may happen. Do not think of this as this year or next, think of the future, do you think bitcoin will still be at the top 10 years later? or 20? What do you think will happen in 50 years?

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Quote from: chanler on May 26, 2021, 08:19:04 AM

We all know that btc is the first and highest coin in cryptocurrency and I think a lot of people know that. At the beginning of the appearance, the price of BTC was not as high as it is now, only after BTC became known that new coins from crypto emerged. Even now, no one has been able to compete with the price of BTC because from the beginning BTC has been the pioneer of crypto itself. the price of btc has also experienced ups and downs in the market and has become a reference for other coins, therefore when btc goes down many other coins also go down. it is a fair thing

It is true that as time went on people knew that bitcoin was the first coin in cryptocurrency,
even coins like ethereum, which at that time were predicted to surpass bitcoin, have not yet been able to,
and I think it will be difficult and most likely it will not happen and bitcoin remains the king of cryptocurrency

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We all know that btc is the first and highest coin in cryptocurrency and I think a lot of people know that. At the beginning of the appearance, the price of BTC was not as high as it is now, only after BTC became known that new coins from crypto emerged. Even now, no one has been able to compete with the price of BTC because from the beginning BTC has been the pioneer of crypto itself. the price of btc has also experienced ups and downs in the market and has become a reference for other coins, therefore when btc goes down many other coins also go down. it is a fair thing

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In my opinion, other cryptocurrencies are not like Bitcoin because it is simple not a Bitcoin. Cryptocurrencies have different names and platforms so there is no way to copy Bitcoin perfectly. Cryptocurrencies have their own uniqueness in crypto world. As for the prices, it is basically Bitcoin is the base of crypto so other cryptocurrencies will just follow next to Bitcoin.

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Bitcoin has its own capabilities and technologies, that is why bitcoin differs from all other cryptocurrencies in this way, people also invest more in bitcoin than in other cryptocurrencies and therefore bitcoin usually grows faster in price than other cryptocurrencies, just as other cryptocurrencies have their own technologies and capabilities, and this good, because we don't need cryptocurrencies that will have the same technologies and capabilities, so we need more cryptocurrencies with original technologies and capabilities.

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

I guess you must see the bitcoin chart again and where did you see bitcoin non volatile at this moment? The only way to make it stable is a coin backed by a stable asset just like fiat money, gold, or something else.
Those coins based on the development progress and hype. You will never able to see non volatile coin. Bitcoin can be considered a volatile coin as well.
I think that you must see the current price of bitcoin.

isaac_clarke22

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

~

Because it is a shitcoin when it turns out to be "like" Bitcoin, OP.
Why would all people sell bananas if there's already one big banana shop in the middle of the city?
There have been a lot of Bitcoin forks, but remember that there's only one Bitcoin in the end.

Plus this is crypto market, OP.
When we're speaking of market, we're talking about different goods/commodities to be sold not just a single one. There could be one thing that dominates the market, but it doesn't mean that all the upcoming goods are to be just carbon copy of the dominant one.

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Quote from: yazher on May 23, 2021, 07:05:57 PM

Quote from: Charles-Tim on May 21, 2021, 12:45:22 PM

In the recent crash, I noticed when bitcoin dropped ~~0.25x~~ 1.25x, most of the altcoins dropped 2x before they all increased back while Bitcoin also increased back to $40000. Some coins even at the time dropped almost 3x, and very possible some coins might drop more. Altcoins are more volatile, their rise (increase in price) can be high but they fall more during bear market.

Altcoins can not be like Bitcoin because Altcoins are not fully decentralized, unlike Bitcoin that is completely decentralized.

I think why that happened because most of the other altcoins right there don't have any capability to be converted directly to fiat. they first to be converted to ETH or BTC and the result is a disaster downfall by that two heavyweight cryptocurrencies which what we are seeing right now. It's not only those who are holding ETH and BTC who are the problem but those who are holding Altcoins are panicking as well.

We know the fact that Bitcoin is the first cryptocurrency and also we see how it grows successfully and known to many people just like Etheruem.While altcoins are still in the stage of upgrading which have also lots of promising and potential coins which is not that easy to convert in fiat because of different process to undergo. It could be one reason, but sooner or later the people behind it will surely find ways to make it easier and be most likely to Bitcoin and ethereum.

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

Darker45 gave a great answer explaining what Bitcoin is that makes it different and have the trust of old as well as new participants in the market.

Now when you talk about Altcoins and why they can't have stable value. Here are the major differences/ weaknesses they have:

1. All of them tend to have a central promoter or a bunch of early investors who come together and call it a "foundation".

2. The use-case for these Alt-coins are not well defined. After Bitcoin and ETH, governance use-case has found traction. But there value ultimately depends on the TVL of respective platforms which itself tends to vary.

3. Alt-coins communities are not built organically but through shilling and newbies joining in to cash out or "flip" the profit.

4. Alt-coin developers follow fads and don't care about actual innovation. For example, everyone is coming up with farms and pools and NFTs on BSC now and simply copying the ETH products. Look for projects that are actually trying to accomplish something rather than benefit from the latest fad.

Most Alts that manage these issues, tend to grow and retain value longer than others.

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well, bitcoin was the first cryptocurrency, and the belief in it is already huge. whereas most altcoins DEX or CEX have the same pattern, that is, they have a team behind them. Well, even if that's not an excuse, I think bitcoin has a lot of trust in the crypto world, so bitcoin always controls the price movements of other coins.

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Quote from: Charles-Tim on May 21, 2021, 12:45:22 PM

In the recent crash, I noticed when bitcoin dropped ~~0.25x~~ 1.25x, most of the altcoins dropped 2x before they all increased back while Bitcoin also increased back to $40000. Some coins even at the time dropped almost 3x, and very possible some coins might drop more. Altcoins are more volatile, their rise (increase in price) can be high but they fall more during bear market.

Altcoins can not be like Bitcoin because Altcoins are not fully decentralized, unlike Bitcoin that is completely decentralized.

I think why that happened because most of the other altcoins right there don't have any capability to be converted directly to fiat. they first to be converted to ETH or BTC and the result is a disaster downfall by that two heavyweight cryptocurrencies which what we are seeing right now. It's not only those who are holding ETH and BTC who are the problem but those who are holding Altcoins are panicking as well.

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Quote from: Woodie on May 22, 2021, 12:20:26 PM

Altcoins are not like bitcoin because they lack the numbers to grow their value, and btw bitcoin has the biggest community which also gives bitcoin its value,if altcoins are to be like bitcoin they need to have something extraordinary that can impact crypto users and win support from everywhere else to grow their community to support the coin.

And sadly, hundreds of alts are created just for the sake of the dev's pockets.
So you can't really expect them to survive longer, because the team will dump their holdings once they see good opportunity.
Only those with real use case in the market can survive. But if it will end up only in trading without other applications, then, it can easily die.
Bitcoin has already established its position and use case in the market. Because of its position, it is the first choice of most merchants to be in their system.
Even investors will look at btc first before checking the others. This is why financial institutions are after for btc, and all the others are just secondary.

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

It doesn't mean that others altcoins aren't good. New projects and fake volume. Why do investors give a huge amount of money on those projects? Big investment won't be so easy within a short time. You know someone brought pizza with a huge BTC. Bitcoin wasn't a valuable coin as now. We will invest big investment in trust altcoins, which has had a good volume since launched.

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Quote from: Upgrade00 on May 21, 2021, 02:33:30 PM

Quote from: Masplanc on May 21, 2021, 12:28:06 PM

why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.

Bitcoin has qualities which makes it valuable and resistant over all these years despite the predictions that it will crash, no other cryptocurrency has the exact same qualities or level of decentralization which Bitcoin has.

Decentralization makes bitcoin to be completely different from altcoins. Also the volatility of altcoins during bear market is more than that of bitcoin, when bitcoin has not even dropped 2x in this recent bear market, I can see altcoins that have dropped more than that extent. Even ethereum which is the strongest among altcoins even almost dropped half of its all-time-high price which it achieved recently.

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Altcoins are not like bitcoin because they lack the numbers to grow their value, and btw bitcoin has the biggest community which also gives bitcoin its value,if altcoins are to be like bitcoin they need to have something extraordinary that can impact crypto users and win support from everywhere else to grow their community to support the coin.

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Altcoins are not like bitcoins because Bitcoin is fully Decentralized and Used as many payment sources. But I think there are many altcoins that are now companion of Bitcoin everywhere like Eth.

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You are getting it wrong. You are mistaking popularity with success. There are a lot of coins that are better than bitcoin and offer better features than those of bitcoin, but they are not as popular as bitcoin. Because bitcoin is the first ever cryptocurrency, it is more popular than the rest of crypto coins.

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Quote from: mobtc on May 22, 2021, 07:32:14 AM

As long as there is a consensus on anything, it will definitely excel.BTC is the first virtual currency known to everyone in the world.
Now more and more altcoins are coming out, but Bitcoin's position will always remain the number one.

Most of the newborn altcoins on the market were the result of developing or duplicating projects with the same concept. not many can compete with nearly the same altcoins, let alone BTC.
like coins from exchanges, they have the same project concept even with the same development. they compete with each other on their own development. but no one will wait simultaneously.
BTC is still the best, and the new altcoins don't have a good innovation to start within the crypto and blockchain markets.

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As long as there is a consensus on anything, it will definitely excel.BTC is the first virtual currency known to everyone in the world.
Now more and more altcoins are coming out, but Bitcoin's position will always remain the number one.

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Quote from: bitcoin_bob on May 22, 2021, 12:44:58 AM

Crypto coin maximalists is the form of nationalism for nerds

It seems that the words you say are very profound,
so can you express the meaning of your words so that I can understand them more so that I don't get confused here?

bitcoin_bob

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Crypto coin maximalists is the form of nationalism for nerds

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In my opinion because Bitcoin is the first blockchain technolgy that created on 2009. After that there are other developer to copyed this technology. Since Bitcoin created until now the market cap and the price already going up to 10,000x because the investor not only from retail but also from institutional. If we look in to all other altcoin, actually there are some coins that reached 10,000x ROI from the bottom like XVG. From altcoin hard to make profit like Bitcoin did, because there are alot of competitor of altcoin and many of them has the same product and created of premine coin for reward of their developer.

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

A very good question, you need to know that every cryptocurrency has a different team and concept when creating cryptocurrency, so that there are many variations that are seen in the crypto space, and those that are able to compete will always survive, just like a company in real life, if a company that is unable to compete, he will not progress and will end up dying.

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Most altcoins are just created to make their founders rich. That is their primary reason. Eventually when they stop pumping they are no longer interesting and the developers abondon them. If they gain enough support early on then there is a chance they survive and evolve into something somewhat useful.

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

Wait, what?

Almost every Cryptocurrency is a copycat of bitcoin that is why it is slow in growth and highly rely on the bitcoin when it comes to price increase and drops.

The coin or its usage doesn't give the value or price to it, only the demand and supply is giving it so no matter which coin it is once it started to get accumulated by people the price will grow.

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Its the POW that makes BTC very different from other cryptocurrencies. Basically, the POW algo is making its security harder and at the same time the max supply of BTC. Some are saying that there is no person to lobby for Bitcoin which makes BTC more decentralize than the others such as ETH and most of all its value is higher making it attractive for investors.

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Quote from: Darker45 on May 21, 2021, 09:39:14 PM

Other cryptocurrencies are not like Bitcoin because they're not Bitcoin. They're different. While Bitcoin is not owned by anybody and is fully open source, meaning anybody could copy it, recreate it, even improve it, the circumstances surrounding Bitcoin make all the difference.

Bitcoin has been copied a number of times already, but look where those copies are today. It seems to me it is all about the incredible level of trust that people have developed toward Bitcoin. Such trust does not solely come from Bitcoin's fundamental features; the circumstances around it truly helped.

Anybody could create another Bitcoin-like cryptocurrency, but it will never gain value more than, or even equal to, Bitcoin simply because of the circumstances.

The decentralization of bitcoin makes it has more value on the market. Decentralization help the network being healthy. Additionally, any upgrade for Bitcoin protocol need to be voted and locked in with high support from the community. It is very different than altcoins or clones of bitcoin, they are centralized and teams behind those projects can centralize protocol, change it in the way they want.

Quote

Bitcoin came out as the first truly decentralized currency. It came out as a product of an unknown genius. In other words, it almost came out from nowhere, although, of course it has its precursors. These circumstances probably made Bitcoin more trustworthy.

Copy and use code of bitcoin is easy for coders but later they don't have idea and capacity to develop their clones. Failures of clones are come from incapable developmental ability of their developers.

Bitcoin has a genius found (Satoshi Nakamoto) and a outstanding core team of developers

Darker45

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Other cryptocurrencies are not like Bitcoin because they're not Bitcoin. They're different. While Bitcoin is not owned by anybody and is fully open source, meaning anybody could copy it, recreate it, even improve it, the circumstances surrounding Bitcoin make all the difference.

Bitcoin came out as the first truly decentralized currency. It came out as a product of an unknown genius. In other words, it almost came out from nowhere, although, of course it has its precursors. These circumstances probably made Bitcoin more trustworthy.

Bitcoin has been copied a number of times already, but look where those copies are today. It seems to me it is all about the incredible level of trust that people have developed toward Bitcoin. Such trust does not solely come from Bitcoin's fundamental features; the circumstances around it truly helped.

Anybody could create another Bitcoin-like cryptocurrency, but it will never gain value more than, or even equal to, Bitcoin simply because of the circumstances. Another Bitcoin would simply be another Bitcoin, a Bitcoin copy, Bitcoin 2.0, and so on. An improved Bitcoin would just be another Bitcoin, an improved version, not the original.

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

Simple answer.

All cryptocurrencies are unstable or volatile and they are all vulnerable with news and regulations. Bitcoin does and altcoins do, they are the same.

Bitcoin is the strongest and the leader of cryptomarket. It has more immunity with news or regulations. In the same bear market or correction time, bitcoin has less fall than altcoins. Altcoins are pump and dump assets. When they are pumping, they can rise more than bitcoin but when the market is dumping, altcoins will fall deeper than bitcoin.

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

You mean why some didn't stays on the game? There are plenty of reason especially when they are hit during a market crash. Of course the budget or funds has been reduced, anything that has less or no working funds or circulation will eventually struggle to survive. (I'm referring to small caps whom been hit so hard).

You can't compared them to Bitcoin that is somehow stable or other major coins since the liquidity is high and not comparable.

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.

Bitcoin has qualities which makes it valuable and resistant over all these years despite the predictions that it will crash, no other cryptocurrency has the exact same qualities or level of decentralization which Bitcoin has.

But the difference does not mean altcoins can not last for long; If they serve a distinct purpose any currency would be able to retain its value overtime.

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If you are interested in why alt-coins are not like bitcoin, is either you are a newbie or just do Not understand crypto-currency, I can not attribute/place the success of bitcoin over alt-coin to popularity alone, if popularity was to be true then the list of coin in ranking won't change.
I think acceptance is more reasonable/likehood why bitcoin is above, I would be interested if you can tell me one crypto-currency acceptable means that doesn't include bitcoin.

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.

Bitcoin does well because it's well known and what everyone knows about with cryptocurrencies.

I don't think I've heard many mainstream media outlets mention ethereum even or any other coin/company crypto related. This would be the first step in getting a higher level of adoption of any alterative to bitcoin.

There's also an assumption that chains like eth and their utilities could be adopted or adjusted into bitcoin over time. We don't know whether eth is just going to remain a conceptual idea or potentially something for larger institutions/richer holders as it has high fees (like bitcoin does if we ignore the lightning network).

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In the recent crash, I noticed when bitcoin dropped ~~0.25x~~ 1.25x, most of the altcoins dropped 2x before they all increased back while Bitcoin also increased back to $40000. Some coins even at the time dropped almost 3x, and very possible some coins might drop more. Altcoins are more volatile, their rise (increase in price) can be high but they fall more during bear market.

Altcoins can not be like Bitcoin because Altcoins are not fully decentralized, unlike Bitcoin that is completely decentralized.

Masplanc

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Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

Topic: Why are other cryptocurrencies not like Bitcoin? (Read 735 times)