Topic: Why are there no altcoins that can replace Bitcoin? (Read 1055 times)
Only Etherium is big competitor of Bitcoin which can replace bitcoin in future. Because it is decentralized platform which enable smart contracts and applications to built on its network.
So far crypto has grown and many new altcoins have been born, but they are still behind bitcoin. meaning it can't go beyond bitcoin. bitcoin was born with a symbol of extraordinary technology. Bitcoin's current capabilities have caught the attention of the whole world. Everyone knows bitcoin, and bitcoin is one of the icons of today's crypto.
because bitcoin has a limited capacity, in contrast to altcoins sometimes it's hard for me to read it. and as we also know bitcoin is the first crypto coin and is equated with gold, whose order is irreplaceable by anything
Bitcoin Frist Digital Coin In Blockchain Lager industry. People Always Truated BTC because Its Safe or Secure
There is no alcoin that can be developed like bitcoin and bitcoin is the oldest coin maybe I can conclude that alcoin was born because there was bitcoin if bitcoin was not created by satoshi nakamoto then alcoin does not exist today.
Quote
I think why other alcoins can't replace bitcoin because bitcoin is the king of other alcoins no one can replace the king. alcoin was born because of the creation of bitcoin if bitcoin was not created by satoshi nakamoto maybe alcoin did not exist until now,
Bitcoin will still remain the king among other cryptocurrencies because it has developed a good results in the world which other cryptocurrencies has never develop in the world. It will be difficult for any altcoins to replace bitcoin at this point because bitcoin has more population among other cryptocurrencies which many people believe bitcoin than any other cryptocurrencies in the community. In this I support it 100%, it is known by moral swimming that BTC is the King, but not because it only represents sentimentality for others, everything has its reason for being, if we start to analyze the behavior and history of BTC, It is more than 10 years old, it has gone through a first system of Accumulation, uptrend, Distribution and again it was in accumulation, leaving aside all the skeptics who bet that the btc was a bubble.
Currently there is no other cryptocurrency that compares to it, it does not exist and if it came out, you should wait for the same process as BTC to go through to see how much of its own life it has, and the truth is very difficult.
Every project has completely failed with the attempt of trying to replace bitcoin. Ever since bitcoin has been established, it's very difficult to trust any other coin in decentralized features, team capacity and delivery, project success and many more. These new token has proved that they can't be trusted with lots of successive unfolding events.
Still no Altcoin have same capabilities in bitcoin. I Think, No Altcoin can't replace bitcoin. Bitcoin already proved the token value. Still bitcoin is most popular and most valuable coin.Even Ethereum is most valuable and most promising coin after bitcoin. Bitcoin is a long turm survive coin. But no one said it will not be replaced. It could happen in future.
other than because bitcoin was the first. also because people trust bitcoin more. while the altcoins that emerged after bitcoin, even though they are trusted, will still not get more trust than the first.
and still the first is definitely in everyone's mind is embedded that is the foremost. and the ones that later appear will just follow.
So the conclusion is that something new that is born will not be able to surpass that which gave birth. because altcoins were born from the emergence of bitcoin.
unless there is the latest innovation without being tied to bitcoin. and altcoins are still tied to bitcoin because they seem to be just following the trail.
and if you want to replace it then don't follow in the footsteps of bitcoin but he has to make his own trail aka something that didn't exist before. well maybe when it appears. new bitcoin will be replaced and even then if the innovation is better than bitcoin.
and still the first is definitely in everyone's mind is embedded that is the foremost. and the ones that later appear will just follow.
So the conclusion is that something new that is born will not be able to surpass that which gave birth. because altcoins were born from the emergence of bitcoin.
unless there is the latest innovation without being tied to bitcoin. and altcoins are still tied to bitcoin because they seem to be just following the trail.
and if you want to replace it then don't follow in the footsteps of bitcoin but he has to make his own trail aka something that didn't exist before. well maybe when it appears. new bitcoin will be replaced and even then if the innovation is better than bitcoin.
BTC is not only the first coin but it has symbolic value for the entire crypto market, one symbol of the blockchain revolution.
Just like gold, there are thousands of metals produced such as steel, aluminum, silver, etc., which are widely used in daily life. but gold has always been the most valuable metal, still number 1.
So there will be no altcoins that can replace BTC although ETH, Sol, Tron or Xrp... have utilities, applications and technologies that are far superior to BTC.
Lol who said that Bitcoin is Irreplaceable ? well Maybe as of our time now indeed Bitcoin is still nothing to be replaced but we also Knew that future cannot be tell in this short time, there might be some changes in the coming years , as the increasing demand and popularity of altcoins are being seen nowJust like gold, there are thousands of metals produced such as steel, aluminum, silver, etc., which are widely used in daily life. but gold has always been the most valuable metal, still number 1.
So there will be no altcoins that can replace BTC although ETH, Sol, Tron or Xrp... have utilities, applications and technologies that are far superior to BTC.
Im not sure how long it will take but one thing i know, altcoin will have their time in the future.
BTC is not only the first coin but it has symbolic value for the entire crypto market, one symbol of the blockchain revolution.
Just like gold, there are thousands of metals produced such as steel, aluminum, silver, etc., which are widely used in daily life. but gold has always been the most valuable metal, still number 1.
So there will be no altcoins that can replace BTC although ETH, Sol, Tron or Xrp... have utilities, applications and technologies that are far superior to BTC.
I agree bitcoin is still the best of all coins in crypto, after so many years there is no altcoins replace bitcoin it means bitcoin is still the king and i believe that crypto market still depend on bitcoin based on my own experienced when the bitcoin is in stage of bear market altcoins will also fall so it means bitcoin still dominating the entire crypto market. Just like gold, there are thousands of metals produced such as steel, aluminum, silver, etc., which are widely used in daily life. but gold has always been the most valuable metal, still number 1.
So there will be no altcoins that can replace BTC although ETH, Sol, Tron or Xrp... have utilities, applications and technologies that are far superior to BTC.
Sure, no altcoins to replace Bitcoin because no altcoins have the same capability as Bitcoin. Bitcoin is the most popular coin and they are the most pairs of any crypto coin. Bitcoin also has a unique story that other altcoins don't have. Bitcoin becomes the most crypto coin to be adopted in almost every country in the world. It is always to be the priority to be adopted. And there are still many other reasons why Bitcoin is superior to altcoins. It makes no altcoin to try replacing Bitcoin till today.
There are no altcoins who can replace Bitcoin because of its true decentralization feature. And It's the first, most popular and mostly used crypto. But the other altcoins aren't truely decentralized like Bitcoin.
It is true that Bitcoin is the most well known and popular coin than other altcoins. Bitcoin has many uses and day by day many people are connecting with it. Obviously decentralized feature of Bitcoin makes it special among people who are familiar with crypto currency. 
Every project has completely failed with the attempt of trying to replace bitcoin. Ever since bitcoin has been established, it's very difficult to trust any other coin in decentralized features, team capacity and delivery, project success and many more. These new token has proved that they can't be trusted with lots of successive unfolding events.
There are no altcoins who can replace Bitcoin because of its true decentralization feature. And It's the first, most popular and mostly used crypto. But the other altcoins aren't truely decentralized like Bitcoin.
yes, some of the advantages of altcoin technology can beat BTC. talk about crypto for new people, the only thing that comes to their mind is bitcoin, and people will think of the first capital they use to invest in bitcoin. and the main reason why bitcoin is the first choice and no alt can replace it because Bitcoin is the first and decentralized. speaking of prices, bitcoin is also moving very well.
Decentralization is the biggest reason. Satoshi created it, helped it grow for a year or two, and then left and he is never to be heard again. How many projects could you say the same? I mean almost all of them have a project team that keeps on working on it.Look at the top 10 right now, I mean remove the stablecoins because they already are centralized, aside from that BNB has CZ and binance, xrp has Ripple, SOL has a team, ADA has a team, Luna has a team, Avax has a team. All of them have a team. ETH does have a "foundation" and not a team, it is decentralized, but at the same time it still has something instead of nothing compared to bitcoin.
bitcoin is trusted by many crypto holders because most of them prefer to hold bitcoin rather than any altcoin for a long term.
Bitcoin is the first cryptocurrency and has the first mover advantage as well but then again it's not that altcoins cannot beat bitcoin.
It's just that there is no altcoin yet that has been able to beat the marketcap of bitcoin and there can be numerous reasons why.
Bitcoin is the first cryptocurrency and has the first mover advantage as well but then again it's not that altcoins cannot beat bitcoin.
It's just that there is no altcoin yet that has been able to beat the marketcap of bitcoin and there can be numerous reasons why.
Quote
I think why other alcoins can't replace bitcoin because bitcoin is the king of other alcoins no one can replace the king. alcoin was born because of the creation of bitcoin if bitcoin was not created by satoshi nakamoto maybe alcoin did not exist until now,
Bitcoin will still remain the king among other cryptocurrencies because it has developed a good results in the world which other cryptocurrencies has never develop in the world. It will be difficult for any altcoins to replace bitcoin at this point because bitcoin has more population among other cryptocurrencies which many people believe bitcoin than any other cryptocurrencies in the community. 
The main reason for that is the fact that bitcoin is the most trustworthy project and nothing else. If you have a coin that is as trusted as bitcoin then there could be something that could replace bitcoin one day but what is the possibility of another coin being as popular and as trustworthy as bitcoin? I see that chance at zero right now.
I keep saying that bitcoin and blockchain is a great new invention and all the others are just improving on it and not building a new thing, altcoins think they are building a new thing but they are just improving on it. If there is something that is purely out of crypto sphere and still better, then maybe that could get bigger.
Oh we see that Ethereum is becoming more and more trustworthy with time and even probably gets some kind of independence inside crypto world. But even though bitcoin is not being replaced, we just have new trustworthy assets. So I don't expect any altcoin will ever replace bitcoin but some of them will become independent one day and there would be new paradigm with multiple important crypto assets.I keep saying that bitcoin and blockchain is a great new invention and all the others are just improving on it and not building a new thing, altcoins think they are building a new thing but they are just improving on it. If there is something that is purely out of crypto sphere and still better, then maybe that could get bigger.
This is why I believe that there will be some coins, mainly ethereum, that will be more about how we could use it more and more, instead of bitcoin. Maybe the ranking won't change, but the usage rate could change a lot.
yes, some of the advantages of altcoin technology can beat BTC. talk about crypto for new people, the only thing that comes to their mind is bitcoin, and people will think of the first capital they use to invest in bitcoin. and the main reason why bitcoin is the first choice and no alt can replace it because Bitcoin is the first and decentralized. speaking of prices, bitcoin is also moving very well.
bitcoin is moving very well because bitcoin has a loyal backer for being a first-time investment. especially for a bear market like now, of course investing in bitcoin as a reference for the movement of all altcoins, when bitcoin goes up, many investors take profits and place them on altcoins to get bigger profits. Therefore, it is not surprising that the market cap on bitcoin is always the largest indeed the most important thing is because bitcoin is the oldest coin, therefore it seems that it has got a brand, so that in its development it has gained great trust from investors. and that trust is what makes investors seem to unite their thoughts to invest in bitcoin, so that other altcoins seem to follow the movement of bitcoin because of the influence of the thoughts of each investor.
Bitcoin definitely has the first-mover advantage, essentially it allowed bitcoin to form a strong decentralized foundation on which the other very important characteristics can be built. If we think about it for a moment, without decentralization, there wouldn't exist such important value propositions of bitcoin as a limited supply, predictable issuance that algorithmically dictates bitcoin's monetary policy, irreversibility of transactions, and the highest possible uptime. In contrast to bitcoin, the vast majority of altcoins, if not all, haven't achieved true decentralization because (1) their founders are always present and have enormous influence on the project they created, (2) users that join such projects are usually short-term oriented seeking only for profits. Those, who don't care about the future of a project or don't even believe a project has a future, cannot provide for decentralization or can't sustain it for long. Jump to: