Topic: Why hasn't any altcoin replaced bitcoin? - page 9. (Read 3501 times)

in bitcoin it all started so it is impossible to be surpassed by other altcoins as long as bitcoin continues to exist it will not disappear but it is also possible because there are other alt coins popular and used by people

Of course until now there is no Altcoin that is able to replace Bitcoin, and this is not only until now but in a long time I am sure there will be no Altcoin that will be better than Bitcoin, so that altcoin can replace Bitcoin. Bitcoin will remain the number one of all existing Crypto coins.

No, I don't think all of the above things happen naturally. Besides, bitcoin's technology is really outdated and transactions are becoming longer and more unstable. But why does the price always grow?
I think this is a big hoax and behind the powerful manipulations of bitcoin are terrorist and money laundering organizations.
If the government really enters the crypto market and controls everything, I believe that bitcoin is worthless!

The main reason is that no other altcoin has utilities offered by bitcoin and technology of most of the coins is outdated which is why they are restricted to trade purposes only.Moreover btc has support of masses being oldest cryptocurrency and can be exchanged with number of services around the globe which is why it is termed as king of cryptos.Nothing else can be mentioned.

We all know that bitcoin is the most used cryptocurrency of all, I can say that because for example you are going to invest in some projects and they are only accepting bitcoin as you share or if you want to buy their tokens. There are also different sectors here that you need bitcoin as a medium another example is that when you want to gamble they need bitcoins as your bet for you to be able to play a particular game in that gambling site. Altcoin are just a copy of bitcoin in which they have different platforms and features just like ethereum, it is known for their smart contract in which you dont need any lawyer if you are going to have transaction with other people. Bicoin is the most of all in terms of price and volume it is dominant than any other altcoins. Bitcoin mining also famous in here.

It will take great work from the core team for a particular altcoin to surpass or supersede Bitcoin on the market. Bitcoin dominance is about 70% of the entire market hence this tells how an altcoin would work hard in order to outweigh this dominance. Bitcoin has good prospects and has become the standard for measuring the performance of the entire cryptocurrency space.

Not really.. a pioneer doesn't mean can't be replaced. Just look at the internet search engine history where webcrawler , altavista and the latest well known one yahoo search engine was a pioneer .. but then completely replaced by the giant google until now.

It could happened in bitcoin too , where an altcoin with better use case and innovation than the current bitcoin has ... that time is just not yet coming , the community still find bitcoin as something that not yet irreplaceable with any other alt, this situation is temporary I'm sure about it. Soon the big things more than bitcoin would be invented . Time will tell us .

But there is also many problems associated with bitcoin, the first one and most important is higher transaction fees and high transaction confirmation times. Where as if we look at ethereum it is having minimal fees with lightning fast transactions and also it supports token that too in the same wallet, so to own many different crypto you just have to get only a single ethereum wallet.

Surely Bitcoin cannot be replaced by this alternative token we know that all of the alternative tokens are just a copy of bitcoin but still the algorithms and system of bitcoin was still different in many ways. We know that there are some alternative tokens that have potential and already have a good price in the market but still, they cannot replaced bitcoin in the game. Bitcoin was especially because it is the first of all of the bitcoin also Market in bitcoin was really big and it already has many investors. Also, there are so many bitcoin mining companies and small companies all over the world that support bitcoin.

And also I think because there are some widely spread supporters of bitcoin. Altcoin also depends on the price of bitcoin and all wallet was supported bitcoin that's why you can firstly known bitcoin before altcoin.

One possibilities I can see on how bitcoin can be surpassed by an altcoin is still the major advantage of bitcoin which is the huge demand and huge market adoption. How could it possible? With the big gap of bitcoin to altcoins, one good altcoin should be backed by a large community, a government, and social media. Through this, the legalization and implementation of a universal digital currency that will unite the whole world might surpass bitcoin as it will attack bitcoin on its weakness. It is the bitcoin's volatility.

In order to make this happen, that crypto should be a stable coin.

The reason is simple, because it was the first cryptocurrency. It has the advantage of a pioneer that no other coin has, Bitcoin has ingrained in the minds of investors and even newcomers. Some of my friends don't know much about cryptocurrencies, but they often ask me about bitcoin price and not any other altcoin.

Exactly. Given that all cryptocurrencies use Blockchain technology, altcoins cannot replace the original cryptocurrency which started it all (Bitcoin). The original project will always be one step ahead of its copies no matter what. Altcoins may provide better features and greater transaction capacity than Bitcoin, but they're missing the branding recognition the pioneer cryptocurrency has obtained over the years. Bitcoin has real use cases within the mainstream world, unlike most altcoins being traded on the market today. Despite its high fees and slow transaction confirmation times, Bitcoin is still the most secure and censorship-resistant cryptocurrency today.

Which is why, I believe that no other altcoin will be able to replace Bitcoin in the future. Unless a new cryptocurrency comes up with a superior technology than "Blockchain", Bitcoin will remain as the "King of crypto" for many generations. Just my thoughts

This is not a technology replacement, all crypto use blockchain technology. they developed the concept of crypto, like USDT with each node can do thousands of transactions, then there is the concept of stable coin. You could say bitcoin does have an old concept, where transactions can only be done a little per second when compared to other platforms. It's just that bitcoin has loyal users and the largest community, the proof of the market is now dominated by bitcoin.

bitcoin will always be sought after and become a benchmark for all altcoin, I agree that when talking about crypto it's clear that the destination is bitcoin. bitcoin is the king of all coins that exist today and is a reference for all altcoins. although currently bitcoin is flagging, but bitcoin is a long-term investment and will be believed to be able to move back up again.

I think, if in the end there is an altcoin that can explore all the desires of the market centrally with the adoption of a system that is always updated by reducing the level of complexity of usage, then a large economic traffic will come to them. Businesses always use the principle of user satisfaction and this will always be used as a reference for success and can be a benchmark to replace BTC on a long time scale.

That's certainly true, mate. The main reason why altcoins haven't replaced Bitcoin yet, is because they aren't as decentralized as the pioneer cryptocurrency. Their lack of support within the mainstream world, has left them with a lesser degree of security and censorship-resistance than Bitcoin. Small cryptocurrency networks that are based on PoW, are easily attacked by outsiders. On the other hand, Bitcoin hasn't experienced a disruption on its Blockchain network (as far as I know) making it the number one choice among people in the mainstream world.

Of course, we cannot deny that altcoins have far superior features than Bitcoin itself. Nowadays, you can obfuscate transactions, store data on the Blockchain, and even send encrypted messages on different cryptocurrencies available on the market today. Despite this, Bitcoin is and will always be the leader of crypto because of its censorship-resistance and store of value properties. Altcoins would need to gain massive adoption within the mainstream world (aside from being truly censorship-resistant) in order to compete with Bitcoin. But it seems very unlikely that altcoins will become superior than Bitcoin, because of the aforementioned reasons.

Nonetheless, I believe that altcoins will always live alongside Bitcoin for many years to come. After all, most of them are simply "copies" of the original Blockchain (Bitcoin) which started this whole craze. It's impossible to take down the "Father" of Blockchain technology after a long time since inception. Just my opinion

why ?
why we must have some altcoin can replaced bitcoin ?
by the way, the only reason why even until now , no one can replaced btc is because, people just believe what came first.
as we know , btc is like an outdated technology , compared to eth wich have smart contract system or another altcoins wich have sharding system, of course btc its like old guy.
but somehow, its seems doesn't matter to investor,they still like btc as before,they still trust the first crypto coin.
and of course they are think another of crypto coin just a something must be avoided.

No altcoin has replaced Bitcoin because Bitcoin has large and supportive community who understand the benefits of investing in it. Bitcoin has the largest market dominance have have turn to be the world's spectacle when crypto is mentioned. Investors base on the trend of Bitcoin to decide when to make investment and when to hold on.

We can't prediction about which one altcoin replace for bitcoin at the future, maybe have one altcoin next year get many investor have higher price could be replace of bitcoin, today still not have altcoin can replace bitcoin position, Bitcoin only one coin have higher price so far, many altcoin have lower price its why they can't replace of bitcoin.