Bitcoin Forum

Can we expect altcoins to reach the success of Bitcoin? and how long would it take? what are success metrics?

It is not easy to compare one on one these coins but Bitcoin is in no way superior technically speaking (and some times it can easily be considered worse!).

Technically speaking most innovations happen in altcoins since it is both:

easier -- they don't have to support compatibility with the large infrastructure that Bitcoin has nor convince so many people for a change
and safer -- not so much money at stake
Having said that, the altcoin experimentation have greatest risks, could lead to new unexpected attacks and so on. Bitcoin learns from altcoins and can implement some of the features (some cannot without overhauling the system) in the future if they prove successful without risking much.

The main credit of bitcoin is that, it was the pioneer in decentralized revolution. So people first came to know about bitcoin and then they came to know about the altcoins. That's the main thing that made bitcoin different from any other currency. Today we have more advanced and technologically superior currencies in the market than bitcoin, but that couldn't bring down the acceptability of bitcoin in any way. People started with bitcoin and then diversified in to other currencies. Nothing else makes bitcoin different than altcoins.

Bitcoin has the first mover advantage, and is the face of cryptocurrencies as a whole, so up until now, the success of cryptocurrencies was heavily reliant on the performance of bitcoin. This year, we may see altcoins breaking away, because calling coins like eth and ltc alts is starting to be disrespectful. It may take a long time for alts to reach bitcoin's price point, but I think some will eventually get there.

Its a one word that Bitcoin is the leading coin in the world cryptocurrency world. All coins price is depending or related with Bitcoin.

In my humble opinion, Bitcoin is the most recognizable cryptocurrency that's why it is getting more and more popular. Many websites talk about it. Furthermore, Bitcoin is the most valuable cryptocurrency and it is a pioneer among all. I'm convinced that in the near future any cryptocurrency won't manage to catch up Bitcoin with value.

I would be surprised if at least one of the competition don't overtake Bitcoin; however, whichever manages to make payment by cryptocurrency "invisible" to novices (operating behind the scenes) will really make out well.

Actually its not that btc can not be compared with other alt coins, its just that btc leads the way and has gained more prominence than them all. However, with the years rolling in, many of these coins will check the hegemony of btc.

Here is the answer you're looking for: https://en.wikipedia.org/wiki/Network_effect

Bitcoin has the biggest network effect. It's really hard to overcome that (but not impossible).

As far as i know on how bitcoin differ on other coins and what makes it even better than other coin is that bitcoin was the first in decentralized exchanges. It was also the most successful cryptocurrency as of now in which it became the barometer on how other altcoins want to achieve.

Bitcoin: Technically, it's recommended to read "Bitcoin: A Peer-to-Peer Electronic Cash System." Capital is relatively early and relatively massive.
altcoin: Bitcoin is generally a system of this bit, but also draws on the source of bitcoin. But can do a large cottage currency, the technical level generally have innovation.

For now, bitcoin is by far the most popular decentralized virtual asset, but no one can guarantee it forever. There are already some alternative assets inspired by Bitcoin. However, a more reasonable assumption is that new assets need major improvements before they can replace bitcoin in the established market. Of course, these are still unpredictable. Without changing the basic composition of the agreement, Bitcoin may also adopt some measures to improve competition assets. Private feel cottage coins can only occupy some bitcoin market, but it can not replace bitcoin.

At home, there are many platforms such as polycoin and bit era, and some platforms although there are many cottage coins, but the trading volume is small and not very valuable.

For now, even if a currency goes beyond bitcoin in technology, it takes a long time to validate the value beyond bitcoin, and I firmly believe that Bitcoin's influence will grow in the future.

Altcoin is based on consensus algorithms rather than mining, meaning transactions can be confirmed in seconds; the supply of copycat money is fixed at 1% a year; the copycat currency is designed to allow you to trade selected digital currencies. We hope that the cottage money itself, mainly as a behind-the-scenes currency, hoping that the cottage money network can help provide more liquidity among currencies.

In my opinion, bitcoin is different from the other altcoins because it is the first and original crypto currency ever to be the most successful where its price market value had surge to that level. Many people believed and trusted bitcoin than the new alt coins because of what it had accomplished. Many people are quite skeptic for these new crypto currencies whether they will invest or not since these altcoins are just beginning to build up its reputation.

I agree, that bitcoin is different from the other altcoins since it had already prove to the people that it had achieved the highest currency rate ever in the history of cryptocurrency market. Many bitcoin users believed that this may still dominate from the rest apparently because new altcoins are just begining to start building up its name where they need to be recognize within the other competing crypto currencies.

The difference is that bitcoin is the king of all cryptocurrencies. I don't expect that altcoins can reach the success level of bitcoin and it it takes a long time for them to achieve it and that will only come to reality if bitcoin is already dead.

Bitcoin is well-known cryptocurrency as we all know that ..and many people most used bitcoin ..we can buy something from it..we can exchange money from it we can trade through it we can invest through bitcoin. While Altcoin or Alternative currency is created to compete for bitcoin and to solve a once problem of bitcoin which is rapidly decreasing ..they come up to create alternative coins to solve this problem and they think that maybe altcoin can overrule bitcoin in the near of future..but still bitcoin is more powerful than altcoin why? Because you can not buy altcoin without bitcoin..you still need to buy bitcoin first before you get altcoin.

i doubt it, because of so many popping new crypto nowadays, i dont think not single one altcoin can reach what bitcoin has gone before. because of the market share of these competing cryptocurrencies, that is what special about bitcoin, so many altcoin have popped up but still bitcoin is on top. nobody beats the original as what they say. some cyptocurrency are not yet stable as bitcoin in terms of market share. bitcoin is the pioneer among other crypto. 

I think we are at that point where we should stop calling it altcoins because most of them are getting momentum and we should understand that they have their own philosophy of executing a decentralized payment system. When it comes to the Bitcoin, I think a strong user base, first mover advantage, and strong price on the market makes it different from the altcoins. However, we have to work on the issues like high confirmation time and high transaction fees.

What make bitcoin the giant of all other cryptocurrencies is simply the fact that bitcoin is the pioneer crypto it was bitcoin first before the coming of other alt coins, and also the price of all other cryptocurrencies depends on bitcoin because bitcoin is the foundation to their success in the cryptocurrencies world and market. None other cryptocurrencies can compete with bitcoin in term's of technology, value, capacity, and potentiality all this is what makes bitcoin the king of cryptocurrencies.

Bitcoin is only coin in blockchain which proved to be most successfull in blockchain network rest coins followed the success

FOLLOWING ARE DIFFERENCES:

1) It is oldest and thus most popular.
2) It has  given positive returns for last 9 years.

First of all its Price. If some altcoins have similar price maybe peoples forgot about bitcoin, how morally outdated tech.
But how i seen btc is the best blockchain software, he work stable in any overloads

It is not only by the current price of Bitcoin we should use to compare the success of Bitcoin over other altcoins. The sum total of market cap of all altcoins is more than Bitcoin. That is the level of success altcoins have amassed. Individually though Bitcoin is way ahead of others yet altcoins have stamped it's self in the cryptoecosystem.

Altcoins does look like it supports the success of bitcoin, but it certainly not because altcoins.. bitcoin reaches the highest or more desirable value of many people, it's because bitcoin is the first crypto coin that was created with the support of technology advances first. On its popularity as well as its expansion that extends to a various directions supported by many parties/many people, it certainly causes bitcoin remain the leader of all altcoins.
I think the one of the things that can makes bitcoin more success.. that's if the more countries are legalizing bitcoin as a legitimate currency, so of course it can makes the development of bitcoin become more popular and more desirable among many people.

First of all bitcoin is first coin and it has its own place, so it will be difficult for altcoins to replace it, for second, bitcoin is decentralized, and it any other coins can reach the same level of decentralization, they will also be popular.

actually the difference between bitcoin and altcoin is not much different. only, bitcoin is the first crypto with agoritma technology. and the most important factor, bitcoin no one can control it. this is why bitcoin values ​​are very volatile. for altcoin, certainly not easy. even difficult to compete with bitcoin. but if you can find a gap to get every profit, it can make you rich.

Well, Bitcoin is the first decentralized digital currency so it is hard to put down and replace the father of cryptocurrencies. But I have the feeling that it will be replaced at the top soon if no ugrades happening.

People are driven to used trusted things for them to start a new thing for them. I think people who want to get into cryptocurrency much trust bitcoin more compare to any other form of cryptocurrency because if we are going to look at the history of bitcoin in terms of its value and its stock movement and development in the market. We could see that bitcoin is much more developed and stable to used in the form of investment and transaction in cryptocurrency.

I think the main thing is that people invested in cryptos are knowledgable about alts. The majority only talk about Bitcoin.

We all have seen a huge drop in cryptos over the last few weeks but the media only talks about Bitcoin.

You could argue ripple overtook bitcoins market cap if you take into consideration total supply.

I think, Basically, altcoin is created to co-exist with bitcoin. Bitcoin plays the most important role in cryptocurrency.
If likened to metal, altcoin is like a plain metal that can be exchanged with a precious metal called bitcoin.

Bitcoin is not that much different from alt coins but there were some difference regarding these two things that exists here in crypto. Bitcoin is the main cryptocurrency for it was the first created digital currency and altcoins are just an alternative for bitcon. For example, you don't want to invest in bitcoin, there goes altcoins in which you can invest.

If there's an alt the can possible top bitcoin I think it would be Ethereum, not only he is on the 2nd ranking with market capacity but also because of its usability and smart contract.

Faith in it. If somebody ask you that you put ALL your money in crypto. Which one would you pick? Bitcoin right.

There is always a possibility that an altcoin would be able to reach what bitcoin has achieved. Bitcoin is the first cryptocurrency that's why it is the most famous and it has the highest price. Most of the trades make bitcoin as base price as many platforms or merchants perhaps only accept bitcoin. There is no exact time frame as to when a certain coin would be able to surpass the market capitalization of bitcoin and in terms of price, it may take a long time. Let's admit there are better fee and technology that are already made compared to bitcoin but still bitcoin remains at the top because many people still believe in it.

Cryptocurrencies mostly depend on demand and popularity.
Bitcoin is the most popular and the most demandable crypto, so main difference is power of bitcoin.

Altcoins is a short term investment. It may goes up its price but its not long term. When it goes up, after that the price will go down and will never be go up again. While bitcoin is a long term investment. When the price or value goes down, it may be goes up again not as the same of altcoins. That is my observation of the difference between altcoin and bitcoin.

 I tend to agree. Right now, there are close to 1,500 circulating in the market and very few of them will survive in the long term. Anywhere from 90% to 99% of the altcoins will become worthless in the next one or two years. I don't know which ones will survive, but I have high hopes for coins such as Stellar Lumens, Ethereum, Litecoin, Bitcoin Cash, Byteball, and Monero.

I don't agree. See Ethereum, Dash and Monero. Prices are rise in long term. I thing there are many altcoins with more benefits than bitcoin. What distinguish bitcoin from others is just its popularity as it's the first cryptocurrency. Most of the people when know bitcoin at first and then know other coins. A day another cryptocurrency can be more valuable.

If we subtract Bitcoin from altscoins or cryptoworld then all crypto worth become zero. so we can say Bitcoin is the leader of all altcoin,Bitcoin is king of crypoworld no altcoin can compare with it.

Ethereum and ripple has made a success with respect to where they started from. I have a great feel that this is year for altcoin rise and bitcoin price stability.

Bitcoin has a large lead as a store of value over every altcoin in having existed 8 years without failure. The security of Bitcoin has been proven far more than its much younger counterparts with usage by almost every metric exceeding that of altcoins.  8)
Further, Bitcoin is more accessible, with more exchanges, more merchants, more software and more hardware that support it. Bitcoin is far more liquid, with much larger volumes than every altcoin. Bitcoin has the largest developer ecosystem with more software and more implementations than any altcoin. Bitcoin has the most entrepreneurs creating companies around it with a lot of intellect, dedication and creativity going toward making it more useful.

Bitcoin was the first cryptocurrency. For example, hoover brand name became synonymous with vacuum cleaners, and Bitcoin became synonymous for digital currencies.
Bitcoin is the first cryptocurrency in the world.
IOTA is the first cryptocurrency not based on a blockchain.
Even if any new altcoin becomes more popular than Bitcoin, Bitcoin would remain famous as the first invented cryptocurrency in the world.

Bitcoin will forever be known as the first crypto currency.  It’s place in history is already well defined.  As such, I believe it will always be a valuable commodity.  As long as the people believe in it, it will be a great place to store value. 

I think the bitcoin has the highest market volume than all the altcoins plus it has been around  for the longest time and withstood the test of time which means a lot of people are going to feel at ease investing in bitcoin than any other altcoin because its the least likely to fail cryptocurrency.

bitcoin is the base currency all the currency date and every one buy so bitcoin is important

Bitcoin has been around the longest and it has been a leader and a revolution-er for every other coin, it opened the way to the others and has got the title of a reserve currency.

bitcoin has the biggest community: evangelists & developers, so it is here to stay..

As long as bitcoin becomes the benchmark for determining the price and the movement of an altcoin there probably will not be any altcoin that can beat bitcoin success. But, to become the toughest competitor of bitcoin may be a very open opportunity because even in the competitive economy it is indispensable to make comparisons and get the shortcomings of each and be evaluated by developers to make the coin better.

You cannot expect altcoins in general to have the same success of bitcoin, only some altcoins are going to have anything similar, most other altcoins are not going to survive for long, besides the current success of bitcoin is still small compared to its potential, if bitcoin is adopted by a huge amount of people then we could say that almost no altcoin is ever going to reach that level of success.

Differences Bitcoin and Altcoin - Virtual currencies of various kinds for example are Litecoin, Dogecoin and there is also Altcoin. The currently popular is Bitcoin, though there's nothing wrong if you understand the difference between each of those virtual currencies. every virtual currency has its own advantages and disadvantages, for example Altcoin and Bitcoin. If traced further a lot of types of cryptocurrency that exist in the community but who is rising then Bitcoin. altcoin itself is a newcomer that has not been widely known by the public so that the description of Altcoin is still gray or unclear. In order for you to be more familiar with Altcoin, consider the difference Bitcoin and Altcoin following

Main key of success of bitcoin it the fact that it is the first crypto, and even today it has best concept, it is decentralized and it is also one of the pros.

I think that main key of success it that bitcoin is the first, and it is more "posh" to have bitcoin than other coins, so big investors make there investments in it.

BITCOIN is different from alt coins. peoples are used for bitcoin in future.bitcoin has safe and change the growth. bitcoin has the biggest developers so it is here to stay.

This is better than yours (the way you written the questions).

1. Unknown (maybe yes, maybe no) but I prefer altcoins will never reach or equal with bitcoin in term of; price and trust from people.
2. Unknown (we don't know what will happen in the future) if refers to my first point, it will take forever.
3. Adoption, acceptance, spread widely in worldwide (bitcoin and ethereum has these points)
4. The most significant thing is; bitcoin is the first cryptocurrency and altcoins just other copied, following bitcoin path.
There are a lot of altcoins which is better than bitcoin such as lower fees or faster confirmation time, etc. But, altcoins still can't reach bitcoin due to that (4th) reason.

Bitcoin has important implications for the development of cryptocurrency. That is a huge difference. it is a process. Altcoin inherits and improves the features of bitcoin to create services, quality and usability and bring it into practice. ETH, LTC are very good progress. It is impossible to know if the altcoin ratio can succeed in the future. We can accept and appreciate the positive on cryptocurrency.

can, everything can happen in the future. there is no definite measure of when it will happen
for now, bitcoin is too strong to be defeated by altcoin. bitcoin is the most famous crypto and has a selling value is quite expensive. almost all traders and investors have bitcoins

Bitcoin is more accessible,it is more valuable the security of bitcoin has been proven far more than any other coins.
Bitcoin has the biggest community so far all these points makes bitcoin different from altcoin.

which distinguishes the bitcoin from other altcoins is due to total supply and because the first bitcoin technology and bitcoin are the mains of all digital currencies cryptocurrency not only that bitcoin also has a very high demand throughout the country that makes the price of bitcoin can be very expensive and berbed