Bitcoin Forum

Bitcoin is still the king of cryptocurrency and the rest are just alternative coins. All the profits of this altcoins are just the faucet for the bitcoin to go strong. I do not really know what is the scheme for bitcoin and other altcoins but i bet that these altcoins are basing bitcoin market price movement. And that is why bitcoin could never be dethrone by other crypto but altcoins could achieve what bitcoin has achieve and i am seeing ethereum has a lot of potentials but it cannot dethrone bitcoin for now.

altcoins have never been created to compete with bitcoin. they were created to help you earn more bitcoin! that is why they suck so hard even the biggest one ethereum is filled with problems which is why it is always going to be used as a pump and dump coin like the other 1600+ coins to earn more bitcoin profit.

Yes, even though there are altcoins that are etehruem based, i might say they helped those people to earn bitcoin. As you can see, altcoins price even etheruem is affected with bitcoin crisis, when its price goes down, Etheruem etc.. price is also riding the wave of bitcoin,.

Bitcoin has been the standard in the crytpo world. As we can see, the value of altcoins largely depend on the market value of bitcoin. When bitcoin's price increase, altcoin's price also rise. Etheruem  is secon in line in terms of price and bitcoin is still far ahead. Dethroning bitcoin is not happening anytime soon.

the altcoin bag holders will never accept that. they want to believe that their coin can grow as much as bitcoin did but they close their eyes over everything else that led to that bitcoin price rise. important matters such as having real usage in the real world as a real currency. or having a high security, being decentralized and a hundreds other reasons.

i disagree. bitcoin can be "dethroned" and replaced. if the altcoins spend the money they are spending on advertising and pump and dumps they can eventually create something good.
but instead we only have shitcoins, for instance ethereum is the best example. it is only advertisement and empty promises while it is getting pumped and dumped. people keep competing it with bitcoin and consider it bitcoin's competition where in fact it is not even a currency to compete with bitcoin!!!

To overthrow bitcoin? It will not happen. Bitcoin is the most perfect crypto currency in the world. It is almost impossible to break it, it is simply invulnerable.

What do you mean by the most perfect crypto in the world? How could you say that? There is no  perfect things in the world. Talking about the dethroned to bitcoin, i would say everything is possible but personally i think it will not happen as long as the people are continuing created shitcoins.

It makes sense to be used as an excuse to strengthen the current bitcoin even in the future because everyone who trades or invests altcoin has only one main goal to get more bitcoin from the benefits of investing in altcoin so that with the goal the bitcoin will not be able to be surpassed by altcoin as long as it continues to be the main objective of the investors to earn profits in the future.

There just so much wrong with this statement, first of all you're generalizing way too much in my opinion.
Not all altcoins are the same, you do have altcoins which serve purposes that Bitcoin doesn't provide.

Just one example is Steem, you can about it what you will, but it is pretty unique in what it does and it's used for more than just investment purposes.

There are a lot more examples, even Ethereum, not a fan of it myself but it does have interesting features.

The current rise of other cryptos, -and if we add that many people who want to get into crypto don't choose the bitcoin as the first, means for me that the bitcoin is in danger, but I don't think that will be dethroned or even surpassed! Is a moment or a pause for the first crypto and, I think that bitcoin will stay the KING.

I predict that Ethereum will never compete with bitcoin, now it's very popular, but the price is in that range alone, and never reaches up to at least 35% of the bitcoin price.

Exactly, many think they can beat bitcoin like its nothing, and dont see what actually went into the process,

the argument here has nothing to do with the price. otherwise there actually are altcoins that are worth more than bitcoin, in fact they worth A LOT more than bitcoin. for instance google 42coin or simply go to coinmarketcap.com and visit the "all coins" section and sort it by price.

it is always about adoption and having a real price. otherwise a pumped up or a fake price isn't competing with bitcoin!

 Your topic question as posted was about being Dethrone, Bitcoin is never crowned as the King of all crypto but instead it is the most stable, stronger, with good fundamentals, with good support system on the market, with high level of confidence by the investors. Bitcoin is number one among the ALT coin in the market.

Most altcoins are like this but some serve a very real purpose.  If you've visited the dark web recently you will see that most merchants only take Monero now.  It's too easy to track bitcoin transactions so privacy coins do serve a very real purpose.

I do believe this so because there is only one dominant crypto in the market and that crypto has the huge market price value compared to other altcoins crypto. This is why bitcoin could not be dethrone exactly what you said is right. Those crypto are just altcoins for bitcoin to grow and get stronger. There is no way that these altcoins could surpass bitcoin.

I wish that people will be able to realize how important to have bitcoin and should dump it for altcoins. As we all know that bitcoin is the main crypto the dominant which is being stated in the thread and i strongly agree with it. As one day those altcoins investments will go back again to bitcoin to exchange it and gain more bitcoins as their altcoins goes strong and to be exchange and gain more bitcoins.

It is true that Bitcoin has gained momentum and growth over the years due to the first mover advantage. However, there are some other factors which make Bitcoin great. Any other coin might replace Bitcoin if it comes up with an equivalent or more user base, trade volume, utility value and growth rate. However, at this stage, I don't see any other coin having that potential to replace Bitcoin at least in near future.

I don't think that's going to happen for another reason. The cryptocurrency market is very balanced. If altcoins exist then this is a necessity and is supported by demand. It is impossible to violate the laws of the economy with impunity. Bitcoin's image is high because it was the first. But altcoins have their benefits and therefore will always have bitcoin.

Not now, not ever. Bitcoin will always be the king of cryptocurrency, the Aplha Coin. People should know that by now.  :D

oh yeahh bitcoin can never be dethrone by any altcoin not even ethereum. I do get the point that Ethereum is really doing great but trust me bitcoin is really going to surprise us all by the end of this year. In fact from what some crypto analysts are saying bitcoin can reach way above $1500 by the end of this year though its price is currently low.

It is not possible that bitcoin will be dethrone because bitcoin is the only dominant and one thing also that bitcoin has no competition therefore it will not dethrone. However, if there are crypto that are willing to separate the system of bitcoin and will become independent that would be the time that there is a possibility that bitcoin will be dethrone.

Bitcoin is unbeatable for life is what I believe.

Alt coins is actually good for Bitcoin. Yes, I am not stoned or drunk.. let me explain. Most Alt coin investment eventually end up being converted to Bitcoin or to Fiat, because that is the only medium of exchange that are widely accepted. People use these Alt coins for speculation and for pump n dump schemes and when they want to spend it, they have to convert it back to Bitcoin or Fiat.

So, Bitcoin eventually benefit from all these Alt coins.

This is also not the only advantage of Alt coins. Some Alt coins is the breeding area for innovation and these features can be incorporated into Bitcoin, once they are tested on these Alt coins.  ;D

Altcoins is never powerful than bitcoin and i think they are not created to dethroned bitcoin but just proves that bitcoins concepts has evolve the world of technology and people started to used different kind of platforms and its usage with the use in a form of cryptocurrencies.

if all other coins are exchanged via bitcoin, then how can bitcoin get away? I think no

USDT and ETH pairs are also pretty common nowadays. I would ay USDT rate matters no less than BTC for any altcoin or token.

Bitcoin actually already won because we have the term Altcoins. And yes definitely Bitcoin will not be dethroned in a verrrrryyyy long time because there are so much infrastructures that are developed for the bitcoin ecosystem. Bitcoin is miles and miles away vs it's competitors.

I concur with that. Bitcoin already took so far as good as it was from the time it was created. Altcoins for some reason perhaps never been here to compete with bitcoin, they're working as one wherein its just between the two that makes the industry of cryptocurrency works.

in order to "dethrone" bitcoin you need to create something that is better than bitcoin when it comes to usage and then get it adopted by people so that it can actually be used in the real world instead of just being on exchanges and being traded for profit.

so far not only we don't have any adoption of altcoins but also majority of them are a lot worse than anything that can even start to compete with bitcoin which is why it will not happen for a very long time.

1. Ethereum (ETH) tried it last year around June. So called Flippening. - FAILED
2. Bitcoin Cash (BCH)last November 2017, touted as the "real Bitcoin" - FAILED
3. Ripple (XRP) - February or March this year, too decentralized - FAILED

It there's some coins that will topple bitcoin, its not yet created. Bitcoin has already gained the trust of the investors and no amount of FUD and fake news coming from different sectors or coins will simple stop Bitcoin. And I agree with @Pursuer, the only possible way to take the crown from bitcoin is that a coin that will have a real usage, but so far we haven't seen any, but shitcoins after shitcoins whose purpose is for pump-and-dump scheme.

Dethroning BTC will not be one of the eases things to do in this age and era.The coin has been experiencing one of the toughest times n the market in the recent past, losing lots of valuation in the process, but still none of the alts hv even come closer to its value when in lower end, its therefore not even possible for the take over to happen even when the coin is on the higher side

Since everything is based on trust no one has demonstrated the safety of bitcoins. It does not take much to bring trust in the alt.

Seeing the concept of bitcoin succeeding,lots of altcoins got created in the market.But unfortunately,none of them were potential enough to challenge bitcoin.So they just got satisfied in existing in the market just being valued in bitcoin.

I 100% agree. bitcoin is dominant and to so call dethrone it -would be very difficult. if a cryptocurrency would arise that would be more popular more efficient and better known then yes, but will that happen? not in the near future.

There are some attempt to dethrone or overtake bitcoin in the past but they are all failed miserably. Many coins are created with innovative technology features, more advance than bitcoin but they are still miles away from bitcoin's price and market capitalization. Bitcoin will continue to be the leader of the cryptocurrencies for many to come unless there is a massive swing of support for other coin in the future.

All i can see is that people are just using altcoins to gain more bitcoins. Most altcoins have actually no use other than that and that's the reality.

It will be dethroen eventually just like cesste players got replaced by cd players etc etc .Cant see it happening in the near future due

It will actually never happen. Bitcoin has taken good lead in last few years and it is the face of crypto now.

you are right, altcoin can not control bitcoin and can not change the position of bitcoin, but between bitcoin and altcoin have the same purpose to maintain crypto existence, so they perfect crypto market. So, this is not about competition.

but, sometimes we have to admit that there are some altcoins that can provide greater benefits than bitcoin.

yeah ETH is the second coin after bitcoin and has many new token projects under ETH blockchain network

Recently, ETH shows strange results. I feel like something's going on with that coin, but I don't know what. It is steadily declining and the rate of decline is significantly ahead of bitcoin. If nothing changes then ETH will lose the second place very soon. It seems to me that Vitalik's actions have recently been directed to self-destruction.

Bitcoin can never be a king forever but the big question is how prepared are other coin like althcoin to overtake bitcoin? it is not an easy task to dethrone a king you must be well prepared and i am yet to see that coin that is going to take over from Bitcoin

BTC and alts are different, indeed trading alts makes BTC more stronger. Each have its market cap and Alts can be faucet to BTC only on trading.

Not now, not ever! Bitcoin will always be The Alpha Coin and the cryptocurrency king. Tha others will always be just that, alternates.  :D

you're right, bitcoin dominates and regulates the price of other altcoins, but sometimes there are some altcoins that have good credibility, so they don't follow in the footsteps of bitcoin.

but, when the market is bearish, the crypto market and all the altcoins are dying and even die. although there are some altcoins that are still alive.

and you must know, the general concept is the volatility of the bitcoin market and altcoin markets are not the same.

Few minutes ago my trading boss is sending me a message of signal and it says that the dominance of Bitcoin is 50.5%, so this is a good sign for a bitcoin it can not higher the price, but anyway is there still a king.

Altcoins will have a hard time dethroning bitcoin as the bread and butter of the crypto world. It may be unpredictable but it is still the better cryptocurrency among the others. Perhaps if they create a new cryptocurrency in the future, bitcoin can be overthrowed, but I do not see it happening in the near future. It is rising continuously and it is by far the most stable and stronger cryptocurrency to date.

Why have competition?when altcoin wasn't designed to take the throne from bitcoin because thisose are created to help people gain more bitcoin not to compete with bitcoin,I don't know where did you find this kind of thinking,only noob will believe this thread

I have tended to believe that bitcoin is the leader in the market and that this position will not change any time soon barring some drastic innovation or breakthrough by an altcoin. The recent rise in market dominance -- over 50% -- is a signal that bitcoin will remain king for the foreseeable future.