There is no doubt for now that bitcoin can't still be replaced by those altcoins. Let's take the full decentralised nature of bitcoin aside. In what way do you think those alternative currencies won't be able to compete and replace Bitcoin usage?
If you’re taking away from Bitcoin something that gives it the most quality, how do you expect it to perform then?
That aside.
How many altcoins out there can you be confident about?
One of the core aspects that brings more value to Bitcoin is the complete absence of Satoshi Nakamoto in the picture, leaving everything to a consensus rule. You don’t find this a lot in altcoins.
Bitcoin is that coin that didn’t go through any coin offering to gain popularity and attract value to itself most of all these other coins did and have a switch button somewhere that could be restart. Vitalik already did once with ETH.
No discrimination; it's just a matter of time. If there is always a price hike on the transaction fee of Bitcoin, there will definitely be a competent competitor that will take away that throne from Bitcoin. The world is revolving, and we are all open to embracing new technologies as long as they will serve the purpose we need them for.
Have you ever wondered what cases price hike on blockchains…
It’s largely congestions but, these arises not just by the loads of transactions that are been done on it although, in a way that’s it but, you would understand that projects gets built on other blockchains and when it turns out that, the blockchain isn’t serving well enough, then its unto the next.
We’ve seen that with ETH, Solana and what’s trending at the time for memecoins is Tron.
We wouldn’t be switching for every slight change and that’s where Bitcoin wins.