Till date, why is there no crypto that is near Bitcoin's worth?

[cafee_orange]

Bitcoin is the parent of all altcoins, so I think it will be very difficult for other crypto to get close to the price of Bitcoin, even though the second highest BCH has not been able to approach the price of Bitcoin, but in the crypto world nothing is impossible, maybe in the next few years crypto which will approach the price of Bitcoin.

[hesham51]

With thousands of new cryptos and new ones coming daily. Why don't we still have any coin that is close to Bitcoin's worth?

Actually I don't have the real answer or at lest the proper answer, but let me think loudly , Bitcoin is the Godfather of cryptocurrencies and it's used as fuel of blockchain network, the total supply of Bitcoin is 21 millions with circulating supply more than 17 millions and the bitcoin is the base currency in almost all exchanges and all coins/tokens traded against Bitcoin.

[bajindul88]

With thousands of new cryptos and new ones coming daily. Why don't we still have any coin that is close to Bitcoin's worth?

For now it's indeed difficult because the bearish market is still fertile, but if it is over, I am sure there is one crypto currency that can compete with us, we will see it like FOIN which is growing rapidly and can compete with fork from bitcoin like BCH. I hope that from the few coins that I have can rival other projects

[Agapelove]

Yeah, great question! Since bitcoin is the first cryptocurrency, holders of bitcoin just made sure that it will stay on top. We may never know how things turned out the way it is now with bitcoin surges in price. Maybe because of the manipulators which are the early holders. Or may be new holders but huge holders. Maybe the only way to have a coin better than bitcoin is the first coin to go mainstream adoption.

[thelemot]

With thousands of new cryptos and new ones coming daily. Why don't we still have any coin that is close to Bitcoin's worth?

because another coin is a renewal of the project, meaning that it is the ownership of the project, different from the bitcoin that doesn't have a master

[lapyshka]

Perhaps because Bitcoin performs the functions of a means of payment. (trading pairs) And the functions of the means of accumulation (people have more confidence in it). Many people still prefer bitcoin over other crypto coins. And people treat new projects as a way to make money.

[Samkol26]

I don't think any coin will come close to bitcoin.  This is because bitcoin price too will not stay stagnant and creation of more coin on the blockchain will boost bitcoin. The only think that can make any coin come close to bitcoin is if they create another technology that is better than bitcoin's blockchain

[bravehearth0319]

Aside from being the first cryptocurrency that shows innovation to the current financial transactions, it is also the way bitcoins have been mined. Its really hard to acquire bitcoin back then, of course now, you can buy them instantly. It's the trust and confidence made by bitcoin holders that makes the community of bitcoin bigger and bigger.

[novusordo]

Because there is no cryptocurrency like bitcoin to date. And Bitcoin is unique, other altcoins can't compare to the bitcoin of history and price, never have any altcoin can achieve the price of BTC

[Script3d]

If there would be a coin that will replace bitcoin it would take a long time to overtake, because not just the altcoin is improving also bitcoin constantly adding more feature like lightning network to solve the transaction fee and confirmation time problem.

[Icologies]

With thousands of new cryptos and new ones coming daily. Why don't we still have any coin that is close to Bitcoin's worth?

indeed many new coins are coming but that does not guarantee that it can compete with bitcoin and other altcoins and that it takes a long time for new coins to compete at the current top altcoin there are some that in my opinion have a high potential to approach the price of bitcoin in the future, namely ETH, NEO and EOS. The altcoin has a clear concept and large volume.

[diouf67]

To date there is no crypto that comes close to bitcoin in terms of usability and adoption. It's also one of the most decentralized of coins. Finally it was the first so already had a big advantage over the others.

[pharaon]

The market of crypto-currencies is relatively young, and to repeat the fate of Bitcoin, or to reach such a price level is impossible at the moment, because Bitcoin is the first crypto-currency with its unique technology. Let's see how the events will develop further and who can compare with Bitcoin in the future.

[asayoyaasa]

You know bitcoin is giant for crypto, that is mother of cryptocurrency and of course we are no doubt if buy bitcoin. Also Bitcoin using for trading pair in any coin, that one reason we can't stop btc's popular and make people go out with their btc.

[slightmoon]

By market dominance we can see that Bitcoin one side and all others coin one side.  Hard for other coins to fight with Bitcoin single hand. All we know in the crypto world all prefer for the Bitcoin first. Trust and faith of community. 

[Thefrolly]

With thousands of new cryptos and new ones coming daily. Why don't we still have any coin that is close to Bitcoin's worth?

There is none. You have to take into account a lot of factors like the fact that bitcoin was the first coin in the market, it was a year before another cryptocurrency was made after bitcoin came out. Bitcoin has had a lot of time to evolve and mature for it to get to the point that it is right now. It will take the other coins time to get to the point that bitcoin is now

[jrrsparkles]

With thousands of new cryptos and new ones coming daily. Why don't we still have any coin that is close to Bitcoin's worth?

Because no coins were much old as bitcoin so the bitcoin is more recognized and it has more demand so the price also more when compared to the new infants which aslo just same as the bitcoin in the action.But any coin can be worth as much or more than bitcoin when it has enough demand for that so it based on their usage will be determined,

[clipto]

I think investors are not ready yet to switch to altcoins. Because the market dominance of Bitcoin is very big at this moment and I hope things will change with the upcoming bull run trend. It is time for a new crypto to be on the top.

[Betwrong]

~

I think it is because bitcoin is the most trusted coin of all

i disagree. i believe it is because others are not-trusted and bad.
otherwise i strongly believe that if some day we see a really good cryptocurrency that actually solves some of bitcoin's problems (instead of pretending in their advertisements) then it can become as big as bitcoin if not bigger.

Looking at how slowly Bitcoin adoption has been going, we can imagine how much time it would take for people to believe in a new coin even if it was much superior in many ways. Theoretically it could take 10 years for such a coin to replace BTC, but in practice I think it will never happen. The thing is that Bitcoin doesn't stay stagnant and wait until some other coin will surpass it. It is, in fact, a living and continuously evolving project with a great team behind, which makes it almost impossible for another coin to replace it. In short, I believe that Bitcoin can solve its problems by itself faster than a coin in which those problems are solved can be adopted on a large scale.

[daporivera]

BTC  is the first crypto coin and with regards to How long it has been in existence, it is therefore trusted by multitude unlike other coins that sometimes turn out to be a scam.