Why hasn't any altcoin replaced bitcoin?

[Ryker1]

Well, we are in the digital world and I think it is different if we compare to a car and a device like a phone that having innovation. Altcoins will remain altcoin and bitcoin is the main cryptocurrency and no one can replace bitcoin. If you noticed all trading pairs on the exchange were having Bitcoin. Every transaction will circulate the value and the supply of bitcoin that makes this cryptocurrency alone strong. Indeed, I don't think it will replace altcoin.

[Sharon121212]

Some other coins has reach a successful height in their own standards. But bitcoin is the coin with the highest volume and demands. The popularity already has edged it above others. An average person with low knowledge of cryptocurrency initially feels it's all about bitcoin.
If other coin can gets attention from people it might increase their success

[Jonyshake71]

 It is not so easy that any altcoin will have replaced bitcoin. This is because,  It is the first advance Blockchain technology that have gained trust by people. They belive "BTC may dump but BTC is not a scam coin, at all". Probably this is one of the mejor cause  behind BTC Dominance. Etherium may Dominance with large number of share in cryptocurrency market but would be unable to replaced bitcoin.

[Meysa_richa]

Bitcoin cannot be equated with Electronic hardware, such as television, which is becoming increasingly obsolete, so it is replaced by a new model.  Bitcoin is an electronic currency that has a very high selling value, where it is getting longer the value is not decreasing but instead increasing.  That's why until now no Altcoin has been able to replace Bitcoin, because they are new and the value is still small, while the Bitcoin that first appeared will continue to increase in value and will not be overtaken.

[Artemis3]

I think bitcoin has been one of the biggest innovations of the human in the past years. Many altcoins have been created after bitcoin. But none of  them have been successful as bitcoin is. Why is that?
Why no altcoin can replace bticoin?
Every new thing and every technology is usually replaced by a newer one as the world is always developing.

The first television built was mechanical, then electronic television were invented, then colour televisions, digital, 3D, ....
The first automobiles invented were steam-powered wheeled vehicles, then electric automobiles appeared. Now we have autonomous cars. Now we have Tesla model S. Now we have Lamborghini.
All of us know about the developments made in mobile phones.

Every thing is being developed. Every device is finally replaced by a newer one. Why no altcoin has replaced bitcoin till now? Do you think it will happen in future?
I personally think people will trust what Satoshi has created more than altcoins till many years later.
Altcoins are created to make the developers rich. But bitcoin is different. Bitcoin was created in favor of us. So, no altcoin can be trusted as bitcoin.

What do you think?

To answer your question with your own analogies, why hasn't "3D" Television replaced everything completely?

When a new technology comes, the next that offers an "upgrade" isn't necessarily accepted. While truly revolutionary technologies end replacing everything behind, sometimes things come that people do not want, or at least do not want at that point in time (Ahead of its time, see Apple's Newton, tablets in the 90ies).

Your car anology is a bit backwards, but then again electric cars came before gasoline cars, they weren't particularly useful or wanted back then, they are now. Your Lamborghini would need to be thrown against a Tesla Roadster (the newer edition), and it would beat it, without any vroom... Engines were invented in a particular historical succession, with Steam coming earlier then the others, but the others proved far more efficient, smaller and reliable.

Why no altcoin has succeeded? Perhaps none of their proposals are good enough yet, or they are also sacrificing something critical that people are not willing to risk their money into. (Such as centralization).

[Oceat]

Many have tried to match Bitcoin but most of them failed yet there are who passed too yet people still choose Bitcoin no matter how many times they have to fork it they will still remain as an altcoin. Bitcoin is the father of all cryptocurrency today that ever existed and thanks to Satoshi for making this innovative technology to fight against the banking system.

[Saisher]

I think bitcoin has been one of the biggest innovations of the human in the past years. Many altcoins have been created after bitcoin. But none of  them have been successful as bitcoin is. Why is that?
Why no altcoin can replace bticoin?
Every new thing and every technology is usually replaced by a newer one as the world is always developing.

The first television built was mechanical, then electronic television were invented, then colour televisions, digital, 3D, ....
The first automobiles invented were steam-powered wheeled vehicles, then electric automobiles appeared. Now we have autonomous cars. Now we have Tesla model S. Now we have Lamborghini.
All of us know about the developments made in mobile phones.

Every thing is being developed. Every device is finally replaced by a newer one. Why no altcoin has replaced bitcoin till now? Do you think it will happen in future?
I personally think people will trust what Satoshi has created more than altcoins till many years later.
Altcoins are created to make the developers rich. But bitcoin is different. Bitcoin was created in favor of us. So, no altcoin can be trusted as bitcoin.

What do you think?

Because they try to replace Bitcoin using Bitcoin's own code or because the coin's motive is only to enrich its creator, traders and whales in the community are more on Bitcoin then these altcoins, for us to get adopted Bitcoin should go first, Bitcoin is not something that you should just use, but you also need to undestand how it works.

[pawanjain]

I think bitcoin has been one of the biggest innovations of the human in the past years. Many altcoins have been created after bitcoin. But none of  them have been successful as bitcoin is. Why is that?
Why no altcoin can replace bticoin?
Every new thing and every technology is usually replaced by a newer one as the world is always developing.

The first television built was mechanical, then electronic television were invented, then colour televisions, digital, 3D, ....
The first automobiles invented were steam-powered wheeled vehicles, then electric automobiles appeared. Now we have autonomous cars. Now we have Tesla model S. Now we have Lamborghini.
All of us know about the developments made in mobile phones.

Every thing is being developed. Every device is finally replaced by a newer one. Why no altcoin has replaced bitcoin till now? Do you think it will happen in future?
I personally think people will trust what Satoshi has created more than altcoins till many years later.
Altcoins are created to make the developers rich. But bitcoin is different. Bitcoin was created in favor of us. So, no altcoin can be trusted as bitcoin.

What do you think?

There is one simple plain reason why bitcoin is still on the top.Every coin has a owner but in case of bitcoin there is no particular owner.
Everybody is the owner. Now this might look like a shitpost but deep down, it's the actual truth and the ultimate reason why bitcoin cannot be destroyed by anything.

[Anonylz]

For now it seems btc will still continue to reign supreme, btc is the first and everyone hold it in high esteem, but that does not mean it is impossible to see another that will take its place, crypto existence is still young, you never know what could happen in the future, it can't always be btc for the rest of human existence, something will change it eventually.

[atjiat]

In my opinion, the cryptocurrency market is still very young and the first competitor to Bitcoin is Ethereum.  Perhaps in the near future the situation may change dramatically, because compared to Bitcoin, Ethereum has a much faster transaction speed and the transaction cost has decreased again.  Of course, scalability is still the main problem on the path to mass use, as well as before attracting large sums of money from a large business.  But I hope that the team will do everything to solve this problem.

[Artemis3]

In my opinion, the cryptocurrency market is still very young and the first competitor to Bitcoin is Ethereum.  Perhaps in the near future the situation may change dramatically, because compared to Bitcoin, Ethereum has a much faster transaction speed and the transaction cost has decreased again.  Of course, scalability is still the main problem on the path to mass use, as well as before attracting large sums of money from a large business.  But I hope that the team will do everything to solve this problem.

No, because Ethereum was made too centralized, reflected by the fact that they can undo blockchain transactions on a whim, which permanently damaged its reputation. Oh and infinite supply...

Centralization is the biggest weakness of many altcoins, but not the only one. I don't even know of any altcoin deserves the term "competitor" at this point, as they all combined keep moving less than Bitcoin alone.

Bitcoin isn't perfect but so far the alternatives have been far from being better. This is bad for everyone, of course. Perhaps another one will come made by (yet another) anonymous developer who will disappear permanently following Satoshi's footsteps. That would be the first step in dismantling any scam or profit scheme accusation (ie. Litecoin guy selling his Litecoins). Having its own blockchain (and not piggybacking on anyone else's as "token") probably helps. Then being centralized, ie. unstoppable. A well made code that will keep the coin design following its route whenever that may be. No identifiable individual or company you could destroy to destroy the coin, basically the opposite of many altcoins.

And even after all that, it takes something especial to be recognized by the community. Faster transactions? Bigger anonymization? How about security and redundancy, ease of use, etc.

If Satoshi were to make Bitcoin today, what would he/she/they made different after magically having earned these 10 years of past experience? THEN we MIGHT see something remotely resembling competition. Most of what we have now is useless and or not trusted, and there is the addition that there is simply too many, among all that garbage may a gem remain hidden, but most people can't spot it yet.

[FlightyPouch]

I am not certain but all I know is that bitcoin will never be replaced by any altcoin even if we continue what Satoshi wants to do with it is because a lot of people are earning their profit from it. It is the first successful crypto currency so obviously it will be the first one to be expensive and with its volatility, the price can be quickly manipulated to reach great heights that will boost more profit and will boost more demand in the near future.

[Mpamaegbu]

What do you think?

No one knows on what bitcoin isn't still being replaced yet in spite on being outclassed by most updated or good featured altcoins in the market currently.

But we can already presume that Bitcoin is king of crypto that's why its being mainly supported by the masses in spite of its scability issues.

I guess it's an unconscious respect for Bitcoin by other cryptos that has still made them all to queue behind it, rather than overtake it  That's just a mild joke. On a serious note, I believe is greed from the altcoins devs that has continually gone against them. I bet the anonymity of Satoshi is a plus for the growth of Bitcoin and it goes a long way to curtail the greed that might have sprung if Satoshi was known and directly involved. In 2017, I thought Bytebal would've overtaken Bitcoin for it was the second to Bitcoin in price but it just couldn't do the magic. Now Bytebal is just as ordinary as most of the altcoins with low prices.

[fortunecrypto]

I think bitcoin has been one of the biggest innovations of the human in the past years. Many altcoins have been created after bitcoin. But none of  them have been successful as bitcoin is. Why is that?
Why no altcoin can replace bticoin?
Every new thing and every technology is usually replaced by a newer one as the world is always developing.

The first television built was mechanical, then electronic television were invented, then colour televisions, digital, 3D, ....
The first automobiles invented were steam-powered wheeled vehicles, then electric automobiles appeared. Now we have autonomous cars. Now we have Tesla model S. Now we have Lamborghini.
All of us know about the developments made in mobile phones.

Every thing is being developed. Every device is finally replaced by a newer one. Why no altcoin has replaced bitcoin till now? Do you think it will happen in future?
I personally think people will trust what Satoshi has created more than altcoins till many years later.
Altcoins are created to make the developers rich. But bitcoin is different. Bitcoin was created in favor of us. So, no altcoin can be trusted as bitcoin.

What do you think?

I don't think it applies to Cryptocurrency, Cryptocurrency runs on code and all these altcoins are just cloned of Bitcoin who are all using Bitcoin code with alteration, it's better to learn how Cryptocurrency works the first time using Bitcoin and not it's clone coins.

And besides Bitcoin's dominance is now over 70%

[BITDV]

For now, yes no coin can replace bitcoin. because of

1. First inovation for decentralized digital money
2. First blockchain system
3. Mother of cryptocurrency

But in the future, it's possible for other coin to replace it. Just remember Nokia or blackberry history, Nokia is one of the best phone in his era, they have great innovation, but now you know they replaced by samsung and other android phone.

This also almost same with blackberry, blackberry only just rely on their BBM, but now they replaced with other phones and their BBM replaced by whatsapp

[shoreno]

For now, yes no coin can replace bitcoin. because of

1. First inovation for decentralized digital money
2. First blockchain system
3. Mother of cryptocurrency

But in the future, it's possible for other coin to replace it.

what about now ? bitcoin is not new anymore , its been so many years that bitcoin existed in the space and there are now millions of coins have been created but still bitcoin is on the top . in the future you can say all those stuff . bitcoin will still be the first no matter how long it goe's  .

Just remember Nokia or blackberry history, Nokia is one of the best phone in his era, they have great innovation, but now you know they replaced by samsung and other android phone.

This also almost same with blackberry, blackberry only just rely on their BBM, but now they replaced with other phones and their BBM replaced by whatsapp

nothing is replaced . nokia , bbm and other older brands are still there  . they did catch up and built thier own android phones .

[boyptc]

I don't think it will happen in the near future. We are far from seeing that moment that bitcoin will ever be replaced by another altcoin.

The reason why no altcoin replaces the king is that they all have the same idea and purpose. And those purposes that they are coming up with can already be seen to bitcoin and majority of us would want to stay on it.

[kawetsriyanto]

Altcoins are created to make the developers rich. But bitcoin is different. Bitcoin was created in favor of us. So, no altcoin can be trusted as bitcoin.

It can be true, but I think it is not only the reason for this case.
Some altcoins are trustable and potentially improve well in the future, but there are no coins as the real competitors of Bitcoin so far. I can understand this situation since Bitcoin has been proven longer than others. Moreover, Bitcoin is still the main factor to determine the "up or down" the prices of crypto coins till now. So, it is not surprising if no altcoins can replace it. 

[tiedcoin]

Bitcoin was the first of its kind to come into the mainframe of cryptocurrencies. Altcoins were created and introduced to the world later.
Bitcoin holds almost 70% of the market cap, leaving only a small margin for Altcoins and other Cryptocurrencies. The various kinds of Altcoins circulating in the market are creating unwanted competition for themselves.
New Altcoins are introduced very frequently in the market, and many even die a natural death. Whereas, Bitcoin has stood the test of time.
The ROI that Bitcoin has offered over the years to investors is much higher than any Altcoin has ever yielded. These are the many reasons why Altcoins have not surpassed Bitcoin yet.

[Mulann2]

Who knows maybe that coin has not been born yet, never say never, everyday new project keeps coming into the crypto community looking to make a change or right some flaws they think btc has but so far none has been able to come to per with btc,
good thing is the space is vast and full of endless opportunity so there is more than enough room for young and fresh innovations to step in as at when due.