Why hasn't any altcoin replaced bitcoin?

[hdtqisg]

Many reasons can be mentioned, but the common cause is that Bitcoin has become an exchange system for altcoins and tokens! Bitcoin will be able to be replaced by altcoin meet better demand and a strong community support!

[xabre]

Altcoin have lower price never can't replace of bitcoin, bitcoin price now about $8k and altcoin only have higher price with bitcoin cash about $200, how to altcoin replace for bitcoin have higher price and altcoin have lower price, its possible to replace bitcoin place with higher price?

[Youghoor]

Have you ever seen a father replaced by his son or daughter as the head of the family? This is the same way altcoins can never be able to replace bitcoin no matter what happens. Bitcoin is and will always be the father and king of all cryptocurrencies even if its value drops to a dollar. People just have to understand this.

[Obito]

Well, you cannot compare a physical device to a currency. Well, it was invented but currency has somehing to do behind those technologies out there. On the other hand, bitcoin was the first crypto who has to be invented and made its circulation around the globe, and as years go on as many people discovered it and play it a long market of continuously grow. Until someone, and many people made altcoin to from bitcoin's form. Though it was new, but bitcoin has the biggest price among them all that new one can't outreach it today, but may be soon? But as altcoin grows, remember bitcoin as well grows.

[Magkirap]

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?

Every crypto is different on their own, they have their own features and characteristics. Also, big factor why bitcoin owns the crown because it was the pioneer of all cryptocurrencies. Thus, creates much supporter than other. However, there is a possibility that someday the crown will be pass to other crypto. We are the ones that can decide whether we will patronize other crypto than bitcoin.

[jarhed]

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?

Every crypto is different on their own, they have their own features and characteristics. Also, big factor that bitcoin is the pioneer of all cryptocurrencies. Thus, creates much supporter than other.

You rightly said that supporters play a key role in the development of the entire cryptocurrency market. I think that the main players will be able to choose the cryptocurrency market leader. And there are chances that Ethereum will replace Bitcoin.

[electronicash]

You rightly said that supporters play a key role in the development of the entire cryptocurrency market. I think that the main players will be able to choose the cryptocurrency market leader. And there are chances that Ethereum will replace Bitcoin.

Hundred of thousands of BTC were lost for different reasons, BTC is becoming less and less in numbers which is why BTC willl be valuable and will be the market leader since its also paired to almost all coins in the market. Every coin wants to dominate and ETH will also dominate in the ERC market just as TRX will dominate in the TRC20 assets but BTC will rule them all.

[bryant.coleman]

You rightly said that supporters play a key role in the development of the entire cryptocurrency market. I think that the main players will be able to choose the cryptocurrency market leader. And there are chances that Ethereum will replace Bitcoin.

Hundred of thousands of BTC were lost for different reasons, BTC is becoming less and less in numbers which is why BTC willl be valuable and will be the market leader since its also paired to almost all coins in the market. Every coin wants to dominate and ETH will also dominate in the ERC market just as TRX will dominate in the TRC20 assets but BTC will rule them all.

Hmm.. you are right. I read somewhere that up to 3 million BTC may be lost forever (i.e they could not be spent as the private keys are lost). And this number includes close to BTC980,000 held in Satoshi's wallets. And as time progresses, the number is most likely to increase. A lot of the users don't share their backups with anyone and if something happens to them, then these coins are gone.

The best example is that of the Canadian exchange QuadrigaCX. A huge amount of coins belonging to the exchange users were being held in a wallet and only the owner of the exchange (Gerald William Cotten) had the private keys to access them. Cotten died suddenly in 2018, leaving the exchange users without a way to recover their coins. And incidents such as this one are not very isolated. 

[barabarian1]

altcoin cannot replace bitcoin in my opinion because bitcoin is:
1. bitcoin is the first and foremost coin in cryptocurrency.
2. after its high rise in 2017 bitcoin became very popular and altcoin was not well known.
3. bitcoin has a very high value it will be difficult for altcoin to rival the price of bitcoin.
4. bitcoin continues to grow and has a large community.
5. and most altcoins cannot last long on the crypto market, which makes investors uninterested in investing in altcoin.

[Meowth05]

We cannot predict the future. But as of now, from what I can tell, Bitcoin's future will still be holding its crown. We can't really say, but that's true, every technology would be replaced by another, more advanced and viable option for the people to use. Maybe it's not yet the time, or it's not yet in the making. But definitely at one time in the future, we would see more changes to crypto-space and we there's a high possibility that Bitcoin would also be replaced, given how fast people innovate these days.

You have a point I am pretty sure that bitcoin could be replace by new currency however it will not be some altcoins  just like USD it never been replaced by any fiat but now bitcoin is gradually taking its crown in different manner. Bitcoin will never be replace by any altcoins due to the fact that they are dependent on it, as bitcoin dip they also tend to the same, more likely bitcoin could a very big impact on crypto market unlike of some sort of coins.

[Olaphash]

Bitcoin will always remain the king because of its dominance in the market cap. Bitcoin was also most of us first word when we started learning crypto and also what most of us always buy first before we exchange it to altcoin.

[ReiMomo]

Bitcoin will always remain the king because of its dominance in the market cap. Bitcoin was also most of us first word when we started learning crypto and also what most of us always buy first before we exchange it to altcoin.

I am happy that in your young rank you know Bitcoin is. That means bitcoin still on demand even if the value of it drops down for now. Also, Bitcoin is the first cryptocurrency the reason why many people are still trusting on bitcoin because it is still here and they believe that bitcoin will still rise up again and they can still be able to earn a big profit on it. Ethereum is almost but it is failed to compete in bitcoin, the king of crypto will always remain on top.

[tsaroz]

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?

It's too early. We don't know how long the reign of bitcoin would last as there would never be a direct competitor to bitcoin.
Bitcoin has became too large and popular on it's genre that no other coins could compete with it. Maybe as we come towards the saturation of bitcoin supply and it would be a precious and scarce thing, people could chose another coin to act like bitcoin.

[jarhed]

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?

It's too early. We don't know how long the reign of bitcoin would last as there would never be a direct competitor to bitcoin.
Bitcoin has became too large and popular on it's genre that no other coins could compete with it. Maybe as we come towards the saturation of bitcoin supply and it would be a precious and scarce thing, people could chose another coin to act like bitcoin.

How is it that Bitcoin will never have a direct competitor? And then who is Ethereum? On the contrary, I see that Ethereum continues to develop its network faster than Bitcoin over the last year.

[gandame]

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?

What do you think?

Yes bitcoin is the biggest innovations past year and until now.
Anyone know that no one can replace bitcoin any altcoin are no one can replace it because bitcoin is the main cryptocurrency that can exchange in cash.
Even ethereum cannot replace bitcoin.

[Aying]

Many reasons can be mentioned, but the common cause is that Bitcoin has become an exchange system for altcoins and tokens! Bitcoin will be able to be replaced by altcoin meet better demand and a strong community support!

Indeed. Altcoins demand and community support aren't enough to surpass bitcoin. every altcoins project need to develop any platform or services that bring non crypto users here. if that didn't happen there is no chance that bitcoin will be second or lost in this era. but in my perspective.. if manipulators want 1 altcoin to be number one I think they can.

[Shasha80]

Until whenever bitcoin cannot be replaced by any altcoins, there are many reasons for this Bitcoin can't be replaced because bitcoin
like a mother of cryptocurrency so altcoins only become followers, bitcoin is always dominant among altcoins, altcoins prices follow
the movements of bitcoin prices, bitcoin prices are always above the price of altcoins, etc. With the reason it feels makes bitcoin
invincible now or in the future. Then from the world of cryptocurrency the safest investment by buying bitcoin.

[Realroy]

bitcoin is way too much popular, every newbie steps into crypto world with only bitcoin knowledge. if any alt coin wants to surpass bitcoin, it needs to have some record breaking moves which can make it to the news and spread the word.

[Abiky]

We cannot predict the future. But as of now, from what I can tell, Bitcoin's future will still be holding its crown. We can't really say, but that's true, every technology would be replaced by another, more advanced and viable option for the people to use. Maybe it's not yet the time, or it's not yet in the making. But definitely at one time in the future, we would see more changes to crypto-space and we there's a high possibility that Bitcoin would also be replaced, given how fast people innovate these days.

Completely agree with you, mate. Bitcoin will always be the leader of the crypto space no matter what. Many altcoins have come and gone over time delivering "superior" features without delivering true use cases within the mainstream world. Others have remained solid in their position on the market, but have been unable to outmatch Bitcoin in terms of mainstream adoption. Because of these reasons, it's very unlikely that the pioneer cryptocurrency will be replaced anytime soon. The only way Bitcoin can be taken down is if governments enforce tightening regulations against it. Other than that, I don't see any other altcoin taking its "throne" anytime soon.

But who knows? Given how fast Blockchain technology and the crypto space progresses, Bitcoin could be a thing of the past if it doesn't improve over time. After all, it seems that many people prefer convenience (faster transactions and lower fees) on top of security (censorship-resistance, and decentralization). Time will tell us what will be the fate of Bitcoin, as the space grows over time with fresh ideas that will challenge even the most prominent cryptocurrencies on the market. But I'm sure that Bitcoin will win in the long run, as it's already too big to fail. Just my opinion

[BorisWCR]

Because he is the thing. Everything start with Bitcoin. Other crypto currencies just boom in here all just because of the popularity of the Bitcoin. So there is no doubt why those second in line to Bitcoin cannot defeat there origin. Although some are keep on climbing, no one step one forward to Bitcoin.