Why hasn't any altcoin replaced bitcoin?

[Abiky]

There are stages in the development of a technology. As a logic, the first technological product develops and changes. But bitcoin is different. I have bitcoin for 10 years. No major improvements other than the SegWit update. Alternative coins could not spread in the market. Bitcoin is still king.

Exactly. While most altcoins prove to be superior than Bitcoin in terms of technicalities, they haven't been unable to beat the "King" because they don't have a trusted brand/name within the mainstream world. When joining the world of crypto, the first thing a person topples with is Bitcoin. And this is for a very good reason. Being the world's first cryptocurrency ever created, it has a lot of support from developers, businesses, companies, and individuals alike. Altcoins are simply copies of the original Bitcoin blockchain that have been modified at some degree by integrating additional features, etc. But the truth is that every single cryptocurrency is just based on Bitcoin's Blockchain technology. The pioneer cryptocurrency's major improvement has been SegWit and the Lightning Network. This might be all Bitcoin needs to stay relevant in the mainstream world, relative to other cryptocurrencies on the market.

The inability to provide real use cases for the world, has been one of the many reasons why altcoins have been unable to replace Bitcoin. Most of the altcoins we know and love today, need a lot of marketing/promotion and adoption within the mainstream world to be able to stand next to Bitcoin in every way. But we all know, it's virtually impossible to take down something that's the origin of a disruptive technology that's bound to change the world. Hence, Bitcoin will continue to be the "King" for years to come while altcoins will be considered as second-class cryptocurrencies within the mainstream world. Just my opinion

[gmaxwell]

prove to be superior than Bitcoin in terms of technicalities,

Citation needed.

Altcoins are quick to add marketing features, but over and over again those wizbang features have thoroughly undermined their security usually while providing little to no practical benefit, sometimes while not even providing a clear theoretical benefit.

Superior shouldn't be about how many bullet items you can put on a webpage to fleece suckers with, it should be about keeping your coins secured and easily transacted.

There is an occasional altcoin that has some genuine improvement but it's usually packaged with other marketing features that hurt security or other features or tradeoffs that make it less of a competitor to Bitcoin (premines, worse scalability, centralization, etc.).

If some altcoin did one day supplant Bitcoin it's far from clear that the whole circus wouldn't just stop not long following that... After all, if foocoin can replace bitcoin then won't some barcoin replace foocoin eventually? If so-- why would you want to own foocoin either?

[Codex_HTML]

No altcoin will ever replace Bitcoin because it is a scarce asset that has global trust running for years. Most alts gain their value from the implication that they can gain more BTC from their alts.

[akirasendo17]

altcoins are from the image of bitcoin there is no other better than bitcoin fo someone who is dreaming that someday they will surpass bitcoin , its not going to happen , it maybe replace it from top 1 standing, all of coins even ethereum is base on bitcoin so no matter what happen it maybe replace bitcoin in papers and standings but it will be never be same as bitcoin

[Bitcoinislife09]

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?

This alternative tokens are just alternative and cannot replace bitcoin, bitcoin technology is unique and it is decentralized in the market we cannot replace something easily with just creating another like it it is already famous and popular in the community. It is where its all started in bitcoin a digital cash a lot of people don't know about cryptocurrency or altcoins but only know altcoins in the market.

[PointHope]

I watched a good Andreas Antonopolos clip on how Bitcoin is more akin to an open source opperating  system like Linux. Which has evolved over time to be the underlayer opperating system virtually everywhere.
There will likely be a point when the Bitcoin network will the happily chugging along and no one will realize it is there.

[btc78]

No altcoin will ever replace Bitcoin because it is a scarce asset that has global trust running for years. Most alts gain their value from the implication that they can gain more BTC from their alts.

and knowing that they only rely in BITCOIN PRICE?how come they will overpower a currency that is almost fix in rank number 1.
bitcoin will remain in this position for another 10 years again or more maybe .altcoin on the other hand?will struggle more and more but wont get any chance for hanging in the top.

[bitcoinsocial09]

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?

Altcoin could not replace bitcoin because it was just an alternative token, also bitcoin is the first cryptocurrency in the market or a digital cash.
They cannot replace something like bitcoin with just creating something like it, they just created another like it.

[Janation]

To be honest, there are a lot of better altcoin than bitcoin right now.

I think the first reason is that Bitcoin is the first so it really had a headstart. Another thing is that there are a lot of supporters of it. When you say cryptocurrencies, Bitcoin will be the first one that will pop to people's mind, altcoin can't compete with that. We're not even talking about its value.

[plvbob0070]

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 guess this is happen because Bitcoin is more popular to the public because for me this is old and have more security than the others Altcoins. Bitcoins also is trustworthy because of it's number of users so I cannot blame Btc to have this impact in the public

[Eugenar]

To be honest, there are a lot of better altcoin than bitcoin right now.

I think the first reason is that Bitcoin is the first so it really had a headstart. Another thing is that there are a lot of supporters of it. When you say cryptocurrencies, Bitcoin will be the first one that will pop to people's mind, altcoin can't compete with that. We're not even talking about its value.

Think of things like this: there are many fast food chains, businesses and other corporations that is ahead of others, and most of the time, their edge is the capabilities, features, services and overall product quality that they could provide to the people. In addition, one key factor that contributes to their growth is the name or band that they have. Others are often franchise and the reason is to have the same business with the same name. In bitcoin, I do really see that the main thing bitcoin make it standout to altcoin is not just because of the services and characteristics it has but for me, it has the ultimate and the most suitable name for a digital currency which is called 'Bitcoin".

[alyssa85]

To be honest, there are a lot of better altcoin than bitcoin right now.

I think the first reason is that Bitcoin is the first so it really had a headstart. Another thing is that there are a lot of supporters of it. When you say cryptocurrencies, Bitcoin will be the first one that will pop to people's mind, altcoin can't compete with that. We're not even talking about its value.

Altcoin supporters need to do a lot more work in making their coins more visible.

I was very impressed with how Ethereum launched itself a few years ago - they even managed to get the New York Times to do an article about them and their coin. That's the kind of marketing you need in order for an alt to even start competing with bitcoin.

[radjie]

To be honest, there are a lot of better altcoin than bitcoin right now.

I think the first reason is that Bitcoin is the first so it really had a headstart. Another thing is that there are a lot of supporters of it. When you say cryptocurrencies, Bitcoin will be the first one that will pop to people's mind, altcoin can't compete with that. We're not even talking about its value.

we all know, the existence of bitcoin is able to give birth to other types of coin competitors (altcoin). altcoin will not be able to grow if there is no bitcoin that supports it. therefore, bitcoin cannot be replaced by potential altcoin though, although there will always be intense competition in this industry.

[Lee01]

The square measure network impact and evidenced security of bitcoin which is about 88% insurmountable and this makes bitcoin unique over other altcoins.
It’s instructive that almost all coins try and carve out some differentiation supported a lot of smaller use cases, like prediction markets, shopping for things utterly anonymously or adding a suburbanised name server.
Bitcoin encompasses a giant lead as a store of import over each altcoin in having existed eight years while no failure at all. the protection of Bitcoin has been evidenced much more than a lot of younger crypto currencies. And because of this bitcoin will ever be the king of coins for still many years to come.

[sayaya17]

I don't know what will happen later on crypto. Specifically what will happen to bitcoin and how bitcoin can be replaced on by other cryptos. Maybe someday there will be other technologies that are more sophisticated and can shift the position of bitcoin as the current crypto king. We never know what will happen in the future.

[Sadlife]

Bitcoin is widely used and the most popular crypto currency right now that's why many people still invest in it. One of the reasons why bitcoin is still number one despite the number of competition out there. Probably because of the trust and reputation of bitcoin that despite being in a countless bubbles, it still manage to survive maybe that's why.

[Herry Toms]

Well, IMO it will be really hard for any altcoin to replace bitcoin in terms of quality and market cap. The reason is Bitcoin has big exposure and many big firms and big boys are backing it so it is getting everything that needs to make it bigger in the future. On the other hand altcoin don't have this kind of awareness and exposure there are few good projects which really could be strong competitor to Bitcoin in term of quality but I think it is still impossible to beat Bitcoin in term of market cap and volume.

[hahay]

Another reason might be because bitcoin is the main pair of all coins in every exchange, although there are already many altcoins that can be converted directly with fiat, but bitcoin is the most popular and the main one and maybe that's why bitcoin continues to be the strongest because of its popularity and its reputation. We do not know something like what will happen in the future because change will definitely happen there.

[Aikidoka]

I don't think that Bitcoin can be replaced with any altcoin because it's really the first and the strongest crypto currency so far. I don't see any potential in any other coin to replace Bitcoin in the next few years at least. Some people were saying before that ethereum can replace Bitcoin in some point in the future but I don't think that's gonna happen.

[BlackFor3st]

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 am also curious about it, I am wondering also why most of the big investors are favoring bitcoin over other coins even if the other coins/tokens were keep on innovating just to provide the best service to the customers or clients in order to give us the satisfaction.

Yeah, I also see that advantages. No one has the control over bitcoin compare to the other currencies that only the team behind the project will become successful once they will come on top.