Why are there no altcoins that can replace Bitcoin?

[zaesvlas]

It's trite, like comparing Maybach and other cars. It is important to understand that these options are completely different, both in terms of reliability and in terms of profitability.

[Mr.sprin]

I think why other alcoins can't replace bitcoin because bitcoin is the king of other alcoins no one can replace the king. alcoin was born because of the creation of bitcoin if bitcoin was not created by satoshi nakamoto maybe alcoin did not exist until now,

[fullhdpixel]

The fact that bitcoin "can't" be replaced is not actually a success of bitcoin, but failure of all the other coins as well. Why? Because, every other coin is working towards being better than bitcoin, and many of them are better in the technological sense for sure, however in the end they are forgetting that bitcoin is truly decentralized and I mean actually being decentralized and not just fake one where there is a governance token or whatever.

As long as other projects do not have that, whatever else they have still means nothing to me and nothing to anyone else. If we keep that up, there will never be any need for it for sure.

Even when we'll have multiple truly decentralized projects they will never replace bitcoin as there will be totally different situation. There can be situation when there are many strong coins with more or less equal strength, but no one can replace bitcoin to became an only strongest coin in crypto market.

The main reason for that is the fact that bitcoin is the most trustworthy project and nothing else. If you have a coin that is as trusted as bitcoin then there could be something that could replace bitcoin one day but what is the possibility of another coin being as popular and as trustworthy as bitcoin? I see that chance at zero right now.

I keep saying that bitcoin and blockchain is a great new invention and all the others are just improving on it and not building a new thing, altcoins think they are building a new thing but they are just improving on it. If there is something that is purely out of crypto sphere and still better, then maybe that could get bigger.

[Lubang Bawah]

Bitcoin is the first crypto and has run alone almost 3 years ago came Litecoin, Namecoin and so on, then in 2015 appeared ethereum which became the strongest altcoins until now, the thing that makes bitcoin difficult to compete with altcoins because crypto trading always makes bitcoin the standard price and trading pair , but after the last 2 years the position of bitcoin is getting lower after the emergence of stable coins.

[jokers10]

The main reason for that is the fact that bitcoin is the most trustworthy project and nothing else. If you have a coin that is as trusted as bitcoin then there could be something that could replace bitcoin one day but what is the possibility of another coin being as popular and as trustworthy as bitcoin? I see that chance at zero right now.

I keep saying that bitcoin and blockchain is a great new invention and all the others are just improving on it and not building a new thing, altcoins think they are building a new thing but they are just improving on it. If there is something that is purely out of crypto sphere and still better, then maybe that could get bigger.

Oh we see that Ethereum is becoming more and more trustworthy with time and even probably gets some kind of independence inside crypto world. But even though bitcoin is not being replaced, we just have new trustworthy assets. So I don't expect any altcoin will ever replace bitcoin but some of them will become independent one day and there would be new paradigm with multiple important crypto assets.

[jaberwock]

BTC is not only the first coin but it has symbolic value for the entire crypto market, one symbol of the blockchain revolution.
Just like gold, there are thousands of metals produced such as steel, aluminum, silver, etc., which are widely used in daily life. but gold has always been the most valuable metal, still number 1.
So there will be no altcoins that can replace BTC although ETH, Sol, Tron or Xrp... have utilities, applications and technologies that are far superior to BTC.

There are so many Altcoins in the market that are so more efficient than bitcoin but they wouldn't be able to replace bitcoin because bitcoin like you have said represent the revolution of cryptocurrency. And since it is the first cryptocurrency there is no way that these altcoins in the market would be able to take over. All they can do is improve themselves in ways that bitcoin is lacking but that doesn’t mean that they will be able to replace it.

Bitcoin will still stay as the number one coin that we have in the market. Most people prefer bitcoin than investing their money in altcoins. And moreover majority of those altcoins are just shitcoins. So, people don’t waste their time with it, except for a short-term if they do.

[dark1234]

every something one who first appears and is known in the world, they will have their own value in the hearts of their fans like KFC is the first fast food company in the world even though there are many competitors who may be better and in accordance with the local tongue but KFC has its own value both in price and taste. .....
it's just that seeing the supply of bitcoins that always decreases from year to year, it is possible that altcoins will replace them when there are no more bitcoins in this world

[Kasabus]

No alt will ever replace bitcoin, not in our lifetime any way. Bitcoin is King Daddy, there’s a reason alts were nicknamed shitcoins.

Bitcoin is the only coin who dominates the market, and altcoins are just created as an alternatives to bitcoin. But i believe not all altcoins are shitcoins, but definitely a lot of them. And no wonder bitcoin becomes the king of crypto market because its the most trusted coin that can give us guaranteed profits, whereas altcoins are more prone on scams that is why wise investors are very cautious when it comes investing in altcoins.

[dataispower]

I think why other alcoins can't replace bitcoin because bitcoin is the king of other alcoins no one can replace the king. alcoin was born because of the creation of bitcoin if bitcoin was not created by satoshi nakamoto maybe alcoin did not exist until now,

everyone is aware that bitcoin is general overseas of cryptocurrencies. But some of us don't know that altcoins make bitcoin relevant and also bring many investors to market, because bitcoin is already existing before other discoveries of altcoins. For me i may not like to invest in bitcoins again because the profit can not use to compare to the profit new coins will give me if i invest, to summarize it all. Every one values altcoins instead of bitcoin and if you watch carefully you will see that many of the altcoins is having same credit of bitcoin

[ivankoh]

It's correct.  Bitcoin is considered a trillion dollar asset, it is special and unique.  All the rest are altcoins.  In theory in the future, altcoins can replace bitcoin in the classical way of thinking like Nokia being replaced by iPhone or Samsung… But in reality, that's what we are testing, bitcoin is still holding the capital level stable market over 60%, lol

[Rengga Jati]

No alt will ever replace bitcoin, not in our lifetime any way. Bitcoin is King Daddy, there’s a reason alts were nicknamed shitcoins.

Bitcoin is the only coin who dominates the market, and altcoins are just created as an alternatives to bitcoin. But i believe not all altcoins are shitcoins, but definitely a lot of them.

Yeah, Bitcoin is Bitcoin, rhe first crypto, never be replaced.
Altcoin will be altcoins, the alternative coins. So, the alternative will never be able to replace the major. I believe this.

Well about the shitcoins, I also do agree that not all altcoins are shitcoins. but mostly yes. Depend on what coins they are and how we are on them.

[nur rochid]

I think why other alcoins can't replace bitcoin because bitcoin is the king of other alcoins no one can replace the king. alcoin was born because of the creation of bitcoin if bitcoin was not created by satoshi nakamoto maybe alcoin did not exist until now,

everyone is aware that bitcoin is general overseas of cryptocurrencies. But some of us don't know that altcoins make bitcoin relevant and also bring many investors to market, because bitcoin is already existing before other discoveries of altcoins. For me i may not like to invest in bitcoins again because the profit can not use to compare to the profit new coins will give me if i invest, to summarize it all. Every one values altcoins instead of bitcoin and if you watch carefully you will see that many of the altcoins is having same credit of bitcoin

indeed the most important thing is because bitcoin is the oldest coin, therefore it seems that it has got a brand, so that in its development it has gained great trust from investors. and that trust is what makes investors seem to unite their thoughts to invest in bitcoin, so that other altcoins seem to follow the movement of bitcoin because of the influence of the thoughts of each investor.

[capedbaldy]

I don't know some altcoins that have been created so far and maybe only a few projects that are successful in trading and have a solid community, the rest are just scam projects. No matter how many coins and decentralized altcoins, they can't replace Bitcoin forever.

[Alisha FR]

yes, some of the advantages of altcoin technology can beat BTC. talk about crypto for new people, the only thing that comes to their mind is bitcoin, and people will think of the first capital they use to invest in bitcoin. and the main reason why bitcoin is the first choice and no alt can replace it because Bitcoin is the first and decentralized. speaking of prices, bitcoin is also moving very well.

[Nerdy doctor]

BTC is not only the first coin but it has symbolic value for the entire crypto market, one symbol of the blockchain revolution.
Just like gold, there are thousands of metals produced such as steel, aluminum, silver, etc., which are widely used in daily life. but gold has always been the most valuable metal, still number 1.
So there will be no altcoins that can replace BTC although ETH, Sol, Tron or Xrp... have utilities, applications and technologies that are far superior to BTC.

In my opinion, there would never be an altcoin that could replace or outshine btc any time soon. It is used and accepted almost anywhere and it keeps growing.
I know lots of people that think bitcoin is the only cryptocurrency out there.

[witcher_sense]

indeed the most important thing is because bitcoin is the oldest coin, therefore it seems that it has got a brand, so that in its development it has gained great trust from investors. and that trust is what makes investors seem to unite their thoughts to invest in bitcoin, so that other altcoins seem to follow the movement of bitcoin because of the influence of the thoughts of each investor.

Bitcoin definitely has the first-mover advantage, essentially it allowed bitcoin to form a strong decentralized foundation on which the other very important characteristics can be built. If we think about it for a moment, without decentralization, there wouldn't exist such important value propositions of bitcoin as a limited supply, predictable issuance that algorithmically dictates bitcoin's monetary policy, irreversibility of transactions, and the highest possible uptime. In contrast to bitcoin, the vast majority of altcoins, if not all, haven't achieved true decentralization because (1) their founders are always present and have enormous influence on the project they created, (2) users that join such projects are usually short-term oriented seeking only for profits. Those, who don't care about the future of a project or don't even believe a project has a future, cannot provide for decentralization or can't sustain it for long.

[horrifiedx1]

yes, some of the advantages of altcoin technology can beat BTC. talk about crypto for new people, the only thing that comes to their mind is bitcoin, and people will think of the first capital they use to invest in bitcoin. and the main reason why bitcoin is the first choice and no alt can replace it because Bitcoin is the first and decentralized. speaking of prices, bitcoin is also moving very well.

bitcoin is moving very well because bitcoin has a loyal backer for being a first-time investment. especially for a bear market like now, of course investing in bitcoin as a reference for the movement of all altcoins, when bitcoin goes up, many investors take profits and place them on altcoins to get bigger profits. Therefore, it is not surprising that the market cap on bitcoin is always the largest

[fullhdpixel]

The main reason for that is the fact that bitcoin is the most trustworthy project and nothing else. If you have a coin that is as trusted as bitcoin then there could be something that could replace bitcoin one day but what is the possibility of another coin being as popular and as trustworthy as bitcoin? I see that chance at zero right now.

I keep saying that bitcoin and blockchain is a great new invention and all the others are just improving on it and not building a new thing, altcoins think they are building a new thing but they are just improving on it. If there is something that is purely out of crypto sphere and still better, then maybe that could get bigger.

Oh we see that Ethereum is becoming more and more trustworthy with time and even probably gets some kind of independence inside crypto world. But even though bitcoin is not being replaced, we just have new trustworthy assets. So I don't expect any altcoin will ever replace bitcoin but some of them will become independent one day and there would be new paradigm with multiple important crypto assets.

Looking at the recent moves in the market, bitcoin went up, and ethereum went up as well, then bitcoin went down and ethereum went down as well. So, if we are talking about the price, then we have to realize that they are not independent at all, not yet anyway. However, they are doing great blockchain improvements and I support that, they are becoming more independent in the direction they are taking, like how they are moving to proof of stake instead of staying in proof of work.

This is why I believe that there will be some coins, mainly ethereum, that will be more about how we could use it more and more, instead of bitcoin. Maybe the ranking won't change, but the usage rate could change a lot.

[Zanab247]

I think why other alcoins can't replace bitcoin because bitcoin is the king of other alcoins no one can replace the king. alcoin was born because of the creation of bitcoin if bitcoin was not created by satoshi nakamoto maybe alcoin did not exist until now,

Bitcoin will still remain the king among other cryptocurrencies because it has developed a good results in the world which other cryptocurrencies has never develop in the world. It will be difficult for any altcoins to replace bitcoin at this point because bitcoin has more population among other cryptocurrencies which many people believe bitcoin than any other cryptocurrencies in the community.

[pawanjain]

bitcoin is trusted by many crypto holders because most of them prefer to hold bitcoin rather than any altcoin for a long term.
Bitcoin is the first cryptocurrency and has the first mover advantage as well but then again it's not that altcoins cannot beat bitcoin.
It's just that there is no altcoin yet that has been able to beat the marketcap of bitcoin and there can be numerous reasons why.