Will altcoins thrive in the shadow of Bitcoin ?

[Fundamentals Of]

It won't. It is because altcoins are generally subservient to Bitcoin. They probably cannot get past the one that made all of them possible. Altcoins owe their entire existence to Bitcoin. They simply can't get the same level of trust and confidence that Bitcoin enjoys. They can't be as independent and decentralized as Bitcoin also. But they will probably thrive in Bitcoin's shadows. Ethereum for example is solid enough to stick to its second place for a long time.

[ivankoh]

In the current bear market, will altcoins prosper and gradually challenge the place of Bitcoin ? Why or why not ? Please share your thoughts.

Bitcoin leads and generates attention, unique, trend-driven, structural momentum.  And thanks to that, altcoins have more favorable conditions for expansion and adoption.  There are top performing altcoins that surpass bitcoin in many respects but I don't think it can overtake bitcoin.  When ETH was born, predictions about it surpassed bitcoin but what happened after proved bitcoin's No. 1 position.  I think bitcoin and altcoins are mutually supportive and together form a sustainable development for the crypto ecosystem. If there are no unexpected events, I think not.

[Digital_Lord]

I think it is very difficult to get the place of bitcoin because the price of altcoins goes as occurs with bitcoin so whenever the bitcoin reduces altcoins will also minimize price and vice versa. Altcoins have many risk factors and believing it that it will give you higher cashback without knowing its reality does not suited well. Bitcoin increase the value of your money and it will not matter that how many years you kept it, your money will be saved and goes on increasing condition but a must is that selling should take place in appropriate timing. The replacement of bitcoin with some other coins in my opinion is not possible as it is the ever successful token in crypto market.

[borovichok]

I think it is very difficult to get the place of bitcoin because the price of altcoins goes as occurs with bitcoin so whenever the bitcoin reduces altcoins will also minimize price and vice versa.

As compared to altcoins, Bitcoin has no rivals. It is possible that whenever bitcoin makes a dump, altcoins will pursue, and when it makes a pump, altcoins will mostly follow because they operate closely together. The price of Bitcoin has a positive impact on the demand from all sides, making it a very important factor. Without Bitcoin in the market, altcoins are worthless. For instance, altcoins would not exist if bitcoin had not been created in the space. With a consistent high trading volume, Bitcoin dominated the market overall. We are all aware of the significance of Bitcoin in this area and the increased likelihood of market volatility.

[Ozero]

I think it is very difficult to get the place of bitcoin because the price of altcoins goes as occurs with bitcoin so whenever the bitcoin reduces altcoins will also minimize price and vice versa.

As compared to altcoins, Bitcoin has no rivals. It is possible that whenever bitcoin makes a dump, altcoins will pursue, and when it makes a pump, altcoins will mostly follow because they operate closely together. The price of Bitcoin has a positive impact on the demand from all sides, making it a very important factor. Without Bitcoin in the market, altcoins are worthless. For instance, altcoins would not exist if bitcoin had not been created in the space. With a consistent high trading volume, Bitcoin dominated the market overall. We are all aware of the significance of Bitcoin in this area and the increased likelihood of market volatility.

The price of altcoins almost always repeated the price movement of bitcoin. Sometimes such a movement may be late or not coincide at all for a while. However, in general, altcoins are in the shadow of bitcoins. Of course, this does not mean that this will continue forever. Cryptocurrency is developing and its development is mainly due to altcoins. Altcoins have a lot of useful features, but there are even more useless and even fraudulent ones in their environment. But altcoins will continue to develop further.

[pgbit]

Despite the recent price decline of Bitcoin, the prices of huge altcoin names such as ETH and BNB have gone up. Over the history, Bitcoin has been and still is the most reliable cryptocurrency and the others don't seem to overtake Bitcoin's dominance in the foreseeable future. In the current bear market, will altcoins prosper and gradually challenge the place of Bitcoin ? Why or why not ? Please share your thoughts.

Altcoins may see some short-term gains during a bear market, it is unclear if they will gradually challenge the dominance of Bitcoin in the long term. Bitcoin's status as the original cryptocurrency and its established infrastructure give it a significant advantage over other altcoins, and it remains to be seen if any altcoins can overtake it in the foreseeable future.