Why do other Cryptocurrencies usually fail?

[syberion]

Why is it that Bitcoin the dominate cryptocurrency although the only differences between Bitcoin and other cryptocurrencies is how many coins will ever be in circulation and the algorithm in which the cryptocurrency is mined on?

[pandher]

Bitcoin came first. Thats the only thing holding its price. There are better, faster, innovative coins out now

[syberion]

What do you think will happen once all of the bitcoins are mined? Will bitcoin have a fixed value or completely lose it? Will a new cryptocurrency jump up in value?

[KingSchultz]

What do you think will happen once all of the bitcoins are mined? Will bitcoin have a fixed value or completely lose it? Will a new cryptocurrency jump up in value?

IMO, Bitcoin will become much more successful over time but I really think that at the same time, serious competitors will arise. I think a 'Battle of the Titans' scenario between the best 2-3 crypto-currencies is what will happen. Bitcoin and the 1-2 other titans will duke it out, but they'll each have their own draws and purposes. They'll share a lot of success in the coming years. There is just SO much room for expansion of crypto-currency that I don't think it's going to happen with just Bitcoin.

[rikkie]

I don't understand it as well. Some other coins come, and a few weeks, months later, you don't hear anymore about it. How can you know what new coin is a good one to buy for example.

[sanjoea]

Because they are not emerged earlier, nowadays more and more coins coming to cryptocoin industry that's why

[KingSchultz]

I don't understand it as well. Some other coins come, and a few weeks, months later, you don't hear anymore about it. How can you know what new coin is a good one to buy for example.

I look at at two things: long-term purpose, and unique features or use scenarios in comparison to Bitcoin. Most of the alt market is a giant bubble because the explosion happened so fast and so recently, but there are a few coins I think are long-term gold.

[Icardi09]

because bitcoin is trendsetter
many alt coin appear after BTC
and many Altcoin pegged to BTC
even so much scam coin released

[fudbuster]

Because most of them were created to simply extract BTC from idiots and then fail after the dev and his pals unload their stashes.