How Altcoins Failed To Win Over Bitcoin

[Bobcrypto]

Obviously, Bitcoin started first 10years ago and altcoins followed in a bid to provide alternatives or  answers to the various shortcoming of Bitcoin, while some altcoins also came to addressing other crypto related issues beside Bitcoin ideas.

Altcoins, in my opinion will not top Bitcoin because the whole ideas of cryptocurrency and the blockchian was discover through the Bitcoin ideas.

[sampoerna]

Bitcoin started first 10years ago and altcoins followed in a bid to provide alternatives

Yep, I agree with this statement. No chance for altcoins to overtake Bitcoin since altcoins just followed Bitcoin. Look at the adoption, Bitcoin is the first coin to be adopted and bring the biggest influence in crypto space. From this matter, we know that Bitcoin is always as the number one.

[masterrex]

The obvious reason was, Bitcoin as the pioneering cryptocurrency has a large number of investors and Hodlers, and also the BTC price was high enough to catch up compared to other altcoins, But in terms of innovation and technology, I believe that Bitcoin was behind from other altcoins.

[tonymillions84]

The reason bitcoin remains the top cryptocurrency is because it is the provides the foundation on which other cryptocurencies was defined. it is been said that bitcoin can do practically everything the rest are doing. it is not even possible for altcoins to overtake the bitcoin. i think that will not happen. bitcoin has dominated for along time before altcoin came up.

[Absolutep]

If in get you right, you are saying bitcoin has been able to stand the test of time. Yes bitcoin is the mother of all cryptocurrency, no matter the potential of any other coin coming behind it will be difficult to take over bitcoin.

[Octoalts]

It is undeniable that the popularity of Bitcoin is also due to the large number of Altcoins that is developing very rapidly almost all over the world. But why Altcoin can't be like Bitcoin, of course this is because Bitcoin is the first Cryptocurrency to emerge. And everyone who is new to Cryptocurrency must be the first they are looking for is Bitcoin, which is the reason why Bitcoin remains the number one despite the many Altcoins that exist today.

[alltalk]

No altcoins can cover the weakness of Bitcoin and even no altcoins have the same or more than with Bitcoin price. As long as no altcoins with that criteria, then should be no competitors for Bitcoin. The number of altcoins indeed more than Bitcoin but I still cannot see any of them have the same or almost the same values as Bitcoin. I assume Bitcoin will be always leading all crypto coins since the chance for a coin to compete Bitcoin is quite small.

[tervel]

One of the reasons altcoins failed to win over Bitcoin is the winning battle with the adoption rate by Bitcoin in comparison to altcoins. These alternate cryptocurrencies must be promising enough to prove their worth in holding the users.

[Magician]

Bitcoin has two things that other altcoins don't have: history and community. Bitcoin is the first coin of blockchain technolody. It was created by the mystery Satoshi. The unknown Satoshi makes bitcoin even more well known with a lot of false investigation and claimings surrounding Satoshi's identity. Being the first coin, bitcoin has built itself a huge network of believers and followers. Other coins still can do the same thing but not as successfully as bitcoin, of course. Some altcoins can get a bigger community in the future but they can't beat bitcoin in term of history. That makes bitcoin unique and unbeatable.

[vegasus]

First is talking about the trust on the altcoins. We can see how the value of the altcoins is less enough compared to the BTC. BTC as the first crypto has high value. In addition, the price, the trading volume, and also its utility is also less than what BTC achieves. 

[Alter]

Of course, altcoins failed to win over Bitcoin as atlcoins aren't comparable with Bitcoin. Bitcoin is still much better than altcoins from many sides. So, I think for now there is no chance for altcoins.

[UNIVERSE]

Bitcoin is still much better than altcoins from many sides. So, I think for now there is no chance for altcoins.

I agree with you, no altcoins deserve to compete with Bitcoin this time. Bitcoin is leading in all sides, we cannot see the chance of altcoins to win. I think we need time to make altcoins more useable and more popular.

[azmirihaque]

Bitcoin is the first invention in the crypto worlds. The people has first introduced with bitcoin which occupied the belief of the people. Its value and blochchain technology is the best among all. That's why  people unanimously receive bitcoin rather than altcoins.

[debra]

~But despite maximum numbers, these altcoins failed to win over Bitcoin. Now, what are the reasons behind this failure?

I don't know why we must talk about the chance of altcoins to win over Bitcoin. I think we already know that no altcoin has a chance to overtake Bitcoin. Bitcoin is a special coin with the most holders and big supports from various parties. So, surely it can be so strong till now.

[azmirihaque]

Bitcoin has acquired the top position in the crypto market. There are several reasons for this success. Bitcoin is the first invention crypto. People first invested on bitcoin. As the highest amount of investment has already been made on Bitcoin, it has been the safest platform for all. People Its value is higher than any other coin. Its technology is also attracts people to invest. Many countries have permitted bitcoin which is the another cause for making a trust on people. Every exchanges take bitcoin  in the top for trade. For this reason people always invest or make trade bitcoin as a the best and safest coin.