Why other Crypto coins can't ever surpass the price of Bitcoin?

[Altcoin1998$]

Coins that can compete with Bitcoin have not yet hit the market, and coins that were once said to be Bitcoin's competitors are currently in dead positions. Although those coins were in a very hyped position at one time, but they could not survive in the market, they are now almost worthless. Those coins are now disappearing from the market due to reduced trading volume in the market and fewer investors.

[LogitechMouse]

Re: Why other Crypto coins can't ever surpass the price of Bitcoin?

Can't surpass Bitcoin in terms of?

Market cap? Obviously it will never happen. Simple supply and demand tells it all.
Community? Obviously Bitcoin has the largest community as it's the first cryptocurrency to be made. Maybe also add the fact that it's on the top, and it's the most popular one as well.
Technology? There are some projects that has a better technology than Bitcoin is. What Bitcoin has that other project doesn't have is "decentralization".
Price? This isn't a good way of comparing coins.

[DaNNy001]

Take note that altcoins are not competing with BTC, the few of them that people called 'the next BTC' are mostly dead now. BTC has its usefulness in society and that is why there is going to always be demand for it. So many altcoins lack this usefulness and thay are only good for the hype or the immediate profit, and so they follow BTC's movement in price.

That's true because Bitcoin demand in the society is massive and whatever gains that much demand will certainly have more value so if there is any coin that is thinking of dragging the top spot, I believe the journey to the top is still very long and again the reason for Bitcoin being so  greatly loved is because of the fact that it is capable to be used as an investment means which I believe is the most used purpose of Bitcoin in the world today.

[Z-tight]

Coins that can compete with Bitcoin have not yet hit the market, and coins that were once said to be Bitcoin's competitors are currently in dead positions.

This makes me remember when i got into crypto, i used to hear about some altcoins that people called 'the next BTC', funny thing today is that most of those coins are not worth anything now, and now that i understand the network so well, i wonder how people called projects that had no usefulness the next BTC, what were they expecting. If someone develops a coin that is useful and solves a problem, people are surely going to use it, look at Monero for example, it is one of the few coins i use after BTC, but a coin that solves no problem will only last for a short time.

[Aanuoluwatofunmi]

You cannot expect the rate of peoples participation on original product to that of the counterfeit which is fake product, other cryptocurrencies are pirate copy of bitcoin and they cannot come close to where bitcoin is or achieve the kind of success it already emerged, you can check their market value and rate at which they worth compare to where bitcoin is, the margin is incomparable to each other and that is how it will always be.

[Faisal2202]

Or do we wait on time to tell? Or is the system setup that way in honour of Bitcoin to ever lead  as the first introduced digital currency while others follows? Or should it be assumed that there are secrets Satoshi Nakamoto being the builder of Bitcoins has which other Crypto coins developers has not been able to discover yet?

Good question because I also had this question once, but when I got to know the real potential and hype that it (BTC) got due to the internet of people, as the price of BTC is driven by demand and supply, so it means more people were investing in BTC, especially from the time when there was no alts, in simple words, BTC started the hype of all crypto world and is in the market from a quite long time.

Gained so much hype, trust, M.cap, and trading volume, and now after the approval of ETF where billions of dollars are being traded, I can't say it's hopeful to think that alts could surpass BTC in any way (like in terms of m.cap or in terms of price). If we say what if in terms of use case then there are plenty of good projects that serves more usecase then BTC (some BTC enthusiasts might not like this statement but its a fact).

In short, a pattern has been made by the investors, which is different for every level of investors, as level 1 are the ones who lost there funds to the highest level investors.

[joniboini]

Gained so much hype, trust, M.cap, and trading volume, and now after the approval of ETF where billions of dollars are being traded, I can't say it's hopeful to think that alts could surpass BTC in any way (like in terms of m.cap or in terms of price). If we say what if in terms of use case then there are plenty of good projects that serves more usecase then BTC (some BTC enthusiasts might not like this statement but its a fact).

On the other hand, Bitcoin was never made to serve so many different purposes. The idea as far as I can recall is to create a decentralized currency, which you can argue has been achieved by now, with future problems related to scalability and incentive still in discussion. As long as the community achieves consensus on that front, it will be impossible to dethrone Bitcoin as the most valuable crypto in the market even if you can't mint your shiny photos there. I don't think we need to add more use case for BTC to begin with, even if we did, sidechain is probably the way to go forward. CMIIW.

[UNIVERSE]

Coins that can compete with Bitcoin have not yet hit the market, and coins that were once said to be Bitcoin's competitors are currently in dead positions. Although those coins were in a very hyped position at one time, but they could not survive in the market, they are now almost worthless. Those coins are now disappearing from the market due to reduced trading volume in the market and fewer investors.

It will be quite difficult for altcoins to surpass Bitcoin. Even if you look at the market cap, the one closest to the bottom is Ethereum. And this is quite a comparison with Bitcoin. Only about 1/3 of it. So, so far, no one has been able to surpass Bitcoin, especially in terms of trust, market cap and price. So, it's easy for certain projects to claim that, but in fact, they will fail clearly and sooner.

[Z-tight]

So, it's easy for certain projects to claim that, but in fact, they will fail clearly and sooner.

The problem some of these altcoins have is from the beginning when they call themselves 'the next BTC', i believe every coin should be unique and have their own unique roadmap and use case, you don't have to copy what another developer did on their project, if not you have started to fail already and the project will be dead before you know it.

[Freemind]

The problem some of these altcoins have is from the beginning when they call themselves 'the next BTC', i believe every coin should be unique and have their own unique roadmap and use case, you don't have to copy what another developer did on their project, if not you have started to fail already and the project will be dead before you know it.

That's the problem, the projects that say they are the next Bitcoin or that they will go beyond Bitcoin, in addition to the thousands of memecoins that have absolutely no use for the industry or the user, beyond filling the wallets of a few. The problem itself is not that they copy what other projects did in the past, the problem is that there are people who continue to invest in these types of products, which I would never do.

Except for rare exceptions, such as new blockchains developing new functionalities, the market is full of projects without any kind of incentive, to see it we just have to visit the section of new coins/tokens added on Coingecko or Coinmarketcap. Sometimes I hope that this continuous flow of memecoins will stop one day, but within a few seconds I realize that this is just a utopia as it has been the same for the past few years.

[Litzki1990]

Bitcoin has certain features and qualities that have led to large investors adopting Bitcoin as well as large multinational companies currently adopting Bitcoin. The reliability that Bitcoin has and the acceptance that Bitcoin has is not as much as the reliability or acceptance of all other coins in the market. Why would I invest in a coin where I have so many options and so many opportunities if I don't feel safe with my money after investing in that coin. Ever since Bitcoin first hit the market, people have gradually adopted Bitcoin and the number of investors on this investment platform has gradually increased, which is why the popularity and value of this coin has increased so much in the present day.

[Faisal2202]

I don't think we need to add more use case for BTC to begin with, even if we did, sidechain is probably the way to go forward. CMIIW.

You are damn right, because that was the main reason why BTC was made, if it was not BTC then I don't think there would be any alts by now. As, it started a domino effect, like it got soft forked, hard forked and then alts started to come out with or without blockchains. (Token or coins). It all started due to the BTC. And yeah BTC served its purpose, even outperformed all of our expectations.

And now as era is moving toward technology day by day, we are exploring more ways to enhance the use cases of BTC, like some platforms are working on making it possible to do staking of BTC without wrapping, some are planning or working to use Dapps on it, and there are much more on the roadmap, as I said before who knows what will come in the upcoming era.

PS: That CMIIW is new for me, I have to search it hehe, thanks for it.

[bitterguy28]

Why really can't other Cryptocurrencies surpasses the price of Bitcoin right from their existences?

If we only talk about price, price of "42-coin" already surpass Bitcoin on few occasion. Visit https://www.coingecko.com/en/coins/42-coin and click "Max".

Or is the system setup that way in honour of Bitcoin to ever lead  as the first introduced digital currency while others follows?

Bitcoin definitely have first-mover advantage. But IMO so far other cryptocurrency doesn't have enough uniqueness or big solid community in order to surpass Bitcoin price or market cap.

is that even a legit project? damn 160k plus value? never that i have idea about there is something like this in existence .
but  at least OP has his answer here about that specific question , is there any other project that have this action against the value
of bitcoin being surpassed?

[bayu7adi]

Maybe what you mean is that there is no other coin that is as popular as Bitcoin and cannot compete with Bitcoin's market cap.

I think this is natural, because Bitcoin is a pioneer and the first in the world of cryptocurrency. In fact, we can see a big difference in the mention of Bitcoin vs Altcoin... There is only 1 Bitcoin, while Altcoin consists of thousands of coins and tokens that exist today. That means, Bitcoin's strength as the leader of the cryptocurrency world can be a basic reference for everyone.

[SmartGold01]

From my knowledge so far and from my findings I noticed then there were some coin that surpasses bitcoin in price but even as that, bitcoin still remains the most reliable and trustworthy unlike those altcoin. Just know that bitcoin is like a parent coin that gives birth to every other altcoin in the market, so even though any coin surpasses bitcoin it doesn't mean it's more solid and stronger than Bitcoin.