How Altcoins Failed To Win Over Bitcoin

[Lanirex]

Bitcoin is the king of Cryptocurrency, where altcoin might be able to compete and win against Bitcoin. The Crypto community are certainly aware of which coins are worthy of ownership. And this greatly affects the value of Bitcoin and the large number of Altcoin, the Crypto Community certainly prefer BITCOIN.  This is the reason why of the many altcoins that exist today, none is able to win Bitcoin.

[Fenix]

Now we should not pay too much attention to the issue of competition between bitcoin and altcoins. In fact, cryptocurrency is still taking its first steps and therefore it is too early for us to draw any conclusions. Bitcoin and altcoins have a lot of their unsolved problems and they should better join together to solve them.

[Senin]

It is too early to talk about the result of competition between bitcoin and altcoins. Bitcoin appeared in 2009, and ethereum only in 2015. Altcoins actually exist only for five years and many have already managed to overtake bitcoin in functionality. If here we mean a comparison in price, then there is no need to rush with this conclusion. Bitcoin is popular due to the fact that people expect its further price growth. What will happen to his popularity if he stops growing in price? After all, it will happen anyway. Let's see what will happen in five years, a maximum of ten.

[tervel]

There are a number of reasons to believe that Bitcoin will remain king of the cryptocurrency market, whether based on technical innovations or simple network effects. And the altcoin market as a whole has performed rather horribly against Bitcoin over the past couple of years.

[Tnoy30]

Bitcoin is the greatest invention in the world of cryptocurrency. The person who invented it is really a legend. If big CEOs thought like him, then everything would change. Bitcoin did not become popular overnight, it took a long time for Bitcoin to gain popularity. There was a time when a pizza with 3 bitcoins was available. Owners of pizza shops used to accept bitcoin. In this way many companies started accepting bitcoin. The volume of transactions continues to increase. When investors saw that its popularity was increasing day by day, they started investing. Thus many investors were added. And everyone knows the current situation.

[Pegasus]

It is too early to talk about the result of competition between bitcoin and altcoins. Bitcoin appeared in 2009, and ethereum only in 2015. Altcoins actually exist only for five years and many have already managed to overtake bitcoin in functionality. If here we mean a comparison in price, then there is no need to rush with this conclusion. Bitcoin is popular due to the fact that people expect its further price growth. What will happen to his popularity if he stops growing in price? After all, it will happen anyway. Let's see what will happen in five years, a maximum of ten.

Bitcoin is the king of all coins. I think it's an undeniable fact. I don't find any reason why bitcoin stops growing in price. I dare say if one day bitcoin dies then the whole cryptocurrency market collapses. Rather than being based on people's expectations, bitcoin is the symbol of all cryptos. Its history and spiritual value makes it on top of all coins.

[Delgboke]

In my opinion to this bitcoin has made its name in the cryptocurrencies industry as the first digital currency that came first in the crypto market that has gain interests of its adopters who came to know about it in the early stage,so therefore any other altcoins coming to the industry has to follow suites and grow instead of competing to out grow bitcoin in price value.

[bigcash2011]

Altcoins are highly unpredictable some come up with huge exponential bull runs that no one was even expecting and some keep going down for years or stay at support levels for months so it is a mix plate you never know what you will get in the end.

[tinakoya]

Bitcoin did not become a King overnight, it took time and strategies, mining is one of it together with some manipulations by traders off course. I don't think altcoins should be competing with bitcoin as they have different purposes. I believe some altcoin will give bitcoin a run for their money in some years to come. Crypto space is a huge space and many years ahead to see some unveiling of successful altcoins.

[sunny1356]

Has anyone ever wondered why they called altcoins. They are just alternative coins, why Bitcoin is the boss here. Inasmuch as BTC is still alive, it will continue to be the king over all. Many altcoin might kee trying, which i love so much, but they cannot surpass BTC.

[Lorix]

Yes, bitcoin took a long time to become popular in cryptocurrency. Its use began on a small scale but eventually became a global cryptocurrency. Most countries have bitcoin transactions. People are using bitcoin wallet to keep their money safe. Fees are low for transactions. It is being transacted very soon. At the moment a lot of money is going to be transacted with privacy. So traders are supporting bitcoin as a bargaining chip. As a result, its popularity is constantly increasing. Lots altcoin is winning over bitcoin. But behind all the success of cryptocurrency is bitcoin.

[JacobMichael]

Bitcoin rallies, but the real winners will, soon, be Altcoins that deliver 10 times returns of Bitcoin. Especially the coins that lost the most value during the 2018 market slump like Docademia, Apollo, XTZ, ... This is where the real currency is formed.

[Senin]

Altcoins do not aim to surpass Bitcoin. They try to improve their functional characteristics, but compete with each other. With bitcoin, it no longer makes sense to compete with its high transaction costs and scalability of seven transactions per second. He is no longer a competitor for them.
Bitcoin is based on people's belief that it will continue to rise in value. If not for this circumstance, he would have lost his leadership long ago.

[saprakib]

How could we think like that altcoin go over bitcoin. Its never become possible that the price can go ver that. Altcoin always follow the trend of bitcoib. We all know that bitcoin is the top coin on the market and it has a great value its not possible that other coin to beat it. Its never possible. Altcoin always have the tredn to follow the bitcoin and the price is alwasy go through. So i think it will never happen like that and question is not on the mark for it.

[gurunanakji777]

We all know Bitcoin is the first crypto coin so it is the most popular and it has very limited supply even Bitcoin proves itself several times that it has potential many big businesses said it is a bubble but it is still growing, on the other hand, there are thousands of Altcoins and out of them hardly 100 altcoins are worth to see but we can say Ethereum and BNB is a good contender of bitcoin but they both are very far from Btc value. Generally, we all know cryptos just because of Bitcoin whenever you speak to a common man they always said bitcoin they don't name the altcoins but people know crypto by the name of Bitcoin it's a fact, and one can not deny this so trust for BTC is much much higher. Some of the Altcoins are good to invest as much as Btc but altcoins are also booming parallelly to bitcoin but people remember cryptos by the name of BTC.