How Altcoins Failed To Win Over Bitcoin

[Paglamon]

It has been decades now since the Bitcoin became a popular name in the world of cryptocurrency. However, it had a slow start but eventually became a global crypto coin. All Kudos to its developer and founder, Satoshi Nakamoto who planned a whitepaper featuring the benefits that made it welcomed by people for trading. Bitcoin is the foremost crypto coin by which people came to know about cryptocurrency. They had hardly expected any technology that would become an alternative to the traditional currencies that they have been using until now. Not only it achieved worldwide fame, but it also paved the way for other alternate currencies which are known as ‘altcoins’. But despite maximum numbers, these altcoins failed to win over Bitcoin. Now, what are the reasons behind this failure? Let us know from this article.

[Leonardo]

Bitcoin is the first cryptocurrency. The first thing is always honored and remembered than the following. Other coins if want to win over bitcoin, need serious advantages: breakthrough developments and real usages. Bitcoin is kind of old and its community is too reserved from adapting new technology. Also, real usages is something that it's lack of. Even an altcoin with breakthrough developments and real usages, it's gonna take time to surpass bitcoin.

[Noverteno]

I see no reason why altcoins should beat Bitcoin. In addition, to win in what? In terms of functionality, many altcoins have already bypassed bitcoin. If you look at price and capitalization, this is not the main thing and is temporary. Altcoins complement bitcoin and develop cryptocurrency. This path is complex and controversial, however, cryptocurrency is nevertheless rapidly developing and this is the most important thing.

[Jaguar]

Altcoins surpasses bitcoin for what?
To take the highest rank or just for historical purpose?
Let's pretend there was altcoin dominated bitcoin spot then what's next platform. Really I couldn't visualize any altcoins posses bitcoin legitimacy and value. If that will going to happen everything will change from expensive value to affordable, from leader to follower, from valuable to secondary choice. Holders will trade btc thinking for exchange to the number one altcoin. The world will be shock! New adjustment to implement.
So many things affected in case btc defeated.
The impact could be drastic.

[Cryptoz]

The truth is that altcoins will never surprass BTC. BTC is the king of crypto. Although many project claims that their technology is better and much more promising and real than BTC, in fact they cannot prove that they are better. Btc still on the top

[tonymillions84]

bitcoin as the first cryptocurrency was well structured and documented. this alone made it the first and the only  recognized cryptocurrency much more thant the rest. the ethereuma dn ripple were developed to serve different purpose. Any token that has a unique purpose will always made progrss especially with the help of its community.

[hushpupppy]

Truth remains that no matter how altcoins try and try, it cannot win over bitcoin, bitcoin has been designated to be king forever and there is no changing that narratives.

The transaction fees may be high today, but bitcoin will continue to boss it.

[vgk88]

I think it will depend on the success of Ethereum. If Ethereum grows, then the remaining altcoins will also grow.

[I-Bit]

Indeed altcoins won't overtake Bitcoin since Bitcoin is like the main coin in crypto space. It is like the mother coin of altcoins, so there is no altcoins to have a chance to beat Bitcoin. I doubt if there will be altcoins to overtake Bitcoin in the future as we can see no altcoins to compete Bitcoin till now.

[Pegasus]

There is only one bitcoin but thousands of altcoins. Bitcoin is king. If someone wants to be the king, he needs to out stands other people first. There's a fact that the differences between various altcoins are small. That said, no altcoin can really beat the others. How can they beat bitcoin?

[Alcor]

We do not need any competition between bitcoin and altcoins. Let cryptocurrency develop and complement each other. Bitcoin also needs to improve, otherwise it will lose its current position. There will be nothing stable in the world of cryptocurrency. All kings have always given way to a new and more perfect one.

[tervel]

Cryptocurrency aficionados compare bitcoin and the altcoins in terms of bitcoin dominance. This refers to bitcoin’s market size compared with the rest of the altcoins put together.

[Mike)]

A lot of alts has better technology than bitcoin. This ride only had started, so, it's too early to say that altcoins lost it.

[trauchot]

Bitcoin has long been in first place in the cryptocurrency sphere and for a long time it will be in first place because of its technology, capabilities and popularity, and I don’t think that something needs to be changed.

[shadowdio]

Simple.. bitcoin is more popular than any other cryptos and you know bitcoin is the first cryptocurrency created by mysterious person who's name Satoshi Nakamoto. Even altcoins has many features and better than bitcoin but still failed to beat bitcoin.