It will be very difficult for new altcoins to surpass Bitcoin. Think about it, Bitcoin is already an established and strong digital coin but it still receives a lot of criticisms. What more if the project is new?
It will be very difficult for new altcoins to surpass Bitcoin. Think about it, Bitcoin is already an established and strong digital coin but it still receives a lot of criticisms. What more if the project is new?
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I think people trust Bitcoin more even though it has limited uses. Many would still want to risk in Bitcoin
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I think it is because Bitcoin has undeniably higher value and popularity compared with other coins. But keep in mind that we still cannot predict the future. It is still possible that an altcoin would rise and beat Bitcoin for some unexpected reason.
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Bitcoin has already established itself. It is so far the most stable among the cryptocurrencies and it will really be difficult for any altcoin to replace it. Bitcoin also caters to a huge market and that adds to the factors.
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No one knows on what bitcoin isn't still being replaced yet in spite on being outclassed by most updated or good featured altcoins in the market currently.
But we can already presume that Bitcoin is king of crypto that's why its being mainly supported by the masses in spite of its scability issues.
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
It is not going to be easy for any Altcoins to pass Bitcoin, because it's widely used in buying and selling.
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The basic and most important thing we.have to note here is: when these equipment's where built these companies research into how to improve on the technology which is a different case here. Bitcoin was built on a testing ground and Altcoins are built to match with the government policies, then don't expect these Altcoins to take or measure up with Bitcoin. Most if these Altcoins are built for surveillance which we all know them while others where built basically to scam gullible investors. Bitcoin is the true digital currency.
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I think bitcoin has been one of the biggest innovations of the human in the past years. Many altcoins have been created after bitcoin. But none of them have been successful as bitcoin is. Why is that?
Why no altcoin can replace bticoin?
Every new thing and every technology is usually replaced by a newer one as the world is always developing.
The first television built was mechanical, then electronic television were invented, then colour televisions, digital, 3D, ....
The first automobiles invented were steam-powered wheeled vehicles, then electric automobiles appeared. Now we have autonomous cars. Now we have Tesla model S. Now we have Lamborghini.
All of us know about the developments made in mobile phones.
Every thing is being developed. Every device is finally replaced by a newer one. Why no altcoin has replaced bitcoin till now? Do you think it will happen in future?
I personally think people will trust what Satoshi has created more than altcoins till many years later.
Altcoins are created to make the developers rich. But bitcoin is different. Bitcoin was created in favor of us. So, no altcoin can be trusted as bitcoin.
What do you think?
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