Quote from: qwertyup23 on September 23, 2019, 07:16:54 PM

Quote from: Oasisman on September 23, 2019, 08:19:21 AM

Quote from: lonelygrimm on September 23, 2019, 07:44:33 AM

You're right, why bitcoin can't be replaced with new altcoins like ethereum for example. why until now bitcoin is still the king of the crypto world ? is it possible because bitcoin have many users and is more trusted for an advantage in cryptocurrency?

You have answered your question with one of the most common reason why Bitcoin sits atop of all crypto.

Bitcoin is the mother of all crypto currency, and It took several years for it to be recognized and used as a currency for payment. There are already millions of Bitcoin in the circulation before the 2nd crypto currency was created. So, if you come to think of it why people choose to have Bitcoin in their bags rather any other altcoins, it is because Bitcoin has been used for payment long before all the alts in the market today, and thats what you call the mainstream acceptance.

The only way that I see an altcoin replacing bitcoin is when there is a massive prohibition on bitcoin SPECIFICALLY or if another altcoin surfaces and improves all the areas that bitcoin failed to meet. But I seriously doubt that this will happen anytime soon considering the number of users and the price of bitcoin in the market.

The possibility for crypto currency in the future seems limitless. There may be another alt that will beat Bitcoin on the number 1 spot, yet it will take several years before it happen. The number of adoption of Bitcoin in the market is still solid. ETH to be specific comes the closest competitor, yet It was far behind from dethroning Bitcoin yet. I know theres still plenty of room for improvements and fill those specific areas they have failed.
Massive prohibition for Bitcoin might be possible too, but banks, government agencies, and other financial firms are already recognizing the technology.