It's not just about trust and belief, but Bitcoin also has a large community that supports Bitcoin.
Almost everyone who is in crypto will get to know Bitcoin first and Bitcoin Prime Portfolio for the long term.
And about how altcoin fraud occurs it is only a tool, not completely altcoins committing fraud.
Even Bitcoin is also used as a fraud tool, but of course it is not Bitcoin that is the core of the scam.
Bitcoin is still at the top because Bitcoin is the first and all depend on Bitcoin.
Altcoins may only match ETH which has always followed the trend of Bitcoin until now.
And for altcoins that keep popping up or even memecoins that pop up every second, it's indeed made just to cheat and for speculation alone, nothing lasts long.
Again, are you sure this is going to be true
forever and ever? All everybody is saying here is akin to saying, "Internet Explorer is the most popular web browser and everybody knows about it, and it's everybody's first browers, bla bla bla".
Yes, Bitcoin is the most popular digital currency
right now. But it has major technical limitations in performance and cost that leave it wide open to competitors for the long term.
Long term, the lower cost option always wins out. It might take a while, but that's what happens.
If you want to invest in something for the next three months, then sure, invest in Bitcoin. But the only "1000x" opportunities out there will be from digital currencies that
change the paradigm to something that will truly scale to handle the entire world's daily transactions, and do so far cheaper than any other existing means.
I agree with you that nothing lasts forever, there will come a time when a better currency than bitcoin will come along and can compete with bitcoin. But I don't think that will happen anytime soon and if bitcoin does have competitors it certainly won't be the current altcoins.
Nothing is absolutely perfect, including bitcoin. Like gold, it also has the disadvantage of being bulky and making it difficult to store and transport. But why is it still considered the best asset and no one can replace it?
Likewise, Bitcoin also has its disadvantages and limitations when compared to altcoins. But this will depend on the purpose of use, if you need payment method or alternative currency then altcoin is better choice than bitcoin because they have low transaction fees or faster than bitcoin as you said. But if you need an asset, a store of value, an inflation hedge similar to gold but superior, then no altcoin can fill this role except bitcoin.
Even if more altcoins are created with new and better technology, but if they are not decentralized and do not guarantee the security of the blockchain, they will never be able to surpass bitcoin, let alone replace it.
So far, Bitcoin is still considered an old, slow and high fee coin...but why doesn't it need to improve but there is still no altcoin that outperforms it?