Quote from: Mahanton on Today at 08:25:30 AM

Quote from: $weetne$$ on Today at 07:56:11 AM

Quote from: reagansimms on November 07, 2024, 08:07:41 AM

Bitcoin dominance in the Crypto market is very influential for altcoins and greater control. Bitcoin which is the largest crypto asset by market capitalization can influence other coins to move in the same pattern, when Bitcoin goes up, other Altcoins tend to increase, when Bitcoin goes down, there is a possibility that other coins will go down at the same time. Another reason that makes it impossible for Altcoin to beat Bitcoin is because Bitcoin is the mother of all Cryptocurrencies.

Bitcoin is the first cryptocurrency and will continue to be gaining more trust because of the ways that most altcoins investment turn out, there are many altcoins scamming people and making people to lose money than those making people to make money. I have not been long in the industry but from the few altcoins that I have bought, I noticed I made very little profits from them but when I bought bitcoin. My profit was better than the altcoins. You are likely going to lose buying altcoins because everybody that are buying too have the same mindset, they want to make quick profit and sell their coins therefore, there is nobody trying to hodl the altcoins for long as we have many people buying Bitcoin just to hodl it for very long time.

As long it do serves its purpose then it will really be that unlikely that it could be easily replaced by something. We do know that being first or the original crypto coin that first launched in the market or something that being the origin of cryptocurrency then it will really be that something so hard to believing that it could be easily be overtaken with some altcoins. I do agree on some posters saying above that features might be that outdated but if it do able to do its purpose or function then it will really be that enough but i do also agree into the possibility that everything could really and its really that having those chances or probabilities because there's no way that we can predict on what the market would really be looks like.

The dominance says it all and thats why it will really be that so hard to believe that it could be easily overtaken or be replaced into its spot.
If the investor or overall community seeing something wrong with Bitcoin and have decided to leave it then it could happen but just like on what we do all know
that this is something that really hard to believe for this to happen.