I have being giving this question a thought for days now, if other altcoins can be a threat to bitcoin especially ethereum which some folks are saying is a threat to bitcoin, and I came to understand that, the reason why other altcoins can never be a threat to bitcoin is that, bitcoin being the first and largest cryptocurrency has survived external attacks and attempted ban from government, which no altcoin has face such attack, because bitcoin has already paved way for them.
bitcoin has also overcome many social and political trials, which those trials almost led to the shut down of bitcoin, yet bitcoin gain more attention and adoption, which no altcoin has gained such attention and adoption, not even ethereum which some folks out there are saying is a threat to bitcoin.
Bitcoin has already dominated the crypto space, because it has always remained active and accessible without interruption, and to my own best of knowledge I don't think if companies like Facebook, Microsoft and Google have achieved this level of reliability which bitcoin has achieved so far, talk more of altcoins.
And I we also like to see more contributions from members of this forum, let prove to some folks out there that altcoins can never be a threat to bitcoin, because alot of folks out there are saying that ethereum will be the end and the down fall of bitcoin, which I doubt.
bitcoin has also overcome many social and political trials, which those trials almost led to the shut down of bitcoin, yet bitcoin gain more attention and adoption, which no altcoin has gained such attention and adoption, not even ethereum which some folks out there are saying is a threat to bitcoin.
Bitcoin has already dominated the crypto space, because it has always remained active and accessible without interruption, and to my own best of knowledge I don't think if companies like Facebook, Microsoft and Google have achieved this level of reliability which bitcoin has achieved so far, talk more of altcoins.
And I we also like to see more contributions from members of this forum, let prove to some folks out there that altcoins can never be a threat to bitcoin, because alot of folks out there are saying that ethereum will be the end and the down fall of bitcoin, which I doubt.
Who's saying altcoins are a threat to Bitcoin? Newbies? They need to do their own research before spreading FUD. There's no way altcoins will become a threat to Bitcoin. First off, most altcoins are centralized. And second, they're not as big as BTC in terms of liquidity, trading volume, and merchant acceptance. Bitcoin is the one cryptocurrency that started this craze, so don't count on altcoins replacing it anytime soon.
Without Bitcoin, none of the altcoins we know and love today would exist. Even some of them are direct copies (clones) of Bitcoin. Ethereum tried to make something new and "better" than Bitcoin, but it ultimately failed as it sacrificed decentralization in favor of cost-efficiency and high-performance (through the switch to PoS). There's a reason why altcoins are named "altcoins" (as in alternative coins). Bitcoin will remain "King" forever. So deal with it. I'll see you on "Mars".
