Who can replace Bitcoin? The truth about the failure of the challenge of tens of thousands of altcoins | Bitcoin Q&A Series Episode 4 | Crypto Planet

In-depth analysis of why tens of thousands of "alliance coins" cannot shake the kingly status of Bitcoin. From Ethereum’s centralized controversy to the altcoin’s fatal weaknesses, we use data and facts to tell you the truth. ⏰ Timestamp: 00:00 Opening: Can altcoins replace Bitcoin? 00:42 The three major dilemmas faced by altcoins 02:34 The truth about the 2016 Ethereum hard fork manipulation incident 07:29 Why imitators cannot succeed 10:41 Technical gimmick vs Real currency demand 12:12 Real challenges of government regulation 13:38 Investment psychological analysis: How can FOMO emotions make you lose all your money? 15:02 Summary: The irreplaceable underlying logic of Bitcoin📊 Key data: More than 23,000 cryptocurrencies in the market Bitcoin accounts for 52% of the total market value. 97% of the altcoins have long-term holdings and finally returned to zero. Bitcoin has been stable for 15 years and has never stopped. Key points of this issue: ✅ First-mover advantage cannot be copied: Bitcoin network effect = Alipay + WeChat payment sum ✅ The fatal weakness of centralized structure: Satoshi Nakamoto disappears vs. CEO domination of altcoins✅ The essence of currency vs. Technical show of skills: Function show of skills ≠ value store ✅ The importance of censorship resistance✅ The dangerous trap of speculative psychology🔗 Related videos: Bitcoin Q&A ① | Does Bitcoin launder money? Was it invented by criminals? https://youtu.be/Iwhz3JhdJy4?si=fUYlLlaJ29pxwW48 Bitcoin Q&A② | How to kill Bitcoin? Full analysis of 7 attack methods https://youtu.be/Iwhz3JhdJy4?si=yrXqQ_dWKPwGdbqM Bitcoin Q&A 3 | The immutability of Bitcoin https://youtu.be/nomfeQ8cAmQ 🍉 Join our Discord community: The Gua Eatering Mass Autonomous Society communicates and learns with more blockchain enthusiasts! 💡 Want to know more? Subscribe to the Crypto Planet channel and update the latest in-depth cryptocurrency analysis every week! 📱 Follow us: [Your social media link] ⚠️ Disclaimer: This video is for educational purposes only and does not constitute investment advice. Investment is risky, please make careful decisions. #Bitcoin#Cryptocurrency#Altcoin