Topic: Advantages of altcoins ? - page 11. (Read 2642 times)
Bitcoin most people will acknowledge is Crypto 1.0 it is simply for storing and transferring value and has very little additional functionality. After that we have altcoins ie anything that isnt Bitcoin the next one to push the boundaries was Ethereum that featured Smart contracts and added greater levels of functionality to Crypto and was dubbed Crypto 2.0. Now we are looking at faster ways to verify transactions and increase throughput as we move towards Crypto 3.0
What advantages do altcoins have that differs it from bitcoin ?
Maybe the advantages of altcoins is, it is more reachable by small holder. You can buy altcoins in bigger fractions than bitcoin.
And if you compare the blocktime of bitcoin and altcoins, the altcoin block time is faster than bitcoin.
The transaction speed of altcoins mostly faster than bitcoin too.
There are a lot of focal points and detriments. all things considered, initially altcoins have group of designers expounding better approaches to speed exchanges with bring down charges, simply look at BTC and ETH, ethereum is far quicker and you don't need to pay excessively to exchange cash
What advantages do altcoins have that differs it from bitcoin ?
Actually most of the altcoins are in very startup and also they have very less price and due to very less price there is big chance that price of Thier can be easily up with small amount of the investors and that will result into big profit for the early holders .And also here we can see that if there will be lots of altcoins then people can invest in them and that Results into big demand of bitcoin , and that will make the availablity of the bitcoin less in the world of cryptourrency market and that will leads into increase in the pricie of bitcoin , so why not we should remain positive to have the lots of numbers of the altcoins in the cryptocurrency market .
But still here we need to remain negative about to have altcoins , because in these days lots of altcoins are entering in the cryptocurrency market and few of them are just came to scam the people and investors through ICO project procedure .
Different altcoins have different more advanced features that bitcoin does not have. As for the price, buying them is much cheaper and if the coin is promising, it gives the opportunity to multiply your investment several times in a short period of time. Investing in bitcoin takes a long time to get a profit.
What advantages do altcoins have that differs it from bitcoin ?
Altcoins are mostly undervalued. Meaning, they have a low or small market cap which entails that there is a huge space for growth in terms of value. So if we are able to get hold of many of these alts, as time pass and demand for them increases, value also increases. Which means, we have most likely made a good investment.
What advantages do altcoins have that differs it from bitcoin ?
Some altcoins sometimes offer faster and cheaper transaction fees than bitcoin, with the wide varieties of alts you can put your investment to different one's to maximize profit. I prefer eth as a payment method since it's faster than btc confirmation.
innovative alts have a couple of features like savvy contracts, shadring, pos mining, trade speed is to a great degree lovely, up to 15k tps. We are still in time when organize wander beats each orther to get their unmistakable quality and incentive for the all inclusive community.
investing altcoin moreover with ico coin like doing gambling. where we can get a bigger profit from ico coins because the percentage increase is infinite compared to the existing altcoin. but we also get a big risk if the coin can not survive in the market and lose its value then we will also lose our money.
This is too much of a broad question to give a specific answer. Different altcoins serve different purposes, you should learn about as many of them as you can in order to understand the topic
alt-coins are the branch in crypto currency that represents a product,alt has to be on specification, which represents different product in cryptocurrency ,some alt have base increment than ether and bitcoin.
This depends on the product that they offer.It can be fast and cheap transactions, high bandwidth...many altcoins are more perfect than bitcoin-but they never catch up.
The main advantage of altcoins it has cheaper price, so that's many people are choose it because mostly of user of crypto have only enough money to buy crypto, so they choose altcoin which is affordable but profitable. Also altcoin are getting more popular because some of them srtikes its value like in ETH, and there's a lot Altcoin have potential so that people are getting interested to it day by day. Aside from Bitcoin, some of Altcoin can be trusted to invest.
Well, to me the only benefit I see is that they can offer a higher percentage of increase when Bitcoin moons. For instance, Bitcoin may give you a 2% green in 24 hours but a good alt can give you about 10+ % in that same 24 hours, but it comes along with a risk that's why we always advice Bitcoin to be a first choice and then you perform your search well before selecting an altcoin.
This depends on the product that they offer.It can be fast and cheap transactions, high bandwidth...many altcoins are more perfect than bitcoin-but they never catch up.
Advantage of altcoin is smaller capitalization and easier to hit x2-x100 and even jackpots, the smaller is capitalization the easier to increase it. But there is more risk to lose money too.
Altcoins was created to fullfill the need of investment in cryptoworld for some of people who still don't have enough capital to investing in bitcoin. All of the altcoins are have the different projects. It depends on the company and investors who believed on them.
The advantages of altcoyins are that a promising idea can get caught with a young and talented team that can bring huge profits.
In my opinion, Each altcoins has its advantages and disadvantages.In one altcoin, the high speed of transactions in another privacy.Each crypto currency has its own positive features. each altcoin has a distinct advantage, because it focuses more on developing a functional technology that may be the solution of a problem that owned bitcoin.
Altcoins are much cheaper than bitcoin for now and the most of them haven't still gained 100% of their potential price. That's why investments into promised coins may be such immensely profitable.
What advantages do altcoins have that differs it from bitcoin ?
Transaction speed is higher due to the use of the algorithm improvements, more functionality, cheaper premium, but the current altcoin influenced too large by bitcoin
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