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Topic: Advantages of altcoins ? - page 7. (Read 2635 times)

copper member
Activity: 126
Merit: 10
August 21, 2018, 02:19:47 AM
What advantages do altcoins have that differs it from bitcoin ?

Some altcoins created to overcome bitcoin problems. For example LTC is created with faster confirmation time, and cheaper transaction fee.
ETH is created to improve transaction speed by using erc20 token and smart contract in their network. So, there are features that different from bitcoin in altcoins.
Actually Bitcoin is riskier than a lot of alts which are backed by real business and value creation.
The future of Bitcoin is very uncertain. I still agree that most alts are useless though.
hero member
Activity: 1918
Merit: 564
August 21, 2018, 01:32:30 AM
What advantages do altcoins have that differs it from bitcoin ?

Technically, altcoins offer more utility than bitcoin.  With bitcoin's primary purpose being a digital cash (which was intended for payments), altcoins have more features.

Altcoins can be used as payments, a utility token to avail products and services, and could be a platform for other altcoins & tokens too. It can serve a multitude of service, feature and purpose. It is not solely tied for digital payments and store of value like bitcoin.

And to date, there are altcoins that are faster to confirm and can accommodate more transactions per block than bitcoin can.
jr. member
Activity: 239
Merit: 5
August 21, 2018, 12:58:55 AM
There are lots of benefits from the presence of altcoins in this crypto.
1. Make it easier for people to choose coins to invest at affordable and varied prices
2. As an alternative community in generating income from sources other than bitcoin
3. Provide information about altcoins that are worth investing in
newbie
Activity: 110
Merit: 0
August 21, 2018, 12:37:02 AM
the truth is that between bitcoin and altcoin in the same sense there is no difference, namely as a digital currency (the first digital Bitcoin digital currency appears.
Alternative altcoin coins, for allcoin payments faster and more able to change in transactions, because allcoin, new coins released by bitcoin
newbie
Activity: 103
Merit: 0
August 21, 2018, 12:32:25 AM
What are the advantages of altcoin and bitcoin? I think the difference is that altcoin is very volatile, allowing people to get a lot of money quickly, while bitcoin is less volatile, only suitable for long-term holding, and can't make people get a lot of money.
newbie
Activity: 56
Merit: 0
August 21, 2018, 12:30:10 AM
They are quite a number of advantages some of it which are Payment Freedom It is possible to send and receive bitcoins anywhere in the world at any time also
Less transaction Fees No fee to receive bitcoins. You can choose your transaction fee and many wallets let you control how large a fee to pay when spending.
Risk Free:- Bitcoin transactions are secure, irreversible, and do not contain customers’ sensitive or personal information.
member
Activity: 434
Merit: 18
WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN
August 21, 2018, 12:28:41 AM
The topic is way too broad. There are thousands of altcoins to be compared to bitcoin. Every altcoin provides a specific service or usage. One is different and can be the same as well. It depends on the coin you were referring to. In terms of price, bitcoin will still be the KING while others will just ride along with it. Alt coins provide an alternative way of investment since we all know that you can get more coin on ICO's or presale.
legendary
Activity: 1442
Merit: 1025
August 21, 2018, 12:14:15 AM
Alt coins and tokens have their own structure.
For example one token will focus on exchange services and the other one will focus on other industry.
But bitcoin is the king and controls all prices by himself.
Compared to bitcoin, altcoins are having less advantage in my opinion too. But some people are claiming that they are making huge profits than what they are saving in bitcoins. but no one share how they identify that particular coin. Altcoins are having advantages but not in the same level of what we can enjoy from bitcoins.

At least, so far, even if it is for short or long term profit, it is still an impact. I know over time a lot of things will be changing for the better and that implies more to altcoins with very good and usable product and not just those with empty promises. So far, the altcoin space is purely speculative, or will I say the crypto space in all, and this makes it more like a pump and dump environment, so for now, I would say profit is the only advantage, but as time goes on when we start seeing real life usage, then we can start talking about the other usable advantages.
full member
Activity: 350
Merit: 111
August 20, 2018, 11:17:45 AM
In a investors perspective altcoin is par better than bitcoin when it comes to possible potential for its the reason why many people tried to invest on different altcoins. A chance to increase your profit is also the reason why many people lose their earning since they dont consider the risk of altcoins.
Investments in any financial instrument have both positive and negative sides, altcoin is no exception. Before investing real money in altcoins, it is better to get acquainted with all the advantages and disadvantages.
ask
legendary
Activity: 1386
Merit: 1004
August 20, 2018, 08:42:21 AM
Alt coins and tokens have their own structure.
For example one token will focus on exchange services and the other one will focus on other industry.
But bitcoin is the king and controls all prices by himself.
member
Activity: 308
Merit: 10
August 20, 2018, 05:29:12 AM
new technology, speed of transaction, scalability. But in 99% of projects it is only "dust in the eyes" - just to make money
newbie
Activity: 224
Merit: 0
August 20, 2018, 05:16:42 AM
We call BTC as a mainstream of the cryptocurrency and can be paired with different altcoins. On the otherhand altcoins offers cheaper transaction fees, low cost, precise and attainable advantages.
newbie
Activity: 25
Merit: 0
August 20, 2018, 04:53:45 AM
Because Bitcoin is the first Crypto, it can not be improved. The altcoins have improved the disadvantages of BTC and have more functions.
newbie
Activity: 294
Merit: 0
August 20, 2018, 04:47:39 AM
For me, altcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, also the price is very cheap, many choices, low prices.
newbie
Activity: 34
Merit: 0
August 20, 2018, 04:19:27 AM
Because there are a few altcoins that are fixing bugs. But BTC is always leading. The combination of altcoins can't resist the BTC.
newbie
Activity: 123
Merit: 0
August 20, 2018, 04:10:39 AM
What are the advantages of altcoin and bitcoin? I think it's very simple. Altcoin is risky, but it is very volatile. It is easy for people to make a lot of money. Bitcoin has small fluctuations and low risk, but now people can't make a lot of money from Bitcoin.
newbie
Activity: 24
Merit: 0
August 20, 2018, 04:08:34 AM
The advantages of Altcoin are very clear when compared to Bitcoin, the price is very cheap, many choices, low prices. As Bitcoin exchange rates become increasingly expensive, users are now trying to find other alternatives to invest or use existing crypto currencies. Altcoins have various types. Some altcoins are very potential because they have technology that supports a product to crypt. And various new concepts are very varied. Therefore, those are some advantages of altcoins.
newbie
Activity: 21
Merit: 0
August 20, 2018, 02:36:51 AM
I think every altcoins have its own advantages and disadvantages
newbie
Activity: 125
Merit: 0
August 20, 2018, 02:31:23 AM
The low risk of bitcoin stability is suitable for people to store for a long time, waiting patiently, but the income is small, altcoin I think that the risk relative to Bitcoin is high and volatile, very unstable, only suitable for people to hold in the short term, the income is huge, which is why people will Like to invest in altcoin
full member
Activity: 294
Merit: 100
August 20, 2018, 02:28:15 AM
Simple, the main altcoins advantage is their specification on specific project and service. You can't use btc on those project because they need to prioritize their own alternative coins.

For me, the best advantage of the altcoins is their number. There are a lot of them on the market and you can always make a very good choice. Just learn a lot about the project and pick the best alts.
that's true because to get a big profit in the altcoin it must be smart to choose coins that have very good potential in rising prices. and don't forget to also invest in bitcoin if you want to get a bigger profit but have to wait a long time to get it

yes, when you have a patience you can gain big profit with your investment, its just that you have to have a good knowledge before investing into any or all of the altcoins.
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