Topic: Bitcoin, altcoin, litcoin, dogecoin - page 4. (Read 8946 times)

I joined in the bitcoin world last November, and so it is like 10 months.

Unless you are planning to invest in an altcoin, there is absolutely no need for you to know what those altcoins are lol.

How long are you studying this things? How long am I going to need to understand all this?

But its still good to know that we have option and bitcoin has other clients to impress.

Is there a like button here?

The only thing important for me is that bitcoin is ok and kicking. I dont even care about altcoins

This is a good question indeed.

What have litecoin brought us? It was created for GPU-resistent and now we have scrypt ASIC already.
What have dogecoin brought us? It just tells us how important the coin community is towards the coin popularity.

What about the other hundreds of altcoin?

Bitcoin=gold
Litecoin=silver
dogecoin=bronze

I know that is a horribly simple example but it holds pretty true as far as comparing. (yes it does leave out a lot but simplest way to explain)

Usually, but not necessarily.

The BTC/LTC and Doge/LTC rates move freely due to demand and supply.
For example, BTC/LTC drops from ~0.03 to ~0.01 for the past months. https://bitcoinwisdom.com/markets/btce/ltcbtc

how  about price trends ? do they moving to the same price trend?

i mean if BTC/USD price go down, how about DOGE or Litecoin or any other altcoin? do they also go down?

So all of these altcoins then are called, cryptocoin right? Or am i wrong?

But theres a lot of altcoin out there. For you? What is the best there is? Litecoin? Doge? Stellar? Seed?

Check out www.coinwarz.com nice list of altcoins and alot of starting mining tools bitcoin is even included

litecoin and dogecoin is an altcoin altcoin is pretty much anything but bitcoin because bitcoin is the first.

For newbies all is important is really to know that you can trust altcoin. Most of them are pump and dump attempts. Bitcoin is well known and trading it is secured. There wont be radical differences in value either. Others altcoin can't provide that.

Dogecoin has permanant inflation built-in. Not good for investment like most of altcoins.

The first altcoin is Namecoin

A hugely speculative statement. Altcoins do have some purpose even as a reserve crypto.

Bitcoin is the first and most traded cryptocurrency and probably the only one with a bright future.

Its totally different

"Litecoin offers three key differences from Bitcoin, which its developers hope will make it better than Bitcoin.[6][7]

The Litecoin network aims to process a block every 2.5 minutes, rather than Bitcoin's 10 minutes, which its developers claim allows for faster transaction confirmation.[2][15] The drawbacks of faster block times are increased blockchain size, and an increase in the number of orphaned blocks. Advantages include greater resistance to a double spending attack over the same period as Bitcoin, if both networks had the same computing power.
Litecoin uses scrypt in its proof-of-work algorithm: a sequential memory-hard function requiring asymptotically more memory than an algorithm which is not memory-hard.[16]
The Litecoin network will produce 84 million litecoins, or four times as many currency units as will be issued by the Bitcoin network.
The original intended purpose of using scrypt was to allow miners to mine both Bitcoin and Litecoin at the same time.[12] The choice to use scrypt was also partially to avoid giving advantage to video card (GPU), FPGA and ASIC miners over CPU miners. Mining litecoin with a CPU or video card is approximately 1000 times slower than mining bitcoin with the same CPU or video card.

Due to Litecoin's use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.[17]"

From Wikipedia the most legitimate of sources...

They all vary in price and value, but for more info visit http://coinmarketcap.com/ to update yourself.