Bitcoin and Bitcoin Alternatives - page 4.

Luminous-Nova

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Quote from: sham100899 on April 30, 2018, 03:46:59 AM

As we all know that bitcoin is the king of the crypto universe because it is the first and original cypto currency, and it is undeniably responsible for the invention of blockchain technology, because of the discovery of blockchain technology which is the main reason of the growth of the alternative coins, altcoins are generally defined as “bitcoin alternative."

I think new Coins can be More powerful and useful Maybe it belongs to bitcoin,in that way: it can represent newer technology and safety and options for people, and it can be more usefule and prescious for cryptocurrency's world!

fiulpro

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Bitcoin definetely is the first and foremost cryptocurrency and the foundational basis of blockchain technology. And since then, many more new cryptocurrencies have emerged out. Now calling them alternative to bitcoin might not be fare. Yes bitcoin was the first one, but whatever came afterwards cannot simply be termed as alternative. An alternative is normally a cheaper or same valued equivalent of a thing. While this is not the case here.

Newer cryptocurrencies didnt just mimic bitcoin. They came with quite a few modifications. With new features, be it security, or transaction time. Cryptocurency market have evolved allot since the advent of bitcoin and with newer and better modifications, the so called alternate currencies are gaining a good market share.

zander09

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Quote from: sham100899 on April 30, 2018, 03:46:59 AM

As we all know that bitcoin is the king of the crypto universe because it is the first and original cypto currency, and it is undeniably responsible for the invention of blockchain technology, because of the discovery of blockchain technology which is the main reason of the growth of the alternative coins, altcoins are generally defined as “bitcoin alternative."

Honestly I don't understand your point, what is the point of this topic?
Yes bitcoin is the first digital currency and the king of crypto, the popularity of bitcoin was so huge. Other crypto coins are called altcoins or alternative coin. Not all altcoins are depend on bitcoin there's a coin are not, like ethereum, ETH is the second of bitcoin that had good performance in the market and the world of crypto.

caaprouk

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Being the first crypto currency bitcoin establish its price and position in the market, and all other alts that alternative of bitcoin follow this trend of market.
But bitcoin technology is already outdated. Need other, more new coins. And there are coins. Ripple or NEM can replace bitcoin in the future.

First77

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In the investment world, 10 times profit in 12 years is OK.

Bitcoin has gone up 10 times is 2 years and now it needs $9,000 to buy one Bitcoin. It's the dead end for Bitcoin and only traders cartel are saving their gambling business because now there are 80% less searches for Bitcoin in google/search engines.

Virtual miner

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That is a very obvious thing. Bitcoin was first to be invented in the crypto market and it rocked the market like anything. Bitcoin has been the ruling power since the very beginning. So naturally people will follow it or rather copy it, I'd say!

Quote from: ellabanana on April 30, 2018, 09:33:20 AM

Yes indeed. If Bitcoin rises, same goes with altcoins, and if it drops, all other coins will do the same. Bitcoin is inversely proportional with altcoins. So, if you're planning in investing, you should invest to both.

This is because alt coins value depends on the bitcoin. It is an index currency for this market.

All the altcoins that are created have just been remained as its alternatives and none of them can really stand up to its value and match up its level. But this is what everyone knows and I don't see the purpose of you starting such a thread.

Juggy777

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Quote from: sham100899 on April 30, 2018, 03:46:59 AM

As we all know that bitcoin is the king of the crypto universe because it is the first and original cypto currency, and it is undeniably responsible for the invention of blockchain technology, because of the discovery of blockchain technology which is the main reason of the growth of the alternative coins, altcoins are generally defined as “bitcoin alternative."

Bitcoins is the number one disputed king and always will be you should stick to it. Alts are a product that sold with bitcoins name but it is nothing like bitcoin, it is completely manipulated and people should avoid it. The reason is people think they're getting cheap bitcoins but they're not. Look there's a case coming up against rogers for misseling Bch.

Dudeperfect

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See each and every coin has its own philosophy at its core. The core principle of Bitcoin is all about providing a better fund transfer platform as compared to that of the traditional way of doing it. Similarly, Ethereum has come up with the solution of a trust issue with the concept of smart contracts. Every other coin has its own set of solutions and it depends on the growth and response from the society that will determine the dominating alt-coin in the market. However, I am bullish on Bitcoin and then Ethereum considering the challenges in which these coins are dealing.

ellabanana

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Yes indeed. If Bitcoin rises, same goes with altcoins, and if it drops, all other coins will do the same. Bitcoin is inversely proportional with altcoins. So, if you're planning in investing, you should invest to both.

aleksej.rozhkov

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Alternative coins by bitcoin there is a huge amount, and therefore it is the choice of each in which coin to invest, just bitcoin is more popular and common

Nowherman

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Bitcoin is the "grandfather" of all crypto-currencies or altcoins. Itэs so called, because it is created on the Blockchain 1.0 platform.
The next generation was Ethereum, which is the representative of the Blockchain 2.0, because contains smart contracts.
Currently, many crypto projects are developing Blockchain 3.0, which covers more aspects of the mankind's social life.

Xester

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Quote from: 1020kingz on April 30, 2018, 03:54:58 AM

Quote from: sham100899 on April 30, 2018, 03:46:59 AM

As we all know that bitcoin is the king of the crypto universe because it is the first and original cypto currency, and it is undeniably responsible for the invention of blockchain technology, because of the discovery of blockchain technology which is the main reason of the growth of the alternative coins, altcoins are generally defined as “bitcoin alternative."

Bitcoin is more suitable for the title “The origin of crypto” rather than “King” of crypto because not all alts are going to bow down to bitcoin. Ethereum is one of the example and the centralized coins in the market. Although all alts are the alternative of bitcoin but it doesnt mean that all alts are going to be attached on bitcoin. Anyway i dont understand what is your point on this topic.

Bitcoin is really the king of cryptocurrency world and even Ethereum bows down to bitcoin. If you noticed that during the price crash of bitcoin the ethereum market also crash down. This is not only happening to Ethereum but to all alternative coins in the crypto market. This is inevitable and the truth about bitcoin. Though in the future we will not know if there will be cryptocurrency that will overcome bitcoin.

ralle14

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Quote from: Red-Apple on April 30, 2018, 05:36:37 AM

Quote from: sham100899 on April 30, 2018, 03:46:59 AM

altcoins are generally defined as “bitcoin alternative."

they are referred to as "alternatives" because they are created so that you can earn more bitcoin when you trade them.

Not all altcoins are only made for earning Bitcoin some of them are useful. For me they're called alternatives because they have similar things with Bitcoin like the confimations, mining, address, fees and many more.

Quote from: Red-Apple on April 30, 2018, 05:36:37 AM

there is not much of an altcoin growth going on. their prices may go up and down and be misleading but they are not growing the price is just speculation it is usage that matters and they have none.

People still use altcoins from time to time it's not all about speculation.The most used altcoin right now imo is Ethereum because of the erc20 tokens that's why it's up there next to Bitcoin.

ETHtotheMOON1

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Quote from: sham100899 on April 30, 2018, 03:46:59 AM

As we all know that bitcoin is the king of the crypto universe because it is the first and original cypto currency, and it is undeniably responsible for the invention of blockchain technology, because of the discovery of blockchain technology which is the main reason of the growth of the alternative coins, altcoins are generally defined as “bitcoin alternative."

well yes, but it doesn't mean that the projects that will be built on blockchain and will have their own currency can't exceed bitcoin in very near future. Let's see what happens when coins like ethereum grow even more

Red-Apple

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Quote from: sham100899 on April 30, 2018, 03:46:59 AM

As we all know that bitcoin is the king of the crypto universe because it is the first and original cypto currency,

for the millionth time bitcoin is not big because it was first. bitcoin is big because it is useful. it IS a decentralized currency meaning it is what its supposed to be but the rest are NOT what they promise to be so they never become big.

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because of the discovery of blockchain technology which is the main reason of the growth of the alternative coins,

there is not much of an altcoin growth going on. their prices may go up and down and be misleading but they are not growing the price is just speculation it is usage that matters and they have none.

Quote

altcoins are generally defined as “bitcoin alternative."

they are referred to as "alternatives" because they are created so that you can earn more bitcoin when you trade them.

Andrei Belmega

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Quote from: sham100899 on April 30, 2018, 03:46:59 AM

As we all know that bitcoin is the king of the crypto universe because it is the first and original cypto currency, and it is undeniably responsible for the invention of blockchain technology, because of the discovery of blockchain technology which is the main reason of the growth of the alternative coins, altcoins are generally defined as “bitcoin alternative."

Hello! I think the topic is slightly misunderstood. Indeed, Bitcoin is the first virtual currency but has its own blockchain. Subsequent Altcoins have different utilities, each with its own blockchain. It's like we say ... ok, the first car in the series is Ford. The other ones that appear after are a cheap copy and would not be worth considering. Totally wrong! In my opinion, any trader or investor can profit from any type of cryptocurrency not only using Bitcoin.

Svafnir74

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Quote from: sham100899 on April 30, 2018, 03:46:59 AM

As we all know that bitcoin is the king of the crypto universe because it is the first and original cypto currency, and it is undeniably responsible for the invention of blockchain technology, because of the discovery of blockchain technology which is the main reason of the growth of the alternative coins, altcoins are generally defined as “bitcoin alternative."

I agree, now bitcoin is really the first cryptocurrency. So, there is a historical. But bitcoin technology is already outdated. Need other, more new coins. And there are coins. Ripple or NEM can replace bitcoin in the future.

dsaijz03

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Quote from: sham100899 on April 30, 2018, 03:46:59 AM

As we all know that bitcoin is the king of the crypto universe because it is the first and original cypto currency, and it is undeniably responsible for the invention of blockchain technology, because of the discovery of blockchain technology which is the main reason of the growth of the alternative coins, altcoins are generally defined as “bitcoin alternative."

Being the first crypto currency bitcoin establish its price and position in the market, and all other alts that alternative of bitcoin follow this trend of market, however not all alts can follow the lead as where is bitcoin for now, in order to follow bitcoins trend alts must have a good project and good market uses in oder to people to support it.

Nerman

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Yes, bitcoin is undeniably the king of crypto currency. It is number ome for a reason. Bitcoin alternative or more known as altcoin are in some way still a copy of bitcoin. Regardless of the purpose of the coin. Litecoin, ethereum, dash maybe faster or more useful since they have smart contract but nothing beats the original.

aoihs00

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Yeah some guy started the smart contracting idea and there you go rest of the people followed to use it and they created the altcoins! Wink

They are just half of the bitcoin i believe because they were created after the bitcoin and with the same blockchain on which BTC already existed. So looking at the whole time history it seems that people have managed to create the cloned copies of BTC and nothing else.

Topic: Bitcoin and Bitcoin Alternatives - page 4. (Read 761 times)