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Topic: Bitcoin is an altcoin (Read 1878 times)

sr. member
Activity: 378
Merit: 250
July 06, 2017, 02:10:09 PM
#49
Bitcoin may become altcoin, maybe, if it goes 2nd place in crypto currencies market cap. Because is it Bitcoin the first crypto currency that has been created so what in the earth that Bitcoin will become an altcoin.

From the word itself AltCoin meaning 'Alternative Coin' serving as an alternative to a one specific 'main' coin then that's it all about no more question about Bitcoin being the main of all crypto coins out there nonetheless in become 2nd.
full member
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Merit: 105
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July 06, 2017, 12:33:57 PM
#48
Bitcoin is an altcoin is that true ?
full member
Activity: 268
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July 06, 2017, 10:21:31 AM
#47
Dude bitcoin is the main cryptocurrency. It is not an alternative coin. When we say alternative it is just like a replacement for the main. You can see alternative coins in market there js a website but i forgot the url. Well bitcoin is not an alt.
I think you do not understand what he wants to say he. I think that he wants to mention that bitcoin is no longer a good coin anymore and other cryptocurrencies are having a good chance to defeat bitcoinl. If the segwit2x does not happen, bitcoin will doom
legendary
Activity: 1442
Merit: 1025
July 06, 2017, 10:19:35 AM
#46
Bitcoin as far as I know is the mother of all altcoins. It is a virtual currency where we can used it as payment online and can be use as an aaset and savings too Which is very safe compare to any bank.
Yes, I strongly agree with your opinion, currently bitcoin occupies the peak of altcoin because it has a different value with altcoin, I think no one can compete, many who already use bitcoin because it is said to be a savings asset or investment or trade, Bitcoin also ensures security For all its users wherever they are, and bitcoin is independent, so far many people have used and trusted it, I think bitcoin will be in place for a long time.


If you look at some facts about the good progress of bitcoin from the rising bitcoin population as well as the contribution of investors that help improve reputation and popularity of bitcoin, even some countries have declared legality of bitcoin as a digital currency whose function is equivalent to real currency.


Exactly why I disagree with the OP for labeling it an Altcoin. Bitcoin is the premier cryptocurrency and has the qualities, reputation built over time and popularity that the other cryptocurrencies crave for and that makes them an Altcoin but not the original or Bitcoin itself.
I have saw people promoting the newly developed alts mostly will give you the example of bitcoin. They when introducing their currency will say that it is a digital currency like the bitcoin and will then tell you the price of the Bitcoin from where it started and where is it now. All such acts are encouraging for the Bitcoin and its users that the alts accept that bitcoin is the core cryptocurrency and the rest are the followers.
hero member
Activity: 884
Merit: 500
July 06, 2017, 09:22:38 AM
#45
Yes I agree with you, bitcoin is not altcoin and fork of somecoin is not altcoin. This is misconcept between fork and altcoin
legendary
Activity: 1372
Merit: 1005
July 06, 2017, 08:55:57 AM
#44
Dude bitcoin is the main cryptocurrency. It is not an alternative coin. When we say alternative it is just like a replacement for the main. You can see alternative coins in market there js a website but i forgot the url. Well bitcoin is not an alt.
Yeah right, like metal then bitcoin is golden, and it must be admitted that bitcoin is to become a reference on the price of the other coin, take a look at trading then all refer to the price of the bitcoin.
Because bitcoin is the very first cryptocurrencies and also the top 1 or the king of the cryptocurrency market then the price of other coins are just depending in bitcoin. They are more likely to reach higher amount of price if bitcoin is down because the investors of altcoins can buy more bitcoin and also altcoin when the price of main currency is pretty low.

Your all the points correct, its simply idiotic to think bitcoin as altcoin first. Satoshi doesn't give out any copyrighted document to anyone to create by copying the technology he invented which is using to create new altcoins everyday. Altcoin are damn cheaper coin comparing it with btc.
sr. member
Activity: 378
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July 06, 2017, 08:53:36 AM
#43
Dude bitcoin is the main cryptocurrency. It is not an alternative coin. When we say alternative it is just like a replacement for the main. You can see alternative coins in market there js a website but i forgot the url. Well bitcoin is not an alt.
It is not only main, but also a lot of altcoins are addicted to bitcoin price. If it falls market also dumps, it is "The mother of other altcoins"  Wink
hero member
Activity: 2590
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July 06, 2017, 08:46:08 AM
#42
Dude bitcoin is the main cryptocurrency. It is not an alternative coin. When we say alternative it is just like a replacement for the main. You can see alternative coins in market there js a website but i forgot the url. Well bitcoin is not an alt.
Yeah right, like metal then bitcoin is golden, and it must be admitted that bitcoin is to become a reference on the price of the other coin, take a look at trading then all refer to the price of the bitcoin.
Because bitcoin is the very first cryptocurrencies and also the top 1 or the king of the cryptocurrency market then the price of other coins are just depending in bitcoin. They are more likely to reach higher amount of price if bitcoin is down because the investors of altcoins can buy more bitcoin and also altcoin when the price of main currency is pretty low.
sr. member
Activity: 1722
Merit: 252
July 06, 2017, 03:55:57 AM
#41
Dude bitcoin is the main cryptocurrency. It is not an alternative coin. When we say alternative it is just like a replacement for the main. You can see alternative coins in market there js a website but i forgot the url. Well bitcoin is not an alt.
Yeah right, like metal then bitcoin is golden, and it must be admitted that bitcoin is to become a reference on the price of the other coin, take a look at trading then all refer to the price of the bitcoin.
full member
Activity: 308
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July 06, 2017, 02:35:56 AM
#40
Every time that there is a talk about hard fork etc, there is always someone who says "wow, they are creating a new altcoin".
We need to stop this meme.

Prohibited changes are listed here: https://en.bitcoin.it/wiki/Prohibited_changes

Other modifications are possibile, and they don't make "an altcoin".

An hard fork already happened in 2010 (https://en.bitcoin.it/wiki/Value_overflow_incident), so the "current" bitcoin is an altcoin? I don't think so.

I'm not defending any specific BIP etc..., it's just a general principle.

yes now Bitcoin started off being referred to as "a Project". Any body invest this project.
newbie
Activity: 1
Merit: 0
July 05, 2017, 10:01:45 PM
#39
If Bitcoin don't hard fork it will lose its current position because it can not meet the volume and makes the transaction becomes more difficult
sr. member
Activity: 364
Merit: 250
July 05, 2017, 08:21:16 PM
#38
Dude bitcoin is the main cryptocurrency. It is not an alternative coin. When we say alternative it is just like a replacement for the main. You can see alternative coins in market there js a website but i forgot the url. Well bitcoin is not an alt.
sr. member
Activity: 1020
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July 05, 2017, 04:43:18 PM
#37
People might think that altcoin is a new coin that has a value smaller than bitcoin. Therefore he considers bitcoin is the mother of altcoin.
legendary
Activity: 2590
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July 05, 2017, 09:41:26 AM
#36
I must admit, all the people claiming this got me confused. I was wondering if there would actually be 2 different coins.

yes but one will be an altcoin and not bitcoin 2.0, there can't be two bitcoin it doesn't make sense, after all altcoin are other fork of bitcoin, and the same thing will happen on august 1 if there is a chain split, better to hold until then and see what happen, i don't want to lose my coin because of this fork
legendary
Activity: 938
Merit: 1002
July 05, 2017, 09:12:04 AM
#35
I know right. Bitcoin is a utility, currency and an asset all in one. Not an altcoin. Altcoins are just speculation that are good for trading, but cannot be used in any other part of our life. I must confess, in the early stages of my experience with Bitcoin I also use to refer to it as the first altcoin and first cryptocurrency. Now I know the difference and how wrong I am.

Moreover, a hard-fork does not make Bitcoin an altcoin. Such forks occur with the aim of improving the existing Bitcoin. This allows more people to use it and enjoy the opportunities that it provides. Take August 1 for example. Introduction of SegWit will hopefully solve the scaling issue and improve Bitcoin's current issues with confirmation times. This does not mean Bitcoin is an altcoin, but new and improved.
Yes, bitcoin is an all in one package but most of the people don’t understand the features of the bitcoin and underestimate it. However I have a full belief and trust on the bitcoin. I know what difference it made to my life, how was I before using the bitcoin and now when I am earning, holding an investing it. The hard-fork and the segwet are just to improve the bitcoin quality and this is what many don’t understand.
legendary
Activity: 3052
Merit: 1188
July 04, 2017, 01:17:44 PM
#34
Honestly?
How can you call bitcoin core as an altcoin? It was pretty much the first cryptocurrency that was ever  designed, so the whole situation seems clear, at least for me.
I don’t ever think of the bitcoin as an altcoin because everyone knows it was the very first cryptocurrency, the concept of the digital/cryptocurrency was introduced by the bitcoin so how come some can say that the bitcoin is an altcoin?
Bitcoin is not only a currency but a legacy, we better to understand this.
sr. member
Activity: 348
Merit: 252
July 03, 2017, 12:12:26 AM
#33
Do you understand what it means to call altcoin? When a cryptocurrency created and not is Bitcoin, the market will say this is an altcoin.

Bitcoin is the first cryptocurrency success and popular than other cryptocurrecy on market (call Altcoins)

You are right, and he too, the fork here will divide the bitcoin and create new coins, and these coins will be called altcoins. Bitcoin core will still exist, but they have different values.
legendary
Activity: 3234
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July 03, 2017, 12:04:21 AM
#32
Though Op has mentioned the article describing all about the hard fork and other splitting of the network in the past to term it an altcoin, we need to have the understanding that if bitcoin hasn't got existed we could have never got a term virtual currency or cryptocurrency. Following this has grown the entire list of altcoins that we use.
sr. member
Activity: 686
Merit: 253
July 02, 2017, 11:58:56 PM
#31
Bitcoin as far as I know is the mother of all altcoins. It is a virtual currency where we can used it as payment online and can be use as an aaset and savings too Which is very safe compare to any bank.
Yes, I strongly agree with your opinion, currently bitcoin occupies the peak of altcoin because it has a different value with altcoin, I think no one can compete, many who already use bitcoin because it is said to be a savings asset or investment or trade, Bitcoin also ensures security For all its users wherever they are, and bitcoin is independent, so far many people have used and trusted it, I think bitcoin will be in place for a long time.


If you look at some facts about the good progress of bitcoin from the rising bitcoin population as well as the contribution of investors that help improve reputation and popularity of bitcoin, even some countries have declared legality of bitcoin as a digital currency whose function is equivalent to real currency.


Exactly why I disagree with the OP for labeling it an Altcoin. Bitcoin is the premier cryptocurrency and has the qualities, reputation built over time and popularity that the other cryptocurrencies crave for and that makes them an Altcoin but not the original or Bitcoin itself.
sr. member
Activity: 560
Merit: 250
July 02, 2017, 11:57:43 PM
#30
Do you understand what it means to call altcoin? When a cryptocurrency created and not is Bitcoin, the market will say this is an altcoin.

Bitcoin is the first cryptocurrency success and popular than other cryptocurrecy on market (call Altcoins)
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