Bitcoin Outclasses Other Cryptocurrencies as an Investment Option, Here’s Why - page 2.

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Quote from: tippytoes on December 22, 2019, 08:55:34 AM

Though there are other advantages like tx fees and faster speed for other alts, yet, they still come second of choice.

In most cases that doesn't really matter to people. If it really mattered, we would see the transactinal activity on altcoin networks increase exponentially, but most are either flat or in decline. The reason people complain about Bitcoin's fees is that they actually use it and have no desire to shift to something else for actual use.

Bitcoin is on its way to take even low transaction fees and faster settlement away from altcoins through Lightning. It can't get much better than fees of just a couple of satoshis and instant settlement. In fact, you can already use it even though it is recommended to use it with low amounts only. Moreover, there is also more privacy when you conduct payments through Lightning.

Rengga Jati

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Quote from: hatshepsut93 on December 21, 2019, 02:37:26 PM

They are focused on Bitcoin because it's the best performer, simple as that. They don't care about the technology, decentralization and all that stuff, alts were hyped because they showed great performance, they looked like the next cool thing, but now that their bubble has popped,

I agree with you. Since only Bitcoin can prove that it is the safest crypto investment, it makes sense for people to focus on Bitcoin. Everyone must know that altcoin season seems still far away, while Bitcoin probably to have a good season in 2020 or 2021. So, they prepare themselves for this, while trading weekly to get faster income. Then, they leave altcoins that have too complicated problems.

kryptqnick

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Quote from: cheezcarls on December 21, 2019, 01:11:54 PM

Cryptocurrency investors have been pushed to move beyond Bitcoin (BTC). With hundreds of altcoins to choose from and several seeing some massive gains thanks to the 2017 bull run, investors have had their pick of the litter when it comes to making speculative investments on what they believe would be the next big thing.

However, things haven’t gone particularly well for a lot of these guys. Earlier today, a tweet from a cryptocurrency investor with Twitter handle (@jratcliff) showed the performances of some of Bitcoin’s competitors in the industry since the bullish run of 2017.

Source link here

Now we know why Bitcoin's dominance over other cryptocurrencies are overwhelming.

It seems to me that institutions, companies and other organizations worldwide are paying their attention more on Bitcoin than Ethereum, Ripple or any other cryptocurrency out there. I mean that they're laser-focused, because it's the mother of all cryptocurrencies.

It's also the main gateway to be converted straight to fiat when withdrawing from your hardware wallet, mobile, exchanges or so. It's just my own point of view though.

What do you honestly think about this guys? Cheers!

Back in 2017, I thought that Bitcoin was getting less important and the vast variety of altcoin projects and use cases seemed inspiring and dominant over a very limited Bitcoin. And while people profited a lot from investing in Bitcoin, many ICOs also brought people crazy profits. The profit by the end of 2017 was great, especially if we take into account that there weren't many people who knew about Bitcoin in its very early days, whereas there were many more people enjoying the profits from coins like Ethereum and IOTA since the market got popular already. It's the losses after that time that were overwhelming and way higher than with Bitcoin. So right now, after all those losses, I think it's true that Bitcoin gets most of the attention, and it seems fair that it does.

bitvalak

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It is natural to happen, every person or group would want bitcoin because bitcoin is a pioneer of cryptocurrency. Although the price is too high, it does not deter people from being able to buy even have it. In addition, bitcoin is a gateway for exchange from crypto to fiat currency. Almost all websites that support cryptocurrency payments are already integrated with bitcoin payments.

oktana

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it won't be too much of a problem if the authorities only recognize bitcoin as a legal cryptocurrency at an early stage.

The entire initial focus of investment will remain towards bitcoin, so far what has happened to altcoin is only manipulation, they cannot push economics independently, the crypto tendency to be regulated will only focus on the extent to which bitcoin can be used and connected with fiat directly as a facilitator, not with altcoin.

qiman

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It is natural that the grandfather of digital currencies is performing the best and is getting heavily invested in right now, more than other digital currencies because it is like investing in roads and highways for having the first cars on the roads. Smart people will invest in the infrastructure, and that is what BITCOIN is, the infrastructure to mass adoption. Of course there will be some very huge gains for certain cryptocurrencies and tokenized projects in this year and years to come, as just like there are different cars and brands of computers or phones, there are different crypto currencies or projects backing them that people will want to invest in if they see potential. I plan on investing and trading in some low cap coins and will gradually build my Bitcoin through trading and playing with the other currencies. Bitcoin will be a decent asset class currency to hold over time and will be performing well I think.

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We are in a market where price movements are very volatile. But I still think the most stable bitcoin. Some new altcoin prices are good. A sharp move in the price of bitcoin affects the whole market negatively.

tippytoes

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Quote from: bitzizzix on December 22, 2019, 08:45:58 AM

In my opinion, because bitcoin is the first digital coin in the world and is known to many people compared to other altcoins which are only alternative coins from bitcoin, and besides that bitcoin is a safe and profitable investment instrument compared to other digital coins or all altcoins.
and there are still many advantages of bitcoin that I think are better than altcoin and can't deny that bitcoin is the best cryptocurrency so far.

The popularity even among noncrypto users makes it really outstanding among others. Because try asking a noncrypto user if he knows about crypto, and he will ask if it is about bitcoin? With this popularity, merchants and other institutions are banking on it as compared to its competitors. Though there are other advantages like tx fees and faster speed for other alts, yet, they still come second of choice. We can't deny such influence when a certain entity is deciding which crypto is to be used within their payment system.

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In my opinion, because bitcoin is the first digital coin in the world and is known to many people compared to other altcoins which are only alternative coins from bitcoin, and besides that bitcoin is a safe and profitable investment instrument compared to other digital coins or all altcoins.
and there are still many advantages of bitcoin that I think are better than altcoin and can't deny that bitcoin is the best cryptocurrency so far.

Yaunfitda

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One obvious reason why bitcoin remain so dominant and the best crypto options is that it's the first and given the fact that many media are now covering bitcoin trades more than ever. Of course we love altcoins as well, however, bitcoin has a good track record.

Most altcoins are still down 90%, while bitcoin has slowly bounce back, just around 60% from its' previous all time highs.

gabmen

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Well what can you expect. Being the coin that started it all, and with it's uses proving it has more relevance than any coin in the market, of course it will outclass it's crypto competition, if it can even be considered as that at all. Even if some coins prove to be more advanced when it comes to technology, i guess the fact that investors still veer towards bitcoin proves other coins still has a long way to go to catch up.

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Quote from: nienzer on December 21, 2019, 06:00:21 PM

Quote from: cheezcarls on December 21, 2019, 01:11:54 PM

Cryptocurrency investors have been pushed to move beyond Bitcoin (BTC). With hundreds of altcoins to choose from and several seeing some massive gains thanks to the 2017 bull run, investors have had their pick of the litter when it comes to making speculative investments on what they believe would be the next big thing.

However, things haven’t gone particularly well for a lot of these guys. Earlier today, a tweet from a cryptocurrency investor with Twitter handle (@jratcliff) showed the performances of some of Bitcoin’s competitors in the industry since the bullish run of 2017.

Source link here

Now we know why Bitcoin's dominance over other cryptocurrencies are overwhelming.

It seems to me that institutions, companies and other organizations worldwide are paying their attention more on Bitcoin than Ethereum, Ripple or any other cryptocurrency out there. I mean that they're laser-focused, because it's the mother of all cryptocurrencies.

It's also the main gateway to be converted straight to fiat when withdrawing from your hardware wallet, mobile, exchanges or so. It's just my own point of view though.

What do you honestly think about this guys? Cheers!

Bitcoin is a working, reliable prototype of digital currency. Altcoins are a replicate of Bitcoin. Sooner or later, people begin to understand that altcoins are just a beautiful shell and no more, and then they return to the roots, that is, to Bitcoin

I can't say that they are replicate.

But I think altcoins is the version of Bitcoin based on the creator of that altcoin. They are not replicating Bitcoin but they are wanting to create something that they think can help people and give them profit.

EdvinZ

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It so happened that the bulk of investors accepted Bitcoin as the main cryptocurrency. It's not about its technological superiority over alternative cryptocurrencies. Perhaps bitcoin dominates because It is the very first cryptocurrency. There are already many other cryptocurrencies, no less technological than Bitcoin. But investors do not want to buy them, because it so happened that the success of Bitcoin believe more than in altcoins.

pooya87

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Quote from: cheezcarls on December 21, 2019, 01:11:54 PM

Cryptocurrency investors have been pushed to move beyond Bitcoin (BTC).

wrong.
for as long as altcoins existed, bitcoin investors have been investing their bitcoin in altcoins so that they could increase it. in fact one of the most popular ways that people mention as "ways to earn bitcoin" has always been trading altcoins.

Quote

With hundreds of altcoins to choose from and several seeing some massive gains thanks to the 2017 bull run, investors have had their pick of the litter when it comes to making speculative investments on what they believe would be the next big thing.

the thing about foolish thoughts such as this is that they never last long.
as you can see even if anybody was fooled into thinking this way back in 2017, they all know that it was a lie since for the past 2 years these altcoins have been dumping without pause or recovery.

Quote

Now we know why Bitcoin's dominance over other cryptocurrencies are overwhelming.

bitcoin is dominating without any competition because it is decentralized, secure, immutable and most important of all used in real world as a currency.
otherwise even if its price were performing bad it still would dominate the market.

Quote

It seems to me that institutions, companies and other organizations worldwide are paying their attention more on Bitcoin than Ethereum, Ripple or any other cryptocurrency out there. I mean that they're laser-focused, because it's the mother of all cryptocurrencies.

again same reasons as above.
for instance Microsoft accepts bitcoin but not ethereum, ripple,... because they don't want to see their payment reversed because these centralized altcions decided to roll back some blocks as they have done in the past..

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Quote from: blckhawk on December 21, 2019, 07:58:48 PM

Not much of a surprise. When they looked at 'cryptocurrencies', they would surely look at the most popular one, the Bitcoin. And even though it's good to look as an investment, it fails if people looked at it as a medium of payment, especially for smaller transactions. They would know the weaknesses of Bitcoin, in which Ethereum could shine. As of now, it's seen as an investment, but the main goal is to see it as another usable currency applicable to all scales of transactions.

I actually think that bitcoin fame exceeds cryptocurrency. because some people closest to me only know bitcoin but they don't know that bitcoin is a crypto. so I think bitcoin believes that bitcoin outperforms other coins, because the more fame there will be many users who choose it

mobnepal

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There are basically three altcoins that had gain imense amount of attention during 2017 bull run namely ethereum, ripple and bitcoin cash.

Ethereum = got massive pump and dump because majority of ICO failed to deliver their promises and legal bullshit around ICO
Ripple = unlimited supply and major periodic dump by corporation behind this centralized crypto
Bitcoin cash = bitcoin's fork trying to solve fee issues but at backend few crypto billionaires trying to print more money out of thin air/bitcoin holdings

Bitcoin is actually base currency in crypto ecosystem and it will remain like this in future too as number of adopters and marketcap bitcoin have is massive compared to others

meanwords

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Probably because Bitcoin gives one of the best ROI when it comes to investment. It is one of the safest investment that anyone could find in the crypto space and that it is the first to pump when a bull run comes. Bitcoin doesn't need hype and new announcements to push its price, the altcoins will do that for Bitcoin. It's like Bitcoin is the Master, and this altcoins are the slaves trying to make cryptocurrency popular with that mass which then on Bitcoin reaps all the benefits.

blckhawk

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Not much of a surprise. When they looked at 'cryptocurrencies', they would surely look at the most popular one, the Bitcoin. And even though it's good to look as an investment, it fails if people looked at it as a medium of payment, especially for smaller transactions. They would know the weaknesses of Bitcoin, in which Ethereum could shine. As of now, it's seen as an investment, but the main goal is to see it as another usable currency applicable to all scales of transactions.

joelsamuya

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Bitcoin may not be the best cryptocurrency so far but what we can not deny is that it is the most accepted and the most popular. When we are talking about cryptocurrency, what comes to mind is Bitcoin, first and foremost. Do we have to wonder then if investors small and big as well as institutional are all gung-ho for it? In the next coming years, I always believe that it will still be Bitcoin that is going to be dominating the field.

dimastegar

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I as a trader who is always watching the price of Bitcoin every day, I can conclude that Bitcoin is the safest and most profitable crypto investment compared to other coins.
There are several reasons that make me state this.
* First, Bitcoin is the first crypto currency
* Second, many people trade with BTC pairs
* Third, BTC holders have benefited many times with several Airdrops from HardFork on the Bitcoin Network such as BCH and BTC Gold.

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