Difference of coins - page 8. | Bitcointalksearch.org

Lighthouze

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Activity: 196

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Quote from: Estehmanis on September 01, 2018, 06:18:49 PM

Analogy
Bitcoin ---- USD
Altcoin ---- IDR, euro, pounds

This is not the best analogy to use in this instance and it's grossly misleading. The USD cannot be referred to as Bitcoin in a form, and you now put the British Pound as an Altcoin?? Laughable..

Lighthouze

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Activity: 196

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Bitcoin is the first cryptocurrency and came with the first blockchain technology in the online space. This is why most people outside the crypto world do not know any other coin but Bitcoin. Every other coin that was created after BTC is referred as an altcoin (alternate coin).

sunsilk

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Quote from: rezarekt on September 01, 2018, 11:08:13 AM

Quote from: sunsilk on September 01, 2018, 10:30:49 AM

Bitcoin is the center of the cryptocurrency market, its like the dollar of the world where many local currencies are depending to its market.

While altcoins, it means alternative coins. They are coins that has been modified and created which is inspired through bitcoin and they have their own network/blockchain as well. You cannot send bitcoin directly to any altcoin and the popular use of altcoins today are becoming the exchange of bitcoin to profit.

Thank you for your immediate response sunsilk! And also for the clarification. I thought that Bitcoin are two different cryptocurrency, but it turns out that it altcoin is also bitcoin and the only difference is it is modified.

Don't mention it.

Bitcoin is the only one supreme coin of the market. Those altcoins are just its subordinates and there's no other coin that be compared to bitcoin. You seem to misunderstood that bitcoin is also an altcoin, no bitcoin isn't an altcoin. It's not an altcoin whereas altcoins are copied from bitcoin which is the original and first cryptocurrency.

Estehmanis

full member

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according to understanding and analogica I distinguish bitcoin and altcoin like this
The first Bitcoin coin appears.
Altcoin = alternative coin, just a term to call crypto coin besides btc, like ETH.

Analogy
Bitcoin ---- USD
Altcoin ---- IDR, euro, pounds

success65

newbie

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bitcoin is the founder of the whole direction of cryptocurrency . it was he who set the direction and rapid growth . though it is old technology but still sadaat trend

Ranly123

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Quote from: rezarekt on September 01, 2018, 10:28:42 AM

What is the difference of Bitcoin and Altcoin? Those two got me confused ey. Noobie here.

There is no difference because these are both cryptocurrencies. Bitcoin is a cryptocurrency that is recognized by many due to it's high value. While altcoins are coins that are alternatives of bitcoins which consists of many coins. These alternatives helps people invest in crypto even without Bitcoin in their pocket.

Noobaru

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Bitcoin was the first "coin" and cryptocurrency and is already almost 10 years old, if I'm not mistaken. And hence it is the most popular one to date, because people are naturally attracted to things that are "first" on the scene. Altcoins are coins that are an "alternative" to bitcoin with their own blockchains, which try to upgrade on the blockchain that bitcoin has. At least something like that is said in laymen terms.

qazgroup

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Activity: 1022

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RiveMont

Bitcoin is the pioneer coin with the largest volume and popularity till date, all other coins are called altcoins to differ from bitcoin, i personally think bitcoin will not be replaced easily, it still has big future ahead.

thinhthai

jr. member

Activity: 294

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Bitcoin has the old technology but it's the first blockchain, first cryptocurrency in the world. And altcoin is the rest, all coins/token were created after Bitcoin had the name Altcoin

rezarekt

newbie

Activity: 28

Merit: 0

Quote from: sunsilk on September 01, 2018, 10:30:49 AM

Bitcoin is the center of the cryptocurrency market, its like the dollar of the world where many local currencies are depending to its market.

While altcoins, it means alternative coins. They are coins that has been modified and created which is inspired through bitcoin and they have their own network/blockchain as well. You cannot send bitcoin directly to any altcoin and the popular use of altcoins today are becoming the exchange of bitcoin to profit.

Thank you for your immediate response sunsilk! And also for the clarification. I thought that Bitcoin are two different cryptocurrency, but it turns out that it altcoin is also bitcoin and the only difference is it is modified.

sunsilk

hero member

Activity: 2884

Merit: 620

Bitcoin is the center of the cryptocurrency market, its like the dollar of the world where many local currencies are depending to its market.

While altcoins, it means alternative coins. They are coins that has been modified and created which is inspired through bitcoin and they have their own network/blockchain as well. You cannot send bitcoin directly to any altcoin and the popular use of altcoins today are becoming the exchange of bitcoin to profit.

rezarekt

newbie

Activity: 28

Merit: 0

What is the difference of Bitcoin and Altcoin? Those two got me confused ey. Noobie here.

Topic: Difference of coins - page 8. (Read 1228 times)