Long term argument for bitcoin - page 12.

King money

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Quote from: BlinkLifeHippo on May 07, 2018, 04:09:42 PM

Experience matters a lot in this cases. The bitcoins are first and so are more experienced too in the cryptoworld

I think On paper it's easy to say that all coins are similar, but a single line of bad code can be a big disadvantage and experience with bitcoin makes it clear that we will not have big problems easily. To conclude a coin does not really produce anything. Their value is based on trust and usage.
Bitcoin is widely used and this is what makes bitcoin more valuable than other crypto currencies. Bitcoin is better tested at higher volumes and over a longer period of time which makes bitcoin more reliable than other crypto currencies.

gabmen

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Quote from: jaocoincrypto18 on June 28, 2018, 06:47:36 AM

Quote from: Gouverne on June 27, 2017, 10:31:29 AM

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

The advantage of Bitcoin as become the first crypto currency is a fact in which if Bitcoin did not founded and created then probably there is no crypto currency investment will exist. Bitcoin already build a foundation of trust among the people as most promising investment in which it doesn't need a commodity just to be promoted and advertise unlike the other coins specially Litecoin that it will need to be promoted just to attract more investors.

Being the first is important since bitcoin will always be known to pioneer a market that will be the future of how we make transactions. People know bitcoin more than blockchain or cryptocurrencies and popularity is powerful enough to put all other coins with better features beneath btc.

NeMa94

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Of course "being first" is that important. Bitcoin broke the ice for other coins, cryptomarket wouldn't exist without it. But if we put that on the side, most investors want to have bitcoin because it is wide known and used as a payment method. Also, not many are familiar with the whole crypto market, they only know that there is something named bitcoin and that it can substitute real money if needed. Cheesy

I agree that Litecoin is a great investment, but all coins on any exchange are compared to USD and BTC and that won't change for a long time. Wink

kauban2018

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I have heard lot of issues and arguments from the other people. Lot of negative thought even without knowing the reality behind Bitcoin. I'm sure that all of these arguments will not be finish for lot of different people argues. Like bans from other and low value of Bitcoin especially the negative feedback of Bitcoin due to economy.

Dudeperfect

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Well, Bitcoin has definitely gained momentum and popularity due to its first mover advantage in the market but that's not the only reason for my long-term argument when it comes to the Bitcoin. Bitcoin has grown exponentially since inception and now it has the highest user base, volume and utility value since then. Any other coin might come up with good potential but it can replace only when it will have an equivalent or more user base, utility value and volume. I am not ignoring this possibility but I don't see any other coin having that potential as of now.

jaocoincrypto18

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Quote from: Gouverne on June 27, 2017, 10:31:29 AM

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

The advantage of Bitcoin as become the first crypto currency is a fact in which if Bitcoin did not founded and created then probably there is no crypto currency investment will exist. Bitcoin already build a foundation of trust among the people as most promising investment in which it doesn't need a commodity just to be promoted and advertise unlike the other coins specially Litecoin that it will need to be promoted just to attract more investors.

squog

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Well to each their own. If you want other coins because you see it as lucrative or even better than BTC then go right ahead. I myself am looking for other coins to invest in. Of course BTC is also in my portfolio but i tend to focus more of my assets on alt coins since they have a huge potential for growth.

meanwords

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Well as you can see, Bitcoin has been around more than all the altcoins which makes it a factor for it being more chose than the others. Also, Bitcoin has been the safest investment in the entire cryptocurrency space compared to other coins that have been created. Not only that, Bitcoin also has been use all over the world to transact money for all kinds of services or Bitcoin to fiat. It's easy to use Bitcoin and that it's not that complicated to understand which is why people prefers it.

imstillthebest

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Quote from: Lexurdania on June 28, 2018, 06:01:18 AM

Quote from: Gouverne on June 27, 2017, 10:31:29 AM

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Most peoples must be investing their money on bitcoin. Bitcoin have biggest market cap and domination on cryptomarket more than 40% right now. Its safest investment in cryptomarket and bitcoin is main currency in exchanger beside ethereum and USDT

yes yes i agree on what have you said. bitcoin can simply be described superb in one simple word , though i also believe that altcoins is also important becuase alts do have any other usage and advantage that we cant possibly find on bitcoin .

some advantages that i am talking about is altcoins seems to be more faster when it comes to sending plus they also cost more cheap in terms of transaction fees.

the only reason why most people are confident on bitcoin it is because bitcoin is the first and most popular cryptocurrency when compared to others.

a2offrb

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Candidly Yes. Everybody's perception about Bitcoin in clear Terms is that it is the Pioneer coin that kick started every other coin including the Litecoin in question here itself through the BlockChain generation where every other coins are dependent upon for survival. Aside this, I don't think there can be any coin transaction of all other coins without converting them back to Bitcoin no matter what and how genuinely beautiful or creative their features could be, since Bitcoin is the only language understood by most investors outside this forum.

Lexurdania

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Quote from: Gouverne on June 27, 2017, 10:31:29 AM

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Most peoples must be investing their money on bitcoin. Bitcoin have biggest market cap and domination on cryptomarket more than 40% right now. Its safest investment in cryptomarket and bitcoin is main currency in exchanger beside ethereum and USDT

phenomeseb1

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Bitcoin is the safest ..both long term and in crashes

chengyinoing

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Bitcoin is the number one encrypted currency. Bitcoin's demand is different from other altcoin's.

We all know that the currency is by far the most reliable, and the currency of reputation in the international market and investors is so high, I believe that the currency can bring huge gains to investors for a long time.

ethereumhunter

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Quote from: Ramtapsbtc on June 27, 2018, 07:54:40 AM

Quote from: Gouverne on June 27, 2017, 10:31:29 AM

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Simply because bitcoin is more popular and made a good reputation in the market that attracts the investors to invest,the perception of people if they heard about bitcoin is profitable which is right, bitcoin proved itself how worthy and deserved to be on top.

it because the first time we know about cryptocurrency is bitcoin and we know that bitcoin is superior to the other coins and it cannot compare with the other. we really want to make money from bitcoin and we are trying to collect as much bitcoin as we can while we can do many things to get bitcoin. all we want to make money is from bitcoin but we have another choice to increase the amount of bitcoin that we want from the altcoin. so altcoin will help us to collect more bitcoin.

lanalang

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For some people around it is really important, because if bitcoin was the first it means that it is not so easy destroyable. Is something as living already for some time, it means that it is endurable more than other thing.

Ramtapsbtc

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Quote from: Gouverne on June 27, 2017, 10:31:29 AM

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Simply because bitcoin is more popular and made a good reputation in the market that attracts the investors to invest,the perception of people if they heard about bitcoin is profitable which is right, bitcoin proved itself how worthy and deserved to be on top.

feinter

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Quote from: putrisa on June 27, 2018, 07:07:07 AM

yes you really should be like that should be confident that bitcoin can be used for long-term investment because with bitcoin and apply long-term investment you can get a lot of profit.

Bitcoin and other technologies are transforming money systems from centralized to decentralized systems.Decentralized networks are peer-to-peer, which means money passes directly from one person to another. This makes it easier for average people to get around government controls, and harder for officials to steal or seize money.

putrisa

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yes you really should be like that should be confident that bitcoin can be used for long-term investment because with bitcoin and apply long-term investment you can get a lot of profit.

realaccountakira

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Quote from: Gouverne on June 27, 2017, 10:31:29 AM

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Bitcoin is the "king" of cryptocurrencies for a reason.

It is at the top because it not only has the most value, but because it is the most known and most used cryptocurrency as of the moment. Of course, this can and probably will change over time, but until some other coin gains approval and popularity at the level of bitcoin, bitcoin is going nowhere.

Ctn

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Many times altcoin project can go scam and while bitcoin is the first ever currency made by the blockchain creator itself then we are sure that it is not going anywhere. Plus he himself is holding more than 6% of the bitcoin so we know very well how much important bitcoin is to him and to us. Thats why it provides more assurance that long term holding of bitcoin will always benefit us no matter what. Altcoin for example, liteocin is created over the blockchain by new start ups who has goal in front of them. But they are not bound here by any means and they can literally screw us at anytime so thats more riskier.

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