Long term argument for bitcoin - page 20.

Hamstead

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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?

Yes, it totally matters into that. Knowing that if you are on top, most probably you can do a lot of things without limitations. Bitcoin is soaring wildly and nobody could stop for this. Though they are digital currencies but in some features and capabilities in gaining profit is very far from each other. Of course, everyone will go to the one that provide more rather than of providing less.

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Quote from: carodupuis on November 15, 2017, 10:42:54 AM

Quote from: lvincent on November 09, 2017, 02:26:19 AM

Bitcoin is the first it is a big impact for me in choosing where to invest bitcoin is there since day one and it never turned me down i've got a lot of profit since then. Bitcoin is genuine and litecoin is an innovation same with the other altcoins, genuine will always be the best for me and i trust it the most. Bitcoin is the legend for me And legends never die.

It is not only you who believes in bitcoin. In fact there are number of people who actually believes in bitcoin including me. It is because of the reason that bitcoin has and is helping all of its investors in making as much amount of money as they want to. The way bitcoin is making such a good reputation in the international market as well as investors, I am very much sure that bitcoin is going to have a very bright future.

Its much easier now to convince anyone how effective and reliable bitcoin now, it can be googled everywhere, news were started to be seen in magazines and in television as well as popular personalities started to use it, i guess those who are not risk taker will only left in doubt.

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Quote from: lvincent on November 09, 2017, 02:26:19 AM

Bitcoin is the first it is a big impact for me in choosing where to invest bitcoin is there since day one and it never turned me down i've got a lot of profit since then. Bitcoin is genuine and litecoin is an innovation same with the other altcoins, genuine will always be the best for me and i trust it the most. Bitcoin is the legend for me And legends never die.

It is not only you who believes in bitcoin. In fact there are number of people who actually believes in bitcoin including me. It is because of the reason that bitcoin has and is helping all of its investors in making as much amount of money as they want to. The way bitcoin is making such a good reputation in the international market as well as investors, I am very much sure that bitcoin is going to have a very bright future.

Shamie1002

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In layman's terms, bitcoin is the original digital currency. Where in it is having the main functions of crypto currency
Altcoins in the other hand are copies and are added with features that bitcoin lacks.
Well most people including myself, thinks that it's a good thing for the are trying to develop its flaws for other possibility purposes but it was set in our minds that the original's foundation remains the strongest.
It's like people buys original brands than imitations.
Imitations gives you cheaper and short time benefits. But with the original branded things, it's for a long term keeps.
This is based on my opinion though.

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Quote from: bucker steemit on November 09, 2017, 03:49:08 AM

that's not the main problem, it's true some altcoins have the same features as bitcoin and even some coins emerging always want to beat bitcoin but here we should know that bitcoin is the king of many coins because bitcoin is anonymous without anyone knowing, altcoin need bitcoin

Bitcoin is not fully anonymous because transactions can be traced. It was not deisgned to be fully anonymous. Some altcoins offer full anonymity.

Ultimately, features are a moot point when compared to bitcoin's increasing value.

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Quote from: eann014 on July 08, 2017, 11:38:31 PM

Yes it is an important factor since bitcoin is the first and leading crypto-currencies that is why a lot people are confident that bitcoin will get on a long term and can be alive in a long run, for sure it will have a good value for the future. Maybe litecoin needs to have more advertisement to do. But as of now bitcoin is recommended as many people are using it and they know how bitcoin they do a lot.

Crypto is the first example of money in terms of Bitcoin, but Litecoin silent silence gained much value, the number of users increased, there was a value between 3-4 dollars a night. If Litecoin's advertisement was made, it would be $ 300.

bucker steemit

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that's not the main problem, it's true some altcoins have the same features as bitcoin and even some coins emerging always want to beat bitcoin but here we should know that bitcoin is the king of many coins because bitcoin is anonymous without anyone knowing, altcoin need bitcoin

betMaster

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Of course it's the most important thing that bitcoin came first and had the opportunity to be a monopoly for a while thus being the most known and trusted for internet users before becoming an oligopoly with the arrival of other crypto currencies . We still witness the dominance of bitcoin and it's ability to maintain a growing trajectory through time surpassing all expectations and increasing it's market cap day by day . Bitcoin is sitting on the throne of cryptos and will remain on it for many years to come .

lvincent

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Bitcoin is the first it is a big impact for me in choosing where to invest bitcoin is there since day one and it never turned me down i've got a lot of profit since then. Bitcoin is genuine and litecoin is an innovation same with the other altcoins, genuine will always be the best for me and i trust it the most. Bitcoin is the legend for me And legends never die.

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Quote from: hatshepsut93 on July 09, 2017, 08:32:15 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?

Bitcoin has the best team of developers, altcoin developers often screw up and have to do hard forks, and they might even be very centralised, like Ethereum. So there's much more than just history to Bitcoin. Bitcoin also has the biggest amount of nodes, miners and hashing power. meaning it's the hardest coin to attack, while smaller coins could be an easier target.

You mentioned very good arguments in a very simple and clear way, if I would add one thing would be the simplicity of use for the common user if we relate it against others coins, if we talk about arguments outside of that context perhaps we should mention as an argument the fungibility which is what is required for common transactions, I guess.

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Quote from: Lampaster on July 09, 2017, 08:58:35 AM

Quote from: deisik on July 09, 2017, 08:07:30 AM

Quote from: Harlot on July 09, 2017, 07:22:22 AM

I believe so, I agree with you that there are other altcoins there in the cryptocurrency world in fact some are better than Bitcoin. But the main difference is that separates Bitcoin to others is that Bitcoin has the largest demand of them all, you can see how the prices are compared to other which means it has a greater demand compared to others. That is the benefit of being a pioneer in the market they are the ones who gets more attention or popularity as Bitcoin is the face of cryptocurrency

This benefit wouldn't last long on its own

For example, there were quite a few companies in the past which had been pioneers in some field, but most of them got eventually crowded out, forced into oblivion by more successful descendants that came after them and then completely forgotten by society. Bitcoin has been successful mostly because it didn't face serious development issues until lately while other coins couldn't suggest anything beyond imagination which would attract a lot of people. Basically, other coins couldn't offer long-term profitability comparable to or exceeding that of Bitcoin

The most powerful corporations in the market are those that have a very long history. There are certainly cases when the descendants of the more successful, but this is the exception to the rule. People always trust the long history of the company and therefore the name and the history of the company is very expensive.

I basically agree with that

That's what I tell myself, i.e. that corporations are inherently immortal and immoral (unlike us, humans), and the older they grow, the more powerful they become. That's why it is so hard for a generic human to beat a company (and still harder an old and well established corporation), they are like vampires that become only stronger with age. But that doesn't mean that these corporations were pioneers in their respective fields. For example, do you know which was the first company to produce an automobile in the US? It was Oldsmobile which was purchased by General Motors as early as 1908

Pioneers rarely make it to the top

icecube45

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Actually, bitcoin is more feasible in the long term than altcoin. Most altcoins have no longevity and tend to be scam, so it is very risky if for the long term. Although there are some altcoins such as ethereum, litecoin, etc. that have a future but not as good performance bitcoin if in the long term. Especially in the last 4 years bitcoin prices have increased every year, so it is also convinced that bitcoin is feasible for the long term. Actually the difference is not only bitcoin is the first, but also the adoption of bitcoin which is bigger than altcoin.

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Quote from: deisik on July 09, 2017, 08:07:30 AM

Quote from: Harlot on July 09, 2017, 07:22:22 AM

I believe so, I agree with you that there are other altcoins there in the cryptocurrency world in fact some are better than Bitcoin. But the main difference is that separates Bitcoin to others is that Bitcoin has the largest demand of them all, you can see how the prices are compared to other which means it has a greater demand compared to others. That is the benefit of being a pioneer in the market they are the ones who gets more attention or popularity as Bitcoin is the face of cryptocurrency

This benefit wouldn't last long on its own

For example, there were quite a few companies in the past which had been pioneers in some field, but most of them got eventually crowded out, forced into oblivion by more successful descendants that came after them and then completely forgotten by society. Bitcoin has been successful mostly because it didn't face serious development issues until lately while other coins couldn't suggest anything beyond imagination which would attract a lot of people. Basically, other coins couldn't offer long-term profitability comparable to or exceeding that of Bitcoin

The most powerful corporations in the market are those that have a very long history. There are certainly cases when the descendants of the more successful, but this is the exception to the rule. People always trust the long history of the company and therefore the name and the history of the company is very expensive.

hatshepsut93

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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 has the best team of developers, altcoin developers often screw up and have to do hard forks, and they might even be very centralised, like Ethereum. So there's much more than just history to Bitcoin. Bitcoin also has the biggest amount of nodes, miners and hashing power. meaning it's the hardest coin to attack, while smaller coins could be an easier target.

deisik

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Quote from: Harlot on July 09, 2017, 07:22:22 AM

I believe so, I agree with you that there are other altcoins there in the cryptocurrency world in fact some are better than Bitcoin. But the main difference is that separates Bitcoin to others is that Bitcoin has the largest demand of them all, you can see how the prices are compared to other which means it has a greater demand compared to others. That is the benefit of being a pioneer in the market they are the ones who gets more attention or popularity as Bitcoin is the face of cryptocurrency

This benefit wouldn't last long on its own

For example, there were quite a few companies in the past which had been pioneers in some field, but most of them got eventually crowded out, forced into oblivion by more successful descendants that came after them and then completely forgotten by society. Bitcoin has been successful mostly because it didn't face serious development issues until lately while other coins couldn't suggest anything beyond imagination which would attract a lot of people. Basically, other coins couldn't offer long-term profitability comparable to or exceeding that of Bitcoin

Harlot

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I believe so, I agree with you that there are other altcoins there in the cryptocurrency world in fact some are better than Bitcoin. But the main difference is that separates Bitcoin to others is that Bitcoin has the largest demand of them all, you can see how the prices are compared to other which means it has a greater demand compared to others. That is the benefit of being a pioneer in the market they are the ones who gets more attention or popularity as Bitcoin is the face of cryptocurrency.

(altair)

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Quote from: Nathland on July 09, 2017, 04:11:55 AM

The answer is simple. Bitcoin without any doubt is the most popular cryptocurrency out there which makes it the best crypto to invest in. Bitcoin is the oldest cryptocurrency and is one of the fastest growing investment. Bitcoin can yield maximum returns in long run.

Simply because bitcoin has stabilize its name in the market. Playing major role in the crypto world and of course bitcoin is the first considering its originality not a copy cut and trusted by many.

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GOD is TRUE

Quote from: darkangel on July 09, 2017, 04:25:53 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?

Why do you trust bitcoin? Do you want to earn yourself some money or otherwise make money or own a property. When you have a goal and learn about bicoin, then be assured about it. This is a digital currency, not a virtual currency that people think. When you want to have some money to spend, you can sell a bitcoin that you hold and convert into cash or can participate in translations to make money. And work hard every day.

The ratio of altcoin will be equivalent to bitcoin if the coin can be a benchmark of other altcoin conversion, the belief in this pair will encourage the enthusiasm of newer coins to engage with it, for example we can see from the smart contract ethereum, But judging from the increase in volume, bitcoin is still far superior, not as easy as expected.

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Quote from: Nathland on July 09, 2017, 04:11:55 AM

The answer is simple. Bitcoin without any doubt is the most popular cryptocurrency out there which makes it the best crypto to invest in. Bitcoin is the oldest cryptocurrency and is one of the fastest growing investment. Bitcoin can yield maximum returns in long run.

todays bitcoin is really popular among people and tomorrow bitcoin will become most famous. with many benefits from bitcoin, people can use bitcoin as an investment or make money in short way. many people hoping that they can make a big money but if they are make a wrong decision, then they need to waiting for a while because bitcoin and other coins is changing the price too often so if they want to sell their bitcoin to make money, make sure that we can sell at high price.

eann014

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Quote from: LeoEspansq on July 09, 2017, 03:50:54 AM

Quote from: Anfisman on July 09, 2017, 12:56:56 AM

I thought I chose bitcoin because it was the first and indeed very promising, maybe now many crypto currencies exist in the internet world, but they are of course in some beside different from bitcoin, now peoples have known Bitcoin extensively, so they would prefer bitcoin Than others. And one of the guarantees of crypto currency is that they have been legal to use, and currently bitcoins have been legal in some countries. So bitcoin is still better for me. Wink

Bitcoin is now popular and best cryptocurrency, so its majority and chooses the long term. But no one can say exactly what will happen to him in a few years, so some people buy other currencies for subsistence.

Yeah we don't know what will happen with bitcoin for a few years but as of now I am enjoying to earn bitcoin and if bitcoin will fail me sooner or later I guess bitcoin will make way to improve again.

Topic: Long term argument for bitcoin - page 20. (Read 5936 times)