Long term argument for bitcoin - page 25.

Reid

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Quote from: Gouverne on June 27, 2017, 09:31:29 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?

Popularity and trust. Investors go to the most trusted quickly so value will grow.
I have this own opinion that when something ages trust grows with it.
Well, even peopl without much knowledge with the crypto currency would surely fall with bitcoin even if they were introduced with an altcoin.
It is like the USD in the crypto world. They want to always compare the price with bitcoin and that says it all.

radjie

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Quote from: Gouverne on June 27, 2017, 09:31:29 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?

Which makes bitcoin the first to be the popularity of bitcoin to date so that many people who trust this digital coin in the form of a promising investment so that bitcoin value is more valuable than other types of altcoin even though the price has decreased bitcoin will still be used by most people.

Mometaskers

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Bitcoin really got a headstart and have the most number of users. It's also the more recognizable of the cryptos. Actually most people hear of bitcoin first before they even know there are other cryptocurrencies out there. It's more of the introduction to the crypto world.

Of course as some people here has noted, there is the chance some other coin could over take it because of the split. Still, I don't see it suddenly just disappearing as many people usually use it to buy other alts and back.

pearlmen

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Quote from: Gouverne on June 27, 2017, 09:31:29 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?

In Olympics the difference between the first and the second is just a matter of seconds and nothing more but someone will be made reference to than others which is what is happening here and come to think of it, they may share similar characteristics or even came at the same time but the truth need to be said that bitcoin has gone ahead of LTC in all ways which we cannot begin to list and this is something that give basis and ground to btc which makes the trust in it on the increasing side compared to LTC.

phuclzu12

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Quote from: Gouverne on June 27, 2017, 09:31:29 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?

A simple example, Bitcoin as USD and Altcoin as other currencies (EUR, GBP, AUD, JPY, CNY ...) in market, you can see USD always more popular than all and Bitcoin too Wink

snipetr

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For me, bitcoin is the safest coin because it has still exist since 2009... Other coin's price can decrease very fast or coins can just disappear but bitcoin seems to be serve for long years (stable).

KennyR

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Bitcoin is a successful experiment, but litecoin just has reached the ground. In the start itself it gave a threatening to the bitcoin. But it was with a short time period was overcome by bitcoin avoiding the splitting and other issues. In this way think wise and decide which one you'll be selecting to be on the safe side.

harizen

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Quote from: Gouverne on June 27, 2017, 09:31:29 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?

Because we have reason to be confident in bitcoin in which is not present on other altcoins. Yes there is some altcoins that is worth to hold but not too long. The usage of bitcoin is now widely and compare to other altcoins, most of them are used for trading purposes only.

Just because you saw others making profit on other altcoin, it doesn't mean people will used it. For profit yes, but for general purposes, well as now it's lacking to be used of.

eternalgloom

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I would be wary to become overely positive about Bitcoin in the long term. There might be a chain split on August 1st and it's looking very likely.
I think that's an opportune time for altcoins to gather a larger marketcap than Bitcoin, things might get rearranged.

dillpicklechips

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Let's say that they are the same that the only difference is Bitcoin being the first one.

The fact is that Bitcoin is more popular, accepted, and has built a nice reputation to the people. Also it has a bright future that is people see the price to surge up to multiple fold in the future that's why they prefer Bitcoin. Also it has been adopted and considered as the main and major cryptocurrency that is with countries who accepted Cryptocurrencies it is more mainly about they accepted Bitcoin. These countries who have announced their acceptance with Bitcoin as a medium for transactions, it added up to the trust of people that it would be more great in the future hence they prefer to invest on it.

Why would you invest in a coin which you are not confident about? People are confident in Bitcoin than any other coins out there.

mudiko

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The answer is simple. Bitcoin is widely used and it is what makes bitcoin more valuable than other crypto-currencies. Bitcoin is better tested on higher volumes and in a longer period of time which makes bitcoin more trustworthy than other crypto-currencies. On paper it is easy to say that all coins are similar, but one line of bad code can be a huge disadvantage and the experiences with bitcoin made it clear that we would not have easily a major problem. To conclude coins don't really produce anything. Their value is based on trust and usage.

Bee Leb07

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Yes, that is an important factor buddy. Along with this, there has been many important factors as well. Like, i think you know now a days bitcoin has become a very popular cryptocurrency and a very helpful digital payment system than that of litecoin. Many people are becoming dependent in Bitcoin these days.

As a newbie, i think you should gather more and more knowledge about Bitcoin and then come to an controversial discussion about Bitcoin and Litecoin. Then, you alone can differentiate it and understand it more carefully. If you want to know more, follow this link. Then, it will be more clear to you.

Here is those links :

https://99bitcoins.com/bitcoin-vs-litecoin-major-differences/?gclid=CL_I44ah3tQCFQsEaAod0QEKfQ

https://en.wikipedia.org/wiki/Bitcoin

Gouverne

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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?

Topic: Long term argument for bitcoin - page 25. (Read 5962 times)