Topic: Newbie Question: Bitcoin Vs. Other Cyptocurrency (Read 264 times)

According to what i know on watching youtube about bitcoin.
Bitcoin was started in a simple way and few people have interest to bit coin. Bit coin was the first coin created and years pass by other coins followed. That was the time there was bit coin and alternatives coin. Actually ethereum is altcoin.

I think the main edge of BTC is that it was the pioneer of all cryptocurrencies. Also, most people know more about bitcoin than other cryptocurrencies that are now existing nowadays.

Bitcoin is the king of cryptocurrencies  and all other crypto  is called alternative  currencies, in short  called altcoins. Bitcoin has been in the system  for long and considered as safe  haven than altcoins.

Is it true that Tron is a shit coin?? why is going tu dump and dump after one long jump?
 
Please Guide
Thanks!

As said, BTC is the "GOLD" of crypto world. And I think ETH is the "US DOLLAR" of crypto world.

"GOLD" is not convenient for daily use, but for reserve.

But we use "US DOLLAR" as currency.

So for my opinion, we can hold some BTC, and should buy more ETH. 

The advantage of bitcoin is that it is the first and most famous of all. Today there are many more promising cryptocurrencies, such as Ethereum.

Cryptocurrencies can be quite puzzling. It makes you ask questions like "What are they?", " Are they new way to pay things online?" Or "Can they be really promising?" Such queries aren't easy to answer because there are lots of cryptocurrencies out there having differences among others. But to answer your question, let's just focus on Bitcoin and Ethereum.

Their existence or age is the most obvious difference. Bitcoin was first introduced as the very first global cryptocurrency in 2009 while Ethereum is much younger, showing up in the year 2015 as an alternative.

Bitcoin, in terms of store value, is note advantageous. It has proven itself as the most valuable coin in the world and the precursor of the cryptocurrency development. It is more recognized and makes it easier to buy, store, and sell. But it doesn't mean that Ethereum have been ineffective. Though it is young, Ethereum has been one of the most popular.

Being a transactional medium, bitcoin has the less advantage. Although bitcoin is better at storing value than Ethereum, Ether and has quickly become a preferred method for transferring wealth. Ether transactions tend to be confirmed quicker by the blockchain. Transaction fees are also far lower.

Both bitcoin and Ethereum have their advantages and like most other cryptocurrencies, which one is right for you depends on your financial situation.

If you want to buy in to the most proven cryptocurrency with more developer support, bitcoin is the one for you. Just remember, if you want a big return on what you're putting into it, you need to be very patient.
If you want to make more regular transactions, Ethereum is much more manageable.

Just a piece of advice: If you want to put money into bitcoin or Ethereum (or others), do your research first. This is still a young venture and the future of any of them is far from certain.

Bitcoin is the alpha dog and alts are the puppies playing in his yard. The only safe time to play in his yard is when the big dog is happy (horizontal price). When the big dog is hungry (price goes up) the little puppies get eaten and when the big dog is angry (price goes down) then the little puppies could get bitten, therefore it’s time to get out of his yard!

Bitcoin is old, but gold (they say). However, it has become too expansive to difficult to acquire because it has become too popular. That's why I would rather refrain from BTC and rather focus on the altcoins (other cryptocurrencies), because they are easier to learn and handle! 

Eth is very different from other currencies. Eth allows for smart contracts. With Eth you can attach and send tokens. The tokens rely on the eth network to work and use the same eth address. Many tokens are available and people seem to create tokens instead if coins these days. Have a look in the altcoin section for more info.

Wow.. thank you all for the relevant responses.. i see now that those altcoins like ethereum has improved features compared to bitcoin so maybe in the near future it may come into place to the bitcoin now... Maybe ill do some research more on other altcoins to better understand the cryptocurrency market.. thanks guys

Bitcoin is a poor currency in that it cost too much to transact with small amounts of money and can be seen as more of a gold like investment.  Upgrades in bitcoin are sent as formalized proposals known as BIPs  and are either accepted or rejected by the core development team.  This keeps bitcoin very stable and slow to improve.  

Here's four types

Pure currency projects have been created to solve some of what bitcoin is lacking, such as anonymity, speed of transactions, cost of transactions,  mining efficiency, etc...  Some examples are zcash, monero, raiblocks, smart cash.

Platform Projects allow for a new breed of decetnralized and/or autonomous applications to be built on top of the core application.  Ethereum, Waves, Lisk, IOTA, etc...

Token projects create a token to use to pay for services inside the platform such as data storage or web hosting.

Security tokens mimic a security.  Many companies are launching ICOs purely for fundraising to avoid the traditional IPO process.

to me bitcoin as one is an old man and this old man will be replaced by the better altcoin it raises only one reason is that want to buy altcoin then need bitcoin

Yes, and every dip alts crash more. But every rise alts rise higher. Usually

The bitcoin has one feature, store of value whereas Ethereum was created to be more than that. It is supposed to be a supercomputer. Ethereum is a platform where you can create other dapps. Every good coin has its unique feature. Monero is a private coin, IOTA is a coin for internet of things, etc. You see, they are all different.

still i see when Bitcoin price goes High all the other coin goes High  and when Bitcoins down all other coins down too 

hello also newbie here, how many post until we can post on other thread ?

Technically Szabo's proposed 'Bit gold' came first, but Bitcoin is the actual implementation of that vision- 10 years after the idea was floated. Bitcoin is probably also not going to stay as the grand old man unless the Tx fees come down and the speed goes up. But BTC is still the King.

BTC is the original cryptocurrency that uses a new distributed ledger known as the blockchain. However, there are a lot of other altcoins on the rise that are worth looking into.

I think bitcoin is good for the long run> But if you want to trade and have several coins I would suggest DeepOnion and Neo as well< Good luck

The advantage of bitcoin is it has more investors than other crypto because of being bitcoin is already proven and good for long term investment. Most countries that don't declare bitcoin as illegal accept it already and also most crypto national wallet bitcoin is the only crypto which is exchangeable into fiat money.

Hi i'm still the same person posted a separate thread regarding this matter but I got no replies yet. Is it true that Bitcoin is good for long-term investment while other altcoins are for short term ones. Why is that so?

Comparing the above 4, I would suggest you to invest in the Ethereum, because they have the real potential to beat the Bitcoin and the other cryptocurrencies. Also when you have Ethereum, you can also buy the ICO tokens that is supported by the Ethereum. These ICO tokens themselves act as a cryptocurrency.

Other cryptocurrencies are different from bitcoins because they are based on something that is tangible but bitcoins is not. For instance most ICOs are crypto currencies but they got their value from the startup company that created the tokens.

Bitcoin is the king of cryptocurrency world. It is the major one. But in the future other alternative coins like eth,xpr.... will come to the bitcoin's place.

i think most people know bitcoin, but i think more altcoins much better than bitcoin, has more purposes, especially ethereum.

Oh i see... Thanks guys

I know many people begins maining bitcoin gold. Cause it's mainong through video card

The only command thing between btc and eth is blockchain technology. Btc is a crypto money while eth never made for this purpose. There are technical differences between these two you may google it. From investment perspective you should choose which is going to give you better return and in my opinion eth is undervalued currency.

Bitcoin is a pioneer, is the most known cryptocurrency in the world. Almost all of the cryptocurrencies use bitcoin as a measure of value.

Hi guys, newbie here... I'll just wanna ask what is the advantage of bitcoin compared to ethereum and other cryptocurrencies? I am not familar with other cryptocurrencies by the way... Any response is highly appreciated. Thanks