What makes Bitcoin new from Other coins - page 2.

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Quote from: uche6215 on November 25, 2024, 01:57:49 AM

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

Bitcoin is the startup of the crypto market which have increased the adoption with time. We could even see the price going bullish more why other coins keep ranging. Bitcoin has huge control of the market which has made it incomparable with other coins. Have you noticed recently when the price of Bitcoin was going up, other coins were ranging and even some were dropping in price. This is because many investors are selling their altcoins to buy Bitcoin because of the way the price of Bitcoin was moving. We could see more of these instances soon so I think we should get prepared for the price continuation which is going to exceed $100K.

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Quote from: Z-tight on November 30, 2024, 08:37:07 AM

Quote from: legiteum on November 30, 2024, 02:51:23 AM

Bitcoin is only valuable because it was first. But this advantage is fading and it will continue to fade.

Lol, saying BTC is valuable only because it was the first successful cryptocurrency is so wrong, i don't even know how you came to such a conclusion. BTC may not be the cheapest or fastest crypto to use, but it is the safest, unlike many centralized coins that claim to be 'fast', meanwhile tx's remain mutable even after a very long time.

BTC is decentralized, censorship resistant and its tx's are immutable once confirmed. I don't know if you are trying to promote some of the coins you just mentioned, cause i don't even know what haypenny is, well it is up to you.

Other currencies don't "claim" to be "fast", they are in fact thousands of times cheaper and faster to transact in some cases--and as I said above, some can scale to handle every single daily transaction on the planet, not just the tiny fraction Bitcoin can.

Transactions in all viable financial systems are immutable. I don't know where people get this idea that transactions in other systems are simply erased, because they aren't. That's not how any other currency works, nor any other financial system.

Bitcoin is not particularly "censorship resistant" these days because of chain analysis, and it is far outpaced by Monero and others like it in this regard. But most people are not criminals and/or not not want to get in trouble with their government, so 99.9% of people simply don't care about "censorship resistance"--which is demonstrated by the fact that so many use brokers and apps and KYC to get and hold their Bitcoin.

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Quote from: uche6215 on November 25, 2024, 01:57:49 AM

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

What makes it different are two facts.

1.- Decentralization: Since Bitcoin is decentralized and there is no bank or a business behind it, there is no one with full control of the project, that means the decision are made by the community and most user need to be agree to make any change on it.
2.- Limited Stock: Bitcoin is a finite element, and that will make his value only go up in the future, because more people will want to have more bitcoins while there will be less bitcoins in the market.

Z-tight

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Quote from: legiteum on November 30, 2024, 02:51:23 AM

Bitcoin is only valuable because it was first. But this advantage is fading and it will continue to fade.

Lol, saying BTC is valuable only because it was the first successful cryptocurrency is so wrong, i don't even know how you came to such a conclusion. BTC may not be the cheapest or fastest crypto to use, but it is the safest, unlike many centralized coins that claim to be 'fast', meanwhile tx's remain mutable even after a very long time.

BTC is decentralized, censorship resistant and its tx's are immutable once confirmed. I don't know if you are trying to promote some of the coins you just mentioned, cause i don't even know what haypenny is, well it is up to you.

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Quote from: uche6215 on November 25, 2024, 01:57:49 AM

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

There are many things that make bitcoin stand out because it has high trust from the public and of course has a unique system than altcoin. In addition, altcoin appeared after bitcoin, and altcoin as an alternative asset besides bitcoin even though altcoin has much better features compared to bitcoin but that does not change people's trust in bitcoin.

In addition, the majority of altcoins have an unlimited supply, this is certainly very different from bitcoin which has a limited supply of 21 million bitcoins. Actually there are many more things that stand out from bitcoin, but what is clear is that bitcoin is an asset of the future and this has been proven that bitcoin has survived for a long time and even become a rare asset. If we also look at the journey of crypto, if we remember how many times altcoins have appeared that are predicted to be able to outperform Bitcoin with their technology, but until now Bitcoin remains at the top.

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Quote from: betswift on November 29, 2024, 06:29:08 AM

Quote from: fuguebtc on November 29, 2024, 06:12:29 AM

In theory, the decentralized nature of bitcoin allows us to become our own banks without having to rely on third parties. Additionally, bitcoin's original goal was to be a peer-to-peer currency but with a finite supply, making it also usable as an inflation hedge . But with what's going on, bitcoin is an investment so it's also subject to manipulation through pump and dumps by whales and sharks, not just altcoins .

But luckily , it still gets pumped and dumped but its decentralized nature remains intact so people's faith in it never fades. So, it can be stated that what makes bitcoin different from other altcoins is its decentralized nature .

BTC became too big to pump and dump. It's - the - king and the most valued and reputable coin out there.
And it's the reason why it's trusted by nearly everybody in the space.
Probably till the end of crypto at all.
Cool

Cryptocurrency market, bitcoin is the biggest and most trusted market, I don't deny that. So it will be a little harder or require more effort to manipulate bitcoin but that doesn't mean it can't be manipulated.

Not to mention, even financial markets with capitalizations of up to tens of trillions of dollars are difficult to avoid manipulation without strict management by regulatory agencies. Meanwhile, crypto is almost an unregulated free market and with a market cap of $3 trillion, manipulation becomes easier. If Bitcoin was not manipulated, it would not be able to have such great volatility. Bitcoin is big but not as big as we think.

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Quote from: legiteum on November 30, 2024, 02:51:23 AM

Bitcoin is only valuable because it was first. But this advantage is fading and it will continue to fade.

Just because bitcoin was first doesn't mean it's valuable and will always be the top choice because we all tend to go for the best, not the first. Its decentralized nature makes it valuable. It may not be the perfect currency or payment method when compared to some altcoins. But with its decentralized nature and scarcity, it is actually useful as your own bank, a store of value.

There is no denying that with the rise of altcoins, bitcoin dominance has decreased somewhat but that does not mean it will continue to decline until it loses its dominance. Bitcoin dominance has been stable for years at over 50% of the market and I think this number will continue to be maintained as governments and institutions are focusing on Bitcoin more than any altcoins.

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Quote from: Z-tight on November 30, 2024, 02:27:22 AM

Utility is what makes BTC different from other coins, there are so many cryptocurrencies in the industry, but many of them have no utility or any real world use, people simply buy them and hope on hype to make money out of it, you are not even expected to store such coins for a long time, if not you'll be left holding a useless coin that may never rise again. BTC has its real world use, and that is what gives it value and places it above other coins.

Bitcoin's utility is... terrible. It is extremely expensive and extremely slow to transact. And it will never scale to even a tiny fraction of the world's daily transactions.

If usability is the metric, the best currencies are XRP, HBAR and Haypenny currencies. These are 10, 100, and 1000 times faster and cheaper than Bitcoin respectively. And only Haypenny has been designed to handle all of the world's daily transactions.

Bitcoin is only valuable because it was first. But this advantage is fading and it will continue to fade.

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Quote from: Taskford on November 29, 2024, 04:57:24 PM

Quote from: Outhue on November 29, 2024, 03:50:34 AM

Quote from: tread93 on November 29, 2024, 01:24:50 AM

Quote from: uche6215 on November 25, 2024, 01:57:49 AM

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

First off Bitcoin is King. Bitcoin is the first ever crypto, it holds and has always held the largest market share of any crypto and it is not controlled by any central authority but instead ran by a complex distributed network of nodes. Read The Bitcoin Standard by Saifedeen Ammous

Nothing new with Bitcoin.

It is not the first digital currency, but it is the first successful one.

It is also the most accurate when it comes to decentralisation, it stick to been true decentralized, unlike many others, and this is what attract me to Bitcoin in the first place, it was the reason why I never doubt its surviving in this world.

Now that even the centralised organization want every piece of Bitcoin, I guess its success is just starting now, if a country manages to use BTC for reserve then many countries will follow..

This coin eCash, B-money, Bit Gold, and Hashcash before Bitcoin.

Good reference https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/ for people misguided about which cryptocurrency created first so they would not think bitcoin is the first ever one created.

Its just many got fascinate on the idea of bitcoin that's why this became the oldest surviving coin ever exist until today. For sure with the presence of those big institution on Bitcoin I guess we can really see it go more further and hit new highs.

Ah yes, but before all those developments certain internet backnones wete just not in place yet to facilitate any of them being rendered successful, there were just two many limitations. No though with the stars aligned it’s a prettty sweet set up and I wish I had more!

Z-tight

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Utility is what makes BTC different from other coins, there are so many cryptocurrencies in the industry, but many of them have no utility or any real world use, people simply buy them and hope on hype to make money out of it, you are not even expected to store such coins for a long time, if not you'll be left holding a useless coin that may never rise again. BTC has its real world use, and that is what gives it value and places it above other coins.

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Quote from: uche6215 on November 25, 2024, 01:57:49 AM

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

Hmm I think it's the first that becomes a successful digital asset and the first cryptocurrency that stands out, and one of the most reliable and trusted these days. It has a fixed supply of 21 million coins, making it scarce like gold.

Unlike most altcoins, Bitcoin is fully decentralized with no company or leader controlling it. Its network is super secure and has never been hacked. People also see it as digital gold, more for storing value and now this is the leading investment that will gave you a lot of opportunities.

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Quote from: Oshosondy on November 25, 2024, 02:20:25 AM

. Having no known creator which makes it to look natural unlike the altcoins that has known creators.

— That always brags, some coins getting rug pulled by the owners, or once an owner get a legal problem or any issue, the coin's value is affected, of course this includes those good decision of the owners to pump the coin, Bitcoin doesn't have that setbacks. And that does make it more unique than those alts and tokens.

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Quote from: Outhue on November 29, 2024, 03:50:34 AM

Quote from: tread93 on November 29, 2024, 01:24:50 AM

Quote from: uche6215 on November 25, 2024, 01:57:49 AM

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

First off Bitcoin is King. Bitcoin is the first ever crypto, it holds and has always held the largest market share of any crypto and it is not controlled by any central authority but instead ran by a complex distributed network of nodes. Read The Bitcoin Standard by Saifedeen Ammous

Nothing new with Bitcoin.

It is not the first digital currency, but it is the first successful one.

It is also the most accurate when it comes to decentralisation, it stick to been true decentralized, unlike many others, and this is what attract me to Bitcoin in the first place, it was the reason why I never doubt its surviving in this world.

Now that even the centralised organization want every piece of Bitcoin, I guess its success is just starting now, if a country manages to use BTC for reserve then many countries will follow..

This coin eCash, B-money, Bit Gold, and Hashcash before Bitcoin.

Good reference https://www.investopedia.com/tech/were-there-cryptocurrencies-bitcoin/ for people misguided about which cryptocurrency created first so they would not think bitcoin is the first ever one created.

Its just many got fascinate on the idea of bitcoin that's why this became the oldest surviving coin ever exist until today. For sure with the presence of those big institution on Bitcoin I guess we can really see it go more further and hit new highs.

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Quote from: Adams0001 on November 29, 2024, 10:41:11 AM

Bitcoin has more value than other coins, which distinguishes it from other coins and shicoin. Bitcoin has helped many people, because some who did not think they would be wealthy now, but because of Bitcoin their lives have changed from bad to good, and as Bitcoin's value rises, that is how he will be increasing and no coin can pass Bitcoin, because many coins attempt to overtake Bitcoin but all fail because they cannot because Bitcoin has a larger market cap than others. You will only invest in Bitcoin, so you will not be discouraged from putting your money to it.

If you have read about bitcoin and studied it well, your mind will always tell you that bitcoin is the best coin in the world, and there is no any coin that can compete with it. Anyone who is investing in other coins but does not have bitcoin in their portfolio is simply risking their money, as only bitcoin can reduce your risk in crypto. Any other coins are only for the time being and should not be trusted because the price may fall and you will lose all of your funds.

Honestly, being the first allowed it to be the most trusted as well, and then it never had any issues, never been hacked directly, sure you can be scammed out of your money, but your bitcoin wallet won't get hacked, maybe keylogger and what not if you are not careful with what you are downloading, or phishing if you do not check which website you are going into, but that's it, never directly.

Never been frozen, never had security risks, basically it was first but it was also the best. Look at all the other ones, ETH had issues, SOl had issues, BNB had issues, all of them had issues along the way, bitcoin never did. It might be slow and expensive compared to others, and that's something we should work on, but that allows it to be safer than all the others as well. Look at the mining power, the hashrate that bitcoin has right now, that is providing security to us, think of that as soldiers, and the number is growing every single year, making it even more protected.

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Quote from: Accardo on November 28, 2024, 12:12:19 AM

Quote from: AprilioMP on November 27, 2024, 04:04:26 PM

Bitcoin becomes a coin that makes other coins created. I feel you understand what I mean this so I can say that Bitcoin is not a new one and there is no altcoin that can equate all the advantages possessed by Bitcoin.
Regarding what makes Bitcoin different from other alternative currencies, in this forum discussion like this has been widely opened and if you try to enter keywords in the Google search section, there will be many articles that you can read.

Additionally, Bitcoin affects the price of all other crypto, a sign that most of them came from the btc Blockchain. Which is the main use case of the coin. The tech hasn't failed ever since it was launched, it runs on its own. No board of trustees, no CEO, but it's still successful. Bitcoin does the most work in all the cryptocurrencies, that's why every other coin follows its movement.

I don't generalize, I mean since Bitcoin is popular because the price has reached ATH several times in each cycle, many people have put forward their views on Bitcoin in terms of price so they will complain and will respond negatively quickly when there is news related to Bitcoin.
For Bitcoin owners who see Bitcoin from a larger scope, then they are very grateful to the creator of Bitcoin. Because Bitcoin they can get many benefits that are not available in the fiat financial system.

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Quote from: Rockstarguy on November 29, 2024, 06:38:47 AM

Quote from: uche6215 on November 25, 2024, 01:57:49 AM

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

The value and potentials of bitcoin will always make bitcoin to be different and new from other coins. Every other coins tries to imitate bitcoin but they always end up becoming shitcoins and all these coins are common in potential, because of the potentials they are different from bitcoin.

Bitcoin has good a value for investment and it is very reliable to invest your money in it. Altcoins can't be consider as an investment because they are not certain and very risky investment that there are high chances of losing your money. Bitcoin will always be the talk for the day because of its values, decentralisation, reliability.

Exactly, Bitcoin has more value than other coins, which distinguishes it from other coins and shicoin. Bitcoin has helped many people, because some who did not think they would be wealthy now, but because of Bitcoin their lives have changed from bad to good, and as Bitcoin's value rises, that is how he will be increasing and no coin can pass Bitcoin, because many coins attempt to overtake Bitcoin but all fail because they cannot because Bitcoin has a larger market cap than others. You will only invest in Bitcoin, so you will not be discouraged from putting your money to it.

If you have read about bitcoin and studied it well, your mind will always tell you that bitcoin is the best coin in the world, and there is no any coin that can compete with it. Anyone who is investing in other coins but does not have bitcoin in their portfolio is simply risking their money, as only bitcoin can reduce your risk in crypto. Any other coins are only for the time being and should not be trusted because the price may fall and you will lose all of your funds.

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Quote from: uche6215 on November 25, 2024, 01:57:49 AM

With the attention given to Bitcoin lately much people are gradually buying into the idea of Bitcoin as it has really changed the narrative and This made me think and ask what is really different about Bitcoin that makes it different from other alternate coin?
Let have your view concerning what makes Bitcoin stand out from others?

The value and potentials of bitcoin will always make bitcoin to be different and new from other coins. Every other coins tries to imitate bitcoin but they always end up becoming shitcoins and all these coins are common in potential, because of the potentials they are different from bitcoin.

Bitcoin has good a value for investment and it is very reliable to invest your money in it. Altcoins can't be consider as an investment because they are not certain and very risky investment that there are high chances of losing your money. Bitcoin will always be the talk for the day because of its values, decentralisation, reliability.

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Quote from: Ruttoshi on November 29, 2024, 04:26:31 AM

Bitcoin is still what it's since creation, is just that due to the problem it solves has made a lot of people adopt it, and believe in it as a store of value and a hedge against inflation because the price increases overtime.

Altcoins are the opposite of bitcoin, and majority of them were created by the dev for pump and dump. Whereas, bitcoin was created to help people from government financial entrapment and be your own bank.

Though in the end, both alts and BTC are used for the investment sphere, especially by institutions.
So BTC has noble intentions indeed, at least there are more of them than in other coins, but still - its adoption and overall progress are tied towards bigger entities due to them being the ones that regulate stuff.

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Quote from: fuguebtc on November 29, 2024, 06:12:29 AM

Quote from: Ruttoshi on November 29, 2024, 04:26:31 AM

Bitcoin is still what it's since creation, is just that due to the problem it solves has made a lot of people adopt it, and believe in it as a store of value and a hedge against inflation because the price increases overtime.

Altcoins are the opposite of bitcoin, and majority of them were created by the dev for pump and dump. Whereas, bitcoin was created to help people from government financial entrapment and be your own bank.

In theory, the decentralized nature of bitcoin allows us to become our own banks without having to rely on third parties. Additionally, bitcoin's original goal was to be a peer-to-peer currency but with a finite supply, making it also usable as an inflation hedge . But with what's going on, bitcoin is an investment so it's also subject to manipulation through pump and dumps by whales and sharks, not just altcoins .

But luckily , it still gets pumped and dumped but its decentralized nature remains intact so people's faith in it never fades. So, it can be stated that what makes bitcoin different from other altcoins is its decentralized nature .

BTC became too big to pump and dump. It's - the - king and the most valued and reputable coin out there.
And it's the reason why it's trusted by nearly everybody in the space.
Probably till the end of crypto at all.
Cool

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https://coincircle.com/l/lvLor-PX1w

Topic: What makes Bitcoin new from Other coins - page 2. (Read 1168 times)