Topic: Which cryptocurrency comes close to bitcoin? (Read 623 times)
Bitcoin is the first cryptocurrency for capitalization and it has the biggest community of users. Ethereum is the second cryptocurrency for capitalization. It has a big community and a lot of projects located on Ethereum blockchain.
Nothing beats out the king of crypto or father on all of them but we know that we cant really be having that assurance on what the future holds because everything would really be depending or basing up on community demand and if the community decides that they would really be switching up on other project but it is really that hard to know on what are the future developments and changes that we do have on next years to come.
Coins that next to Bitcoin? We could always check out CMC. lol.
This is why it would really be that wise on making up some acts about diversification on other altcoins or projects in the market.So that on the time that there would be some possible flippening then
you would really be able to save up yourself on losing that much specially if you do make out that all in on a single point but well we cant really blame them out considering
that Bitcoin is the king of all crypto and there's no doubt about into its potential.
Coins that next to Bitcoin? We could always check out CMC. lol.
This is why it would really be that wise on making up some acts about diversification on other altcoins or projects in the market.So that on the time that there would be some possible flippening then
you would really be able to save up yourself on losing that much specially if you do make out that all in on a single point but well we cant really blame them out considering
that Bitcoin is the king of all crypto and there's no doubt about into its potential.
One thing is sure that bitcoin is giving profit to its holders therefore people believe in crypto coin so when bitcoin become useless then there will be nothing to believe and no matter what Coin is next to bitcoin.
No one can manage the price of bitcoin but demands and supply have greater effects on the alteration of worth. So there is no guarantee that people will always give priority to it so when demands downs price will also downs.
Simple is that to utilize minimum amount and get the benefit whenever price is on increasing and never keep larger amount of money in Bitcoin.
Which blockchain could become just as decentralized as Bitcoin?
None. The closest Blockchain to Bitcoin was Ethereum but their recent change of protocol from PoW to PoS makes them more centralized since the network can controlled by top holders of Ethereum that includes the creator and the early investors itself while Bitcoin network is controlled by Miners were there’s no real majority hashrate holder.
Where could I store my assets in an emergency if there are no more bitcoins?
Hardware wallet! Eg. Trezor, Ledger etc..
Nothing comes close to being what bitcoin is & what it offers humanity, both now & in the future. Bitcoin is the single, greatest monetary innovation of our lifetime. Some people will profit handsomely from alts but no altcoin can compete with bitcoin as a combined package.
Bitcoin is the only constant and reliable cryptocurrency in the market and any coin that goes to compete with it is just a clone from the image of bitcoin. So what do we expect from altcoins but just trying hard to get as far as bitcoin when in reality, altcoins are bound to lose their value and end up as dead coins. That’s why I never care investing other than bitcoin but just focus on maximizing my portfolio with bitcoin.Also, the name and value that Bitcoin has earned for itself throughout all these years, no altcoin can ever reach that point no matter what it does. I know that we can't say anything about the future because anything can happen, for now, what we see, there is no match for Bitcoin regarding any property it has.
I agree with your statement that says bitcoin is a tool for storing wealth. therefore to increase the value of the wealth that you have, please continue to add your BTC ownership as good capital in the future
Would Cardano come close to Bitcoin in terms of decentralization? ( by using artificial intelligence and machine learning )
Would they have to switch to Proof of Activity for this?
Would they have to switch to Proof of Activity for this?
I'm new here so I don't want to come on an offensive.
But its clear that cardano isn't a capable chain to actually do anything.
Others have mentioned Monero which, personally I believe to be superior to BTC for many reasons among them being superior architecture (XMR is private and fungible) along with more decentralized due to POW being asic resistant (though who knows if they can keep that up forever)
With that being said one I would like to add to the list is Kadena ($KDA)
Very similar to BTC but more scalable along with being one of the top (if not the best) smart contract platforms.
Where could I store my assets in an emergency if there are no more bitcoins?
None, because if there is no more Bitcoin, there will be also no altcoins, it means crypto era has been ended and died. For these reasons, I strongly believe that Cardano will take over the DApp market instead of Ethereum.
I can't deny that Cardano is a very potential project with a great dApp. However, I don't think that Cardano is capable of taking over ethereum's position in this regard. Ethereum has been very solid and bear. whatever their pros and cons, they still have a positive side that is more convincing.Would Cardano come close to Bitcoin in terms of decentralization? ( by using artificial intelligence and machine learning )
Would they have to switch to Proof of Activity for this?
This is too exaggerated, simply this is too exaggerated Cardano. Would they have to switch to Proof of Activity for this?
I just want to find a secure and decentralized alternative to bitcoin
Which blockchain could become just as decentralized as Bitcoin?
Where could I store my assets in an emergency if there are no more bitcoins?
-cut-
With the Spot ETF, large asset managers such as Blackrock or Fidelity will grab a lot of Bitcoins.
What is left for us then?
Exactly as good as nothing!
What? Why would big firms grab all the bitcoins and wouldn't sell them with insane profit? Why would they just hold them? That doesn't make any sense.Which blockchain could become just as decentralized as Bitcoin?
Where could I store my assets in an emergency if there are no more bitcoins?
-cut-
With the Spot ETF, large asset managers such as Blackrock or Fidelity will grab a lot of Bitcoins.
What is left for us then?
Exactly as good as nothing!
Ethereum:
Currency will be CBDC or USDC/USDT, as stupid as it sounds, most people let governments guide them and that's why I'm pretty sure most people will use CBDC.
CBDC are created by smart contracts, and there are already some CBDC that will run on Ethereum.
I think Ethereum will dominate the currency industry, the blockchain is in eyes of the government perfectly suited for this.
I also think Ethereum will never bee decentralized as Bitcoin.
Currency industry? What that even is? CBDC doesn't equal eth. And pilot programs in eth doesn't mean it will catch on and get widely adopted. There are ton of security and privacy issues with that.Currency will be CBDC or USDC/USDT, as stupid as it sounds, most people let governments guide them and that's why I'm pretty sure most people will use CBDC.
CBDC are created by smart contracts, and there are already some CBDC that will run on Ethereum.
I think Ethereum will dominate the currency industry, the blockchain is in eyes of the government perfectly suited for this.
I also think Ethereum will never bee decentralized as Bitcoin.
And you are not providing any reasoning why eth isn't going to be as decentralized.
Cardano:
They are working on one of the most secure blockchains.
They proceed scientifically before there are changes in the blockchain.
They are working on one of the most secure blockchains.
They proceed scientifically before there are changes in the blockchain.
That's quite a bold claim. And it's obvious now that you came to shill ADA here, which is funny as it seems you dess bitcoin and eth without knowing the basics of them.
Big companies grabbing Bitcoin doesn't mean there will be nothing left for us. This is where satoshis will help. Because of the high demand for Bitcoin in the market, even your 1 satoshi will have a great value in the future. You don't really need to buy loads of Bitcoin if you can't, you just need to buy a part of it.
Yes, I do believe there are also great projects out there but the support will always be the trouble here. With so many different coins being created, the money is divided instead of focusing on just a small amount and bringing their value up. Even if you pinpoint the best one, it won't be easy pumping it's value up at this era where cryptocurrency creation became a norm for an average dude.
Yes, I do believe there are also great projects out there but the support will always be the trouble here. With so many different coins being created, the money is divided instead of focusing on just a small amount and bringing their value up. Even if you pinpoint the best one, it won't be easy pumping it's value up at this era where cryptocurrency creation became a norm for an average dude.
In the aspect of recognition, i gues BNB and Ethereum is more known by crypto users and a lot of people most invest in those two coins. If I am looking for altanative coin to invest, then I will go for BNB and Ethereum and some few meme coins.
I just want to find a secure and decentralized alternative to bitcoin
Looking for a safe alternative to bitcoin among altcoins? That's foolish, to say the least. No altcoin can give you as much security as bitcoin. Not a single one. All altcoins are centralized because they have developers, they have core investors who invested in the cryptocurrency in the earliest stages of development. These people often control the entire ecosystem and the circulating supply of coins. What kind of security and decentralization are you talking about? You are trying to look for unicorns and phoenixes among cryptocurrencies. They don't exist.
I see people saying that nothing else comes close to Bitcoin and I don’t really believe that is true. I believe there are many superior coins out there that do a better job than Bitcoin.
Oh, I thought I was the lonely one with such a thought.I believe ETH has better utility than what Bitcoin offers. It has advanced this industry more than Bitcoin and every other alts. Let's not even go into its contract utility which Bitcoin doesn't have. However, I think what seemed to have given Bitcoin that edge is the pseudonym anonymity of ownership and its decentralized nature. These two have endeared it to a very strong and committed community. It's the fan base that has given Bitcoin the value of attraction.
No one’s gonna beat or even comes close to bitcoin. Although I must say there are a lot of altcoins released on a daily basis, but none of them has tried to go beyond the level of bitcoin. Simply because, their names are not even established and are not reliable in the long run. That’s why most investors still coming back to bitcoin where there are more secured and stable profits to expect in the future.
I agree with you, even though there are many altcoins that are claimed to have higher technology and functions than bitcoin I'm sure there will be no altcoin that can go beyond bitcoin. replacing ETH as the king of altcoins might be possible but to pass bitcoin seems impossible.It's given that Bitcoin is the top crypto and the basis of the whole market, no one can change that. If you are going to look at the altcoins you can see most of them are just trying to introduce a unique way to enter the market and the hype of airdrop seems effective. ETH will be my next option aside from BTC.
No one’s gonna beat or even comes close to bitcoin. Although I must say there are a lot of altcoins released on a daily basis, but none of them has tried to go beyond the level of bitcoin. Simply because, their names are not even established and are not reliable in the long run. That’s why most investors still coming back to bitcoin where there are more secured and stable profits to expect in the future.
I agree with you, even though there are many altcoins that are claimed to have higher technology and functions than bitcoin I'm sure there will be no altcoin that can go beyond bitcoin. replacing ETH as the king of altcoins might be possible but to pass bitcoin seems impossible. 
No one’s gonna beat or even comes close to bitcoin. Although I must say there are a lot of altcoins released on a daily basis, but none of them has tried to go beyond the level of bitcoin. Simply because, their names are not even established and are not reliable in the long run. That’s why most investors still coming back to bitcoin where there are more secured and stable profits to expect in the future.
Bitcoin and altcoins have become very different things. Bitcoin has several specifications that are impossible to imitate; it has a very limited supply and very high demand and is very difficult to get, so it has a very expensive selling price; whereas if it's an altcoin, not everyone wants to use it because not all platforms accept payments using altcoins and the risk is higher than Bitcoin. legendary
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Well, i still do not believe that any altcoin comes close to being as decentralized as bitcoin, not Ethereum, not Cardano, not any, if there be any coin to liken to as being close to the decentralized nature of bitcoin, i did have to mention litecoin, though I don't know very much about litecoin, and neither am I holding any, but from the little ive read about it, i understand that its blockchain infrastructure is almost the same as that of bitcoin, so what other coin can we really trust to be completely decentralized like bitcoin is, if not that coin that is built on the same blockchain infrastructure bitcoin is built upon.
No one’s gonna beat or even comes close to bitcoin. Although I must say there are a lot of altcoins released on a daily basis, but none of them has tried to go beyond the level of bitcoin. Simply because, their names are not even established and are not reliable in the long run. That’s why most investors still coming back to bitcoin where there are more secured and stable profits to expect in the future.
I just want to find a secure and decentralized alternative to bitcoin
Which blockchain could become just as decentralized as Bitcoin?
Where could I store my assets in an emergency if there are no more bitcoins?
Bitcoin:
Bitcoin is not a currency that we will use for everyday, it is more like gold that will be used to store our wealth.
I don't think we're going to see much bitcoin in the future because big money managers and governments are going to grab bitcoin.
The BRICS currency is coming soon and it will be backed by commodities.
The most valuable commodity that can save the dollar is Bitcoin.
With the Spot ETF, large asset managers such as Blackrock or Fidelity will grab a lot of Bitcoins.
What is left for us then?
Exactly as good as nothing!
Ethereum:
Currency will be CBDC or USDC/USDT, as stupid as it sounds, most people let governments guide them and that's why I'm pretty sure most people will use CBDC.
CBDC are created by smart contracts, and there are already some CBDC that will run on Ethereum.
I think Ethereum will dominate the currency industry, the blockchain is in eyes of the government perfectly suited for this.
I also think Ethereum will never bee decentralized as Bitcoin.
Cardano:
They are working on one of the most secure blockchains.
They proceed scientifically before there are changes in the blockchain.
Cardano’s Proof of Stake also works a little differently than Ethereum’s.
They also focus on AI and ML.
They use one of the most difficult and safest programming languages.
There is no foundation that has the power like ethereum.
Hoskinson says Cardano will be 100x more decentralized than Bitcoin.
For these reasons, I strongly believe that Cardano will take over the DApp market instead of Ethereum.
Would Cardano come close to Bitcoin in terms of decentralization? ( by using artificial intelligence and machine learning )
Would they have to switch to Proof of Activity for this?
Which blockchain could become just as decentralized as Bitcoin?
Where could I store my assets in an emergency if there are no more bitcoins?
Bitcoin:
Bitcoin is not a currency that we will use for everyday, it is more like gold that will be used to store our wealth.
I don't think we're going to see much bitcoin in the future because big money managers and governments are going to grab bitcoin.
The BRICS currency is coming soon and it will be backed by commodities.
The most valuable commodity that can save the dollar is Bitcoin.
With the Spot ETF, large asset managers such as Blackrock or Fidelity will grab a lot of Bitcoins.
What is left for us then?
Exactly as good as nothing!
Ethereum:
Currency will be CBDC or USDC/USDT, as stupid as it sounds, most people let governments guide them and that's why I'm pretty sure most people will use CBDC.
CBDC are created by smart contracts, and there are already some CBDC that will run on Ethereum.
I think Ethereum will dominate the currency industry, the blockchain is in eyes of the government perfectly suited for this.
I also think Ethereum will never bee decentralized as Bitcoin.
Cardano:
They are working on one of the most secure blockchains.
They proceed scientifically before there are changes in the blockchain.
Cardano’s Proof of Stake also works a little differently than Ethereum’s.
They also focus on AI and ML.
They use one of the most difficult and safest programming languages.
There is no foundation that has the power like ethereum.
Hoskinson says Cardano will be 100x more decentralized than Bitcoin.
For these reasons, I strongly believe that Cardano will take over the DApp market instead of Ethereum.
Would Cardano come close to Bitcoin in terms of decentralization? ( by using artificial intelligence and machine learning )
Would they have to switch to Proof of Activity for this?
This seems that someone is trying to force te existance of a second best Bitcoin. There is no such thing. Bitcoin is unique and no oter coin comes close to it! All those things you wrote about the other shitcoins are kind of relative because all those coins miss one or other property that will make them fall somewhere in te future! That's what I think!
Nothing comes close to being what bitcoin is & what it offers humanity, both now & in the future. Bitcoin is the single, greatest monetary innovation of our lifetime. Some people will profit handsomely from alts but no altcoin can compete with bitcoin as a combined package.
Bitcoin is the only constant and reliable cryptocurrency in the market and any coin that goes to compete with it is just a clone from the image of bitcoin. So what do we expect from altcoins but just trying hard to get as far as bitcoin when in reality, altcoins are bound to lose their value and end up as dead coins. That’s why I never care investing other than bitcoin but just focus on maximizing my portfolio with bitcoin. 
I don't think there is any cryptocurrency which comes close to Bitcoin, because Bitcoin is the original source from where every other cryptocurrencies have been created, meaning they are all copies. And when you can make use of the original, why would you go for the copies?
But how can you say it's a copy when some of these altcoin are built on top of their own blockchain?Bitcoin is always likely to find competition in terms of its usability and decentralization - but it may not be easily rivaled if market dominance you're talking about. Everything can change at any time - it just depends on the crypto community and how it develops in the future. If there is something better than bitcoin in the future - then I'm sure bitcoin will be replaced by something else.
Altcoins aim to solve aspects Bitcoin hasn't been able to, but in fact they are more like speculative assets with groups of interest behind (developers).
Average as it is - but something different can be expected in the future.When another coin comes with more perfection than bitcoin - then I think bitcoin will lose interest.
So far bitcoin has managed to dominate the market due to the trust of its community - but the same can happen with other coins. We never know the future - that's why you should never put your money 100% in bitcoins.
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