Which cryptocurrency comes close to bitcoin? - page 2.

BitcoinPanther

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Quote from: uneng on July 23, 2023, 03:30:44 PM

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?

I also think the same since Bitcoin is unique and most altcoins are centralized due to the fact that the developer fully controlled them. In terms of world wide adoption, nothing comes close to Bitcoin but in market cap ranking the next thing that follows Bitcoin step is ETH and it Bitcoin is leading by miles aways.

Quote from: uneng on July 23, 2023, 03:30:44 PM

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). From times to times they lose adoption and new altcoins rise on the top positions of crypto market, while Bitcoin always stay on the top 1. You really can't compare anything to it, for your own good.

That should be the ideal but most altcoin launched with money grab intention in mind. See how many of these altcoin were launched collecting funds from unsuspecting investors?

uneng

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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?

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). From times to times they lose adoption and new altcoins rise on the top positions of crypto market, while Bitcoin always stay on the top 1. You really can't compare anything to it, for your own good.

Silberman

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Quote from: MFahad on July 23, 2023, 01:49:49 PM

I don't think that if bitcoin disappears then there will be other coins persists because during Bull and bear season the price of other coins are regulary fluctuates according to the ups and downs occurs in bitcoin price.

Bitcoin is a successful coin you must choose bitcoin but if you doubt that someday bitcoin will not be here to give us profit then you can choose gold because if bitcoin become disappear then all other coins will surely disappear too but gold is not related with bitcoin.

If bitcoin were to disappear, something incredibly difficult to happen due to the decentralized nature of bitcoin, then this means that a very serious problem was found on its code from which it is impossible to recover, so it is to be expected that under that scenario people will lose confidence on this market and all coins will crash all the way down to zero, so what to do for those which want to prepare against that scenario? Buying precious metals is a good option and any hard asset will most likely do a good job too protecting your capital.

usekevin

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Ethereum is the most preferable and profitable cryptocurrency in the market.Many coins come to the market with good potential,the example will be the ADA.But it doesn’t have a potential to replace the Ethereum.Ethereum had the strongest base since the bitcoin had his root into the market.The Ethereum was used as fee to many of the token in the past by the usage of ERC 20 address by the tokens.So Ethereum had huge demand the past and for now and like a queen of cryptocurrency.

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Quote from: MFahad on July 23, 2023, 01:49:49 PM

Quote from: Bitcoiner2023 on July 18, 2023, 12:29:15 PM

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?

I don't think that if bitcoin disappears then there will be other coins persists because during Bull and bear season the price of other coins are regulary fluctuates according to the ups and downs occurs in bitcoin price.

Bitcoin is a successful coin you must choose bitcoin but if you doubt that someday bitcoin will not be here to give us profit then you can choose gold because if bitcoin become disappear then all other coins will surely disappear too but gold is not related with bitcoin.

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.

GeorgeJohn

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Quote from: Bitcoiner2023 on July 18, 2023, 04:48:38 PM

I should stop looking too much into the future.

If it should really be the case that not so many bitcoins can be traded on the market, then there will definitely be good alternatives by then.

Speculating about this scenario now makes little sense, because there is currently enough Bitcoin to buy

Your suggestion is not corresponding with op point of view, what op Is asking is a cryptocurrency that is very close bitcoin, automatically what op needed is to be specific in a particular coin we assume that will be closed to bitcoin in future, so looking at numerous altcoins that you know and notice that In cryptocurrency industry the coin that is trying to meet a bitcoin standards is ethereum. But in cryptocurrency bitcoin is been mentioned as the father of all cryptocurrencies.

MFahad

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Quote from: Bitcoiner2023 on July 18, 2023, 12:29:15 PM

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?

I don't think that if bitcoin disappears then there will be other coins persists because during Bull and bear season the price of other coins are regulary fluctuates according to the ups and downs occurs in bitcoin price.

Bitcoin is a successful coin you must choose bitcoin but if you doubt that someday bitcoin will not be here to give us profit then you can choose gold because if bitcoin become disappear then all other coins will surely disappear too but gold is not related with bitcoin.

jaberwock

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Quote from: Smack That Ace on July 19, 2023, 04:05:20 AM

Bitcoin or cryptocurrency is a financial market where buying and selling will always take place because that is how traders make profits. Moreover, in the market, not everyone will buy and hold bitcoin, traders are still holding a larger market share than holders. So worrying about no more bitcoins to buy is absurd.

By the way, if OP is looking for a decentralized and secure cryptocurrency like bitcoin, you will be disappointed because there is no coin like bitcoin. All are centralized, including ETH or ADA you are referring to.

That is true and the trader will end up doing it as much as they can. The majority of the volume we see at bitcoin these days happen because traders end up buying and selling.

If you see the volume, do not consider that as something that would be like people finally buying bitcoin to invest, or people selling their bitcoin investment, yes that exists too but majority of it is just traders and that makes it harder to understand how much investment was made. In the end, we are going to face the reality that crypto is the best investment asset there ever was and that will help all of us at the same time. Of course it is not going to be easy at all, but it will not be impossible for it to happen neither, it is quite possible thing to achieve.

BenCodie

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The fact is that even if there were a cryptocurrency or blockchain that was similar to Bitcoin and just as decentralized, it would take years for it to become anywhere near as mature as Bitcoin and it would face the barrier on the fact that Bitcoin is already a viable decentralized and peer to peer cash system.

Kaspa exists, which is arguably a great solution alongside Bitcoin. It's aiming to do what IOTA failed to do, have functionality similar to that of Bitcoin and Ethereum on the same chain. The currency was distributed in quite a good way, it was not pre-mined and it has its own consensus protocol which focuses on privacy and is economically sound. It's an interesting concept...though as stated in the first post, the barrier for Kaspa and any coins like it, is that time will limit its growth as it needs time to mature and prove itself as a viable solution, as Bitcoin has thousands of times over.

CryptoHeadlineNews

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Quote from: Bitcoiner2023 on July 18, 2023, 12:29:15 PM

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.

I don't think that is true, because one thing you just need to understand is that the higher the adoption of Bitcoin, the more will it's price skyrocket so high so as to enable more people have access to it's limited supply in circulation. Because you can remember that 10yrs ago, 1 Bitcoin was around $1, of which had the price remain so, just only one person would have bought the whole Bitcoin, of which I'm sure by now bitcoin would have been a dead project, but for that not to happen, the price kept increasing as the demand for Bitcoin increased also.

So I strongly doubt if there will ever be a time when the amount of Bitcoin will never be enough

Afnan_faizah

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I think for now ETH is still the best altcoin which has many users. recently I often to check local exchange, and I realize that XRP market is very crowded. although I think it is just pump and dump activity but still it is provide traders chance to get profit. I don't expect any altcoin to surpass bitcoin, for now I only looking for altcoin which has good opportunity to grow and can survive in the market. most of my investment fund is in form of bitcoin and just less than 10% that in form of altcoin.

cheezcarls

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No way BTC will cease to exist and it will forever be there as long the computers and internets are here. No altcoin will ever beat Bitcoin.

Not even ETH can surpass Bitcoin in market capitalization. The truth is no other crypto that can come close to Bitcoin.

BTC is already the mother and the OG of all cryptocurrencies. Without BTC, there will be no altcoins, NFTs, etc., that exists today.

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Quote from: Xampeuu on July 21, 2023, 11:07:00 PM

Quote from: dansus021 on July 21, 2023, 08:05:51 PM

Quote from: fuguebtc on July 20, 2023, 10:20:00 PM

Even if ETH doesn't move to POS and doesn't have a burn mechanism, it's still a top altcoin and worth investing in. I don't think supply is too much of an issue for ETH based on what it brings to the market, keep in mind its potential and value are huge before it even has a token burn mechanism. But for comparison and as an alternative to bitcoin, both are not worthy because bitcoin is unique and no one can compare. Bitcoin's decentralization creates an unmatched security that no other altcoins can match.

Yes ETH is a promising project and maybe will be top of altcoin for long time since the chain can handle the smart contract and everyone can make their token there make the Ethereum is best altcoin in my opinion.

Tho of course it will not replace bitcoin, because bitcoin would be still king of crypto

as good as ETH is, I think it is difficult to replace bitcoin, and ETH will still be the king of altcoins, even though one day it can be replaced by other altcoins, but for now it might last for a long time. it is different with bitcoin, it seems that it is impossible for anyone to be able to shift it because bitcoin is a reference to existing cryptocurrencies. therefore for the bearish season the best investment that has minimal risk in cryptocurrency, is bitcoin

Admittedly, ETH is one of the best altcoins with almost no competition. I remember over the years, there were a lot of new projects that came out and always claimed to be ETH's killers, but so far, those projects are even harder to sustain in the market, let alone replace ETH. But just because it is at #2 on the CMC rankings and close to bitcoin, we can think it can replace bitcoin is not true. As of now, the decentralized nature of BTC is almost impossible to replicate by any altcoin, so no altcoin will be able to replace BTC.

MainIbem

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Quote from: KingsDen on July 21, 2023, 01:46:23 PM

Quote from: MainIbem on July 18, 2023, 12:55:41 PM

Quote

Where could I store my assets in an emergency if there are no more bitcoins?

And you think if there's no bitcoin other coin would survive??
I can say with all assurance that if there's no bitcoin today all other altcoin will fold up by dumping 99 percentage.

I read this and simply agreed with you, and then I scrolled pass. But on a second thought I returned to your comment and discovered that it is highly debatable.

It is a well known fact that bitcoin is the king of cryptocurrency and the market leader. Whenever it sneezes, other coins bow. By this, it means that if bitcoin vanishes, others coins will also
On a second thought, the blockchain is open for everyone and bitcoin code is also open. Don't you think that if anything happens to bitcoin today, the community can create something even more reliable than bitcoin. It all takes consensus.

So, I do not totally agree that if bitcoin disappears today (which is highly unlikely), other coins will die. They will all be affected, but a few will survive or new projects will emanate.

There is no doubt that any other could likely replace bitcoin but just as you have already mentioned, it will cause serious damage to entire crypto space for the king of the digital currency to sink. At first, people would likely secure their investment by converting their bitcoin to usdt or to any other Stablecoin out there. Even if any other project and upcoming project would replace bitcoin it may not be immediately as we think maybe could take time. But one thing for sure that market will be on -99 percent.

dezoel

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The basic purpose behind creating Bitcoin was for it to become an alternative and decentralized way for people to send and receive money instead of using traditional financial systems which are centralized and provide no privacy and anonymity at all, and when a currency can be used for the exchange of value, it can also be used for daily usage but only if it reaches the points where the whole world believes in it and become ready to accept it regardless of its current value and volatile nature.

So it basically can be used in our daily lives but we are not there yet, and people who use or would use CBDCs are those who believe fiat is the only trustable source and the traditional financial systems are the best, these people don't like Bitcoin and cryptocurrencies in general. I personally don't consider any coin to be even a close match to Bitcoin at all.

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Quote from: dansus021 on July 21, 2023, 08:05:51 PM

Quote from: fuguebtc on July 20, 2023, 10:20:00 PM

Even if ETH doesn't move to POS and doesn't have a burn mechanism, it's still a top altcoin and worth investing in. I don't think supply is too much of an issue for ETH based on what it brings to the market, keep in mind its potential and value are huge before it even has a token burn mechanism. But for comparison and as an alternative to bitcoin, both are not worthy because bitcoin is unique and no one can compare. Bitcoin's decentralization creates an unmatched security that no other altcoins can match.

Yes ETH is a promising project and maybe will be top of altcoin for long time since the chain can handle the smart contract and everyone can make their token there make the Ethereum is best altcoin in my opinion.

Tho of course it will not replace bitcoin, because bitcoin would be still king of crypto

as good as ETH is, I think it is difficult to replace bitcoin, and ETH will still be the king of altcoins, even though one day it can be replaced by other altcoins, but for now it might last for a long time. it is different with bitcoin, it seems that it is impossible for anyone to be able to shift it because bitcoin is a reference to existing cryptocurrencies. therefore for the bearish season the best investment that has minimal risk in cryptocurrency, is bitcoin

synchronym

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Quote from: MainIbem on July 18, 2023, 12:55:41 PM

Quote

Where could I store my assets in an emergency if there are no more bitcoins?

And you think if there's no bitcoin other coin would survive??
I can say with all assurance that if there's no bitcoin today all other altcoin will fold up by dumping 99 percentage.

Alt coin to bitcoin is always popular if there is no bitcoin then alt coin will be 100% closed. All of us who are involved with Bitcoin know that Bitcoin provides a lot of financial support in our lives, so we will never expect Bitcoin to run out all at once.

Emmanuelex

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Nothing will happen to Bitcoin, but just for the sake of diversification, there are others you can consider and Ethereum, which you already mentioned is a good choice. Cardamom is also good and I'm holding it in my wallet. Maybe you can hold Binance Coin (BNB), if you want.

There are so many decentralised coins in the market, just like Montero, Litecoin and the rest of them, but I don't own any of those right now.

dansus021

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Quote from: fuguebtc on July 20, 2023, 10:20:00 PM

Even if ETH doesn't move to POS and doesn't have a burn mechanism, it's still a top altcoin and worth investing in. I don't think supply is too much of an issue for ETH based on what it brings to the market, keep in mind its potential and value are huge before it even has a token burn mechanism. But for comparison and as an alternative to bitcoin, both are not worthy because bitcoin is unique and no one can compare. Bitcoin's decentralization creates an unmatched security that no other altcoins can match.

Yes ETH is a promising project and maybe will be top of altcoin for long time since the chain can handle the smart contract and everyone can make their token there make the Ethereum is best altcoin in my opinion.

Tho of course it will not replace bitcoin, because bitcoin would be still king of crypto

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Quote from: Bitcoiner2023 on July 18, 2023, 12:29:15 PM

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?

None of the cryptos you mentioned comes close AT ALL to bitcoin. Completely different technology. In many regards both are not at all decentralized.
Machine learning and AI to create decentralization? What kind of buzzword-joke is this? Don't fall for stupid ad-campaigns!

Suprisingly (or maybe not) among the thousands of shitcoins and tokens out there, maybe 0.1% if at all could be labeled as decentralized.
Personally I only know about Litecoin, which is extremely similar to Bitcoin with tiny advantages here and there (quicker blocks, slightly ahead against Bitcoin to implement new tech) and some bigger disadvantages (by a factor of at least 50x less hashing power -> much less secure), kind of just a Bitcoin clone that nobody is sure anyone really needs.
And then there is Monero. A true privacy coin, mostly decentralized and great ASIC resistanc mining algo.

I'd strongly recommend you stay with Bitcoin, though. Except for Monero XMR, which does indeed have some functionality Bitcoin is missing right now, there is no need for the other alt- (aka shit-) coins.

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