Topic: Which cryptocurrency comes close to bitcoin? - page 3. (Read 623 times)

That's true that no altcoin that can compete with bitcoin and when looking at it bitcoin is a good influence compare to any other coin and besides bitcoin can be call major coin in cryptocurrency why altcoin is the branch, when you are making comparison in altcoin that will similarly look like bitcoin in future and bitcoin will still pushing ahead others, the altcoin i should recommend or recognize is Ethereum, and that should be the best among other altcoin that have another potential as altcoin in cryptocurrency but you can't compare it with bitcoin potentials

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.

Bitcoin is Only Bitcoin, there has no competitor till now. But many coun are trying to come closer. I think Ethereum is one of the better coin who trying to come closer. And i believe It is possible to come closer for only by Ethereum. Its position 2nd on coinmarketcap. And it’s usability increasing day by day. Ethereums usability increasing so it will go more up there has no doubt. And many investor investing here and holding Ethereum for long time. So we can tell Ethereum comes close to bitcoin.

I have bad news for you, OP. Perhaps there is no safe and decentralized alternative to the bitcoin. Each currency has its creators, which directly negatively affects decentralization. Bitcoin is the only one of its kind and, in fact, there is nothing to replace it.

I will assume that Monero stands out from the rest of the crypto currencies and looks better than the rest due to the development of the project by the community, not the team, as well as mining on video cards (POW), which allows ordinary people to contribute to the existence of the project. What favorably affects the dispersal of capacities, in fact, this is decentralization.

I don't think ETH is close to the bitcoin (perhaps close to the coinmarketcap in terms of capitalization and current price), and Cardano is also not the best option in terms of decentralization.

Do you believe in the future of Cardano? Okay, so be it. It is not so much faith that is important here, but facts. And in fact, at the moment, this project has nothing to brag about in terms of decentralization, despite Hoskinson's statements.

To answer what you asked in the title, there is nothing.
When looking for a safe alternative, it is clear that there is nothing safer than bitcoin because when comparing bitcoin and altcoins, bitcoin is the safest.
The altcoins you listed do have a base that is actually large and still very much loved but when this becomes one of the comparisons that is safer than bitcoin I think the answer is no.
Instead of bothering to look for other alternatives if there is money why not be in bitcoin because this is the most appropriate thing.
Indeed, some people will argue about diseverification but when it is not too sure about the alternative why should it be forced anyway bitcoin is something worthy.

This is a 50-50 possibility. It just so happened that Bitcoin is the first one but that does not guarantee that this industry won't exist without it. And if we would base on the present, with the same condition, as long as there are no restrictions on the usage of this technology, I think people would move to other cryptos. Not unless the cause of this instance is issue directly to Bitcoin 'coz it would affect the demand as well towards other cryptocurrencies.

As we all know Ethereum is next to Bitcoin when it comes to the size of network. So more likely it would be the alternative to Bitcoin investment if you are looking for one.

Ummm OP, you want a decentralized currency...that is Bitcoin lol. Why would you want a bitcoin alternative to bitcoin?? The answer is Bitcoin of course. There is no alternative.

And I don't think you understand how currencies work. Yes, Bitcoin is a currency, not sure why you say it isn't. And it doesn't matter how much Bitcoin asset managers and the like scoop up, there are 2.1 quadrillion Satoshis, plenty to go around. And the more Bitcoin that investment firms scoop up the higher the price goes which means the less they can buy in the future. So this is not a problem and will never be a problem. There will always be bitcoin available, that's what the market is for. Every single second of every single day there will always be bitcoin available. You don't need to find a replacement for bitcoin, bitcoin is the replacement.


And no Cardano is not an alternative haha. It is not decentalized and it is not a currency. Never believe what the founder of an altcoin says. If you listened to founders of blockchains you would think every other blockchain is more decentralized than Bitcoin lol. They literally all say their token is more decentralized than Bitcoin, despite all of them being very centralized. It's all just marketing to try to convince you to buy into their altcoin. Cardano is a base token for an app network, just like Ethereum. It is centralized and PoS, not decentralized like Bitcoin. Also nobody uses Cardano haha. Hell, with all the ordinal crap on Bitcoin these days I wouldn't be surprised if Bitcoin has more 'Web3' activity than Cardano does haha.

There's pretty much only two things that matter in the cryptocurrency world. There's Bitcoin, which is money for humanity, and that is what you are looking for. And then there is Ethereum, which is an app network that may or may not succeed in the future, everything else are just small time projects at this point. There's a bunch of Ethereum contenders that don't do much, like Cardano. But even Ethereum is full of just a bunch of not very popular apps/tokens. The only reason why I say Ethereum matter is because it is the platform where most of these not very popular crypto projects are built, and that keeps it going. Ethereum is so far a success just because its where all the failures go. Cardano can't even say that.

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.

Bitcoin would be there even tho it would be more rare to get in the future. But as long as the exchange exist the liquidity would be there.

but if you want to diversify i would pick both of etherum and cardano because both are the long standing altcoin and community or dev keep develop the coin but i think the problem with eth is has unlimited supply rather than cardano but eth seems have burning mechanism so maybe it will be hit different

If I will only base it on the list, I will go for Ethereum.
We all know Ethereum got a different purpose than Bitcoin. Ethereum is popular because of smart contracts, while Bitcoin is for payment.
And another thing is the market cap, Ethereum is the 2nd highest market cap after Bitcoin so for me, there is a lot of money in Ethereum and for me, it is just showing that a lot of people trust Ethereum.

Ethereum's got some serious potential to catch up to Bitcoin. With its smart contracts and all that decentralized goodness, it's carving its own path in the crypto universe. Bitcoin's the OG, but Ethereum's like that ambitious little brother who's making big moves.

When it comes to cryptocurrencies like Bitcoin, there really isn't any.. Bitcoin is very uniquely one of a kind.  That being said, there's a reason there's countless cryptocurrencies out there, and that's because it's very easy to copy a blockchain...they are open source (at least some of them) so it's easy to get the code. 

Litecoin is the one I like in terms of "bitcoin like".  Charlie Lee I know and admire, and I think he works hard to make it "bitcoin lite", and isn't ever trying to replace bitcoin, but simply complement it. 

( I like Monero and ETH for very different reasons).

I disagree with your point of view.  If there is no Bitcoin, there will be another decentralized cryptocurrency that will function like Bitcoin.  Blockchain tech is inevitable.  It is bound to be created and discovered.  If the first decentralized blockchain is not named Bitcoin then it will be named something else and the same pattern will happen.  Besides, if there is no Bitcoin then the capital injected on Bitcoin will be dispersed to the altcoin market.  It is a matter of equilibrium.

Besides the scenario that he brings forward makes no sense at all, if for some reason bitcoin were to disappear then there will be no coin in which you will be able to keep your wealth safe, as I am sure that in that case all altcoins will disappear as well as most of them are basically just copies of bitcoin with a tweak or two, while the few that are original developments based on the bitcoin technology will still disappear due to the lack of confidence that investors will have at the time.

Some companies and governments already have Bitcoin, and I don't believe there will be a shortage in the market. According to what I've studied about supply and demand, if demand is low, supply declines, indicating that the price should be raised to avoid running out of supply. This is also true for Bitcoin. We can observe all of the transactions on Blockchain and we can compute in order to determine the marketcap or just look at the Coinmarketcap. If the market capitalization rises, so will the value.

Assume that the current marketcap of Bitcoin is doubled, and the value of Bitcoin is also doubled. So, instead of buying one Bitcoin, investor can buy half with his money.

In short, the higher the marketcap of Bitcoin the more it will become expensive. Therefore, there's always available Bitcoin in the market.

Firstly, bear in mind that different crypto currency exist for different purpose. Bitcoin serves as a decentralized currency, Electrum does same but is well known for NFTs.
While BTC has had to come up with ordinals to close the bracket on NFTs, an investment in BTC will yield a lesser fraction of profit compared to Electrum or SOL or any other Litecoin, dogecoin, shitcoin out there.

The advantage of why we hold onto BTC is its reputation for having remained consistent in service delivery, security of assets, upgrade of its network because of congestion survival of 3 halvings and the coming of the next halving.

Besides the advantages of BTC, Electrum comes close with a price value which went from about $11 to around $1,892, increasing 17,103%, while BTC is >= $29,807 with a growth of 5,861%.

But why? You won't be able to find anything similar to Bitcoin. No shitcoin can compare to King Daddy. All other cryptocurrencies were created to imitate Bitcoin and/or make their creators rich eventually. So it's impossible to find a secure alternative, it's only a matter of time when the rug will be pulled.

You really think so? I doubt that because something like Ethereum can't die because it's the mother of all smart contract on the blockchain, I know many alts are whacked nonsense but if Bitcoin goes down its true it will affect the whole market but some altcoins will survive, there is one thing I like about blockchain and crypto, they have their different fields of niches, Litecoin and dogecoin will still survive without Bitcoin, if I can erase Bitcoin right now, more money will escape from Bitcoin and flow into other.

I am a big fan of Bitcoin still but every projects have their disadvantages too, you and I know that Bitcoin is not perfect in every way, some projects exists to continue from where Bitcoin left off.

OP, this made me feel like maybe you could become the future world's richest or the first individual to become a trillionaire. The reason why I think so is because you already feel that you could exhaust all the Bitcoin, and perhaps if there's no more Bitcoin for you to buy, what other coin can you secure an investment in? But if I were to be honest with you, Bitcoin doesn't really have any alternatives; other Altcoins out there cannot really and fully be compared to Bitcoin, and perhaps if Bitcoin fails today, every other cryptocurrency might not be able to stand.

Also, I wish to inform you that only you can not accumulate all the Bitcoin, even if you start buying it now and keep accumulating it for years. Perhaps if you wish to diversify your assets, you could invest in real estate, stocks, bonds, and gold rather than risk your funds with Altcoins. just my opinion.

Whatever the supporting reasons, no money can replace Bitcoin. The existence of the understanding created by Bitcoin is preserved only by the continued existence of Bitcoin. I don't think there will be anything left when we take Bitcoin out of the equation. It is this feature that makes Bitcoin special. Bitcoin is a new concept apart from being a cryptocurrency. And you can't continue this mentality by delisting Bitcoin.

Better systems can be found than Bitcoin's. I'm not saying anything to this, but since the first step comes with bitcoin, a formation without bitcoin is unthinkable.