Why are other cryptocurrencies not like Bitcoin?

rahmatullah9305

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

Many people say Bitcoin is the king of other coins, of course Altcoins can't compete with Bitcoin, I see when beginners say about crypto they just mention Bitcoin, it's rare to hear Tron, BSC and others, this is becoming a popularity for bitcoin that is not owned by other coins, and also Bitcoin has a good achievement with a fast time, of course it is very difficult for other coins to be able to replace it, moreover the first altcoin appears with good value but in the end loses its price and becomes trash in the market.

Tessnik

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Bitcoin is the most decentralized and less controlled cryptocurrency, and that characteristic has made bitcoin unique in its ways, most of the altcoins in the market are controlled by individuals that can easily manipulate the market that is why altcoin can not be as stable as bitcoin.

thesosorr

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Quote from: Viscore on August 12, 2021, 04:33:39 PM

Quote from: thesosorr on August 12, 2021, 02:09:02 PM

Not all Altcoins cannot survive in the market for years in cryptocurrency.
Bitcoin has extraordinary quality and greatness in cryptocurrency so that it can still be the king of cryptocurrency, but there are also Altcoins that have advantages even though they are not the same as Bitcoin. For example, Ethereum is still surviving.

Bitcoin has definitely a great advantage compared to altcoins but it does not mean that only bitcoin will survive when it comes to long term. Altcoins too have their own way of surviving the market even we knew the fact that if bitcoin drastically drops its price, altcoins experience even a much lower dip.

So let's not wonder why all altcoins are not alike with bitcoin. The fact that they can still survive in the market for long, is already a good sign that altcoins too are also valuable just like bitcoin.

I agree. That in surviving in the market, Altcoins have their own way. As I have mentioned for example Ethereum and there are many altcoins that can be used as examples even though all Altcoins are not the same as Bitcoin in terms of greatness.

Nekonoid

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Quote from: Pelana vreo on August 13, 2021, 09:52:26 AM

Quote from: spyderbilt on August 12, 2021, 09:41:05 AM

not as easy as turning the palm of the hand. bitcoin is the first coin to exist in cryptocurrency other than that the total supply of bitcoin is very limited. it is impossible if other crypto coins can match bitcoin's record, for me approaching bitcoin is difficult. can only occupy the 2nd position like ethereum

That's true, but some altcoins try to do their best for the advancement of cryptocurrencies and until now the altcoin that is approaching Bitcoin's market capitalization is ETH, I think nothing lasts forever, maybe there will be other Altcoins that can shift Bitcoin's position in the future, but I don't know for sure when it will happen, because I also hope that Bitcoin will be number 1 and altcoins will follow the price movement of Bitcoin

Now altcoins are widely used in the gaming industry, but it is important and it allows you to attract many players to cryptocurrencies. It is important to have a large community to increase the liquidity of tokens, there are already such communities of gamers, such as https://twitter.com/LiquidationsOf?s=09

Mariaverde

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Quote from: CryptoG99 on August 13, 2021, 07:46:21 AM

Quote from: rahmathidayat93 on August 12, 2021, 10:17:22 AM

Quote from: ?? on ??

because bitcoin was created with the aim of being a means of payment only and until now there has been no further development and just running as it used to be, while altcoins were created with a more specific purpose so of course there will be differences from that.

Yes, Altcoins only complement what Bitcoin doesn't,
so it can provide a complete complement to the entire crypto space with various options tailored to specific needs.

Lots of alts are filling in the gaps where Bitcoin does not. But also a lot of new innovations.
DIVI is a great example of trying to make adoption of Crypto easy. It is looking to make using cryptocurrencies a simple, frictionless task, helping to make digital assets more accessible to everyday users.

It's true and I also think that DIVI has a great future!

Zilon

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Bitcoindata.science

It's a very broad topic we are actually diving into nknowing why some alt coin aren't making as much profit just as bitcoin. First I will state that bitcoin having maintained a consensus alogrithim for years gain excess trust from it's investors. You should note that the price of Bitcoin is determined by the highest bidder or the highest investor and as such it's market capitalization is influenced by investors this is a clear indication that since more investors prefers Bitcoin it's constantly making new highs compared to other coins

Chathusand

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Bitcoin is the most popular token and serves as a role model for all cryptos, especially when compared to altcoins. Apart from seeking refuge with bitcoin, another issue of altcoins is that the project team behind them is not always committed to completing the coins they give, causing the coins to vanish from the market and even become dead coins.

Marble777

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Bitcoin is a major coin in the cryptocurrency industry. I observe that when there is positive news about cryptocurrencies, especially news about BTC, it is likely to have a favorable impact on the price of BTC and other top altcoins. besides, Bitcoin is known as the king of altcoins, and it is very unlikely that altcoins can match bitcoin itself. If investigate further, of course there will be many reasons for that.

Mariaverde

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Quote from: CryptoG99 on August 12, 2021, 07:01:55 AM

It really depends on the project. ALGO dipped a lot (more the 50%) during that bear run, but it is also a newish project and still has a lot to grow. I think investors where pulling money out of smaller cap coins and putting money into ETH/BTC during the dip.
DIVI is a very interesting project imo and deserves to be looked at. DIVI can be used for a ton of stuff like staking or running nodes which takes only 1 click to setup. This is made possible by MOCCI, their 1 click node installer. All of this is made possible by their DIVI Wallet 2.0 which can all of this can be done on. Their wallet also supports both crypto and fiat. Divi is even listed on KuCoin and can also be used in some online stores.

It's awesome that Divi is listed on KuCoin. It def needs to be looked at.

jorjeIII

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Quote from: Nekonoid on August 13, 2021, 10:01:24 AM

Now altcoins are widely used in the gaming industry, but it is important and it allows you to attract many players to cryptocurrencies. It is important to have a large community to increase the liquidity of tokens, there are already such communities of gamers, such as https://twitter.com/LiquidationsOf?s=09

The games have large user communities that are constantly increasing. It will be very good if players pay attention to cryptocurrencies.

mumang siat

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

There are many reasons that make bitcoin the best and able to survive to this day, they have taken great steps in perfecting bitcoin itself, before many coins appear today.

While current altcoins don't provide the best value for people to use, so many of them are lost in the market, plus emerging altcoins don't provide an alternative at the right time, they exist because of the turbulent market conditions.

andireynold98

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Quote from: CryptoG99 on August 13, 2021, 07:46:21 AM

Quote from: rahmathidayat93 on August 12, 2021, 10:17:22 AM

Quote from: ?? on ??

because bitcoin was created with the aim of being a means of payment only and until now there has been no further development and just running as it used to be, while altcoins were created with a more specific purpose so of course there will be differences from that.

Yes, Altcoins only complement what Bitcoin doesn't,
so it can provide a complete complement to the entire crypto space with various options tailored to specific needs.

Lots of alts are filling in the gaps where Bitcoin does not. But also a lot of new innovations.
DIVI is a great example of trying to make adoption of Crypto easy. It is looking to make using cryptocurrencies a simple, frictionless task, helping to make digital assets more accessible to everyday users.

Bitcoin isn't always for the base to see whether alts can be more bullish up more than the bitcoin do. Many alt coins that can take us to the moon if you want to search it up one by one. For me i still want to make sure of that. But one that already caught my attention is DIVI. Because DIVI is really easy within just set one up in minutes, sit back, and just watch the rewards roll in. Also the potential that DIVI will release swap and debit card soon. Cannot wait for those to be get more recognition.

Botnake

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Quote from: Tessnik on August 13, 2021, 10:12:07 AM

Bitcoin is the most decentralized and less controlled cryptocurrency, and that characteristic has made bitcoin unique in its ways, most of the altcoins in the market are controlled by individuals that can easily manipulate the market that is why altcoin can not be as stable as bitcoin.

Bitcoin will always take the lead and altcoins are made so that investors will come up with some alternative coins to invest. Just imagine this, if all cryptocurrencies are just like bitcoin, then the concept for diversification of coins will not be recognized anymore. The whole crypto market becomes boring because the flow of the movement of the coins will only focus on bitcoin. Just my thought.

Pelana vreo

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Quote from: spyderbilt on August 12, 2021, 09:41:05 AM

not as easy as turning the palm of the hand. bitcoin is the first coin to exist in cryptocurrency other than that the total supply of bitcoin is very limited. it is impossible if other crypto coins can match bitcoin's record, for me approaching bitcoin is difficult. can only occupy the 2nd position like ethereum

That's true, but some altcoins try to do their best for the advancement of cryptocurrencies and until now the altcoin that is approaching Bitcoin's market capitalization is ETH, I think nothing lasts forever, maybe there will be other Altcoins that can shift Bitcoin's position in the future, but I don't know for sure when it will happen, because I also hope that Bitcoin will be number 1 and altcoins will follow the price movement of Bitcoin

TribalBob

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The theme and concept of one crypto is different from decentralized bitcoin, where sometimes the one-coin team does not focus on their original goal so that sometimes it stops in the middle of the road without certainty, and sometimes deliberately creates coins to cheat, that's altcoin in the current point of view
different from bitcoin which has real functions and uses, namely investment

sapnu

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Quote from: Masplanc on May 21, 2021, 12:28:06 PM

Over the years Bitcoin have been doing very great and as a matter of fact it is the fastest cryptocurrency that is much valuable and growing with rapid speed. Unlike other cryptocurrencies, some come doing better at the earlier stage but as time goes on they loss value and at the end of the day it gets crash .
my question is that why can't they last and be like Bitcoin and what does it take for this unstable cryptocurrencies to be like Bitcoin.
I'll be glad to get responds to add to my knowledge concerning this . Thank you

It is simply because there is no other crypto that can accomplish what bitcoin has done ever since the beginning. Also, if other cryptocurrencies will be like bitcoin, the balance will be messy or there will be no balance at all. Each value of the crypto, including bitcoin, will not go very high. Bitcoin set the standard of being a successful crypto and if others would like to follow its footsteps, they need to suprass a lot of obstacles on the way just like what bitcoin did. Each has different features also which makes them unique towards each other and all of them have different goals that they are trying to achieve in the future.

Vishnu.Reang

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Quote from: ?? on ??

There are also altcoins that last a long time, although not as long as bitcoin because bitcoin is the beginning of the creation of crypto.
With so many altcoins, it will certainly make competition and those left behind will be destroyed if they cannot meet market demand.

Altcoins have been in existence for more than a decade now. But the earliest altcoins are all dead or dormant. Most of the top altcoins were created after 2014. The Ethereum ICO occurred in that year, and the other alts such as ADA, BNB, LINK and DOT were listed at a later date. Only Litecoin exists as the sole survivor from the pre-2014 coins. Bitcoin is still the king of cryptocurrency, after more than 12 years. But the same can't be said about other alts such as Ethereum and Cardano. They are facing stiff competition from newer coins.

darahjuang

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We can't answer questions like this because all the coins in cryptocurrency have a clear goal of winning in the market.
I think you're pretending you don't understand.
You actually really understand why Bitcoin is great and survives. Likewise with Altcoins.

Note: do not equate the sky with the earth.

CryptoG99

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Quote from: rahmathidayat93 on August 12, 2021, 10:17:22 AM

Quote from: ?? on ??

because bitcoin was created with the aim of being a means of payment only and until now there has been no further development and just running as it used to be, while altcoins were created with a more specific purpose so of course there will be differences from that.

Yes, Altcoins only complement what Bitcoin doesn't,
so it can provide a complete complement to the entire crypto space with various options tailored to specific needs.

Lots of alts are filling in the gaps where Bitcoin does not. But also a lot of new innovations.
DIVI is a great example of trying to make adoption of Crypto easy. It is looking to make using cryptocurrencies a simple, frictionless task, helping to make digital assets more accessible to everyday users.

Sithara007

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IMO, the most important factor that differentiates Bitcoin from the rest is that the inventor of BTC never tried to profit out of his creation. There was no premine. On the other hand, almost all the other cryptocurrencies had a substantial premine (in case of some like XRP, this premine allocation was 100%). Creating profit for the inventor or the promoter was not one of the reasons for the creation of Bitcoin. However, that can't be said for any of the altcoins. So it is only natural that Bitcoin behave differentially from the other cryptocurrencies.

Topic: Why are other cryptocurrencies not like Bitcoin? (Read 735 times)