If you are interested in why alt-coins are not like bitcoin, is either you are a newbie or just do Not understand crypto-currency, I can not attribute/place the success of bitcoin over alt-coin to popularity alone, if popularity was to be true then the list of coin in ranking won't change.
I think acceptance is more reasonable/likehood why bitcoin is above, I would be interested if you can tell me one crypto-currency acceptable means that doesn't include bitcoin.
Topic: Why are other cryptocurrencies not like Bitcoin? - page 5. (Read 735 times)
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.
Bitcoin does well because it's well known and what everyone knows about with cryptocurrencies.
I don't think I've heard many mainstream media outlets mention ethereum even or any other coin/company crypto related. This would be the first step in getting a higher level of adoption of any alterative to bitcoin.
There's also an assumption that chains like eth and their utilities could be adopted or adjusted into bitcoin over time. We don't know whether eth is just going to remain a conceptual idea or potentially something for larger institutions/richer holders as it has high fees (like bitcoin does if we ignore the lightning network).
In the recent crash, I noticed when bitcoin dropped 0.25x 1.25x, most of the altcoins dropped 2x before they all increased back while Bitcoin also increased back to $40000. Some coins even at the time dropped almost 3x, and very possible some coins might drop more. Altcoins are more volatile, their rise (increase in price) can be high but they fall more during bear market.
Altcoins can not be like Bitcoin because Altcoins are not fully decentralized, unlike Bitcoin that is completely decentralized.
Altcoins can not be like Bitcoin because Altcoins are not fully decentralized, unlike Bitcoin that is completely decentralized.
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
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
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