Why Bitcoin and not any Altcoin? | Bitcointalksearch.org

Antotena

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Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

My most important Bitcoin argument is PoW because PoW really ensures Bitcoin is safe and can't be attacked very easily, like it is possible for PoS, for example.

This question is funny but you should know better that Bitcoin will always be Bitcoin and altcoins are another coin own their own. Is it possible to ever see a coin that will pass through what Bitcoin has pass through, you mentioned some cons about Bitcoin but you didn't mention how Bitcoin face all of backlash and how the community was divided by many people to fork it and left Bitcoin mining to other altcoins but what happen later? They all died and only Bitcoin survived.

Bitcoin is Bitcoin and I'm not sure if there is any coin that will ever be like it. Even Ethereum that has been in the game for many years dare not try the comparison and challenge because it's not way near to where Bitcoin has been over the years. Even when ETFs were submitted, Bitcoin didn't had so much talk like the way ethereum is been handled. It might be a proof of work network but I'm not sure about the replacement. Solana that tries to replace ethereum, what happen later was disaster.

DiMarxist

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Mine should be the decentralized nature of bitcoin. It is because of it decentralized nature that individual, government and group can't control bitcoin, bitcoin is much more saver than any other memecoins or altcoins. Any altcoin trying to compete with bitcoin is just wasting it time. Because the gap bitcoin gives them is too big. The second coins that is closer to bitcoin is Ethereum but Ethereum is just $3+k and not even $30k so the gap is too big.
And if bitcoin was not decentralized, many of those altcoins developers would either hacked bitcoin so that they can overtake the lead or worked with government agencies to make sure that bitcoin didn't succeed. But all their plans have failed.

Kliss

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Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

My most important Bitcoin argument is PoW because PoW really ensures Bitcoin is safe and can't be attacked very easily, like it is possible for PoS, for example.

People prefer Bitcoin to altcoins, because bitcoin is more secure. Most people getting involved with some altcoins is to enable them reap and have a taste of how earlier adopters of bitcoin did in its early phase. But most of these Altcoins have failed to prove and meet expectations of those who adopted it from it inception, Altcoins instead of focusing on building a better foundation they focus promises that are impossible to realise. After peiod of time, instead of improvements, some altcoins tend to keep struggling to maintain it value. While Bitcoin long existence has proven to be solid and maintain its value over the years, even when bitcoin falls it's ability to overcome downturns and bounce back makes it a more unique preference over altcoins.

EclipseXcrypto

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People preference for Bitcoin over altcoins, the facts are simple Bitcoin have proven to resilience overcome market downturns and its value competes with other traditional assets like Gold, silver,stocks&bonds and real estate. Bitcoin network security is sronger compared to altcoins. Altcoins have been facing set backs because building their foundations on false promises that cannot be actualized by investor. Every investor will like to invest in platform that can safe guard their investment and make good profits from, bitcoin offers all these .

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Quote from: leonair on July 04, 2024, 12:09:09 PM

Quote from: Miles2006 on July 03, 2024, 05:01:52 PM

At this point arguing about bitcoin and altcoins or comparing bitcoin with other altcoins is not necessary in my opinion, i have not gotten into any argument and it seems people still choose what’s important to them not minding your thought or opinion. If I should start an argument I will definitely point out some few point about altcoins, few altcoins lack the ability to pump after a decline and investors who invested into such coins will regret but bitcoin is more reliable and has the ability to rise despite the ups and downs with the market. Going for altcoins looks more stressful due to research and price calculations although investors who know how the game works will definitely enjoy every part and they’ll make profit due to experience meanwhile bitcoin is far different because as a beginner choosing bitcoin trust is not a problem.

There is a lot of difference between bitcoin and altcoin.Bitcoin is more reliable coin than altcoin.If one can invest in bitcoin for long term then he can make good amount of money in very short period of time.As far as I know stay away from altcoin investment for long term. Must try. Because I don't see a very good future for altcoins which is why bitcoin investment is profitable and safe from altcoin investment.

If not for any reason but for the fact that Bitcoin has actually proven it's worth and resistance when it comes to the crypto space and that alone can make you have believe in Bitcoin. If you have done proper research then you would see that Bitcoin has always been on the uptrend even the years of dip or bear market because at the long run we always get higher number or value of what it was before ATH and this gives Bitcoin a peculiar sense and the sweetest part is that it has been consistent on a four year cycle unlike many altcoins which have no pattern at all.

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Quote from: SamReomo on July 03, 2024, 04:19:49 PM

Quote from: josgandosbro on July 03, 2024, 12:39:55 AM

Bitcoin is expensive. So that the reson invest in bitcoin. Other altcoin is not easy to increase the price. It tack time for price increase. But bitcoin will be increase the price any time.

Surely Bitcoin is expensive but that isn't the reason why people invest in Bitcoin. People invest in Bitcoin because they trust Bitcoin and they believe that Bitcoin will gain value in future when big institutions start adopting it and investing in it. Not only big institutions but some countries also accept Bitcoin as legal tender and that's why people prefer it over other altcoins.

I disagree with you that other altcoins can't easily increase in price in fact if we dip deeper then we can see that other altcoins can increase in value way higher than Bitcoin but as we all know that Bitcoin is the king of the market and without it other altcoins may not be able to perform well. However, when Bitcoin performs good then other altcoins perform 2x to 10x better than it when it comes to increase in value.

You are right. People invest in bitcoin not because of its high potentials to keep its price rising but also because bitcoin has more real advantages than any other altcoins in the market. Aside that it can be a good currency and use it conveniently, it can also be a good retirement in the future knowing the fact that it's highly more profitable and reliable than any crypto coin or altcoins in the market. Bitcoin is for long term investment, the longer you hold it, the higher its profits will be once you decide to sell it for good.

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Quote from: Miles2006 on July 03, 2024, 05:01:52 PM

Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

At this point arguing about bitcoin and altcoins or comparing bitcoin with other altcoins is not necessary in my opinion, i have not gotten into any argument and it seems people still choose what’s important to them not minding your thought or opinion. If I should start an argument I will definitely point out some few point about altcoins, few altcoins lack the ability to pump after a decline and investors who invested into such coins will regret but bitcoin is more reliable and has the ability to rise despite the ups and downs with the market. Going for altcoins looks more stressful due to research and price calculations although investors who know how the game works will definitely enjoy every part and they’ll make profit due to experience meanwhile bitcoin is far different because as a beginner choosing bitcoin trust is not a problem.

Bitcoin is the champion. Its tough, trustworthy, and tested. You want that type of power in a world evolving faster than blockchain. Altcoins are colorful and promising, but they havent gained confidence yet.

Understand, Im a businessman, I like to win. Bitcoin's a winner. Money matters, but so does the future. It shows human inventiveness and what we can build. Not the full picture. Altcoins are wild cards. They suit risk-takers who know the game. Might hit big, might not. Knowing your stuff is essential.

Everything is a dance, like life. The only constant is change. Bitcoin is our storm anchor. It shows that we can make something permanent despite impermanence. That matters.

yudi09

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Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

The Bitcoin Pro argument that you want to convey has been represented by some people here related to why you have to choose Bitcoin and not Altcoin.

For me Bitcoin is better than all the advantages that are owned or almost perfect than many uses and uses.
The right word is Bitcoin is a future currency where all transactions are recorded in a public blockchain.
If you cannot use Bitcoin as a currency for transactions because of the rules that apply in domicile countries, Bitcoin can be used as an investment asset with the best hedge.

Tmoonz

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Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

My most important Bitcoin argument is PoW because PoW really ensures Bitcoin is safe and can't be attacked very easily, like it is possible for PoS, for example.

Bitcoin seems to be less risky as when compared to other coins, it has a more solid foundation, even when it drop it always rise again whereas many other coins are just there to be pump and dumb coins, the reason why it always advisable not to do more 10 percent size of your Bitcoin investment in to other coins because of the level of realizability, Bitcoin performance has always be at the front while other coins follows, so Bitcoin is the King, and the leader of all other coins and there is no reason yet for making any forms of comparisons.

leonair

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Quote from: Miles2006 on July 03, 2024, 05:01:52 PM

At this point arguing about bitcoin and altcoins or comparing bitcoin with other altcoins is not necessary in my opinion, i have not gotten into any argument and it seems people still choose what’s important to them not minding your thought or opinion. If I should start an argument I will definitely point out some few point about altcoins, few altcoins lack the ability to pump after a decline and investors who invested into such coins will regret but bitcoin is more reliable and has the ability to rise despite the ups and downs with the market. Going for altcoins looks more stressful due to research and price calculations although investors who know how the game works will definitely enjoy every part and they’ll make profit due to experience meanwhile bitcoin is far different because as a beginner choosing bitcoin trust is not a problem.

There is a lot of difference between bitcoin and altcoin.Bitcoin is more reliable coin than altcoin.If one can invest in bitcoin for long term then he can make good amount of money in very short period of time.As far as I know stay away from altcoin investment for long term. Must try. Because I don't see a very good future for altcoins which is why bitcoin investment is profitable and safe from altcoin investment.

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Quote from: avikz on June 25, 2024, 11:26:56 AM

To be honest, Bitcoin enjoys first mover advantage. Because we have many altcoins available in the market which are technically more advanced than Bitcoin. But no altcoins was able to move out Bitcoin from the first position.

Definitely yes, bitcoin has maintained its position in market despite the fluctuations. It has maintained the leading position and no altcoin was able to move bitcoin from its position. It has the highest number of investors highest market cap, and also a high liquidity which means even though a huge amount is removed a day in bitcoin, it will not affect the price of bitcoin.

Quote from: avikz on June 25, 2024, 11:26:56 AM

I believe the biggest strength of Bitcoin is its community. No other coins have such a strong community like Bitcoin. The community is global in nature. If some old coin is able to pull together a community bigger than Bitcoin, will surely over take Bitcoin. But for now, I do not see it happening!

Exactly, bitcoin has a large number of community which is why it is different from other altcoins. There are things which make people to love bitcoin over the others, which is Halving. Bitcoin is the only coin that experience halving, and the more halving occurs every 4 years, the more the each block is halved and making bitcoin becomes more scares than other coin. And that also creates scarcity and increase the adoption. because when a commodity becomes relatively scarce, it becomes more expensive and draws people attention to it the more, still making it the leading coin.

Stablexcoin

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Quote from: Miles2006 on July 03, 2024, 05:01:52 PM

Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

At this point arguing about bitcoin and altcoins or comparing bitcoin with other altcoins is not necessary in my opinion, i have not gotten into any argument and it seems people still choose what’s important to them not minding your thought or opinion. If I should start an argument I will definitely point out some few point about altcoins, few altcoins lack the ability to pump after a decline and investors who invested into such coins will regret but bitcoin is more reliable and has the ability to rise despite the ups and downs with the market. Going for altcoins looks more stressful due to research and price calculations although investors who know how the game works will definitely enjoy every part and they’ll make profit due to experience meanwhile bitcoin is far different because as a beginner choosing bitcoin trust is not a problem.

You are right there is no point in getting into such an argument when we know that Bitcoin surpasses altcoin far more than any point anyone would bring up. If anyone chooses to raise some points for argument. Ask such a person these two questions and then don't say anything else allow them to speak to themselves;

1. Which is the first and generally accepted cryptocurrency in the world?

2. What is the market capitalization of Bitcoin and what is the market capitalization of all the altcoins combined?

Miles2006

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Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

At this point arguing about bitcoin and altcoins or comparing bitcoin with other altcoins is not necessary in my opinion, i have not gotten into any argument and it seems people still choose what’s important to them not minding your thought or opinion. If I should start an argument I will definitely point out some few point about altcoins, few altcoins lack the ability to pump after a decline and investors who invested into such coins will regret but bitcoin is more reliable and has the ability to rise despite the ups and downs with the market. Going for altcoins looks more stressful due to research and price calculations although investors who know how the game works will definitely enjoy every part and they’ll make profit due to experience meanwhile bitcoin is far different because as a beginner choosing bitcoin trust is not a problem.

SamReomo

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Quote from: josgandosbro on July 03, 2024, 12:39:55 AM

Bitcoin is expensive. So that the reson invest in bitcoin. Other altcoin is not easy to increase the price. It tack time for price increase. But bitcoin will be increase the price any time.

Surely Bitcoin is expensive but that isn't the reason why people invest in Bitcoin. People invest in Bitcoin because they trust Bitcoin and they believe that Bitcoin will gain value in future when big institutions start adopting it and investing in it. Not only big institutions but some countries also accept Bitcoin as legal tender and that's why people prefer it over other altcoins.

I disagree with you that other altcoins can't easily increase in price in fact if we dip deeper then we can see that other altcoins can increase in value way higher than Bitcoin but as we all know that Bitcoin is the king of the market and without it other altcoins may not be able to perform well. However, when Bitcoin performs good then other altcoins perform 2x to 10x better than it when it comes to increase in value.

Onyeeze

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Quote from: bananaunana on June 25, 2024, 10:18:30 AM

What is your most important pro Bitcoin argument?
We know many Altcoins want to be better compared to Bitcoin but have failed so far
Please share here and also add a short comment why it is your most important Bitcoin argument.

My most important Bitcoin argument is PoW because PoW really ensures Bitcoin is safe and can't be attacked very easily, like it is possible for PoS, for example.

from the way I am seeing Bitcoin and the other altcouns that want to be like Bitcoin, I believe that the price of Bitcoin is what affect other coins to increase in the market but when looking at it you cannot compare a bitcoin standard to altcoins who is the yet to be known for the industry of cryptocurrency I am seeing people comparing altcoins with Bitcoin why bitcoin gives rise to positive influences and potential of increment in altcoins, so from me it's unacceptable that altcoins can take dominance over bitcoin who give rise to all other coins in cryptocurrency, when bitcoin falls other coins join together to fall.

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hi mate, I have found the thread extremely useful, and if you want to know more about it, I think this article is perfect for you!!
https://comprandowallstreet.com/descubre-que-es-un-altcoin-y-cuales-son-las-principales/

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There is always a demand for the first thing that comes first and that's the case with Bitcoin because Bitcoin is the first coin in the Cryptocurrency world and Bitcoin has a huge community, so no alts coin can ever take Bitcoin place.

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Quote from: terrific on July 01, 2024, 04:43:58 AM

We are free to buy both Bitcoin and some altcoins of our choice. In investing in altcoins, it's not all about the speed anymore of its transaction.
But the market share and community that it has got for which makes everyone think of it as a better investment.
They're wrong with that because bitcoin is better aside from all the technical aspects. It's here to stay while we don't know even the top altcoins until when they'll exist.

Alts might have better transaction speed compared to Bitcoin but they are not fully decentralised like Bitcoin. Most of alts are managed by a team that have complete control over the blockchain code. With few exception, majority of alts have a short life span and they are also not transparent like Bitcoin. In case of Bitcoin there is limited supply of 21 million coins and when it comes to alts the supply is enormous.

Sorryfor

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Bitcoin is basically as we all know that it is a reliable currency on which most people invest a lot of their money. As if you invest your money on Bitcoin then it will never be risky. But when you invest in altcoins, you cannot lose your money and may experience losses. And altcoins turn out to be scams most of the time so one should always rely on Bitcoin and Bitcoin is the best virtual currency to invest in.

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Quote from: avikz on June 25, 2024, 11:26:56 AM

I believe the biggest strength of Bitcoin is its community. No other coins have such a strong community like Bitcoin. The community is global in nature. If some old coin is able to pull together a community bigger than Bitcoin, will surely over take Bitcoin. But for now, I do not see it happening!

Wonderful thought buddy! Bitcoin and its community are the biggest strength indeed. I have been in several communities some were cryptos communities while some were random communities in the development and technical knowledge on Discord, Redditt to mention a few. When I stumbled into the Bitcoin community I saw a new level of experience one can get from joining a community. Some altcoin communities I joined because of ICO and IEO offerings ended up with people complaining about unfulfilled promises, lack of lunch, and rug pool. These things we can't find in the Bitcoin community because Bitcoin is the best and true asset in the crypto world.

Topic: Why Bitcoin and not any Altcoin? (Read 1092 times)