Why is Bitcoin worth so much more than other crypto - page 4.

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Quote from: ? on December 21, 2024, 04:48:40 AM

why is it so difficult for other cryptos to have the same potentials as bitcoin , are they missing something?

First, before we get into anything, have you read the Bitcoin Whitepaper? - https://bitcoin.org/en/bitcoin-paper
Don't you get scared. It's only 8 pages of what you need to read, and the wording is not a lot per page

Once you read the white paper, you will know why bitcoin is an awesome invention, and you will get answer to most of your question such as why it is worth much more than any other crypto copycats out there.

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Quote from: ? on December 21, 2024, 04:48:40 AM

why is it so difficult for other cryptos to have the same potentials as bitcoin , are they missing something?

Because bitcoin has made an achievement others are just copying after, you can imagine when you developed an original product to someone who created a counterfeit of that same product, he will sell at a more cheaper price than you, because he know what makes the difference and would only encourage for patronage through the cheap price offered, same way we have with altcoins, some are rushing into them after discovering about bitcoin, because they wanted to make it quick, without taking into consideration the risk involved in that same thing, every other data with bitcoin are far higher compared to the summation of all other cryptocurrencies.

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Quote from: ? on December 21, 2024, 04:48:40 AM

why is it so difficult for other cryptos to have the same potentials as bitcoin , are they missing something?

Actually yes, they are missing something very crucial. The Genesis of cryptocurrency as a whole, the first place of this innovation, belongs to BTC and that is something that will never change. History is being written and unfortunately for all the other coins, BTC was the first.
Simple, think about how the term "Alts" has prevailed because they are not... BTC. Regardless of name, background, code, mining procedure, etc., everything is in the "same" bag. Nothing else can be "The King", no matter what.

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Quote from: Dr.Bitcoin_Strange on December 21, 2024, 11:24:57 AM

There's different reason why Bitcoin is doing better than altcoins, first you need to understand that Bitcoin is a proof of work (POW) while so many of those altcoins are POS (proof of stake). Secondly, Bitcoin is the first crypto and it has won the trust of so many investors that has invested billions of dollars. Bitcoin is decentralized and has limited supply compared to other altcoins.

Sometimes I don’t even put bitcoin been a POW project as an advantage because some of these altcoins too use POW even before migration to others but the decentralized nature of bitcoin is what set it apart from other cryptocurrencies. Most of all these new Altcoins have were created just to correct some so called bitcoin flaws like scalability and at the end they ended exposing some vulnerabilities too which always leads people back to bitcoin. Not that bitcoin doesn’t even have little flaws but this current altcoins still do not have perfect solution to it, so bitcoin even without been the first coin it ticks many boxes than the rest

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There's different reason why Bitcoin is doing better than altcoins, first you need to understand that Bitcoin is a proof of work (POW) while so many of those altcoins are POS (proof of stake). Secondly, Bitcoin is the first crypto and it has won the trust of so many investors that has invested billions of dollars. Bitcoin is decentralized and has limited supply compared to other altcoins.

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Quote from: ? on December 21, 2024, 04:48:40 AM

why is it so difficult for other cryptos to have the same potentials as bitcoin , are they missing something?

Bitcoin is the king, and it can’t be replaced as there’s only one king. Just like gold, silver can’t take its place. Think about it this way: if Bitcoin falls, the entire market will tumble with it. That’s the kind of influence Bitcoin has.

Even if there are other assets you think might be better, they’ll never overtake Bitcoin in terms of market cap. You can explore them as opportunities to diversify your funds, but for the long term, your trust should heavily lean toward Bitcoin. It’s the foundation you can rely on.

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Quote from: ? on December 21, 2024, 04:48:40 AM

why is it so difficult for other cryptos to have the same potentials as bitcoin , are they missing something?

How they were created can explain it for you.

Bitcoin was created by Satoshi Nakamoto, a great mind with excellent developing skills, to create something that can change the world and bring blockchain to daily life.

Altcoins were created by not great mind behind, mostly with Get-Rich type of motivation and see, you can not expect great products from those people. Some succeeded like Ethereum with Vitalik Buterin but most of altcoins died and that caused many people lost money with altcoins.

Altcoin enthusiasts can feel great by calling themselves like this, but with time, most of them were betrayed by altcoins and incapable founders and developers. They hope that if they have a second chance with a time travelling machine, they will choose Bitcoin, not altcoins.

Failed altcoins.
Why 99% of altcoins failed?

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Bitcoin is the first cryptocurrency that gave birth to other cryptocurrencies. Bitcoin creator also created blockchain which other cryptocurrencies are suing but advancing.

Bitcoin remain decentralized and does not have a known developer like other cryptocurrencies. This makes it stand out from there that has creators and centralized it with their influences and design.

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why is it so difficult for other cryptos to have the same potentials as bitcoin , are they missing something?

Topic: Why is Bitcoin worth so much more than other crypto - page 4. (Read 713 times)