Topic: Why We Need Bitcoin, If Altcoins Transfers Are Faster And Cheaper (Read 924 times)
January 31, 2020, 02:13:27 PM
But altcoins have diffrent problems. They are not really decentralized, they have CEOs that have greater influence what will happen in the network. They have problem with low hashing power and double spending attacks. They are not so popular and used as Bitcoin and much more.
January 31, 2020, 01:37:05 PM
bitcoin is the first coin present in the cryptoqurrency space and has a high selling value for investment, on the other hand Bitcoin is one of the best crypto assets and always dominates the crypto market as well. if the problem is about transfer fees then Altcoin is a crypto that has a low fee for transactions.
January 31, 2020, 12:59:11 PM
It is difficult to give the reasons in one or two bullet points. These are the reasons that come to my mind right now:
1. There was no pre-mine for Bitcoin
2. It is the original cryptocurrency
3. The inventor (Satoshi Nakamoto) has never tried to profit out of BTC
4. None of the coins come close in adoption and acceptability when compared to BTC
5. BTC can be traded with a large number of options (fiats & other coins).
I’m just realizing that Satoshi Nakamoto never tried to profit out of Bitcoin. That’s unlike other people that created different coins like Ethereum and the rest, because I do know for sure that their owners have at certain times profit from it, just like the founder of Ether and his Ether foundation.1. There was no pre-mine for Bitcoin
2. It is the original cryptocurrency
3. The inventor (Satoshi Nakamoto) has never tried to profit out of BTC
4. None of the coins come close in adoption and acceptability when compared to BTC
5. BTC can be traded with a large number of options (fiats & other coins).
Really Bitcoin transfers are expensive and lower speed, therefore altcoins are much easy to transfer. For small transfer amounts Bitcoin is not usable.
I think people make use of what they like and not really what seems to be better. Bitcoin is the first cryptocurrency and people are becoming used to it and trusting it more than altcoins. I do know that Ethereum has a cheaper fees and also faster when it comes to transaction, but still I hardly make use of it. I have preference for Bitcoin and I can’t even give reasons why, and I do feel it’s more safe. 
January 29, 2020, 12:05:00 PM
Altcoins are faster but none of them are more protected than Bitcoin network so you see , unless the altcoin you're saying that is faster than BItcoin is not more protected and more used than Bitcoin, it was no purpose to be compared with Bitcoin. This kind of altcoins will somehow help in payment gateways or as a 2nd option of payment ( Like ethereum and ripple are for now ). Bitcoin will always be the most secure cryptocurrency.
January 29, 2020, 12:00:57 PM
Really Bitcoin transfers are expensive and lower speed, therefore altcoins are much easy to transfer. For small transfer amounts Bitcoin is not usable.
I agree.Bitcoin is mostly bought for long-term retention,while altcoins are used for everyday life and its payment. 
January 29, 2020, 11:50:02 AM
People are well pleased with bitcoin rather than other altcoins even when they offer better transaction speed and fees, bitcoin will always be the best among other coins, it's more trusty than most altcoins maybe because the creator is nowhere to be found?
We have lightning network on bitcoin right now and we must not feel worry to create a transaction use bitcoin. The fact that if we must aware about how bitcoin is really needed to make the whole of crypto market becomes really valueable right now. The scalability doesn't matter a lot. 
January 29, 2020, 11:26:42 AM
Bitcoin is more secure and the most reliable Cryptocurrency. As for speed, there are developments that has been done to improve it and it also lessen the transfer fees. Whatever you say, I will still go for Bitcoin. It is far better than any Altcoins.
January 29, 2020, 10:22:42 AM
People are well pleased with bitcoin rather than other altcoins even when they offer better transaction speed and fees, bitcoin will always be the best among other coins, it's more trusty than most altcoins maybe because the creator is nowhere to be found?
January 29, 2020, 09:41:41 AM
I’ll tell you so, many people do not have bitcoin in their crypto portfolios, but this does not mean that we no longer need bitcoin. Even I have never had bitcoin in my wallet, but I still think that it is necessary, like a beacon, to which everyone is drawn. Therefore, think about something more mundane, they have already thought about it for us, but personally I agree with their position.
January 29, 2020, 09:20:43 AM
Use the Lightning network if you can't wait. Although the transactions are not as fast as other altcoins, transactions using BTC are safer and have more fiat pairs. Of course, this is the choice each person wants to use which, according to their individual needs. What I want to convey here is, BTTC and Altcoin have their own advantages and disadvantages, so maximize it, don't be too fanatical about one choice so as to make the others worse.
The use of lightning networks, for now, is effortless, but it goes back to each individual whether they intend to use it or not.Why do we have to use Bitcoin? To find out the answer to this question, you need to know that altcoin would not exist if bitcoin did not exist, bitcoin was a pioneer in crypto, bitcoin was the originator of technological change, something created first would get a high valuation.
January 29, 2020, 08:19:19 AM
It is difficult to give the reasons in one or two bullet points. These are the reasons that come to my mind right now:
1. There was no pre-mine for Bitcoin
2. It is the original cryptocurrency
3. The inventor (Satoshi Nakamoto) has never tried to profit out of BTC
4. None of the coins come close in adoption and acceptability when compared to BTC
5. BTC can be traded with a large number of options (fiats & other coins).
1. There was no pre-mine for Bitcoin
2. It is the original cryptocurrency
3. The inventor (Satoshi Nakamoto) has never tried to profit out of BTC
4. None of the coins come close in adoption and acceptability when compared to BTC
5. BTC can be traded with a large number of options (fiats & other coins).
January 29, 2020, 07:41:31 AM
Really Bitcoin transfers are expensive and lower speed, therefore altcoins are much easy to transfer. For small transfer amounts Bitcoin is not usable.
Along with altcoin which is so easy, still here the ruler is bitcoin, what needs to be noted here is the need for adjustments that bitcoin will do. Almost no one doubts bitcoin, because this is something that is promising, and of course its security is guaranteed. I think this is what we should note that bitcoin and altcoin let it go side by side.although the transaction is slow and the fee is quite large but in its system bitcoin is still superior to other altcoins.
January 29, 2020, 07:28:01 AM
Really Bitcoin transfers are expensive and lower speed, therefore altcoins are much easy to transfer. For small transfer amounts Bitcoin is not usable.
Along with altcoin which is so easy, still here the ruler is bitcoin, what needs to be noted here is the need for adjustments that bitcoin will do. Almost no one doubts bitcoin, because this is something that is promising, and of course its security is guaranteed. I think this is what we should note that bitcoin and altcoin let it go side by side. January 29, 2020, 06:32:56 AM
Bitcoin has its uses as store of value, but for day to day transactions - particularly in third world countries, Bitcoin can never work
A currency such as TemTum that can send any small amount feeless, and fully confirmed in under 12 seconds is much more suited for this role that Bitcoin.
A currency such as TemTum that can send any small amount feeless, and fully confirmed in under 12 seconds is much more suited for this role that Bitcoin.
Do you really think instant payment is only the vital marker? Instant transaction is important but security is more important. Bitcoin tx is a bit costly, takes some minutes to confirm the transaction but it is most secure ever.
You may transact instantly, at almost zero fees with other cryptos but security will not be ensured as btc serves
January 28, 2020, 04:51:31 PM
Really Bitcoin transfers are expensive and lower speed, therefore altcoins are much easy to transfer. For small transfer amounts Bitcoin is not usable.
Use the Lightning network if you can't wait. Although the transactions are not as fast as other altcoins, transactions using BTC are safer and have more fiat pairs. Of course, this is the choice each person wants to use which, according to their individual needs. What I want to convey here is, BTTC and Altcoin have their own advantages and disadvantages, so maximize it, don't be too fanatical about one choice so as to make the others worse. January 28, 2020, 03:20:08 PM
Bitcoin has its uses as store of value, but for day to day transactions - particularly in third world countries, Bitcoin can never work
A currency such as TemTum that can send any small amount feeless, and fully confirmed in under 12 seconds is much more suited for this role that Bitcoin.
A currency such as TemTum that can send any small amount feeless, and fully confirmed in under 12 seconds is much more suited for this role that Bitcoin.
January 28, 2020, 03:17:25 PM
Bitcoin is likely the smallest unit coins of the cryptocurrency at 18 million and less than 20% is used in active in trading daily while others are held up in wallet for so long as discovered in the bear market. To whom much is given much is expected. Most of the altcoin had development over this deficiency in bitcoin however bitcoin still have the people's trust for safety and acceptability.
January 28, 2020, 03:13:13 PM
3 things:
1. No coin has the strength / hashrate of Bitcoin even Ripple couldn't move 1 billion dollars last year (they had to split it up into 3 separate transactions).
2. Bitcoin so far is the only coin that combines the 3 (security, speed, low fees). Other coins always drop one to gain the others. For exampe, dropping security to get speed and low fees.
3. An altcoin overcoming bitcoin would be detrimental to the market why? How do I put my life savings into something when it can be replaced by something better in a year or 2?
1. No coin has the strength / hashrate of Bitcoin even Ripple couldn't move 1 billion dollars last year (they had to split it up into 3 separate transactions).
2. Bitcoin so far is the only coin that combines the 3 (security, speed, low fees). Other coins always drop one to gain the others. For exampe, dropping security to get speed and low fees.
3. An altcoin overcoming bitcoin would be detrimental to the market why? How do I put my life savings into something when it can be replaced by something better in a year or 2?
January 28, 2020, 02:28:19 PM
Really Bitcoin transfers are expensive and lower speed, therefore altcoins are much easy to transfer. For small transfer amounts Bitcoin is not usable.
many uses of bitcoin not only transfer for other. bitcoin can use for invesment, we need bitcoin to invesment. if bitcoin die, i think the altcoins there is no value because the king of cryptocurrency is bitcoin and the price altcoin follow bitcoin price and not all store accept altcoins but they are accept bitcoin for payment.. Bitcoin is the king certainly but not suitable for daily trading, yet. But everything will rely on developmental progress. Otherwise, there will be possibilities that potential alts may replace the king. That is my personal opinion not financial advice
January 28, 2020, 12:38:48 PM
Really Bitcoin transfers are expensive and lower speed, therefore altcoins are much easy to transfer. For small transfer amounts Bitcoin is not usable.
simple answer because bitcoin is safer than altcoin. Why is the price of bitcoin so high? because altcoin races on bitcoin the predecessor is the king and the largest market capitalization owned by bitcoinJump to: