Bitcoin Forum

I still don't get it why there are two coins so I gotten questions out of my curiosity.

•Will altcoins be much better than Bitcoins?

•Will the currency be good? than Bitcoins? or its just the same?

•Can altcoins be directly converted to money?

We have a lot more than just two coins. Alt coin just stands for alternative coin, which is basically anything else that is not Bitcoin.

Will alt coin be better? Nobody knows, but Bitcoin is mainstream now and it would be hard for any other coin to keep up.

Will the currency be good? than Bitcoins? or its just the same? Many alt coins offer different functions beside a currency value. Some aspect are better, some are worse.

Can altcoins be directly converted to money? Certain coins such as Litecoins and Ethereum can be converted into cash directly.

Hope this helps.

Just like there's a lot of different currencies, there's a lot of different cryptocurrencies. some are worthless, some are reputable

In my opinion, bitcoin is the best coin of all coins.
While the development of altcoin or its parent system of bitcoin then altcoin is not much better than bitcoin.
as far as I know altcoin must be converted or converted first to bitcoin through exchange and then can be used as local currency

It will not because the bitcoin as the main currency and all of the crypto pegged to the bitcoin as the main base exchange price like what was happened with the dollar and others fiat currency.
But the currency is good than bitcoin because it can take a little time deliver the transaction than bitcoin

You have a lot of beginner's question there, mate. I may not answer everything but make sure to make some research, further readings.

In crypto, there are only two classifications, Bitcoin and then the rest will be called alternate crypto. In the alternate crypto, there are almost a thousand coins. If you ask about better than bitcoin, you have to classify the question. In terms of what? On an overall basis though, I say that Bitcoin is still the best.

Alternate coins have different uses. These coins are used to suit their respective projects.

Altcoins are there for a lot of reasons, backing a business up, faster transaction, lighter blockchains, smart contracts, they're not all to be compared to bitcoin, we might see in the future an altcoin taking on bitcoin in marketcap, it certainly got close with ethereum at some point.

- I don't know if altcoin is able to go beyond bitcoin, only time that can answer  :D
- Depending on what aspect you want, many altcoins offer some new things
- some altcoin can be converted with cash directly, such as: Ethereum, Litecoin, BitcoinCash, etc

There are more than two coins in crypto, infact there are thousands coins now, you can check them in service announcement board
Will alt coin better than Bitcoin? Depends on your priority, for long term Bitcoin is the best but f you are looking for trading profit maybe alt coin can be better and for currency Bitcoin still the best because it can be used in some store but no alt coin has been implemented yet

There are some really good projects out there, like Monero and Byteball.
But the true is the vast majority of the cryptocurrencies are coins that were created because some folks realized that it was a great way to make more bitcoins.

Wow, I hope there's a mistranslation here.  There are a LOT more coins than just two.  Take a look at the market cap of the current exchanged coins:

https://coinmarketcap.com/

If you want to learn more about crypto, I'd recommend clicking into the top market cap coins, and going to each of the official websites and reading up on what's out there.  There are many coins; some specializing in fast transaction, some in privacy, some with added features, and some that aren't even trying to be a currency but more like a share of a company.

I'd also recommend reading news at places like:

• https://cryptoinsider.com
• https://www.coindesk.com
• • https://www.cryptocoinsnews.com

according to questions and statements from you I will reply, maybe altcoin will not be much better than bitcoin, with altcoin price fixed to bitcoin, it could be altcoin will be much better than bitcoins, whether that's when it comes.I think that determines the good eye money on a day that is the users, the more people who use it the more it will be high level of price.

Here's my 2 cents-

-->There are more than just 2 coins in the Crypto works and like how others mentioned, check them at coinmarketcap site and also in ANN announcement section here. I am sure you will find lot of info.

--> Altcoins have its own advantages. We have POW and POS altcoins. Bitcoin is mostly used for trading and for long term. Altcoin can be used for short to long term gains.

--> I would say Cryptos are much better than normal currencies and I am sure you know why is that.

--> You can sell altcoins for BTC and then convert BTC to your local currency.

China functions beside a currency value. Some aspect are better or not ?

altcoins was created to be a good alternatives to bitcoin so just in case bitcoin crash there's still other options for us since we cant say which one is good or which is not, but its part of the system inside crypto currency I think many people already enjoying this alts trading because its helping the industry to grow fast, bitcoin is
getting attention so with alt coin market.

The answers for it is by researching.

btw.
altcoins have their own uses and features that we can use in the future. Although they have a better one but it doesn't mean it will take over bitcoins.
Altcoins can be converted in fiat it depends in what exchnanges you wanted in other coins or fiat.

the altcoins that are alive today? no. there is very little chance of that happening. they are not offering anything different or if they do, that difference is causing more issues than it fixes things.

so far they have not been any good or better than bitcoin or even remotely close to bitcoin. and i don't see any reason to believe this can change anytime soon!

some of them yes, most of them no.

To get answers for all your questions we need to understand what means good cryptocurrency.
If you want to earn money - use altcoins. Some of them have much more volatility, than BTC. This means more chances to earn pretty fast. In this case usually you have more risk to lose. It depends on your experience and so on.
If you want just save and increase money for long term - choose BTC. It's like a gold in cryptoworld.

So many coins are being created on daily basis

-Preferably BTC rather than ALT, but the ALT velocity problem is much better they are very quickly confirmed
-I do not think it's great depending on the owner and the creator, BTC is better than the ALT.
-Most ALT are only converted to BTC, only a handful can be converted directly to money.

Different coins can serve a different niche there doesn't have to be one best coin. It's similar to saying there has to be one best company.

I think there was not a time when there was no duplicate in terms of token or coin use. That means projects are really unique and not just a copy of another one. Litecoin I read somewhere is essentially a copy of Bitcoin. Those were the times. And then the influx of so many projects on blockchains followed, projects are getting similar with one another.

in fact, the blockchain project didn't really hit the ground, except for the tokens, many people say 2017 was the year of blockchain, but it still has a long way to go as many coins like ltc, dogecoin really make no sense

There are some other coins that can be directly converted to fiat money. You should look for your local exchanges. In my country you can convert bitcoin and litecoin to fiat money easily. Nothing for ether sadly. I believe Ethereum is the best altcoin right now.

why not? You can make your own cryptocurrency too if you have what it takes. I think the point of this is competition. It's a good thing that we have different implementation. Different focus and roadmap. A healthy competition is good for the eco-system.

I think that there will always be a lot of cryptocurencies. Each cryptocurency (both bitcoin and altcoins) has and will have it's own benefits and drawbacks. But with mass adoption there will be segments (niches) with a leading cryptocurrency in that segment. The leading cryptocurrency in a segment is needed because its capitalization should be high enough to be more stable and have low volatility.

Bitcoin is the most acceptable now because it was the first one and so was adopted more than others. But this will change in near future.

altcoins have a better chance to increase your return, everyone owns BTC and ETH but not many people altcoins, which could change in the future and prove them more valuable

altcoins exist to compete bitcoin, whether they'll succeed or not, god knows. There's many factors that determine whether an altcoin is much better than bitcoin mainly by its feature but doesn't mean the altcoin will be a huge success unlike bitcoin.
and for the last question, the answer is yes as long there's an exchange available.

The application scenarios for each currency are different, so a lot of coins will be created. Many coins can be used as the value of swaps, currency exchange and some direct.

Not so long ago John Dili, strategist of Blockstream, during an interview called altcoins Scam. But at the same time added that he did not consider them as other alternative cryptocurrencies, a threat to Bitcoin. Also during the conversation, Dili, expressed his opinion about the motives of speculators, who by their actions try to instill uncertainty in users of Bitcoin.

Ethereum is and will be better than Bitcoin. It's a matter of time before it will overtake BTC in Marketcap. Even when ETH is number one, BTC will remain the king.

What do think about altcoins, How alternatives coins help increase your income, when you start to think about alt coin instead of bitcoin  and when do intend to trade our altcoin to def cryptocurrencies.

bitcoin is open source - So anyone want can make their own "bitcoin". So we say that is altcoin. And  they have many update for their coin. So many coin have many feature than bitcoin. Some coin is difference but still use blockchain tech. that is the core of crypto world

First of all op, altcoins is not a single coin. It is a general term for coins other than bitcoin because bitcointalk was made for bitcoin so when different coins came out, the altcoin term emerged which stands for alternative coins by the way.

It depends on how you see bitcoin and an altcoin. But if you ask me, I don't think so. Bitcoin is way ahead of every altcoin out there.

Yes, they certainly can. Same as bitcoins.

There are a lot of ALT coins in the market right now. These coins have their own purpose on their projects. Bitcoin is still the best Crypto for long term investing. Why? It can be told that it is still standing for multiple years now if was not the best. I believe EThereum is the best altcoin which has come near the level of BTC.

Some Altcoin(Altcoin means Alternatives coin) could of course be better than Bitcoin if they work extremely hard & play their game well, none so far has shown any sign of becoming better Cryptocurrency. Ethereum has the potential of equaling or surpassing bitcoin If the coin developers their acts together.

I think all altcoins have the same estuary that is bitcoin, so it would be difficult for altcoin to much better than bitcoin, even ETH though. If you want to exchange altcoin with money it could be, but not in the exchanger, maybe you can find ordinary people to transact.

Yes, sure. But it depend on their popularities and the place of exchange. Ex, Ethereum. One of the most popular alternative coins since the appearance of their tokens, can be converted directly to usd without bitcoin.

,well i guess this guys has a lot more to study and learn. anyway i am pretty sure you knew bitcoin as well as how does it function, aside from bitcoin we also have a so called alternate cryptocurrencies which are been talked about here in this specifc section. as the word alternate means it can be a substitute insteaf of having bitcoin and that is how trading will also work here. altcoins can never be converted directly into money, it has to be converted first into bitcoin then the next is fiat.

There are hundreds if not thousands of Altcoins.  Alot of them are get rich quick schemes, but alot of them I value more then BTC.

How you measure them is all relative to if you think a coin is better or worse than BTC.  If the measurement is in price per coin, or possible longevity and usability, then aside from certain coins that draw value from very small coin amounts IE "One Coin", then BTC will probably win out.  

If the measurement is based on ease in finding places that will trade the coin, BTC will currently win out there as well.  That's not to say BTC wins on all measurements.  If you think in terms of how useable it is for small transactions, then BTC fails badly, as the transaction fees can be even higher than the transaction itself.  So in that case alot of altcoins would win out.  Imagine buying a sandwich for $6 and paying a $3 transaction fee.  No thanks.  Also alot of the coins were designed for a bunch of various reasons.  Transaction speeds.  Waiting 5 minutes for a transaction to approve is not convenient ect.  Then there are other things to consider.  Alot of coins use different POW and POS types ect to try to lower the amount of electricity being used.  And some coins are created using different algorithms to try to keep themselves more ASIC resistant or fit into a number of niche markets.  So all in all many altcoins are needed to keep the cryptocurrency ecosystem going.  

And yes some coins can be traded directly to fiat currency without going thru BTC.  The smaller ones don't usually, but the larger ones you can IE LTC/Etherium

i think altcoin will be stay at the position and will change turn up and down because there is many altcoin that want to be at higher position but bitcoin is still in the top of crypto currency. altcoin will be good for a long term and the price will be following with bitcoin price and will make adjustment for the price. maybe altcoin can be directly converted to money in other exchange but in my local exchange, some altcoin can converted to money and we can directly trade local fiat-etc/eth/bch.

Altcoins is an alternative to bitcoin so definitely bitcoin was better, it's my opinion

There are two coins if you refer to classification of coins because there is bitcoin and there is alternate cryptos or altcoins. That is so because altcoins are not as original as bitcoin. They are not there when cryptocurrency started. They only came out after bitcoin is already functioning.

With over 1300 cryptocurrencies in the world as of these year, you really are going to be curious on what crypto will going to be on top, but coinly speaking Bitcoin is on top. There are lot of coins other than Bitcoins and that is alt coin.
Will altcoins be much better than Bitcoins? In other ways, maybe it could be better than Bitcoin.
Will the currency be good? than Bitcoins? or its just the same? I think it’s better than currency, but if the real currency is replaced by Bitcoins, our economy will shut down.
Can altcoins be directly converted to money? Yes, there are many alt coins that are converted to direct cash.

Bitcoin is mother of all crypto currencies so it will be always better and it will survive longer in compare to other altcoins on the other hand there is no guarantee that when any particular altcoin will disappear as there are many scam coins available.

There is no altcoins that can be better than bitcoin and altcoins and bitcoin is not the same when it comes to use case but they are the same as a cryptocurrency.

They are same as cryptos but have different value and you can never compare any altcoin to bitcoin as there is massive difference in its price and bitcoin will always be on top and I don't see any altcoin can replace bitcoin in future.

I would say that Bitcoin is surely the biggest, meaning most used and most expensive. Best? Not by any chance, there are several algos out there that manages speed, security and anonymity as good as, or even better than bitcoin. But I agree, Bitcoin will still be the "mother" of all coins as of now. May very well change in the future. Almost all coins/algos has its pros and cons.

Altcoin is just a term for calling coin crypto other than btc and there are already thousands of coins. Many altcoins offer different functions, some are good and also bad. some other coins that can be converted to fiat money like eth

Dude, there are currently almost 1000 cryptocoins! I suggest you take a look at coinmarketcap.com - check their rankings and do some research on the biggest coins (you can get links for their site and social media if you click on them). Good luck!

There is can be no comparison between bitcoin and altcoins as bitcoin is the most powerful and popular digital currency holding huge number of users and it will always remain on top and no altcoin can even take the position of bitcoin in future.