Bitcoin Forum

I have observed that the bitcoin fans are kind of jealous of the "alts" or simply despise them. I think that calling "alt" to ethereum, Dash, Monero and many others is no loguer valid. It is just like if the "dollar" was a true fiat and the Euro just an "alt-dollar"

They are altcoins because they are alternate cryptocurrencies, they are the second group of cryptocurrencies while bitcoin is still the 1st.

And there is no way to change that, why all those altcoins like ethereum, dash, monero, litecoin, would stop being altcoins? i dont even know why are you asking this because this is a huge concept that everybody knows in here since they started to invest on cryptos.

It is the same as saying that gold is exactly the same as copper because they both are metals.

jep thats also my opinion

no way to change that? who said bitcoin is 1st group of cryptocurrencies? this is just bitcoin fixed thinking, bitcoin is a cryptocurrency like many others, the fact that it was one of the earlier ones that were around in the media doesnt mean anything in the long term, netscape also was the first ever internet browser but we dont call google chrome firefox internetexplorer not "alt browser" or alternate browser thats what netscape freak do only

gold is a natural element not an artificial human created

the same can be used for all other products,

all cars that are not mercedes benz or daimler made, "are alt cars" ::)

all non apple smarphones are "alt smarphones"

all non facebook social media are "alt social media"

oh what about paper currencies? lets see

all non french paper currencies are now "alt bills" or "alt banknotes"

you argument is ridiculous. you are just a bitcoin obssesed freak, go by yourself bitcoin diamond.  ::)

regards

Yes every other coin except bitcoin is an altcoin. No coin can replace bitcoin,even ethereum cant replace bitcoin. Everyone knows bitcoin is the father of crypto currency. All other altcoins are good but cant compete bitcoin.

As people have already stated, any coin that is not Bitcoin is an alt(ernative) coin.

I have a feeling that they have gotten more serious over the years and I think that we will be seeing some altcoins that are completely independent of Bitcoin in the future.

Yes altcoin is alts name from the word itself alternative coin. other tokens wants to compete in bitcoin by fast transactions, altcoins is still the future of all man kind

Altcoin appears to compensate for the shortcomings of bitcoin and exists in parallel with bitcoin for various developmental purposes. More and more new altcoins are born with more features. Make wise investments in altcoin to make a lot of money.

I think that every person will have a different opinion on this topic. Some will say that Bitcoin is the king of cryptocurrency, and all other coins are alternate coins. Other opinion is that because there are also some other good coins out there, they should not be treated as alt coins. Here I talk about Ethereum, Monero and few other good coins. At the and, for me it doesn't matter if something is called altcoin or not. Only thing that is important, is the value of the coin and the earning that we can gain from the coins.

I agree with that alt means alternate coins but when they first appear they were basically bitcoin but not named "bitcoin". Nowadays, it gone beyond bitcoin. While bitcoin can not satisfy its existence, some "alt" coins created value and take further steps. Bitcoin should be the alt coin in crypto currency world.

you may wrong at that thing. but every coin was same in my opinion. There is no real coin except the hardfork or shitcoin that remains the fake coin. Bitcoin code basically looks similar with litecoin that called by anyone altcoin.

Yes they are alternate coins to Bitcoins ,the first and biggest coins ever to happen humanity.

I think I understand what you are saying, but I guess that most people use the term Bitcoin and altcoins, simply because BTC was the first, and a lot of other coins were actually created having bitcoin protocol, and probably some of it's code as a base for it's creation. This doesn't mean that they are not good, and I don't think the term altcoin should be used in a depreciative manner. I know I don't use it, and I think there are a lot of alts out there, that have plenty of value, specially because they managed to stay away from bitcoin, and actually offered something new. Ether is a good example of this.

Of course that right now, no one can contest bitcoin value, since it's dominance over the global crypto market is at 52%.

That is not the reason, it is simply a definition, for example every single currency besides your local currency is a foreign currency, that means is a currency not printed by the local government, that is it, it is a concept, that is all, it is not an attempt to try to lessen the other coins, even if bitcoin disappeared any other coin other than bitcoin will still be an altcoin.

I thinks! This is a best way to used! Easy to understand and for me: BTC is the first!
Other coin call : altcoin!
Thanks

I don´t think ethereum will replace bitcoin, I think that it will grow so large that bitcoin wil be a thing of the past. However, I do respect it as the pionner. If you are old enough you will remember that before google yahoo was the search engine and the rest were "alt-searches".

No for sure. How can one see ethereum as an altcoin anymore? But bitcoin is more than 50% of the market so the altcoin term is still real.

Yes, for me in the longer term most alts will remain always "alt". The only reason I buy alts is to increase my bitcoins. Now there might be some exceptions for sure, such as OMG, ETH, 0X or waves, but apart from handful of these, most are going to be of no value.

If we talk about the conventional terminology, then all the coins except bitcoin are altcoins. However, in my opinion, such coins as Waves, Ripple, Ethereum, Neo - are more than altcoins, they are independent coins. By this term, you put the ethereum on one step with any shit-coin. It is not right.

every coin except bitcoin is alt, alt stand for alternatife. as long there btc outthere anothor coin still called alt, as simple as that.

I dont think so. Technology updates always.Yesterday Gold, now FIAT, and tomorrow, it will be crypto currency. The same way now bitcoin, tomorrow it may  be ethereum and the next day it may be some other like ELECTRONEUM.We cant just stick with bitcoin as it is was invented first.

Don't think it will be Electroneum, or even Ethereum.

Something seriously major would have to happen on a technological level to remove Bitcoin from the top spot. With all the planned features for Bitcoin it will remain big for many years.

Do you think that, at current pace, Ethereum could become the coin and bitcoin an "old-alt"

I agree with that alt means alternate coins but when they first appear they were basically bitcoin but not named "bitcoin". Nowadays, it gone beyond bitcoin. While bitcoin can not satisfy its existence, some "alt" coins created value and take further steps. Bitcoin should be the alt coin in crypto currency world.

This is what we've practice since from the start, all coins created after bitcoin will be considered as alt coins. Maybe, it is better if just let go this kind practices and no more alts in the market. And we gonna see them competing in the market of he same level.

Some will say that Bitcoin is the king of cryptocurrency, and all other coins are alternate coins. Other opinion is that because there are also some other good coins out there, they should not be treated as alt coins. Here I talk about Ethereum, Monero and few other good coins. At the and, for me it doesn't matter if something is called altcoin or not. Only thing that is important, is the value of the coin and the earning that we can gain from the coins.

The terminology is used to facilitate and make a classification of things or separate them from each other and in a certain way to mark an evolution in the development of things where certain criteria are changed or improved in some way,for example web,web2.0,web3.0 and so on,another clearer example  of those that you mention possibly all fall within the category of crypto 2.0,but belong to a larger category that includes them as altcoins so finally those also have their hallmark that characterizes them.

Of course they're still alt coins. As of right now many people, even in the tech world (DBAs, Technical Project Managers, Project Leads, BAs) don't know about Bitcoin. I still get questions such as: "What is mining?" "How are Bitcoins made?" "Is it a scam?" "How do you know that it's not hackable?" "Isn't only used by drug dealers?" What about the rest of the world - from dentists to plumbers to architects to auto mechanics - it will take a long time for the average person on the street to understand what's going on.

I suppose it's analogous to when paper money starting replacing gold and silver coins. "But how do you know ..." And, "isn't it to fragile to use? What happens to your money if it burns?"

When people start using BTC; when people trust it because ... they simply do (after all do you know how paper money is made?) Then, and only then, will the term alt-currency go by the wayside for the other major players.

Yes, I agree, but I think Electroneum is not going to be next. There does not seem to have any development behind

they always will be alts
there are ALTcoin there are Tokens and there are protocol
write this in youtube "Difference between COIN, TOKEN and PROTOCOL - Programmer explains" and watch =]

Alt means alternative to Bitcoin,why would alts not be an alt if the alt is not Bitcoin?its a general name bro.

Alts are called alts to identify which coin it is BTC is the foundation alts are morelikely successor of the BTC they will always be alts no matter what happen to BTC.

Yes,they are still altenative coins for bitcoin because bitcoin is still at the top of crypto currency and it will ever be.
But I hope some of the altcoins also having good potential to invest on it after the bitcoin the most important altcoin is ethereum the price of ethereum also started to climb so it is the best time to invest on altcoins too to earn more profits.

The concept makes me think of a past variable disaster. We ought to think about the strategy seriously.

Some of them are really not alts more. Take for instance, Ethereum. In reality it has nothing common with Bitcoin and it was created separately. It has a huge army of followers – those, who are interested in dealing exactly with this crypto.  8)

I think bitcoin does not need to be jealous of altcoin because altcoin says it's just an alterbative for bitcoin in other words complement and other options we can do besides bitcoin but bitcoin will stay at its peak. The supposed altcoin should be concerned with the bitcoin that is currently still on top. Although there are some altcoins that are currently starting to raise prices to attract buyers but that is only a small resistance to bitcoin.

It is hard to replace the bitcoin as the main cryptocurrency which currently dominated the markets from all levels. But altcoins are always there to give investors alternative investments as its name suggests, which are more cheaper in value than the bitcoin.

Altcoins will remain "ALTs" till they prove the opposite, for me , it's a bit hard to replace bitcoin by any other coin (not because I am a fan of BTC ) but the reality imposed it , there are several characters that make -let's say- a hierarchy classification; and as anyone can see : bitcoin is in the top.
Peace

Bitcoin fans are jealous? Yeah, i am sure everyone is jealous, especially because bitcoin price is 9000$+ and ether price is 500$...monero 150$  and so on.
Bitcoin is number one coin, unless altcoin such as monero or ether replace it they will be always called altcoins. It looks like you are jealous because someone is calling your favorite coin altcoin.

Alts will remain alts because of bitcoin.

In whole all coins are called as cryptocoins, bitcoin being first of its kind have won the title and to differenciate it from other many coins which exist and more that will come in future people have grouped them as alternative coins.

I don't think this should be big issues as coins like ETH and XMR are already popular by their own names.

Most people that don't like to call Bitcoin clones or coins that use bits from Bitcoins code with the term "Altcoin" are the ones lying to themselves and other people.

bitcoin was the first thats why others is alt :)

Yes, in a way. Most people who are far from the world of crypto never heard the names of altcoins and even do not know what it is. All this fuss and hype around Bitcoin lets it staying #1 currency and all the rest coins come behind it.

haha people with no knowledge about crypto need something easy to understand and that is "bitcoin". That make bitcoin is a tool for whales to bring news investors to this market :D

Altcoins will always be alternative to bitcoin . All digital currencies happenings rally around bitcoin because it is the first crypto coin and the most accepted. Most organizations and company accept it as a means of payment.

My mom is a person far from modern technology, but even she heard about Bitcoin.

About other coins she does not know anything and does not understand how it works at all. She asked me a few days ago how bitcoin value is provided because it is hard for her to understand how this works and why people are ready to buy it at $15,000 for 1 coin. She heard about bitcoin in the news.

Based on this, it can still be said that all the rest of the coins except bitcoin are altcoins

Yes they are still altcoins , theyare called alternative coins to bitcoins . Because they are competing with each other which will be the successsor of bitcoin in the future. They will remain as altcoins until there is the bitcoin. And altcoins in tge crypto world is important to those investors who want earn more profits. Bitcoin now is expensive to invest , that is why most investors prefer altcoins for investing.

This is nothing more than a tradition and currently have no more sense. But who actually cares?

Altcoins are really the best alternative cryptocurrency and I believe they have the future that can change our live with their great technology. Bitcoin is powerful but we must not forget that altcoins also offer great development in a world of digital assets.

they sure are. only the very main stream cryptos can be considered "not alts" like bitcoin, ethereum, and maybe bitcoin cash

I still think the name applies.  Bitcoin was the first cryptocurrency.  It also makes up 60%+ of all cryptocurrencys market capitalization.  I do consider it a disservice to say all coins are alt though.  There are only a dozen or so innovative and worthy alternatives to Bitcoin the vast majority of alts are just trash.

This is a truly brilliant remark that I had never thought at. You are right! Now I will spread your message :)

yes of course, altcoin is alts name from the word alternative coin, and bitcoin some will say is the king of cryptocurrency.
but I think in my opinion all coin was same :)

a different case in my opinion when compared with dollar because for coins other than bitcoin all is altcoin because in the end altcoin will be made bitcoin

I think that you could say that coins that move with BTC are kind of "Alt", but Ethereum and bitcoin prices are not always related, not to mention IOTA, that is going to eat both of them in a year.

I think that bitcoiners will always call all other coins alt(ernative)s. That means nothing. Each coin was made for different reasons and I think that they can coexit. Not all of them only those who have a good developer team (+ vision) and aren't just copies of others.

Bitcoin and blockchain were the first invention in this cryptocurrencies world. So Bitcoin will be always a Bitcoin and the currencies that are introduced after Bitcoin or as an alternative to Bitcoin is an altcoin. There is no problem here though some alts are way ahead of technology than Bitcoin but still they are Bitcoin's alternatives.

yes untill whatever alt still only alt and no more or no less but i personally never underestimate their development because they also a part of cryptocurrencies but sometimes alt can provide more advantages rather than bitcoin especially for transfer fees that while transfer fees for bitcoin is very expensive but the particular alt can provide fast confirmations and cheap fees such as Doge

Altcoins are 2nd best after Bitcoin, even if your are referring to Ethereum itself. Some altcoins are more practical and useful than Bitcoin, they offer technologies that are beneficial to the system.

ofcourse they are, what else would they be?   ;D
Altcoins came after Bitcoin.

Will they ever have the same value as bitcoin, theoretically Yes, they can.

Altcoins are doing so well right now, especially coins like Ethereum and Litecoin.

Alts will forever be alts,bitcoin is the foundation.They are called alts to distinguish them over Bitcoin.

Every coin or token out there except for Bitcoin is considered an alternative cryptocurrencies also known as altcoins.  No matter how popular they get as with Ethereum, Dash or Litecoin, they are still considered an altcoin.  I am not sure if that will ever change but it shouldn't matter since not all altcoins are on the same level. 

Yes altcoins still alt and their place will still for long coming years after Bitcoin surely. Bitcoin is the most successful crypto currency, it have the biggest community and the highest price, and the other altcoins depend in Bitcoin even if they have their own networks.

Of course, atl-coins are still "alt" because it is what we use to refer an coin that's not bitcoin. Altcoin is an alternative) coin even thought it is better than Bitcoin like Ethereum. Personally I think it is okay to call other coins than Bitcoin alt since it is legit and Bitcoin deserve it. Also most people invest more money into Bitcoin than altcoin and traders alway trade altcoin versus bitcoin at exchanges

I would go for a better name like "new coin" or "evolved coins". Even now sound like a sacrilege to say this, Bitcoin is just the first success, but the refinement is yet to come.

No

I know many people getting into crypto everyday and new adopters don´t  have the concept of "Alt".

However this forum is pretty oldschool and in the early days everything was an ethereum fork... that´s not the case anymore. The term "Alt" is obsolete

Originally such a name was invented in order to emphasize the relationship of the alternative to Bitcoin. Then it really was a kind of dichotomy between Bitcoin and Alt-coins. But now Altcoins are not perceived exclusively through the prism of Bitcoin. They are entrenched in the arena as independent players and are now considered regardless of Bitcoin. I think that this position makes them stronger.

ALT "So they are called altcoins, but it is likely that these Alts will be like BTCs If the BTC is out of circulation, and then we will know who will be following the btc if it is lost that.

Yes , because an "altcoin denomination" isn't used in the meaning of  devaluation of these several coins, it's just used to make difference between Bitcoin ( as it's the main and the first coin to be produced in cryptocurrency world ) and other coins

I think that all of them should be simply called cryptocurrencies or cryptos if you will. Bitcoin is just one of them. Just like an Euro is not an Alt-dollar.

I somehow agree with your argument, but most of the people that started investing and researching about bitcoin or any other coins believe that any coin created other than bitcoin is considered as an alt-coin, after all alt-coins are created with bitcoin as their baseline or standard. The only difference that I can think of is that these alt-coins offer other features or services that bitcoin can't do. I also think that to honor the name "Bitcoin" being the first ever coin/cryptocurrency, is reason that they called the other coins developed before it as "alt-coins".

I haven’t understand the sense of the word alternative coins. Of course Bitcoin is the biggest  system in crypto financial world but others currencies quite big, developed, successful and self-sufficient.

I'd argue that any coin that has mainstream awareness is no longer an Altcoin.

You can put Bitcoin and Ethereum in that category.

Possibly 1-2 others. But everything else is an alternative coin - because it hasn't reached mainstream recognition.

Alt-Coins means alternative coin,It doesn't mean that these coin are called alts in jealousy.But they are made as an alternative to bitcoin that's the reason why they are call alts.Bitcoin is the core of the cryptocurrency and it will remain so until there is large drop and large rise.And people who cannot invest in bitcoin or those who want to invest in some other coin accept bitcoin they choose alts as there prices are low and small money can be invested easily.One more thing is that trust factor is with bitcoin.

No matter how valuable and develop those coin you have mentioned are based on the concept of cryptocurrency and its history, these other coin will still remain altcoin. Altcoin are alternative to bit coin.

It is like if we decided that the Wright Brother´s plane was a plane and all the rest were Alt-Planes... so the Airbus 380 is an Alt-Plane