Bitcoin Forum

Other => Beginners & Help => Topic started by: emirate867 on November 25, 2017, 08:43:17 PM



Title: Bitcoin and Altcoins
Post by: emirate867 on November 25, 2017, 08:43:17 PM
What is the difference between Bitcoin and Altcoins?  :-\


Title: Re: Bitcoin and Altcoins
Post by: lazcemal on November 25, 2017, 08:47:20 PM
bitcoin is bitcoin. all the other coins are altcoins, hence "alternative cryptocurrency".


Title: Re: Bitcoin and Altcoins
Post by: Wusolini on November 25, 2017, 08:55:51 PM
Bitcoin was first. Everything else is just copy ( some with additional features )


Title: Re: Bitcoin and Altcoins
Post by: shursight on November 25, 2017, 09:45:19 PM
Bitcoin has been the first cryptocurrency that has ever existed, i dont think that you really need to ask this because it is not very difficult to understand.

And all the altcoins are not just copies of bitcoin, they all were ideas based on bitcoin, but with different modifications and for other kind of purposes.

ethereum is a crypto that has been created in order to create smart contracts and be a payment processor like bitcoin is too.

And the same happen with all the other cryptos like monero, litecoin, dash, with all the altcoins that are now listed on the market.


Title: Re: Bitcoin and Altcoins
Post by: Wusolini on November 25, 2017, 10:03:18 PM
Bitcoin has been the first cryptocurrency that has ever existed, i dont think that you really need to ask this because it is not very difficult to understand.

And all the altcoins are not just copies of bitcoin, they all were ideas based on bitcoin, but with different modifications and for other kind of purposes.

ethereum is a crypto that has been created in order to create smart contracts and be a payment processor like bitcoin is too.

And the same happen with all the other cryptos like monero, litecoin, dash, with all the altcoins that are now listed on the market.


IMO 99% of altcoins are just attempt to make money for authors. Artificially inflated and over rated coins without any additional value, revolutionary idea etc. But there is few exceptions and I agree that all coins mentioned in your post are those exceptions.


Title: Re: Bitcoin and Altcoins
Post by: coinlocket$ on November 26, 2017, 12:07:40 AM
Bitcoin has been the first cryptocurrency that has ever existed, i dont think that you really need to ask this because it is not very difficult to understand.

And all the altcoins are not just copies of bitcoin, they all were ideas based on bitcoin, but with different modifications and for other kind of purposes.

ethereum is a crypto that has been created in order to create smart contracts and be a payment processor like bitcoin is too.

And the same happen with all the other cryptos like monero, litecoin, dash, with all the altcoins that are now listed on the market.


IMO 99% of altcoins are just attempt to make money for authors. Artificially inflated and over rated coins without any additional value, revolutionary idea etc. But there is few exceptions and I agree that all coins mentioned in your post are those exceptions.

I Think the same but if u bet on the right alcoin for whatever reason u can get a huge profit


Title: Re: Bitcoin and Altcoins
Post by: InsightCryp.to on November 26, 2017, 01:50:48 AM
Just look at Bitcoin as the main crypto-currency, and all other crypto-currencies are just alternate or options for you where you can invest your money. So, if you find bitcoin slowing down on its progress, you can still buy crypto-currencies and trade it on some major exchange, once you reach your target profits, you can reinvest it back to bitcoins together with all the profits you gained from trading. Just trade carefully, caveat!


Title: Re: Bitcoin and Altcoins
Post by: golek upo on November 26, 2017, 03:19:49 AM
in my opinion, bitcoin is the parent of the all coins in the cryptocurrency, while the altcoin is a coin alternative.


Title: Re: Bitcoin and Altcoins
Post by: zoird on November 27, 2017, 08:31:56 PM
Now bitcoin is the most famous brand. And in the coming years it will be. Now only ETH is a competitor to BTC, but greatly inferior to him. ETH is the most well-known Altcoins.


Title: Re: Bitcoin and Altcoins
Post by: dawidt on November 27, 2017, 10:38:27 PM
Bitcoin is only one cryptocurrency who was made for idea
everything else was made for money.
it's my point


Title: Re: Bitcoin and Altcoins
Post by: crypto-curious on November 27, 2017, 11:10:53 PM
Bitcoin was the first crypto, it gave birth to blockchain... [strictly a digital currency]

altcoins based their cryptos on the basis of bitcoin. Altcoins are not just currencies, they're also ecosystems, platforms etc.


Title: Re: Bitcoin and Altcoins
Post by: ozm0823 on November 28, 2017, 04:27:55 AM
Bitcoin may be the most well-known cryptocurrency with its developed infrastructure and growing fan base. Known as “Altcoins“, these alternatives to Bitcoin each have their own individual characteristics and algorithms.


Title: Re: Bitcoin and Altcoins
Post by: namjey on November 28, 2017, 04:28:56 AM
bitcoin rocks!! alts'.. i don't know :)


Title: Re: Bitcoin and Altcoins
Post by: KoinGuru17 on November 28, 2017, 04:30:15 AM
Bitcoin is the original decentralized cryptocurrency. Altcoins are all the other cryptocurrencies that came late.


Title: Re: Bitcoin and Altcoins
Post by: SwishCheese on November 28, 2017, 04:37:35 AM
I was thinking the same thing. Hopefully, someone gives me a answer!


Title: Re: Bitcoin and Altcoins
Post by: warda1989 on November 28, 2017, 05:36:04 AM
Bitcoin was first. Everything else is just copy ( some with additional features )

Like you comment, "Everything else is juat copy"
But not just copy paste (some with additional features),
Altcoin give us some option while bitcoin transfer fee is too high, espeacialy for me.
Ex, like Etherium, we can adhust fee (gas) transfer. more gas, more faster transfer.
Then, Universa is more promising cryptocurrency. that give the best feature : more 1000 tx pe second.
more faster than bitcoin and etherium.

Hope answer the thread Question.


Title: Re: Bitcoin and Altcoins
Post by: AzureDragon on November 28, 2017, 05:58:15 AM
I think that main differnce in the cryptografical algorithm underlying the cryptocurrency (the mechanism of validation the public and private keys). Of cource, all of them uses the principles of blockchain.


Title: Re: Bitcoin and Altcoins
Post by: PolinaVodovatova on November 28, 2017, 01:37:39 PM
All these questions about future are really interesting... I think future of crypto overall is a very interesting and important topic.. and I want to learn more about it I found this one https://blockshowasia.com/


Title: Re: Bitcoin and Altcoins
Post by: Kazama7 on November 28, 2017, 02:39:25 PM
Bitcoin is the headmaster of cryptocurrency, altcoin is just the small particle from bitcoin itself..


Title: Re: Bitcoin and Altcoins
Post by: PolinaVodovatova on November 30, 2017, 04:00:36 PM
Bitcoin was first. Everything else is just copy ( some with additional features )
Have anyone already checked https://mytc.io/ ? If I understand it correctly I could get tokens just cooperating with their sponsors. Like cashback or I don’t know. But the main idea is great. Is it safe?


Title: Re: Bitcoin and Altcoins
Post by: rgbrt on November 30, 2017, 04:44:14 PM
Bitcoin is the mother of all other coins, every other coins are originated based on Bitcoin and that's why they are named as Altcoins.


Title: Re: Bitcoin and Altcoins
Post by: neosone on December 18, 2017, 08:52:20 PM
Bitcoin - Created on January 3, 2009. It is the first decentralized digital currency, as the system works without a central bank or single administrator.
Altcoin - All the rest created after Bitcoin. The word "altcoin" is the abbreviation for the "Bitcoin alternative," so we call each crypto coin except Bitcoin.


Title: Re: Bitcoin and Altcoins
Post by: tukangsiomay on December 19, 2017, 02:22:11 AM
Bitcoin is the main of cryptocurrency and altcoins is the other coin just like bitcoin but its have each function
etherium support for ICO, Bitcoin cash with an increased default of 8MB blockchain


Title: Re: Bitcoin and Altcoins
Post by: Whatacoin22 on December 19, 2017, 06:25:05 AM
I understand the difference between Bitcoins and ALT coins, however how do Alt coins hold their value. What is the difference between the supply and demand of an altcoin whenever you can use Bitcoin for the same exact purpose. Does that not eliminate the purpose of all altcoin?


Title: Re: Bitcoin and Altcoins
Post by: AlexandrInt on December 19, 2017, 06:29:13 AM
What is the difference between Bitcoin and Altcoins?  :-\
Bitcoin is a pioneer in the market, and altcoins are just an analog of it, yes they also have their value but much lower. In principle, this analogue is the future in the field of crypto-currency.


Title: Re: Bitcoin and Altcoins
Post by: Whatacoin22 on December 20, 2017, 02:02:06 AM
What is the difference between Bitcoin and Altcoins?  :-\
Bitcoin is a pioneer in the market, and altcoins are just an analog of it, yes they also have their value but much lower. In principle, this analogue is the future in the field of crypto-currency.
Ok, so which is more important or more secure in this business?  I see the pricing go up and down on both. BTC dropped over $1,500 in the past 24 hours.  How do you determine which will be more secure in the future.


Title: Re: Bitcoin and Altcoins
Post by: jamids on December 20, 2017, 04:46:53 AM
What is the difference between Bitcoin and Altcoins?  :-\

Bitcoin is the first cryptocurrency ever created and then later on other coins are created base on the technology use by bitcoin which is blockchain technology. The other coins are called alternative currencies/alternative coins or in short altcoins and each altcoins has its own characteristics for different purposes. If you want to have a more comprehensive information about bitcoin then go to Bitcoin Wiki. https://en.bitcoin.it/wiki/Main_Page


Title: Re: Bitcoin and Altcoins
Post by: MaxGiant57001 on December 20, 2017, 08:44:41 AM
Bitcoin is BTC and Altcoins is everything else
First cryptocurrency was Ripple. XMR is probably the most secure.
BTC is the average one. Everyone says how great it is but it doesn't win any of the medals when compared against Altcoins.