Bitcoin Forum

Really Bitcoin transfers are expensive and lower speed, therefore altcoins are much easy to transfer. For small transfer amounts Bitcoin is not usable.

This is why: https://howmanyconfs.com/

Altcoins are faster because they are far less secure than bitcoin. Even the fastest altcoin Ethereum still takes 9 hours to be as secure as 6 bitcoin confirmations, and the other altcoins are comically slower, taking days to months to reach the same security bitcoin does in an hour.

I trade small amounts of bitcoin frequently and it is perfectly usable. If you desire instant confirmation, then think about starting to use Lightning.

Other than that, even if you use other alts which are faster than bitcoin, the question is - when you need to convert it to your local fiat, do you have exchanges readily available for your alt?
Most local exchanges only employ the conversion of btc to local fiat currency.
Like in my local area, only btc, eth or bch can be readily converted to fiat.
So if you choose a certain alt, what available options you can have to convert it to other currencies? And what exchanges are they being traded with?

Bitcoin dominated the crypto market more 60% and it has been a first crypto currencie,  people know that there is no altcoins over take bitcoin place until now with safety wise and bitcoin will be accepting to exchange fiat currency very quickly but some people have issues with bitcoin transactions because it take more time to complete the transaction considering other altcoins networks. maybe we get solutions once lightning network active in bitcoin network.

We haven't had this thread for, ooh, at least a week or two. I was starting to miss it.

I'm guessing you missed this topic (https://bitcointalk.org/index.php?topic=5215927.0).  The reason we need Bitcoin is that you can only copy so much when making an altcoin.  You can't copy the userbase.  You can't copy the adoption.  You can't copy the hashrate.  You can't copy the dev talent.  You can't copy the essence of what it really is.  So you end up with a cheap copy.  That's why altcoins are cheap to use.  You generally get what you pay for in life.

We have already Bitcoin lightning network for smaller transfers which is very quick and maybe you haven't tried it.

The world is hearing more and adopting more of bitcoin and this is the top choice of the majority, so you don't have problem about the number of people accepting it. Although, some altcoins are already used for payments but most merchants and exchanges prefer bitcoin. But if you prefer your altcoin as a means of payment, wait until it gets adopted by most.

Are there any altcoins thats better for payments than BTC?

because bitcoin is the parent of all altcoins, bitcoin is more popular and better known to many people, bitcoin is more trusted than bitcoin, bitcoin is like crypto that must be owned by crypto users, I'm sure almost all crypto users have bitcoin even if only a little.

This might be funny now, however, bitcoin will rely only on fees after several halvings. This is not sustainable because ordinary users will be priced out from using it.

To answer your question you just need to remember:

Why was bitcoin created? What was the purpose of creating bitcoin?

Altcoins may be faster, have better technology than bitcoin, but they are centralized... their creators are the ones who decide everything about the direction of the project. So in a nutshell decentralization ( or the feeling of decentralization) is the main factor that motivates people to prefer bitcoin over altcoins.

Though for large transfers, it's still an effective medium, and so it is a more viable option for macrotransactions that needs intensive verification before being sent to an address, let's say, an interstate transaction of funds.

We can't rule out Bitcoin easily because it is slow. Not all transactions even on fiat comes in breeze. Large amounts are also verified and could take some time. Though fees in traditional bank transfers, especially when geographical locations are far, could have higher fees than Bitcoin currently has.

Bitcon needs to balance the price with the fees. And with decreased reward, there would be less numbers of miners mining it hence a less secure network.
The finite supply is a good way to increase the price but won't be stable in long run. It's finite but the total supply of coin would keep decreasing for various reasons.

I think there is a lot of truth to what you are saying even if it isn't popular.  There are some altcoins that are faster and have cheaper transaction fees.  They need to be fully vetted though to make sure they don't have flaws.

As some altcoins price varies in bitcoin movement then there is still a need for bitcoin adoption. As many users uses bitcoin often that makes it unstable but more secure which is proven for time being. While other altcoins are less in fees but security may not be that high that bitcoin offers. So far I used bitcoin as long term investment and other alts for trading since less transactions fees.

Bitcoin has the largest active nodes. It needs giant hashing power as thus even asics are not enough. This is so far the most secure blockchain. Although btc tx is a bit expensive and time consuming, still faster and cheaper than international tx. Lightening network is on the way to help us with.
But if you want privacy, Monero is better option.

I don't want to say that bitcoin has a slow transaction speed, but for a small nominal amount I prefer to use other altcoin because the transaction fee is not as big as bitcoin.
For the transaction speed, in my opinion, bitcoin is faster to be confirmed, that's clear. I always take advantage of what is in bitcoin or other altcoins like LTC, XRP, XLM because in my opinion it is very affordable for a small fee.

I agree with you, feels awesome to only spend 1 doge for a transaction and see the confirmation in 1 minute. It would be like to pay 30sat fees...

But i think we need bitcoin to give a value for the altcoins, that's his role in the equation.

Your question is simple in general.
Example:
Why is 24 carat gold cheaper than pure gold which is 99%. Of course the answer is quality and the price is more expensive than 24 carat gold.
Bitcoin has a very high exchange rate, when compared to Altcoin.

Therefore bitcoin transfer values ​​are more expensive than altcoin because altcoin exchange rates are cheaper and transfers are also cheaper.
If the Bitcoin exchange price is cheaper than Altcoin, certainly the transfer is also cheaper and vice versa.

But bitcoin has more use than other altcoin thats why it is much more people prepared to use it than   others. You can use any other alternative if you are just looking for low transaction fees but bitcoin is still popular to them all .

Bitcoin is more widely accepted in online store payments and many exchanges can convert bitcoin to fiat money. that's why bitcoin is more needed than the altcoin.

It is because if there is any problem for bitcoin transaction then the problem might be solve immediately, unlike for altcoins that faster and cheaper the problem will be take too long and it is expensive too. so that differences are too far to take and of we use altcoins for faster and cheaper transaction the risk on it are too high and enable to resolve as you want. also, bitcoin is the first digital currency that everyone has known and it will be accepted.

LOL, that depends on where you are. Currently, I am at the Philippines our local exchanges here accept various of alts like ETH, XRP and BCH and you can convert it to fiat instantly. So, when it regards to payment to my friends or transferring funds, I am using XRP the fastest when it regards to transferring and the one that has the smallest fee in the entire altcoins. A lot of crypto enthusiast hate XRP because it's centralized, but for me, it's one of the best alts that ever created.

I think bitcoin is safer than other altcoins when making payments, and bitcoin may be more expensive and stable than some other altcoins that easily manipulate its market price.

Apparently, the OP is right bitcoin transactions are expensive and also takes time to complete but since it's the most popular and widely used cryptocurrency most marketplaces have chosen to accept it. However i know in the upcoming years we are likely going to see the adoption of some major altcoins such as ETH, TRON as well.

Because it is much more secure and most of the time it is the only way to convert our crypto into cash.
Other alt-coins are way more faster and cheaper since they only have small number of transactions but thinkabout what would happen to them if they alsohave a huge number of transaction like Bitcoin could stay still be much faster than Bitcoin?

why you complain about bitcoin lower speed and expensive fee if bitcoin lightning network has been releases?
right now 4,590 NODES online and 31,229 CHANNELS created you can check here : https://explorer.acinq.co/

I think this is the main problem with many countries. Here in my country, one can only deal with Bitcoin, Ethereum, BitcoinCash and XRP to be able to convert to local cash.  I know for sure that some altcoins can do faster transactions at lower cost but there are many advantages that Bitcoin is offering, that is for now. The way I am seeing it, it can take many years before some altcoins can offer many of the features of Bitcoin, that is if those altcoins will not suffer collapse due to thin market interest. 

Just like what others said, it's the confirmation power of Bitcoin making the transactions irreversible, and the network itself is strong compared to others. As to the power of Bitcoin with the acceptance of different people, let's compare it 1:1 with USD.

USD is almost universal, and all currency exchanges accept USD to trade with another one. It may not be the direct fiat conversion on a particular country, but it's taken in the exchanges, as I mentioned. Wherever you go, it's allowed.

If we analyze Bitcoin to USD, Bitcoin is the USD of the Cryptocurrency space. Any cryptocurrency would be able to be traded with Bitcoin, and some are dependent on the price of Bitcoin, and it changes with the flow of Bitcoin. That's just how powerful Bitcoin is,, and that's the reality we are in now.

There's no appearance of any cryptocurrency that would replace Bitcoin because it's the start of all cryptocurrencies. It's the USD part of cryptocurrency space. I hope it made sense.

Transactions with Altcoin are effectively faster, and very affordable at a low fees, it only takes a few minutes to confirm. I think bitcoin will eventually only be considered a store of value, and users will convert to altcoin for transaction purposes. Responding to your comment, exchanges in my country have provided it, for example tron coin, they only provide the trx / idr pair option, and delete trx / btc due to quite strict regulatory factors.

Bitcoin have delivered trust more than all other altcoins can ever delivered, it will remain the people's first choice for a long time if not forever, for transaction speeds altcoins win but for store of value or strong and trust bitcoin wins

Based on what analysis? If mining becomes unprofitable and miners leave, then the difficulty readjusts until mining is profitable again. An equilibrium will be reached where price increases and hashrate leveling off makes mining profitable. If on-chain fees are too high for everyday transactions, then people can use Lightning Network and only have to make on-chain transactions to open or close channels as neccessary.

What are you talking about? Time and number of confirmations is entirely irrelevant if the hashpower behind said confirmations is minuscule. Read my first reply to the OP please. For many altcoins, one thousand confirmations is less secure than a single bitcoin confirmation. Your tiny coin with a minuscule mining network would take months and hundreds of thousands of confirmations to be as secure as a single bitcoin confirmation.

You think that each of the top 4 mining pools is a single guy? Lol.

Bitcoin is really expensive than other altcoins, but most people put a lot of trust in bitcoin instead of other altcoins, that is why more people are using bitcoin. I think bitcoin is not slow when it come transfering your funds maybe because why people think bitcoin is slower due to a lot of people who are transfering their funds, but for me bitcoin is still fast.

One major reason is the security.  Though Bitcoin might probably have a slow transfer it provides greatest security among the cryptocurrency industry.  Aside from that, many of the altcoin have fast confirmation because their blockchain is not congested due to little numbers of transaction done compared to Bitcoin.

the main thing is because bitcoin is the parent of all coins and bitcoin is the most popular coin and is the most widely used by everyone for payment,that's why we still need bitcoin even though altcoin has speed of transferring

There may be more powerful altcoins than btc, but btc took place long ago as the most powerful in all of our psychology. It is best to accept the market as it is. Also, we always say that it takes years to replace the current system with crypto. That is almost like that. Btc has been here since the creation of the market and has been sitting on its throne. Watch out for dominance, if you try to dethrone it, can you imagine what the results will be?

I send BTC to my wallet from signature campaign's own exchanger even though it's an small amount it quickly verify's it. The reason altcoins are faster cause it doesn't take the whole process of securely verifying a block or transaction through out the nodes, yes you've received the amount of altcoin you're supposed to receive but in the backend it takes a while to get confirmated unlike bitcoin with its SHA-256 encryption that only takes minutes with its 6 confirmation process that's been verified by hash and confirmed by the entire network.

because almost all platforms and tenders provide bitcoin while for altcoin, sometimes no one provides it, even this is still within the scope of crypto. Make payments of course if there are coins available there, and if they are not available, then you cannot choose. after all, bitcoin is the first and largest, so no wonder for every platform and crypto tender, it definitely provides bitcoin.

Fast and cheap it's just for efficiency,not for security.
According to fact and data, To successfully conduct a 51 percent attack on the Bitcoin network would cost an incredible $1.4 billion. Impresive, right ?

Using altcoins are not even less secure, but thy are centralized.

If you don't care about decentralization,  you don't need cryptocurrencies.  Just use Visa.
Visa is faster and safer than any altcoins out there
https://cdn.steemitimages.com/DQmTJ8AWmJ3ZqwTtV4793HjKveRSrKAwXq46kxe6p7Rd4Ub/0_Pm-VwIvoKcNhursP.jpg
We love bitcoin not because it is cheap or fast, but because no one controls it

This.
I would rather use my local payments here in my country like PayMaya service, as well as using other wallets like PayPal. I am not that used to getting my funds be handled by some authorities although I have an online wallet that I use but most of my funds aren't yet in crypto because of the volatility.

Fast and cheaper but vulnerable to price manipulation and could involve the risk of losing half of the value when on its way to the receiver's wallet what the use? it all come down to preference and as it happens most of people prefer bitcoin because it just works and nowaday many of commerce website already accepting bitcoin through third party payment processing which explains why it could easily dominate the market.

then a question for you? Your real goal is to invest in bitcoin or altcoin? bitcoin and altcoin have different functions and uses from one another. if your goal is to get profit, then you can choose both bitcoin and altcoin, but if your goal is only for cheap transactions, you can choose altcoin.

bitcoin is better because bitcoin is not controlled by anyone, and makes me like it more. although the fee is big but in the system I believe bitcoin still outperforms, and if you use investments it would be better to use bitcoin even though it certainly has risks compared to investing in altcoin in control, especially stablecoin because they are controlled for the price.

With real store of value and profit guarantee i will go with bitcoin all day, altcoins wins the transaction speed race but in every other aspects bitcoin beats altcoins hands down, it's well supported and that is one thing about crypto once it's well supported it will always win

When robots gain our ability after a few years, humans who created them will not be needed too. While creating the robot is so easy, creating people is not as easy as Victor Frankenstein does. Think of BTC as this slower and over spending people. Would you like to kill yourself? Build everything from the beginning but those created through you, want to eliminate your dominance.

It all depends on our needs, not all who have a pure purpose use bitcoin for transactions (Payment), some even save it only as an investment asset. besides the payment of cryptocurrency for altcoin is still uneven, usually one type of Crypto for several types of stores, in contrast to Bitcoin which dominates the market

Obviously, if people mainly use bitcoin, then it is more secure and practical. The good news is that Bitcoin is expanding its infrastructure and so far it is difficult to find a replacement.

Its not that people oftenly use bitcoin because honestly lots of us mostly use altcoins but the OP's is a little bit off because bitcoin is the first known cryptocurrency and altcoins only rise up after bitcoin and even other altcoins are built using bitcoin's system so the OP's question in the title is off, bitcoin is the most successful cryptocurrency and it movements have big effect on most altcoins. Bitcoin still is the king of crypto but yes we have to admit that it has higher fees but bitcoin has proven itself to be worth your money.

First of all other cryptocurrency have different purposes and can't be used as a security token, utility token etc. some of them are not secured as the bitcoin and other known currency and it might take some time for it to have some confirmation, also consider the number of transaction every minute or hour and it will give a weight to the network.

Well it's alright sometimes to wait for a couple of hours as long as our transactions is secured, also remember that not all the time it would take an hour or so to have a confirmation in the network.

I should remind you that if he was talking about the existence of altcoin, when you are having altcoin in term to create a cheap transaction and why do you need bitcoin? The main point is in crypto bitcoin dictates everything started from the fundamental of the market, determine the price of altcoin and many more. Bitcoin is a mother from whole of altcoins as whole of coins that exist these days generated through the bitcoin source code.
It's very similar when you can use dollar and why do you need your local fiat currency? Basically, this question has various answers.

It is undeniably true that there are altcoins in the market that are faster and cheaper than bitcoin but we still need bitcoin as a form of asset and investment. It could give us a lot of profit in the next few years if we manage to stay patient and to be goal oriented. A lot of people are giving up on bitcoin because of the lack of progress in the market but once you see the possible end goal, you will pretty sure become bullish.

There are altcoins that you can readily exchange to local currency such as XRP and ETH which is faster if fast transaction is just what you need. XRP is certainly quick and cheap as well, you won't need security for that. I'd assume most countries have the local exchange that will also accept XRP since its the most accepted altcoin for fiat.

Altcoins are indeed having advantages over Bitcoin when it comes to the speed of transactions but as what I have observed, the advantage would only work when it is an altcoin to altcoin conversion, in particular with trading. The role of Bitcoin is to be in the middle since it is more often used in most of the countries, unlike on some altcoins in particular with the new ones which are not yet recognized in some countries, especially when a user would want to convert his crypto into fiat.

Before I trade my bitcoins into fiat I am trading it into XRP first then convert it through fiat. Although it has a low value but at least I can trade more bitcoins into XRP and convert it through fiat. I hope that the price of XRP will rise also in order for us to earn more. And I am hoping also for the bitcoin's more price hike because it is a good sign for us.

It may be more expensive transferring Bitcoin than other altcoins but BTC offers more flexibility in transacting with fiat and other cryptos. Most crypto trades are pair with bitcoin because it is the most widely supported crypto. The dominant market cap shows that. No other cryptos or altcoins are as tradeable in the marketplace and exchanges than bitcoin.

It is normal or natural that people become Bitcoin reliant due to many personal reason. Indeed Altcoins do provide faster and cheaper charges and transactions compared to Bitcoin that is because usage of Bitcoin is really in demand in which there are massive volumes of transactions in every single time that are needed to be processed that makes the transaction a little bit slower compared to Altcoins. When it comes to price, same with the transaction, you needed to pay for transaction fee to make the processing faster that depends on the wallet or exchange itself. Also, Bitcoin can be converted into many types of fiat currencies that are already available in to any wallet you have which makes it more convenient compared to Altcoins. Well actually, both are useful and worthy, it just takes time and patience to earn and process the transaction and the processing fee changes depending on the volatility and volume demand process taken up in a single time. But still it is up for you if you will be mainly into Bitcoin or Altcoin or you can do have both.

I think that because bitcoin was the first cryptocurrency to be created and it helped people get to know this market. Bitcoin is like a typical symbol and cannot be replaced by any other altcoin. In addition, Bitcoin is also much safer than existing altcoi in terms of security, even it cannot be hacked. Today there are many altcoins that are cheaper and faster than bitcoin but I believe its value will never be achieved like bitcoin. For me, bitcoin is digital gold

These fast transaction rate comes at some compromise. Take example of EOS, its fast and cheap but has some serious security flaws because of its DPoS consensus algorithm. Bitcoin is slow but there is no compromise on security of bitcoin network.

Bitcoin is not slow either. if you want very fast transactions then you can use the Lightning network. maybe now it’s not very convenient, but in the future, the development of this technology will grow rapidly and most likely bitcoin will be more convenient than any altcoin

You've just created that account just to say and shill that? Did you know the history that BCH was a fork from BTC?

BTC will remain even without these altcoins including that BCH whilst the altcoins, it's hard for them to exist if there's no BTC. And are you sure that when it comes to faster transaction you will count with that coin? come on, it's one of the slowest confirmation time. BTC is faster, cheaper and convenient compared to that.

Asking if that coin will exist even without btc triggered me.

Based on bitcoin's monetary policy that rewards go to 0. However, if you imply that it is the smaller miners that would be priced out and it centalizes mining to the biggest miners, that might be a correct assessment also.

How much in fees would miners need to support themselves if rewards from mining are gone?

We still need bitcoin because the volume of it dominated the market. Plus the fact that almost all of the altcoin is dependent on the price of bitcoin. Any price movement that happens in bitcoin will have a hug impact to the price of altcoin. Also, bitcoin is the one that is accepted worldwide and has a exchange to almost all of the country.

Bitcoin is not usable for transaction because its very slow to transfer, I believed that bitcoin is only good for investment, But that doesn't mean that I recommend bitcoin for investment. No, I never recommend this but its up to you if you really want to earn for long term.

Bitcoin can cover all altcoins, while altcoin cannot cover other altcoins and the functions of altcoin are still limited unlike bitcoins which have various uses to suit everyone's needs.
So is it worth the high quality in the cheap pay ??
Of course not, for me there is a form for sure there is a price.

I can’t really say why people prefers Bitcoin over altcoin, I guess everyone has different reasons, but I would say that being the first cryptocurrency in the market gives Bitcoin several advantages over altcoins.

Whenever people are discussing cryptocurrency the only coin that comes in mind is Bitcoin and they hardly discuss altcoins. And since it’s the first cryptocurrency, people trust it more than the other coins there is in the market. And of course, altcoins are faster when it comes to transaction but sometimes Bitcoin is fast as well, and there are wallets that lets spend coins without being confirmed, just like a feature in Bitpay that allows users to attempt spending coins that are not yet confirmed. And Bitcoin is also offering smart contract through RSK.

People think that only reason to use bitcoin is the transfers and that is not true at all, surely altcoins are faster and cheaper and they are not at the top right now is it? That kinda already proves my point that we do not care about the transfer times or costs when we are in love with a coin, there are faster and cheaper ones than ethereum as well for example but that one is at second too.

The thing we care about is the hype, we only care if a coin is loved by a lot of people and that is the only thing that changes the price, for example if an unknown coin right now gets a huge popularity and volume all of a sudden and kept that up for a long time, eventually more and more people will start to join in that as well even tho that coin didn't changed a single line of code, that is how it works.

Yep, altcoins are really fast and recently my bro has been sending me some money through Ethereum and it’s always instant and when I send it’s the same and the fees are very low.

But, despite that I still prefer Bitcoin, I just can’t really tell why lol, maybe because Bitcoin is the first cryptocurrency or I have gotten used to it I guess. That’s the same thing for most people they prefer Bitcoin and there is this belief that bitcoin is much secure than altcoins and I believe that is true. And by the way, there is now lightening network and you can make use of the lightening network to make your transaction faster.

we still need bitcoin for transaction, for payment gateway or something likethat, because the price of bitcoin is more stable tha other crypto, we can see Vultr use bitcoin, microsoft azure use bitcoin too, and many other service use only bitcoin, for security reason, and for stable value too.

But there will be no too many altcoins like that so-called faster and cheaper if it wasn't for Bitcoin... Others might be more fast and cheap but if you think Bitcoin is not usable, why do you think most people here still choose bitcoin over altcoins? Being fast and cheap are great but you cannot compare it on how many people still value bitcoin more than any altcoin. No matter how good a coin is, there will always be a gap between that coin and Bitcoin that, that coin can't surpass.

Bitcoin and Altcoin are different from each other. and for me personally Bitcoin and Altcoin are profitable investments, especially when the price of BTC reaches its highest price in 2017. I personally choose both BTC and Altcoin depending on the needs. both for investment and for withdrawing money.

Massive use of altcoin is valid at this time in commonly used transactions.

it's true that bitcoin has an important and better role in transaction security. but there is one point that still refers to how easy it is to use altcoin in the current situation, most users prefer altcoin because it is faster and more affordable, on the other hand they also continue to believe in bitcoin for more important purposes.

The answer is very simple, Bitcoin is the father of all coins and it can not be neglected in all market conditions, secondly bitcoin is the pioneer of blockchain technology and all other coins are based on the same which makes btc a premium choice, thirdly, bitcoin has become an alternative asset class just like gold so it has become first choice of investment.

strange, but I didn’t find Monero (XMR) in this hit paraphe /// Maybe I looked poorly? Or do they have a quiet family atmosphere and a lamp atmosphere there?)))

Well, this depends on each other's interests. If I prefer safety and quality that has been guaranteed and proven. Moreover, although not too fast compared to other altcoins, BTC has more trading pairs on local exchanges, for fiat exchanges, whereas not all altcoins have fiat pairs on local exchanges.
Altcoin does have faster transactions, but it is not easy to divert the interest of traders, investors, miners, etc. with the uniqueness of the BTC niche. That is why BTC can survive and have good progress in this decade.

Bitcoin is no doubt slow (with 7 transactions per second) but it’s more secure than any alt coins. Blockchain has built-in tradeoff between security and speed. Bitcoin opted for security hence its slow. Altcoins that have opted for speed are not as secure.

You have a point on that manner. Yes it is true that Bitcoin transfer is really expensive compared to the transaction fee when it comes to transferring any type of Altcoins. Altcoins also cater a faster transaction processing compared to Bitcoin. But as what I can see, it is because due to the massive number of demands every time that causes the traffic on completing the transaction and because of that large volume, the transaction fee is incresing. As the demand volume of Bitcoin rises, so that transaction fee increases because as demand on Bitcoin goes on, its price also increases. The price of Bitcoin transaction is not always that expensive it may just depending on the wallet or the platform you use fo transaction which really are different from each other. Also the reason why people are still into Bitcoin despite of the reasons you have said is that among the other existing cryptocurrencies which is Altcoins, Bitcoin seems to be more reliable and trustworthy as well as secured so people do keep on raising the demand on using Bitcoin for their daily life basis. There is a valid reason why the transaction fee and processing fee of Bitcoin is like that but after all, it is always worth it getting into Bitcoin.

Bitcoin is the Grand Master of all cryptocurrencies and that says a lot, even if all new coins are introducing better features bitcoin have already win the battle and nothing or not even any new coin can stop bitcoin, you know that trust is still a big issue in this space today but many trust bitcoin more than other coins

To be exact, I do not know what coins in the market are being used for. Regarding your question, I think bitcoin is the old coin and due to its legacy in the crypto space, it has a place in this space. People find it a right place to invest in bitcoin instead of reputed and potential altcoins. And bitcoin is not disappointing investors as well.

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..

Yea there are many altcoins that has fastest transaction and lowest fees than bitcoin, but bitcoin is more popular than altcoins, many people like to trade bitcoin and also as an investment. That's why bitcoin is still standing, there is no altcoins can beat bitcoin.

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 bitcoin

yes you are right bitcoin is the most safest coin ever and bitcoin is the king of all the coins that is why it is slow inorder to insure the safety of transaction, talking about the altcoins' speed i think they are not that much secure and its price is less that is why they are fast in transaction but i think bitcoin is much better in every aspect.

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

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?

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.

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.

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.

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

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.

in its use it will be a bitcoin priority, but there are also some people who use altcoin so it also depends on a user himself.
although the transaction is slow and the fee is quite large but in its system bitcoin is still superior to other altcoins.

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).

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.

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.

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?

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.

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.

I agree.Bitcoin is mostly bought for long-term retention,while altcoins are used for everyday life and its payment.

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.

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.

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.

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.

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.  ;)