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Author Topic: Long term argument for bitcoin  (Read 4352 times)
lionheart78
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June 27, 2017, 10:56:51 PM
 #21

Im more confident in bitcoin because of one thing, adoption.  Bitcoin being the first mover to decentralized blockchain had cater most of the people that is involved in cryptocurrency plus the number of developers commiting and proposing ideas on its github.  Meaning there are lots of supporters to bitcoin that some altcoin is missing.  The adoption of some nation to acknowledge bitcoin as money or legal tenders is another thing.


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June 27, 2017, 11:19:52 PM
 #22

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Are litecoin and bitcoin the same assets? The only difference is the date of establishment? Oh my god, the most weird statement I've heard in bitcointalk forum so far.

Bitcoin has a community and demand dude! Litecoin not.
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June 27, 2017, 11:38:41 PM
 #23

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

I think being the first has its perks and others is just an alternative. Some may have copied bitcoin design and improved it a lot but bitcoin has already established and became the dominant crypto's ever. Of course, people will also go for the original and not the copy cat or shall we shall fake. And now the prices is so high that not even one single copy cat coin can ever matched it. Well some have tried, but the flippening did not happen.
exactly, people always looking for the original and original always better than the copy cat, that's the reason why people prefer to choose bitcoin as a long term investment instead of investing on litecoin. litecoin might be better than bitcoin if it can offering something different feature that community need like other altcoins did, now litecoin is a good alternative for sending small amount since bitcoin isn't suited for small transaction.
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June 27, 2017, 11:46:19 PM
 #24

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Also the fact that litecoin doesn't really offer much above what bitcoin already does. Being first is an advantage but a coins success depends also on what it offers and litecoin could overtake bitcoin if it really offered something substancial that bitcoin couldn't or wouldn't do.

At the end of the day its more or less a clone and it can't be as successful as a clone that started up second.
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June 27, 2017, 11:59:31 PM
 #25

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Yes it is one of many important things, all other altcoins created in order to catch up with bitcoin.
People familiar with bitcoin, they trust to put Million of dollars into bitcoin which make it rise.
The idea of decentralized digital currency as an alternative, separate from bank or government systems.
Another factor is the highest price of bitcoin, been around for years and used for many purpose besides trading.
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June 28, 2017, 12:17:43 AM
 #26

I think bitcoin will last for a long time, why I say so think about it myself, how long bitcoin known, of course we can judge that bitcoin can still be stable until now, so why should we doubt





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June 28, 2017, 12:46:52 AM
 #27

Much has been said that perhaps there are many altcoins similar to bitcoin, and there are some others who claim that there are new altcoins with better features than bitcoin, but without doubt the benefit of being the pioneer and the best positioned as well-recognized brand around the world  only belongs to bitcoin. It is something very similar to what happens with fiat currencies. Perhaps the Swiss Franc or the Japanese Yen have better support than the American dollar, but they will never be able to displace it as the most popular and best accepted currency in the world.


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June 28, 2017, 06:01:21 AM
 #28

The main reason is that bitcoin has been tested universally in different conditions in different volumes.More over,it has gained trust all over the world which is very much difficult to gain even without government support.No body wants to take any more risks as they are already satisfied with features bitcoin has provided them like low transaction fee,decentralized nature,instant transfer to any parts of the world.Only if they find a major problem with bitcoin,they would think of using another altcoin.

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June 28, 2017, 07:11:51 AM
 #29

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

The argument of altcoins being superior to bitcoin does not really work at all - as you said, bitcoin was the first. All altcoins are essentially based off bitcoin no matter how distant they seem to be apart from bitcoin, and a lot of them fail to recognize this fact and keep focusing on how superior their techonolgy is.

Altcoins can be great short term bets, sure, but definitely not long term.

Litecoin used to be the next big thing, remember? But now, it's behind Ethereum and Ripple. The argument of altcoins being better than bitcoin in the long term is the same as platinum/palladium being superior than gold/silver. It might be rarer and be able to used in many more applications, but there is no trust in them as monetary mediums.

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June 28, 2017, 07:17:53 AM
 #30

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?
Maybe your right that bitcoin and litecoin almost have the same attributes or same assets, and that is an important factor. But bitcoin is more known or popular and more subscribed cryptocurrency and it really have many achievements more than litecoin.

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June 28, 2017, 07:25:34 AM
 #31

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?
Litecoin is just a back up for me and yes i do invest in litecoin too and i am confident in long term both bitcoin and also litecoin but the secret for this choosing method is the popularity and the community as well as the market capitalization of a coin so if the coin has a high market capitalization then it is more like has more chance to pump rather than other coins.

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June 28, 2017, 07:55:36 AM
 #32

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?
Currently, Bitcoin is the best and most popular cryptocurrency. That is because it is the most widely used and accepted. That isn't something that you can say about basically any other cryptocurrency out there. However, that doesn't mean that it will forever be the most widely use and accepted currency. I definitely believe that some altcoin will overtake it and for that reason, I don't keep all my money in Bitcoin and instead invest into altcoins such as Ethereum, Dash and Monero. I don't see Litecoin as a good investment, but that is just my opinion.

Also, being the first cryptocurrency doesn't mean anything and it could easily be overtaken at anytime.

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June 28, 2017, 08:03:18 AM
 #33

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?
As a human being we would really normally go for the first and bitcoin isnt only the first but yet a crypto that last already 8 years and we did already witnessed its journey all over the years have passed and yet its still kicking and becomes more valuable and its really normal for people to choose whose stronger compared to alts we can say that they do have some similarities but no alt could able to equal on bitcoins progress.


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June 28, 2017, 08:04:33 AM
 #34

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Several reasons:

- Most altcoins are for-profit projects, designed to benefit the founders and the team around them. Therefore they usually run ICOs before anything is even released to public. All there is is promises of a good coin, and that's it. This contrasts with bitcoin drastically.
- Altcoins die off periodically. There are hundreds of dead altcoins that were considered good in the past.
- There is only need for decentralized payment processing, really. I really don't see the point of smart contracts etc.
- Altcoin are "altcoins". They'll never achieve the status nor the trust of bitcoin.

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June 28, 2017, 08:51:52 AM
 #35

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?
Yes, it is important which of them comes first because whichever did, the first one will be the one that has been used first, so people are already used in bitcoin and even though you say both of them have the same features, it will be a more reason not to try litecoin right ? Imean why will you try something new that is also the same with the previous one. Also, TBH bitcoin has more advantage than litecoin and other countries that are accepting them know that.

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June 28, 2017, 09:43:31 AM
 #36

Thank you all for your answer.

To sum it up what makes bitcoin valuable is the community as I understood.
I bought my first bitcoins today ! 3mBTC but I'm very disappointed because the fee to put it on a wallet is 1mBTC, around 3$! Thank you Kraken!
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June 28, 2017, 10:06:24 AM
 #37

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?
Being the first is important. So one of the reason why bitcoin is popular is it because it iss the first digital currency. Long term investment is very effective and many people knows about that.


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June 28, 2017, 10:27:31 AM
 #38

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Well they're probably the same and good for long term holdings but personally i haven't researched much about litecoin yet so i'm nit yet too confident in holding fir long term. Btc has been here for quir a while now and a lot of people are interested in it already as well as some countries so as of the moment i thnk btc is more stable and secure.

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June 28, 2017, 10:45:28 AM
 #39

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?

Well they're probably the same and good for long term holdings but personally i haven't researched much about litecoin yet so i'm nit yet too confident in holding fir long term. Btc has been here for quir a while now and a lot of people are interested in it already as well as some countries so as of the moment i thnk btc is more stable and secure.
Just think for litecoin as a copy of it then you are good to go. There is nothing we can think about litecoin because it is just a copy of bitcoin and i think it is also a good back up for the bitcoin users and we all know that litecoin has a small fees and also a fast transactions because of the segwit that gets activated few months ago so it is a good alternative coin for bitcoin if bitcoin will die then i will just go to litecoin.

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June 28, 2017, 11:10:09 AM
 #40

Hello,

Most of you are confident with the long term for Bitcoin. Yet some altcoins has the same features so why are you so confident about bitcoin and not about litecoin instead?

I compared them and approximatevily the same assets!
The only difference is that bitcoin was the first, is it that important?
Being the first is important. So one of the reason why bitcoin is popular is it because it iss the first digital currency. Long term investment is very effective and many people knows about that.
Yeah you're slightly correct. Being popular is a advantage to the bitcoin. This is the reason why many investors are prefer to invest their money to the bitcoin and also this is the reason why conquered the crypro world.


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