Long term argument for bitcoin

[deisik]

Being the mother (or father) doesn't mean that it will always be at the top

As I said above, many altcoins are technically better than Bitcoin, but this alone doesn't guarantee their popularity since Bitcoin is popular not because of its technical edge (there is none), but simply because it happens to be the most popular coin as a means of speculation. And in this regard specifically, the first comer is the first to receive most of popularity and success (that basically explains why Bitcoin is still No. 1 even if it is technically inferior to some coins). But this cuts both ways, apparently, i.e. if Bitcoin loses its appeal as a speculative asset, for example, it starts bringing constant losses while some other coin gradually rises in price despite Bitcoin going down, Bitcoin will quickly lose its popularity. This is the real thing which every Bitcoin user should remember

The answer still : first one become more popular and trusted than others, because its decentralized system even though there are a lot of altcoins copied this idea. And yes, if bitcoin start to fall down, altcoins will follow to decline as well, because people see it as the standard of cryptocurrencies. Altcoins could exceed bitcoin if the price could reach Bitcoin level, like $2500 right now, but that's hard to achieved due to people trade altcoins to get bitcoin in the end, simply because bitcoin more popular and worth more than others.

I don't think this is actually required

Price as such is not a very good metric on its own. For example, Bitcoin's monetary supply equals 21M coins while Litecoin's 4 times as much, i.e. 84M coins, therefore, to be on equal terms with Bitcoin (provided the same number of coins is circulating), Litecoin should cost around 500 dollars per coin (with Bitcoin at 2,500). but even this monetary supply against price parity is ultimately irrelevant. What is really relevant and decisive here is how many dollars a coin is able to attract. In this way, if Litecoin (just an example) starts to attract more dollars than Bitcoin and this is not a one-off event, then Bitcoin is set to lose in due course where it is at its best right now

[Kronos21]

The cryptocurrency market could be anything. The value of these currencies is determined by demand. Bitcoin was the first and therefore the demand is more after the price increase of bitcoin transaction, the situation may change. This is assuming that we do not yet see the active struggle of national currencies with cryptocurrencies.

[MMA]

The cryptocurrency market could be anything. The value of these currencies is determined by demand. Bitcoin was the first and therefore the demand is more after the price increase of bitcoin transaction, the situation may change. This is assuming that we do not yet see the active struggle of national currencies with cryptocurrencies.

but we can hope that the situation will be in favour of bitcoin, because of the interest of the people, the interest of the people is increasing from time to time and hope that with the passage of time more and more people will start taking interest in bitcoin which will increase the popularity of bitcoin more. so we need to invest more money in bitcoin as its price is expected to increase more.

[Sled]

The cryptocurrency market could be anything. The value of these currencies is determined by demand. Bitcoin was the first and therefore the demand is more after the price increase of bitcoin transaction, the situation may change. This is assuming that we do not yet see the active struggle of national currencies with cryptocurrencies.

but we can hope that the situation will be in favour of bitcoin, because of the interest of the people, the interest of the people is increasing from time to time and hope that with the passage of time more and more people will start taking interest in bitcoin which will increase the popularity of bitcoin more. so we need to invest more money in bitcoin as its price is expected to increase more.

Bitcoin will still be the king in the market and even there is a lot of coins that can be a great competitor for bitcoin, it will not become easy for them to defeat or dethrone bitcoin because people are only focusing on what is on the top and that is bitcoin so i think it will take a lot more years before we can see an altcoin that is close to the bitcoin.

[pooya87]

when you talk about bitcoin versus the altcoins in general it is about how most of these altcoins are flawed and have many bugs. you can see the noisiest coin around called ethereum and how flawed it is and how the transactions have all been stuck for over a week and lots of others problems that this and many other altcoins have.

when you talk about bitcoin versus specific altcoin like litecoin there are still some minor issues but in the end it is all about the adoption. bitcoin has it and litecoin doesn't. that is why Charlie Lee is hard at work these days trying to advertise litecoin to others and make them adopt it. and as a coin gains real world adoption and starts being used more by merchants, starts processing more transactions and most importantly when it went under attack for 3-8 years and survived then it can be a valid competition.

[Taskford]

The cryptocurrency market could be anything. The value of these currencies is determined by demand. Bitcoin was the first and therefore the demand is more after the price increase of bitcoin transaction, the situation may change. This is assuming that we do not yet see the active struggle of national currencies with cryptocurrencies.

Yes, its the demand of bitcoin differs from other altcoins.
There's a high demand nowadays of bitcoin but limited in supply while other altcoins are low demand but high in supply because of this the rate of btc is affected.
Therefore bitcoin is the top cryptocurrency not to mention its establish platform.

[coynedterm]

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?

Actually long term investment are more better when we put our money in those things which are more secure , more reliable , more safe , and also have a better technology algorithm .And also with this a big responsibility also a big matter for users.
Here you can take the example of the ETH coin that It is increasing , but still you should see what happened in the start of this week .
And many bad news came in the market ( since eth is safe and secure ) and now it came at original trust with the holders .
So here we have more trust with btc then in eth , dash or in another coins ( since most of them are safe like the Bitcoin ) .
So we always prefer to use Bitcoin for long term investment and also ita use increasing and legalisation in country are only for Bitcoin not for every coin or altcoins .

[deisik]

when you talk about bitcoin versus specific altcoin like litecoin there are still some minor issues but in the end it is all about the adoption. bitcoin has it and litecoin doesn't. that is why Charlie Lee is hard at work these days trying to advertise litecoin to others and make them adopt it. and as a coin gains real world adoption and starts being used more by merchants, starts processing more transactions and most importantly when it went under attack for 3-8 years and survived then it can be a valid competition

This is not the only way to become popular

It is likely the best way to get there in an absolute sense (i.e. without taking into account the competitors), but so far even Bitcoin itself couldn't make it. The other way is pretty much along the same way as Bitcoin itself got to the top, and (what is more important) managed to stay there. I refer to its value which it received via pure speculation (as opposed to the adoption by real economy, i.e. as a means of payment by merchants). In this way, Litecoin (since we talk about it here) doen't need all that if its aim is just to take over Bitcoin. Technically, to do that it, it should just switch speculative money flows from Bitcoin to itself, i.e. start to receive more cash (or just "outperform" Bitcoin here). If more money gets poured into it over long enough timeframe, it will become more popular than Bitcoin purely as a speculative asset (that's what Bitcoin itself is about right now). This is sort of a shortcut to popularity

[cjnmoh]

Not only the Bitcoin is a value growth for investing but now a days several other altcoin also in the way of child stage that was in bitcoinsome other years back also. So for now Eth is good bet.

[hajimasan]

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?

Yeah , I will also say that Bitcoin is anesthesiology option for the long term investment , it is because we have trust with the Bitcoin then with any other coin .
Bitcoin was the first coin which entered in the internet world and after that many other useless coins enter  .
So Bitcoin has a big support of the investors and big secured algorithm that making the Bitcoin separate from other coins .
No doubt that other coins like doge , litecoin , blackxcoin , ripple , monero , 1337 , rdd existing from long ago and also have better technology but still they are not growing , I mean investors in trading are not going for such types of the coin .
So here we should hold Bitcoin only because people are using more than any other coins .

[zulkarnaen]

Indeed,bitcoin has a good potential if compared with altcoin primarily as an investment in the future, even today some countries have adopted bitcoin as a digital currency that have to legality and has a function similar to the real currency, this certainly gives impact Positive for development of bitcoin in the future.

[BingoDog]

If bitcoin overcomes current issues it has very good perspective for the future. It will stay the strongest cryptocurrency with highest value. Adoption will rise and so will the price, also some countries will regulate bitcoin or at least try to regulate it and to my opinion banks will be interested for Bitcoin too.

[GreenBits]

If bitcoin overcomes current issues it has very good perspective for the future. It will stay the strongest cryptocurrency with highest value. Adoption will rise and so will the price, also some countries will regulate bitcoin or at least try to regulate it and to my opinion banks will be interested for Bitcoin too.

What you said, but not Bitcoin. Maybe Ripple or Ethereum I agree it will most likely retain the highest price, but I think the crypto that corporate America adopts will be one of its own inception. Bitcoin is great, established, and trusted. But the very nature of bitcoin makes banks and government wary of it (pseudonymous, non reversible, non regulatable and deflationary). We will see our blockchain in everything, give it a decade. But bitcoin may not be the king at that point.

And I'm not mad at that. As long as it persists, and confidence in cryptos grow, our investments will be safe

[audaciousbeing]

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?

Your comparison of the two and arriving at the conclusion is based on what you wanted to believe but that cannot be the only factors why others prefer on to the other. In my own case, when I started with crypto currency, and I was exposed to faucets, did I see any LTC faucets? NO but only bitcoin, did I get involved on LTC dominated forum? No but BTC now tell me, if I want to keep my investment and I have to choose of the two, which one will I go for? Definitely bitcoin.

[jovs]

The answer is simple. Bitcoin is widely used and it is what makes bitcoin more valuable than other crypto-currencies. Bitcoin is better tested on higher volumes and in a longer period of time which makes bitcoin more trustworthy than other crypto-currencies. On paper it is easy to say that all coins are similar, but one line of bad code can be a huge disadvantage and the experiences with bitcoin made it clear that we would not have easily a major problem. To conclude coins don't really produce anything. Their value is based on trust and usage.

Yes in fact the system of bitcoin is actually the best reason for people to have a long term basis in bitcoin. We all know that bitcoin is the most reliable crpto-currecny ever exist because its the first coin that established a name and price in the market. So it proven and tested for transaction in volume and stock. So the reality is bitcoin can be developed more as more people will support and trust its long term system making it as a well developed currency in the near future.

[v0rtecxz]

Why I choose bitcoin other than coins, not without alasa I choose bitcoin because bitcoin can be used as a benchmark for every other coin to be seen more clearly the price in the market, and bitcoin is always stable in price increase in the market, We know now for the development of very good bitcoin from year to year, some other coins are not as good as bitcoin, and limited stock of bitcoin for now is not easy to get bitcoin, that's why many of them still believe And hold bitcoin for savings or investment long-term

[Barbut]

If bitcoin overcomes current issues it has very good perspective for the future. It will stay the strongest cryptocurrency with highest value. Adoption will rise and so will the price, also some countries will regulate bitcoin or at least try to regulate it and to my opinion banks will be interested for Bitcoin too.

What you said, but not Bitcoin. Maybe Ripple or Ethereum I agree it will most likely retain the highest price, but I think the crypto that corporate America adopts will be one of its own inception. Bitcoin is great, established, and trusted. But the very nature of bitcoin makes banks and government wary of it (pseudonymous, non reversible, non regulatable and deflationary). We will see our blockchain in everything, give it a decade. But bitcoin may not be the king at that point.

And I'm not mad at that. As long as it persists, and confidence in cryptos grow, our investments will be safe

Your argument 'the crypto that corporate America adopts' have a deep logic, I never thought about it in this way. Strong countries can do many things on blockchain, bitcoin is the first and now we have a lot of different coins, what actually stops some country to make it's own coins, and with money that corporate America poses and with power to force companies, banks and people to use that coin they can dominate on the scene probably like they dominate with dollars now. Why did you mention ripple, that coins is very cheap at the moment to be compared with ETH or BTC, at list I think that.

[bouren]

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?

One need to understand nothing in this world is immortal. Bitcoin being an IT product which is very volatile industry is no exception. It may happen in future that bitcoin would demote by any other cryptocurrency or some better technology.
"Motorola was first company to invent mobile but it is not the most famous at present."

[Kevin77]

Most alt coins are unknown, some may even possess better characteristics compared to bitcoin but due to low adoption and usage by the public they may just die off. Bitcoin has done the hard part by dragging itself from obscurity. The rest are only riding it's waves. A few like monero,  eth, dash will break through.

I don’t think monero and dash could be the one who can come to cross the way of bitcoin nor do I think ETC is much stronger. Bitcoin is the first one in bringing the new technology and making people accept the crypto technology. The rest are just copying bitcoin but are not much trusted for the transaction or to be held for a long time. Bitcoin have made its way to success and is quite smartly crossing all the hurdles.

[bit1]

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?

Without discussing technical differences the users base  is much broader than any other including the one you mention, in that sense everyone can have his own argument and probably most of them will coincide on the same. Hence users base might be a good argument.